HELIX ENERGY SOLUTIONS GROUP, INC. HLX Income Statement

Helix energy solutions group, inc. (HLX)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Net revenues:
Contracting services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	213,278	165,861	122,748	-	297,103	196,676	110,855	152,310	404,647
Oil and gas
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	159,218	172,458	168,859	-	95,566	102,586	90,715	63,715	89,992
Net revenues
181,021	170,749	212,609	201,728	166,823	158,356	212,575	204,625	164,262	163,266	163,260	150,329	104,528	128,031	161,245	107,267	91,039	157,683	182,462	166,016	189,641	207,160	340,837	305,587	253,572	226,837	220,117	232,178	197,429	201,696	217,110	197,461	229,842	-300,422	372,496	338,319	291,607	-119,032	392,669	299,262	201,570	216,025	494,639
Cost of sales:
Cost of sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	148,559	147,491	-	174,711	147,614	116,521	106,907	167,567	211,634	140,126	86,248	127,402	312,502
Asset impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,632	21,532	-	-	-	-	-	-	-	-	-	-	-
Oil and gas
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	102,587	110,027	107,624	-	93,586	94,092	89,466	84,469	-16,692
Oil and gas property impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,573	-	-	897	159,862	-	1,537	63,073
Cost of sales
179,011	144,173	157,535	161,794	150,569	144,545	160,582	161,728	151,279	139,783	142,119	131,962	105,353	110,427	121,061	101,609	107,969	482,581	150,493	141,808	154,694	174,355	214,590	196,449	177,726	155,673	150,660	164,681	144,862	310,621	159,191	169,023	157,359	-150,536	250,201	238,121	214,531	-266,259	306,117	394,080	175,714	213,408	358,883
Gross profit
2,010	26,576	55,074	39,934	16,254	13,811	51,993	42,897	12,983	23,483	21,141	18,367	-825	17,604	40,184	5,658	-16,930	-324,898	31,969	24,208	34,947	32,805	126,247	109,138	75,846	71,164	69,457	67,497	52,567	-108,925	57,919	28,438	72,483	-149,886	122,295	100,198	77,076	147,227	86,552	-94,818	25,856	2,617	135,756
Goodwill impairment
6,689	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on commodity derivative contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-14,113	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
-	-	0	-	-	-	146	-	-	0	0	0	-39	1,290	0	0	0	-	-	-	-	-178	0	-1,078	11,496	-	15,812	-1,085	-	-	-12,933	-	-	0	0	-22	16	2,872	13	-14	6,247	0	1,319
Ineffectiveness on oil and gas derivative contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	161	2,482	-	4,598	4,121
Selling, general and administrative expenses
16,348	20,918	16,076	16,862	15,985	17,301	20,762	18,125	14,099	16,725	16,374	13,317	16,841	18,441	18,714	14,953	13,826	14,529	13,597	16,534	12,619	22,906	19,916	29,304	20,394	17,224	22,610	19,215	23,216	25,661	24,770	21,569	22,415	15,816	22,082	23,758	24,981	14,438	26,628	24,546	40,501	21,884	39,372
Income (loss) from operations
-21,027	5,658	38,998	23,072	269	-3,490	31,377	24,772	-1,116	6,758	4,767	5,050	-17,705	-44,654	21,470	-9,295	-30,756	-355,734	18,372	7,674	22,328	9,721	106,331	78,756	66,948	53,940	62,659	47,197	15,238	-145,636	20,216	6,869	50,068	-165,702	100,213	76,418	52,111	116,275	60,098	-116,896	-8,398	-14,669	101,824
Equity in losses of investment
-20	1,521	-13	-29	-40	-3,540	-107	-135	-136	-1,911	-153	-152	-152	-1,800	-122	-121	-123	-123,792	-251	-323	21	170	508	-507	708	815	857	683	610	887	1,392	5,748	407	5,772	4,906	5,887	5,650	6,537	6,221	1,656	5,055	13,385	6,264
Net interest expense
-5,746	-2,129	-1,901	-2,205	-2,098	-3,007	-3,249	-3,599	-3,896	-3,298	-3,615	-6,639	-5,226	-6,232	-6,843	-7,480	-10,684	-8,896	-8,713	-5,235	-4,070	-5,003	-3,856	-4,517	-4,483	-4,646	-6,585	-11,344	-10,323	-85,567	11,285	11,645	14,477	-3,447	24,114	25,278	24,236	3,952	25,479	20,523	15,635	7,250	-15,644
Gain on investment in Cal Dive common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,901	59,442
Gain (Loss) on Extinguishment of Debt
-	-	0	-18	-	0	-2	-76	-1,105	0	0	-397	0	-	244	302	-	-	0	0	-	-	-	-	-	0	-8,572	-646	-2,882	0	0	0	-17,127	-	-2,354	-	-	-	-	-	-	-	-
Other income (expense), net
-10,427	3,595	-2,285	-1,311	1,166	-3,099	-709	-3,441	925	-815	-551	467	-535	-508	830	1,308	1,880	-18,113	-5	-5,036	-1,156	1,043	598	-17	-810	1,890	2,366	-566	-3,684	-1,130	2,109	-1,711	70	3,300	-8,360	1,253	2,660	2,140	4,072	-1,676	-5,585	-3,056	8,176
