10-Q Filing

HORNBECK OFFSHORE SERVICES INC /LA CIK: 1131227 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-213168`
Period End Date	20130331
Filing Date	20130510
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	hos-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 39 Cash Flow Statement 70 Comprehensive Income 6

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.03M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.89M	USD	Point-in-time
Current portion of long-term debt, original issue discount	`DebtInstrumentUnamortizedDiscountCurrent`	$8.11M	USD	Point-in-time
Current portion of long-term debt, original issue discount	`DebtInstrumentUnamortizedDiscountCurrent`	$11.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$714.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$576.68M	USD	Point-in-time
Long-term debt, original issue discount	`DebtInstrumentUnamortizedDiscount`	$74.47M	USD	Point-in-time
Long-term debt, original issue discount	`DebtInstrumentUnamortizedDiscount`	$67.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$452.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$356.85M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,887 and $3,028, respectively	`AccountsReceivableNetCurrent`	$103.27M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,887 and $3,028, respectively	`AccountsReceivableNetCurrent`	$118.81M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxesAndOtherAssetsCurrent`	$27.61M	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
Deferred tax assets, net	`DeferredIncomeTaxesAndOtherAssetsCurrent`	$28.72M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$22.85M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$22.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$731.51M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$882.70M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.89B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.81B	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred charges, net	`DeferredCosts`	$74.83M	USD	Point-in-time
Deferred charges, net	`DeferredCosts`	$81.91M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.05M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.79M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.48M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.28M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	35.48M	shares	Point-in-time
Total assets	`Assets`	$2.63B	USD	Point-in-time
Total assets	`Assets`	$2.87B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	35.79M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$48.29M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$14.79M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$13.58M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$13.75M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$11.80M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$19.43M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$19.42M	USD	Point-in-time
Current portion of long-term debt, net of original issue discount of $8,114 and $11,093, respectively	`LongTermDebtCurrent`	$257.27M	USD	Point-in-time
Current portion of long-term debt, net of original issue discount of $8,114 and $11,093, respectively	`LongTermDebtCurrent`	$238.91M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$8.35M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$16.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$343.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$369.50M	USD	Point-in-time
Long-term debt, net of original issue discount of $67,608 and $74,470, respectively	`LongTermDebtNoncurrent`	$850.53M	USD	Point-in-time
Long-term debt, net of original issue discount of $67,608 and $74,470, respectively	`LongTermDebtNoncurrent`	$1.06B	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$270.48M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$272.21M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.37M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.47B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.70B	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; 35,786 and 35,479 shares issued and outstanding, respectively	`CommonStockValue`	$355.00K	USD	Point-in-time
Common stock: $0.01 par value; 100,000 shares authorized; 35,786 and 35,479 shares issued and outstanding, respectively	`CommonStockValue`	$358.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$705.31M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$705.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$466.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$460.09M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-146.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-258.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.17B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.17B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.87B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.63B	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$119.97M	USD	1 Quarter
Revenues	`Revenues`	$147.52M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$63.37M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$59.21M	USD	1 Quarter
Depreciation	`Depreciation`	$15.31M	USD	1 Quarter
Depreciation	`Depreciation`	$15.08M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$5.92M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$7.56M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$13.88M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$11.13M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$100.11M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$91.33M	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$8.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$47.41M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$28.65M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-5.19M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-24.32M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$577.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$553.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$13.93M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.72M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-107.00K	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`	$-37.57M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.84M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.18M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.68M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.31M	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Weighted average basic shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	35.62M	shares	1 Quarter
Weighted average basic shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	35.13M	shares	1 Quarter
Weighted average diluted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.35M	shares	1 Quarter
Weighted average diluted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.01M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.31M	USD	1 Quarter
Depreciation	`Depreciation`	$15.31M	USD	1 Quarter
Depreciation	`Depreciation`	$15.08M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$5.92M	USD	1 Quarter
Amortization	`AmortizationOfDeferredCharges`	$7.56M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.32M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.25M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-5.19M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-24.32M	USD	1 Quarter
Provision for bad debts	`ProvisionAndRecoveryForDoubtfulAccounts`	$14.00K	USD	1 Quarter
Provision for bad debts	`ProvisionAndRecoveryForDoubtfulAccounts`	$-141.00K	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$3.75M	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$1.58M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$4.14M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$6.68M	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$8.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.15M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.57M	USD	1 Quarter
Other receivables and current assets	`IncreaseDecreaseInOtherCurrentReceivablesAndOtherCurrentAssets`	$-3.09M	USD	1 Quarter
Other receivables and current assets	`IncreaseDecreaseInOtherCurrentReceivablesAndOtherCurrentAssets`	$1.86M	USD	1 Quarter
Deferred drydocking charges	`IncreaseDecreaseInDeferredCharges`	$7.43M	USD	1 Quarter
Deferred drydocking charges	`IncreaseDecreaseInDeferredCharges`	$8.16M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.42M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$539.00K	USD	1 Quarter
Accrued liabilities and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$2.35M	USD	1 Quarter
Accrued liabilities and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-422.00K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-3.49M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-1.21M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.46M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$40.24M	USD	1 Quarter
Costs incurred for OSV newbuild program #5	`CostsIncurredForOffshoreSupplyVesselsNewbuildProgram`	$38.51M	USD	1 Quarter
Costs incurred for OSV newbuild program #5	`CostsIncurredForOffshoreSupplyVesselsNewbuildProgram`	$88.61M	USD	1 Quarter
Net proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00K	USD	1 Quarter
Vessel capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.86M	USD	1 Quarter
Vessel capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.91M	USD	1 Quarter
Non-vessel capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$479.00K	USD	1 Quarter
Non-vessel capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$501.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-96.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-44.87M	USD	1 Quarter
Tax shortfall from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-24.00K	USD	1 Quarter
Repayment of senior notes	`RepaymentsOfSeniorDebt`	$252.21M	USD	1 Quarter
Repayment of senior notes	`RepaymentsOfSeniorDebt`	$234.62M	USD	1 Quarter
Proceeds from the issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$375.00M	USD	1 Quarter
Proceeds from the issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$450.00M	USD	1 Quarter
Premium on the retirement of debt	`PaymentOfPremiumsForDebtExtinguishment`	$16.70M	USD	1 Quarter
Premium on the retirement of debt	`PaymentOfPremiumsForDebtExtinguishment`	$3.20M	USD	1 Quarter
Payments for public offering of common stock	`PaymentsOfStockIssuanceCosts`	$179.00K	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$7.26M	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$6.86M	USD	1 Quarter
Net cash proceeds from other shares issued	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.83M	USD	1 Quarter
Net cash proceeds from other shares issued	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.26M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$113.79M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$193.25M	USD	1 Quarter
Effects of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$380.00K	USD	1 Quarter
Effects of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$112.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$95.77M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$137.60M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$714.27M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$576.68M	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`	$356.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$714.27M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$576.68M	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`	$356.85M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$14.27M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$14.76M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$532.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$553.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.31M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-112.00K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$380.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.05M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.69M	USD	1 Quarter

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