10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000866829-18-000011 |
| Period End Date | 20180331 |
| Filing Date | 20180425 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | hlx-20180331.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
|
$2.75M | USD | Point-in-time |
| Allowance for uncollectible accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$2.75M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$537.73M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$273.99M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$356.65M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$266.59M | USD | Point-in-time |
| Trade, net of allowance for uncollectible accounts of $2,752 |
AccountsReceivableNetCurrent
|
$113.34M | USD | Point-in-time |
| Trade, net of allowance for uncollectible accounts of $2,752 |
AccountsReceivableNetCurrent
|
$77.96M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
240.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
240.00M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
148.08M | shares | Point-in-time |
| Unbilled and other |
UnbilledContractsReceivable
|
$43.35M | USD | Point-in-time |
| Unbilled and other |
UnbilledContractsReceivable
|
$29.95M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
147.74M | shares | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$41.77M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$46.24M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$441.53M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$451.64M | USD | Point-in-time |
| Property and equipment |
PropertyPlantAndEquipmentGross
|
$2.70B | USD | Point-in-time |
| Property and equipment |
PropertyPlantAndEquipmentGross
|
$2.72B | USD | Point-in-time |
| Less accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$919.11M | USD | Point-in-time |
| Less accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$889.78M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.81B | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.80B | USD | Point-in-time |
| Other assets, net |
OtherAssetsNoncurrent
|
$95.39M | USD | Point-in-time |
| Other assets, net |
OtherAssetsNoncurrent
|
$105.20M | USD | Point-in-time |
| Total assets |
Assets
|
$2.34B | USD | Point-in-time |
| Total assets |
Assets
|
$2.36B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$71.72M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$81.30M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$64.40M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$71.68M | USD | Point-in-time |
| Income tax payable |
AccruedIncomeTaxesCurrent
|
$2.80M | USD | Point-in-time |
| Income tax payable |
AccruedIncomeTaxesCurrent
|
- | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$109.86M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$46.49M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$182.61M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$265.64M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$420.88M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$385.77M | USD | Point-in-time |
| Deferred tax liabilities |
DeferredTaxLiabilitiesNoncurrent
|
$103.35M | USD | Point-in-time |
| Deferred tax liabilities |
DeferredTaxLiabilitiesNoncurrent
|
$108.55M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$38.10M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$40.69M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$795.44M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$750.13M | 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, 148,080 and 147,740 shares issued, respectively |
CommonStockValue
|
$1.30B | USD | Point-in-time |
| Common stock, no par, 240,000 shares authorized, 148,080 and 147,740 shares issued, respectively |
CommonStockValue
|
$1.28B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$351.88M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$352.91M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-69.79M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-64.16M | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquity
|
$1.57B | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquity
|
$1.59B | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$2.34B | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$2.36B | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net revenues |
SalesRevenueNet
|
$104.53M | USD | 1 Quarter |
| Net revenues |
SalesRevenueNet
|
$164.26M | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$151.28M | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$105.35M | USD | 1 Quarter |
| Gross profit (loss) |
GrossProfit
|
$12.98M | USD | 1 Quarter |
| Gross profit (loss) |
GrossProfit
|
$-825.00K | USD | 1 Quarter |
| Loss on disposition of assets, net |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Loss on disposition of assets, net |
GainLossOnDispositionOfAssets
|
$-39.00K | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$16.84M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$14.10M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-1.12M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-17.70M | USD | 1 Quarter |
| Equity in losses of investment |
IncomeLossFromEquityMethodInvestments
|
$-152.00K | USD | 1 Quarter |
| Equity in losses of investment |
IncomeLossFromEquityMethodInvestments
|
$-136.00K | USD | 1 Quarter |
| Net interest expense |
InterestIncomeExpenseNonoperatingNet
|
$-3.90M | USD | 1 Quarter |
| Net interest expense |
InterestIncomeExpenseNonoperatingNet
|
$-5.23M | USD | 1 Quarter |
| Loss on extinguishment of long-term debt |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Loss on extinguishment of long-term debt |
GainsLossesOnExtinguishmentOfDebt
|
$-1.10M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$925.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-535.00K | USD | 1 Quarter |
| Other income oil and gas |
OtherIncomeExpenseOilAndGas
|
$2.60M | USD | 1 Quarter |
| Other income oil and gas |
OtherIncomeExpenseOilAndGas
|
$2.85M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-2.47M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-21.02M | USD | 1 Quarter |
| Income tax provision (benefit) |
IncomeTaxExpenseBenefit
|
$-4.60M | USD | 1 Quarter |
| Income tax provision (benefit) |
IncomeTaxExpenseBenefit
|
$87.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.56M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-16.41M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$-0.11 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$-0.02 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$-0.11 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$-0.02 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
146.65M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
143.24M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
143.24M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
146.65M | shares | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-2.56M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-16.41M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$27.78M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$30.86M | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
