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)Annual | Quarterly
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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 126,375 | 143,373 | 218,172 | 207,937 | 192,053 | ||||
Cash and cash equivalents | 126,375 | 143,373 | 218,172 | 207,937 | 192,053 | ||||
Receivables | 67,842 | 94,176 | 108,053 | 166,359 | 206,428 | ||||
Prepaid expense | 17,242 | 21,528 | 8,571 | 19,585 | 31,196 | ||||
Other current assets | 4,111 | 3,427 | 2,557 | 5,955 | 5,026 | ||||
Other undisclosed current assets | 6,520 | 4,009 | 4,461 | 4,461 | 10,876 | ||||
Total current assets: | 222,090 | 266,513 | 341,814 | 404,297 | 445,579 | ||||
Noncurrent Assets | |||||||||
Property, plant and equipment | 1,526,336 | 1,555,954 | 1,568,485 | 1,574,749 | 1,720,584 | ||||
Restricted cash and investments | |||||||||
Other noncurrent assets | 9,331 | 21,157 | 23,156 | 23,361 | 25,451 | ||||
Total noncurrent assets: | 1,535,667 | 1,577,111 | 1,591,641 | 1,598,110 | 1,746,035 | ||||
TOTAL ASSETS: | 1,757,757 | 1,843,624 | 1,933,455 | 2,002,407 | 2,191,614 | ||||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 94,871 | 131,275 | 139,852 | 176,510 | 177,947 | ||||
Interest and dividends payable | 32,005 | 39,132 | 32,008 | 39,416 | |||||
Employee-related liabilities | 25,460 | ||||||||
Accounts payable | 36,377 | 45,283 | 46,424 | 52,952 | 67,121 | ||||
Accrued liabilities | 58,494 | 53,987 | 54,296 | 66,090 | 71,410 | ||||
Debt | 1,211,044 | ||||||||
Deferred revenue and credits | 1,532 | 5,388 | 5,088 | 9,439 | 10,448 | ||||
Other liabilities | 8,320 | 10,704 | 12,177 | 13,406 | 14,160 | ||||
Other undisclosed current liabilities | (1,532) | (5,388) | (5,088) | (34,899) | (10,448) | ||||
Total current liabilities: | 103,191 | 1,353,023 | 152,029 | 164,456 | 192,107 | ||||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 1,210,981 | 1,210,919 | 1,210,857 | ||||||
Long-term debt, excluding current maturities | 1,210,981 | 1,210,919 | 1,210,857 | ||||||
Liabilities, other than long-term debt | 22,422 | 18,699 | 11,882 | 12,001 | 21,239 | ||||
Deferred tax liabilities, net | 6,459 | 3,947 | 4,403 | 4,147 | 14,497 | ||||
Other liabilities | 15,963 | 14,752 | 7,479 | 7,854 | 6,742 | ||||
Total noncurrent liabilities: | 22,422 | 18,699 | 1,222,863 | 1,222,920 | 1,232,096 | ||||
Total liabilities: | 125,613 | 1,371,722 | 1,374,892 | 1,387,376 | 1,424,203 | ||||
Equity | |||||||||
Equity, attributable to parent | 377,299 | 471,902 | 558,563 | 615,031 | 767,411 | ||||
Common stock | 1,646 | 1,646 | 1,644 | 1,635 | 1,635 | ||||
Treasury stock, value | (56,943) | (56,942) | (56,939) | (56,765) | (56,761) | ||||
Additional paid in capital | 2,182,989 | 2,182,240 | 2,180,650 | 2,179,838 | 2,178,095 | ||||
Accumulated deficit | (1,750,393) | (1,655,042) | (1,566,792) | (1,509,677) | (1,355,558) | ||||
Total equity: | 377,299 | 471,902 | 558,563 | 615,031 | 767,411 | ||||
Other undisclosed liabilities and equity | 1,254,845 | ||||||||
TOTAL LIABILITIES AND EQUITY: | 1,757,757 | 1,843,624 | 1,933,455 | 2,002,407 | 2,191,614 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
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) | 73,804 | 79,249 | 122,619 | 178,670 | 221,884 | ||
Revenue, net | 73,804 | 79,249 | 122,619 | 178,670 | 221,884 | |||
Cost of revenue | (110,499) | (114,442) | (136,817) | (172,955) | (190,616) | |||
Gross profit: | (36,695) | (35,193) | (14,198) | 5,715 | 31,268 | |||
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)Annual | Quarterly
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.