Balance Sheet Helix Energy Solutions Group, Inc.

Equities

HLX

US42330P1075

Oil Related Services and Equipment

Market Closed - Nyse Other stock markets 21:00:01 13/09/2024 BST			5-day change	1st Jan Change
9.480 ^USD	+0.42%		-2.77%	-7.78%

09-04	Sector Update: Energy Stocks Steady Premarket Wednesday	MT
09-04	Sector Update: Energy	MT

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Published financial data: HELIX ENERGY SOLUTIONS GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	752M	734M	675M	873M	1.29B
Total Revenues	752M	734M	675M	873M	1.29B
Cost of Goods Sold, Total	614M	654M	659M	822M	1.09B
Gross Profit	138M	79.91M	15.39M	50.62M	200M
Selling General & Admin Expenses, Total	69.84M	58.38M	63.45M	76.75M	94.43M
Provision for Bad Debts	-	2.7M	-	-	-
Other Operating Expenses, Total	69.84M	61.08M	63.45M	76.75M	94.43M
Operating Income	68M	18.82M	-48.06M	-26.14M	106M
Interest Expense, Total	-10.94M	-29.36M	-23.49M	-20.18M	-21.36M
Interest And Investment Income	2.61M	825K	288K	1.23M	4.02M
Net Interest Expenses	-8.33M	-28.53M	-23.2M	-18.95M	-17.34M
Income (Loss) On Equity Invest.	1.44M	216K	-1K	8.26M	-
Currency Exchange Gains (Loss)	1.12M	4.52M	-1.5M	-23.4M	-4.4M
Other Non Operating Income (Expenses)	3.35M	2.92M	2.88M	3.76M	3.02M
EBT, Excl. Unusual Items	65.57M	-2.06M	-69.88M	-56.46M	87.21M
Merger & Related Restructuring Charges	-	-	-	-2.66M	-540K
Impairment of Goodwill	-	-6.69M	-	-	-
Gain (Loss) On Sale Of Assets	-	889K	-631K	-	367K
Asset Writedown	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-18K	9.24M	-136K	-16.05M	-79.52M
EBT, Incl. Unusual Items	65.56M	1.38M	-70.64M	-75.18M	7.51M
Income Tax Expense	7.86M	-18.7M	-8.96M	12.6M	18.35M
Earnings From Continuing Operations	57.7M	20.08M	-61.68M	-87.78M	-10.84M
Net Income to Company	57.7M	20.08M	-61.68M	-87.78M	-10.84M
Minority Interest	222K	2.09M	146K	-	-
Net Income - (IS)	57.92M	22.17M	-61.54M	-87.78M	-10.84M
Preferred Dividend and Other Adjustments	630K	2.54M	241K	-	-
Net Income to Common Incl Extra Items	57.29M	19.63M	-61.78M	-87.78M	-10.84M
Net Income to Common Excl. Extra Items	57.29M	19.63M	-61.78M	-87.78M	-10.84M
Per Share Items
Net EPS - Basic	0.39	0.13	-0.41	-0.58	-0.07
Basic EPS - Continuing Operations	0.39	0.13	-0.41	-0.58	-0.07
Basic Weighted Average Shares Outstanding	148M	149M	150M	151M	151M
Net EPS - Diluted	0.38	0.13	-0.41	-0.58	-0.07
Diluted EPS - Continuing Operations	0.38	0.13	-0.41	-0.58	-0.07
Diluted Weighted Average Shares Outstanding	150M	150M	150M	151M	151M
Normalized Basic EPS	0.28	0.01	-0.29	-0.23	0.36
Normalized Diluted EPS	0.28	0.01	-0.29	-0.23	0.36
Supplemental Items
EBITDA	168M	138M	78.86M	103M	244M
EBITA	70.44M	21.48M	-46.68M	-24.16M	112M
EBIT	68M	18.82M	-48.06M	-26.14M	106M
EBITDAR	272M	254M	175M	212M	392M
Effective Tax Rate - (Ratio)	11.99	-1.35K	12.68	-16.76	244.24
Current Domestic Taxes	-	-	-1.1M	-	1.51M
Current Foreign Taxes	-	-	7.35M	8.22M	5.31M
Total Current Taxes	4.37M	-14.82M	6.24M	8.22M	6.82M
Deferred Domestic Taxes	-	-	-5.76M	1.17M	8.69M
Deferred Foreign Taxes	-	-	-9.45M	3.22M	2.84M
Total Deferred Taxes	3.48M	-3.88M	-15.2M	4.39M	11.53M
Normalized Net Income	41.21M	805K	-43.53M	-35.29M	54.51M
Interest Capitalized	20.25M	1.18M	-	-	-
Interest on Long-Term Debt	31.19M	30.54M	23.49M	20.18M	21.36M
Supplemental Operating Expense Items
Net Rental Expense, Total	104M	116M	96.63M	110M	148M
Imputed Operating Lease Interest Expense	49.16M	50.89M	39.77M	40.27M	49.96M
