2012 Form 10-K Financial Statement
#000086682913000012 Filed on February 22, 2013
Income Statement
| Concept | 2012 | 2011 Q4 | 2011 Q3 |
|---|---|---|---|
| Revenue | $846.1M | $200.1M | $213.3M |
| YoY Change | 20.53% | -34.67% | -45.69% |
| Cost Of Revenue | $619.1M | $257.6M | -$153.0M |
| YoY Change | 13.43% | -4.56% | -150.13% |
| Gross Profit | $227.1M | $26.27M | $64.97M |
| YoY Change | 45.39% | 63.37% | -24.93% |
| Gross Profit Margin | 26.84% | 13.13% | 30.46% |
| Selling, General & Admin | $94.40M | $28.80M | $9.100M |
| YoY Change | 9.01% | -5.26% | -65.79% |
| % of Gross Profit | 41.57% | 109.62% | 14.01% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $97.20M | -$148.3M | $72.30M |
| YoY Change | 6.58% | -257.1% | -5.37% |
| % of Gross Profit | 42.8% | -564.46% | 111.28% |
| Operating Expenses | $94.40M | $28.80M | $9.100M |
| YoY Change | 9.01% | -5.26% | -65.92% |
| Operating Profit | $132.7M | -$2.527M | $55.87M |
| YoY Change | -43.66% | -82.35% | -6.65% |
| Interest Expense | -$50.40M | -$26.80M | $5.900M |
| YoY Change | -13.55% | 14.04% | -143.07% |
| % of Operating Profit | -37.98% | 10.56% | |
| Other Income/Expense, Net | -$500.0K | $3.900M | -$8.500M |
| YoY Change | -64.29% | -17.02% | 553.85% |
| Pretax Income | -$126.0M | -$16.20M | -$77.20M |
| YoY Change | -12700.0% | -65.31% | -271.94% |
| Income Tax | -$59.20M | -$34.30M | -$28.20M |
| % Of Pretax Income | |||
| Net Earnings | -$46.30M | $16.76M | $46.03M |
| YoY Change | -135.64% | -133.65% | 75.87% |
| Net Earnings / Revenue | -5.47% | 8.38% | 21.58% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$443.5K | $163.2K | $430.3K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 104.4M | 104.7M | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2012 | 2011 Q4 | 2011 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $437.1M | $546.5M | $375.4M |
| YoY Change | -20.02% | 39.73% | 15.33% |
| Cash & Equivalents | $437.1M | $546.5M | $375.4M |
| Short-Term Investments | $0.00 | ||
| Other Short-Term Assets | $163.2M | $210.2M | $98.90M |
| YoY Change | -22.36% | 132.52% | 5.1% |
| Inventory | $2.500M | $1.700M | $21.60M |
| Prepaid Expenses | |||
| Receivables | $179.2M | $172.2M | $235.0M |
| Other Receivables | $22.20M | $13.70M | $17.80M |
| Total Short-Term Assets | $804.1M | $944.2M | $748.6M |
| YoY Change | -14.84% | 27.44% | 11.85% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $1.486B | $1.460B | $2.474B |
| YoY Change | 1.79% | -42.24% | -5.97% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $167.6M | $175.7M | $186.4M |
| YoY Change | -4.61% | -6.04% | -0.37% |
| Other Assets | $865.6M | $940.0M | $80.30M |
| YoY Change | -7.91% | 1171.99% | 2.55% |
| Total Long-Term Assets | $2.583B | $2.638B | $2.803B |
| YoY Change | -2.11% | -7.47% | -5.8% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $804.1M | $944.2M | $748.6M |
| Total Long-Term Assets | $2.583B | $2.638B | $2.803B |
| Total Assets | $3.387B | $3.582B | $3.552B |
| YoY Change | -5.46% | -0.27% | -2.56% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $92.40M | $73.90M | $145.1M |
| YoY Change | 25.03% | -53.64% | -12.33% |
| Accrued Expenses | $139.1M | $137.2M | $146.5M |
| YoY Change | 1.38% | -27.9% | -24.83% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $16.60M | $7.900M | $7.900M |
| YoY Change | 110.13% | -22.55% | -26.85% |
| Total Short-Term Liabilities | $453.0M | $396.2M | $316.5M |
| YoY Change | 14.34% | 7.72% | -15.44% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.003B | $1.147B | $1.164B |
| YoY Change | -12.62% | -14.87% | -13.57% |
| Other Long-Term Liabilities | $152.3M | $170.6M | $174.3M |
| YoY Change | -10.73% | -3.18% | 1.99% |
| Total Long-Term Liabilities | $1.155B | $1.318B | $1.338B |
| YoY Change | -12.37% | -13.52% | -11.82% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $453.0M | $396.2M | $316.5M |
| Total Long-Term Liabilities | $1.155B | $1.318B | $1.338B |
| Total Liabilities | $1.993B | $2.160B | $2.124B |
| YoY Change | -7.72% | -7.32% | -8.26% |
| 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 | $1.393B | $1.422B | $1.428B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.387B | $3.582B | $3.552B |
| YoY Change | -5.46% | -0.27% | -2.56% |
Cashflow Statement
| Concept | 2012 | 2011 Q4 | 2011 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$46.30M | $16.76M | $46.03M |
| YoY Change | -135.64% | -133.65% | 75.87% |
| Depreciation, Depletion And Amortization | $97.20M | -$148.3M | $72.30M |
| YoY Change | 6.58% | -257.1% | -5.37% |
| Cash From Operating Activities | $452.5M | $216.1M | $100.5M |
| YoY Change | -20.22% | 140.91% | -4.65% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$323.0M | $67.60M | -$61.70M |
| YoY Change | 222.36% | -343.17% | 42.17% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$92.70M | -$87.20M | $1.700M |
| YoY Change | 12.77% | -1484.13% | 88.89% |
| Cash From Investing Activities | -$415.8M | -$19.50M | -$60.00M |
