$HLX
HELIX ENERGY SOLUTIONS GROUP INC Stock $hlx

$hlx Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000086682917000013 Filed on April 25, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$104.5M	$91.04M
YoY Change	14.82%	-51.99%
Cost Of Revenue	$105.4M	$108.0M
YoY Change	-2.42%	-30.2%
Gross Profit	-$825.0K	-$16.93M
YoY Change	-95.13%	-148.44%
Gross Profit Margin	-0.79%	-18.6%
Selling, General & Admin	$16.84M	$13.83M
YoY Change	21.81%	9.56%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$30.86M	$31.57M
YoY Change	-2.24%	20.99%
% of Gross Profit
Operating Expenses	$16.84M	$13.83M
YoY Change	21.81%	9.56%
Operating Profit	-$17.71M	-$30.76M
YoY Change	-42.43%	-237.75%
Interest Expense	$10.24M	$13.04M
YoY Change	-21.5%	55.12%
% of Operating Profit
Other Income/Expense, Net	-$535.0K	$1.880M
YoY Change	-128.46%	-262.63%
Pretax Income	-$21.02M	-$37.11M
YoY Change	-43.37%	-285.1%
Income Tax	-$4.601M	-$9.288M
% Of Pretax Income
Net Earnings	-$16.42M	-$27.82M
YoY Change	-41.0%	-241.65%
Net Earnings / Revenue	-15.7%	-30.56%
Basic Earnings Per Share	-$0.11	-$0.26
Diluted Earnings Per Share	-$0.11	-$0.26
COMMON SHARES
Basic Shares Outstanding	143.2M shares	105.9M shares
Diluted Shares Outstanding	143.2M shares	105.9M shares

