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HELIX ENERGY SOLUTIONS GROUP INC

CIK: 866829 SIC: 1389
$1.31B
Revenue
$42.68M
Net Income
12.75%
Gross Margin
6.38%
Op. Margin
$80.70M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 4 of 15 annual reports available (2010 - 2024)
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
+ Total Revenue $1.31B $1.36B $1.29B $873.10M $674.73M
Revenue Growth % -3.4% 5.3% 47.7% 29.4% nan%
Cost of Revenue $1.15B $1.14B $1.09B $822.48M $659.34M
+ Gross Profit $167.36M $219.56M $200.36M $50.62M $15.39M
Gross Margin % 12.8% 16.2% 15.5% 5.8% 2.3%
Selling General & Admin $83.19M $91.65M $94.43M $76.75M $63.45M
+ Operating Income $83.75M $127.44M $63.51M $-44.85M $-48.69M
Operating Margin % 6.4% 9.4% 4.9% -5.1% -7.2%
Interest Expense - $25.45M $20.98M - -
Other Income/Expense $-2.18M $-3.92M $-3.59M $-23.33M $-1.49M
Income Before Tax $60.18M $82.06M $7.51M $-75.18M $-70.64M
Income Tax Expense $17.50M $26.43M $18.35M $12.60M $-8.96M
+ Net Income $42.68M $55.64M $-10.84M $-87.78M $-61.54M
Net Margin % 3.3% 4.1% -0.8% -10.1% -9.1%
Basic EPS 0.29 0.37 -0.07 -0.58 -0.41
Diluted EPS 0.28 0.36 -0.07 -0.58 -0.41
Basic Shares Outstanding 146.9M 152.0M 150.9M 151.3M 150.1M
Diluted Shares Outstanding 147.7M 154.7M 150.9M 151.3M 150.1M
Breakdown FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Cash Equivalents $368.03M $332.19M $186.60M $253.51M
Accounts Receivable $258.63M $280.43M $212.78M $144.14M
Other Current Assets $83.02M $85.22M $58.70M $58.27M
Total Current Assets $709.68M $697.84M $460.59M $529.54M
Property Plant & Equipment $1.44B $1.57B $1.64B $1.66B
Intangible Assets $3.63M - - -
Other Non-current Assets $48.18M $44.82M $50.51M $34.66M
Total Assets $2.60B $2.56B $2.39B $2.33B
Accounts Payable $144.79M $134.55M $135.27M $87.96M
Accrued Liabilities $90.45M $203.11M $73.57M $91.71M
Deferred Revenue $14.91M - - -
Total Current Liabilities $304.42M $448.62M $297.95M $278.28M
Long-term Debt $315.16M $313.43M $225.88M $262.14M
Deferred Tax Liabilities $113.97M $110.56M $98.88M $86.97M
Other Non-current Liabilities $66.97M $66.25M $95.23M $975.00K
Total Liabilities $1.08B $1.06B $872.63M $678.56M
Common Stock $1.25B $1.27B $1.30B $1.29B
Retained Earnings $368.09M $312.45M $323.29M $411.07M
Total Stockholders Equity $1.52B $1.50B $1.52B $1.65B
Total Liabilities & Equity $2.60B $2.56B $2.39B $2.33B
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $45.75M $55.64M $-10.84M $-87.78M $-61.54M
Depreciation & Amortization - $173.29M $164.12M $142.69M $141.51M
Stock-based Compensation $11.64M $7.27M $6.51M $7.45M $7.69M
Deferred Income Tax $1.79M $10.61M $11.53M $4.39M $-15.20M
Change in Receivables $155.84M $-13.74M $64.52M $29.86M $14.15M
Operating Cash Flow $117.31M $186.03M $152.46M $51.11M $140.12M
Capital Expenditure $36.62M $23.30M $19.59M $33.50M $8.32M
Acquisitions - - - $112.62M -
Investing Cash Flow $-36.62M $-22.84M $-18.66M $-138.29M $-8.27M
Stock Repurchased - $29.62M $11.99M - -
Financing Cash Flow $-116.51M $-125.31M $25.11M $-44.84M $-96.00M
Net Change in Cash $-32.42M $35.84M $143.08M $-138.02M $35.81M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $376.96M $342.42M $957.31M $1.00B
Cost of Revenue $310.94M $276.75M $848.81M $842.72M
Gross Profit $66.02M $65.67M $108.50M $160.71M
Selling General & Admin $18.17M $21.12M $55.63M $64.10M
Operating Income $47.85M $44.64M $52.87M $96.56M
Other Income/Expense $-983.00K $-49.00K $-903.00K $-2.65M
Income Before Tax $41.25M $39.03M $36.18M $58.06M
Income Tax Expense $19.17M $9.52M $13.62M $22.55M
Net Income $22.08M $29.51M $22.56M $35.52M
Basic EPS 0.15 0.19 0.15 0.23
Diluted EPS 0.15 0.19 0.15 0.23
Basic Shares Outstanding $146.91M $151.91M $148.81M $152.17M
Diluted Shares Outstanding $147.70M $154.85M $149.55M $155.04M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $338.03M $368.03M
Accounts Receivable $359.61M $258.63M
Other Current Assets $100.60M $83.02M
Total Current Assets $798.24M $709.68M
Property Plant & Equipment $1.41B $1.44B
Other Non-current Assets $47.52M $48.18M
Total Assets $2.63B $2.60B
Accounts Payable $147.40M $144.79M
Accrued Liabilities $99.25M $90.45M
Total Current Liabilities $314.12M $304.42M
Long-term Debt $297.83M $305.97M
Deferred Tax Liabilities $117.82M $113.97M
Other Non-current Liabilities $70.08M $66.97M
Total Liabilities $1.06B $1.08B
Common Stock $1.22B $1.25B
Retained Earnings $390.64M $368.09M
Total Stockholders Equity $1.57B $1.52B
Total Liabilities & Equity $2.63B $2.60B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $22.08M $29.51M $22.56M $35.52M
Stock-based Compensation - - $4.94M $5.52M
Deferred Income Tax - - $3.82M $13.17M
Change in Receivables - - $93.30M $-12.74M
Operating Cash Flow - - $23.59M $108.05M
Capital Expenditure - - $10.65M $10.78M
Investing Cash Flow - - $-10.65M $-10.32M
Financing Cash Flow - - $-44.92M $-105.57M
Net Change in Cash - - $-30.00M $-8.07M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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