Helix energy solutions group, inc. (HLX)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flows from operating activities:
Net income (loss)

57,697

28,598

30,052

-81,445

-376,980

195,550

113,049

-43,156

133,037

-124,153

175,751

-590,057

Adjustments to reconcile net income (loss) to net cash used in operating activities:
Income from discontinued operations, net of tax

-

-

-

-

-

-

1,073

23,684

95,221

-106,657

9,581

-9,812

Depreciation and amortization

112,720

110,522

108,745

114,187

120,401

109,345

98,535

97,201

91,188

81,878

262,617

333,726

Goodwill, Impairment Loss

-

-

-

45,107

-

-

-

-

-

16,743

-

704,311

Non-cash impairment charges

-

-

-

-

361,409

0

0

177,135

6,564

4,077

121,855

215,675

Amortization of debt discounts

6,261

5,735

4,688

5,905

5,957

5,596

5,172

9,729

8,973

8,409

7,880

7,385

Exploratory drilling and related expenditures

-

-

-

-

-

-

-

-

-

-

21,367

27,703

Equity in earnings of investments, net of distributions

-

-

-

-

-

-

-

-

-

-

6,321

2,846

Amortization of debt issuance costs

3,600

3,592

6,154

7,733

5,664

4,870

5,187

9,086

8,910

7,703

6,693

5,641

Share-based compensation

11,469

9,925

10,877

5,862

6,543

3,133

8,307

7,627

6,973

7,475

11,992

21,412

Excess tax benefit from share-based compensation

-

-

-

-

-

68

219

-1,186

-1,013

-3,945

895

-1,335

Deferred income taxes

3,485

-2,430

-54,585

14,849

-103,022

23,154

-24,937

-69,584

-4,188

-46,836

-64,926

-5,402

Equity in losses of investment

1,439

-3,918

-2,368

-2,166

-124,345

0

0

-

-

-

-

-

Gain on investment in Cal Dive common stock

-

-

-

-

-

-

-

-

753

-

77,343

0

(Gain) loss on disposition of assets, net

0

146

-39

1,290

92

10,240

14,727

-13,476

-6

9,118

2,019

73,471

Loss on extinguishment of long-term debt

-18

-1,183

-397

-3,540

0

0

-12,100

-17,127

-2,354

-

-

-

Other than temporary loss on equity investments

-

-

-

-

-

-

-

-

10,563

2,240

-

-

Unrealized gain on derivative contracts, net

3,383

2,324

4,423

8,800

-18,281

-1,320

-77

250

-382

-1,568

5,237

-1,669

Changes in operating assets and liabilities:
Accounts receivable, net

3,050

-20,920

28,424

22,437

-36,354

-43,963

3,320

3,652

30,491

29,727

-52,245

-36,956

Other current assets

-25,383

9,904

15,680

2,386

-7,956

6,461

-14,277

10,434

-18,783

2,088

-51,158

-4,958

Income tax payable, net of income tax receivable

-4,456

964

3,949

-4,571

-7,464

9,088

-56,164

-16,812

6,472

-214

48,831

-12,937

Accounts payable and accrued liabilities

-31,893

-352

33,381

-630

-63,817

12,841

-32,045

73,448

23,191

47,992

-62,341

-126,082

Oil and gas asset retirement costs

-

-

-

-

-

-1,024

-10,334

-37,970

-4,907

-

-45,038

-25,809

Other non-current, net

6,743

-26,543

45,900

39,076

24,730

31,582

9,024

24,405

192

5,607

62,750

-15,267

Net cash used in operating activities

169,669

196,744

51,638

38,714

110,805

359,485

74,358

452,498

567,155

331,454

417,677

437,719

Net cash used in discontinued operations

-

-

-

-

-

-

-30,503

276,430

384,498

260,082

-6,261

3,151

Net cash provided by operating activities

-

-

-

-

-

-

104,861

176,068

182,657

71,372

423,938

434,568

Cash flows from investing activities:
Capital expenditures

140,854

137,083

231,127

186,487

320,311

336,912

324,426

323,039

100,154

122,218

423,373

855,054

STL acquisition, net

4,081

0

0

-

-

-

-

-

-

-

-

-

Distributions from equity investment

-

-

-

1,200

7,000

7,911

9,295

7,797

1,266

2,286

6,742

11,586

Proceeds from Sale of Equity Method Investments

-

-

-

25,000

0

0

-

-

-

-

-

-

Reduction in cash from deconsolidation of Cal Dive