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$537.7M	$488.2M
YoY Change	10.14%	17.55%
Cash & Equivalents	$537.7M	$488.2M
Short-Term Investments
Other Short-Term Assets	$43.44M	$41.59M
YoY Change	4.44%	25.98%
Inventory	$2.500M	$4.500M
Prepaid Expenses
Receivables	$50.90M	$57.80M
Other Receivables	$13.00M	$270.0K
Total Short-Term Assets	$657.9M	$647.2M
YoY Change	1.64%	4.35%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.688B	$1.587B
YoY Change	6.36%	-9.86%
Goodwill		$45.11M
YoY Change		-26.46%
Intangibles
YoY Change
Long-Term Investments		$0.00
YoY Change		-100.0%
Other Assets	$86.57M	$35.16M
YoY Change	146.18%	-39.57%
Total Long-Term Assets	$1.774B	$1.667B
YoY Change	6.43%	-17.8%
TOTAL ASSETS
Total Short-Term Assets	$657.9M	$647.2M
Total Long-Term Assets	$1.774B	$1.667B
Total Assets	$2.432B	$2.314B
YoY Change	5.09%	-12.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$74.71M	$41.37M
YoY Change	80.6%	-48.36%
Accrued Expenses	$58.02M	$67.27M
YoY Change	-13.74%	-4.96%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$67.72M	$71.79M
YoY Change	-5.66%	124.1%
Total Short-Term Liabilities	$200.5M	$180.8M
YoY Change	10.88%	-2.93%
LONG-TERM LIABILITIES
Long-Term Debt	$541.7M	$659.9M
YoY Change	-17.92%	28.33%
Other Long-Term Liabilities	$49.94M	$49.85M
YoY Change	0.19%	8.94%
Total Long-Term Liabilities	$591.6M	$709.8M
YoY Change	-16.65%	26.74%
TOTAL LIABILITIES
Total Short-Term Liabilities	$200.5M	$180.8M
Total Long-Term Liabilities	$591.6M	$709.8M
Total Liabilities	$940.3M	$1.065B
YoY Change	-11.68%	7.18%
SHAREHOLDERS EQUITY
Retained Earnings	$306.4M	$376.5M
YoY Change	-18.6%	-52.99%
Common Stock	$1.277B	$946.0M
YoY Change	34.96%	0.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.492B	$1.250B
YoY Change
Total Liabilities & Shareholders Equity	$2.432B	$2.314B
YoY Change	5.09%	-12.61%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	-$16.42M	-$27.82M
YoY Change	-41.0%	-241.65%
Depreciation, Depletion And Amortization	$30.86M	$31.57M
YoY Change	-2.24%	20.99%
Cash From Operating Activities	$28.80M	$800.0K
YoY Change	3500.0%	-108.0%
INVESTING ACTIVITIES
Capital Expenditures	-$48.00M	-$22.90M
YoY Change	109.61%	-56.38%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$37.10M
YoY Change	-100.0%	316.85%
Cash From Investing Activities	-$48.00M	$14.20M
YoY Change	-438.03%	-132.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$219.5M	$173.0K
YoY Change	126783.82%	-83.14%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	199.9M	-20.10M
YoY Change	-1094.53%	235.0%
NET CHANGE
Cash From Operating Activities	28.80M	800.0K
Cash From Investing Activities	-48.00M	14.20M
Cash From Financing Activities	199.9M	-20.10M
Net Change In Cash	180.7M	-5.100M
YoY Change	-3643.14%	-91.44%
FREE CASH FLOW
Cash From Operating Activities	$28.80M	$800.0K
Capital Expenditures	-$48.00M	-$22.90M
Free Cash Flow	$76.80M	$23.70M
YoY Change	224.05%	-44.24%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2017Q1	hlx	Current Note Receivable Stated Interest Rate Percentage CurrentNoteReceivableStatedInterestRatePercentage	0.06
CY2017Q1	hlx	Debt Instrument Covenant Minimum Cash Amount DebtInstrumentCovenantMinimumCashAmount	100000000	USD
CY2016Q4	hlx	Deferred Drydock Expenses Net DeferredDrydockExpensesNet	14766000	USD
CY2017Q1	dei	Amendment Flag AmendmentFlag	false
CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000866829
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	147654046	shares
CY2017Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	HELIX ENERGY SOLUTIONS GROUP INC
CY2017Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
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CY2016Q4	hlx	Investee Lossesin Excessof Investment InvesteeLossesinExcessofInvestment	10238000	USD
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CY2017Q1	hlx	Long Term Debt Less Current Maturities Gross LongTermDebtLessCurrentMaturitiesGross	570889000	USD
CY2016Q1	hlx	Loss From Equity Method Investments LossFromEquityMethodInvestments	123000	USD
CY2017Q1	hlx	Loss From Equity Method Investments LossFromEquityMethodInvestments	152000	USD
CY2017Q1	hlx	Noncurrent Note Receivable Stated Interest Rate Percentage NoncurrentNoteReceivableStatedInterestRatePercentage	0.05
CY2017Q1	hlx	Number Of Foreign Subsidiaries Not Subject To Credit Agreement Covenants NumberOfForeignSubsidiariesNotSubjectToCreditAgreementCovenants	5
CY2016Q1	hlx	Other Income Expense Oil And Gas OtherIncomeExpenseOilAndGas	2572000	USD
CY2017Q1	hlx	Other Income Expense Oil And Gas OtherIncomeExpenseOilAndGas	2602000	USD
CY2016Q1	hlx	Repayments Of Long Term Secured Debt RepaymentsOfLongTermSecuredDebt	2927000	USD
CY2017Q1	hlx	Repayments Of Long Term Secured Debt RepaymentsOfLongTermSecuredDebt	3073000	USD
CY2016Q1	hlx	Weighted Average Number Of Diluted Shares Including Anti Dilutive Securities WeightedAverageNumberOfDilutedSharesIncludingAntiDilutiveSecurities	105915000	shares
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CY2016Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-10684000	USD
CY2017Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-5226000	USD
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CY2017Q1	us-gaap	Interest Income Other InterestIncomeOther	346000	USD
CY2016Q1	us-gaap	Interest Paid Net InterestPaidNet	7483000	USD
CY2017Q1	us-gaap	Interest Paid Net InterestPaidNet	3557000	USD
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CY2017Q1	us-gaap	Interest Payable Current InterestPayableCurrent	2998000	USD
CY2016Q1	us-gaap	Lessee Leasing Arrangements Operating Leases Term Of Contract LesseeLeasingArrangementsOperatingLeasesTermOfContract	P15Y
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CY2017Q1	us-gaap	Liabilities Liabilities	940251000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2246941000	USD
CY2017Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2432290000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	186395000	USD
CY2017Q1	us-gaap	Liabilities Current LiabilitiesCurrent	200458000	USD
CY2016Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	67571000	USD
CY2017Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	67724000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths	67724000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive	230045000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive	7746000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour	87735000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree	42741000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo	202622000	USD
CY2016Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	558396000	USD
