Hornbeck offshore services inc /la (HOS)
CashFlow / TTM
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

-134,162

-123,943

-117,088

-119,123

-1,170

11,065

16,664

27,421

-85,580

-83,133

-84,230

-63,846

-47,274

-16,347

23,454

66,821

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

-14,187

4,757

24,828

36,416

0

0

0

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

87,907

91,225

82,463

71,504

64,078

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

98,793

99,077

99,050

98,927

98,816

98,655

98,704

98,733

98,811

97,596

95,575

93,071

89,750

87,241

84,755

82,566

80,417

77,660

75,100

71,301

66,832

62,485

58,321

55,332

53,498

48,396

50,119

52,005

45,699

52,177

52,326

52,453

60,993

60,775

60,186

58,509

0

0

0

Amortization

14,141

12,833

11,360

9,741

10,678

10,426

11,436

13,168

13,273

15,380

17,930

20,485

22,946

24,758

25,256

26,463

30,425

34,843

38,460

44,149

42,281

40,053

37,582

30,630

28,648

22,329

21,976

21,670

15,424

18,316

15,982

15,457

20,195

19,815

19,627

18,546

0

0

0

Stock-based compensation expense

-

-

1,799

-

-

-

7,825

6,999

9,166

8,781

10,853

9,983

8,893

9,735

9,493

10,293

9,864

8,782

9,665

10,324

10,702

11,786

11,212

11,888

0

0

0

-

0

0

0

-

7,529

8,024

8,553

8,710

0

0

0

Gain (Loss) on Extinguishment of Debt

-71

-71

-71

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-25,776

-25,776

-25,776

-25,174

-6,048

0

0

0

-

-

-

-

-

-

-

-

Provision for bad debts

1,161

-127

-175

-156

90

-49

409

3,934

3,894

2,421

3,094

-757

-838

958

-259

-816

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Provision for bad debts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

239

1,198

1,620

1,775

672

-319

-1,315

519

0

0

0

-

-

-

-

Deferred tax benefit

-33,813

-30,782

-25,235

-25,042

-130,625

-132,642

-135,649

-141,525

-58,627

-56,688

-58,569

-45,958

-28,527

-11,962

10,815

34,086

50,938

58,217

65,806

50,440

58,053

49,030

38,184

32,320

20,417

17,693

16,837

20,368

20,620

16,085

6,588

-2,213

-5,790

4,989

15,065

21,278

0

0

0

Amortization of deferred financing costs

1,222

2,373

3,763

4,421

4,404

4,199

5,995

8,119

10,253

12,149

11,987

11,371

10,539

10,184

9,878

9,675

9,450

9,054

8,642

8,154

8,663

11,041

13,801

16,826

19,364

19,319

18,037

17,192

15,958

15,392

15,976

15,799

15,685

15,724

15,440

15,199

0

0

0

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

66

84

42

59

112

-110

-96

-121

-160

118

117

54

36

10,959

10,959

44,060

44,721

33,717

33,809

822

176

179

1,656

1,587

1,582

1,222

-358

-350

-915

418

429

980

2,216

1,965

2,060

2,025

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6

0

0

0

Accounts receivable

-15,385

-3,983

11,173

10,285

14,974

21,965

17,096

8,525

15,897

-9,266

-31,633

-58,322

-45,154

-56,139

-51,497

-39,743

-36,947

-22,474

24,639

38,500

36,177

19,067

-30,784

-9,793

-7,368

3,355

28,411

18,830

4,229

37,351

27,154

13,127

16,743

-10,277

-239

9,930

0

0

0

Other current and long-term assets

4,971

3,346

5,039

1,256

-1,104

-6,271

-6,847

-2,106

-1,199

3,859

1,937

2,272

-7,878

-5,778

-10,100

-8,472

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables and current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-7,013

-5,488

-5,782

110

8,468

10,525

7,514

11,680

4,928

2,157

2,472

-6,738

0

0

0

Deferred drydocking charges

26,706

23,193

18,269

10,939

8,346

5,459

6,904

8,063

7,714

7,616

5,900

3,978

4,447

9,275

11,921

13,267

15,995

20,278

36,247

43,609

50,079

50,506

40,109

35,875

36,950

34,475

36,733

39,211

28,059

26,197

19,789

16,832

23,327

20,782

21,288

22,510

0

0

0

Accounts payable

-18,673

-2,732

178

4,621

28,081

9,708

17,129

9,405

8,662

5,944

-6,337

-10,901

-10,621

-18,647

-7,088

-10,486

-10,337

-16,996

-23,410

-4,146

10,107

14,519

16,991

1,073

-17,737

-2,675

-1,730

2,230

14,470

12,884

9,437

11,624

11,409

2,322

8,457

7,124

0

0

0

Accrued liabilities and other liabilities

1,944

702

1,916

1,235

-11,254

-9,270

-11,027

-11,044

4,835

3,063

-3,770

-11,935

-3,569

-2,467

279

7,700

-7,150

-2,893

326

-13,981

-35,299

-31,473

-22,628

-12,626

28,472

16,017

8,787

14,043

-1,007

1,113

249

-1,252

0

0

0

-

-

-

-

Accrued liabilities and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accrued interest

