Note 15 - Condensed Consolidated Financial Information (Tables)

6 Months Ended

Jun. 30, 2013

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

Condensed Income Statement [Table Text Block]

	Three Months Ended June 30, 2013
	Oil States						Other						Consolidated Oil
	International,						Subsidiaries						States
	Inc. (Parent/			Guarantor			(Non-			Consolidating			International,
	Guarantor)			Subsidiaries			Guarantors)			Adjustments			Inc.
	(In thousands)
REVENUES
Operating revenues	$	—		$	726,408		$	314,140		$	—		$	1,040,548
Intercompany revenues		—			10,283			12,498			(22,781	)		—
Total revenues		—			736,691			326,638			(22,781	)		1,040,548
OPERATING EXPENSES
Cost of sales and services		—			600,965			184,677			(2,298	)		783,344
Intercompany cost of sales and services		—			7,928			11,338			(19,266	)		—
Selling, general and administrative expenses		383			38,935			17,841			—			57,159
Depreciation and amortization expense		227			28,460			39,978			(43	)		68,622
Other operating (income) expense		289			4,201			340			1			4,831
Operating income (loss)		(899	)		56,202			72,464			(1,175	)		126,592
Interest expense, net of capitalized interest		(18,121	)		(136	)		(15,661	)		14,261			(19,657	)
Interest income		4,775			44			10,080			(14,261	)		638
Equity in earnings (loss) of unconsolidated affiliates		90,770			49,363			(95	)		(140,097	)		(59	)
Other income		—			764			257			—			1,021
Income before income taxes		76,525			106,237			67,045			(141,272	)		108,535
Income tax provision		—			(14,503	)		(17,163	)		—			(31,666	)
Net income		76,525			91,734			49,882			(141,272	)		76,869
Other comprehensive income:
Foreign currency translation adjustment		(147,761	)		(131,480	)		(135,601	)		267,081			(147,761	)
Unrealized gain on forward contracts		—			(94	)		—			—			(94	)
Total other comprehensive income		(147,761	)		(131,574	)		(135,601	)		267,081			(147,855	)
Comprehensive income		(71,236	)		(39,840	)		(85,719	)		125,809			(70,986	)
Comprehensive income attributable to noncontrolling interest		—			—			(288	)		(11	)		(299	)
Comprehensive income attributable to Oil States International, Inc.	$	(71,236	)	$	(39,840	)	$	(86,077	)	$	125,798		$	(71,285	)

	Three Months Ended June 30, 2012
	Oil States International, Inc. (Parent/ Guarantor)			Guarantor Subsidiaries			Other Subsidiaries (Non-Guarantors)			Consolidating Adjustments			Consolidated Oil States International, Inc.
	(In thousands)
REVENUES
Operating revenues	$	—		$	774,316		$	316,772		$	—		$	1,091,088
Intercompany revenues		—			7,516			3,413			(10,929	)		—
Total revenues		—			781,832			320,185			(10,929	)		1,091,088
OPERATING EXPENSES
Cost of sales and services		—			645,387			175,945			(2,168	)		819,164
Intercompany cost of sales and services		—			5,306			3,085			(8,391	)		—
Selling, general and administrative expenses		394			31,440			17,019			—			48,853
Depreciation and amortization expense		219			23,082			30,922			(5	)		54,218
Other operating (income)expense		143			(71	)		(479	)		—			(407	)
Operating income (loss)		(756	)		76,688			93,693			(365	)		169,260
Interest expense, net of capitalized interest		(16,803	)		(216	)		(17,669	)		16,751			(17,937	)
Interest income		5,033			56			11,904			(16,751	)		242
Equity in earnings (loss) of unconsolidated affiliates		123,055			67,555			74			(190,464	)		220
Other income		—			3,971			337			—			4,308
Income before income taxes		110,529			148,054			88,339			(190,829	)		156,093
Income tax provision		705			(24,613	)		(20,709	)		—			(44,617	)
Net income		111,234			123,441			67,630			(190,829	)		111,476
Other comprehensive income:
Foreign currency translation adjustment		(28,283	)		(21,244	)		(21,244	)		42,488			(28,283	)
Total other comprehensive income		(28,283	)		(21,244	)		(21,244	)		42,488			(28,283	)
Comprehensive income		82,951			102,197			46,386			(148,341	)		83,193
Comprehensive income attributable to noncontrolling interest		—			—			(215	)		—			(215	)
Comprehensive income attributable to Oil States International, Inc.	$	82,951		$	102,197		$	46,171		$	(148,341	)	$	82,978

