$HLX
HELIX ENERGY SOLUTIONS GROUP INC

2022 Q1 Form 10-Q Financial Statement

#000086682922000008 Filed on April 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $150.1M $163.4M
YoY Change -8.13% -9.73%
Cost Of Revenue $168.7M $148.8M
YoY Change 13.4% -16.88%
Gross Profit -$18.61M $14.62M
YoY Change -227.25% 627.56%
Gross Profit Margin -12.4% 8.95%
Selling, General & Admin $14.37M $15.18M
YoY Change -5.34% -7.15%
% of Gross Profit 103.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.49M $34.57M
YoY Change -3.12% 9.39%
% of Gross Profit 236.36%
Operating Expenses $14.37M $15.18M
YoY Change -5.34% -7.15%
Operating Profit -$32.98M -$555.0K
YoY Change 5841.8% -97.36%
Interest Expense $5.307M $6.112M
YoY Change -13.17% -17.34%
% of Operating Profit
Other Income/Expense, Net -$3.881M $1.617M
YoY Change -340.01% -115.51%
Pretax Income -$39.89M -$2.934M
YoY Change 1259.61% -91.62%
Income Tax $2.100M $100.0K
% Of Pretax Income
Net Earnings -$42.03M -$2.878M
YoY Change 1360.42% -75.89%
Net Earnings / Revenue -28.0% -1.76%
Basic Earnings Per Share -$0.28 -$0.02
Diluted Earnings Per Share -$0.28 -$0.02
COMMON SHARES
Basic Shares Outstanding 151.1M 149.9M
Diluted Shares Outstanding 151.1M 149.9M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $229.7M $204.8M
YoY Change 12.18% 28.48%
Cash & Equivalents $229.7M $204.8M
Short-Term Investments
Other Short-Term Assets $59.27M $86.24M
YoY Change -31.27% 20.19%
Inventory
Prepaid Expenses $16.81M $15.29M
Receivables $141.8M $132.3M
Other Receivables $29.59M $43.90M
Total Short-Term Assets $503.7M $488.9M
YoY Change 3.03% 13.55%
LONG-TERM ASSETS
Property, Plant & Equipment $1.610B $1.759B
YoY Change -8.47% -2.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $42.69M $37.51M
YoY Change 13.82% -56.42%
Total Long-Term Assets $1.804B $1.933B
YoY Change -6.68% -7.23%
TOTAL ASSETS
Total Short-Term Assets $503.7M $488.9M
Total Long-Term Assets $1.804B $1.933B
Total Assets $2.307B $2.422B
YoY Change -4.72% -3.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $97.53M $55.15M
YoY Change 76.85% -39.01%
Accrued Expenses $74.87M $76.49M
YoY Change -2.11% 69.12%
Deferred Revenue $5.559M $9.614M
YoY Change -42.18% -15.49%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $43.12M $36.48M
YoY Change 18.2% -59.84%
Total Short-Term Liabilities $257.0M $218.4M
YoY Change 17.65% -21.86%
LONG-TERM LIABILITIES
Long-Term Debt $258.5M $299.6M
YoY Change -13.71% -1.33%
Other Long-Term Liabilities $392.0K $3.105M
YoY Change -87.38% -91.44%
Total Long-Term Liabilities $258.9M $302.7M
YoY Change -14.46% -10.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $257.0M $218.4M
Total Long-Term Liabilities $258.9M $302.7M
Total Liabilities $714.6M $710.3M
YoY Change 0.6% -17.57%
SHAREHOLDERS EQUITY
Retained Earnings $369.0M $468.1M
YoY Change -21.16% 8.67%
Common Stock $1.293B $1.286B
YoY Change 0.51% -2.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.593B $1.707B
YoY Change
Total Liabilities & Shareholders Equity $2.307B $2.422B
YoY Change -4.72% -3.68%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$42.03M -$2.878M
YoY Change 1360.42% -75.89%
Depreciation, Depletion And Amortization $33.49M $34.57M
YoY Change -3.12% 9.39%
Cash From Operating Activities -$17.41M $39.87M
YoY Change -143.68% -331.5%
INVESTING ACTIVITIES
Capital Expenditures -$623.0K -$1.300M
YoY Change -52.08% -89.52%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$623.0K -$1.329M
YoY Change -53.12% -89.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.408M -59.89M
YoY Change -90.97% 225.62%
NET CHANGE
Cash From Operating Activities -17.41M 39.87M
Cash From Investing Activities -623.0K -1.329M
Cash From Financing Activities -5.408M -59.89M
Net Change In Cash -24.45M -20.94M
YoY Change 16.76% -58.81%
FREE CASH FLOW
Cash From Operating Activities -$17.41M $39.87M
Capital Expenditures -$623.0K -$1.300M
Free Cash Flow -$16.79M $41.17M
YoY Change -140.78% -953.77%

