10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000866829-17-000013 |
| Period End Date | 20170331 |
| Filing Date | 20170425 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | hlx-20170425.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for uncollectible accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$1.78M | USD | Point-in-time |
| Allowance for uncollectible accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$2.98M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$488.18M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$537.73M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$356.65M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$494.19M | USD | Point-in-time |
| Trade, net of allowance for uncollectible accounts of $2,984 and $1,778, respectively |
AccountsReceivableNetCurrent
|
$50.90M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
240.00M | shares | Point-in-time |
| Trade, net of allowance for uncollectible accounts of $2,984 and $1,778, respectively |
AccountsReceivableNetCurrent
|
$101.83M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
240.00M | shares | Point-in-time |
| Unbilled revenue and other |
UnbilledContractsReceivable
|
$10.33M | USD | Point-in-time |
| Unbilled revenue and other |
UnbilledContractsReceivable
|
$25.82M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
120.63M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
147.65M | shares | Point-in-time |
| Current deferred tax assets |
DeferredTaxAssetsLiabilitiesNetCurrent
|
- | USD | Point-in-time |
| Current deferred tax assets |
DeferredTaxAssetsLiabilitiesNetCurrent
|
$16.59M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$37.39M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$43.44M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$522.78M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$657.89M | USD | Point-in-time |
| Property and equipment |
PropertyPlantAndEquipmentGross
|
$2.51B | USD | Point-in-time |
| Property and equipment |
PropertyPlantAndEquipmentGross
|
$2.45B | USD | Point-in-time |
| Less accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$799.28M | USD | Point-in-time |
| Less accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$824.10M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.65B | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.69B | USD | Point-in-time |
| Other assets, net |
OtherAssetsNoncurrent
|
$72.55M | USD | Point-in-time |
| Other assets, net |
OtherAssetsNoncurrent
|
$86.56M | USD | Point-in-time |
| Total assets |
Assets
|
$2.43B | USD | Point-in-time |
| Total assets |
Assets
|
$2.25B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$60.21M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$74.71M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$58.02M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$58.61M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$67.72M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$67.57M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$200.46M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$186.40M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$541.66M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$558.40M | USD | Point-in-time |
| Deferred tax liabilities |
DeferredTaxLiabilitiesNoncurrent
|
$167.35M | USD | Point-in-time |
| Deferred tax liabilities |
DeferredTaxLiabilitiesNoncurrent
|
$148.19M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$52.98M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$49.94M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$940.25M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$965.13M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, no par, 240,000 shares authorized, 147,646 and 120,630 shares issued, respectively |
CommonStockValue
|
$1.28B | USD | Point-in-time |
| Common stock, no par, 240,000 shares authorized, 147,646 and 120,630 shares issued, respectively |
CommonStockValue
|
$1.06B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$322.85M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$306.44M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-96.97M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-91.02M | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquity
|
$1.49B | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquity
|
$1.28B | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$2.25B | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$2.43B | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net revenues |
SalesRevenueNet
|
$104.53M | USD | 1 Quarter |
| Net revenues |
SalesRevenueNet
|
$91.04M | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$107.97M | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$105.35M | USD | 1 Quarter |
| Gross loss |
GrossProfit
|
$-825.00K | USD | 1 Quarter |
| Gross loss |
GrossProfit
|
$-16.93M | USD | 1 Quarter |
| Loss on disposition of assets, net |
GainLossOnDispositionOfAssets
|
$-39.00K | USD | 1 Quarter |
| Loss on disposition of assets, net |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$13.83M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$16.84M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-30.76M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-17.70M | USD | 1 Quarter |
| Equity in losses of investment |
IncomeLossFromEquityMethodInvestments
|
$-123.00K | USD | 1 Quarter |
| Equity in losses of investment |
IncomeLossFromEquityMethodInvestments
|
$-152.00K | USD | 1 Quarter |
| Net interest expense |
InterestIncomeExpenseNonoperatingNet
|
$-10.68M | USD | 1 Quarter |
| Net interest expense |
InterestIncomeExpenseNonoperatingNet
|
$-5.23M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-535.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$1.88M | USD | 1 Quarter |
| Other income oil and gas |
OtherIncomeExpenseOilAndGas
|
$2.57M | USD | 1 Quarter |
| Other income oil and gas |
OtherIncomeExpenseOilAndGas
|
$2.60M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-37.11M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-21.02M | USD | 1 Quarter |
| Income tax benefit |
IncomeTaxExpenseBenefit
|
$-4.60M | USD | 1 Quarter |
| Income tax benefit |
IncomeTaxExpenseBenefit
|
$-9.29M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-27.82M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-16.41M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$-0.26 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$-0.11 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$-0.11 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$-0.26 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
105.91M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
143.24M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
105.91M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
143.24M | shares | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-27.82M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-16.41M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$31.57M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$30.86M | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
$1.57M | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