	Six Months Ended June 30, 2013
	Oil States						Other						Consolidated Oil
	International,						Subsidiaries						States
	Inc. (Parent/			Guarantor			(Non-			Consolidating			International,
	Guarantor)			Subsidiaries			Guarantors)			Adjustments			Inc.
	(In thousands)
REVENUES
Operating revenues	$	—		$	1,431,014		$	678,974		$	—		$	2,109,988
Intercompany revenues		—			15,790			13,231			(29,021	)		—
Total revenues		—			1,446,804			692,205			(29,021	)		2,109,988
OPERATING EXPENSES
Cost of sales and services		—			1,192,499			386,901			(3,715	)		1,575,685
Intercompany cost of sales and services		—			11,974			12,045			(24,019	)		—
Selling, general and administrative expenses		783			75,486			35,778			—			112,047
Depreciation and amortization expense		461			55,363			79,794			(81	)		135,537
Other operating (income) expense		135			185			(1,181	)		1			(860	)
Operating income (loss)		(1,379	)		111,297			178,868			(1,207	)		287,579
Interest expense, net of capitalized interest		(36,348	)		(316	)		(32,510	)		29,426			(39,748	)
Interest income		9,591			90			20,946			(29,425	)		1,202
Equity in earnings (loss) of unconsolidated affiliates		206,850			124,104			(831	)		(330,889	)		(766	)
Other income		—			1,558			733			—			2,291
Income before income taxes		178,714			236,733			167,206			(332,095	)		250,558
Income tax provision		—			(28,946	)		(42,159	)		—			(71,105	)
Net income		178,714			207,787			125,047			(332,095	)		179,453
Other comprehensive income:
Foreign currency translation adjustment		(170,101	)		(146,503	)		(150,590	)		297,093			(170,101	)
Unrealized gain on forward contracts		—			117			—			—			117
Total other comprehensive income		(170,101	)		(146,386	)		(150,590	)		297,093			(169,984	)
Comprehensive income		8,613			61,401			(25,543	)		(35,002	)		9,469
Comprehensive income attributable to noncontrolling interest		—			—			(636	)		(29	)		(665	)
Comprehensive income attributable to Oil States International, Inc.	$	8,613		$	61,401		$	(26,179	)	$	(35,031	)	$	8,804

	Six Months Ended June 30, 2012
	Oil States International, Inc. (Parent/ Guarantor)			Guarantor Subsidiaries			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Consolidated Oil States International, Inc.
	(In thousands)
REVENUES
Operating revenues	$	—		$	1,527,538		$	662,542		$	—		$	2,190,080
Intercompany revenues		—			12,554			3,443			(15,997	)		—
Total revenues		—			1,540,092			665,985			(15,997	)		2,190,080
OPERATING EXPENSES
Cost of sales and services		—			1,256,544			362,368			(3,951	)		1,614,961
Intercompany cost of sales and services		—			8,528			3,130			(11,658	)		—
Selling, general and administrative expenses		825			62,415			33,352			—			96,592
Depreciation and amortization expense		435			44,168			60,290			(9	)		104,884
Other operating (income) expense		(25	)		(646	)		808			—			137
Operating income (loss)		(1,235	)		169,083			206,037			(379	)		373,506
Interest expense, net of capitalized interest		(33,640	)		(433	)		(36,114	)		34,307			(35,880	)
Interest income		10,105			78			24,663			(34,307	)		539
Equity in earnings (loss) of unconsolidated affiliates		269,672			148,959			252			(418,243	)		640
Other income		—			5,599			445			—			6,044
Income before income taxes		244,902			323,286			195,283			(418,622	)		344,849
Income tax provision		1,396			(53,194	)		(46,103	)		—			(97,901	)
Net income		246,298			270,092			149,180			(418,622	)		246,948
Other comprehensive income:
Foreign currency translation adjustment		(3,037	)		(2,693	)		(2,683	)		5,376			(3,037	)
Total other comprehensive income		(3,037	)		(2,693	)		(2,683	)		5,376			(3,037	)
Comprehensive income		243,261			267,399			146,497			(413,246	)		243,911
Comprehensive income attributable to noncontrolling interest		—			—			(635	)		(5	)		(640	)
Comprehensive income attributable to Oil States International, Inc.	$	243,261		$	267,399		$	145,862		$	(413,251	)	$	243,271

Condensed Balance Sheet [Table Text Block]