Facts In Submission

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CY2022Q1 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 production enhancement or decommissioning operations, thereby avoiding drilling new wells by extending the useful lives of existing wells and preserving the environment by preventing uncontrolled releases of oil and gas. 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 systems such as intervention riser systems (“IRSs”), subsea intervention lubricators (“SILs”) and the Riserless Open-water Abandonment Module, 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, trenching, seabed clearance, and inspection, repair and maintenance (“IRM”) services to both the oil and gas and the renewable energy markets globally, thereby assisting the delivery of affordable and reliable energy and supporting the responsible transition away from a carbon-based economy. Additionally, our Robotics services are used in and complement our well intervention services. Our Robotics segment includes remotely operated vehicles (“ROVs”), trenchers and robotics support vessels under term charters 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>
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2022Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
166000
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
639000
CY2022Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
16806000
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
18228000
CY2022Q1 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
5993000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
411072000
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-69230000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-56082000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
1592746000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1647469000
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2307370000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2326028000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
150125000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
163415000
CY2022Q1 us-gaap Cost Of Revenue
CostOfRevenue
168734000
CY2021Q1 us-gaap Cost Of Revenue
CostOfRevenue
148791000
CY2022Q1 us-gaap Gross Profit
GrossProfit
-18609000
CY2021Q1 us-gaap Gross Profit
GrossProfit
14624000
CY2022Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14368000
CY2021Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15179000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-32977000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-555000
CY2022Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-5174000
CY2021Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-6053000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3881000
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1617000
CY2022Q1 hlx Royalty Income And Other
RoyaltyIncomeAndOther
2141000
CY2021Q1 hlx Royalty Income And Other
RoyaltyIncomeAndOther
2057000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-39891000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2934000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2140000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
116000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-42031000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-3050000
CY2021Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-172000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-42031000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-2878000
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
151142000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
149935000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
151142000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
149935000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-42031000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-3050000
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-13148000
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
4613000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-13148000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4613000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-55179000
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1563000
CY2022Q1 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
29522000
CY2021Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
28805000
CY2022Q1 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
6719000
CY2021Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
6519000
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
59274000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
58274000
CY2022Q1 hlx Deferred Recertification And Dry Dock Costs Net
DeferredRecertificationAndDryDockCostsNet
24163000
CY2021Q4 hlx Deferred Recertification And Dry Dock Costs Net
DeferredRecertificationAndDryDockCostsNet
16291000
CY2022Q1 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
222000
CY2021Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
381000
CY2022Q1 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
12544000
CY2021Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
12544000
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3339000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3472000
CY2022Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
2426000
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1967000
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
42694000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
34655000
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19661000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
28657000
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
2761000
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
6746000
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5559000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8272000
CY2022Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
30399000
CY2021Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
29658000
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
16493000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
18379000
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
74873000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
91712000
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
191000
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
476000
CY2022Q1 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
201000
CY2021Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
499000
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
392000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
975000
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
14462000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
16216000
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
4922000
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
3484000
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5438000
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1732000
CY2022Q1 us-gaap Sublease Income
SubleaseIncome
249000
CY2021Q1 us-gaap Sublease Income
SubleaseIncome
349000
CY2022Q1 us-gaap Lease Cost
LeaseCost
24573000
CY2021Q1 us-gaap Lease Cost
LeaseCost
21083000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
48392000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
41808000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
42576000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
18867000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
22168000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
3812000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
177623000
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
23652000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
153971000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
41464000
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
112507000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
153971000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
61174000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
39424000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
6984000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
2462000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
1074000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
4193000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
115311000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9374000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
105937000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
55739000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
50198000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
105937000
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M24D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0699
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0757
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
16010000
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
16502000
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
60699000
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
113000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
43133000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
38539000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
8965000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
209412000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
9881000
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
309930000
CY2022Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
8317000
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
301613000
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
43117000
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
258496000
CY2022Q1 us-gaap Interest Expense
InterestExpense
5307000
CY2021Q1 us-gaap Interest Expense
InterestExpense
6112000
CY2022Q1 us-gaap Interest Income Other
InterestIncomeOther
133000
CY2021Q1 us-gaap Interest Income Other
InterestIncomeOther
59000
CY2022Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-5174000
CY2021Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-6053000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2100000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.054
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.040
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
150125000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
163415000
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
200000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
600000
CY2021Q1 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0
CY2022Q1 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5700000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
8700000
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4300000
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2500000
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
548100000
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
263400000
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
203400000
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
81300000
CY2022Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
6200000
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
3300000
CY2022Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
4600000
CY2021Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
10400000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-42031000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-2878000
CY2021Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
241000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-42031000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
151142000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3119000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
149935000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
151142000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
149935000
CY2022Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
953000
CY2021Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
1093000
CY2022Q1 hlx Weighted Average Number Of Shares Outstanding Including Incremental Shares Diluted
WeightedAverageNumberOfSharesOutstandingIncludingIncrementalSharesDiluted
152095000
CY2021Q1 hlx Weighted Average Number Of Shares Outstanding Including Incremental Shares Diluted
WeightedAverageNumberOfSharesOutstandingIncludingIncrementalSharesDiluted
151028000
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
150125000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
163415000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-32977000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-555000
CY2022Q1 us-gaap Assets
Assets
2307370000
CY2021Q4 us-gaap Assets
Assets
2326028000
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
29658000
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
30913000
CY2022Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
741000
CY2021Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
48000
CY2022Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
30399000
CY2021Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
30961000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
8708000
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
9397000
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
2736000
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
1790000
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
300000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
300000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1477000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3469000
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-126000
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1811000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1351000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1665000
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
309930000
CY2022Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
338219000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
313850000
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
316891000

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