2019 Q4 Form 10-K Financial Statement

#000086682920000007 Filed on February 27, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 2018 Q4
Revenue $170.7M $751.9M $158.4M
YoY Change 7.83% 1.63% -3.01%
Cost Of Revenue $144.2M $614.1M $144.5M
YoY Change -0.21% -0.66% 3.36%
Gross Profit $26.58M $137.8M $13.81M
YoY Change 92.43% 13.28% -41.19%
Gross Profit Margin 15.56% 18.33% 8.72%
Selling, General & Admin $20.90M $69.84M $17.30M
YoY Change 20.81% -0.63% 3.59%
% of Gross Profit 78.64% 50.67% 125.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.30M $112.7M $27.20M
YoY Change 4.04% 1.99% 4.62%
% of Gross Profit 106.49% 81.78% 196.94%
Operating Expenses $20.90M $69.84M $17.30M
YoY Change 20.81% -0.63% 3.59%
Operating Profit $5.676M $68.00M -$3.489M
YoY Change -262.68% 31.92% -151.44%
Interest Expense -$600.0K $31.19M -$7.400M
YoY Change -91.89% -4.39% 25.42%
% of Operating Profit -10.57% 45.86%
Other Income/Expense, Net $4.000M $1.165M -$1.700M
YoY Change -335.29% -118.42% -525.0%
Pretax Income $9.100M $65.56M -$12.60M
YoY Change -172.22% 111.48% -1069.23%
Income Tax $1.100M $7.859M $1.200M
% Of Pretax Income 12.09% 11.99%
Net Earnings $8.052M $57.92M -$13.75M
YoY Change -158.57% 102.53% -127.18%
Net Earnings / Revenue 4.72% 7.7% -8.68%
Basic Earnings Per Share $0.05 $0.39 -$0.09
Diluted Earnings Per Share $0.05 $0.38 -$0.09
COMMON SHARES
Basic Shares Outstanding 148.8M shares 147.5M 148.2M shares
Diluted Shares Outstanding 149.6M

Balance Sheet

Concept 2019 Q4 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $208.4M $208.4M $279.5M
YoY Change -25.44% -25.44% 4.84%
Cash & Equivalents $208.4M $208.4M $279.5M
Short-Term Investments
Other Short-Term Assets $50.45M $103.8M $51.59M
YoY Change -2.22% 126.64% 23.53%
Inventory
Prepaid Expenses $12.64M $10.31M
Receivables $125.5M $126.2M $67.93M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $438.5M $438.5M $450.9M
YoY Change -2.76% -2.75% -0.16%
LONG-TERM ASSETS
Property, Plant & Equipment $1.873B $2.074B $1.827B
YoY Change 2.51% 13.53% 1.15%
Goodwill $7.157M $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $84.51M $46.20M $70.06M
YoY Change 20.63% -34.09% -33.41%
Total Long-Term Assets $2.158B $2.158B $1.897B
YoY Change 13.78% 13.78% -0.75%
TOTAL ASSETS
Total Short-Term Assets $438.5M $438.5M $450.9M
Total Long-Term Assets $2.158B $2.158B $1.897B
Total Assets $2.597B $2.597B $2.348B
YoY Change 10.61% 10.61% -0.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $69.06M $69.10M $54.81M
YoY Change 25.98% 26.09% -32.58%
Accrued Expenses $62.39M $103.2M $85.59M
YoY Change -27.11% 71.14% 19.41%
Deferred Revenue $11.57M $10.10M
YoY Change 14.5% -19.87%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $99.73M $99.70M $47.25M
YoY Change 111.06% 110.78% -56.99%
Total Short-Term Liabilities $285.0M $285.0M $191.5M
YoY Change 48.81% 48.83% -27.91%
LONG-TERM LIABILITIES
Long-Term Debt $306.1M $306.1M $393.1M
YoY Change -22.12% -22.13% 1.89%
Other Long-Term Liabilities $38.64M $190.5M $39.54M
YoY Change -2.26% 382.28% -2.83%
Total Long-Term Liabilities $344.8M $496.6M $432.6M
YoY Change -20.3% 14.79% 1.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $285.0M $285.0M $191.5M
Total Long-Term Liabilities $344.8M $496.6M $432.6M
Total Liabilities $893.7M $897.1M $730.0M
YoY Change 22.43% 22.89% -8.23%
SHAREHOLDERS EQUITY
Retained Earnings $445.4M $383.0M
YoY Change 16.27% 8.54%
Common Stock $1.319B $1.309B
YoY Change 0.78% 1.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.700B $1.700B $1.618B
YoY Change
Total Liabilities & Shareholders Equity $2.597B $2.597B $2.348B
YoY Change 10.61% 10.61% -0.64%

Cashflow Statement

Concept 2019 Q4 2019 2018 Q4
OPERATING ACTIVITIES
Net Income $8.052M $57.92M -$13.75M
YoY Change -158.57% 102.53% -127.18%
Depreciation, Depletion And Amortization $28.30M $112.7M $27.20M
YoY Change 4.04% 1.99% 4.62%
Cash From Operating Activities $79.80M $169.7M $45.90M
YoY Change 73.86% -13.76% 126.11%
INVESTING ACTIVITIES
Capital Expenditures -$95.30M -$140.9M -$81.70M
YoY Change 16.65% 2.77% -18.05%
Acquisitions $4.081M
YoY Change
Other Investing Activities $0.00 $0.00 $1.100M
YoY Change -100.0% -100.0%
Cash From Investing Activities -$95.20M -$142.4M -$80.60M
YoY Change 18.11% 4.68% -19.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.20M -45.82M -10.20M
YoY Change 0.0% -0.8% -6.42%
NET CHANGE
Cash From Operating Activities 79.80M 169.7M 45.90M
Cash From Investing Activities -95.20M -142.4M -80.60M
Cash From Financing Activities -10.20M -45.82M -10.20M
Net Change In Cash -25.60M -16.90M -44.90M
YoY Change -42.98% -231.33% -50.28%
FREE CASH FLOW
Cash From Operating Activities $79.80M $169.7M $45.90M
Capital Expenditures -$95.30M -$140.9M -$81.70M
Free Cash Flow $175.1M $310.6M $127.6M
YoY Change 37.23% -6.97% 6.33%

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<div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-weight:bold;">Note 1 — Organization</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Unless the context indicates otherwise, the terms “we,” “us” and “our” in this Annual Report refer collectively to Helix Energy Solutions Group, Inc. and its subsidiaries (“Helix” or the “Company”). 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 provide services primarily in deepwater in the Gulf of Mexico, Brazil, North Sea, Asia Pacific and West Africa regions.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Our Operations</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">We provide services and methodologies that we believe are critical to maximizing production economics. Our life of field services are segregated into </span><span style="font-family:Arial;font-size:10pt;"><span>three</span></span><span style="font-family:Arial;font-size:10pt;"> reportable business segments: Well Intervention, Robotics and Production Facilities (Note 15).