Royalty income and other
2,199	409	362	190	2,345	563	652	561	2,855	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income – oil and gas
-	-	-	-	-	-	-	-	-	-	303	291	2,602	255	-468	396	2,572	363	571	899	2,926	1,222	1,837	1,596	12,276	800	1,681	1,282	2,818	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes
-35,021	9,054	35,161	19,699	1,642	-12,573	27,962	18,082	-2,473	1,273	751	-1,380	-21,016	-57,025	15,111	-14,890	-37,111	-506,172	9,974	-2,021	20,049	7,153	105,418	75,311	74,639	52,799	52,406	36,606	1,777	-156,632	12,432	-739	18,941	-163,746	70,291	58,280	36,185	118,760	44,912	-137,439	-24,563	6,311	160,062
Income tax provision (benefit)
-21,093	1,120	3,539	2,876	324	1,174	841	298	87	-49,307	-1,539	5,023	-4,601	-2,612	3,649	-4,219	-9,288	-102,305	94	614	407	-807	29,832	17,529	20,417	15,534	7,058	8,577	443	-57,753	1,270	-3,953	1,278	-85,992	23,465	16,171	9,550	61,128	17,965	-52,366	-7,561	4,468	56,809
Net income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,265	45,348	28,029	1,334	-98,879	11,162	3,214	17,663	-	-	-	-	-	-	-	-	1,843	103,253
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	44	-29	1,058	-71,888	4,503	42,216	48,853	-	-	-	-	-	-	-	-	3,021	9,836
Net income (loss)
-13,928	7,934	31,622	16,823	1,318	-	27,121	17,784	-	-	-	-	-	-	-	-	-	-	-	-	-	7,960	75,586	57,782	54,222	37,265	45,392	28,000	2,392	-170,767	15,665	45,430	66,516	17,467	46,826	42,109	26,635	-49,025	26,947	-85,073	-17,002	4,864	113,089
Net loss attributable to redeemable noncontrolling interests
-1,990	-118	-73	-31	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less net income applicable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	503	762	799	789	777	800	800	789	789	744	800	786	768	786	776	444	829	844	12,620
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	10	10	10	10	34	60	125	250
Net income (loss) applicable to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,960	75,586	57,782	53,719	36,503	44,593	27,211	1,615	-171,567	14,865	44,641	65,727	16,753	46,016	41,313	25,857	-49,821	26,161	-85,551	-17,891	3,895	100,219
Net Income (Loss) Attributable to Parent
-11,938	8,052	31,695	16,854	1,318	-13,747	27,121	17,784	-2,560	50,580	2,290	-6,403	-16,415	-54,413	11,462	-10,671	-27,823	-403,867	9,880	-2,635	19,642	-	-	-	-	-	-	-	-	-	-	-	-	-	46,026	41,323	25,867	-49,811	26,171	-85,517	-17,831	4,020	100,469
Earnings (loss) per share of common stock (in dollars per share)
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.34	0.42	0.26	0.01	-0.95	0.10	0.02	0.16	-	-	-	-	-	-	-	-	0.01	0.92
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.01	-0.67	0.04	0.40	0.46	-	-	-	-	-	-	-	-	0.03	0.10
Basic
-0.09	0.06	0.21	0.11	0.01	-0.09	0.18	0.12	-0.02	0.33	0.02	-0.04	-0.11	-0.47	0.10	-0.10	-0.26	-3.83	0.09	-0.03	0.19	0.07	0.72	0.55	0.51	0.34	0.42	0.26	0.02	-1.62	0.14	0.42	0.62	0.17	0.43	0.39	0.24	-0.48	0.25	-0.82	-0.17	0.04	1.02
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.34	0.42	0.26	0.01	-0.95	0.10	0.02	0.16	-	-	-	-	-	-	-	-	0.01	0.85
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.01	-0.67	0.04	0.40	0.46	-	-	-	-	-	-	-	-	0.03	0.09
Diluted
-0.09	0.05	0.21	0.11	0.01	-0.09	0.18	0.12	-0.02	0.33	0.02	-0.04	-0.11	-0.47	0.10	-0.10	-0.26	-3.83	0.09	-0.03	0.19	0.08	0.71	0.55	0.51	0.34	0.42	0.26	0.02	-1.62	0.14	0.42	0.62	0.17	0.43	0.39	0.24	-0.48	0.25	-0.82	-0.17	0.04	0.94
Weighted average common shares outstanding (in shares)
Basic
148,863	147,627	147,575	147,521	147,421	146,772	146,700	146,683	146,653	146,038	145,958	145,940	143,244	119,093	113,680	107,767	105,908	105,579	105,438	105,357	105,290	105,001	104,997	104,992	105,126	105,021	105,029	105,046	105,032	104,447	104,256	104,563	104,530	104,268	104,700	104,673	104,471	104,123	104,090	104,125	103,090	101,282	96,936
Diluted
148,863	154,102	148,354	148,101	147,751	146,979	146,964	146,724	146,653	146,058	145,958	145,940	143,244	119,093	113,680	107,767	105,908	105,579	105,438	105,357	105,290	104,172	105,338	105,295	105,375	105,302	105,136	105,133	105,165	103,036	104,729	105,042	104,989	104,615	105,154	105,140	104,903	102,906	105,307	104,125	103,090	101,334	105,995
Total comprehensive income (loss) applicable to Helix common shareholders (Note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	81,492	60,867	18,183	-	-	-	-	-	-