Helmerich & Payne, Inc. (HP) financial statements (2022 and earlier)

Company profile

Business Address 1437 S. BOULDER AVE., SUITE 1400
TULSA, OK 74119
State of Incorp. DE
Fiscal Year End September 30
SIC 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:4411,100577401326566950
Cash and cash equivalents234918488348284521906
Short-term investments2071998953414444
Other undisclosed cash, cash equivalents, and short-term investments0(16)(0)    
Restricted cash and investments 184631403228
Receivables282229193496565477375
Inventory, net of allowances, customer advances and progress billings8784104150158137124
Inventory8784104150158137124
Prepaid expense 2596646
Disposal group, including discontinued operation     00
Assets held-for-sale, not part of disposal group6371    45
Other current assets 21135289
Other undisclosed current assets81382227181036
Total current assets:9551,5879631,1151,1161,2351,573
Noncurrent Assets
Operating lease, right-of-use asset474945 
Property, plant and equipment3,0663,1273,6464,5024,8575,0015,145
Long-term investments and receivables1941353232998485
Long-term investments1941353232998485
Intangible assets, net (including goodwill)118119127170138102 
Goodwill464646836552 
Intangible assets, net (excluding goodwill)727481877351 
Other noncurrent assets1316172151730
Total noncurrent assets:3,4383,4483,8664,7245,0995,2055,259
TOTAL ASSETS:4,3925,0344,8305,8406,2156,4406,832
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities399383219410377344330
Accounts payable109723612313313695
Accrued liabilities263283155287245209235
Interest and dividends payable272727    
Debt 483     
Disposal group, including discontinued operation     00
Total current liabilities:399866219410377344330
Noncurrent Liabilities
Long-term debt and lease obligation542542481479494493492
Long-term debt, excluding current maturities542542481479494493492
Liabilities, other than long-term debt6747138119389611,4381,449
Deferred tax liabilities, net8531,3331,342
Deferred income tax liabilities546563651807
Disposal group, including discontinued operation, liabilities2213151444
Other liabilities12714814711694101103
Total noncurrent liabilities:1,2171,2551,2921,4171,4551,9311,941
Total liabilities:1,6162,1221,5111,8271,8322,2752,271
Stockholders' equity
Stockholders' equity attributable to parent2,7772,9133,3194,0124,3834,1654,561
Common stock11111111111111
Treasury stock, value(225)(182)(198)(195)(173)(192)(188)
Additional paid in capital515530522510500487448
Accumulated other comprehensive income (loss)(20)(20)(26)(29)172(0)
Retained earnings2,4952,5733,0103,7144,0283,8564,290
Total stockholders' equity:2,7772,9133,3194,0124,3834,1654,561
TOTAL LIABILITIES AND EQUITY:4,3925,0344,8305,8406,2156,4406,832

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues1,3821,2191,7742,7982,4871,8051,624
Revenue, net2,4871,8051,624
Cost of revenue(1,457)(1,367)(1,660)(2,361)(2,220)(1,830)(1,499)
Cost of goods and services sold(1,054)(953)(1,185)(1,803)   
Gross profit:(75)(148)114437268(25)125
Operating expenses(303)(281)(734)(417)(236)(147)(151)
Operating income (loss):(378)(429)(620)2132(173)(26)
Nonoperating expense(26)(13)(16)(72)(16)(12)(47)
Investment income, nonoperating631714(45)86(23)
Other nonoperating income (expense)(5)(6)(5)(2)02(1)
Interest and debt expense(78)(24)(24)(25)(24)(20)(23)
Loss from continuing operations before equity method investments, income taxes:(482)(465)(661)(76)(8)(204)(96)
Other undisclosed income from continuing operations before income taxes78242425242023
Income (loss) from continuing operations before income taxes:(404)(441)(636)(51)16(185)(73)
Income tax benefit93104140194775720
Income (loss) from continuing operations:(311)(337)(496)(33)493(128)(53)
Income (loss) from discontinued operations4112(1)(10)(0)(4)
Net income (loss) attributable to parent:(307)(326)(494)(34)483(128)(57)
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(3)(3)(4)(2)
Other undisclosed net loss available to common stockholders, basic      (2)
Net income (loss) available to common stockholders, basic:(309)(328)(497)(37)478(130)(59)
Dilutive securities, effect on basic earnings per share    0  
Net income (loss) available to common stockholders, diluted:(309)(328)(497)(37)478(130)(59)

Comprehensive Income ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):(307)(326)(494)(34)483(128)(57)
Comprehensive income (loss):(307)(326)(494)(34)483(128)(57)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent662(12)1431
Comprehensive income (loss), net of tax, attributable to parent:(301)(320)(492)(46)497(126)(56)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: