SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the quarterly period ended June 30, 1998
Commission File Number: 0-28732
HVIDE MARINE INCORPORATED
State of Incorporation: Florida I.R.S. Employer I.D. 65-0524593
2200 Eller Drive
P.O. Box 13038
Ft. Lauderdale, Florida 33316
(954) 524-4200
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding twelve months, and (2) has been subject to such filing
requirements for the past ninety days.
Yes X No
There were 12,781,783 and 2,547,064 shares of Class A Common Stock, par value
$0.001 per share, and Class B Common Stock, par value $0.001 per share,
respectively, outstanding at August 7, 1998.
<PAGE>
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
HVIDE MARINE INCORPORATED
/s/ JOHN J. KRUMENACKER
- -----------------------------------------------------
John J. Krumenacker
Controller and Chief Accounting Officer
August 20, 1998
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<EXCHANGE-RATE> 1
<CASH> 22,650
<SECURITIES> 0
<RECEIVABLES> 69,439
<ALLOWANCES> 1,628
<INVENTORY> 14,588
<CURRENT-ASSETS> 124,368
<PP&E> 870,271
<DEPRECIATION> 69,366
<TOTAL-ASSETS> 1,052,902
<CURRENT-LIABILITIES> 80,769
<BONDS> 573,442
115,000
0
<COMMON> 15
<OTHER-SE> 241,541
<TOTAL-LIABILITY-AND-EQUITY> 1,052,902
<SALES> 0
<TOTAL-REVENUES> 195,817
<CGS> 0
<TOTAL-COSTS> 102,966
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 546
<INTEREST-EXPENSE> 18,380
<INCOME-PRETAX> 26,864
<INCOME-TAX> 10,208
<INCOME-CONTINUING> 16,656
<DISCONTINUED> 0
<EXTRAORDINARY> (734)
<CHANGES> 0
<NET-INCOME> 15,922
<EPS-PRIMARY> 1.04
<EPS-DILUTED> 0.93
</TABLE>
