Current Report Filing (8-k)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 29, 2015

Cal Dive International, Inc.

(Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation)	001-33206 (Commission File Number)	61-1500501 (IRS Employer Identification No.)

2500 CityWest Boulevard, Suite 2200 Houston, Texas (Address of principal executive offices)		77042 (Zip Code)

	(713) 361-2600 (Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following:
☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01

Other Events.

As previously reported, on March 3, 2015, Cal Dive International, Inc. (the "Company") and its United States subsidiaries (collectively, the "Debtors") filed simultaneous voluntary petitions (the "Chapter 11 Cases") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") seeking relief under the provisions of Chapter 11 of Title 11 of the United States Code. The Chapter 11 Cases are being jointly administered by the Bankruptcy Court in the proceeding "In re Cal Dive International, Inc., et al.", Case No. 15-10458.

As previously reported, during the pendency of the Chapter 11 Cases, the Company has adopted a modified reporting program with respect to its reporting obligations under federal securities laws.

On May 29, 2015, the Debtors filed their monthly operating report for the period beginning April 1, 2015 and ending April 30, 2015 (the "Monthly Operating Report") with the Bankruptcy Court. The Monthly Operating Report is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This Current Report on Form 8-K (including the exhibit hereto) should not be deemed an admission as to the materiality of any information required to be disclosed solely by Regulation FD.

Cautionary Note Regarding the Monthly Operating Report

The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Company. The Monthly Operating Report pertains only to the Debtors and thus does not represent operations of all of the Company's subsidiaries. The Monthly Operating Report is limited in scope, covers a limited time period and has been prepared solely for the purpose of complying with the monthly reporting requirements applicable in the Chapter 11 Cases and is in a format acceptable to the U.S. Trustee. The Company is not required to publicly update the Monthly Operating Report to reflect more current facts or estimates or the occurrence of future events, including if the facts, estimates and assumptions upon which the Monthly Operating Report is based are erroneous. The Monthly Operating Report was not audited or reviewed by independent public accountants, does not contain all of the information and footnotes required by generally accepted accounting principles in the United States, is in a format prescribed by applicable bankruptcy laws, and is subject to future adjustment and reconciliation. There can be no assurance that, from the perspective of an investor or potential investor in the Company's securities, the Monthly Operating Report is complete. The Monthly Operating Report also contains information for periods which are shorter or otherwise different from those required in the Company's reports pursuant to the Exchange Act, and such information might not be indicative of the Company's financial condition or operating results for the period that would be reflected in the Company's financial statements or in its reports pursuant to the Exchange Act. Results set forth in the Monthly Operating Report should not be viewed as indicative of future results.

Cautionary Note Regarding Forward-Looking Statements

Certain statements and information included herein may constitute "forward-looking" statements that are generally identifiable through the use of words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "project" and similar expressions and include any statements that are made regarding earnings expectations. The forward-looking statements speak only as of the date of this report, and the Company undertakes no obligation to update or revise such statements to reflect new information or events as they occur. These statements are based on a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performance and that actual future results may differ materially due to a variety of factors. Factors that could cause the Company's results to differ materially include: (i) the Company's ability to obtain Bankruptcy Court approval with respect to motions in the Chapter 11 Cases; (ii) the Company's ability to operate its business during this process, (iii) the effects of the Company's bankruptcy filing on the Company's business and the interests of various creditors, equity holders and other constituents, (iv) the length of time the Company will operate under the Chapter 11 Cases, (v) risks associated with third party motions in the Chapter 11 Cases, which may interfere with the Company's ability to develop and consummate a plan of reorganization, (vi) the potential adverse effects of the Chapter 11 Cases on the Company's liquidity or results of operations, and (vii) other factors disclosed by the Company from time to time in its filings with the SEC, including those described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. As a result of these factors, the Company's actual results may differ materially from those indicated or implied by such forward-looking statements.

Cautionary Note Regarding Chapter 11 Cases

The Company's stockholders are cautioned that trading in shares of the Company's equity securities during the pendency of its Chapter 11 Cases is highly speculative and poses substantial risks. Trading prices for the Company's equity securities may bear little or no relationship to the actual recovery, if any, by holders of the Company's equity upon wind-up of the Chapter 11 Cases. Accordingly, the Company urges extreme caution with respect to existing and future investments in its equity securities.

Except as required by law, the Company disclaims any obligation to publicly update such statements.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The exhibit to this Current Report on Form 8-K is listed in the Exhibit Index, which appears at the end of this report and is incorporated by reference herein.

SIGNATURES

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, hereunto duly authorized.

	CAL DIVE INTERNATIONAL, INC.


	By:	/s/ Lisa M. Buchanan
		Lisa M. Buchanan Executive Vice President, Chief Administrative Officer, General Counsel and Secretary

Date: June 4, 2015

Exhibit Index

Exhibit No.	Description
99.1	Monthly Operating Report for the period from April 1, 2015 to April 30, 2015.

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE


In re: Cal Dive International, Inc. et al⁽¹⁾		Case No. 15-10458 (CSS)
		Reporting Period: 4/1/15 - 4/30/15


MONTHLY OPERATING REPORT


		Document	Explanation	Affidavit/Supplement
REQUIRED DOCUMENTS	Form No.	Attached	Attached	Attached
Schedule of Cash Receipts and Disbursements	MOR-1	X
Bank Reconciliation (or copies of debtor's bank reconciliations)	MOR-1a		X
Schedule of Professional Fees Paid	MOR-1b	X
Copies of bank statements			X
Cash disbursements journals			X
Statement of Operations	MOR-2	X
Balance Sheet	MOR-3	X
Status of Postpetition Taxes	MOR-4	X
Copies of IRS Form 6123 or payment receipt			X
Copies of tax returns filed during reporting period			X
Summary of Unpaid Postpetition Debts	MOR-4	X
Listing of aged accounts payable	MOR-4	X
Accounts Receivable Reconciliation and Aging	MOR-5	X
Debtor Questionnaire	MOR-5	X


I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.



/s/ Quinn J. Hébert	5/29/2015
Signature of Authorized Individual	Date


Quinn J. Hébert	President, CEO and CFO
Printed Name of Authorized Individual	Title of Authorized Individual


Notes:
(1) The Debtors are Cal Dive International, Inc. 15-10458, Cal Dive Offshore Contractors, Inc. 15-10459, Affiliated Marine Contractors, Inc. 15-10460, Fleet Pipeline Services, Inc. 15-10461, CDI Renewables, LLC 15-10462 and Gulf Offshore Construction, Inc. 15-10463.

UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE


In re: Cal Dive International, Inc. et al⁽¹⁾
Case No. 15-10458 (CSS)
Reporting Period: 4/1/15 - 4/30/15

General Notes

Debtor‐in‐Possession Financial Statements – The financial statements and supplemental information contained herein are unaudited, preliminary, and may not comply with generally accepted accounting principles in the United States of America ("U.S. GAAP") in all material respects. In addition, the financial statements and supplemental information contained herein represent the financial information for the Debtors only and exclude certain Non‐Debtor subsidiaries⁽¹⁾.

