Hornbeck offshore services inc /la (HOS)
CashFlow / Quarterly
Sep'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) Attributable to Parent

-41,404

-31,943

-36,620

-24,195

-31,185

-25,088

-38,655

93,758

-18,950

-19,489

-27,898

-19,243

-16,503

-20,586

-7,514

-2,671

14,424

19,215

35,853

-

-

-

-

-

-

-

-

-

-

12,014

6,307

-

-741

-7,025

-9,036

2,615

18,203

13,046

2,552

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,769

26,559

31,225

11,354

22,087

17,797

20,266

3,928

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation

24,559

24,657

24,771

24,806

24,843

24,630

24,648

24,695

24,682

24,679

24,677

24,773

23,467

22,658

22,173

21,452

20,958

20,172

19,984

19,303

18,201

17,612

16,185

14,834

13,854

13,448

13,196

13,000

8,752

15,171

15,082

6,694

15,230

15,320

15,209

15,234

15,012

14,731

13,532

Amortization

4,033

3,729

3,611

2,768

2,725

2,256

1,992

3,705

2,473

3,266

3,724

3,810

4,580

5,816

6,279

6,271

6,392

6,314

7,486

10,233

10,810

9,931

13,175

8,365

8,582

7,460

6,223

6,383

2,263

7,107

5,917

137

5,155

4,773

5,392

4,875

4,775

4,585

4,311

Stock-based compensation expense

-

-

975

-

-

-

2,868

1,259

2,726

972

2,042

3,426

2,341

3,044

1,172

2,336

3,183

2,802

1,972

1,907

2,101

3,685

2,631

2,285

3,185

3,111

3,307

-

3,667

2,185

2,250

-

1,728

1,725

2,201

1,875

2,223

2,254

2,358

Gain (Loss) on Extinguishment of Debt

0

0

-71

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1,457

-24,319

0

0

-855

-5,193

-

-

-

-

-

-

-

-

Provision for bad debts

1,327

-126

204

-244

39

-174

223

2

-100

284

3,748

-38

-1,573

957

-103

-119

223

-260

-660

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-218

Provision for bad debts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

211

-68

-

268

-6

-141

118

1,227

416

14

-985

236

-580

1,848

-

-

-

-

Deferred tax benefit

-10,537

-12,351

-8,749

-2,176

-7,506

-6,804

-8,556

-107,759

-9,523

-9,811

-14,432

-24,861

-7,584

-11,692

-1,821

-7,430

8,981

11,085

21,450

9,422

16,260

18,674

6,084

17,035

7,237

7,828

220

5,132

4,513

6,972

3,751

5,384

-22

-2,525

-5,050

1,807

10,757

7,551

1,163

Amortization of deferred financing costs

-70

-312

481

1,123

1,081

1,078

1,139

1,106

876

2,874

3,263

3,240

2,772

2,712

2,647

2,408

2,417

2,406

2,444

2,183

2,021

1,994

1,956

2,692

4,399

4,754

4,981

5,230

4,354

3,472

4,136

3,996

3,788

4,056

3,959

3,882

3,827

3,772

3,718

Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property

7

29

26

4

25

-13

43

57

-197

1

18

18

81

0

-45

0

11,004

0

33,056

661

0

92

69

15

3

1,569

0

10

-357

-11

8

-555

976

0

559

681

725

95

524

Changes in operating assets and liabilities:
Equity in loss from investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-6

Accounts receivable

-694

681

4,690

-20,062

10,708

15,837

3,802

-15,373

17,699

10,968

-4,769

-8,001

-7,464

-11,399

-31,458

5,167

-18,449

-6,757

-19,704

7,963

-3,976

40,356

-5,843

5,640

-21,086

-9,495

15,148

8,065

-10,363

15,561

5,567

-6,536

22,759

5,364

-8,460

-2,920

-4,261

15,402

1,709

Other current and long-term assets

-397

-449

1,501

4,316

-2,022

1,244

-2,282

1,956

-7,189

668

2,459

2,863

-2,131

-1,254

2,794

-7,287

-31

-5,576

4,422

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables and current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,204

