10-Q Filing

HORNBECK OFFSHORE SERVICES INC /LA CIK: 1131227 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-215017`
Period End Date	20120331
Filing Date	20120507
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	hos-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 39 Cash Flow Statement 66 Comprehensive Income 6

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.25M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.27M	USD	Point-in-time
Current portion of long-term debt, original issue discount	`DebtInstrumentUnamortizedDiscountCurrent`	$29.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$356.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$452.62M	USD	Point-in-time
Long-term debt, original issue discount	`DebtInstrumentUnamortizedDiscount`	$29.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.51M	USD	Point-in-time
Long-term debt, original issue discount	`DebtInstrumentUnamortizedDiscount`	$25.91M	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
Accounts receivable, net of allowance for doubtful accounts of $1,267 and $1,253, respectively	`AccountsReceivableNetCurrent`	$91.18M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,267 and $1,253, respectively	`AccountsReceivableNetCurrent`	$85.63M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$26.09M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$26.80M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$468.56M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$570.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.61B	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.64B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred charges, net	`DeferredCosts`	$57.78M	USD	Point-in-time
Deferred charges, net	`DeferredCosts`	$47.78M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.21M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.98M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total assets	`Assets`	$2.28B	USD	Point-in-time
Total assets	`Assets`	$2.14B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.30M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.01M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	35.01M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	35.30M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.71M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$5.46M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$8.96M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$8.23M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$12.78M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.31M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.77M	USD	Point-in-time
Current portion of long-term debt, net of original issue discount of $29	`LongTermDebtCurrent`	$47.77M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$7.13M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$16.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$67.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$121.91M	USD	Point-in-time
Long-term debt, net of original issue discount of $25,907 and $29,352, respectively	`LongTermDebtNoncurrent`	$849.09M	USD	Point-in-time
Long-term debt, net of original issue discount of $25,907 and $29,352, respectively	`LongTermDebtNoncurrent`	$770.65M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$223.68M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$226.29M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.68M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.20B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.06B	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; 35,296 and 35,013 shares issued and outstanding, respectively	`CommonStockValue`	$353.00K	USD	Point-in-time
Common stock: $0.01 par value; 100,000 shares authorized; 35,296 and 35,013 shares issued and outstanding, respectively	`CommonStockValue`	$350.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$649.24M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$649.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$423.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$429.38M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-79.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$301.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.07B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.08B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.28B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.14B	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$119.97M	USD	1 Quarter
Revenues	`Revenues`	$72.27M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$59.21M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$41.62M	USD	1 Quarter
Depreciation	`Depreciation`	$15.08M	USD	1 Quarter
Depreciation	`Depreciation`	$15.21M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$5.92M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$5.39M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$11.13M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.86M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$91.33M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$72.09M	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$8.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$559.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$739.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$28.65M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-5.19M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$553.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$179.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$14.92M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.93M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-4.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$105.00K	USD	1 Quarter
Nonoperating Income (Expense), Total	`NonoperatingIncomeExpense`	$-18.47M	USD	1 Quarter
Nonoperating Income (Expense), Total	`NonoperatingIncomeExpense`	$-14.74M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.18M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-14.00M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-4.97M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$3.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.31M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-9.04M	USD	1 Quarter
Basic earnings (loss) per common share	`EarningsPerShareBasic`	$-0.34	USD	1 Quarter
Basic earnings (loss) per common share	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Diluted earnings (loss) per common share	`EarningsPerShareDiluted`	$-0.34	USD	1 Quarter
Diluted earnings (loss) per common share	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Weighted average basic shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	26.72M	shares	1 Quarter
Weighted average basic shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	35.13M	shares	1 Quarter
Weighted average diluted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.72M	shares	1 Quarter
Weighted average diluted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.01M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$6.31M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-9.04M	USD	1 Quarter
Depreciation	`Depreciation`	$15.08M	USD	1 Quarter
Depreciation	`Depreciation`	$15.21M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$5.92M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$5.39M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.25M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.20M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-5.19M	USD	1 Quarter
Provision for bad debts	`ProvisionAndRecoveryForDoubtfulAccounts`	$1.85M	USD	1 Quarter
Provision for bad debts	`ProvisionAndRecoveryForDoubtfulAccounts`	$14.00K	USD	1 Quarter
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-5.05M	USD	1 Quarter
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$3.73M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$4.14M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$3.96M	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$8.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$559.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.46M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.57M	USD	1 Quarter
Other receivables and current assets	`IncreaseDecreaseInOtherCurrentReceivablesAndOtherCurrentAssets`	$6.02M	USD	1 Quarter
Other receivables and current assets	`IncreaseDecreaseInOtherCurrentReceivablesAndOtherCurrentAssets`	$1.86M	USD	1 Quarter
Deferred drydocking charges	`IncreaseDecreaseInDeferredCharges`	$5.20M	USD	1 Quarter
Deferred drydocking charges	`IncreaseDecreaseInDeferredCharges`	$8.16M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$539.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.73M	USD	1 Quarter
Accrued liabilities and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$853.00K	USD	1 Quarter
Accrued liabilities and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$2.35M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-3.49M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$603.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.38M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.44M	USD	1 Quarter
Costs incurred for OSV newbuild program #5	`CostsIncurredForOffshoreSupplyVesselsNewbuildProgram`	$38.51M	USD	1 Quarter
Net proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.06M	USD	1 Quarter
Net proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00K	USD	1 Quarter
Vessel capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.60M	USD	1 Quarter
Vessel capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.86M	USD	1 Quarter
Non-vessel capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$501.00K	USD	1 Quarter
Non-vessel capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$357.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-44.87M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.90M	USD	1 Quarter
Repayment of senior notes	`RepaymentsOfSeniorDebt`	$252.21M	USD	1 Quarter
Proceeds from the issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$375.00M	USD	1 Quarter
Redemption premium on the retirement of debt	`PaymentOfPremiumsForDebtExtinguishment`	$3.20M	USD	1 Quarter
Payments for public offerings of common stock	`PaymentsOfStockIssuanceCosts`	$179.00K	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$6.86M	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$455.00K	USD	1 Quarter
Net cash proceeds from other shares issued	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.26M	USD	1 Quarter
Net cash proceeds from other shares issued	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$497.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$113.81M	USD	1 Quarter
Effects of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$380.00K	USD	1 Quarter
Effects of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$17.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$95.77M	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`	$356.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$452.62M	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`	$136.51M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$356.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$452.62M	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`	$136.51M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$10.32M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$14.76M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$376.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$532.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$6.31M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-9.04M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$380.00K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$17.00K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$6.69M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-9.02M	USD	1 Quarter

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