Hercules Offshore Inc (HERO) Financial Statements (2024 and earlier)

Company Profile

Business Address 9 GREENWAY PLAZA,
HOUSTON, TX 77046
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2016
MRQ
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  207,937198,406259,193
Cash and cash equivalents  207,937198,406259,193
Receivables  166,359220,139167,936
Prepaid expense  19,58520,395
Deferred costs    7,653
Other current assets  5,95517,363
Prepaid expense and other current assets28,326
Other undisclosed current assets  4,46110,87615,499
Total current assets:  404,297467,179478,607
Noncurrent Assets
Property, plant and equipment  1,574,7491,808,5261,462,755
Long-term investments and receivables    38,191
Long-term investments    38,191
Deferred costs    12,100
Other noncurrent assets  23,36125,743
Prepaid expense and other noncurrent assets37,077
Other undisclosed noncurrent assets    (12,100)
Total noncurrent assets:  1,598,1101,834,2691,538,023
TOTAL ASSETS:  2,002,4072,301,4482,016,630
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  176,510198,030192,420
Interest and dividends payable  32,008  
Taxes payable    16,958
Employee-related liabilities  25,46036,51234,066
Accounts payable  52,95280,01858,615
Accrued liabilities  66,09081,50082,781
Debt   9,56876,177
Other liabilities  13,40635,73526,483
Deferred revenue and credits  9,43921,48014,546
Other undisclosed current liabilities  (34,899)(24,925)(48,203)
Total current liabilities:  164,456239,888261,423
Noncurrent Liabilities
Long-term debt and lease obligation  1,210,9191,210,676798,013
Long-term debt, excluding current maturities  1,210,9191,210,676798,013
Liabilities, other than long-term debt  12,00127,18474,432
Deferred tax liabilities, net  4,14714,45256,821
Other liabilities  7,85412,73217,611
Total noncurrent liabilities:  1,222,9201,237,860872,445
Total liabilities:  1,387,3761,477,7481,133,868
Equity
Equity, attributable to parent  615,031823,700882,762
Common stock  1,6351,6211,607
Treasury stock, value  (56,765)(55,165)(53,100)
Additional paid in capital  2,179,8382,170,8112,159,744
Accumulated deficit  (1,509,677)(1,293,567)(1,225,489)
Total equity:  615,031823,700882,762
TOTAL LIABILITIES AND EQUITY:  2,002,4072,301,4482,016,630

Income Statement (P&L) ($ in thousands)

3/31/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
  900,251858,300709,792
Cost of revenue  (731,105)(560,908)(642,397)
Gross profit:  169,146297,39267,395
Operating expenses  (257,645)(245,960)(130,972)
Operating income (loss):  (88,499)51,432(63,577)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
  (39)(1,518)1,896
Interest and debt expense  (101,042)(82,260)(81,910)
Loss from continuing operations before equity method investments, income taxes:  (189,580)(32,346)(143,591)
Other undisclosed loss from continuing operations before income taxes  (18,025)(5,407)(6,418)
Loss from continuing operations before income taxes:  (207,605)(37,753)(150,009)
Income tax expense (benefit) (300)(8,505)10,94423,005
Loss from continuing operations: (300)(216,110)(26,809)(127,004)
Loss before gain (loss) on sale of properties: (300)(216,110)(24,222)(127,004)
Income from discontinued operations   2,587 
Other undisclosed net loss   (43,895) 
Net loss: (300)(216,110)(68,117)(127,004)
Net income attributable to noncontrolling interest   39 
Net loss available to common stockholders, diluted: (300)(216,110)(68,078)(127,004)

Comprehensive Income ($ in thousands)

3/31/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss: (300)(216,110)(68,117)(127,004)
Comprehensive loss: (300)(216,110)(68,117)(127,004)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (39) 
Comprehensive loss, net of tax, attributable to parent: (300)(216,110)(68,156)(127,004)

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.

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