2011 Form 10-K Financial Statement
#000086682912000009 Filed on February 24, 2012
Income Statement
| Concept | 2011 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| Revenue | $702.0M | $306.3M | $392.7M |
| YoY Change | -9.36% | 70.17% | 81.81% |
| Cost Of Revenue | $545.8M | $269.9M | $305.2M |
| YoY Change | -9.87% | 51.89% | 44.03% |
| Gross Profit | $156.2M | $16.08M | $86.55M |
| YoY Change | -7.52% | 570.08% | 1960.76% |
| Gross Profit Margin | 22.25% | 5.25% | 22.04% |
| Selling, General & Admin | $86.60M | $30.40M | $26.60M |
| YoY Change | -18.38% | 7.8% | 21.46% |
| % of Gross Profit | 55.44% | 189.03% | 30.73% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $91.20M | $94.40M | $76.40M |
| YoY Change | -71.24% | 75.79% | 48.06% |
| % of Gross Profit | 58.39% | 586.99% | 88.27% |
| Operating Expenses | $86.60M | $30.40M | $26.70M |
| YoY Change | -18.38% | 7.8% | 21.92% |
| Operating Profit | $235.5M | -$14.32M | $59.85M |
| YoY Change | -348.83% | -44.5% | -438.15% |
| Interest Expense | -$58.30M | -$23.50M | -$13.70M |
| YoY Change | -10.45% | -302.59% | -158.05% |
| % of Operating Profit | -24.75% | -22.89% | |
| Other Income/Expense, Net | -$1.400M | $4.700M | -$1.300M |
| YoY Change | 40.0% | 1466.67% | -168.42% |
| Pretax Income | $1.000M | -$46.70M | $44.90M |
| YoY Change | -41.18% | -32.9% | 612.7% |
| Income Tax | -$36.80M | $2.400M | $18.00M |
| % Of Pretax Income | -3680.0% | 40.09% | |
| Net Earnings | $129.9M | -$49.81M | $26.17M |
| YoY Change | -202.28% | 22.69% | 554.28% |
| Net Earnings / Revenue | 18.5% | -16.26% | 6.66% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $1.237M | -$478.4K | $248.8K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 104.5M | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2011 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $546.5M | $391.1M | $325.5M |
| YoY Change | 39.73% | 44.48% | -20.71% |
| Cash & Equivalents | $546.5M | $391.1M | $325.5M |
| Short-Term Investments | |||
| Other Short-Term Assets | $210.2M | $90.40M | $94.10M |
| YoY Change | 132.52% | 13.14% | 0.97% |
| Inventory | $1.700M | $25.30M | $25.30M |
| Prepaid Expenses | |||
| Receivables | $172.2M | $211.0M | $194.1M |
| Other Receivables | $13.70M | $23.10M | $30.30M |
| Total Short-Term Assets | $944.2M | $740.9M | $669.3M |
| YoY Change | 27.44% | 30.99% | -12.6% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $1.460B | $2.527B | $2.631B |
| YoY Change | -42.24% | -11.75% | -7.89% |
| Goodwill | $62.49M | ||
| YoY Change | -20.53% | ||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $175.7M | $187.0M | $187.1M |
| YoY Change | -6.04% | -1.27% | -2.3% |
| Other Assets | $940.0M | $73.90M | $78.30M |
| YoY Change | 1171.99% | -9.21% | -0.25% |
| Total Long-Term Assets | $2.638B | $2.851B | $2.976B |
| YoY Change | -7.47% | -11.29% | -7.15% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $944.2M | $740.9M | $669.3M |
| Total Long-Term Assets | $2.638B | $2.851B | $2.976B |
| Total Assets | $3.582B | $3.592B | $3.645B |
| YoY Change | -0.27% | -4.96% | -8.2% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $73.90M | $159.4M | $165.5M |
| YoY Change | -53.64% | 2.51% | -6.55% |
| Accrued Expenses | $137.2M | $190.3M | $194.9M |
| YoY Change | -9.02% | -3.35% | 2.04% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $7.900M | $10.20M | $10.80M |
| YoY Change | -22.55% | -17.74% | -17.56% |
| Total Short-Term Liabilities | $396.2M | $367.8M | $374.3M |
| YoY Change | 7.72% | -0.19% | -24.73% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.147B | $1.348B | $1.347B |
| YoY Change | -14.87% | -0.04% | -0.05% |
| Other Long-Term Liabilities | $170.6M | $176.2M | $170.9M |
| YoY Change | -3.18% | -5.62% | -9.14% |
| Total Long-Term Liabilities | $1.318B | $1.524B | $1.518B |
| YoY Change | -13.52% | -0.72% | -1.17% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $396.2M | $367.8M | $374.3M |
| Total Long-Term Liabilities | $1.318B | $1.524B | $1.518B |
| Total Liabilities | $2.160B | $2.330B | $2.315B |
| YoY Change | -7.32% | -1.6% | -7.82% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $1.422B | $1.262B | $1.330B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.582B | $3.592B | $3.645B |
| YoY Change | -0.27% | -4.96% | -8.2% |
Cashflow Statement
| Concept | 2011 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $129.9M | -$49.81M | $26.17M |
| YoY Change | -202.28% | 22.69% | 554.28% |
| Depreciation, Depletion And Amortization | $91.20M | $94.40M | $76.40M |