</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Our Well Intervention segment includes our vessels and/or equipment used to perform well intervention services primarily in the Gulf of Mexico, Brazil, the North Sea and West Africa. Our well intervention vessels include the </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Q4000</span><span style="font-family:Arial;font-size:10pt;">, the </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Q5000</span><span style="font-family:Arial;font-size:10pt;">, the </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Q7000</span><span style="font-family:Arial;font-size:10pt;">, the </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Seawell</span><span style="font-family:Arial;font-size:10pt;">, the </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Well Enhancer</span><span style="font-family:Arial;font-size:10pt;">, and </span><span style="font-family:Arial;font-size:10pt;"><span>two</span></span><span style="font-family:Arial;font-size:10pt;"> chartered monohull vessels, the </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Siem Helix</span><span style="font-family:Arial;font-size:10pt;"> </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">1</span><span style="font-family:Arial;font-size:10pt;"> and the </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Siem Helix</span><span style="font-family:Arial;font-size:10pt;"> </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">2</span><span style="font-family:Arial;font-size:10pt;">. Our well intervention equipment includes intervention riser systems (“IRSs”) and subsea intervention lubricators (“SILs”), some of which we provide on a stand-alone basis.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Our Robotics segment includes remotely operated vehicles (“ROVs”), trenchers and a ROVDrill, which are designed to complement offshore construction and well intervention services, and </span><span style="font-family:Arial;font-size:10pt;"><span>two</span></span><span style="font-family:Arial;font-size:10pt;"> robotics support vessels under long-term charter: the </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Grand Canyon II</span><span style="font-family:Arial;font-size:10pt;"> and the </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Grand Canyon III</span><span style="font-family:Arial;font-size:10pt;">. We also utilize spot vessels as needed, including the </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Ross Candies</span><span style="font-family:Arial;font-size:10pt;">, which is under a flexible charter agreement. The </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Grand Canyon</span><span style="font-family:Arial;font-size:10pt;"> charter terminated in November 2019.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Our Production Facilities segment includes the </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Helix Producer</span><span style="font-family:Arial;font-size:10pt;"> </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">I</span><span style="font-family:Arial;font-size:10pt;"> (the “</span><span style="font-family:Arial;font-size:10pt;font-style:italic;">HP I</span><span style="font-family:Arial;font-size:10pt;">”), a ship-shaped dynamically positioned floating production vessel, the Helix Fast Response System (the “HFRS”), our ownership interest in Independence Hub, LLC (“Independence Hub”) (Note 5), and our ownership of oil and gas properties acquired from Marathon Oil Corporation (“Marathon Oil”) in January 2019 (Note 8). All of our current production facilities activities are located in the Gulf of Mexico.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">On May 29, 2019, we acquired a </span><span style="font-family:Arial;font-size:10pt;"><span>70%</span></span><span style="font-family:Arial;font-size:10pt;"> controlling interest in Subsea Technologies Group Limited (“STL”), a subsea engineering firm based in Aberdeen, Scotland, for </span><span style="font-family:Arial;font-size:10pt;"><span>$5.1 million</span></span><span style="font-family:Arial;font-size:10pt;">, including </span><span style="font-family:Arial;font-size:10pt;"><span>$4.1 million</span></span><span style="font-family:Arial;font-size:10pt;"> in cash and </span><span style="font-family:Arial;font-size:10pt;"><span>$1.0 million</span></span><span style="font-family:Arial;font-size:10pt;"> that we loaned to STL in December 2018. The acquisition is expected to strengthen our supply of subsea intervention systems. The holders of the remaining </span><span style="font-family:Arial;font-size:10pt;"><span>30%</span></span><span style="font-family:Arial;font-size:10pt;"> noncontrolling interest have the right to put their shares to us in June 2024. These redeemable noncontrolling interests have been recognized as temporary equity at their estimated fair value of </span><span style="font-family:Arial;font-size:10pt;"><span>$3.4 million</span></span><span style="font-family:Arial;font-size:10pt;"> at the acquisition date. We recognized </span><span style="font-family:Arial;font-size:10pt;"><span>$2.4 million</span></span><span style="font-family:Arial;font-size:10pt;"> of identifiable intangible assets and </span><span style="font-family:Arial;font-size:10pt;"><span>$6.9 million</span></span><span style="font-family:Arial;font-size:10pt;"> of goodwill, which are reflected in “Other assets” in the accompanying consolidated balance sheet (Note 3). Goodwill is related to the synergies expected from the acquisition. STL is included in our Well Intervention segment and its revenue and earnings are immaterial to our consolidated results.</span></div>
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.</span></div>
CY2019Q4 hlx Deferred Recertification And Dry Dock Costs Net
DeferredRecertificationAndDryDockCostsNet
16100000 USD
CY2018Q4 hlx Deferred Recertification And Dry Dock Costs Net
DeferredRecertificationAndDryDockCostsNet
8500000 USD
CY2019Q4 hlx Accumulated Amortization Deferred Recertification And Dry Dock Costs
AccumulatedAmortizationDeferredRecertificationAndDryDockCosts
15700000 USD
CY2018Q4 hlx Accumulated Amortization Deferred Recertification And Dry Dock Costs
AccumulatedAmortizationDeferredRecertificationAndDryDockCosts
15400000 USD
CY2019 hlx Recertification And Dry Dock Amortization Expense
RecertificationAndDryDockAmortizationExpense
12400000 USD
CY2018 hlx Recertification And Dry Dock Amortization Expense
RecertificationAndDryDockAmortizationExpense
8300000 USD
CY2017 hlx Recertification And Dry Dock Amortization Expense
RecertificationAndDryDockAmortizationExpense
7000000.0 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1500000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4300000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2200000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
13780000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
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740000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net Current
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5829000 USD
CY2019Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
11526000 USD
CY2018Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
10306000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net Current
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28340000 USD
