Helix energy solutions group, inc. (HLX)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net income (loss)

42,451

57,697

36,016

31,515

32,476

28,598

92,925

68,094

43,907

30,052

-74,941

-65,769

-70,037

-81,445

-430,899

-432,481

-424,445

-376,980

34,847

100,553

160,970

195,550

224,855

194,661

164,879

113,049

-94,983

-124,710

-107,280

-43,156

145,078

176,239

172,918

133,037

66,545

46,666

-80,516

-124,153

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,073

-70,815

-66,356

-24,111

23,684

0

0

0

-

-

-

-

-

-

-

-

Depreciation and amortization

115,809

112,720

111,603

111,375

111,249

110,522

109,414

108,027

105,669

108,745

112,011

113,325

113,480

114,187

118,914

124,112

125,877

120,401

114,404

110,020

110,708

109,345

108,267

101,696

98,881

98,535

96,558

99,505

96,932

97,201

-76,167

-28,594

23,694

91,188

98,688

102,780

113,194

81,878

0

0

0

Goodwill, Impairment Loss

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash impairment charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,077

0

0

0

Amortization of debt discounts

6,381

6,261

6,139

6,146

5,888

5,735

5,439

5,044

4,904

4,688

4,737

5,074

5,482

5,905

6,203

6,163

6,060

5,957

5,856

5,759

5,663

5,596

5,471

5,380

5,291

5,172

6,326

7,510

8,652

9,729

9,533

9,335

9,121

8,973

8,830

8,687

8,548

8,409

0

0

0

Amortization of debt issuance costs

3,531

3,600

3,641

3,689

3,559

3,592

3,619

3,627

5,731

6,154

6,541

6,921

5,254

7,733

7,977

8,206

8,283

5,664

5,334

5,031

4,870

4,870

4,749

4,798

4,933

5,187

8,187

8,618

8,947

9,086

6,703

7,425

8,540

8,910

9,169

8,712

7,958

7,703

0

0

0

Share-based compensation

11,009

11,469

11,335

11,404

10,144

9,925

10,833

10,718

10,605

10,877

9,124

8,176

7,226

5,862

2,953

5,895

6,197

6,543

5,363

2,893

3,076

3,133

6,721

6,589

6,765

8,307

9,363

9,442

9,142

7,627

5,699

5,693

5,858

6,973

7,421

7,824

7,940

7,475

0

0

0

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-228

-291

68

171

218

221

219

133

-146

-229

-1,186

-1,359

-474

-384

-1,013

-2,374

-2,978

-6,756

-3,945

0

0

0

Deferred income taxes

-3,022

3,485

5,633

37

-2,548

-2,430

-57,282

-56,127

-49,792

-54,585

18,556

24,816

19,095

14,849

-107,345

-110,615

-110,839

-103,022

-3,977

-6,969

-11,367

23,154

23,702

-13,326

-8,314

-24,937

-119,990

-75,150

-50,127

-69,584

-9,400

-6,428

-16,190

-4,188

38,206

31,777

-35,397

-46,836

0

0

0

Equity in losses of investment

1,459

1,439

-3,622

-3,716

-3,822

-3,918

-3,203

-2,943

-2,656

-2,368

-2,075

-2,106

-2,137

-2,166

-123,979

-124,101

-124,222

-124,345

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on investment in Cal Dive common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