American Institute of Certified Public Accountants Statement of Position 90‐7, "Financial Reporting by Entities in Reorganization under the Bankruptcy Code" ("SOP 90‐7"), which is applicable to companies in chapter 11, generally does not change the manner in which financial statements are prepared. It does require, however, that the financial statements for periods subsequent to the filing of the chapter 11 petition distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. The Debtors' financial statements contained herein have been prepared in accordance with the guidance in SOP 90‐7. The unaudited financial statements have been derived from the books and records of the Debtors. This information, however, has not been subject to procedures that would typically be applied to financial information presented in accordance with U.S. GAAP, and upon the application of such procedures, the Debtors believe that the financial information could be subject to changes, and these changes could be material. The information furnished in this report includes primarily normal recurring adjustments, but does not include all of the adjustments that would typically be made in accordance with U.S. GAAP.

The results of operations contained herein are not necessarily indicative of results which may be expected from any other period or for the full year and may not necessarily reflect the results of operations, financial position, and cash flows of the Debtors in the future.

Intercompany Transactions – Receivables and payables between the Debtors and Non‐Debtors have not been eliminated in the financial statements contained herein. No conclusion as to the legal obligation related to these intercompany transactions is made by the presentation herein.

Liabilities Subject to Compromise – As a result of the chapter 11 filings, the payment of prepetition indebtedness is subject to compromise or other treatment under applicable provisions of the Bankruptcy Code. The determination of how liabilities will ultimately be settled and treated cannot be made at this time. Accordingly, the ultimate amount of such liabilities is not determinable at this time. SOP 90‐7 requires prepetition liabilities that are subject to compromise to be reported at the amounts expected to be allowed, even if they may be settled for lesser amounts. The amounts currently classified as Liabilities Subject to Compromise are preliminary and may be subject to future adjustments depending on Court actions, further developments with respect to disputed claims, determinations of the secured status of certain claims, the values of any collateral securing such claims, rejection of executory contracts, continued reconciliation or other events. The existing senior secured, super-priority Debtor-In-Possession obligations have not been classified as Liabilities Subject to Compromise.

Bank Account Reconciliations & Cash Disbursement Journals - The Debtors affirm that bank reconciliations are prepared for all open and active bank accounts on a monthly basis. The Debtors affirm that within its financial accounting systems, check registers and/or disbursement journals are maintained for each disbursement account.

Post-Petition Taxes - The Debtors affirm that all necessary federal, state and local tax returns have been filed and all required post petition tax payments in connection therewith have been made on a timely basis.

Notes:

(1) The Debtors are Cal Dive International, Inc. 15-10458, Cal Dive Offshore Contractors, Inc. 15-10459, Affiliated Marine Contractors, Inc. 15-10460, Fleet Pipeline Services, Inc. 15-10461, CDI Renewables, LLC 15-10462 and Gulf Offshore Construction, Inc. 15-10463.

In re: Cal Dive International, Inc.						Case No. 15-10458
Debtor						Reporting Period: 4/1/15 - 4/30/15
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

	BANK ACCOUNTS				CURRENT MONTH		CUMULATIVE FILING TO DATE
	OPER.	PAYROLL	TAX	OTHER	ACTUAL	PROJECTED	ACTUAL	PROJECTED
CASH BEGINNING OF MONTH	$ 2,004,226	$ -	$ -	$ -	$ 2,004,226	$ -	$ 167,935	$ -

RECEIPTS
CASH SALES	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -
ACCOUNTS RECEIVABLE	159,150	-	-	-	159,150	-	2,140,942	-
DIP BORROWINGS	5,500,000	-	-	-	5,500,000	-	114,500,000	-
SALE OF ASSETS	-	-	-	-	-	-	-	-
OTHER	-	-	-	-	-	-	119,177	-
TRANSFERS FROM DEBTORS	9,705,084	-	-	-	9,705,084	-	17,902,089	-
TRANSFERS FROM NON DEBTORS	-	-	-	-	-	-	-	-

TOTAL RECEIPTS	$ 15,364,234	$ -	$ -	$ -	$ 15,364,234	$ -	$ 134,662,208	$ -

DISBURSEMENTS
DIP REPAYMENTS	$ -	$ -	$ -	$ -	$ -	$ -	$ 1,500,000	$ -
PREPETITION 1ST LIEN FACILITY REPAYMENT	-	-	-	-	-	-	99,800,000	-
INSURANCE	525,310	-	-	-	525,310	-	525,310	-	(1)
EMPLOYEE AND BENEFITS	139,850	-	-	-	139,850	-	335,972	-
CLOSING FEES	-	-	-	-	-	-	3,895,553	-	(2)
OTHER	5,848	-	-	-	5,848	-	11,014	-	(3)
TRANSFERS TO DEBTORS	11,983,727		-	-	11,983,727	-	24,048,569	-
TRANSFERS TO NON DEBTORS	-	-	-	-	-	-	-	-
PROFESSIONAL FEES	-	-	-	-	-	-	-	-
U.S. TRUSTEE QUARTERLY FEES	-	-	-	-	-	-	-	-
COURT COSTS	-	-	-	-	-	-	-	-
TOTAL DISBURSEMENTS	$ 12,654,735	$ -	$ -	$ -	$ 12,654,735	$ -	$ 130,116,418	$ -

NET CASH FLOW	$ 2,709,499	$ -	$ -	$ -	$ 2,709,499	$ -	$ 4,545,790	$ -
(RECEIPTS LESS DISBURSEMENTS)

CASH - END OF MONTH	$ 4,713,725	$ -	$ -	$ -	$ 4,713,725	$ -	$ 4,713,725	$ -


DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS								$ 12,654,735
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS								$ 11,983,727
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)								-
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES								$ 671,008

Notes:
(1) Monthly installment relating to the company's general insurance policy.

(2) Fees associated with the closing of the DIP Credit Agreement and interest accrued on the prepetition first lien facility.

(3) Commercial Banking Fees.

In re: Cal Dive Offshore Contractors, Inc.						Case No. 15-10459
Debtor						Reporting Period: 4/1/15 - 4/30/15
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

	BANK ACCOUNTS				CURRENT MONTH		CUMULATIVE FILING TO DATE
	OPER.	PAYROLL	TAX	OTHER	ACTUAL	PROJECTED	ACTUAL	PROJECTED
CASH BEGINNING OF MONTH	$ (412,437)	$ (19,045)	$ -	$ -	$ (431,483)	$ -	$ (28,153)	$ -

RECEIPTS
CASH SALES	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -
ACCOUNTS RECEIVABLE	942,739	-	-	-	942,739	-	942,739	-
NOTE RECEIVABLE	-	-	-	-	-	-	-	-
SALE OF ASSETS	36,000	-	-	-	36,000	-	108,750	-	(1)
OTHER	54,669	-	-	-	54,669	-	384,356	-
TRANSFERS FROM DEBTORS	9,034,532	2,949,195	-	-	11,983,727	-	24,048,569	-
TRANSFERS FROM NON DEBTORS	10,662,636	-	-	-	10,662,636	-	19,024,165	-

