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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments208279267357494476478
Cash and cash equivalents208279267357494476478
Restricted cash and investments54      
Receivables766811310276132157
Prepaid expense     2421
Derivative instruments and hedges, assets      0
Deferred tax assets  175431 
Other current assets50524237405130
Other undisclosed current assets5052301020(21)58
Total current assets:438451452523684694744
Noncurrent Assets
Operating lease, right-of-use asset201
Property, plant and equipment1,8731,8271,8061,6521,6031,7351,528
Long-term investments and receivables    26160158
Long-term investments    26150158
Accounts and financing receivable, after allowance for credit loss     10 
Intangible assets, net (including goodwill)    456364
Goodwill    456263
Intangible assets, net (excluding goodwill)     11
Deposits noncurrent assets     13 
Deferred costs     2324
Other noncurrent assets857010573545951
Other undisclosed noncurrent assets     (47)(25)
Total noncurrent assets:2,1581,8971,9111,7241,7282,0061,801
TOTAL ASSETS:2,5972,3482,3632,2472,4122,7012,544
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities131144156119137260224
Accounts payable69558160658373
Accrued liabilities628672597210596
Employee-related liabilities     6151
Taxes payable 43  65
Interest and dividends payable     4 
Debt1544711068722820
Derivative instruments and hedges, liabilities     133
Asset retirement obligation     12
Deferred revenue and credits   1120
Billings in excess of cost    2
Other undisclosed current liabilities    2(88)(81)
Total current liabilities:285191266186211226190
Noncurrent Liabilities
Long-term debt and lease obligation458393386558690523546
Long-term debt, excluding current maturities306393386558690523546
Operating lease, liability152
Liabilities, other than long-term debt39145144220232298289
Deferred tax liabilities, net106103167181260266
Liability for uncertainty in income taxes      5
Other liabilities39404153513818
Other undisclosed noncurrent liabilities112     (5)
Total noncurrent liabilities:609538530779922822830
Total liabilities:8947307959651,1331,0471,020
Temporary equity, carrying amount3      
Stockholders' equity
Stockholders' equity attributable to parent1,7001,6181,5671,2821,2791,6531,499
Common stock1,3191,3091,2841,056946934934
Accumulated other comprehensive loss(65)(74)(70)(97)(71)(62)(21)
Retained earnings445383353323404781586
Stockholders' equity attributable to noncontrolling interest      25
Total stockholders' equity:1,7001,6181,5671,2821,2791,6531,524
TOTAL LIABILITIES AND EQUITY:2,5972,3482,3632,2472,4122,7012,544

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues7527405814886961,107877
Revenue, net5814886961,107 
Cost of revenue(614)(618)(519)(441)(930)(763)(616)
Cost of goods and services sold (27)(519)(441)(585)(808)(647)
Gross profit:1381226247(234)344261
Operating expenses(70)(70)(63)(110)(57)(82)(73)
Other undisclosed operating loss    (16) (9)
Operating income (loss):6852(1)(63)(307)262179
Nonoperating income (expense)1(6)(1)4(24)31
Foreign currency transaction gain, before tax     31
Other nonoperating income (expense)1(6)(1)4(24)10
Interest and debt expense(31)(34)(39)(49)(40)(33)(33)
Income (loss) from continuing operations before equity method investments, income taxes:3811(41)(108)(372)232147
Income (loss) from equity method investments1(4)(2)(2)(124)13
Other undisclosed income (loss) from continuing operations before income taxes262323171830(6)
Income (loss) from continuing operations before income taxes:6631(20)(94)(478)263144
Income tax expense (benefit)(8)(2)5012101(67)(32)
Income (loss) from continuing operations:582930(81)(377)196112
Income from discontinued operations      1
Net income (loss):582930(81)(377)196113
Net income (loss) attributable to noncontrolling interest0    (1)(3)
Net income (loss) attributable to parent:582930(81)(377)195110
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)
Net income (loss) available to common stockholders, basic:572830(81)(377)195110
Other undisclosed net income (loss) available to common stockholders, diluted 0   (1)(2)
Net income (loss) available to common stockholders, diluted:572830(81)(377)194108

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):582930(81)(377)196113
Other comprehensive income (loss)9(3)27(26)(9)(42)(5)
Comprehensive income (loss):672657(108)(386)154108
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0    (1)3
Other undisclosed comprehensive loss, net of tax, attributable to parent      (6)
Comprehensive income (loss), net of tax, attributable to parent:672657(108)(386)153105

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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