	June 30, 2013
	Oil States International, Inc. (Parent/ Guarantor)			Guarantor Subsidiaries			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Consolidated Oil States International, Inc.
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	28,653		$	34,846		$	162,358		$	—		$	225,857
Accounts receivable, net		—			446,512			292,272			—			738,784
Inventories, net		—			583,607			114,980			—			698,587
Prepaid expenses and other current assets		14,546			38,512			11,910			—			64,968
Total current assets		43,199			1,103,477			581,520			—			1,728,196
Property, plant and equipment, net		2,109			615,682			1,243,755			(3,136	)		1,858,410
Goodwill, net		—			222,235			269,611			—			491,846
Other intangible assets, net		—			56,564			73,190			—			129,754
Investments in unconsolidated affiliates		2,771,647			1,600,689			2,369			(4,365,557	)		9,148
Long-term intercompany receivables (payables)		717,336			(353,237	)		(364,095	)		(4	)		—
Other noncurrent assets		39,858			882			14,435			—			55,175
Total assets	$	3,574,149		$	3,246,292		$	1,820,785		$	(4,368,697	)	$	4,272,529
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	862		$	171,983		$	78,208		$	—		$	251,053
Accrued liabilities		26,637			47,528			25,797			(4	)		99,958
Income taxes		(125,217	)		122,510			10,853			—			8,146
Current portion of long-term debt and capitalized leases		20,022			291			36			—			20,349
Deferred revenue		—			48,918			17,490			—			66,408
Other current liabilities		—			36,335			253			—			36,588
Total current liabilities		(77,696	)		427,565			132,637			(4	)		482,502
Long-term debt and capitalized leases		1,140,013			6,057			64			—			1,146,134
Deferred income taxes		(218	)		66,059			56,127			—			121,968
Other noncurrent liabilities		15,258			1,771			7,010			(450	)		23,589
Total liabilities		1,077,357			501,452			195,838			(454	)		1,774,193
Stockholders’ equity		2,496,792			2,744,840			1,623,580			(4,368,420	)		2,496,792
Non-controlling interest		—			—			1,367			177			1,544
Total stockholders’ equity		2,496,792			2,744,840			1,624,947			(4,368,243	)		2,498,336
Total liabilities and stockholders’ equity	$	3,574,149		$	3,246,292		$	1,820,785		$	(4,368,697	)	$	4,272,529

	December 31, 2012
	Oil States International, Inc. (Parent/ Guarantor)			Guarantor Subsidiaries			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Consolidated Oil States International, Inc.
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	3,222		$	57,205		$	192,745		$	—		$	253,172
Accounts receivable, net		431			486,975			345,379			—			832,785
Inventories, net		—			583,002			118,494			—			701,496
Prepaid expenses and other current assets		4,592			20,770			13,277			—			38,639
Total current assets		8,245			1,147,952			669,895			—			1,826,092
Property, plant and equipment, net		1,922			578,029			1,274,106			(1,931	)		1,852,126
Goodwill, net		—			221,610			299,208			—			520,818
Other intangible assets, net		—			58,269			87,834			—			146,103
Investments in unconsolidated affiliates		2,658,946			1,621,536			3,000			(4,273,768	)		9,714
Long-term intercompany receivables (payables)		855,354			(495,655	)		(359,697	)		(2	)		—
Other noncurrent assets		40,989			25,984			18,136			—			85,109
Total assets	$	3,565,456		$	3,157,725		$	1,992,482		$	(4,275,701	)	$	4,439,962
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	1,847		$	180,849		$	97,237		$	—		$	279,933
Accrued liabilities		17,147			53,494			37,267			(2	)		107,906
Income taxes		(95,930	)		94,996			30,522			—			29,588
Current portion of long-term debt and capitalized leases		20,022			314			10,144			—			30,480
Deferred revenue		—			49,584			16,727			—			66,311
Other current liabilities		—			4,027			287			—			4,314
Total current liabilities		(56,914	)		383,264			192,184			(2	)		518,532
Long-term debt and capitalized leases		1,150,024			6,203			123,578			—			1,279,805
Deferred income taxes		(4,772	)		80,481			53,526			—			129,235
Other noncurrent liabilities		12,713			26,906			7,420			(449	)		46,590
Total liabilities		1,101,051			496,854			376,708			(451	)		1,974,162
Stockholders’ equity		2,464,405			2,660,871			1,614,526			(4,275,397	)		2,464,405
Non-controlling interest		—			—			1,248			147			1,395
Total stockholders’ equity		2,464,405			2,660,871			1,615,774			(4,275,250	)		2,465,800
Total liabilities and stockholders’ equity	$	3,565,456		$	3,157,725		$	1,992,482		$	(4,275,701	)	$	4,439,962

