$HLX
HELIX ENERGY SOLUTIONS GROUP INC

2021 Q1 Form 10-Q Financial Statement

#000086682921000011 Filed on April 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $163.4M $181.0M
YoY Change -9.73% 8.51%
Cost Of Revenue $148.8M $179.0M
YoY Change -16.88% 18.89%
Gross Profit $14.62M $2.010M
YoY Change 627.56% -87.63%
Gross Profit Margin 8.95% 1.11%
Selling, General & Admin $15.18M $16.35M
YoY Change -7.15% 2.27%
% of Gross Profit 103.8% 813.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.57M $31.60M
YoY Change 9.39% 10.84%
% of Gross Profit 236.36% 1572.04%
Operating Expenses $15.18M $16.35M
YoY Change -7.15% 2.27%
Operating Profit -$555.0K -$21.03M
YoY Change -97.36% -7916.73%
Interest Expense $6.112M $7.394M
YoY Change -17.34% -6.36%
% of Operating Profit
Other Income/Expense, Net $1.617M -$10.43M
YoY Change -115.51% -994.25%
Pretax Income -$2.934M -$35.02M
YoY Change -91.62% -2232.83%
Income Tax $100.0K -$21.09M
% Of Pretax Income
Net Earnings -$2.878M -$11.94M
YoY Change -75.89% -1005.77%
Net Earnings / Revenue -1.76% -6.59%
Basic Earnings Per Share -$0.02 -$0.09
Diluted Earnings Per Share -$0.02 -$0.09
COMMON SHARES
Basic Shares Outstanding 149.9M 148.9M
Diluted Shares Outstanding 149.9M 148.9M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $204.8M $159.4M
YoY Change 28.48% -27.55%
Cash & Equivalents $204.8M $159.4M
Short-Term Investments
Other Short-Term Assets $86.24M $71.76M
YoY Change 20.19% -17.7%
Inventory
Prepaid Expenses $15.29M $13.04M
Receivables $132.3M $147.1M
Other Receivables $43.90M $17.00M
Total Short-Term Assets $488.9M $430.6M
YoY Change 13.55% -4.45%
LONG-TERM ASSETS
Property, Plant & Equipment $1.759B $1.810B
YoY Change -2.81% -0.45%
Goodwill $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $37.51M $86.07M
YoY Change -56.42% -12.42%
Total Long-Term Assets $1.933B $2.084B
YoY Change -7.23% -3.39%
TOTAL ASSETS
Total Short-Term Assets $488.9M $430.6M
Total Long-Term Assets $1.933B $2.084B
Total Assets $2.422B $2.514B
YoY Change -3.68% -3.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.15M $90.43M
YoY Change -39.01% 41.62%
Accrued Expenses $76.49M $45.23M
YoY Change 69.12% -44.74%
Deferred Revenue $9.614M $11.38M
YoY Change -15.49% 16.7%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $36.48M $90.84M
YoY Change -59.84% 89.69%
Total Short-Term Liabilities $218.4M $279.6M
YoY Change -21.86% 12.35%
LONG-TERM LIABILITIES
Long-Term Debt $299.6M $303.6M
YoY Change -1.33% -20.39%
Other Long-Term Liabilities $3.105M $36.29M
YoY Change -91.44% -25.07%
Total Long-Term Liabilities $302.7M $339.9M
YoY Change -10.95% -20.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $218.4M $279.6M
Total Long-Term Liabilities $302.7M $339.9M
Total Liabilities $710.3M $861.8M
YoY Change -17.57% -11.84%
SHAREHOLDERS EQUITY
Retained Earnings $468.1M $430.7M
YoY Change 8.67% 10.75%
Common Stock $1.286B $1.316B
YoY Change -2.28% 0.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.707B $1.649B
YoY Change
Total Liabilities & Shareholders Equity $2.422B $2.514B
YoY Change -3.68% -3.57%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$2.878M -$11.94M
YoY Change -75.89% -1005.77%
Depreciation, Depletion And Amortization $34.57M $31.60M
YoY Change 9.39% 10.84%
Cash From Operating Activities $39.87M -$17.22M
YoY Change -331.5% -49.71%
INVESTING ACTIVITIES
Capital Expenditures -$1.300M -$12.40M
YoY Change -89.52% 5.98%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.329M -$12.39M
YoY Change -89.27% 3.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -59.89M -18.39M
YoY Change 225.62% 30.85%
NET CHANGE
Cash From Operating Activities 39.87M -17.22M
Cash From Investing Activities -1.329M -12.39M
Cash From Financing Activities -59.89M -18.39M
Net Change In Cash -20.94M -50.84M
YoY Change -58.81% -14.47%
FREE CASH FLOW
Cash From Operating Activities $39.87M -$17.22M
Capital Expenditures -$1.300M -$12.40M
Free Cash Flow $41.17M -$4.822M
YoY Change -953.77% -78.61%