Imputed Operating Lease Depreciation	54.47M	65.11M	56.86M	69.58M	97.74M
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	11M	12.9M
Stock-Based Comp., Other (Total)	11.47M	8.57M	7.69M	-	-
Total Stock-Based Compensation	11.47M	8.57M	7.69M	11M	12.9M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	208M	291M	254M	187M	332M
Trading Asset Securities, Total	44K	-	-	-	-
Total Cash And Short Term Investments	208M	291M	254M	187M	332M
Accounts Receivable, Total	126M	135M	145M	219M	286M
Other Receivables	-	50.57M	29.92M	-	-
Notes Receivable	-	-	-	-	-
Total Receivables	126M	185M	175M	219M	286M
Inventory	-	-	-	-	-
Prepaid Expenses	11.53M	15.9M	18.23M	26.61M	28.35M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	54.13M	-	73.61M	2.51M	-
Other Current Assets, Total	38.14M	33.17M	9.49M	25.8M	51.05M
Total Current Assets	438M	526M	530M	461M	698M
Gross Property Plant And Equipment	3.12B	3.1B	3.04B	3.21B	3.25B
Accumulated Depreciation	-1.05B	-1.17B	-1.28B	-1.37B	-1.51B
Net Property Plant And Equipment	2.07B	1.93B	1.76B	1.84B	1.74B
Long-term Investments	-	-	-	-	-
Goodwill	7.16M	-	-	-	-
Other Intangibles, Total	3.85M	3.81M	3.47M	4.46M	4.1M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Charges Long-Term	30.6M	22.32M	16.67M	45.21M	71.88M
Other Long-Term Assets, Total	42.91M	13.88M	14.51M	39.61M	40.13M
Total Assets	2.6B	2.5B	2.33B	2.39B	2.56B
Liabilities
Accounts Payable, Total	69.06M	50.02M	87.96M	135M	135M
Accrued Expenses, Total	45.75M	46.48M	52.98M	63.13M	83.41M
Current Portion of Long-Term Debt	99.73M	90.65M	42.87M	38.2M	48.29M
Current Portion of Leases	53.78M	51.6M	55.74M	50.91M	62.66M
Current Income Taxes Payable	-	-	-	479K	1.94M
Unearned Revenue Current, Total	11.57M	8.14M	8.27M	9.96M	32.76M
Other Current Liabilities	5.07M	32.41M	30.46M	-	85M
Total Current Liabilities	285M	279M	278M	298M	449M
Long-Term Debt	306M	259M	262M	226M	313M
Long-Term Leases	152M	101M	50.2M	155M	116M
Unearned Revenue Non Current	8.29M	1.87M	476K	-	-
Deferred Tax Liability Non Current	112M	111M	86.97M	98.88M	111M
Other Non Current Liabilities	30.36M	2.01M	499K	95.23M	66.25M
Total Liabilities	894M	754M	679M	873M	1.06B
Common Stock, Total	1.32B	1.33B	1.29B	1.3B	1.27B
Retained Earnings	445M	465M	411M	323M	312M
Comprehensive Income and Other	-64.74M	-51.62M	-56.08M	-105M	-83.02M
Total Common Equity	1.7B	1.74B	1.65B	1.52B	1.5B
Minority Interest	3.46M	3.86M	-	-	-
Total Equity	1.7B	1.74B	1.65B	1.52B	1.5B
Total Liabilities And Equity	2.6B	2.5B	2.33B	2.39B	2.56B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	150M	151M	152M	152M	152M
ECS Total Common Shares Outstanding	149M	150M	151M	152M	152M
Book Value / Share	11.42	11.58	10.9	9.98	9.86
Tangible Book Value	1.69B	1.74B	1.64B	1.51B	1.5B
Tangible Book Value Per Share	11.34	11.55	10.88	9.95	9.83
Total Debt	611M	502M	411M	470M	541M
Net Debt	403M	211M	157M	283M	208M
Debt Equivalent Oper. Leases	829M	928M	773M	879M	1.18B
Minority Interest, Total (Incl. Fin. Div)	3.46M	3.86M	-	-	-
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Others	-	-	-	-	-
Buildings, Total	-	-	-	-	81.82M
Machinery, Total	2.92B	2.95B	2.94B	3.02B	3B
Full Time Employees	1.65K	1.54K	1.33K	2.28K	2.53K
Accumulated Allowance for Doubtful Accounts (Supple)	-	3.47M	1.48M	2.28M	3.41M
Order Backlog	796M	407M	348M	847M	850M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	57.92M	22.17M	-61.54M	-87.78M	-10.84M
Depreciation & Amortization - CF	97.88M	117M	126M	127M	132M
