$HLX
HELIX ENERGY SOLUTIONS GROUP INC

2023 Q2 Form 10-Q Financial Statement

#000086682923000017 Filed on April 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $308.8M $250.1M
YoY Change 89.91% 66.58%
Cost Of Revenue $253.5M $234.9M
YoY Change 54.59% 39.21%
Gross Profit $55.35M $15.18M
YoY Change -4187.81% -181.59%
Gross Profit Margin 17.92% 6.07%
Selling, General & Admin $24.01M $19.63M
YoY Change 36.23% 36.63%
% of Gross Profit 43.37% 129.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.23M $37.54M
YoY Change 18.3% 12.09%
% of Gross Profit 70.87% 247.21%
Operating Expenses $34.84M $19.63M
YoY Change 97.68% 36.63%
Operating Profit $20.51M -$8.303M
YoY Change -208.1% -74.82%
Interest Expense -$4.228M $4.869M
YoY Change -183.99% -8.25%
% of Operating Profit -20.61%
Other Income/Expense, Net -$5.565M $3.444M
YoY Change -58.69% -188.74%
Pretax Income $10.41M -$7.183M
YoY Change -136.84% -81.99%
Income Tax $3.312M -$2.000M
% Of Pretax Income 31.81%
Net Earnings $7.100M -$5.165M
YoY Change -123.91% -87.71%
Net Earnings / Revenue 2.3% -2.07%
Basic Earnings Per Share $0.05 -$0.03
Diluted Earnings Per Share $0.05 -$0.03
COMMON SHARES
Basic Shares Outstanding 151.5M 152.2M
Diluted Shares Outstanding 153.4M 151.8M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $182.7M $166.7M
YoY Change -29.91% -27.45%
Cash & Equivalents $182.7M $166.7M
Short-Term Investments
Other Short-Term Assets $66.97M $63.23M
YoY Change -2.93% 6.67%
Inventory
Prepaid Expenses $21.03M $21.37M
Receivables $260.2M $216.9M
Other Receivables $2.182M $1.093M
Total Short-Term Assets $512.0M $449.4M
YoY Change 5.48% -10.79%
LONG-TERM ASSETS
Property, Plant & Equipment $1.787B $1.626B
YoY Change 16.1% 1.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $94.58M $49.08M
YoY Change 89.86% 14.96%
Total Long-Term Assets $1.912B $1.920B
YoY Change 10.62% 6.45%
TOTAL ASSETS
Total Short-Term Assets $512.0M $449.4M
Total Long-Term Assets $1.912B $1.920B
Total Assets $2.424B $2.369B
YoY Change 9.5% 2.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $145.9M $134.4M
YoY Change 46.35% 37.76%
Accrued Expenses $117.1M $60.81M
YoY Change 37.46% -18.78%
Deferred Revenue $23.62M $11.56M
YoY Change 269.82% 107.86%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $38.50M $38.45M
YoY Change 373.37% -10.82%
Total Short-Term Liabilities $382.7M $288.0M
YoY Change 64.45% 12.08%
LONG-TERM LIABILITIES
Long-Term Debt $222.5M $222.0M
YoY Change -14.1% -14.12%
Other Long-Term Liabilities $186.9M $100.8M
YoY Change 95242.86% 25616.84%
Total Long-Term Liabilities $409.3M $322.8M
YoY Change 57.94% 24.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $382.7M $288.0M
Total Long-Term Liabilities $409.3M $322.8M
Total Liabilities $891.9M $853.6M
YoY Change 30.81% 19.45%
SHAREHOLDERS EQUITY
Retained Earnings $325.2M $318.1M
YoY Change -4.16% -13.8%
Common Stock $1.291B $1.294B
YoY Change -0.29% 0.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.532B $1.516B
YoY Change
Total Liabilities & Shareholders Equity $2.424B $2.369B
YoY Change 9.5% 2.69%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $7.100M -$5.165M
YoY Change -123.91% -87.71%
Depreciation, Depletion And Amortization $39.23M $37.54M
YoY Change 18.3% 12.09%
Cash From Operating Activities $31.50M -$5.392M
YoY Change -639.31% -69.03%
INVESTING ACTIVITIES
Capital Expenditures $1.255M $6.665M
YoY Change -180.24% -1169.82%
Acquisitions
YoY Change
Other Investing Activities $0.00 $365.0K
YoY Change -100.0%
Cash From Investing Activities -$1.255M -$6.300M
YoY Change -120.0% 911.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.646M -9.424M
YoY Change -83.83% 74.26%
NET CHANGE
Cash From Operating Activities 31.50M -5.392M
Cash From Investing Activities -1.255M -6.300M
Cash From Financing Activities -5.646M -9.424M
Net Change In Cash 24.60M -19.93M
YoY Change -171.35% -18.49%
FREE CASH FLOW
Cash From Operating Activities $31.50M -$5.392M
Capital Expenditures $1.255M $6.665M
Free Cash Flow $30.25M -$12.06M
YoY Change -807.18% -28.19%

