Helix Energy Solutions Inc. (formerly known as Cal Dive International) is an American oil and gas services company. The Company is a global provider of offshore services in well intervention and ROV operations of new and existing oil and gas fields. Helix ESG is divided into four business units: Helix Well Ops, Canyon Offshore, Energy Resources Technology GOM and Production Facilities. Helix Well Ops is a provider of a range of well operation, subsea wireline and decommissioning services with specialist vessels and in-house developed equipment that includes the Subsea Intervention Lubricator and the Intervention Riser System. Its assets include purpose-built offshore units along with mobile equipment. Canyon Offshore is a supplier of subsea intervention services that operates ROV and trenching systems including over heavy work class systems and trenching and cable trenching systems along with support vessels. Helix Production Facilities unit participates with offshore oil and gas producers through negotiated contracting, infrastructure ownership, and reservoir equity interests.

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Type
Public
HQ
Houston, US
Founded
1980
Size (employees)
1,474 (est)
Helix Energy Solutions was founded in 1980 and is headquartered in Houston, US
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Helix Energy Solutions Office Locations

Helix Energy Solutions has offices in Luxembourg, Houston, Dyce and Rio de Janeiro
Houston, US (HQ)
400 3505 West Sam Houston Pkwy N
Luxembourg, LU
13 Avenue de la Liberté
Dyce, GB
Stoneywood Park
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Helix Energy Solutions Financials and Metrics

Helix Energy Solutions Financials

Helix Energy Solutions's revenue was reported to be $487.58 m in FY, 2016 which is a 29.9% decrease from the previous period.
USD

Revenue (Q1, 2018)

164.3 m

Gross profit (Q1, 2018)

13 m

Gross profit margin (Q1, 2018), %

7.9%

Net income (Q1, 2018)

(2.6 m)

EBIT (Q1, 2018)

(1.1 m)

Market capitalization (21-May-2018)

1.2 b

Closing share price (21-May-2018)

8.2

Cash (31-Mar-2018)

274 m

EV

1.4 b
Helix Energy Solutions's current market capitalization is $1.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

876.6 m1.1 b695.8 m487.6 m

Revenue growth, %

26%(37%)(30%)

Cost of goods sold

615.9 m763.1 m584.6 m441.1 m

Gross profit

260.7 m344 m111.2 m46.5 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

220.1 m253.6 m305.6 m340.8 m189.6 m166 m182.5 m91 m107.3 m161.2 m104.5 m150.3 m163.3 m164.3 m

Cost of goods sold

150.7 m177.7 m196.4 m214.6 m154.7 m141.8 m150.5 m108 m101.6 m121.1 m105.4 m132 m142.1 m151.3 m

Gross profit

69.5 m75.8 m109.1 m126.2 m34.9 m24.2 m32 m(16.9 m)5.7 m40.2 m(825 k)18.4 m21.1 m13 m

Gross profit Margin, %

32%30%36%37%18%15%18%(19%)5%25%(1%)12%13%8%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

478.2 m476.5 m494.2 m356.6 m

Current Assets

743.6 m694.3 m684 m522.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

480.2 m470.1 m501.5 m546.5 m415.3 m500.1 m468.9 m488.2 m492.2 m482.1 m537.7 m390.4 m356.9 m274 m

Current Assets

738.9 m752.4 m818.3 m829.1 m620.3 m733 m696.4 m647.2 m645.3 m679 m657.9 m554.5 m531.4 m441.5 m

PP&E

1.5 b1.5 b1.6 b1.6 b1.8 b1.9 b1.9 b1.6 b1.6 b1.6 b1.7 b1.7 b1.7 b1.8 b

Goodwill

62.8 m63.3 m63.8 m62.8 m61.3 m62.3 m61.6 m45.1 m45.1 m45.1 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Depreciation and Amortization

98.5 m109.3 m120.4 m114.2 m

Cash From Operating Activities

104.9 m359.5 m110.8 m38.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

(27.8 m)(10.7 m)11.5 m(16.4 m)(2.6 m)

Depreciation and Amortization

71.5 m24.7 m52.9 m81.3 m27.8 m

Accounts Payable

80.1 m98.8 m75.8 m41.4 m48 m127.7 m74.7 m(12.3 m)

Cash From Operating Activities

50.3 m48.8 m139.5 m301.6 m41 m
USDY, 2018

EV/EBIT

-1.3 k x

EV/CFO

34.3 x

EV/FCF

71.1 x

Financial Leverage

1.5 x
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