753

0

0

0

-

-

0

0

(Gain) loss on disposition of assets, net

-

-

-

-

-

-

-

-

-

-39

1,251

1,251

1,251

1,290

0

0

0

-

-

-

-

10,240

0

0

0

-

-

-

-

-

-

-

-

-6

2,866

2,879

2,887

9,118

0

0

0

Loss on extinguishment of long-term debt

-

-

-

-

-

-1,183

-1,183

-1,181

-1,502

-397

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-12,100

-12,100

-3,528

-2,882

-17,127

0

0

0

-

-

-

-

-

-

-

-

Unrealized gain on derivative contracts, net

3,155

3,383

2,386

2,510

1,619

2,324

2,421

3,495

4,885

4,423

3,809

5,135

5,523

8,800

-6,777

-10,193

-11,751

-18,281

-3,473

-3,192

-3,433

-1,320

-6

492

824

-77

-90

-239

-605

250

251

-565

-814

-382

303

-4,347

-4,251

-1,568

0

0

0

Unrealized foreign currency (gain) loss

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable, net

5,841

3,050

8,710

-4,583

24,425

-20,920

22,484

32,621

41,793

28,424

16,800

51,621

17,829

22,437

-22,334

-84,422

-82,793

-36,354

-47,133

-55,644

-34,573

-43,963

21,862

24,305

12,561

3,320

-36,267

87,774

6,773

3,652

44,159

-52,136

23,275

30,491

24,676

17,343

53,931

29,727

0

0

0

Income tax receivable

0

-

-

-

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

-33,037

-25,383

-7,973

3,199

19,085

9,904

9,197

14,385

14,814

15,680

3,678

10,288

4,695

2,386

9,507

7,003

4,892

-7,956

-19,537

-7,441

-11,004

6,461

13,015

3,200

5,422

-14,277

-15,068

-24,616

8,340

10,434

-12,285

13,500

-10,397

-18,783

17,135

5,853

-47,561

2,088

0

0

0

Income tax payable, net of income tax receivable

-

-

-

-

-

964

0

0

0

-

-

-

-

-

-

-

-4,957

-7,464

-28,504

23,992

29,872

9,088

7,082

-24,086

-61,987

-56,164

-42,027

-74,349

-60,328

-16,812

-15,248

11,709

32,043

6,472

4,019

6,443

6,961

-214

0

0

0

Accounts payable and accrued liabilities

-451

-31,893

-22,085

-9,457

-3,995

-352

9,674

15,211

14,428

33,381

31,839

34,721

27,175

-630

-13,566

-36,478

-36,207

-63,817

-64,331

-36,789

-21,492

12,841

39,395

17,348

2,335

-32,045

43,002

60,439

60,670

73,448

35,992

28,189

45,951

23,191

-19,338

-7,105

11,272

47,992

0

0

0

Oil and gas asset retirement costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,334

-12,110

-24,679

-32,843

-37,970

-5,817

-8,075

-2,114

-4,907

0

0

0

-

0

0

0

Other non-current, net

9,550

6,743

11,863

14,821

-5,735

-26,543

-23,126

-11,861

16,223

45,900

57,178

65,972

59,559

39,076

27,767

16,294

24,011

24,730

40,988

47,136

31,228

31,582

18,221

403

4,776

9,024

1,386

11,582

27,354

24,405

32,608

30,971

4,940

192

-10,687

4,207

7,239

5,607

0

0

0

Net cash used in operating activities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74,358

164,152

202,985

280,023

452,498

524,176

537,602

615,895

567,155

440,819

445,627

398,082

331,454

0

0

0

Net cash used in discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-30,503

-6,762

143,724

170,287

276,430

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

-

-

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

356,113

242,356

161,865

104,861

170,914

59,261

109,736

176,068

0

0

0

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Capital expenditures

141,588

140,854

127,288

122,572

127,524

137,083

155,130

178,700

204,341

231,127

238,562

223,320

211,618

186,487

119,141

145,002

290,656

320,311

412,907

476,783

351,445

336,912

253,019

315,044

325,962

324,426

382,023

309,643

276,532

323,039

149,256

109,811

148,628

100,154

111,049

92,728

88,278

122,218

0

0

0

Distributions from equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

1,200

2,347

4,358

6,821

7,000

8,723

6,904

7,198

7,911

8,226

9,577

9,337

9,295

7,733

10,319

3,904

7,797

6,702

4,417

6,729

1,266

-6,852

-6,952

1,801

2,286

0

0

0

Proceeds from Sale of Equity Method Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

25,000

25,000

25,000

25,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets

2,525

2,550

2,550

2,550

50

25

0

0

0

-

-

-

-

13,177

20,979

20,979

20,979

17,592

10,000

10,000

10,000

13,574

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of Cal Dive common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

Other

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,085

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Net cash used in investing activities

-

-

-

-

-

-

-

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-253,804

-233,674

-136,582

-126,077

-180,206

-171,544

-253,098

-295,712

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

582,965

548,603

494,576

480,768

-120,057

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

456,888

368,397

323,032

227,670

-415,769

-301,469

-224,942

-247,389

-182,317

-184,291

-166,761

-143,896

-181,556

0

0

0

Cash flows from financing activities:
Issuance of convertible senior notes

-

-

-

-

-

125,000

125,000

125,000

125,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200,000

0

0

0

-

-

-

-

-

-

-

-

Early extinguishment of Senior Unsecured Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

