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
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 126,375143,373218,172207,937192,053
Cash and cash equivalents 126,375143,373218,172207,937192,053
Receivables 67,84294,176108,053166,359206,428
Prepaid expense 17,24221,5288,57119,58531,196
Other current assets 4,1113,4272,5575,9555,026
Other undisclosed current assets  6,5204,0094,4614,46110,876
Total current assets: 222,090266,513341,814404,297445,579
Noncurrent Assets
Property, plant and equipment 1,526,3361,555,9541,568,4851,574,7491,720,584
Restricted cash and investments      
Other noncurrent assets 9,33121,15723,15623,36125,451
Total noncurrent assets: 1,535,6671,577,1111,591,6411,598,1101,746,035
TOTAL ASSETS: 1,757,7571,843,6241,933,4552,002,4072,191,614
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 94,871131,275139,852176,510177,947
Interest and dividends payable   32,00539,13232,00839,416
Employee-related liabilities     25,460 
Accounts payable 36,37745,28346,42452,95267,121
Accrued liabilities 58,49453,98754,29666,09071,410
Debt  1,211,044   
Deferred revenue and credits  1,5325,3885,0889,43910,448
Other liabilities 8,32010,70412,17713,40614,160
Other undisclosed current liabilities  (1,532)(5,388)(5,088)(34,899)(10,448)
Total current liabilities: 103,1911,353,023152,029164,456192,107
Noncurrent Liabilities
Long-term debt and lease obligation    1,210,9811,210,9191,210,857
Long-term debt, excluding current maturities    1,210,9811,210,9191,210,857
Liabilities, other than long-term debt 22,42218,69911,88212,00121,239
Deferred tax liabilities, net  6,4593,9474,4034,14714,497
Other liabilities 15,96314,7527,4797,8546,742
Total noncurrent liabilities: 22,42218,6991,222,8631,222,9201,232,096
Total liabilities: 125,6131,371,7221,374,8921,387,3761,424,203
Equity
Equity, attributable to parent 377,299471,902558,563615,031767,411
Common stock 1,6461,6461,6441,6351,635
Treasury stock, value (56,943)(56,942)(56,939)(56,765)(56,761)
Additional paid in capital 2,182,9892,182,2402,180,6502,179,8382,178,095
Accumulated deficit (1,750,393)(1,655,042)(1,566,792)(1,509,677)(1,355,558)
Total equity: 377,299471,902558,563615,031767,411
Other undisclosed liabilities and equity  1,254,845    
TOTAL LIABILITIES AND EQUITY: 1,757,7571,843,6241,933,4552,002,4072,191,614

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

3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
Revenues (275,672)73,80479,249122,619178,670221,884
Revenue, net  73,80479,249122,619178,670221,884
Cost of revenue  (110,499)(114,442)(136,817)(172,955)(190,616)
Gross profit:  (36,695)(35,193)(14,198)5,71531,268
Operating expenses  (31,839)(24,990)(15,760)(131,037)(102,166)
Operating loss:  (68,534)(60,183)(29,958)(125,322)(70,898)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
  51(200)420(235)(168)
Interest and debt expense  (11,476)(24,737)(24,960)(26,878)(25,194)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (14,309)(1,884)   
Loss from continuing operations before equity method investments, income taxes:  (94,268)(87,004)(54,498)(152,435)(96,260)
Other undisclosed income from continuing operations before income taxes     1,900 
Loss from continuing operations before income taxes:  (94,268)(87,004)(54,498)(150,535)(96,260)
Income tax expense (benefit) 4,646(1,083)(1,246)(2,617)(3,584)7,707
Other undisclosed income from continuing operations 235,770     
Income (loss) from continuing operations: 240,416(95,351)(88,250)(57,115)(154,119)(88,553)
Income (loss) before gain (loss) on sale of properties: 240,416(95,351)(88,250)(57,115)(154,119)(88,553)
Net income (loss) available to common stockholders, diluted: 240,416(95,351)(88,250)(57,115)(154,119)(88,553)

Comprehensive Income ($ in thousands)

3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
Net income (loss): 240,416(95,351)(88,250)(57,115)(154,119)(88,553)
Comprehensive income (loss), net of tax, attributable to parent: 240,416(95,351)(88,250)(57,115)(154,119)(88,553)

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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