TOTAL RECEIPTS	$ 20,730,576	$ 2,949,195	$ -	$ -	$ 23,679,771	$ -	$ 44,508,579	$ -

DISBURSEMENTS
NET PAYROLL	$ -	$ 1,447,965	$ -	$ -	$ 1,447,965	$ -	$ 3,425,054	$ -
PAYROLL TAXES	-	1,536,369	-	-	1,536,369	-	1,938,204	-	(2)
SALES, USE, & OTHER TAXES	-	-	-	-	-	-	-	-
INVENTORY PURCHASES	-	-	-	-	-	-	-	-
SECURED/ RENTAL/ LEASES	168,346	-	-	-	168,346	-	327,428	-
INSURANCE	277,624	-	-	-	277,624	-	470,787	-
EMPLOYEE and BENEFITS	300,262	-	-	-	300,262	-	991,858	-
SELLING		-	-	-	-	-	-	-
OTHER	4,253,389	-	-	-	4,253,389	-	9,338,026	-
TRANSFERS TO DEBTORS	9,705,084	-	-	-	9,705,084	-	17,902,089	-
TRANSFERS TO NON DEBTORS	6,098,230	-	-	-	6,098,230	-	10,625,961	-
PROFESSIONAL FEES	256,881	-	-	-	256,881	-	256,881	-
U.S. TRUSTEE QUARTERLY FEES	44,300	-	-	-	44,300	-	44,300	-
COURT COSTS	-	-	-	-	-	-	-	-
TOTAL DISBURSEMENTS	$ 21,104,116	$ 2,984,334	$ -	$ -	$ 24,088,450	$ -	$ 45,320,588	$ -

NET CASH FLOW	$ (373,540)	$ (35,139)	$ -	$ -	$ (408,679)	$ -	$ (812,009)	$ -
(RECEIPTS LESS DISBURSEMENTS)

CASH - END OF MONTH	$ (785,977)	$ (54,184)	$ -	$ -	$ (840,162)	$ -	$ (840,162)	$ -	(3)


DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS								$ 24,088,450
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS								9,705,084
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)								-
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES								$ 14,383,366

Notes:
(1) Miscellaneous asset sales.

(2) Payroll tax disbursements for April '15 include prior period accrued taxes of $622,930.

(3) The Operating and Checking and Payroll Accounts of Cal Dive Offshore Contractors, Inc. are zero balance accounts and are funded by the Holding Account of Cal Dive International, Inc. The negative cash balance represents outstanding checks written on the accounts which will be funded by the Holding Account.

In re: Affiliated Marine Contractors, Inc.						Case No. 15-10460
In re: Fleet Pipeline Services, Inc.						Case No. 15-10461
In re: CDI Renewables, LLC						Case No. 15-10462
Debtor						Reporting Period: 4/1/15 - 4/30/15
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
NO BANK ACCOUNTS OR CASH ACTIVITY FOR THESE DEBTORS
	BANK ACCOUNTS				CURRENT MONTH		CUMULATIVE FILING TO DATE
	OPER.	PAYROLL	TAX	OTHER	ACTUAL	PROJECTED	ACTUAL	PROJECTED
CASH BEGINNING OF MONTH	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -

RECEIPTS
CASH SALES	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -
ACCOUNTS RECEIVABLE	-	-	-	-	-	-	-	-
LOANS AND ADVANCES	-	-	-	-	-	-	-	-
SALE OF ASSETS	-	-	-	-	-	-	-	-
OTHER	-	-	-	-	-	-	-	-
TRANSFERS (FROM DIP ACCTS)	-	-	-	-	-	-	-	-

TOTAL RECEIPTS	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -

DISBURSEMENTS
NET PAYROLL	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -
PAYROLL TAXES	-	-	-	-	-	-	-	-
SALES, USE, & OTHER TAXES	-	-	-	-	-	-	-	-
INVENTORY PURCHASES	-	-	-	-	-	-	-	-
SECURED/ RENTAL/ LEASES	-	-	-	-	-	-	-	-
INSURANCE	-	-	-	-	-	-	-	-
EMPLOYEE and BENEFITS	-	-	-	-	-	-	-	-
SELLING	-	-	-	-	-	-	-	-
OTHER	-	-	-	-	-	-	-	-
TRANSFERS (TO DIP ACCTS)	-	-	-	-	-	-	-	-
PROFESSIONAL FEES	-	-	-	-	-	-	-	-
U.S. TRUSTEE QUARTERLY FEES	-	-	-	-	-	-	-	-
COURT COSTS	-	-	-	-	-	-	-	-
TOTAL DISBURSEMENTS	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -

NET CASH FLOW	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -
(RECEIPTS LESS DISBURSEMENTS)

CASH - END OF MONTH	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS								$ -
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS								-
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)								-
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES								$ -

In re: Gulf Offshore Construction, Inc.						Case No. 15-10463
Debtor						Reporting Period: 4/1/15 - 4/30/15
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

	BANK ACCOUNTS				CURRENT MONTH		CUMULATIVE FILING TO DATE
	OPER.	PAYROLL	TAX	OTHER	ACTUAL	PROJECTED	ACTUAL	PROJECTED
CASH BEGINNING OF MONTH	$ 10	$ -	$ -	$ -	$ 10	$ -	$ 10	$ -

RECEIPTS
CASH SALES	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -
ACCOUNTS RECEIVABLE	-	-	-	-	-	-	-	-
LOANS AND ADVANCES	-	-	-	-	-	-	-	-
SALE OF ASSETS	-	-	-	-	-	-	-	-
OTHER	-	-	-	-	-	-	-	-
TRANSFERS (FROM DIP ACCTS)	-	-	-	-	-	-	-	-

TOTAL RECEIPTS	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -

DISBURSEMENTS
NET PAYROLL	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -
PAYROLL TAXES	-	-	-	-	-	-	-	-
SALES, USE, & OTHER TAXES	-	-	-	-	-	-	-	-
INVENTORY PURCHASES	-	-	-	-	-	-	-	-
SECURED/ RENTAL/ LEASES	-	-	-	-	-	-	-	-
INSURANCE	-	-	-	-	-	-	-	-
EMPLOYEE and BENEFITS	-	-	-	-	-	-	-	-
SELLING	-	-	-	-	-	-	-	-
OTHER	-	-	-	-	-	-	-	-
TRANSFERS (TO DIP ACCTS)	-	-	-	-	-	-	-	-
PROFESSIONAL FEES	-	-	-	-	-	-	-	-
U.S. TRUSTEE QUARTERLY FEES	-	-	-	-	-	-	-	-
COURT COSTS	-	-	-	-	-	-	-	-
TOTAL DISBURSEMENTS	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -

NET CASH FLOW	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -
(RECEIPTS LESS DISBURSEMENTS)

CASH - END OF MONTH	$ 10	$ -	$ -	$ -	$ 10	$ -	$ 10	$ -


DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS								$ -
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS								-
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)								-
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES								$ -

In re: Cal Dive International, Inc.		Case No. 15-10458
In re: Cal Dive Offshore Contractors, Inc.		Case No. 15-10459
In re: Affiliated Marine Contractors, Inc.		Case No. 15-10460
In re: Fleet Pipeline Services, Inc.		Case No. 15-10461
In re: CDI Renewables, LLC		Case No. 15-10462
In re: Gulf Offshore Construction, Inc.		Case No. 15-10463
Debtor		Reporting Period: 4/1/15 - 4/30/15

BANK ACCOUNT INFORMATION
Continuation Sheet for MOR-1

Legal Entity	Bank	Bank Account	Bank Balance
Cal Dive International, Inc.	Amegy	xxxx3955	$ 4,562,959
Cal Dive International, Inc.	Amegy	xxxx8884	$ 50,212	(1)
Cal Dive International, Inc.	Wells Fargo	xxxx5186	$ 100,000
Cal Dive International, Inc.	Wells Fargo	xxxx8915	$ 553
			$ 4,713,725