-

-

-

-

-

-

-

-

-

-

112,995

0

Proceeds from sale of assets

2,550

25

10,000

13,177

17,592

13,574

189,054

19,530

3,588

6,042

23,717

-

Proceeds from insurance reimbursement

-

-

-

-

-

-

-

-

-

7,020

-

13,200

Investments in equity investments

-

-

-

-

-

-

-

-

-

-

1,657

846

Proceeds from sales of property

-

-

-

-

-

-

-

-

-

-

-

274,230

Proceeds from sale of Cal Dive common stock

-

-

-

-

-

-

-

-

-

-

418,168

0

Other

0

-1,044

0

0

-

-

-

-

-

-

-

614

Acquisition of noncontrolling interests

-

-

-

-

-

20,085

0

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

6

-

Net cash used in investing activities

-

-

-

-

-

-

-126,077

-295,712

-95,300

-106,870

-89,404

-557,498

Net cash provided by discontinued operations

-

-

-

-

-

-

582,965

-120,057

-87,017

-74,686

20,872

-476

Net cash used in investing activities

-142,385

-136,014

-221,127

-147,110

-295,719

-335,512

456,888

-415,769

-182,317

-181,556

-68,532

-557,974

Cash flows from financing activities:
Issuance of convertible senior notes

0

125,000

0

125,000

0

0

-

200,000

-

-

-

-

Early extinguishment of Senior Unsecured Notes

-

-

-

-

-

-

281,490

209,500

77,394

-

-

-

Borrowings under revolving credit facility

-

-

-

-

-

-

47,617

100,000

109,400

-

-

1,021,500

Repayment of revolving credit facility

-

-

-

-

-

-

147,617

-

109,400

-

349,500

690,000

Redemption of convertible senior notes

0

60,365

0

138,401

0

0

3,487

298,288

-

-

-

-

Proceeds from term loans

35,000

0

100,000

0

0

-

300,000

100,000

-

-

-

-

Repayment of term loans

35,442

63,807

194,758

62,742

22,500

15,000

374,681

-

-

-

-

-

Proceeds from Nordea Q5000 Loan

-

-

-

-

250,000

0

0

-

-

-

-

-

Repayment of Nordea Q5000 Loan

35,714

35,714

35,715

35,714

17,857

0

0

12,569

130,691

4,326

4,326

4,326

Repayment of MARAD Debt

6,858

6,532

6,222

5,926

5,644

5,376

5,120

4,877

4,645

4,424

4,214

-4,014

Borrowings on CDI Revolver

-

-

-

-

-

-

-

-

-

-

100,000

61,100

Repayments on CDI Revolver

-

-

-

-

-

-

-

-

-

-

-

-61,100

Repayments on CDI term loan

-

-

-

-

-

-

-

-

-

-

-20,000

-60,000

Loan notes repayment

-

-

-

-

-

-

-

-

-

-

2,130

0

Debt issuance costs

1,586

3,867

3,717

4,655

1,737

3,586

10,954

7,580

9,311

2,947

6,970

1,796

Distributions to noncontrolling interests

-

-

-

-

-

1,018

4,097

5,287

-

-

-

-

Net proceeds from issuance of common stock

0

0

219,504

96,547

0

0

-

-

-

-

-

-

Payments related to tax withholding for share-based compensation

1,680

1,407

2,042

341

1,121

-

-

-

-

-

-

-

Capital lease payments

-

-

-

-

-

-

-

-

-

-

-

1,505

Preferred stock dividends paid

-

-

-

-

-

-

-

-

-

-

645

3,192

Repurchases of common stock

-

-

-

-

-

8,382

11,256

7,197

7,604

11,680

13,995

3,925

Excess tax benefit from share-based compensation

-

-

-

-

-

68

219

-1,186

-1,013

-3,945

895

1,335

Exercise of stock options, net and other

-

-

-

-

-

-

734

1,252

763

-1,957

176

2,139

Proceeds from issuance of ESPP shares

462

506

432

708

3,484

3,223

2,711

-

-

-

-

-

Net cash used in financing activities

-45,818

-46,186

77,482

-25,524

204,625

-30,071

-487,421

-145,232

-229,895

-29,279

-300,709

256,216

Effect of exchange rate changes on cash and cash equivalents and restricted cash

1,636

-1,677

1,952

-3,625

-2,011

4,390

-2,725

-860

436

-207

-1,376

-1,903

Net decrease in cash and cash equivalents and restricted cash

-16,898

12,867

-90,055

-137,545

17,700

-1,708

41,100

-109,363

155,379

120,412

47,060

134,058