10-Q Filing

HORNBECK OFFSHORE SERVICES INC /LA CIK: 1131227 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-134041`
Period End Date	20110331
Filing Date	20110510
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	hos-20110331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 38 Cash Flow Statement 63

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$734.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.58M	USD	Point-in-time
Long-term debt, original issue discount	`DebtInstrumentUnamortizedDiscount`	$38.75M	USD	Point-in-time
Long-term debt, original issue discount	`DebtInstrumentUnamortizedDiscount`	$41.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.02M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`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
Accounts receivable, net of allowance for doubtful accounts of $2,582 and $734, respectively	`AccountsReceivableNetCurrent`	$61.89M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,582 and $734, respectively	`AccountsReceivableNetCurrent`	$71.78M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$23.17M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$17.60M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$221.57M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$216.34M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.61B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.60B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred charges, net	`DeferredCosts`	$41.06M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred charges, net	`DeferredCosts`	$41.37M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.90M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.87M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.58M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.70M	USD	Point-in-time
Total assets	`Assets`	$1.88B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.58M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.87M	shares	Point-in-time
Total assets	`Assets`	$1.88B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$25.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.21M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$9.63M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$9.02M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$13.41M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$7.67M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$2.96M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$2.20M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$4.45M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$12.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$59.06M	USD	Point-in-time
Long-term debt, net of original issue discount of $38,747 and $41,767, respectively	`LongTermDebtNoncurrent`	$758.23M	USD	Point-in-time
Long-term debt, net of original issue discount of $38,747 and $41,767, respectively	`LongTermDebtNoncurrent`	$761.25M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$219.25M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$222.41M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.31M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.04B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.04B	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; 26,869 and 26,584 shares issued and outstanding, respectively	`CommonStockValue`	$269.00K	USD	Point-in-time
Common stock: $0.01 par value; 100,000 shares authorized; 26,869 and 26,584 shares issued and outstanding, respectively	`CommonStockValue`	$266.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$415.67M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$415.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$425.63M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$416.60M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$321.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$304.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$841.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$833.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.88B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.88B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$72.27M	USD	1 Quarter
Revenues	`Revenues`	$86.25M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$44.33M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$41.62M	USD	1 Quarter
Depreciation	`Depreciation`	$13.53M	USD	1 Quarter
Depreciation	`Depreciation`	$15.21M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$4.31M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$5.39M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.92M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.86M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$71.10M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$72.09M	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$524.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$559.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.67M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$739.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$94.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$179.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$14.92M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.66M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-23.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-4.00K	USD	1 Quarter
Nonoperating Income (Expense), Total	`NonoperatingIncomeExpense`	$-14.74M	USD	1 Quarter
Nonoperating Income (Expense), Total	`NonoperatingIncomeExpense`	$-11.59M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-14.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.09M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-4.97M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$1.53M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-9.04M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.55M	USD	1 Quarter
Basic earnings (loss) per common share	`EarningsPerShareBasic`	$-0.34	USD	1 Quarter
Basic earnings (loss) per common share	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Diluted earnings (loss) per common share	`EarningsPerShareDiluted`	$-0.34	USD	1 Quarter
Diluted earnings (loss) per common share	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Weighted average basic shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	26.72M	shares	1 Quarter
Weighted average basic shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	26.26M	shares	1 Quarter
Weighted average diluted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.12M	shares	1 Quarter
Weighted average diluted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.72M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-9.04M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.55M	USD	1 Quarter
Depreciation	`Depreciation`	$13.53M	USD	1 Quarter
Depreciation	`Depreciation`	$15.21M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$4.31M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$5.39M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.20M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.36M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$1.85M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$-218.00K	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$-5.05M	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$1.16M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$3.72M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$3.96M	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$524.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$559.00K	USD	1 Quarter
Equity in loss from investment	`IncomeLossFromEquityMethodInvestments`	$-6.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.71M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.46M	USD	1 Quarter
Other receivables and current assets	`IncreaseDecreaseInOtherCurrentReceivablesAndOtherCurrentAssets`	$-3.19M	USD	1 Quarter
Other receivables and current assets	`IncreaseDecreaseInOtherCurrentReceivablesAndOtherCurrentAssets`	$6.02M	USD	1 Quarter
Deferred drydocking charges	`IncreaseDecreaseInDeferredCharges`	$6.42M	USD	1 Quarter
Deferred drydocking charges	`IncreaseDecreaseInDeferredCharges`	$5.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.73M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.39M	USD	1 Quarter
Accrued liabilities and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$853.00K	USD	1 Quarter
Accrued liabilities and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$-3.56M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$603.00K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-160.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.38M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.63M	USD	1 Quarter
Costs incurred for MPSV program	`CostsIncurredForMultiPurposeSupportVesselsProgram`	$7.04M	USD	1 Quarter
Costs incurred for OSV newbuild program #4	`CostsIncurredForOffshoreSupplyVesselsNewbuildProgram`	$15.09M	USD	1 Quarter
Net proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.06M	USD	1 Quarter
Net proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.33M	USD	1 Quarter
Vessel capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.10M	USD	1 Quarter
Vessel capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.60M	USD	1 Quarter
Non-vessel capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$357.00K	USD	1 Quarter
Non-vessel capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$400.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.29M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.90M	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$455.00K	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$55.00K	USD	1 Quarter
Net cash proceeds from other shares issued	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$45.00K	USD	1 Quarter
Net cash proceeds from other shares issued	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$497.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.00K	USD	1 Quarter
Effects of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$35.00K	USD	1 Quarter
Effects of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$17.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.63M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.54M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$136.51M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$126.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$136.51M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$126.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.02M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$10.32M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$11.03M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$726.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$376.00K	USD	1 Quarter

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