Cal Dive Offshore Contractors, Inc.	Amegy	xxxx5492	$ -
Cal Dive Offshore Contractors, Inc.	Amegy	xxxx7557	$ -
Cal Dive Offshore Contractors, Inc.	Amegy	xxxx5876	$ -
			$ -	(2)

Affiliated Marine Contractors	N/A	N/A	N/A


Fleet Pipeline Services, Inc.	N/A	N/A	N/A


CDI Renewables, LLC	N/A	N/A	N/A


Gulf Offshore Construction, Inc.	Amegy	xxxx9900	$ 10
			$ 10

Notes:
(1) Utility deposit account established per Final Order (I) Prohibiting Utilities from Altering, Refusing, or Discontinuing Service; (II) Approving Debtors' Proposed Form of Adequate Assurance of Payment to Utilities; and (III) Establishing Procedures for Resolving Objections to Debtors' Proposed Form of Adequate Assurance (D.I. 161)

(2) Cal Dive Offshore Contractors, Inc. accounts are zero balance accounts.

In re: Cal Dive International, Inc.							Case No. 15-10458
In re: Cal Dive Offshore Contractors, Inc.							Case No. 15-10459
In re: Affiliated Marine Contractors, Inc.							Case No. 15-10460
In re: Fleet Pipeline Services, Inc.							Case No. 15-10461
In re: CDI Renewables, LLC							Case No. 15-10462
In re: Gulf Offshore Construction, Inc.							Case No. 15-10463
Debtor							Reporting Period: 4/1/15 - 4/30/15

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID - CASH BASIS ONLY ⁽¹⁾
This schedule includes all retained professional payments from case inception to current month.

Payee	Service	Period	Amount		Check		Amount Paid		Year-To-Date
		Covered	Approved	Payor	Number	Date	Fees	Expenses	Fees	Expenses
CARL MARKS ADVISORY GROUP LLC	Crisis Managers & C.R.O.	Retainer	$ 35,000	Cal Dive Offshore Contractors, Inc	Wire	4/17/2015	$ 35,000		$ 35,000	$ -
CARL MARKS ADVISORY GROUP LLC	Crisis Managers & C.R.O.	3/12/15 -3/31/15	$ 203,226	Cal Dive Offshore Contractors, Inc	Wire	4/17/2015	$ 203,226		$ 203,226	$ -
CARL MARKS ADVISORY GROUP LLC	Crisis Managers & C.R.O.	3/16/15 -3/21/15	$ 2,319	Cal Dive Offshore Contractors, Inc	Wire	4/17/2015		$ 2,319	$ -	$ 2,319
CARL MARKS ADVISORY GROUP LLC	Crisis Managers & C.R.O.	3/15/15 - 3/27/15	$ 8,860	Cal Dive Offshore Contractors, Inc	Wire	4/17/2015		$ 8,860	$ -	$ 8,860


JONES,WALKER,WAECHTR,POITEVENT, CARRERE & DENEGRE LLP	Corporate Counsel	3/6/15 - 3/31/15	$ 7,476	Cal Dive Offshore Contractors, Inc	Check	4/27/2015	$ 6,831	$ 645	$ 6,831	$ 645

KURTZMAN CARSON CONSULTANTS LLC	Claims, noticing, and administrative agent						$ -	$ -	$ -	$ -

O'MELVENY & MYERS LLP	Debtors' Co-Counsel						$ -	$ -	$ -	$ -

RICHARDS, LAYTON & FINGER P A	Debtors' Co-Counsel						$ -	$ -	$ -	$ -


							$ 245,057	$ 11,824	$ 245,057	$ 11,824

Notes:
(1) This schedule includes only professional firms retained by debtors' estate and schedule is on a cash basis only. The Debtors will report compensation paid to ordinary course professionals within 30 days after the conclusion of each fiscal quarter, per the terms of the Court's order authorizing retention of ordinary course professionals [D.I. 197].

In re: Cal Dive International, Inc.	Case No. 15-10458
Debtor	Reporting Period: 4/1/15 - 4/30/15

STATEMENT OF OPERATIONS
(Income Statement)

The Statement of Operations is prepared on an accrual basis.

		Cumulative
REVENUES	Month	Filing to Date
Gross Revenues	-	-
Net Revenue	$ -	$ -
COST OF SALES
Direct Costs	-	-
Operations Support	-	-
Gross Profit (Loss)	$ -	$ -
OPERATING EXPENSES
General and administrative expenses	5,848	29,530
Other items	-	-
Provision for doubtful accounts	-	-
Asset impairment	-	-
(Gain) loss on sale of assets, net	-	-
Operating Profit (Loss)	$ (5,848)	$ (29,530)
OTHER INCOME AND EXPENSES
Interest expense, net	3,357,794	6,689,349
Loss on early extinguishment of debt	-	349,747
Other (income) & expense, net	-	-
Profit (Loss) before income taxes	$ (3,363,642)	$ (7,068,626)
INCOME TAXES
Income tax (benefit) expense	166,757	(1,178,725)
Net Profit (Loss)	$ (3,530,399)	$ (5,889,901)

In re: Cal Dive Offshore Contractors, Inc.	Case No. 15-10459
Debtor	Reporting Period: 4/1/15 - 4/30/15

STATEMENT OF OPERATIONS
(Income Statement)

The Statement of Operations is prepared on an accrual basis.

		Cumulative
REVENUES	Month	Filing to Date
Gross Revenues	3,020,675	3,716,869
Net Revenue	$ 3,020,675	$ 3,716,869
COST OF SALES
Direct Costs	5,226,645	8,444,489
Operations Support	479,672	916,407
Gross Profit (Loss)	$ (2,685,642)	$ (5,644,027)
OPERATING EXPENSES
General and administrative expenses	2,030,636	3,633,977
Other items	-	-
Provision for doubtful accounts	-	-
Asset impairment	-	-
(Gain) loss on sale of assets, net	-	(72,750)
Operating Profit (Loss)	$ (4,716,278)	$ (9,205,254)
OTHER INCOME AND EXPENSES
Interest expense, net	4,217	8,743
Loss on early extinguishment of debt	-	-
Other (income) & expense, net	2,163,422	4,059,386	(1)
Profit (Loss) before income taxes	$ (6,883,917)	$ (13,273,383)
INCOME TAXES
Income tax (benefit) expense	(50,000)	(50,000)
Net Profit (Loss)	$ (6,833,917)	$ (13,223,383)

Notes:
(1) Includes $1.9m in April '15 and $3.4 million in Cumulative Filing to Date accrued professional fees associated with the bankruptcy.

In re: Affiliated Marine Contractors, Inc.	Case No. 15-10460
Debtor	Reporting Period: 4/1/15 - 4/30/15

STATEMENT OF OPERATIONS
(Income Statement)

The Statement of Operations is prepared on an accrual basis.

