Helix Energy Solutions Group, Inc. (HLX) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments254291208279267357494
Cash and cash equivalents254291208279267357494
Restricted cash and investments74 54    
Receivables144132766811310276
Deferred tax assets  1754
Other current assets581025052423740
Other undisclosed current assets  5052301020
Total current assets:530526438451452523684
Noncurrent Assets
Operating lease, right-of-use asset104150201
Property, plant and equipment1,6581,7831,8731,8271,8061,6521,603
Long-term investments and receivables      26
Long-term investments      26
Intangible assets, net (including goodwill)      45
Goodwill      45
Other noncurrent assets354085701057354
Total noncurrent assets:1,7961,9732,1581,8971,9111,7241,728
TOTAL ASSETS:2,3262,4982,5972,3482,3632,2472,412
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities180137131144156119137
Accounts payable88506955816065
Accrued liabilities92876286725972
Taxes payable   43  
Debt4391154471106872
Other undisclosed current liabilities5652    2
Total current liabilities:278279285191266186211
Noncurrent Liabilities
Long-term debt and lease obligation312360458393386558690
Long-term debt, excluding current maturities262259306393386558690
Operating lease, liability50101152
Liabilities, other than long-term debt8811539145144220232
Deferred tax liabilities, net106103167181
Deferred income tax liabilities87111 
Other liabilities143940415351
Other undisclosed noncurrent liabilities  112    
Total noncurrent liabilities:400475609538530779922
Total liabilities:6797548947307959651,133
Temporary equity, carrying amount 43    
Stockholders' equity
Stockholders' equity attributable to parent1,6471,7401,7001,6181,5671,2821,279
Common stock1,2921,3281,3191,3091,2841,056946
Accumulated other comprehensive loss(56)(52)(65)(74)(70)(97)(71)
Retained earnings411465445383353323404
Total stockholders' equity:1,6471,7401,7001,6181,5671,2821,279
TOTAL LIABILITIES AND EQUITY:2,3262,4982,5972,3482,3632,2472,412

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues675734752740581488696
Revenue, net581488696
Cost of revenue(659)(654)(614)(618)(519)(441)(930)
Cost of goods and services sold   (27)(519)(441)(585)
Gross profit:15801381226247(234)
Operating expenses(64)(67)(70)(70)(63)(110)(57)
Other undisclosed operating loss      (16)
Operating income (loss):(49)136852(1)(63)(307)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1)51(6)(1)4(24)
Interest and debt expense(24)(21)(31)(34)(39)(49)(40)
Income (loss) from continuing operations before equity method investments, income taxes:(74)(4)3811(41)(108)(372)
Income (loss) from equity method investments(0)01(4)(2)(2)(124)
Other undisclosed income from continuing operations before income taxes352623231718
Income (loss) from continuing operations before income taxes:(71)16631(20)(94)(478)
Income tax expense (benefit)919(8)(2)5012101
Net income (loss):(62)20582930(81)(377)
Net income attributable to noncontrolling interest020    
Net income (loss) attributable to parent:(62)22582930(81)(377)
Preferred stock dividends and other adjustments(0)(2)     
Undistributed earnings (loss) allocated to participating securities, basic (0)(0)(0)(0)
Net income (loss) available to common stockholders, basic:(62)20572830(81)(377)
Other undisclosed net income available to common stockholders, diluted   0   
Net income (loss) available to common stockholders, diluted:(62)20572830(81)(377)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(62)20582930(81)(377)
Other comprehensive income (loss)(4)139(3)27(26)(9)
Comprehensive income (loss):(66)33672657(108)(386)
Comprehensive income, net of tax, attributable to noncontrolling interest020    
Comprehensive income (loss), net of tax, attributable to parent:(66)35672657(108)(386)

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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