Hercules Offshore Inc (HERO) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments297 126143218208
Cash and cash equivalents297 126143218208
Receivables56 6894108166
Prepaid expense8 1722920
Other current assets4 4336
Other undisclosed current assets  7444
Total current assets:365 222267342404
Noncurrent Assets
Property, plant and equipment466 1,5261,5561,5681,575
Restricted cash and investments200     
Other noncurrent assets33 9212323
Total noncurrent assets:698 1,5361,5771,5921,598
TOTAL ASSETS:1,063 1,7581,8441,9332,002
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities74 95131140177
Accounts payable31 36454653
Accrued liabilities44 58545466
Employee-related liabilities     25
Interest and dividends payable   323932
Debt430  1,211  
Deferred revenue and credits  2559
Other liabilities17 8111213
Other undisclosed current liabilities  (2)(5)(5)(35)
Total current liabilities:521 1031,353152164
Noncurrent Liabilities
Long-term debt and lease obligation    1,2111,211
Long-term debt, excluding current maturities    1,2111,211
Liabilities, other than long-term debt4 22191212
Deferred tax liabilities, net  6444
Other liabilities4 161578
Total noncurrent liabilities:4 22191,2231,223
Total liabilities:526 1261,3721,3751,387
Stockholders' equity
Stockholders' equity attributable to parent537 377472559615
Common stock0 2222
Treasury stock, value(0) (57)(57)(57)(57)
Additional paid in capital588 2,1832,1822,1812,180
Accumulated deficit(51) (1,750)(1,655)(1,567)(1,510)
Total stockholders' equity:537 377472559615
Other undisclosed liabilities and equity  1,255   
TOTAL LIABILITIES AND EQUITY:1,063 1,7581,8441,9332,002

Income statement (P&L) ($ in millions)

3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
Revenues (276)7479123179
Revenue, net  7479123179
Cost of revenue  (110)(114)(137)(173)
Gross profit:  (37)(35)(14)6
Operating expenses  (32)(25)(16)(131)
Operating loss:  (69)(60)(30)(125)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
  0(0)0(0)
Interest and debt expense  (11)(25)(25)(27)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (14)(2)  
Loss from continuing operations before equity method investments, income taxes:  (94)(87)(54)(152)
Other undisclosed income from continuing operations before income taxes     2
Loss from continuing operations before income taxes:  (94)(87)(54)(151)
Income tax expense (benefit) 5(1)(1)(3)(4)
Other undisclosed income from continuing operations 236    
Net income (loss) available to common stockholders, diluted: 240(95)(88)(57)(154)

Comprehensive Income ($ in millions)

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

Statements sources

The financial statements are based on the company's filings with the 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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