		Cumulative
REVENUES	Month	Filing to Date
Gross Revenues	-	-
Net Revenue	$ -	$ -
COST OF SALES
Direct Costs	-	-
Operations Support	-	-
Gross Profit (Loss)	$ -	$ -
OPERATING EXPENSES
General and administrative expenses	-	-
Other items	-	-
Provision for doubtful accounts	-	-
Asset impairment	-	-
(Gain) loss on sale of assets, net	-	-
Operating Profit (Loss)	$ -	$ -
OTHER INCOME AND EXPENSES
Interest expense, net	-	-
Loss on early extinguishment of debt	-	-
Other (income) & expense, net	-	-
Profit (Loss) before income taxes	$ -	$ -
INCOME TAXES
Income tax (benefit) expense	-	-
Net Profit (Loss)	$ -	$ -

In re: Fleet Pipeline Services, Inc.	Case No. 15-10461
Debtor	Reporting Period: 4/1/15 - 4/30/15

STATEMENT OF OPERATIONS
(Income Statement)

The Statement of Operations is prepared on an accrual basis.

		Cumulative
REVENUES	Month	Filing to Date
Gross Revenues	2,351,961	2,351,961
Net Revenue	$ 2,351,961	$ 2,351,961
COST OF SALES
Direct Costs	2,351,961	2,351,961
Operations Support	-	-
Gross Profit (Loss)	$ -	$ -
OPERATING EXPENSES
General and administrative expenses	-	-
Other items	-	-
Provision for doubtful accounts	-	-
Asset impairment	-	-
(Gain) loss on sale of assets, net	-	-
Operating Profit (Loss)	$ -	$ -
OTHER INCOME AND EXPENSES
Interest expense, net	-	-
Loss on early extinguishment of debt	-	-
Other (income) & expense, net	-	-
Profit (Loss) before income taxes	$ -	$ -
INCOME TAXES
Income tax (benefit) expense	-	-
Net Profit (Loss)	$ -	$ -

In re: CDI Renewables, LLC	Case No. 15-10462
Debtor	Reporting Period: 4/1/15 - 4/30/15

STATEMENT OF OPERATIONS
(Income Statement)

The Statement of Operations is prepared on an accrual basis.

		Cumulative
REVENUES	Month	Filing to Date
Gross Revenues	-	-
Net Revenue	$ -	$ -
COST OF SALES
Direct Costs	-	-
Operations Support	-	-
Gross Profit (Loss)	$ -	$ -
OPERATING EXPENSES
General and administrative expenses	-	-
Other items	-	-
Provision for doubtful accounts	-	-
Asset impairment	-	-
(Gain) loss on sale of assets, net	-	-
Operating Profit (Loss)	$ -	$ -
OTHER INCOME AND EXPENSES
Interest expense, net	-	-
Loss on early extinguishment of debt	-	-
Other (income) & expense, net	-	-
Profit (Loss) before income taxes	$ -	$ -
INCOME TAXES
Income tax (benefit) expense	-	-
Net Profit (Loss)	$ -	$ -

In re: Gulf Offshore Construction, Inc.	Case No. 15-10463
Debtor	Reporting Period: 4/1/15 - 4/30/15

STATEMENT OF OPERATIONS
(Income Statement)

The Statement of Operations is prepared on an accrual basis.

		Cumulative
REVENUES	Month	Filing to Date
Gross Revenues	56,434	624,279
Net Revenue	$ 56,434	$ 624,279
COST OF SALES
Direct Costs	(140,341)	287,622	(1)
Operations Support	-	-
Gross Profit (Loss)	$ 196,775	$ 336,657
OPERATING EXPENSES
General and administrative expenses	-	-
Other items	-	-
Provision for doubtful accounts	-	-
Asset impairment	-	-
(Gain) loss on sale of assets, net	-	-
Operating Profit (Loss)	$ 196,775	$ 336,657
OTHER INCOME AND EXPENSES
Interest expense, net	-	-
Loss on early extinguishment of debt	-	-
Other (income) & expense, net	-	-
Profit (Loss) before income taxes	$ 196,775	$ 336,657
INCOME TAXES
Income tax (benefit) expense	-	-
Net Profit (Loss)	$ 196,775	$ 336,657

Notes:
(1) Direct costs for the month of April '15 include a $150,000 reversal of a March accrual related to a non-debtor affiliate.

In re: Cal Dive International, Inc.	Case No. 15-10458
Debtor	Reporting Period: April 30, 2015
BALANCE SHEET
The Balance Sheet is completed on an accrual basis only. Prepetition liabilities are classified separately from postpetition obligations.
	BOOK VALUE AT END OF
ASSETS	CURRENT REPORTING MONTH
CURRENT ASSETS
Cash and Equivalents	$ 4,713,725
Accounts Receivable Trade	-
Contracts in progress	-
Intercompany receivable, net	200,498,476	(1)
Income tax receivable	-
Deferred income taxes	596,733
Other current assets	6,568,766	(2)
TOTAL CURRENT ASSETS	212,377,700
PROPERTY AND EQUIPMENT
Property and equipment	-
Less - Accumulated depreciation	-
TOTAL PROPERTY & EQUIPMENT	-
OTHER ASSETS
Deferred drydock costs, net	-
Investments in subsidiaries	8,033,919
Other assets, net	92,130	(3)
TOTAL OTHER ASSETS	8,126,049
TOTAL ASSETS	$ 220,503,749

	BOOK VALUE AT END OF
LIABILITIES AND OWNER EQUITY	CURRENT REPORTING MONTH
LIABILITIES AND OWNER EQUITY
Accounts Payable	$ -
Advanced billings on contracts	-
Accrued liabilities	-
Income tax payable	1,356,836	(4)
Current maturities of long-term debt	113,000,000	(5)
Intercompany payable, net	-
TOTAL CURRENT LIABILITIES	114,356,836
OTHER LIABILITIES
Long-term debt	-
Deferred income taxes	1,054,483
Other long-term liabilities	-
LIABILITIES NOT SUBJECT TO COMPROMISE	115,411,319
LIABILITIES SUBJECT TO COMPROMISE (Prepetition)
Liabilities subject to compromise	188,084,389	(6)

TOTAL LIABILITIES	303,495,708
OWNER EQUITY
Common stock	985,775
Additional Paid-In Capital	445,583,677
Accumulated other comprehensive loss	11,909
Retained earnings - prepetition	(523,683,419)
Retained earnings - postpetition	(5,889,901)
NET OWNER EQUITY	(82,991,959)
TOTAL LIABILITIES AND OWNERS' EQUITY	$ 220,503,749

Notes:
(1) Represents:
Intercompany balance due from (to) debtor affiliate	$ 193,351,865
Intercompany balance due from (to) non debtor affiliate	7,146,611
Total	$ 200,498,476

(2) $5.9 million of deferred financing costs associated with indebtedness and carried at cost and amortized to interest expense. $0.6 million of current deposits.

(3) Non current deposits.

(4) Represents expected alternative minimum tax payable for fiscal year 2015.

(5) Represents the outstanding borrowings of the Debtor pursuant to the Senior Secured, Super-Priority Debtor-in-Possession Credit Agreement dated March 3, 2015, as amended.