| YoY Change | -71.24% | 75.79% | 48.06% |
| Cash From Operating Activities | $567.2M | $89.70M | $105.4M |
| YoY Change | 71.1% | -764.44% | 1169.88% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$100.2M | -$27.80M | -$43.40M |
| YoY Change | -51.55% | -76.28% | -35.99% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$82.20M | $6.300M | $900.0K |
| YoY Change | -426.19% | 384.62% | -99.6% |
| Cash From Investing Activities | -$182.3M | -$21.50M | -$42.50M |
| YoY Change | 0.39% | -81.43% | -127.4% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -229.9M | -2.700M | -6.900M |
| YoY Change | 684.64% | -74.29% | -52.08% |
| NET CHANGE | |||
| Cash From Operating Activities | 567.2M | 89.70M | 105.4M |
| Cash From Investing Activities | -182.3M | -21.50M | -42.50M |
| Cash From Financing Activities | -229.9M | -2.700M | -6.900M |
| Net Change In Cash | 155.0M | 65.50M | 56.00M |
| YoY Change | 28.52% | -146.85% | -62.42% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $567.2M | $89.70M | $105.4M |
| Capital Expenditures | -$100.2M | -$27.80M | -$43.40M |
| Free Cash Flow | $667.4M | $117.5M | $148.8M |
| YoY Change | 23.98% | 13.31% | 95.53% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
104528000 | |
| CY2009 | hlx |
Results Of Operations Proved Property And Goodwill Impairment Charges
ResultsOfOperationsProvedPropertyAndGoodwillImpairmentCharges
|
73407000 | |
| CY2010 | hlx |
Results Of Operations Proved Property And Goodwill Impairment Charges
ResultsOfOperationsProvedPropertyAndGoodwillImpairmentCharges
|
182133000 | |
| CY2011 | hlx |
Results Of Operations Proved Property And Goodwill Impairment Charges
ResultsOfOperationsProvedPropertyAndGoodwillImpairmentCharges
|
133406000 | |
| CY2010Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
-17102000 | |
| CY2011Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
12941000 | |
| CY2010 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
8349000 | |
| CY2011 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
42268000 | |
| CY2009 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
71489000 | |
| CY2010 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
53002000 | |
| CY2011 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
126196000 | |
| CY2011 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
30043000 | |
| CY2009 | us-gaap |
Exploration Expense
ExplorationExpense
|
24383000 | |
| CY2010 | us-gaap |
Exploration Expense
ExplorationExpense
|
8276000 | |
| CY2011 | us-gaap |
Exploration Expense
ExplorationExpense
|
10914000 | |
| CY2009Q4 | us-gaap |
Goodwill
Goodwill
|
78643000 | |
| CY2010 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
16743000 | |
| CY2010 | us-gaap |
Goodwill Other Changes
GoodwillOtherChanges
|
594000 | |
| CY2011 | us-gaap |
Goodwill Other Changes
GoodwillOtherChanges
|
-279000 | |
| CY2010Q1 | us-gaap |
Gross Profit
GrossProfit
|
25856000 | |
| CY2010Q2 | us-gaap |
Gross Profit
GrossProfit
|
-94818000 | |
| CY2010Q3 | us-gaap |
Gross Profit
GrossProfit
|
86552000 | |
| CY2010Q4 | us-gaap |
Gross Profit
GrossProfit
|
16082000 | |
| CY2011Q1 | us-gaap |
Gross Profit
GrossProfit
|
77076000 | |
| CY2011Q2 | us-gaap |
Gross Profit
GrossProfit
|
100198000 | |
| CY2011Q3 | us-gaap |
Gross Profit
GrossProfit
|
122295000 | |
| CY2011Q4 | us-gaap |
Gross Profit
GrossProfit
|
31023000 | |
| CY2010Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17831000 | |
| CY2010Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-85517000 | |
| CY2010Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
26171000 | |
| CY2010Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-49811000 | |
| CY2011Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
25867000 | |
| CY2011Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
41323000 | |
| CY2011Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
46026000 | |
| CY2011Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
16763000 | |
| CY2009 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
203815000 | |
| CY2010 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-94656000 | |
| CY2011 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
235528000 | |
| CY2011 | us-gaap |
Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
|
94078000 | |
| CY2010 | us-gaap |
Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
|
-97252000 | |
| CY2009 | us-gaap |
Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
|
68416000 |