$1.36M | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
$1.14M | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$935.00K | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$1.36M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$2.50M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$2.77M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-4.68M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$108.00K | USD | 1 Quarter |
| Equity in losses of investment |
LossFromEquityMethodInvestments
|
$136.00K | USD | 1 Quarter |
| Equity in losses of investment |
LossFromEquityMethodInvestments
|
$152.00K | USD | 1 Quarter |
| Loss on disposition of assets, net |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Loss on disposition of assets, net |
GainLossOnDispositionOfAssets
|
$-39.00K | USD | 1 Quarter |
| Loss on extinguishment of long-term debt |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Loss on extinguishment of long-term debt |
GainsLossesOnExtinguishmentOfDebt
|
$-1.10M | USD | 1 Quarter |
| Unrealized gain on derivative contracts, net |
UnrealizedGainLossOnDerivatives
|
$1.07M | USD | 1 Quarter |
| Unrealized gain on derivative contracts, net |
UnrealizedGainLossOnDerivatives
|
$1.53M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$-22.76M | 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
|
$3.95M | USD | 1 Quarter |
| Income tax receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$1.15M | USD | 1 Quarter |
| Income tax receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$2.85M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-12.26M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$6.70M | USD | 1 Quarter |
| Other non-current, net |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$22.17M | USD | 1 Quarter |
| Other non-current, net |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$-7.51M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$41.05M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$28.85M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$21.21M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$48.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-21.21M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-48.00M | USD | 1 Quarter |
| Issuance of Convertible Senior Notes due 2023 |
ProceedsFromConvertibleDebt
|
- | USD | 1 Quarter |
| Issuance of Convertible Senior Notes due 2023 |
ProceedsFromConvertibleDebt
|
$125.00M | USD | 1 Quarter |
| Repurchase of Convertible Senior Notes due 2032 |
RepaymentsOfConvertibleDebt
|
- | USD | 1 Quarter |
| Repurchase of Convertible Senior Notes due 2032 |
RepaymentsOfConvertibleDebt
|
$59.48M | USD | 1 Quarter |
| Repayment of term loan |
RepaymentsOfOtherLongTermDebt
|
$61.47M | USD | 1 Quarter |
| Repayment of term loan |
RepaymentsOfOtherLongTermDebt
|
$6.41M | 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 MARAD Debt |
RepaymentsOfLongTermSecuredDebt
|
$3.07M | USD | 1 Quarter |
| Repayment of MARAD Debt |
RepaymentsOfLongTermSecuredDebt
|
$3.23M | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfFinancingCosts
|
$3.77M | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfFinancingCosts
|
$54.00K | USD | 1 Quarter |
| Net proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$219.51M | USD | 1 Quarter |
| Net proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Payments related to tax withholding for share-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.31M | USD | 1 Quarter |
| Payments related to tax withholding for share-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.06M | USD | 1 Quarter |
| Proceeds from issuance of ESPP shares |
ProceedsFromStockPlans
|
$159.00K | 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
|
$-12.77M | 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
|
$335.00K | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$181.08M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$7.39M | USD | 1 Quarter |
| Balance, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$537.73M | USD | Point-in-time |
| Balance, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$273.99M | USD | Point-in-time |
| Balance, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$356.65M | USD | Point-in-time |
| Balance, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$266.59M | USD | Point-in-time |
| Balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$537.73M | USD | Point-in-time |
| Balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$273.99M | USD | Point-in-time |
| Balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$356.65M | USD | Point-in-time |
| Balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$266.59M | USD | Point-in-time |
Comprehensive Income
22 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-2.56M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-16.41M | USD | 1 Quarter |
| Unrealized gain on hedges arising during the period |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
$2.15M | USD | 1 Quarter |
| Unrealized gain on hedges arising during the period |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
$909.00K | 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
|
$-1.63M | USD | 1 Quarter |
| Income taxes on unrealized gain on hedges |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
$1.56M | USD | 1 Quarter |
| Income taxes on unrealized gain on hedges |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
$815.00K | USD | 1 Quarter |
| Unrealized gain on hedges, net of tax |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$2.84M | USD | 1 Quarter |
| Unrealized gain on hedges, net of tax |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$2.96M | USD | 1 Quarter |
| Unrealized loss on note receivable arising during the period |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
- | USD | 1 Quarter |
| Unrealized loss on note receivable arising during the period |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
$-629.00K | USD | 1 Quarter |
| Income taxes on unrealized loss on note receivable |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
- | USD | 1 Quarter |
| Income taxes on unrealized loss on note receivable |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
$-132.00K | USD | 1 Quarter |
| Unrealized loss on note receivable, net of tax |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
- | USD | 1 Quarter |
| Unrealized loss on note receivable, net of tax |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-497.00K | USD | 1 Quarter |
| Foreign currency translation gain |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$4.69M | USD | 1 Quarter |
| Foreign currency translation gain |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$3.11M | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$5.95M | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$7.16M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$4.60M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$-10.46M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.