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 investments291208279267357494476
Cash and cash equivalents291208279267357494476
Restricted cash and investments 54     
Receivables132766811310276132
Prepaid expense      24
Deferred tax assets  175431
Other current assets102505242374051
Other undisclosed current assets 5052301020(21)
Total current assets:526438451452523684694
Noncurrent Assets
Operating lease, right-of-use asset150201
Property, plant and equipment1,7831,8731,8271,8061,6521,6031,735
Long-term investments and receivables     26160
Long-term investments     26150
Accounts and financing receivable, after allowance for credit loss      10
Intangible assets, net (including goodwill)     4563
Goodwill     4562
Intangible assets, net (excluding goodwill)      1
Deposits noncurrent assets      13
Deferred costs      23
Other noncurrent assets408570105735459
Other undisclosed noncurrent assets      (47)
Total noncurrent assets:1,9732,1581,8971,9111,7241,7282,006
TOTAL ASSETS:2,4982,5972,3482,3632,2472,4122,701
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities137131144156119137260
Accounts payable50695581606583
Accrued liabilities876286725972105
Employee-related liabilities      61
Taxes payable  43  6
Interest and dividends payable      4
Debt9115447110687228
Derivative instruments and hedges, liabilities      13
Asset retirement obligation      1
Deferred revenue and credits   11
Other undisclosed current liabilities52    2(88)
Total current liabilities:279285191266186211226
Noncurrent Liabilities
Long-term debt and lease obligation360458393386558690523
Long-term debt, excluding current maturities259306393386558690523
Operating lease, liability101152
Liabilities, other than long-term debt11539145144220232298
Deferred tax liabilities, net106103167181260
Deferred income tax liabilities111 
Other liabilities4394041535138
Other undisclosed noncurrent liabilities 112     
Total noncurrent liabilities:475609538530779922822
Total liabilities:7548947307959651,1331,047
Temporary equity, carrying amount43     
Stockholders' equity
Stockholders' equity attributable to parent1,7401,7001,6181,5671,2821,2791,653
Common stock1,3281,3191,3091,2841,056946934
Accumulated other comprehensive loss(52)(65)(74)(70)(97)(71)(62)
Retained earnings465445383353323404781
Total stockholders' equity:1,7401,7001,6181,5671,2821,2791,653
TOTAL LIABILITIES AND EQUITY:2,4982,5972,3482,3632,2472,4122,701

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
Revenues7347527405814886961,107
Revenue, net5814886961,107
Cost of revenue(654)(614)(618)(519)(441)(930)(763)
Cost of goods and services sold  (27)(519)(441)(585)(808)
Gross profit:801381226247(234)344
Operating expenses(67)(70)(70)(63)(110)(57)(82)
Other undisclosed operating loss     (16) 
Operating income (loss):136852(1)(63)(307)262
Nonoperating income (expense)51(6)(1)4(24)3
Foreign currency transaction gain, before tax      3
Other nonoperating income (expense)51(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)3811(41)(108)(372)232
Income (loss) from equity method investments01(4)(2)(2)(124)1
Other undisclosed income from continuing operations before income taxes5262323171830
Income (loss) from continuing operations before income taxes:16631(20)(94)(478)263
Income tax expense (benefit)19(8)(2)5012101(67)
Net income (loss):20582930(81)(377)196
Net income (loss) attributable to noncontrolling interest20    (1)
Net income (loss) attributable to parent:22582930(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:20572830(81)(377)195
Other undisclosed net income (loss) available to common stockholders, diluted  0   (1)
Net income (loss) available to common stockholders, diluted:20572830(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):20582930(81)(377)196
Other comprehensive income (loss)139(3)27(26)(9)(42)
Comprehensive income (loss):33672657(108)(386)154
Comprehensive income (loss), net of tax, attributable to noncontrolling interest20    (1)
Comprehensive income (loss), net of tax, attributable to parent:35672657(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.

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