CY2018Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
27368000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
9844000 USD
CY2018Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
8091000 USD
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
50450000 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
51594000 USD
CY2019Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
777000 USD
CY2018Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
5896000 USD
CY2019Q4 hlx Deferred Recertification And Dry Dock Costs Net
DeferredRecertificationAndDryDockCostsNet
16065000 USD
CY2018Q4 hlx Deferred Recertification And Dry Dock Costs Net
DeferredRecertificationAndDryDockCostsNet
8525000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
14531000 USD
CY2018Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
38574000 USD
CY2019Q4 us-gaap Deposits Assets Noncurrent
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12544000 USD
CY2018Q4 us-gaap Deposits Assets Noncurrent
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12544000 USD
CY2019Q4 us-gaap Nontrade Receivables Noncurrent
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27264000 USD
CY2018Q4 us-gaap Nontrade Receivables Noncurrent
NontradeReceivablesNoncurrent
0 USD
CY2019Q4 us-gaap Goodwill
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7157000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
0 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
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3847000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1402000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous Noncurrent
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2323000 USD
CY2018Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
3116000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
84508000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
70057000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
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31417000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
43079000 USD
CY2019Q4 hlx Investee Losses In Excess Of Investment Current
InvesteeLossesInExcessOfInvestmentCurrent
4069000 USD
CY2018Q4 hlx Investee Losses In Excess Of Investment Current
InvesteeLossesInExcessOfInvestmentCurrent
5125000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
11568000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
10103000 USD
CY2019Q4 us-gaap Hedging Liabilities Current
HedgingLiabilitiesCurrent
1002000 USD
CY2018Q4 us-gaap Hedging Liabilities Current
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9311000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
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14333000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
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17976000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
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62389000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
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85594000 USD
CY2019Q4 hlx Investee Losses In Excess Of Investment Noncurrent
InvesteeLossesInExcessOfInvestmentNoncurrent
0 USD
CY2018Q4 hlx Investee Losses In Excess Of Investment Noncurrent
InvesteeLossesInExcessOfInvestmentNoncurrent
6035000 USD
CY2019Q4 us-gaap Deferred Gain On Sale Of Property
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0 USD
CY2018Q4 us-gaap Deferred Gain On Sale Of Property
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5052000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
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8286000 USD
CY2018Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
15767000 USD
CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
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28258000 USD
CY2018Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
0 USD
CY2019Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
0 USD
CY2018Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
884000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
2100000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
11800000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
38644000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
39538000 USD
CY2019Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P15Y
CY2019Q4 us-gaap Property Plant And Equipment Gross
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2922274000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2785778000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
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2900000 USD
CY2019 us-gaap Operating Lease Cost
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70860000 USD
CY2019 us-gaap Short Term Lease Cost
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20384000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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95435000 USD
CY2019 us-gaap Sublease Income
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1391000 USD
CY2019 us-gaap Lease Cost
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103633000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
66820000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
60452000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
57363000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
39202000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6819000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
6251000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
236907000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
31295000 USD
CY2019Q4 us-gaap Operating Lease Liability
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205612000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
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53785000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
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151827000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0754
CY2019 us-gaap Operating Lease Payments
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71698000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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1168000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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122501000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
102140000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
94401000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