(6) Comprised of:
Second lien debt, including accrued interest	$ 110,961,788
Convertible notes, net of debt discount, including accrued interest	77,122,601
Total	$ 188,084,389

In re: Cal Dive Offshore Contractors, Inc.	Case No. 15-10459
Debtor	Reporting Period: April 30, 2015
BALANCE SHEET
The Balance Sheet is completed on an accrual basis only. Prepetition liabilities are classified separately from postpetition obligations.
	BOOK VALUE AT END OF
ASSETS	CURRENT REPORTING MONTH
CURRENT ASSETS
Cash and Equivalents	$ (838,469)	(1)
Accounts Receivable Trade	6,444,133
Contracts in progress	597,018
Intercompany receivable, net	-
Income tax receivable	288,497
Deferred income taxes	-
Other current assets	16,534,075	(2)
TOTAL CURRENT ASSETS	23,025,254
PROPERTY AND EQUIPMENT
Property and equipment	255,105,249
Less - Accumulated depreciation	(120,586,375)
TOTAL PROPERTY & EQUIPMENT	134,518,874
OTHER ASSETS
Deferred drydock costs, net	6,248,641
Investments in subsidiaries	64,330,823
Other assets, net	6,530,908	(3)
TOTAL OTHER ASSETS	77,110,372
TOTAL ASSETS	$ 234,654,500

	BOOK VALUE AT END OF
LIABILITIES AND OWNER EQUITY	CURRENT REPORTING MONTH
LIABILITIES AND OWNER EQUITY
Accounts Payable	$ 960,380
Advanced billings on contracts	54,860
Accrued liabilities	6,879,713	(4)
Income tax payable	-
Current maturities of long-term debt	-
Intercompany payable, net	187,337,710	(5)
TOTAL CURRENT LIABILITIES	195,232,663
OTHER LIABILITIES
Long-term debt	-
Deferred income taxes	-
Other long-term liabilities	916,636
LIABILITIES NOT SUBJECT TO COMPROMISE	196,149,299
LIABILITIES SUBJECT TO COMPROMISE (Prepetition)
Liabilities subject to compromise	29,800,829	(6)

TOTAL LIABILITIES	225,950,128
OWNER EQUITY
Common stock	-
Additional Paid-In Capital	643,544,341
Accumulated other comprehensive loss	-
Retained earnings - prepetition	(621,616,586)
Retained earnings - postpetition	(13,223,383)
NET OWNER EQUITY	8,704,372
TOTAL LIABILITIES AND OWNERS' EQUITY	$ 234,654,500


(1) The Operating and Checking and Payroll Accounts of Cal Dive Offshore Contractors, Inc. are zero balance accounts and are funded by the Holding Account of Cal Dive International, Inc. The negative cash balance represents outstanding checks written on the accounts which will be funded by the Holding Account. Balance includes petty cash of $1,692.

(2) Comprised of:
Assets held for sale	$ 6,694,096
Current note receivable	2,651,116
Prepaids	3,445,744
Insurance receivable	2,391,038
Prepaid insurance	1,036,411
Other	315,670
Total	$ 16,534,075

(3) Comprised of:
Long term notes receivable	$ 4,167,908
Equity investment	2,363,000
Total	$ 6,530,908

(4) Comprised of:
Accrued payroll and benefits	$ 778,165
Accrued job costs	1,484,848
Accrued professional fees	3,350,000
Accrued taxes other than income taxes	863,398
Other	403,302
Total	$ 6,879,713

(5) Represents:
Intercompany balance due from (to) debtor affiliate	$ (166,519,262)
Intercompany balance due from (to) non debtor affiliate	(20,818,448)
Total	$ (187,337,710)

(6) Comprised of:
Accounts payable	$ 21,584,951
Accrued liabilities	8,215,878
Total	$ 29,800,829

In re: Affiliated Marine Contractors, Inc.	Case No. 15-10460
Debtor	Reporting Period: April 30, 2015
BALANCE SHEET
The Balance Sheet is completed on an accrual basis only. Prepetition liabilities are classified separately from postpetition obligations.
	BOOK VALUE AT END OF
ASSETS	CURRENT REPORTING MONTH
CURRENT ASSETS
Cash and Equivalents	$ -
Accounts Receivable Trade	-
Contracts in progress	-
Intercompany receivable, net	-
Income tax receivable	-
Deferred income taxes	-
Other current assets	-
TOTAL CURRENT ASSETS	-
PROPERTY AND EQUIPMENT
Property and equipment	-
Less - Accumulated depreciation	-
TOTAL PROPERTY & EQUIPMENT	-
OTHER ASSETS
Deferred drydock costs, net	-
Investments in subsidiaries	-
Other assets, net	-
TOTAL OTHER ASSETS	-
TOTAL ASSETS	$ -

	BOOK VALUE AT END OF
LIABILITIES AND OWNER EQUITY	CURRENT REPORTING MONTH
LIABILITIES AND OWNER EQUITY
Accounts Payable	$ -
Advanced billings on contracts	-
Accrued liabilities	-
Income tax payable	212,627
Current maturities of long-term debt	-
Intercompany payable, net	223,206	(1)
TOTAL CURRENT LIABILITIES	435,833
OTHER LIABILITIES
Long-term debt	-
Deferred income taxes	-
Other long-term liabilities	-
LIABILITIES NOT SUBJECT TO COMPROMISE	435,833
LIABILITIES SUBJECT TO COMPROMISE (Prepetition)
Liabilities subject to compromise	-

TOTAL LIABILITIES	435,833
OWNER EQUITY
Common stock	-
Additional Paid-In Capital	10
Accumulated other comprehensive loss	-
Retained earnings - prepetition	(435,843)
Retained earnings - postpetition	-
NET OWNER EQUITY	(435,833)
TOTAL LIABILITIES AND OWNERS' EQUITY	$ -


Notes:
(1) Represents:
Intercompany balance due from (to) debtor affiliate	$ (29,048,334)
Intercompany balance due from (to) non debtor affiliate	28,825,128
Total	$ (223,206)

In re: Fleet Pipeline Services, Inc.	Case No. 15-10461
Debtor	Reporting Period: April 30, 2015
BALANCE SHEET
The Balance Sheet is completed on an accrual basis only. Prepetition liabilities are classified separately from postpetition obligations.
	BOOK VALUE AT END OF
ASSETS	CURRENT REPORTING MONTH
CURRENT ASSETS
Cash and Equivalents	$ -
Accounts Receivable Trade	-
Contracts in progress	-
Intercompany receivable, net	576,546	(1)
Income tax receivable	-
Deferred income taxes	-
Other current assets	-
TOTAL CURRENT ASSETS	576,546
PROPERTY AND EQUIPMENT
Property and equipment	-
Less - Accumulated depreciation	-
TOTAL PROPERTY & EQUIPMENT	-
OTHER ASSETS
Deferred drydock costs, net	-
Investments in subsidiaries	-
Other assets, net	-
TOTAL OTHER ASSETS	-
TOTAL ASSETS	$ 576,546

	BOOK VALUE AT END OF
LIABILITIES AND OWNER EQUITY	CURRENT REPORTING MONTH
LIABILITIES AND OWNER EQUITY
Accounts Payable	$ -
Advanced billings on contracts	-
Accrued liabilities	-
Income tax payable	-
Current maturities of long-term debt	-
Intercompany payable, net	-
TOTAL CURRENT LIABILITIES	-
OTHER LIABILITIES
Long-term debt	-
Deferred income taxes	-
Other long-term liabilities	-
LIABILITIES NOT SUBJECT TO COMPROMISE	-
LIABILITIES SUBJECT TO COMPROMISE (Prepetition)
Liabilities subject to compromise	-

TOTAL LIABILITIES	-
OWNER EQUITY
Common stock	-
Additional Paid-In Capital	10
Accumulated other comprehensive loss	-
Retained earnings - prepetition	576,536
Retained earnings - postpetition	-
NET OWNER EQUITY	576,546
TOTAL LIABILITIES AND OWNERS' EQUITY	$ 576,546


