HORNBECK OFFSHORE SERVICES INC /LA Financial Statements (2026 and earlier)
Company Profile
| Business Address |
103 NORTHPARK BOULEVARD COVINGTON, LA 70433 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 44 - Water Transportation (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 121,490 | 224,936 | 186,849 | 217,027 | 259,801 | 185,123 | |||
| Cash and cash equivalent | 121,490 | 224,936 | 186,849 | 217,027 | 259,801 | 185,123 | |||
| Receivables | 66,995 | 54,924 | 44,702 | 36,550 | 91,202 | 130,969 | |||
| Disposal group, including discontinued operation | 470 | ||||||||
| Other current assets | 20,510 | 19,768 | 16,890 | 16,978 | 13,033 | 20,049 | |||
| Other undisclosed current assets | 45,531 | ||||||||
| Total current assets: | 208,995 | 299,628 | 248,441 | 270,555 | 364,036 | 382,142 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 23,492 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 2,342,763 | 2,434,829 | 2,501,013 | 2,578,388 | 2,574,661 | 2,459,486 | |||
| Restricted cash and investments | 52,136 | ||||||||
| Deferred costs | 35,915 | 22,525 | 12,812 | 19,077 | 35,273 | 68,953 | |||
| Other noncurrent assets | 5,586 | 7,655 | 6,612 | 10,255 | 10,446 | 11,870 | |||
| Total noncurrent assets: | 2,459,892 | 2,465,009 | 2,520,437 | 2,607,720 | 2,620,380 | 2,540,309 | |||
| TOTAL ASSETS: | 2,668,887 | 2,764,637 | 2,768,878 | 2,878,275 | 2,984,416 | 2,922,451 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 70,641 | 64,931 | 48,862 | 45,143 | 79,811 | 81,483 | |||
| Interest and dividends payable | 16,950 | 15,910 | 14,734 | 14,763 | 14,795 | 14,890 | |||
| Employee-related liabilities | 11,980 | 12,445 | 9,475 | 8,596 | 11,222 | 14,830 | |||
| Accounts payable | 30,093 | 26,826 | 16,196 | 11,774 | 35,916 | 42,404 | |||
| Accrued liabilities | 11,618 | 9,750 | 8,457 | 10,010 | 17,878 | 9,359 | |||
| Debt | 1,266,843 | 96,311 | |||||||
| Disposal group, including discontinued operation | 1 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 5,734 | 1,561 | ||||
| Total current liabilities: | 1,337,484 | 161,242 | 48,862 | 45,143 | 85,545 | 83,045 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 24,219 | 1,123,625 | 1,080,826 | 1,083,710 | 1,070,281 | 1,073,472 | |||
| Long-term debt, excluding current maturities | 1,123,625 | 1,080,826 | 1,083,710 | 1,070,281 | 1,073,472 | ||||
| Liabilities, other than long-term debt | 134,739 | 2,722 | 201,266 | 346,426 | 382,427 | 395,169 | |||
| Deferred tax liabilities, net | ✕ | ✕ | 197,465 | 343,020 | 381,619 | 392,492 | |||
| Deferred income tax liabilities | 132,526 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Disposal group, including discontinued operation, liabilities | 1,560 | ||||||||
| Other liabilities | 2,213 | 2,722 | 3,801 | 3,406 | 808 | 1,117 | |||
| Operating lease, liability | 24,219 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 169,122 | ||||||||
| Total noncurrent liabilities: | 158,958 | 1,295,469 | 1,282,092 | 1,430,136 | 1,452,708 | 1,468,641 | |||
| Total liabilities: | 1,496,442 | 1,456,711 | 1,330,954 | 1,475,279 | 1,538,253 | 1,551,686 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,172,445 | 1,307,926 | 1,437,924 | 1,402,996 | 1,446,163 | 1,370,765 | |||
| Common stock | 381 | 377 | 371 | 365 | 360 | 356 | |||
| Additional paid in capital | 766,779 | 761,834 | 760,278 | 754,394 | 748,041 | 736,294 | |||
| Accumulated other comprehensive income (loss) | (3,504) | (3,760) | 8,677 | 10,245 | (4,076) | (902) | |||
| Retained earnings | 408,789 | 549,475 | 668,598 | 637,992 | 701,838 | 635,017 | |||
| Total equity: | 1,172,445 | 1,307,926 | 1,437,924 | 1,402,996 | 1,446,163 | 1,370,765 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,668,887 | 2,764,637 | 2,768,878 | 2,878,275 | 2,984,416 | 2,922,451 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 225,662 | 212,404 | 191,412 | 224,299 | 476,070 | 634,793 | ||
| Revenue, net | ✕ | ✕ | ✕ | 191,412 | 224,299 | |||
| Cost of revenue | (114,375) | (108,727) | (111,780) | (113,610) | (109,029) | (116,272) | ||
| Gross profit: | 111,287 | 103,677 | 79,632 | 110,689 | 367,041 | 518,521 | ||
| Operating expenses | (218,448) | (191,113) | (168,255) | (174,962) | (267,557) | (349,923) | ||
| Other undisclosed operating income (loss) | 62 | 59 | (121) | 54 | 44,060 | 822 | ||
| Operating income (loss): | (107,099) | (87,377) | (88,744) | (64,219) | 143,544 | 169,420 | ||
| Nonoperating expense | (68,708) | (61,367) | (34,079) | (45,133) | (36,966) | (29,146) | ||
| Interest and debt expense | (71) | (63,566) | 15,478 | (48,675) | (39,496) | (30,733) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 39,496 | 30,733 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (175,878) | (212,310) | (107,345) | (158,027) | 106,578 | 140,274 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 71 | 63,566 | (15,478) | 48,675 | ||||
| Income (loss) from continuing operations before income taxes: | (175,807) | (148,744) | (122,823) | (109,352) | 106,578 | 140,274 | ||
| Income tax expense (benefit) | 36,993 | 29,621 | 150,244 | 45,506 | (39,757) | (52,367) | ||
| Income (loss) from continuing operations: | (138,814) | (119,123) | 27,421 | (63,846) | 66,821 | 87,907 | ||
| Income (loss) before gain (loss) on sale of properties: | (138,814) | (119,123) | 27,421 | (63,846) | 66,821 | 88,525 | ||
| Income from discontinued operations | 618 | |||||||
| Net income (loss) available to common stockholders, diluted: | (138,814) | (119,123) | 27,421 | (63,846) | 66,821 | 88,525 | ||
Comprehensive Income ($ in thousands)
| 3/31/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (138,814) | (119,123) | 27,421 | (63,846) | 66,821 | 88,525 | ||
| Comprehensive income (loss): | (138,814) | (119,123) | 27,421 | (63,846) | 66,821 | 88,525 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1,616) | (12,437) | (1,568) | 14,321 | (3,174) | (107) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (140,430) | (131,560) | 25,853 | (49,525) | 63,647 | 88,418 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.