Helix Energy Solutions Group Inc. (HLX) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3505 W SAM HOUSTON NORTH HOUSTON, TX 77043 |
| State of Incorp. | MN |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 332,191 | 186,604 | 253,515 | 291,320 | 208,431 | 279,459 | |||
| Cash and cash equivalent | 332,191 | 186,604 | 253,515 | 291,320 | 208,431 | 279,459 | |||
| Restricted cash and investments | 2,507 | 73,612 | 54,130 | ||||||
| Receivables | 280,427 | 212,779 | 144,137 | 132,233 | 75,646 | 67,932 | |||
| Other current assets | 85,223 | 58,699 | 58,274 | 102,092 | 50,450 | 51,594 | |||
| Other undisclosed current assets | 49,811 | 51,943 | |||||||
| Total current assets: | 697,841 | 460,589 | 529,538 | 525,645 | 438,468 | 450,928 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 169,233 | 197,849 | 104,190 | 149,656 | 201,118 | ✕ | |||
| Property, plant and equipment | 1,572,849 | 1,641,615 | 1,657,645 | 1,782,964 | 1,872,637 | 1,826,745 | |||
| Other noncurrent assets | 44,823 | 50,507 | 34,655 | 40,013 | 84,508 | 70,057 | |||
| Other undisclosed noncurrent assets | 71,290 | 38,778 | |||||||
| Total noncurrent assets: | 1,858,195 | 1,928,749 | 1,796,490 | 1,972,633 | 2,158,263 | 1,896,802 | |||
| TOTAL ASSETS: | 2,556,036 | 2,389,338 | 2,326,028 | 2,498,278 | 2,596,731 | 2,347,730 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 337,664 | 208,841 | 179,671 | 137,057 | 131,444 | 144,236 | |||
| Taxes payable | ✕ | ✕ | ✕ | 3,829 | |||||
| Accounts payable | 134,552 | 135,267 | 87,959 | 50,022 | 69,055 | 54,813 | |||
| Accrued liabilities | 203,112 | 73,574 | 91,712 | 87,035 | 62,389 | 85,594 | |||
| Debt | 48,292 | 38,200 | 42,873 | 90,651 | 153,516 | 47,252 | |||
| Other undisclosed current liabilities | 62,662 | 50,914 | 55,739 | 51,599 | |||||
| Total current liabilities: | 448,618 | 297,955 | 278,283 | 279,307 | 284,960 | 191,488 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 313,430 | 225,875 | 312,335 | 359,921 | 457,949 | 393,063 | |||
| Long-term debt, excluding current maturities | 313,430 | 225,875 | 262,137 | 258,912 | 306,122 | 393,063 | |||
| Liabilities, other than long-term debt | 292,988 | 348,799 | 87,941 | 114,699 | 38,644 | 145,400 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 105,862 | ||
| Deferred income tax liabilities | 110,555 | 98,883 | 86,966 | 110,821 | ✕ | ||||
| Other liabilities | 66,248 | 95,230 | 975 | 3,878 | 38,644 | 39,538 | |||
| Operating lease, liability | 116,185 | 154,686 | 50,198 | 101,009 | 151,827 | ✕ | |||
| Other undisclosed noncurrent liabilities | 112,132 | ||||||||
| Total noncurrent liabilities: | 606,418 | 574,674 | 400,276 | 474,620 | 608,725 | 538,463 | |||
| Total liabilities: | 1,055,036 | 872,629 | 678,559 | 753,927 | 893,685 | 729,951 | |||
| Temporary equity, including noncontrolling interest | 3,855 | 3,455 | |||||||
| Equity | |||||||||
| Equity, attributable to parent | 1,501,000 | 1,516,709 | 1,647,469 | 1,740,496 | 1,699,591 | 1,617,779 | |||
| Common stock | 1,271,565 | 1,298,740 | 1,292,479 | 1,327,592 | 1,318,961 | 1,308,709 | |||
| Accumulated other comprehensive loss | (83,015) | (105,319) | (56,082) | (51,620) | (64,740) | (73,964) | |||
| Retained earnings | 312,450 | 323,288 | 411,072 | 464,524 | 445,370 | 383,034 | |||
| Total equity: | 1,501,000 | 1,516,709 | 1,647,469 | 1,740,496 | 1,699,591 | 1,617,779 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,556,036 | 2,389,338 | 2,326,028 | 2,498,278 | 2,596,731 | 2,347,730 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,289,728 | 873,100 | 674,728 | 733,555 | 751,909 | 739,818 | ||
| Cost of revenue | (1,089,372) | (822,484) | (659,335) | (653,646) | (614,071) | (618,134) | ||
| Gross profit: | 200,356 | 50,616 | 15,393 | 79,909 | 137,838 | 121,684 | ||
| Operating expenses | (94,600) | (79,417) | (64,080) | (66,884) | (69,841) | (70,141) | ||
| Other undisclosed operating loss | (42,246) | (16,054) | ||||||
| Operating income (loss): | 63,510 | (44,855) | (48,687) | 13,025 | 67,997 | 51,543 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (3,590) | (23,330) | (1,490) | 4,724 | 1,165 | (6,324) | ||
| Interest and debt expense | (58,636) | (20,176) | (23,625) | (21,299) | (31,204) | (33,800) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,284 | (88,361) | (73,802) | (3,550) | 37,958 | 11,419 | ||
| Income (loss) from equity method investments | 8,262 | (1) | 216 | 1,439 | (3,918) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | 6,230 | 4,918 | 3,161 | 4,717 | 26,159 | 23,497 | ||
| Income (loss) from continuing operations before income taxes: | 7,514 | (75,181) | (70,642) | 1,383 | 65,556 | 30,998 | ||
| Income tax expense (benefit) | (18,352) | (12,603) | 8,958 | 18,701 | (7,859) | (2,400) | ||
| Income (loss) from continuing operations: | (10,838) | (87,784) | (61,684) | 20,084 | 57,697 | 28,598 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (61,684) | 20,084 | 57,697 | 28,598 | |
| Net income (loss): | (10,838) | (87,784) | (61,684) | 20,084 | 57,697 | 28,598 | ||
| Net income attributable to noncontrolling interest | 146 | 2,090 | 222 | |||||
| Net income (loss) attributable to parent: | (10,838) | (87,784) | (61,538) | 22,174 | 57,919 | 28,598 | ||
| Preferred stock dividends and other adjustments | (241) | (2,400) | ||||||
| Undistributed earnings (loss) allocated to participating securities, basic | (140) | (487) | (273) | |||||
| Net income (loss) available to common stockholders, basic: | (10,838) | (87,784) | (61,779) | 19,634 | 57,432 | 28,325 | ||
| Other undisclosed net income available to common stockholders, diluted | 1 | |||||||
| Net income (loss) available to common stockholders, diluted: | (10,838) | (87,784) | (61,779) | 19,634 | 57,432 | 28,326 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (10,838) | (87,784) | (61,684) | 20,084 | 57,697 | 28,598 | ||
| Other comprehensive income (loss) | 22,304 | (49,237) | (4,462) | 13,120 | 9,224 | (2,647) | ||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income (loss): | 11,466 | (137,021) | (66,146) | 33,204 | 66,921 | 25,951 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 96 | 2,000 | 84 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 11,466 | (137,021) | (66,050) | 35,204 | 67,005 | 25,951 | ||
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.