Helix Energy Solutions Group, Inc. (HLX) financial statements (2021 and earlier)
Company profile
| Business Address |
3505 W SAM HOUSTON NORTH HOUSTON, TX 77043 |
| State of Incorp. | MN |
| Fiscal Year End | December 31 |
| 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 millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 291 | 208 | 279 | 267 | 357 | 494 | 476 | ||
| Cash and cash equivalents | 291 | 208 | 279 | 267 | 357 | 494 | 476 | ||
| Restricted cash and investments | 54 | ||||||||
| Receivables | 132 | 76 | 68 | 113 | 102 | 76 | 132 | ||
| Prepaid expense | 24 | ||||||||
| Deferred tax assets | ✕ | ✕ | 17 | 54 | 31 | ||||
| Other current assets | 102 | 50 | 52 | 42 | 37 | 40 | 51 | ||
| Other undisclosed current assets | 50 | 52 | 30 | 10 | 20 | (21) | |||
| Total current assets: | 526 | 438 | 451 | 452 | 523 | 684 | 694 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 150 | 201 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,783 | 1,873 | 1,827 | 1,806 | 1,652 | 1,603 | 1,735 | ||
| Long-term investments and receivables | 26 | 160 | |||||||
| Long-term investments | 26 | 150 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 10 | ||||||||
| Intangible assets, net (including goodwill) | 45 | 63 | |||||||
| Goodwill | 45 | 62 | |||||||
| Intangible assets, net (excluding goodwill) | 1 | ||||||||
| Deposits noncurrent assets | 13 | ||||||||
| Deferred costs | 23 | ||||||||
| Other noncurrent assets | 40 | 85 | 70 | 105 | 73 | 54 | 59 | ||
| Other undisclosed noncurrent assets | (47) | ||||||||
| Total noncurrent assets: | 1,973 | 2,158 | 1,897 | 1,911 | 1,724 | 1,728 | 2,006 | ||
| TOTAL ASSETS: | 2,498 | 2,597 | 2,348 | 2,363 | 2,247 | 2,412 | 2,701 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 137 | 131 | 144 | 156 | 119 | 137 | 260 | ||
| Accounts payable | 50 | 69 | 55 | 81 | 60 | 65 | 83 | ||
| Accrued liabilities | 87 | 62 | 86 | 72 | 59 | 72 | 105 | ||
| Employee-related liabilities | 61 | ||||||||
| Taxes payable | 4 | 3 | 6 | ||||||
| Interest and dividends payable | 4 | ||||||||
| Debt | 91 | 154 | 47 | 110 | 68 | 72 | 28 | ||
| Derivative instruments and hedges, liabilities | 13 | ||||||||
| Asset retirement obligation | 1 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 11 | |||||
| Other undisclosed current liabilities | 52 | 2 | (88) | ||||||
| Total current liabilities: | 279 | 285 | 191 | 266 | 186 | 211 | 226 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 360 | 458 | 393 | 386 | 558 | 690 | 523 | ||
| Long-term debt, excluding current maturities | 259 | 306 | 393 | 386 | 558 | 690 | 523 | ||
| Operating lease, liability | 101 | 152 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 115 | 39 | 145 | 144 | 220 | 232 | 298 | ||
| Deferred tax liabilities, net | ✕ | ✕ | 106 | 103 | 167 | 181 | 260 | ||
| Deferred income tax liabilities | 111 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 4 | 39 | 40 | 41 | 53 | 51 | 38 | ||
| Other undisclosed noncurrent liabilities | 112 | ||||||||
| Total noncurrent liabilities: | 475 | 609 | 538 | 530 | 779 | 922 | 822 | ||
| Total liabilities: | 754 | 894 | 730 | 795 | 965 | 1,133 | 1,047 | ||
| Temporary equity, carrying amount | 4 | 3 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,740 | 1,700 | 1,618 | 1,567 | 1,282 | 1,279 | 1,653 | ||
| Common stock | 1,328 | 1,319 | 1,309 | 1,284 | 1,056 | 946 | 934 | ||
| Accumulated other comprehensive loss | (52) | (65) | (74) | (70) | (97) | (71) | (62) | ||
| Retained earnings | 465 | 445 | 383 | 353 | 323 | 404 | 781 | ||
| Total stockholders' equity: | 1,740 | 1,700 | 1,618 | 1,567 | 1,282 | 1,279 | 1,653 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,498 | 2,597 | 2,348 | 2,363 | 2,247 | 2,412 | 2,701 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 734 | 752 | 740 | 581 | 488 | 696 | 1,107 | |
| Revenue, net | ✕ | ✕ | ✕ | 581 | 488 | 696 | 1,107 | |
| Cost of revenue | (654) | (614) | (618) | (519) | (441) | (930) | (763) | |
| Cost of goods and services sold | (27) | (519) | (441) | (585) | (808) | |||
| Gross profit: | 80 | 138 | 122 | 62 | 47 | (234) | 344 | |
| Operating expenses | (67) | (70) | (70) | (63) | (110) | (57) | (82) | |
| Other undisclosed operating loss | (16) | |||||||
| Operating income (loss): | 13 | 68 | 52 | (1) | (63) | (307) | 262 | |
| Nonoperating income (expense) | 5 | 1 | (6) | (1) | 4 | (24) | 3 | |
| Foreign currency transaction gain, before tax | 3 | |||||||
| Other nonoperating income (expense) | 5 | 1 | (6) | (1) | 4 | (24) | 1 | |
| Interest and debt expense | (21) | (31) | (34) | (39) | (49) | (40) | (33) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (4) | 38 | 11 | (41) | (108) | (372) | 232 | |
| Income (loss) from equity method investments | 0 | 1 | (4) | (2) | (2) | (124) | 1 | |
| Other undisclosed income from continuing operations before income taxes | 5 | 26 | 23 | 23 | 17 | 18 | 30 | |
| Income (loss) from continuing operations before income taxes: | 1 | 66 | 31 | (20) | (94) | (478) | 263 | |
| Income tax expense (benefit) | 19 | (8) | (2) | 50 | 12 | 101 | (67) | |
| Net income (loss): | 20 | 58 | 29 | 30 | (81) | (377) | 196 | |
| Net income (loss) attributable to noncontrolling interest | 2 | 0 | (1) | |||||
| Net income (loss) attributable to parent: | 22 | 58 | 29 | 30 | (81) | (377) | 195 | |
| Preferred stock dividends and other adjustments | (2) | |||||||
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | (0) | (0) | (0) | ✕ | ✕ | ✕ | |
| Net income (loss) available to common stockholders, basic: | 20 | 57 | 28 | 30 | (81) | (377) | 195 | |
| Other undisclosed net income (loss) available to common stockholders, diluted | 0 | (1) | ||||||
| Net income (loss) available to common stockholders, diluted: | 20 | 57 | 28 | 30 | (81) | (377) | 194 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 20 | 58 | 29 | 30 | (81) | (377) | 196 | |
| Other comprehensive income (loss) | 13 | 9 | (3) | 27 | (26) | (9) | (42) | |
| Comprehensive income (loss): | 33 | 67 | 26 | 57 | (108) | (386) | 154 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 2 | 0 | (1) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 35 | 67 | 26 | 57 | (108) | (386) | 153 | |
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.