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)

9/30/2019
TTM
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 investments 225187217260185439
Cash and cash equivalents 225187217260185439
Receivables 5545379113194
Disposal group, including discontinued operation     02
Other current assets 201717132014
Other undisclosed current assets     4672
Total current assets: 300248271364382621
Noncurrent Assets
Property, plant and equipment 2,4352,5012,5782,5752,4592,125
Deferred costs 231319356974
Other noncurrent assets 8710101213
Assets of disposal group, including discontinued operation1
Total noncurrent assets: 2,4652,5202,6082,6202,5402,214
TOTAL ASSETS: 2,7652,7692,8782,9842,9222,834
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 654945808166
Accounts payable 271612364253
Accrued liabilities 10810189 
Employee-related liabilities 1299111513
Interest and dividends payable 1615151515 
Debt 96     
Disposal group, including discontinued operation     00
Deferred revenue and credits  629
Other undisclosed current liabilities      26
Total current liabilities: 16149458683102
Noncurrent Liabilities
Long-term debt and lease obligation 1,1241,0811,0841,0701,0731,064
Long-term debt, excluding current maturities 1,1241,0811,0841,0701,0731,064
Liabilities, other than long-term debt 3201346382395373
Deferred tax liabilities, net 197343382392368
Disposal group, including discontinued operation, liabilities     20
Other liabilities 343114
Other undisclosed noncurrent liabilities 169     
Total noncurrent liabilities: 1,2951,2821,4301,4531,4691,437
Total liabilities: 1,4571,3311,4751,5381,5521,539
Stockholders' equity
Stockholders' equity attributable to parent 1,3081,4381,4031,4461,3711,295
Common stock 000000
Additional paid in capital 762760754748736724
Accumulated other comprehensive income (loss) (4)910(4)(1)(1)
Retained earnings 549669638702635571
Total stockholders' equity: 1,3081,4381,4031,4461,3711,295
TOTAL LIABILITIES AND EQUITY: 2,7652,7692,8782,9842,9222,834

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 212191224476635548
Revenue, net191224   
Cost of revenue (109)(112)(114)(109)(116)(88)
Gross profit: 10480111367519461
Operating expenses (191)(168)(175)(268)(350)(291)
Other undisclosed operating income (loss) 0(0)04412
Operating income (loss): (87)(89)(64)144169171
Nonoperating expense (61)(34)(45)(37)(29)(71)
Interest and debt expense (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: (212)(107)(158)107140100
Other undisclosed income (loss) from continuing operations before income taxes 64(15)49   
Income (loss) from continuing operations before income taxes: (149)(123)(109)107140100
Income tax expense (benefit) 3015046(40)(52)(36)
Income (loss) from continuing operations: (119)27(64)678864
Income from discontinued operations     1 
Net income (loss): (119)27(64)678964
Other undisclosed net income attributable to parent      47
Net income (loss) available to common stockholders, diluted: (119)27(64)6789111

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (119)27(64)678964
Comprehensive income (loss): (119)27(64)678964
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (12)(2)14(3)(0)47
Comprehensive income (loss), net of tax, attributable to parent: (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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