Notes:
(1) Represents:
Intercompany balance due from (to) debtor affiliate	$ (1,114,308)
Intercompany balance due from (to) non debtor affiliate	1,690,854
Total	$ 576,546

In re: CDI Renewables, LLC	Case No. 15-10462
Debtor	Reporting Period: April 30, 2015
BALANCE SHEET
The Balance Sheet is completed on an accrual basis only. Prepetition liabilities are classified separately from postpetition obligations.
	BOOK VALUE AT END OF
ASSETS	CURRENT REPORTING MONTH
CURRENT ASSETS
Cash and Equivalents	$ -
Accounts Receivable Trade	-
Contracts in progress	-
Intercompany receivable, net	-
Income tax receivable	-
Deferred income taxes	-
Other current assets	-
TOTAL CURRENT ASSETS	-
PROPERTY AND EQUIPMENT
Property and equipment	-
Less - Accumulated depreciation	-
TOTAL PROPERTY & EQUIPMENT	-
OTHER ASSETS
Deferred drydock costs, net	-
Investments in subsidiaries	-
Other assets, net	-
TOTAL OTHER ASSETS	-
TOTAL ASSETS	$ -

	BOOK VALUE AT END OF
LIABILITIES AND OWNER EQUITY	CURRENT REPORTING MONTH
LIABILITIES AND OWNER EQUITY
Accounts Payable	$ -
Advanced billings on contracts	-
Accrued liabilities	-
Income tax payable	-
Current maturities of long-term debt	-
Intercompany payable, net	-
TOTAL CURRENT LIABILITIES	-
OTHER LIABILITIES
Long-term debt	-
Deferred income taxes	-
Other long-term liabilities	-
LIABILITIES NOT SUBJECT TO COMPROMISE	-
LIABILITIES SUBJECT TO COMPROMISE (Prepetition)
Liabilities subject to compromise	-

TOTAL LIABILITIES	-
OWNER EQUITY
Common stock	-
Additional Paid-In Capital	-
Accumulated other comprehensive loss	-
Retained earnings - prepetition
Retained earnings - postpetition	-
NET OWNER EQUITY	-
TOTAL LIABILITIES AND OWNERS' EQUITY	$ -

In re: Gulf Offshore Construction, Inc.	Case No. 15-10463
Debtor	Reporting Period: April 30, 2015
BALANCE SHEET
The Balance Sheet is completed on an accrual basis only. Prepetition liabilities are classified separately from postpetition obligations.
	BOOK VALUE AT END OF
ASSETS	CURRENT REPORTING MONTH
CURRENT ASSETS
Cash and Equivalents	$ 10
Accounts Receivable Trade	2,486,007
Contracts in progress	-
Intercompany receivable, net	3,323,058	(1)
Income tax receivable	-
Deferred income taxes	-
Other current assets	-
TOTAL CURRENT ASSETS	5,809,075
PROPERTY AND EQUIPMENT
Property and equipment	-
Less - Accumulated depreciation	-
TOTAL PROPERTY & EQUIPMENT	-
OTHER ASSETS
Deferred drydock costs, net	-
Investments in subsidiaries	-
Other assets, net	-
TOTAL OTHER ASSETS	-
TOTAL ASSETS	$ 5,809,075

	BOOK VALUE AT END OF
LIABILITIES AND OWNER EQUITY	CURRENT REPORTING MONTH
LIABILITIES AND OWNER EQUITY
Accounts Payable	$ -
Advanced billings on contracts	1,256,155
Accrued liabilities	1,697
Income tax payable	-
Current maturities of long-term debt	-
Intercompany payable, net	-
TOTAL CURRENT LIABILITIES	1,257,852
OTHER LIABILITIES
Long-term debt	-
Deferred income taxes	-
Other long-term liabilities	-
LIABILITIES NOT SUBJECT TO COMPROMISE	1,257,852
LIABILITIES SUBJECT TO COMPROMISE (Prepetition)
Liabilities subject to compromise	-

TOTAL LIABILITIES	1,257,852
OWNER EQUITY
Common stock	-
Additional Paid-In Capital	10
Accumulated other comprehensive loss	-
Retained earnings - prepetition	4,214,556
Retained earnings - postpetition	336,657
NET OWNER EQUITY	4,551,223
TOTAL LIABILITIES AND OWNERS' EQUITY	$ 5,809,075


Notes:
(1) Represents:
Intercompany balance due from (to) debtor affiliate	$ 3,330,041
Intercompany balance due from (to) non debtor affiliate	(6,983)
Total	$ 3,323,058

In re: Cal Dive International, Inc.				Case No. 15-10458
Debtor				Reporting Period: April 30, 2015

STATUS OF POSTPETITION TAXES


	Beginning	Amount				Ending
	Tax	Withheld or	Amount	Date	Check No.	Tax
	Liability	Accrued	Paid	Paid	or EFT	Liability
Federal
Withholding
FICA-Employee
FICA-Employer
Unemployment
Income	$ 1,356,836	$ -	$ -			$ 1,356,836	(1)
Other:
Total Federal Taxes	$ 1,356,836	$ -	$ -			$ 1,356,836
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:
Total State and Local	$ -	$ -	$ -			$ -
Total Taxes	$ 1,356,836	$ -	$ -			$ 1,356,836


SUMMARY OF UNPAID POSTPETITION DEBTS


		Number of Days Past Due
	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable						$ -
Wages Payable						$ -
Other:						$ -
Total Postpetition Debts	$ -	$ -	$ -	$ -	$ -	$ -

Notes:
(1) Represents expected alternative minimum tax payable for fiscal year 2015.

In re: Cal Dive Offshore Contractors, Inc.				Case No. 15-10459
Debtor				Reporting Period: April 30, 2015

STATUS OF POSTPETITION TAXES


	Beginning	Amount				Ending
	Tax	Withheld or	Amount	Date	Check No.	Tax
	Liability	Accrued	Paid	Paid	or EFT	Liability
Federal
Withholding	$ 328,066	$ 340,386	$ (668,452)	4/2/15, 4/16/15 and 4/30/15	EFT	$ -
FICA-Employee	131,728	161,212	(292,939)	4/2/15, 4/16/15 and 4/30/15	EFT	-
FICA-Employer	131,728	161,212	(292,939)	4/2/15, 4/16/15 and 4/30/15	EFT	-
Unemployment	17,085	110	(17,058)	4/30/2015	EFT	137
Foreign Based US Employee Tax Equalization	480,077	(340,338)				139,739	(1)
Other:	-					-
Total Federal Taxes	$ 1,088,684	$ 322,582	$ (1,271,389)			$ 139,876
State and Local
Withholding	$ 32,239	$ 23,450	$ (55,689)	4/2/15 and 4/30/15	EFT	$ -
Sales	48,266	4,167	-			52,433
Excise	-	-	-			-
Unemployment	211,963	3,165	(209,672)	4/30/2015	EFT	5,456
Personal Property	673,562	53,000				726,562
Franchise	137,616	15,826	(72,000)			81,442
Other:	6,636	(9,130)				(2,494)
Total State and Local	1,110,281	90,479	(337,361)			863,398
Total Taxes	$ 2,198,965	$ 413,060	$ (1,608,751)			$ 1,003,274	(2)


SUMMARY OF UNPAID POSTPETITION DEBTS


		Number of Days Past Due
	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable	$ 506,667	$ 291,617	$ 162,095	$ -	$ -	$ 960,380
Wages Payable	638,289	-	-	-	-	638,289	(2)
Other: Accrued Liabilities	1,888,150	-	-	-	-	1,888,150	(2)
Other: Professional Fees	3,350,000	-	-	-	-	3,350,000	(2)
Total Postpetition Debts	$ 6,383,105	$ 291,617	$ 162,095	$ -	$ -	$ 6,836,818

Notes:
(1) Net amount of tax accrual less prior period tax payment reclassified to non-debtor affiliate in the current period.