8,815

-

-3,448

678

-4,035

-208

-1,923

384

1,857

8,150

134

-2,627

6,023

1,398

-2,637

-2,312

-3,187

Deferred drydocking charges

7,395

6,305

9,300

3,706

3,882

1,381

1,970

1,113

995

2,826

3,129

764

897

1,110

1,207

1,233

5,725

3,756

2,553

3,961

10,008

19,725

9,915

10,431

10,435

9,328

5,681

11,506

7,960

11,586

8,159

354

6,098

5,178

5,202

6,849

3,553

5,684

6,424

Accounts payable

4,465

-2,402

4,476

-25,212

20,406

508

8,919

-1,752

2,033

7,929

1,195

-2,495

-685

-4,352

-3,369

-2,215

-8,711

7,207

-6,767

-2,066

-15,370

793

12,497

12,187

-10,958

3,265

-3,421

-6,623

4,104

4,210

539

5,617

2,518

763

2,726

5,402

-6,569

6,898

1,393

Accrued liabilities and other liabilities

1,324

-973

2,845

-1,252

82

241

2,164

-13,741

2,066

-1,516

2,147

2,138

294

-8,349

-6,018

10,504

1,396

-5,603

1,403

-4,346

5,653

-2,384

-12,904

-25,664

9,479

6,461

-2,902

15,434

-2,976

-769

2,354

384

-856

-1,633

853

-

-

-

-

Accrued liabilities and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,557

Accrued interest

-1,879

3,086

-2,691

1,000

-184

1,138

-83

1,025

-52

246

-1,248

1,233

-1,261

1,242

-1,245

1,204

-1,295

1,396

-1,400

1,242

-1,238

1,246

-1,250

-282

1,465

128

-1,211

-1,316

2,128

8,515

-3,492

-361

296

-607

603

-609

612

-606

-160

Net Cash Provided by (Used in) Operating Activities, Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43,405

58,979

24,018

36,704

39,866

69,404

66,092

31,705

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-23,617

-22,517

-26,143

-

1,877

-18,779

-8,874

-

-5,077

-20,507

-3,619

-

14,465

2,993

39,703

-

49,719

73,311

61,438

-

-

-

-

-

-

-

-

-

-

32,628

26,460

-

-2,635

6,352

15,381

30,213

49,631

32,260

19,628

CASH FLOWS FROM INVESTING ACTIVITIES:
Costs incurred for acquisition of offshore supply vessels

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs incurred for OSV newbuild program

