Hercules Offshore Inc (HERO) financial statements (2021 and earlier)

Company profile

Business Address 9 GREENWAY PLAZA,
HOUSTON, TX 77046
State of Incorp. DE
Fiscal Year End December 31
SIC 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 208198259
Cash and cash equivalents 208198259
Receivables 166220168
Prepaid expense 2020
Deferred costs   8
Prepaid expense and other current assets28
Other current assets 617
Other undisclosed current assets 41115
Total current assets: 404467479
Noncurrent Assets
Property, plant and equipment 1,5751,8091,463
Long-term investments and receivables   38
Long-term investments   38
Deferred costs   12
Other noncurrent assets 2326
Prepaid expense and other noncurrent assets37
Other undisclosed noncurrent assets   (12)
Total noncurrent assets: 1,5981,8341,538
TOTAL ASSETS: 2,0022,3012,017
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 177198192
Accounts payable 538059
Accrued liabilities 668283
Employee-related liabilities 253734
Taxes payable   17
Interest and dividends payable 32  
Debt  1076
Deferred revenue and credits 92115
Other liabilities 133626
Other undisclosed current liabilities (35)(25)(48)
Total current liabilities: 164240261
Noncurrent Liabilities
Long-term debt and lease obligation 1,2111,211798
Long-term debt, excluding current maturities 1,2111,211798
Liabilities, other than long-term debt 122774
Deferred tax liabilities, net 41457
Other liabilities 81318
Total noncurrent liabilities: 1,2231,238872
Total liabilities: 1,3871,4781,134
Stockholders' equity
Stockholders' equity attributable to parent 615824883
Common stock 222
Treasury stock, value (57)(55)(53)
Additional paid in capital 2,1802,1712,160
Accumulated deficit (1,510)(1,294)(1,225)
Total stockholders' equity: 615824883
TOTAL LIABILITIES AND EQUITY: 2,0022,3012,017

Income statement (P&L) ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 900858710
Cost of revenue (731)(561)(642)
Gross profit: 16929767
Operating expenses (258)(246)(131)
Operating income (loss): (88)51(64)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 (0)(2)2
Interest and debt expense (101)(82)(82)
Loss from continuing operations before equity method investments, income taxes: (190)(32)(144)
Other undisclosed loss from continuing operations before income taxes (18)(5)(6)
Loss from continuing operations before income taxes: (208)(38)(150)
Income tax expense (benefit)(0)(9)1123
Loss from continuing operations:(0)(216)(27)(127)
Income from discontinued operations  3 
Loss before gain (loss) on sale of properties:(0)(216)(24)(127)
Other undisclosed net loss  (44) 
Net loss:(0)(216)(68)(127)
Net income attributable to noncontrolling interest  0 
Net loss available to common stockholders, diluted:(0)(216)(68)(127)

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(0)(216)(68)(127)
Comprehensive loss:(0)(216)(68)(127)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (0) 
Comprehensive loss, net of tax, attributable to parent:(0)(216)(68)(127)

Statements sources

The financial statements are based on the company's filings with the 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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