Facts In Submission

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CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
1649065000
CY2020Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
3323000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-3050000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-13928000
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34566000
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
31598000
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6689000
CY2020Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1633000
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
810000
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
833000
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1904000
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2259000
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-892000
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6517000
CY2020Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
601000
CY2021Q1 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
951000
CY2020Q1 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-9237000
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
463000
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
25375000
CY2021Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-6256000
CY2020Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
17033000
CY2021Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-9361000
CY2020Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
5475000
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4881000
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
15563000
CY2021Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2791000
CY2020Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
16105000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39869000
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17222000
CY2021Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1329000
CY2020Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
12389000
CY2020Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
875000
CY2021Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
43000
CY2020Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
212000
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1878000
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5150000
CY2021Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
217000
CY2020Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
331000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-59885000
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-18391000
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
406000
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2834000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-20939000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-50836000
CY2020Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
23522000
CY2021Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
13847000
CY2021Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">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.</p>
CY2021Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Note 2 — Company Overview</p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">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. Traditionally, our services have covered the lifecycle of an offshore oil or gas field. In recent years, we have seen an increasing demand for our services from the offshore renewable energy market. We provide services primarily in deepwater in the Gulf of Mexico, Brazil, North Sea, Asia Pacific and West Africa regions. Our North Sea operations are subject to seasonal changes in demand, which generally peaks in the summer months and declines in the winter months. Our services are segregated into three reportable business segments: Well Intervention, Robotics and Production Facilities (Note 10).</p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Our Well Intervention segment provides services enabling our customers to safely access offshore wells for the purpose of performing well enhancement or decommissioning operations. Our well intervention vessels include the <i style="font-style:italic;">Q4000</i>, the <i style="font-style:italic;">Q5000</i>, the <i style="font-style:italic;">Q7000</i>, the <i style="font-style:italic;">Seawell</i>, the<i style="font-style:italic;"> Well Enhancer</i>, and two chartered monohull vessels, the <i style="font-style:italic;">Siem H</i>elix <i style="font-style:italic;">1</i> and the <i style="font-style:italic;">Siem Helix 2</i>. Our well intervention equipment includes intervention riser systems (“IRSs”), subsea intervention lubricators (“SILs”) and the Riserless Open-water Abandonment Module (“ROAM”), some of which we provide on a stand-alone basis.</p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Our Robotics segment provides offshore construction, cable trenching, seabed clearance, inspection, repair and maintenance services to both the oil and gas and the renewable energy markets globally. Our Robotics services also complement well intervention services. Our Robotics segment includes remotely operated vehicles (“ROVs”), trenchers and a ROVDrill, and two robotics support vessels under long-term charter, the <i style="font-style:italic;">Grand Canyon II</i> and the <i style="font-style:italic;">Grand Canyon III</i>, as well as spot vessels as needed.</p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;text-indent:36pt;margin:0pt;">Our Production Facilities segment includes the <i style="font-style:italic;">Helix Producer</i> <i style="font-style:italic;">I</i> (the “<i style="font-style:italic;">HP I</i>”), a ship-shaped dynamically positioned floating production vessel, the Helix Fast Response System (the “HFRS”) and our ownership of oil and gas properties. All of our current Production Facilities activities are located in the Gulf of Mexico.</p>
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2021Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
360000
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
2446000
CY2021Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
15289000
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
15904000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
60649000
CY2020Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
20787000
CY2021Q1 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
30052000
CY2020Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
29782000
CY2021Q1 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
7977000
CY2020Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
9651000
CY2021Q1 us-gaap Other Assets Current
OtherAssetsCurrent
86242000
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
102092000
CY2021Q1 hlx Deferred Recertification And Dry Dock Costs Net
DeferredRecertificationAndDryDockCostsNet
19073000
CY2020Q4 hlx Deferred Recertification And Dry Dock Costs Net
DeferredRecertificationAndDryDockCostsNet
21464000
CY2021Q1 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
916000
CY2020Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
861000
CY2021Q1 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
12544000
CY2020Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
12544000
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3756000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3809000
CY2021Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1221000
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1335000
CY2021Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
37510000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
40013000
CY2021Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
20327000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
24768000
CY2021Q1 us-gaap Interest Payable Current
InterestPayableCurrent
3010000
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
7098000
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
9614000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8140000
CY2021Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
30961000
CY2020Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
30913000
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
12574000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
57541000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
39229000
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
16323000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6844000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2340000
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
3484000
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
3212000
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1732000
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
7174000
CY2021Q1 us-gaap Sublease Income
SubleaseIncome
349000
CY2020Q1 us-gaap Sublease Income
SubleaseIncome
279000
CY2021Q1 us-gaap Lease Cost
LeaseCost
21083000
CY2020Q1 us-gaap Lease Cost
LeaseCost
26430000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
16116000
CY2021Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
76486000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
87035000
CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1333000
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1869000
CY2021Q1 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