Amortization of Goodwill and Intangible Assets - (CF)	2.44M	2.66M	1.38M	1.98M	6.14M
Depreciation & Amortization, Total	100M	119M	127M	129M	138M
Amortization of Deferred Charges, Total - (CF)	22.26M	24.44M	17.78M	16.33M	28.2M
(Gain) Loss From Sale Of Asset	-	-889K	631K	-	-367K
Asset Writedown & Restructuring Costs	-	6.69M	-	-	-
(Income) Loss On Equity Investments - (CF)	-1.44M	-216K	1K	-8.26M	-
Stock-Based Compensation (CF)	11.47M	8.57M	7.69M	7.45M	6.51M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	-102K	-18.48M	-12.96M	42.04M	99.36M
Change In Accounts Receivable	-3.05M	-8.42M	-14.15M	-29.86M	-64.52M
Change In Accounts Payable	-31.89M	10.83M	46.64M	9.81M	32M
Change In Income Taxes	-4.46M	-22.12M	18.61M	-49K	-418K
Change in Other Net Operating Assets	18.64M	-43.18M	10.5M	-27.25M	-75.89M
Cash from Operations	170M	98.8M	140M	51.11M	152M
Capital Expenditure	-141M	-20.24M	-8.32M	-33.5M	-19.59M
Sale of Property, Plant, and Equipment	2.55M	963K	51K	-	365K
Cash Acquisitions	-4.08M	-	-	-113M	-
Investment in Marketable and Equity Securities, Total	-	-	-	7.84M	-
Other Investing Activities, Total	-	-	-	-	564K
Cash from Investing	-142M	-19.28M	-8.27M	-138M	-18.66M
Long-Term Debt Issued, Total	35M	200M	-	-	299M
Total Debt Issued	35M	200M	-	-	299M
Long-Term Debt Repaid, Total	-78.01M	-230M	-90.96M	-42.94M	-269M
Total Debt Repaid	-78.01M	-230M	-90.96M	-42.94M	-269M
Issuance of Common Stock	462K	622K	654K	575K	982K
Repurchase of Common Stock	-1.68M	-5.26M	-2M	-1.9M	-13.74M
Other Financing Activities, Total	-1.59M	-18.37M	-3.69M	-580K	8.77M
Cash from Financing	-45.82M	-52.58M	-96M	-44.84M	25.11M
Foreign Exchange Rate Adjustments	1.64M	1.82M	-42K	-5.99M	-15.83M
Net Change in Cash	-16.9M	28.76M	35.81M	-138M	143M
Supplemental Items
Cash Interest Paid	1.91M	15.94M	20.72M	18.27M	20.98M
Cash Income Tax Paid (Refund)	8.86M	7.43M	-10.59M	8.42M	7.39M
Levered Free Cash Flow	-43.32M	127M	100M	125M	250M
Unlevered Free Cash Flow	-46.35M	135M	112M	135M	261M
Change In Net Working Capital	72.18M	-1.28M	-916K	-31.21M	-37.16M
Net Debt Issued / Repaid	-43.01M	-29.56M	-90.96M	-42.94M	29.1M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.72	0.46	-1.25	-0.69	2.68
Return on Total Capital	1.94	0.52	-1.4	-0.81	3.29
Return On Equity %	3.47	1.17	-3.64	-5.55	-0.72
Return on Common Equity	3.45	1.14	-3.65	-5.55	-0.72
Margin Analysis
Gross Profit Margin %	18.33	10.89	2.28	5.8	15.53
SG&A Margin	9.29	7.96	9.4	8.79	7.32
EBITDA Margin %	22.39	18.84	11.69	11.75	18.95
EBITA Margin %	9.37	2.93	-6.92	-2.77	8.69
EBIT Margin %	9.04	2.57	-7.12	-2.99	8.21
Income From Continuing Operations Margin %	7.67	2.74	-9.14	-10.05	-0.84
Net Income Margin %	7.7	3.02	-9.12	-10.05	-0.84
Net Avail. For Common Margin %	7.62	2.68	-9.16	-10.05	-0.84
Normalized Net Income Margin	5.48	0.11	-6.45	-4.04	4.23
Levered Free Cash Flow Margin	-5.76	17.3	14.86	14.29	19.38
Unlevered Free Cash Flow Margin	-6.16	18.41	16.56	15.47	20.22
Asset Turnover
Asset Turnover	0.3	0.29	0.28	0.37	0.52
Fixed Assets Turnover	0.39	0.37	0.37	0.48	0.72
Receivables Turnover (Average Receivables)	5.97	5.62	4.83	4.8	5.1
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	1.54	1.88	1.9	1.55	1.56
Quick Ratio	1.17	1.71	1.54	1.36	1.38
Operating Cash Flow to Current Liabilities	0.6	0.35	0.5	0.17	0.34
Days Sales Outstanding (Average Receivables)	61.14	65.08	75.59	76.05	71.5
Days Outstanding Inventory (Average Inventory)