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:5103513491,100577401
Cash and cash equivalent217257232918488348
Short-term investments293941171998953
Other undisclosed cash, cash equivalents, and short-term investments    (16)(0) 
Restricted cash and investments695936184631
Receivables419404459229193496
Inventory, net of allowances, customer advances and progress billings118948884104150
Inventory118948884104150
Prepaid expense 101172596
Asset, held-for-sale, not part of disposal group  1471  
Other current assets 521821135
Other undisclosed current assets618541382227
Total current assets:1,1921,0071,0031,5879631,115
Noncurrent Assets
Operating lease, right-of-use asset6750394945 
Property, plant and equipment3,0162,9222,9613,1273,6464,502
Long-term investments and receivables1012652191353232
Long-term investments1012652191353232
Intangible assets, net (including goodwill)100106113119127170
Goodwill464646464683
Intangible assets, net (excluding goodwill)546167748187
Restricted cash and investments1,242     
Other noncurrent assets643221161721
Total noncurrent assets:4,5903,3753,3533,4483,8664,724
TOTAL ASSETS:5,7824,3824,3565,0344,8305,840
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities422394521383219410
Interest and dividends payable272727 
Taxes payable68   
Employee-related liabilities59   
Accounts payable1351311277236123
Accrued liabilities287263241283155287
Debt    483  
Other undisclosed current liabilities2525(126)   
Total current liabilities:447419395866219410
Noncurrent Liabilities
Long-term debt and lease obligation1,782545543542481479
Long-term debt, excluding current maturities1,782545543542481479
Liabilities, other than long-term debt636646653713811938
Deferred income tax liabilities495518538563651807
Disposal group, including discontinued operation, liabilities   221315
Other liabilities140128113148147116
Total noncurrent liabilities:2,4181,1911,1951,2551,2921,417
Total liabilities:2,8651,6101,5902,1221,5111,827
Equity
Equity, attributable to parent2,9172,7722,7652,9133,3194,012
Common stock111111111111
Treasury stock, value(489)(464)(236)(182)(198)(195)
Additional paid in capital518525528530522510
Accumulated other comprehensive loss(6)(8)(12)(20)(26)(29)
Retained earnings2,8842,7082,4742,5733,0103,714
Total equity:2,9172,7722,7652,9133,3194,012
TOTAL LIABILITIES AND EQUITY:5,7824,3824,3565,0344,8305,840

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
Revenues2,7572,8722,0591,2191,7742,798
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:765817270(148)114437
Operating expenses(313)(255)(225)(281)(734)(417)
Operating income (loss):45256245(429)(620)21
Nonoperating income (expense)2931(14)(13)(16)(72)
Investment income, nonoperating5540761714(45)
Other nonoperating income (expense)39(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:452576(29)(465)(661)(76)
Other undisclosed income from continuing operations before income taxes291760242425
Income (loss) from continuing operations before income taxes:48159331(441)(636)(51)
Income tax expense (benefit)(137)(159)(24)10414019
Income (loss) from continuing operations:3444347(337)(496)(33)
Income (loss) before gain (loss) on sale of properties:7(326)(494)(34)
Income (loss) from discontinued operations   0112(1)
Net income (loss) attributable to parent:3444347(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:3394285(328)(497)(37)
Dilutive securities, effect on basic earnings per share00    
Net income (loss) available to common stockholders, diluted:3394285(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):3444347(326)(494)(34)
Other comprehensive income2     
Other undisclosed comprehensive income      
Comprehensive income (loss):3464347(326)(494)(34)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 4862(12)
Comprehensive income (loss), net of tax, attributable to parent:34643815(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.

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