Condensed Cash Flow Statement [Table Text Block]

	Six Months Ended June 30, 2013
	Oil States						Other						Consolidated
	International,						Subsidiaries						Oil States
	Inc. (Parent/			Guarantor			(Non-			Consolidating			International,
	Guarantor)			Subsidiaries			Guarantors)			Adjustments			Inc.
	(In thousands)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:	$	(72,956	)	$	214,478		$	218,747		$	(1,287	)	$	358,982
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures, including capitalized interest		(649	)		(97,404	)		(143,657	)		1,287			(240,423	)
Acquisitions of businesses, net of cash acquired		—			(321	)		—			—			(321	)
Proceeds from disposition of property, plant and equipment		—			1,173			1,460			—			2,633
Payments for equity contributions		(56,646	)		(1,230	)		—			57,876			—
Other, net		—			92			2			—			94
Net cash provided by (used in) investing activities		(57,295	)		(97,690	)		(142,195	)		59,163			(238,017	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Revolving credit borrowings (repayments), net		—			—			(47,901	)		—			(47,901	)
Term loan repayments		(10,000	)		—			(82,762	)		—			(92,762	)
Debt and capital lease payments		(11	)		(170	)		(28	)		—			(209	)
Issuance of common stock from share-based payment arrangements		10,388			—			—			—			10,388
Purchase of treasury stock		(1,485	)		—			—			—			(1,485	)
Excess tax benefits from share-based payment arrangements		5,329			—			—			—			5,329
Proceeds from (funding of) accounts and notes with affiliates, net		155,386			(161,225	)		5,839			—			—
Payments from equity contributions		—			22,569			35,307			(57,876	)		—
Shares added to treasury stock as a result of net share settlements due to vesting of restricted stock		(3,722	)		—			—			—			(3,722	)
Other, net		(203	)		—			2			—			(201	)
Net cash provided by (used in) financing activities		155,682			(138,826	)		(89,543	)		(57,876	)		(130,563	)
Effect of exchange rate changes on cash		—			(321	)		(17,396	)		—			(17,717	)
Net change in cash and cash equivalents from continuing operations		25,431			(22,359	)		(30,387	)		—			(27,315	)
Cash and cash equivalents, beginning of period		3,222			57,205			192,745			—			253,172
Cash and cash equivalents, end of period	$	28,653		$	34,846		$	162,358		$	—		$	225,857

	Six Months Ended June 30, 2012
	Oil States International,  Inc. (Parent/ Guarantor)			Guarantor Subsidiaries			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Consolidated Oil States International, Inc.
	(In thousands)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:	$	(79,674	)	$	157,589		$	173,131		$	—		$	251,046
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures, including capitalized interest		(1,198	)		(82,503	)		(116,282	)		—			(199,983	)
Proceeds from sale of equipment		—			4,567			658			—			5,225
Payments for equity contributions		(14,012	)		(5,770	)		(1,715	)		19,782			(1,715	)
Other, net		(6	)		75			(4	)		—			65
Net cash provided by (used in) investing activities		(15,216	)		(83,631	)		(117,343	)		19,782			(196,408	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Revolving credit borrowings (repayments), net		5,434			—			(6,385	)		—			(951	)
Term loan repayments		(10,000	)		—			(4,944	)		—			(14,944	)
Debt and capital lease payments		(11	)		(2,211	)		(90	)		—			(2,312	)
Issuance of common stock from share-based payment arrangements		7,801			—			—			—			7,801
Excess tax benefits from share-based payment arrangements		6,014			—			—			—			6,014
Proceeds from (funding of) accounts and notes with affiliates, net		89,812			(85,228	)		(4,584	)		—			—
Payments from equity contributions		—			14,012			5,770			(19,782	)		—
Shares added to treasury stock as a result of net share settlements due to vesting of restricted stock		(4,092	)		—			—			—			(4,092	)
Other, net		(23	)		1			(1	)		—			(23	)
Net cash provided by (used in) financing activities		94,935			(73,426	)		(10,234	)		(19,782	)		(8,507	)
Effect of exchange rate changes on cash		—			—			(3,461	)		—			(3,461	)
Net change in cash and cash equivalents from continuing operations		45			532			42,093			—			42,670
Cash and cash equivalents, beginning of period		(295	)		1,736			70,280			—			71,721
Cash and cash equivalents, end of period	$	(250	)	$	2,268		$	112,373		$	—		$	114,391