-484

1,211

-737

1,871

1,896

2,028

1,136

-29

179

-1,030

-34

-31

-60

-94

60

-95

-57

0

-150

0

-1,524

1,179

61

100

-934

-271

8,116

5,835

6,790

4,958

-4,164

-69

-317

-1

0

-763

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

163,106

159,567

169,992

212,066

207,067

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

49,311

101,577

127,485

131,732

0

0

0

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

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs incurred for OSV newbuild program

2,191

3,103

1,009

3,696

9,411

13,798

17,506

18,104

15,442

20,375

45,905

76,277

110,853

133,703

171,113

190,070

221,254

254,601

282,539

343,989

395,406

451,294

492,323

465,165

435,810

382,324

288,927

240,526

0

0

0

-

-

-

-

-

0

0

0

Costs incurred for MPSV program

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,533

0

0

0

Net proceeds from sale of assets

72

90

69

86

91

67

54

43

52

137

136

524

506

38,420

38,420

152,000

159,075

121,075

121,102

7,178

6

6

16,097

16,021

16,118

17,788

2,994

3,002

954

8,564

7,240

9,287

13,192

5,253

5,377

4,656

0

0

0

Vessel capital expenditures

2,056

3,681

4,531

7,915

7,683

6,684

5,432

1,687

3,282

4,616

10,502

20,689

58,038

67,105

75,297

86,792

60,687

60,712

62,276

55,089

69,083

76,429

81,623

73,593

47,867

32,607

15,311

14,549

18,119

25,185

25,917

27,651

24,621

15,594

26,670

24,169

0

0

0

Non-vessel capital expenditures

379

326

195

131

191

1,085

1,429

1,552

1,623

842

433

569

1,046

2,157

12,365

16,487

22,656

23,025

13,447

9,615

3,248

2,150

3,970

3,893

4,108

5,194

3,228

3,250

3,048

2,125

1,973

1,829

1,449

918

1,521

1,564

0

0

0

Net cash used in investing activities

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-471,667

-402,337

-304,472

-255,323

-212,534

-142,235

-101,854

-62,889

-13,271

-15,966

-36,601

-56,987

0

0

0

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

163,103

163,103

163,103

133,944

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

450,000

450,000

450,000

450,000

375,000

0

0

0

-

-

-

-

-

-

-

-

Redemption premium on the retirement of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,658

17,658

17,658

17,193

3,692

0

0

0

-

-

-

-

-

-

-

-

Payments for public offerings of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

180

0

0

0

-

-

-

-

-

-

-

-

Repurchase of convertible notes

73,076

47,310

47,310

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit from share-based payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

4,749

4,501

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Repayments of Senior Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250,000

250,000

250,000

282,415

300,000

0

0

0

-

-

-

-

-

-

-

-

Payment of deferred financing costs

11,891

11,775

5,524

0

0

0

0

-

-

-

-

-

-

-

-

2,089

2,089

1,997

1,953

0

36

134

551

7,807

7,506

16,328

16,581

16,186

19,234

10,314

9,679

3,273

514

519

489

89

0

0

0

Shares withheld for payment of employee withholding taxes

0

0

0

536

536

538

538

575

575

573

573

450

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash proceeds from other shares issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,044

4,183

4,542

7,882

9,620

9,505

9,203

4,808

4,244

3,373

3,197

2,766

1,999

2,417

2,363

2,407

1,955

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,374

-573

4,367

9,360

15,368

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,638

1,401

229,157

230,265

228,689

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,012

828

233,524

239,625

244,057

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

189,468

455,179

413,847

334,391

562,498

296,091

342,579

228,830

-738

-851

1,199

1,147

0

0

0

Effects of exchange rate changes on cash

-207

-16

-793

-842

-1,088

-774

-262

-446

-373

-536

121

989

3,412

544

104

-839

-3,271

-586

-505

-107

-175

11

-553

-537

-341

-405

-447

-179

-234

-484

-20

-383

-350

-22

37

55

0

0

0

Cash and Cash Equivalents, Period Increase (Decrease)

-

-

3,718

-

-

-

-38,225

-30,178

-112,625

-99,742

-46,780

-42,774

-77,157

-38,880

-23,617

74,678

58,824

-864

-69,882

-254,168

-553,990

-371,905

-364,934

-137,387

164,170

244,584

261,659

219,829

501,695

255,052

316,109

229,883

34,952

84,738

92,120

75,947

0

0

0

SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES:
Cash paid for interest

-

69,352

63,845

59,469

57,102

55,299

53,569

52,194

51,309

51,264

50,121

50,152

50,212

50,307

50,247

50,492

50,549

50,548

50,698

50,548

52,570

50,976

53,253

53,636

50,058

48,152

38,106

38,597

40,085

40,340

48,249

43,811

44,019

43,710

43,469

44,178

0

0

0

Cash paid for income taxes

378

270

-845

942

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

0

0

2,329

-

4,165

5,166

5,187

4,808

4,899

5,852

6,115

5,679

5,329

4,323

4,921

4,537

3,687

2,528

1,353

1,332

1,403

1,502

1,428

1,272

1,043

954

2,459

2,809

0

0

0

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

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

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