CY2017Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	541664000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-20140000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	199882000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	14218000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-48000000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	807000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	28849000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	-27823000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	-16415000	USD
CY2016Q4	us-gaap	Notes And Loans Receivable Gross Current NotesAndLoansReceivableGrossCurrent	10000000	USD
CY2017Q1	us-gaap	Notes And Loans Receivable Gross Current NotesAndLoansReceivableGrossCurrent	10000000	USD
CY2017Q1	us-gaap	Notes And Loans Receivable Gross Current NotesAndLoansReceivableGrossCurrent	10000000	USD
CY2016Q4	us-gaap	Notes And Loans Receivable Net Noncurrent NotesAndLoansReceivableNetNoncurrent	2827000	USD
CY2017Q1	us-gaap	Notes And Loans Receivable Net Noncurrent NotesAndLoansReceivableNetNoncurrent	3129000	USD
CY2017Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-30756000	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-17705000	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	5296000	USD
CY2017Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	5322000	USD
CY2016Q4	us-gaap	Other Assets Current OtherAssetsCurrent	37388000	USD
CY2017Q1	us-gaap	Other Assets Current OtherAssetsCurrent	43439000	USD
CY2016Q4	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	671000	USD
CY2017Q1	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	1208000	USD
CY2016Q4	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	1511000	USD
CY2017Q1	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	1914000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	72549000	USD
CY2017Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	86565000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-6575000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	3108000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	4499000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	2843000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax	2317000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax	1556000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-6286000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	3108000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax	-289000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax	0	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-1787000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	5951000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax	-3440000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax	-3490000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	3376000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	909000	USD
CY2016Q4	us-gaap	Other Liabilities And Deferred Revenue Noncurrent OtherLiabilitiesAndDeferredRevenueNoncurrent	8197000	USD
CY2017Q1	us-gaap	Other Liabilities And Deferred Revenue Noncurrent OtherLiabilitiesAndDeferredRevenueNoncurrent	7647000	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	52985000	USD
CY2017Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	49942000	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1880000	USD
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-535000	USD
CY2016Q4	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	9547000	USD
CY2017Q1	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	8829000	USD
CY2016Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1211000	USD
CY2017Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	54000	USD
CY2016Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	173000	USD
CY2017Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1306000	USD
CY2016Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	22869000	USD
CY2017Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	48000000	USD
CY2016Q4	us-gaap	Prepaid Expense Other Noncurrent PrepaidExpenseOtherNoncurrent	6418000	USD
CY2017Q1	us-gaap	Prepaid Expense Other Noncurrent PrepaidExpenseOtherNoncurrent	8262000	USD
CY2016Q4	us-gaap	Prepaid Insurance PrepaidInsurance	4426000	USD
CY2017Q1	us-gaap	Prepaid Insurance PrepaidInsurance	4492000	USD
CY2016Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	1200000	USD
CY2017Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	0	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	219509000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Equity Method Investments ProceedsFromSaleOfEquityMethodInvestments	25000000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Equity Method Investments ProceedsFromSaleOfEquityMethodInvestments	0	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	10887000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	USD
CY2016Q1	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	600000	USD
CY2017Q1	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	144000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2450890000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2511931000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1651610000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1687835000	USD
CY2017Q1	us-gaap	Receivable With Imputed Interest Face Amount ReceivableWithImputedInterestFaceAmount	4300000	USD
CY2016Q1	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt	7500000	USD
CY2017Q1	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt	6409000	USD
CY2016Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	8929000	USD
CY2017Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	8929000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	322854000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	306439000	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	91039000	USD
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	104528000	USD
CY2016Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	13826000	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	16841000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1408000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2772000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	1281814000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	1492039000	USD
CY2016Q4	us-gaap	Supplies Supplies	2548000	USD
CY2017Q1	us-gaap	Supplies Supplies	2482000	USD
CY2016Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1214000	USD
CY2017Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	1941000	USD
CY2016Q4	us-gaap	Unbilled Contracts Receivable UnbilledContractsReceivable	10328000	USD
