Helix Energy Solutions Group, Inc. (HLX) Financial Statements (2024 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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments182,651166,674186,604162,268260,595229,744
Cash and cash equivalents182,651166,674186,604162,268260,595229,744
Restricted cash and investments  2,5082,5072,5062,50572,934
Receivables253,147216,946212,779228,043153,314141,778
Other current assets76,21263,22858,69983,30168,99059,274
Total current assets:512,010449,356460,589476,118485,404503,730
Noncurrent Assets
Operating lease, right-of-use asset177,942191,051197,849209,351139,262150,894
Property, plant and equipment1,608,9881,626,1511,641,6151,607,8401,539,1731,610,052
Other noncurrent assets47,66249,07950,50762,18849,81442,694
Other undisclosed noncurrent assets77,24353,69738,778   
Total noncurrent assets:1,911,8351,919,9781,928,7491,879,3791,728,2491,803,640
TOTAL ASSETS:2,423,8452,369,3342,389,3382,355,4972,213,6532,307,370
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities288,546195,174208,841287,497184,896172,404
Interest and dividends payable2,116
Taxes payable1,614
Employee-related liabilities39,548
Accounts payable145,937134,363135,267131,89899,71697,531
Accrued liabilities142,60960,81173,574112,32185,18074,873
Debt38,49938,45238,20038,1548,13343,117
Other undisclosed current liabilities55,66754,40750,9144,82439,69741,464
Total current liabilities:382,712288,033297,955330,475232,726256,985
Noncurrent Liabilities
Long-term debt and lease obligation222,469222,008225,875392,343362,525371,003
Long-term debt, excluding current maturities222,469222,008225,875225,427258,977258,496
Liabilities, other than long-term debt286,736343,573348,799150,82586,61286,636
Deferred income tax liabilities99,86497,57798,88397,37386,41686,244
Other liabilities55,697100,81095,23053,452196392
Operating lease, liability131,175145,186154,686166,916103,548112,507
Total noncurrent liabilities:509,205565,581574,674543,168449,137457,639
Total liabilities:891,917853,614872,629873,643681,863714,624
Equity
Equity, attributable to parent1,531,9281,515,7201,516,7091,481,8541,531,7901,592,746
Common stock1,291,3071,294,4841,298,7401,297,2961,295,0161,292,935
Accumulated other comprehensive loss(84,602)(96,887)(105,319)(136,021)(102,568)(69,230)
Retained earnings325,223318,123323,288320,579339,342369,041
Total equity:1,531,9281,515,7201,516,7091,481,8541,531,7901,592,746
TOTAL LIABILITIES AND EQUITY:2,423,8452,369,3342,389,3382,355,4972,213,6532,307,370

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues308,817250,084287,816272,547162,612150,125
Cost of revenue(253,468)(234,900)(256,452)(233,332)(163,966)(168,734)
Gross profit:55,34915,18431,36439,215(1,354)(18,609)
Operating expenses(24,316)(19,495)(23,102)(24,325)(17,622)(14,368)
Other undisclosed operating loss(10,828)(3,992)(13,390)(2,664)  
Operating income (loss):20,205(8,303)(5,128)12,226(18,976)(32,977)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(5,740)3,44414,293(20,271)(13,471)(3,881)
Interest and debt expense(4,857)(4,869)(4,912)(4,923)(5,034)(5,307)
Income (loss) from continuing operations before equity method investments, income taxes:9,608(9,728)4,253(12,968)(37,481)(42,165)
Income from equity method investments    788,184 
Other undisclosed income from continuing operations before income taxes8042,5459856271,0322,274
Income (loss) from continuing operations before income taxes:10,412(7,183)5,238(12,263)(28,265)(39,891)
Income tax expense (benefit)(3,312)2,018(2,529)(6,500)(1,434)(2,140)
Income (loss) from continuing operations:7,100(5,165)2,709(18,763)(29,699)(42,031)
Loss before gain (loss) on sale of properties:(18,763)(29,699)(42,031)
Net income (loss) attributable to parent:7,100(5,165)2,709(18,763)(29,699)(42,031)
Undistributed earnings (loss) allocated to participating securities, basic(12)     
Net income (loss) available to common stockholders, basic:7,088(5,165)2,709(18,763)(29,699)(42,031)
Other undisclosed net income available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:7,088(5,165)2,709(18,763)(29,699)(42,031)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):7,100(5,165)2,709(18,763)(29,699)(42,031)
Other comprehensive income (loss)12,2858,43230,702(33,453)(33,338)(13,148)
Comprehensive income (loss), net of tax, attributable to parent:19,3853,26733,411(52,216)(63,037)(55,179)

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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