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## OCEANEERING AT A GLANCE 

## 2003 REV I E W 

Ear n i n gs of over $29 m illio n were t h e t h ir d h ig h es t i n O cea n eeri n g’s h is t ory. Recor d p rofi t co n t rib u t io n w as realize d fro m o u r I n s p ec t io n seg m e n t a n d n ear-rec or d p erfor m a n ce was ac h ieve d by A d va n ce d T ec h n ologies. T h e p rofi t co n t rib u t io n fro m o u r R O V b u si n ess was t h e sec o n d h ig h es t  ever, d es p i t e a p ersis t e n ce of lackl u s t er d e m a n d  for d rill s u pp or t  services. 

D u ri n g t h e year we also co mp le t e d  or i n i t ia t e d  acq u isi t io n s a n d m ajor ca p i t al eq u i pm e n t i n ves t m e n t s t o t ali n g a pp roxi m a t ely $185 m illio n t o p osi t io n O cea n eeri n g for i n crease d p rofi t abili t y i n t h e years a h ea d . T o p rovi d e t h e f u n d i n g d ee m e d n ecessary t o s u pp or t  o u r ca p i t al ex p a n sio n  we ob t ai n e d  a $250 m illio n revolvi n g cre d i t  facili t y. 

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