1

2,161

3

26

913

67

2,690

5,741

5,300

3,775

3,288

3,079

10,233

29,305

33,660

37,655

33,083

66,715

52,617

68,839

66,430

94,653

114,067

120,256

122,318

135,682

86,909

90,901

68,832

42,285

38,508

-

-

-

-

-

4,314

7,585

15,085

Costs incurred for MPSV program

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,495

7,038

Net proceeds from sale of assets

7

35

26

4

25

14

43

9

1

1

32

18

86

0

420

0

38,000

0

114,000

7,075

0

27

76

-97

0

16,118

0

0

1,670

1,324

8

-2,048

9,280

0

2,055

1,857

1,341

124

1,334

Vessel capital expenditures

188

726

522

620

1,813

1,576

3,906

388

814

324

161

1,983

2,148

6,210

10,348

39,332

11,215

14,402

21,843

13,227

11,240

15,966

14,656

27,221

18,586

21,160

6,626

1,495

3,326

3,864

5,864

5,065

10,392

4,596

7,598

2,035

1,365

15,672

5,097

Non-vessel capital expenditures

79

205

71

24

26

74

7

84

920

418

130

155

139

9

266

632

1,250

10,217

4,388

6,801

1,619

639

556

434

521

2,459

479

649

1,607

493

501

447

684

341

357

67

153

944

400

Net cash used in investing activities

-261

-3,057

-570

-

-2,727

-42,571

-6,560

-

-7,033

-4,516

-3,547

-

-12,434

-35,524

-43,854

-

-7,548

-91,334

35,152

-

-79,289

-111,231

-129,203

-

-141,425

-143,183

-94,014

-93,045

-72,095

-45,318

-44,865

-50,256

-1,796

-4,937

-5,900

-638

-4,491

-25,572

-26,286

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from first-lien term loans

0

0

29,159

133,944

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

450,000

0

0

0

375,000

-

-

-

-

-

-

-

-

Redemption premium on the retirement of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

953

16,705

0

0

488

3,204

-

-

-

-

-

-

-

-

Payments for public offerings of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

179

-

-

-

-

-

-

-

-

Repurchase of convertible notes

25,766

0

47,310

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit from share-based payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35

248

-626

370

4,757

0

-

-

-

-24

-

-

-

-

-

-

-

-

Repayments of Senior Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

15,380

234,620

0

0

47,795

252,205

-

-

-

-

-

-

-

-

Payment of deferred financing costs

116

6,251

5,524

0

0

0

0

-

-

-

-

-

-

-

-

0

92

44

1,953

0

0

0

0

36

98

417

7,256

-265

8,920

670

6,861

2,783

0

35

455

24

5

5

55

Shares withheld for payment of employee withholding taxes

0

0

0

0

0

0

536

0

2

0

573

0

0

0

450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash proceeds from other shares issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,641

186

2,127

90

1,780

545

5,467

1,828

1,665

243

1,072

1,264

794

67

641

497

1,212

13

685

45

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,584

113

-149

826

-1,363

5,053

4,844

6,834

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

350

0

0

1,288

113

227,756

1,108

-288

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,934

113

-149

2,114

-1,250

232,809

5,952

6,546

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-25,882

93,875

-23,675

-

0

260

-536

-

-2

-59,086

-573

-

-1,097

727

-450

-

-92

1,922

-1,953

-

-97

2,162

338

-

817

-6,526

193,247

1,930

266,528

-47,858

113,791

230,037

121

-1,370

42

469

8

680

-10

Effects of exchange rate changes on cash

-340

96

6

31

-149

-681

-43

-215

165

-169

-227

-142

2

488

641

2,281

-2,866

48

-302

-151

-181

129

96

-219

5

-435

112

-23

-59

-477

380

-78

-309

-13

17

-45

19

46

35

Cash and Cash Equivalents, Period Increase (Decrease)

-

-

-50,382

-

-

-

-16,013

74,013

-11,947

-84,278

-7,966

-8,434

936

-31,316

-3,960

-42,817

39,213

-16,053

94,335

-58,671

-20,475

-85,071

-89,951

-358,493

161,610

-78,100

137,596

-56,936

242,024

-61,025

95,766

224,930

-4,619

32

9,540

29,999

45,167

7,414

-6,633

SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES:
Cash paid for interest

-

19,680

19,507

14,533

15,632

14,173

15,131

12,166

13,829

12,443

13,756

11,281

13,784

11,300

13,787

11,341

13,879

11,240

14,032

11,398

13,878

11,390

13,882

13,420

12,284

13,667

14,265

9,842

10,378

3,621

14,756

11,330

10,633

11,530

10,318

11,538

10,324

11,289

11,027

Cash paid for income taxes

391

1,316

-1,338

9

283

201

449

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

334

361

349

-

446

490

1,752

1,477

1,447

511

1,373

1,568

2,400

774

937

1,218

1,394

1,372

553

368

235

197

532

439

334

123

376

210

245

1,628

726

Convertible 1.500 Percent Senior Notes Due 2019
Exchange of notes for term loan

0

0

20,951

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior Notes 5.875 Percent Due 2020
Exchange of notes for term loan

0

0

142,629

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-