CY2017Q1	us-gaap	Unbilled Contracts Receivable UnbilledContractsReceivable	25821000	USD
CY2016Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	4349000	USD
CY2017Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	1072000	USD
CY2016Q4	us-gaap	Value Added Tax Receivable Current ValueAddedTaxReceivableCurrent	1345000	USD
CY2017Q1	us-gaap	Value Added Tax Receivable Current ValueAddedTaxReceivableCurrent	957000	USD
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	105908000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	143244000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	105908000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	143244000	shares
CY2017Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Company Overview</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We are an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. We seek to provide services and methodologies that we believe are critical to maximizing production economics. We provide services primarily in deepwater in the U.S. Gulf of Mexico, North Sea, Asia Pacific and West Africa regions, and have recently expanded our operations into Brazil with the commencement of operations of the </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Siem Helix 1</font><font style="font-family:Arial;font-size:10pt;">. Our “life of field” services are segregated into </font><font style="font-family:Arial;font-size:10pt;">three</font><font style="font-family:Arial;font-size:10pt;"> reportable business segments: Well Intervention, Robotics and Production Facilities (Note 11).</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Our Well Intervention segment includes our vessels and equipment used to perform well intervention services primarily in the U.S. Gulf of Mexico, North Sea and Brazil. Our Well Intervention segment also includes intervention riser systems (“IRSs”), some of which we rent out on a stand-alone basis, and subsea intervention lubricators (“SILs”). Our well intervention vessels include the </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Q4000</font><font style="font-family:Arial;font-size:10pt;">, the </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Q5000</font><font style="font-family:Arial;font-size:10pt;">, the </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Seawell</font><font style="font-family:Arial;font-size:10pt;">, the</font><font style="font-family:Arial;font-size:10pt;font-style:italic;"> Well Enhancer</font><font style="font-family:Arial;font-size:10pt;">, and the chartered </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Siem Helix 1</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Siem Helix 2 </font><font style="font-family:Arial;font-size:10pt;">vessels to be used in connection with our contracts to provide well intervention services offshore Brazil. We currently have a semi-submersible well intervention vessel under construction, the </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Q7000</font><font style="font-family:Arial;font-size:10pt;">. We previously owned the </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Helix 534</font><font style="font-family:Arial;font-size:10pt;">, which we sold in December 2016. We returned the </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Skandi Constructor</font><font style="font-family:Arial;font-size:10pt;"> to its owner in March 2017 upon the expiration of its charter.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Our Robotics segment includes remotely operated vehicles (“ROVs”), trenchers and ROVDrills designed to complement offshore construction and well intervention services, and currently operates </font><font style="font-family:Arial;font-size:10pt;">three</font><font style="font-family:Arial;font-size:10pt;"> chartered ROV support vessels. Another chartered ROV support vessel, the </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Grand Canyon III</font><font style="font-family:Arial;font-size:10pt;">, is expected to be in service for us in May 2017.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Our Production Facilities segment includes the </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Helix Producer I</font><font style="font-family:Arial;font-size:10pt;"> (the </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">“HP I”</font><font style="font-family:Arial;font-size:10pt;">), a ship-shaped dynamic positioning floating production vessel, and the Helix Fast Response System (the “HFRS”), which provides certain operators access to our </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Q4000</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">HP I</font><font style="font-family:Arial;font-size:10pt;"> vessels in the event of a well control incident in the Gulf of Mexico. The </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">HP I</font><font style="font-family:Arial;font-size:10pt;"> has been under contract to process production from the Phoenix field for the field operator since February 2013. We currently operate under a fixed fee agreement for the </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">HP I</font><font style="font-family:Arial;font-size:10pt;"> for service to the Phoenix field until at least June 1, 2023. The agreement providing various operators with access to the HFRS for well control purposes was recently amended effective February 1, 2017 to reduce the retainer fee and to extend the term of the agreement by </font><font style="font-family:Arial;font-size:10pt;">one year</font><font style="font-family:Arial;font-size:10pt;"> to March 31, 2019. The Production Facilities segment also includes our ownership interest in Independence Hub, LLC (“Independence Hub”) and previously included our former ownership interest in Deepwater Gateway, L.L.C. (“Deepwater Gateway”) that we sold in February 2016 (Note 5).</font></div></div>
CY2017Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Certain reclassifications were made to previously reported amounts in the consolidated financial statements and notes thereto to make them consistent with the current presentation format.</font></div></div>

Files In Submission

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$HLX
HELIX ENERGY SOLUTIONS GROUP INC Stock $hlx

2017 Q1 Form 10-Q Financial Statement

#000086682917000013 Filed on April 25, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HLX HELIX ENERGY SOLUTIONS GROUP INC Stock $hlx

2017 Q1 Form 10-Q Financial Statement

#000086682917000013 Filed on April 25, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HLX
HELIX ENERGY SOLUTIONS GROUP INC Stock $hlx