Helmerich & Payne, Inc. (HP) financial statements (2021 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)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments412401326566950764361
Cash and cash equivalents355348284521906718361
Short-term investments575341444446 
Restricted cash and investments 314032283028
Receivables501496565477375449705
Inventory, net of allowances, customer advances and progress billings149150158137124129106
Inventory149150158137124129106
Prepaid expense 6646814
Disposal group, including discontinued operation   0087
Assets held-for-sale, not part of disposal group    45 
Other current assets 52891519
Other undisclosed current assets93271810363637
Total current assets:1,1551,1151,1161,2351,5731,4391,277
Noncurrent Assets
Operating lease, right-of-use asset52 
Property, plant and equipment4,4124,5024,8575,0015,1455,5675,189
Long-term investments and receivables3532998485104237
Long-term investments3532998485104237
Intangible assets, net (including goodwill)169170138102   
Goodwill83836552   
Intangible assets, net (excluding goodwill)86877351   
Restricted cash and investments     22
Other noncurrent assets1821517304119
Other undisclosed noncurrent assets     (2)(2)
Total noncurrent assets:4,6874,7245,0995,2055,2595,7135,444
TOTAL ASSETS:5,8425,8406,2156,4406,8327,1526,722
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities419410377344330384606
Accounts payable12312313313695111182
Accrued liabilities297287245209235198282
Employee-related liabilities     3688
Taxes payable     3953
Debt     3940
Liability for uncertainty in income taxes     7 
Disposal group, including discontinued operation   0033
Self insurance reserve     118
Deferred revenue and credits  433
Other undisclosed current liabilities     (135)(153)
Total current liabilities:419410377344330351508
Noncurrent Liabilities
Long-term debt and lease obligation47947949449349249240
Long-term debt, excluding current maturities47947949449349249240
Liabilities, other than long-term debt9679389611,4381,4491,4591,313
Deferred tax liabilities, net8531,3331,3421,2951,215
Deferred income tax liabilities799807
Liability for uncertainty in income taxes     1813
Liability, pension and other postretirement and postemployment benefits     93
Disposal group, including discontinued operation, liabilities1515144454
Other liabilities1531169410110311164
Self insurance reserve     2113
Other undisclosed noncurrent liabilities     (48)(30)
Total noncurrent liabilities:1,4471,4171,4551,9311,9411,9031,323
Total liabilities:1,8661,8271,8322,2752,2712,2551,831
Stockholders' equity
Stockholders' equity attributable to parent3,9764,0124,3834,1654,5614,8974,891
Common stock11111111111111
Treasury stock, value(173)(195)(173)(192)(188)(182)(113)
Additional paid in capital499510500487448420384
Accumulated other comprehensive income (loss)(28)(29)172(0)(1)83
Retained earnings3,6663,7144,0283,8564,2904,6504,526
Total stockholders' equity:3,9764,0124,3834,1654,5614,8974,891
TOTAL LIABILITIES AND EQUITY:5,8425,8406,2156,4406,8327,1526,722

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues2,6732,7982,4871,8051,6243,1653,720
Revenue, net2,4871,8051,6243,1653,720
Cost of revenue(2,264)(2,361)(2,220)(1,830)(1,499)(2,305)(2,534)
Cost of goods and services sold(389)(1,803)     
Gross profit:409437268(25)1258601,186
Operating expenses(411)(417)(236)(147)(151)(185)(131)
Operating income (loss):(2)2132(173)(26)6761,055
Nonoperating income (expense)(14)(72)(16)(12)(47)(10)42
Investment income, nonoperating15(45)86(23)647
Foreign currency transaction gain (loss), before tax     3(1)
Other nonoperating income (expense)(3)(2)02(1)(1)(1)
Interest and debt expense(27)(25)(24)(20)(23)(15)(5)
Other undisclosed income from continuing operations before equity method investments, income taxes      5
Income (loss) from continuing operations before equity method investments, income taxes:(43)(76)(8)(204)(96)6511,096
Other undisclosed income from continuing operations before income taxes272524202315 
Income (loss) from continuing operations before income taxes:(16)(51)16(185)(73)6661,096
Income tax expense (benefit)6194775720(243)(388)
Income (loss) from continuing operations:(10)(33)493(128)(53)422709
Loss from discontinued operations(12)(1)(10)(0)(4)(0)(0)
Net income (loss) attributable to parent:(22)(34)483(128)(57)422709
Undistributed earnings (loss) allocated to participating securities, basic(3)(3)(4)(2)
Other undisclosed net loss available to common stockholders, basic    (2)(2)(4)
Net income (loss) available to common stockholders, basic:(25)(37)478(130)(59)420705
Dilutive securities, effect on basic earnings per share  0  00
Net income (loss) available to common stockholders, diluted:(25)(37)478(130)(59)420705

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income (loss):(22)(34)483(128)(57)422709
Other comprehensive loss      (49)
Comprehensive income (loss):(22)(34)483(128)(57)422659
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(12)(12)1431(85) 
Comprehensive income (loss), net of tax, attributable to parent:(34)(46)497(126)(56)338659

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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