1772000
CY2020Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
2009000
CY2021Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3105000
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3878000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
16216000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
58445000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
57354000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
28840000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4205000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1591000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
3884000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
154319000
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
15422000
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
138897000
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
50321000
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
88576000
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
138897000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4054000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
170657000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
18049000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
152608000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
51599000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
101009000
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
299560000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
152608000
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M6D
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0753
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0753
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
16502000
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
16472000
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
113000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
36621000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
43133000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
38539000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
8965000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
209412000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
9881000
CY2021Q1 us-gaap Debt Instrument Carrying Amount
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346551000
CY2021Q1 us-gaap Deferred Finance Costs Noncurrent Net
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10513000
CY2021Q1 us-gaap Long Term Debt
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336038000
CY2021Q1 us-gaap Long Term Debt Current
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36478000
CY2021Q1 us-gaap Interest Expense
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6112000
CY2020Q1 us-gaap Interest Expense
InterestExpense
7394000
CY2020Q1 us-gaap Interest Costs Capitalized Adjustment
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1182000
CY2021Q1 us-gaap Interest Income Other
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59000
CY2020Q1 us-gaap Interest Income Other
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466000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10900000
CY2020Q4 us-gaap Contract With Customer Asset Net
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2400000
CY2020Q1 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0
CY2021Q1 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
181021000
CY2021Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
400000
CY2021Q1 us-gaap Interest Income Expense Nonoperating Net
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-6053000
CY2020Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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CY2020Q1 hlx Net Income Tax Benefit From Cares Act
NetIncomeTaxBenefitFromCARESAct
5800000
CY2020Q1 hlx Current Income Tax Benefit From Cares Act
CurrentIncomeTaxBenefitFromCARESAct
15900000
CY2020Q1 hlx Deferred Income Tax Expense From Cares Act
DeferredIncomeTaxExpenseFromCARESAct
10100000
CY2020Q1 hlx Net Income Tax Benefit From Cares Act
NetIncomeTaxBenefitFromCARESAct
5800000
CY2021Q1 hlx Number Of Foreign Subsidiaries
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2
CY2021Q1 hlx Net Deferred Income Tax Benefits From Foreign Subsidiary Restructuring
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8300000
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-616000
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2020Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-7355000
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2021Q1 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-938000
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.320
CY2020Q1 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1051000
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.030
CY2020Q1 hlx Effective Income Tax Rate Reconciliation Cares Act Amount
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-5814000
CY2020Q1 hlx Effective Income Tax Rate Reconciliation Cares Act Percent
EffectiveIncomeTaxRateReconciliationCARESActPercent
0.166
CY2020Q1 hlx Effective Income Tax Reconciliation Subsidiary Restructuring Amount
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-8333000
CY2020Q1 hlx Effective Income Tax Reconciliation Subsidiary Restructuring Percent
EffectiveIncomeTaxReconciliationSubsidiaryRestructuringPercent
0.238
CY2021Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1670000
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.570
CY2020Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-642000
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.018
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
116000
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.040
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.602
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
163415000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10000000.0
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2500000
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3400000
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
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358400000
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
238700000
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
84400000
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
35300000
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-21027000
CY2021Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
19600000
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
24400000
CY2021Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
10400000
CY2020Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
9200000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-2878000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-11938000
CY2021Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
241000
CY2020Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
2086000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
148863000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
149935000
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148863000
CY2021Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
1093000
CY2020Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
722000
CY2021Q1 hlx Weighted Average Number Of Shares Outstanding Including Incremental Shares Diluted
WeightedAverageNumberOfSharesOutstandingIncludingIncrementalSharesDiluted
151028000
CY2020Q1 hlx Weighted Average Number Of Shares Outstanding Including Incremental Shares Diluted
WeightedAverageNumberOfSharesOutstandingIncludingIncrementalSharesDiluted
149585000
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
163415000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
181021000
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6689000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-555000
CY2021Q1 us-gaap Assets
Assets
2421749000
CY2020Q4 us-gaap Assets
Assets
2498278000
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
30913000
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
28258000
CY2021Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
48000
CY2020Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
676000
CY2021Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
30961000
CY2020Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
28934000
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
9397000
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
4785000
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
1790000
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
2584000
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
600000
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1600000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3469000
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7000
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
586000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1811000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1665000
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1371000
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
346551000
CY2021Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
383657000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
404732000
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
418431000

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