Helmerich & Payne, Inc. (HP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
222 N. DETROIT AVE. TULSA, OK 74120 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 1381 - Drilling Oil and Gas Wells (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2024 MRQ | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 510 | 351 | 349 | 1,100 | 577 | 401 | |||
| Cash and cash equivalent | 217 | 257 | 232 | 918 | 488 | 348 | |||
| Short-term investments | 293 | 94 | 117 | 199 | 89 | 53 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | (16) | (0) | |||||||
| Restricted cash and investments | 69 | 59 | 36 | 18 | 46 | 31 | |||
| Receivables | 419 | 404 | 459 | 229 | 193 | 496 | |||
| Inventory, net of allowances, customer advances and progress billings | 118 | 94 | 88 | 84 | 104 | 150 | |||
| Inventory | 118 | 94 | 88 | 84 | 104 | 150 | |||
| Prepaid expense | 10 | 11 | 7 | 25 | 9 | 6 | |||
| Asset, held-for-sale, not part of disposal group | 1 | 4 | 71 | ||||||
| Other current assets | 5 | 2 | 18 | 21 | 13 | 5 | |||
| Other undisclosed current assets | 61 | 85 | 41 | 38 | 22 | 27 | |||
| Total current assets: | 1,192 | 1,007 | 1,003 | 1,587 | 963 | 1,115 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 67 | 50 | 39 | 49 | 45 | ||||
| Property, plant and equipment | 3,016 | 2,922 | 2,961 | 3,127 | 3,646 | 4,502 | |||
| Long-term investments and receivables | 101 | 265 | 219 | 135 | 32 | 32 | |||
| Long-term investments | 101 | 265 | 219 | 135 | 32 | 32 | |||
| Intangible assets, net (including goodwill) | 100 | 106 | 113 | 119 | 127 | 170 | |||
| Goodwill | 46 | 46 | 46 | 46 | 46 | 83 | |||
| Intangible assets, net (excluding goodwill) | 54 | 61 | 67 | 74 | 81 | 87 | |||
| Restricted cash and investments | 1,242 | ||||||||
| Other noncurrent assets | 64 | 32 | 21 | 16 | 17 | 21 | |||
| Total noncurrent assets: | 4,590 | 3,375 | 3,353 | 3,448 | 3,866 | 4,724 | |||
| TOTAL ASSETS: | 5,782 | 4,382 | 4,356 | 5,034 | 4,830 | 5,840 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 422 | 394 | 521 | 383 | 219 | 410 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 27 | 27 | 27 | |||
| Taxes payable | ✕ | ✕ | ✕ | 68 | |||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 59 | |||||
| Accounts payable | 135 | 131 | 127 | 72 | 36 | 123 | |||
| Accrued liabilities | 287 | 263 | 241 | 283 | 155 | 287 | |||
| Debt | 483 | ||||||||
| Other undisclosed current liabilities | 25 | 25 | (126) | ||||||
| Total current liabilities: | 447 | 419 | 395 | 866 | 219 | 410 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,782 | 545 | 543 | 542 | 481 | 479 | |||
| Long-term debt, excluding current maturities | 1,782 | 545 | 543 | 542 | 481 | 479 | |||
| Liabilities, other than long-term debt | 636 | 646 | 653 | 713 | 811 | 938 | |||
| Deferred income tax liabilities | 495 | 518 | 538 | 563 | 651 | 807 | |||
| Disposal group, including discontinued operation, liabilities | 2 | 2 | 13 | 15 | |||||
| Other liabilities | 140 | 128 | 113 | 148 | 147 | 116 | |||
| Total noncurrent liabilities: | 2,418 | 1,191 | 1,195 | 1,255 | 1,292 | 1,417 | |||
| Total liabilities: | 2,865 | 1,610 | 1,590 | 2,122 | 1,511 | 1,827 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,917 | 2,772 | 2,765 | 2,913 | 3,319 | 4,012 | |||
| Common stock | 11 | 11 | 11 | 11 | 11 | 11 | |||
| Treasury stock, value | (489) | (464) | (236) | (182) | (198) | (195) | |||
| Additional paid in capital | 518 | 525 | 528 | 530 | 522 | 510 | |||
| Accumulated other comprehensive loss | (6) | (8) | (12) | (20) | (26) | (29) | |||
| Retained earnings | 2,884 | 2,708 | 2,474 | 2,573 | 3,010 | 3,714 | |||
| Total equity: | 2,917 | 2,772 | 2,765 | 2,913 | 3,319 | 4,012 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,782 | 4,382 | 4,356 | 5,034 | 4,830 | 5,840 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 TTM | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,757 | 2,872 | 2,059 | 1,219 | 1,774 | 2,798 | ||
| Cost of revenue | (1,992) | (2,056) | (1,788) | (1,367) | (1,660) | (2,361) | ||
| Cost of product and service sold | (1,630) | (1,715) | (1,427) | (953) | (1,185) | (1,803) | ||
| Gross profit: | 765 | 817 | 270 | (148) | 114 | 437 | ||
| Operating expenses | (313) | (255) | (225) | (281) | (734) | (417) | ||
| Operating income (loss): | 452 | 562 | 45 | (429) | (620) | 21 | ||
| Nonoperating income (expense) | 29 | 31 | (14) | (13) | (16) | (72) | ||
| Investment income, nonoperating | 55 | 40 | 76 | 17 | 14 | (45) | ||
| Other nonoperating income (expense) | 3 | 9 | (11) | (6) | (5) | (2) | ||
| Interest and debt expense | (29) | (17) | (60) | (24) | (24) | (25) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 452 | 576 | (29) | (465) | (661) | (76) | ||
| Other undisclosed income from continuing operations before income taxes | 29 | 17 | 60 | 24 | 24 | 25 | ||
| Income (loss) from continuing operations before income taxes: | 481 | 593 | 31 | (441) | (636) | (51) | ||
| Income tax expense (benefit) | (137) | (159) | (24) | 104 | 140 | 19 | ||
| Income (loss) from continuing operations: | 344 | 434 | 7 | (337) | (496) | (33) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 7 | (326) | (494) | (34) | |
| Income (loss) from discontinued operations | 0 | 11 | 2 | (1) | ||||
| Net income (loss) attributable to parent: | 344 | 434 | 7 | (326) | (494) | (34) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (5) | (6) | (2) | (1) | (3) | (3) | ||
| Net income (loss) available to common stockholders, basic: | 339 | 428 | 5 | (328) | (497) | (37) | ||
| Dilutive securities, effect on basic earnings per share | 0 | 0 | ||||||
| Net income (loss) available to common stockholders, diluted: | 339 | 428 | 5 | (328) | (497) | (37) | ||
Comprehensive Income ($ in millions)
| 12/31/2024 TTM | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 344 | 434 | 7 | (326) | (494) | (34) | ||
| Other comprehensive income | 2 | |||||||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive income (loss): | 346 | 434 | 7 | (326) | (494) | (34) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 4 | 8 | 6 | 2 | (12) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 346 | 438 | 15 | (320) | (492) | (46) | ||
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.