Facts In Submission

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PaymentsToAcquireProductiveAssets
623000
CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
365000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6300000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-623000
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
136000
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4983000
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
564000
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1525000
CY2023Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
239000
CY2022Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
173000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9424000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5408000
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1187000
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-1005000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-19929000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-24449000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
189111000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
327127000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
169182000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
302678000
CY2023Q1 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>
CY2023Q1 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, robotics and full-field decommissioning operations. Our services are centered on a three-legged business model well positioned for a global energy transition:</p><table style="border-collapse:collapse;font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:18pt;"/><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><i style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:italic;font-weight:normal;">Production maximization</i><span style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:normal;"> </span><span style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:normal;">—</span><span style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:normal;"> our assets and methodologies are specifically designed to efficiently enhance and extend the lives of existing oil and gas reserves; we also offer an alternative to take over end-of-life reserves in preparation for their abandonment;</span></td></tr></table><table style="border-collapse:collapse;font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:18pt;"/><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><i style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:italic;font-weight:normal;">Renewable energy support</i><span style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:normal;"> </span><span style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:normal;">—</span><span style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:normal;"> we are an established global leader in jet trenching and continue to seek to provide specialty support services to offshore wind farm developments, including boulder removal and unexploded ordnance clearance; and</span></td></tr></table><table style="border-collapse:collapse;font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:18pt;"/><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><i style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:italic;font-weight:normal;">Decommissioning</i><span style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:normal;"> </span><span style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:normal;">—</span><span style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:normal;"> we have historical success as a full-field abandonment contractor and believe that regulatory push for </span><span style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:normal;">plug and abandonment </span><span style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:normal;">(“P&amp;A”) and transition to renewable energy will facilitate the continued growth of the abandonment market.</span></td></tr></table><div style="margin-top:12pt;"/><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">We provide services primarily in the Gulf of Mexico, U.S. East Coast, Brazil, North Sea, Asia Pacific and West Africa regions. We have expanded our service capabilities to the Gulf of Mexico shelf with the acquisition of Alliance group of companies (collectively “Alliance”) on July 1, 2022 (Note 3), which we have re-branded as Helix Alliance. Our North Sea operations and our Gulf of Mexico shelf operations related to Helix Alliance are usually subject to seasonal changes in demand, which generally peaks in the summer months and declines in the winter months. Our services are segregated into four reportable business segments: Well Intervention, Robotics, Shallow Water Abandonment, which was formed in the third quarter 2022 comprising the Helix Alliance business (Note 12), and Production Facilities.</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 trenching, seabed clearance, offshore construction 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, the IROV boulder grab 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 0pt 12pt 0pt;">Our Shallow Water Abandonment segment provides services in support of the upstream and midstream ‎industries predominantly in the Gulf of Mexico shelf, including offshore oilfield decommissioning and ‎reclamation, project management, engineered solutions, intervention, maintenance, repair, heavy lift and commercial diving services. Our Shallow Water Abandonment segment includes a diversified fleet of marine assets including liftboats, offshore supply vessels (“OSVs”), dive support vessels (“DSVs”), a heavy lift derrick barge, a crew boat, P&amp;A systems and coiled tubing systems.</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”), which combines the <i style="font-style:italic;">HP I</i>, the <i style="font-style:italic;">Q4000</i> and the <i style="font-style:italic;">Q5000</i> with certain well control equipment that can be deployed to respond to a well control incident, and our ownership of mature oil and gas properties. All of our current Production Facilities activities are located in the Gulf of Mexico.</p>
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
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PrepaidExpenseCurrent
21365000
CY2022Q4 us-gaap Prepaid Expense Current
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CY2023Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
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CY2022Q4 us-gaap Contract With Customer Asset Net Current
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27505000
CY2022Q4 us-gaap Capitalized Contract Cost Net Current
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CY2022Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
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CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
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CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