(2) Sum of these equal $6,879,713 (Accrued Liabilities) on the balance sheet.

In re: Affiliated Marine Contractors, Inc.				Case No. 15-10460
Debtor				Reporting Period: April 30, 2015

STATUS OF POSTPETITION TAXES


	Beginning	Amount				Ending
	Tax	Withheld or	Amount	Date	Check No.	Tax
	Liability	Accrued	Paid	Paid	or EFT	Liability
Federal
Withholding
FICA-Employee
FICA-Employer
Unemployment
Income	$ 212,627	$ -	$ -			$ 212,627
Other:
Total Federal Taxes	$ 212,627	$ -	$ -			$ 212,627
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:
Total State and Local	$ -	$ -	$ -			$ -
Total Taxes	$ 212,627	$ -	$ -			$ 212,627


SUMMARY OF UNPAID POSTPETITION DEBTS


		Number of Days Past Due
	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable						$ -
Wages Payable						$ -
Other:						$ -
Total Postpetition Debts	$ -	$ -	$ -	$ -	$ -	$ -

In re: Fleet Pipeline Services, Inc.				Case No. 15-10461
Debtor				Reporting Period: April 30, 2015

STATUS OF POSTPETITION TAXES


	Beginning	Amount				Ending
	Tax	Withheld or	Amount	Date	Check No.	Tax
	Liability	Accrued	Paid	Paid	or EFT	Liability
Federal
Withholding
FICA-Employee
FICA-Employer
Unemployment
Income
Other:
Total Federal Taxes	$ -	$ -	$ -			$ -
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:
Total State and Local	$ -	$ -	$ -			$ -
Total Taxes	$ -	$ -	$ -			$ -


SUMMARY OF UNPAID POSTPETITION DEBTS


		Number of Days Past Due
	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable						$ -
Wages Payable						$ -
Other:						$ -
Total Postpetition Debts	$ -	$ -	$ -	$ -	$ -	$ -

In re: CDI Renewables, LLC				Case No. 15-10462
Debtor				Reporting Period: April 30, 2015

STATUS OF POSTPETITION TAXES


	Beginning	Amount				Ending
	Tax	Withheld or	Amount	Date	Check No.	Tax
	Liability	Accrued	Paid	Paid	or EFT	Liability
Federal
Withholding
FICA-Employee
FICA-Employer
Unemployment
Income
Other:
Total Federal Taxes	$ -	$ -	$ -			$ -
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:
Total State and Local	$ -	$ -	$ -			$ -
Total Taxes	$ -	$ -	$ -			$ -


SUMMARY OF UNPAID POSTPETITION DEBTS


		Number of Days Past Due
	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable						$ -
Wages Payable						$ -
Other:						$ -
Total Postpetition Debts	$ -	$ -	$ -	$ -	$ -	$ -

In re: Gulf Offshore Construction, Inc.				Case No. 15-10463
Debtor				Reporting Period: April 30, 2015

STATUS OF POSTPETITION TAXES


	Beginning	Amount				Ending
	Tax	Withheld or	Amount	Date	Check No.	Tax
	Liability	Accrued	Paid	Paid	or EFT	Liability
Federal
Withholding
FICA-Employee
FICA-Employer
Unemployment
Income
Other:
Total Federal Taxes	$ -	$ -	$ -			$ -
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:
Total State and Local	$ -	$ -	$ -			$ -
Total Taxes	$ -	$ -	$ -			$ -


SUMMARY OF UNPAID POSTPETITION DEBTS


		Number of Days Past Due
	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable						$ -
Wages Payable						$ -
Other: Accrued Liabilities	$ 1,697	$ -				$ 1,697
Other						$ -
Total Postpetition Debts	$ 1,697	$ -	$ -	$ -	$ -	$ 1,697

In re: Cal Dive International, Inc.		Case No. 15-10458
In re: Cal Dive Offshore Contractors, Inc.		Case No. 15-10459
In re: Affiliated Marine Contractors, Inc.		Case No. 15-10460
In re: Fleet Pipeline Services, Inc.		Case No. 15-10461
In re: CDI Renewables, LLC		Case No. 15-10462
In re: Gulf Offshore Construction, Inc.		Case No. 15-10463
Debtor		Reporting Period: April 30, 2015

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

	Other Debtors ⁽¹⁾	GOCI	CDOCI
Accounts Receivable Reconciliation	Amount	Amount	Amount
Total Accounts Receivable at the beginning of the reporting period	$ -	$ 15,830,007	$ 10,063,440
+ Amounts billed during the period	-	-	1,071,772
- Credit memo issued during the period	-	-	(749,162)	(2)
- Amounts collected during the period	-	-	(1,101,889)	(3)
Total Accounts Receivable at the end of the reporting period	$ -	$ 15,830,007	$ 9,284,160

Accounts Receivable Aging	Amount	Amount	Amount
0 - 30 days old	$ -	$ -	$ 3,405,286
31 - 60 days old	-	862,548	5,532,616
61 - 90 days old	-	-	41,573
91+ days old	-	14,967,460	304,686
Total Accounts Receivable	-	15,830,007	9,284,160
Amount considered uncollectible (Bad Debt)	-	13,344,000	2,840,028
Accounts Receivable (Net)	$ -	$ 2,486,007	$ 6,444,133

DEBTOR QUESTIONNAIRE ⁽⁴⁾

Must be completed each month	Yes	No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.		X
		X
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.		X
		X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.	X
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.	X
	X
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.	X		(5)



Notes:
(1) The Other Debtors are Cal Dive International, Inc. 15-10458, Affiliated Marine Contractors, Inc. 15-10460, Fleet Pipeline Services, Inc. 15-10461, and CDI Renewables, LLC 15-10462.

(2) Credit memo to reflect client direct payment to accounts payable vendors on client project per right of offset provisions in contract. Offsetting reduction recorded in prepetition liabilities on balance sheet.

(3) Cash Collections:
(a) Received in debtor Cal Dive International, Inc. Case 15-10458	$ 159,150
(b) Received in debtor Cal Dive Offshore Contractors, Inc. Case 15-10459	942,739
	$ 1,101,889

(4) Answers to Debtor Questionnaire is the same for all six Debtors, other than the response to Question 5, which only applies to Cal Dive International, Inc. See note 5 below for further detail.

(5) Utility deposit account established per Final Order (I) Prohibiting Utilities from Altering, Refusing, or Discontinuing Service; (II) Approving Debtors' Proposed Form of Adequate Assurance of Payment to Utilities; and (III) Establishing Procedures for Resolving Objections to Debtors' Proposed Form of Adequate Assurance (D.I. 161)

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