10-Q Filing

HORNBECK OFFSHORE SERVICES INC /LA CIK: 1131227 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001131227-16-000074`
Period End Date	20160331
Filing Date	20160510
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	hos-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 40 Cash Flow Statement 62 Comprehensive Income 6

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, net of allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.77M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.88M	USD	Point-in-time
Debt Instrument, unamortized discount	`DebtInstrumentUnamortizedDiscount`	$41.60M	USD	Point-in-time
Debt Instrument, unamortized discount	`DebtInstrumentUnamortizedDiscount`	$39.03M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$13.12K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$12.39K	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$255.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$185.12M	USD	Point-in-time
Preferred stock outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$259.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$279.46M	USD	Point-in-time
Common stock Par Value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,774 and $2,877, respectively	`AccountsReceivableNetCurrent`	$91.20M	USD	Point-in-time
Common stock Par Value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,774 and $2,877, respectively	`AccountsReceivableNetCurrent`	$65.99M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.18M	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$13.03M	USD	Point-in-time
Common stock issued	`CommonStockSharesIssued`	36.16M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$364.04M	USD	Point-in-time
Common stock issued	`CommonStockSharesIssued`	35.98M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$338.01M	USD	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	35.98M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.57B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.60B	USD	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	36.16M	shares	Point-in-time
Deferred charges, net	`DeferredCosts`	$35.27M	USD	Point-in-time
Deferred charges, net	`DeferredCosts`	$29.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.36M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.45M	USD	Point-in-time
Total assets	`Assets`	$2.98B	USD	Point-in-time
Total assets	`Assets`	$2.97B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$35.92M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$14.79M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$13.55M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$11.22M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$8.48M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$899.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.73M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$17.88M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$21.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$73.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$85.55M	USD	Point-in-time
Long-term debt, net of original issue discount of $39,034 and $41,600 and deferred financing costs of $12,395 and $13,119, respectively	`LongTermDebtNoncurrent`	$1.07B	USD	Point-in-time
Long-term debt, net of original issue discount of $39,034 and $41,600 and deferred financing costs of $12,395 and $13,119, respectively	`LongTermDebtNoncurrent`	$1.07B	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$381.62M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$378.78M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$808.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.53B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.54B	USD	Point-in-time
Preferred stock: $0.01 par value; 5,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: $0.01 par value; 5,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock: $0.01 par value; 100,000 shares authorized; 36,165 and 35,985 shares issued and outstanding, respectively	`CommonStockValue`	$360.00K	USD	Point-in-time
Common stock: $0.01 par value; 100,000 shares authorized; 36,165 and 35,985 shares issued and outstanding, respectively	`CommonStockValue`	$362.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$746.47M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$748.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$694.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$701.84M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.08M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.45B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.45B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.97B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.98B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$134.62M	USD	1 Quarter
Revenues	`Revenues`	$76.82M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$61.42M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$40.43M	USD	1 Quarter
Depreciation	`Depreciation`	$22.17M	USD	1 Quarter
Depreciation	`Depreciation`	$19.98M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$6.28M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$7.49M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$11.89M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.67M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$100.78M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$77.56M	USD	1 Quarter
Gain (loss) on sale of assets	`GainLossOnDispositionOfAssets`	$33.06M	USD	1 Quarter
Gain (loss) on sale of assets	`GainLossOnDispositionOfAssets`	$-45.00K	USD	1 Quarter
Gain (loss) on sale of assets	`GainLossOnDispositionOfAssets`	$-45.00K	USD	Point-in-time
Gain (loss) on sale of assets	`GainLossOnDispositionOfAssets`	$33.10M	USD	Point-in-time
Operating income (loss)	`OperatingIncomeLoss`	$-780.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$66.90M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$377.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$214.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$10.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.06M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$504.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$440.00K	USD	1 Quarter
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-10.18M	USD	1 Quarter
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-9.61M	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.96M	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$57.29M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$21.44M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-3.45M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-7.51M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$35.85M	USD	1 Quarter
Basic earnings (loss) per common share, Dollars per Share	`EarningsPerShareBasic`	$-0.21	USD	1 Quarter
Basic earnings (loss) per common share, Dollars per Share	`EarningsPerShareBasic`	$1.01	USD	1 Quarter
Diluted earnings (loss) per common share, Dollars per Share	`EarningsPerShareDiluted`	$-0.21	USD	1 Quarter
Diluted earnings (loss) per common share, Dollars per Share	`EarningsPerShareDiluted`	$0.99	USD	1 Quarter
Weighted average basic shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	35.63M	shares	1 Quarter
Weighted average basic shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	36.09M	shares	1 Quarter
Weighted average diluted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.12M	shares	1 Quarter
Weighted average diluted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.09M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-7.51M	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$35.85M	USD	1 Quarter
Depreciation	`Depreciation`	$22.17M	USD	1 Quarter
Depreciation	`Depreciation`	$19.98M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$6.28M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$7.49M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.17M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.97M	USD	1 Quarter
Provision for Doubtful Accounts	`ProvisionForDoubtfulAccounts`	$-660.00K	USD	1 Quarter
Provision for Doubtful Accounts	`ProvisionForDoubtfulAccounts`	$-103.00K	USD	1 Quarter
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-1.82M	USD	1 Quarter
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$21.45M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.65M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.44M	USD	1 Quarter
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets`	$33.06M	USD	1 Quarter
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets`	$-45.00K	USD	1 Quarter
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets`	$-45.00K	USD	Point-in-time
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets`	$33.10M	USD	Point-in-time
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-19.70M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-31.46M	USD	1 Quarter
Increase (Decrease) in Other Operating Assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.79M	USD	1 Quarter
Increase (Decrease) in Other Operating Assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.42M	USD	1 Quarter
Deferred drydocking charges	`IncreaseDecreaseInDeferredCharges`	$1.21M	USD	1 Quarter
Deferred drydocking charges	`IncreaseDecreaseInDeferredCharges`	$2.55M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.37M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.77M	USD	1 Quarter
Accrued liabilities and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-6.47M	USD	1 Quarter
Accrued liabilities and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.40M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-1.40M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-1.25M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$61.44M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$39.25M	USD	1 Quarter
Costs incurred for OSV newbuild program	`CostsIncurredForOffshoreSupplyVesselsNewbuildProgram`	$52.62M	USD	1 Quarter
Costs incurred for OSV newbuild program	`CostsIncurredForOffshoreSupplyVesselsNewbuildProgram`	$33.66M	USD	1 Quarter
Net proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$114.00M	USD	1 Quarter
Net proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$420.00K	USD	1 Quarter
Vessel capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.84M	USD	1 Quarter
Vessel capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.35M	USD	1 Quarter
Non-vessel capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$266.00K	USD	1 Quarter
Non-vessel capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$4.39M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.85M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$35.15M	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$1.95M	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.95M	USD	1 Quarter
Effects of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-302.00K	USD	1 Quarter
Effects of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$641.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.96M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$94.33M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$255.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$185.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$259.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$279.46M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$255.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$185.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$259.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$279.46M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$14.03M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$13.79M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$1.75M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$1.37M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-7.51M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$35.85M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$10.16M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-302.00K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$35.55M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$2.65M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.