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PrepaidExpenseNoncurrent
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CY2022Q4 us-gaap Prepaid Expense Noncurrent
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CY2022Q4 us-gaap Nontrade Receivables Noncurrent
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CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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OtherAssetsNoncurrent
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EmployeeRelatedLiabilitiesCurrent
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EmployeeRelatedLiabilitiesCurrent
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BusinessCombinationContingentConsiderationLiabilityNoncurrent
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CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
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OtherAccruedLiabilitiesNoncurrent
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CY2023Q1 us-gaap Other Liabilities Noncurrent
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CY2022Q4 us-gaap Other Liabilities Noncurrent
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CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2023Q1 us-gaap Variable Lease Cost
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CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
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CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
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CY2022Q1 us-gaap Sublease Income
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249000
CY2023Q1 us-gaap Lease Cost
LeaseCost
28562000
CY2022Q1 us-gaap Lease Cost
LeaseCost
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LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q1 us-gaap Operating Lease Liability
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CY2023Q1 us-gaap Operating Lease Liability Current
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CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
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LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2022Q4 us-gaap Operating Lease Liability Current
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CY2022Q4 us-gaap Operating Lease Liability
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OperatingLeasePayments
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CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
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CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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38539000
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CY2022Q1 us-gaap Interest Expense
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CY2022Q1 us-gaap Interest Income Other
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CY2023Q1 us-gaap Interest Income Expense Nonoperating Net
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CY2022Q1 us-gaap Interest Income Expense Nonoperating Net
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CY2023Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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3992000
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CY2022Q1 us-gaap Income Tax Expense Benefit
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2100000
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q1 us-gaap Contract With Customer Asset Credit Loss Expense
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CY2023Q1 us-gaap Contract With Customer Liability
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CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
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CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
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CY2023Q1 us-gaap Revenue Remaining Performance Obligation
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CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2023Q1 us-gaap Revenue Remaining Performance Obligation
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2500000
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CY2022Q4 us-gaap Capitalized Contract Cost Net
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CY2023Q1 us-gaap Capitalized Contract Cost Amortization
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4700000
CY2022Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
4600000
CY2023Q1 us-gaap Operating Income Loss
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CY2022Q1 us-gaap Operating Income Loss
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CY2023Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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151142000
CY2023Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
2740000
CY2022Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
953000
CY2023Q1 hlx Weighted Average Number Of Shares Outstanding Including Incremental Shares Diluted
WeightedAverageNumberOfSharesOutstandingIncludingIncrementalSharesDiluted
154504000
CY2022Q1 hlx Weighted Average Number Of Shares Outstanding Including Incremental Shares Diluted
WeightedAverageNumberOfSharesOutstandingIncludingIncrementalSharesDiluted
152095000
CY2023Q1 us-gaap Assets
Assets
2369334000
CY2022Q4 us-gaap Assets
Assets
2389338000
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
51956000
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
29658000
CY2023Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1168000
CY2022Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
741000
CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
53124000
CY2022Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
30399000
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
141000
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-126000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2418000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1351000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
8498000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
8708000
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
1708000
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
2736000
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
200000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
300000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2277000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1477000
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
42754000
CY2023Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
3992000
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
46746000
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
266797000
CY2023Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
341765000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
270913000
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
349103000

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