Cal Dive International Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenues of $159,807,000 compared to $146,396,000 for the same period a year ago. Operating loss was $938,000 compared to $9,154,000 last year. Loss before income taxes was $5,452,000 compared to $20,300,000 last year. Loss attributable to the company was $516,000 or $0.01 per basic and diluted share compared to $19,092,000 or $0.21 per basic and diluted share last year. EBITDA was $17,052,000 compared to $13,533,000 last year. The increase in EBITDA is primarily due to increased Mexico activity partially offset by no activity in West Africa due to the redeployment of the DSV Texas to Mexico and lower utilization domestically due to harsher winter weather conditions compared to fourth quarter 2012. The increase in fourth quarter results was partially offset by harsh winter weather conditions throughout the Gulf of Mexico and lower domestic activity in part due to the re-positioning of certain assets to Mexico.

For the year, the company reported revenues of $516,958,000 compared to $464,847,000 for the same period a year ago. Operating loss was $49,959,000 compared to $80,615,000 last year. Loss before income taxes was $63,842,000 compared to $93,084,000 last year. Loss attributable to the company was $36,634,000 or $0.39 per basic and diluted share compared to $65,029,000 or $0.70 per basic and diluted share last year. EBITDA was $34,175,000 compared to $23,267,000 last year. Net debt at December 31, 2013 was $200.0 million compared to $151.8 million at December 31, 2012.

For the quarter, the company's asset impairment was $844,000 against $6,224,000 a year ago.