$1.14M | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$1.36M | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$3.84M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$2.77M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$1.41M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-8.93M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-4.68M | USD | 1 Quarter |
| Equity in losses of investment |
LossFromEquityMethodInvestments
|
$123.00K | USD | 1 Quarter |
| Equity in losses of investment |
LossFromEquityMethodInvestments
|
$152.00K | USD | 1 Quarter |
| Loss on disposition of assets, net |
GainLossOnDispositionOfAssets
|
$-39.00K | USD | 1 Quarter |
| Loss on disposition of assets, net |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Unrealized gain and ineffectiveness on derivative contracts, net |
UnrealizedGainLossOnDerivatives
|
$1.07M | USD | 1 Quarter |
| Unrealized gain and ineffectiveness on derivative contracts, net |
UnrealizedGainLossOnDerivatives
|
$4.35M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$-31.52M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$-36.13M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$4.81M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$2.50M | USD | 1 Quarter |
| Income tax receivable |
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
$-1.15M | USD | 1 Quarter |
| Income tax receivable |
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
$-2.81M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-21.11M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$6.70M | USD | 1 Quarter |
| Other non-current, net |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$1.68M | USD | 1 Quarter |
| Other non-current, net |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$22.17M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$28.85M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$807.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$48.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$22.87M | USD | 1 Quarter |
| Distribution from equity investment |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
- | USD | 1 Quarter |
| Distribution from equity investment |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$1.20M | USD | 1 Quarter |
| Proceeds from sale of equity investment |
ProceedsFromSaleOfEquityMethodInvestments
|
- | USD | 1 Quarter |
| Proceeds from sale of equity investment |
ProceedsFromSaleOfEquityMethodInvestments
|
$25.00M | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$10.89M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-48.00M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$14.22M | USD | 1 Quarter |
| Repayment of Nordea Q5000 Loan |
RepaymentsOfSecuredDebt
|
$8.93M | USD | 1 Quarter |
| Repayment of Nordea Q5000 Loan |
RepaymentsOfSecuredDebt
|
$8.93M | USD | 1 Quarter |
| Repayment of Term Loan |
RepaymentsOfOtherLongTermDebt
|
$6.41M | USD | 1 Quarter |
| Repayment of Term Loan |
RepaymentsOfOtherLongTermDebt
|
$7.50M | USD | 1 Quarter |
| Repayment of MARAD Debt |
RepaymentsOfLongTermSecuredDebt
|
$3.07M | USD | 1 Quarter |
| Repayment of MARAD Debt |
RepaymentsOfLongTermSecuredDebt
|
$2.93M | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfFinancingCosts
|
$54.00K | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfFinancingCosts
|
$1.21M | USD | 1 Quarter |
| Net proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Net proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$219.51M | USD | 1 Quarter |
| Payments related to tax withholding for share-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$173.00K | USD | 1 Quarter |
| Payments related to tax withholding for share-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.31M | USD | 1 Quarter |
| Proceeds from issuance of ESPP shares |
ProceedsFromStockPlans
|
$600.00K | USD | 1 Quarter |
| Proceeds from issuance of ESPP shares |
ProceedsFromStockPlans
|
$144.00K | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$199.88M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-20.14M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$348.00K | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-893.00K | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$181.08M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-6.01M | USD | 1 Quarter |
| Balance, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$488.18M | USD | Point-in-time |
| Balance, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$537.73M | USD | Point-in-time |
| Balance, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$356.65M | USD | Point-in-time |
| Balance, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$494.19M | USD | Point-in-time |
| Balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$488.18M | USD | Point-in-time |
| Balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$537.73M | USD | Point-in-time |
| Balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$356.65M | USD | Point-in-time |
| Balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$494.19M | USD | Point-in-time |
Comprehensive Income
20 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-27.82M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-16.41M | USD | 1 Quarter |
| Unrealized gain on hedges arising during the period |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
$909.00K | USD | 1 Quarter |
| Unrealized gain on hedges arising during the period |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
$3.38M | USD | 1 Quarter |
| Reclassification adjustments for loss on hedges included in net loss |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
|
$-3.49M | USD | 1 Quarter |
| Reclassification adjustments for loss on hedges included in net loss |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
|
$-3.44M | USD | 1 Quarter |
| Income taxes on unrealized gain on hedges |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
$2.32M | USD | 1 Quarter |
| Income taxes on unrealized gain on hedges |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
$1.56M | USD | 1 Quarter |
| Unrealized gain on hedges, net of tax |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$2.84M | USD | 1 Quarter |
| Unrealized gain on hedges, net of tax |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$4.50M | USD | 1 Quarter |
| Foreign currency translation gain (loss) arising during the period |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$3.11M | USD | 1 Quarter |
| Foreign currency translation gain (loss) arising during the period |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-6.58M | USD | 1 Quarter |
| Reclassification adjustment for translation loss realized upon liquidation |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
|
- | USD | 1 Quarter |
| Reclassification adjustment for translation loss realized upon liquidation |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
|
$-289.00K | USD | 1 Quarter |
| Foreign currency translation gain (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$3.11M | USD | 1 Quarter |
| Foreign currency translation gain (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-6.29M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$5.95M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-1.79M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-29.61M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-10.46M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.