Hornbeck Offshore Services (HOS) financial statements (2021 and earlier)

Company profile

Business Address 103 NORTHPARK BOULEVARD
COVINGTON, LA 70433
State of Incorp. DE
Fiscal Year End December 31
SIC 44 - Water Transportation (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 investments121225187217260185439
Cash and cash equivalents121225187217260185439
Receivables675545379113194
Disposal group, including discontinued operation     02
Other current assets21201717132014
Other undisclosed current assets     4672
Total current assets:209300248271364382621
Noncurrent Assets
Operating lease, right-of-use asset23
Property, plant and equipment2,3432,4352,5012,5782,5752,4592,125
Restricted cash and investments52      
Deferred costs36231319356974
Other noncurrent assets68710101213
Assets of disposal group, including discontinued operation1
Total noncurrent assets:2,4602,4652,5202,6082,6202,5402,214
TOTAL ASSETS:2,6692,7652,7692,8782,9842,9222,834
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities71654945808166
Accounts payable30271612364253
Accrued liabilities1210810189 
Employee-related liabilities121299111513
Interest and dividends payable171615151515 
Debt1,26796     
Disposal group, including discontinued operation     00
Deferred revenue and credits  629
Other undisclosed current liabilities      26
Total current liabilities:1,33716149458683102
Noncurrent Liabilities
Long-term debt and lease obligation241,1241,0811,0841,0701,0731,064
Long-term debt, excluding current maturities 1,1241,0811,0841,0701,0731,064
Operating lease, liability24
Liabilities, other than long-term debt1353201346382395373
Deferred tax liabilities, net 197343382392368
Deferred income tax liabilities133
Disposal group, including discontinued operation, liabilities     20
Other liabilities2343114
Other undisclosed noncurrent liabilities 169     
Total noncurrent liabilities:1591,2951,2821,4301,4531,4691,437
Total liabilities:1,4961,4571,3311,4751,5381,5521,539
Stockholders' equity
Stockholders' equity attributable to parent1,1721,3081,4381,4031,4461,3711,295
Common stock0000000
Additional paid in capital767762760754748736724
Accumulated other comprehensive income (loss)(4)(4)910(4)(1)(1)
Retained earnings409549669638702635571
Total stockholders' equity:1,1721,3081,4381,4031,4461,3711,295
TOTAL LIABILITIES AND EQUITY:2,6692,7652,7692,8782,9842,9222,834

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
Revenues226212191224476635548
Revenue, net191224   
Cost of revenue(114)(109)(112)(114)(109)(116)(88)
Gross profit:11110480111367519461
Operating expenses(218)(191)(168)(175)(268)(350)(291)
Other undisclosed operating income (loss)00(0)04412
Operating income (loss):(107)(87)(89)(64)144169171
Nonoperating expense(69)(61)(34)(45)(37)(29)(71)
Interest and debt expense(0)(64)15(49)(39)(31)(73)
Other undisclosed income from continuing operations before equity method investments, income taxes    393173
Income (loss) from continuing operations before equity method investments, income taxes:(176)(212)(107)(158)107140100
Other undisclosed income (loss) from continuing operations before income taxes064(15)49   
Income (loss) from continuing operations before income taxes:(176)(149)(123)(109)107140100
Income tax expense (benefit)373015046(40)(52)(36)
Income (loss) from continuing operations:(139)(119)27(64)678864
Income from discontinued operations     1 
Net income (loss):(139)(119)27(64)678964
Other undisclosed net income attributable to parent      47
Net income (loss) available to common stockholders, diluted:(139)(119)27(64)6789111

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):(139)(119)27(64)678964
Comprehensive income (loss):(139)(119)27(64)678964
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)(12)(2)14(3)(0)47
Comprehensive income (loss), net of tax, attributable to parent:(140)(132)26(50)6488111

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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