55799000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
10448000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
480724000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
147800000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
114500000 USD
CY2018 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
1400000 USD
CY2017 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
1300000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
22540000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount
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28802000 USD
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7753000 USD
CY2018Q4 us-gaap Deferred Finance Costs Noncurrent Net
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10044000 USD
CY2019Q4 us-gaap Long Term Debt
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405853000 USD
CY2018Q4 us-gaap Long Term Debt
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440315000 USD
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99731000 USD
CY2018Q4 us-gaap Long Term Debt Current
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47252000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
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306122000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
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393063000 USD
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99986000 USD
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37310000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
132937000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
133333000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
8749000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
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23831000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
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436146000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
22540000 USD
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
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7753000 USD
CY2019Q4 us-gaap Long Term Debt
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405853000 USD
CY2019Q4 us-gaap Long Term Debt Current
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99731000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
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306122000 USD
CY2019 us-gaap Interest Expense
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31186000 USD
CY2018 us-gaap Interest Expense
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32617000 USD
CY2017 us-gaap Interest Expense
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38274000 USD
CY2019 us-gaap Interest Costs Capitalized Adjustment
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20246000 USD
CY2018 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
15629000 USD
CY2017 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
16906000 USD
CY2019 us-gaap Interest Income Other
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2607000 USD
CY2018 us-gaap Interest Income Other
InterestIncomeOther
3237000 USD
CY2017 us-gaap Interest Income Other
InterestIncomeOther
2590000 USD
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-8333000 USD
CY2018 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-13751000 USD
CY2017 us-gaap Interest Income Expense Nonoperating Net
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-18778000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017Q4 hlx U.S.Tax Cuts And Jobs Act Of2017 Tax Impact
U.S.TaxCutsAndJobsActOf2017TaxImpact
51600000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017Q4 hlx U.S.Tax Cuts And Jobs Act Of2017 Remeasurement Of Deferred Taxes
U.S.TaxCutsAndJobsActOf2017RemeasurementOfDeferredTaxes
59700000 USD
CY2017Q4 hlx U.S.Tax Cuts And Jobs Act Of2017 Transition Tax On Foreign Earnings
U.S.TaxCutsAndJobsActOf2017TransitionTaxOnForeignEarnings
8100000 USD
CY2017Q4 hlx U.S.Tax Cuts And Jobs Act Of2017 Deemed Mandatory Repatriation
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8100000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
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4374000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4830000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
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4161000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
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3485000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
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CY2017 us-gaap Deferred Income Tax Expense Benefit
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-54585000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7859000 USD
CY2018 us-gaap Income Tax Expense Benefit
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2400000 USD
CY2017 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2018 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2017 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2019 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
4144000 USD
CY2018 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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5561000 USD
CY2017 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
2620000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7859000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2400000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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2219000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-221000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
63337000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
59836000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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-20151000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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65556000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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30998000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-20372000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.100
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.159
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.062
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
2.931
CY2019 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0
CY2017 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
-0.397
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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