| YoY Change | 128.09% | -9.3% | 41.18% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -145.2M | -25.60M | -80.00M |
| YoY Change | -36.84% | 848.15% | 1059.42% |
| NET CHANGE | |||
| Cash From Operating Activities | 452.5M | 216.1M | 100.5M |
| Cash From Investing Activities | -415.8M | -19.50M | -60.00M |
| Cash From Financing Activities | -145.2M | -25.60M | -80.00M |
| Net Change In Cash | -108.5M | 171.0M | -39.50M |
| YoY Change | -170.0% | 161.07% | -170.54% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $452.5M | $216.1M | $100.5M |
| Capital Expenditures | -$323.0M | $67.60M | -$61.70M |
| Free Cash Flow | $775.5M | $148.5M | $162.2M |
| YoY Change | 16.2% | 26.38% | 9.01% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012 | us-gaap |
Goodwill Other Changes
GoodwillOtherChanges
|
720000 | |
| CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
104449000 | |
| CY2011Q4 | hlx |
Deferred Drydock Expenses Net
DeferredDrydockExpensesNet
|
5381000 | |
| CY2012Q4 | hlx |
Deferred Drydock Expenses Net
DeferredDrydockExpensesNet
|
22704000 | |
| CY2011Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
12941000 | |
| CY2011Q4 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
27300000 | |
| CY2012Q4 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
2898000 | |
| CY2011Q4 | us-gaap |
Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
|
28839000 | |
| CY2012Q4 | us-gaap |
Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
|
6445000 | |
| CY2010 | us-gaap |
Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
|
25356000 | |
| CY2011 | us-gaap |
Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
|
46446000 | |
| CY2012 | us-gaap |
Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
|
59715000 | |
| CY2010 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
53002000 | |
| CY2011 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
126196000 | |
| CY2012 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
17344000 | |
| CY2012Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
31688000 | |
| CY2012Q4 | us-gaap |
Deposit Liability Current
DepositLiabilityCurrent
|
50000000 | |
| CY2010Q4 | us-gaap |
Goodwill
Goodwill
|
62494000 | |
| CY2011 | us-gaap |
Goodwill Other Changes
GoodwillOtherChanges
|
-279000 | |
| CY2011Q1 | us-gaap |
Gross Profit
GrossProfit
|
14395000 | |
| CY2011Q2 | us-gaap |
Gross Profit
GrossProfit
|
44043000 | |
| CY2011Q3 | us-gaap |
Gross Profit
GrossProfit
|
64972000 | |
| CY2011Q4 | us-gaap |
Gross Profit
GrossProfit
|
26273000 | |
| CY2012Q1 | us-gaap |
Gross Profit
GrossProfit
|
72483000 | |
| CY2012Q2 | us-gaap |
Gross Profit
GrossProfit
|
28438000 | |
| CY2012Q3 | us-gaap |
Gross Profit
GrossProfit
|
57919000 | |
| CY2012Q4 | us-gaap |
Gross Profit
GrossProfit
|
-108925000 | |
| CY2011Q4 | us-gaap |
Hedging Liabilities Current
HedgingLiabilitiesCurrent
|
1247000 | |
| CY2012Q4 | us-gaap |
Hedging Liabilities Current
HedgingLiabilitiesCurrent
|
16266000 | |
| CY2012Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
48853000 | |
| CY2012Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
42216000 | |
| CY2012Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-71888000 | |
| CY2012Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
14201000 | |
| CY2012Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
4503000 | |
| 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 | |
| CY2011Q1 | us-gaap |
Revenues
Revenues
|
122748000 | |
| CY2011Q2 | us-gaap |
Revenues
Revenues
|
165861000 | |
| CY2011Q3 | us-gaap |
Revenues
Revenues
|
213278000 | |
| CY2011Q4 | us-gaap |
Revenues
Revenues
|
200113000 | |
| CY2012Q1 | us-gaap |
Revenues
Revenues
|
229842000 | |
| CY2012Q2 | us-gaap |
Revenues
Revenues
|
197461000 | |
| CY2012Q3 | us-gaap |
Revenues
Revenues
|
217110000 | |
| CY2012Q4 | us-gaap |
Revenues
Revenues
|
201696000 | |
| CY2010 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
17.48 | |
| CY2011 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
12.55 | |
| CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
15.00 | |
| CY2010 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
12.01 | |
| CY2011 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
12.77 | |
| CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
18.33 | |
| CY2009Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
21.55 | |
| CY2010Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
16.93 | |
| CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
14.80 | |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
15.09 | |
| CY2010 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
444905 | |
| CY2011 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
504813 | |
| CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
400180 | |
| CY2010 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
25.10 | |
| CY2011 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
19.87 | |
| CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
18.07 |