209,500

0

0

0

-

-

-

-

-

-

-

-

Borrowings under revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,617

47,617

47,617

2,573

100,000

0

0

0

-

-

-

-

-

-

-

-

Repayment of revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

147,617

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of convertible senior notes

-

-

-

-

-

60,365

60,365

60,362

59,478

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

3,487

157,830

157,830

157,830

298,288

0

0

0

-

-

-

-

-

-

-

-

Proceeds from term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100,000

0

0

0

-

-

-

-

-

-

-

-

Repayment of term loans

35,381

35,442

35,502

35,563

3,275

63,807

64,122

64,436

249,817

194,758

225,750

240,000

61,651

62,742

38,000

30,000

26,250

22,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of Nordea Q5000 Loan

35,714

35,714

35,714

35,714

35,714

35,714

35,715

35,714

35,715

35,715

35,714

35,714

35,714

35,714

35,714

35,715

26,786

17,857

0

0

0

-

-

-

-291,132

0

372,915

377,000

306,701

12,569

29,335

22,250

130,359

130,691

113,022

113,354

4,326

4,326

0

0

0

Repayment of MARAD Debt

7,027

6,858

6,858

6,693

6,693

6,532

6,532

6,375

6,375

6,222

6,222

6,072

6,072

5,926

5,926

5,783

5,783

5,644

5,644

5,509

5,509

5,376

5,376

5,246

5,246

5,120

5,120

4,997

4,997

4,877

4,877

4,760

4,760

4,645

4,203

4,315

9,121

4,424

0

0

0

Loan notes repayment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Debt issuance costs

1,685

1,586

1,544

1,496

206

3,867

3,890

3,908

7,437

3,717

7,119

7,090

3,498

4,655

1,356

1,434

2,948

1,737

0

0

0

-

-

-

-

10,954

10,762

12,027

1,284

7,580

0

0

0

-

-

-

-

2,947

0

0

0

Distributions to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,018

2,056

3,082

4,078

4,097

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

219,504

221,513

277,278

316,056

96,547

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments related to tax withholding for share-based compensation

6,004

1,680

1,694

1,678

1,175

1,407

1,794

1,794

1,794

2,042

1,460

1,460

1,474

341

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Repurchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

900

2,785

3,959

8,382

14,232

12,347

15,232

11,256

5,249

5,249

7,679

7,197

14,042

14,102

7,668

7,604

0

0

0

-

-

0

0

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-228

-291

68

171

218

221

219

133

-146

-229

-1,186

-1,359

-474

-384

-1,013

-2,374

-2,978

-3,072

-3,945

0

0

0

Exercise of stock options, net and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

734

83

694

1,045

1,252

1,254

696

1,214

763

-1,519

-1,681

-2,027

-1,957

0

0

0

Proceeds from issuance of ESPP shares

657

462

462

455

483

506

506

485

447

432

432

387

252

708

708

1,572

2,785

3,484

3,484

3,803

3,580

3,223

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-50,154

-45,818

-45,850

-45,692

-47,467

-46,186

-46,912

-47,104

-135,174

77,482

45,679

80,408

194,498

-25,524

598

-39,405

190,490

204,625

217,155

225,162

-24,765

-30,071

-35,780

-11,406

-174,174

-487,421

-634,536

-663,875

-505,899

-145,232

-13,906

-78,511

-188,444

-229,895

-206,966

-133,801

-24,758

-29,279

0

0

0

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

-2,019

1,636

-921

-236

-1,191

-1,677

-922

156

1,939

1,952

783

-559

-2,384

-3,625

-3,433

-6,463

-1,407

-2,011

2,083

10,309

3,630

4,390

-181

-9,346

-6,680

-2,725

-1,624

1,884

3,409

-860

-363

1,164

-145

436

313

-877

-1,075

-207

0

0

0

Net decrease in cash and cash equivalents and restricted cash

-8,298

-16,898

-38,752

-27,348

-53,962

12,867

-31,797

-101,945

-263,741

-90,055

-125,217

-101,755

49,542

-137,545

13,170

-7,872

72,882

17,700

-77,593

-1,395

-54,777

-1,708

66,348

-12,070

-155,571

41,100

-103,611

-135,974

5,203

-109,363

208,438

235,313

179,917

155,379

49,875

144,188

228,353

120,412

0

0

0