Helix Energy Solutions

Helix ESG's roots begin in the 1960s with a group of pioneering oilfield divers whose work made possible many of the advancements in the offshore industry that are taken for granted today. Now we specialize in overcoming new offshore challenges using a fleet of unrivaled vessels that operate on subsea fields in every major producing region in the world. We're a diversified company that in addition to operating our own offshore oilfields, has laid thousands of miles of pipeline in the Gulf of Mexico and offers other oil companies one of the widest selections of specialized work-class ROVs available anywhere in the world. We're also the world's preeminent contractor for live well intervention which recently helped to establish us as the industry's best solution for containing future subsea oil spills. At Helix ESG our employees take pride in being part of a global company that has set industry records and continues to make the most of opportunities where others see none at all. We've made a name for ourselves by inventing new techniques and technology to meet the demands of producing oil and gas thousands of feet underwater – the harshest environment on the planet.
Company Growth (employees)
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

Helix Energy Solutions Office Locations

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

Helix Energy Solutions Data and Metrics

Helix Energy Solutions Financial Metrics

Helix Energy Solutions's revenue was reported to be $104.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

104.5 m

Gross profit (Q1, 2017)

(825 k)

Gross profit margin (Q1, 2017), %

(1%)

Net income (Q1, 2017)

(16.4 m)

EBIT (Q1, 2017)

(17.7 m)

Market capitalization (22-Aug-2017)

887.3 m

Cash (31-Mar-2017)

537.7 m
Helix Energy Solutions's current market capitalization is $887.3 m.
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

Gross profit Margin, %

30%31%16%10%

General and administrative expense

65.9 m

Operating expense total

65.9 m

EBIT

176.1 m260.9 m(183 m)(63.2 m)

EBIT margin, %

20%24%(26%)(13%)

Interest expense

32.9 m17.9 m26.9 m31.2 m

Pre tax profit

143.6 m262.5 m(478.2 m)(93.9 m)

Income tax expense

31.6 m67 m(101.2 m)(12.5 m)

Net Income

113 m195.6 m(377 m)(81.4 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

305.6 m340.8 m189.6 m166 m182.5 m91 m107.3 m161.2 m104.5 m

Cost of goods sold

196.4 m214.6 m154.7 m141.8 m150.5 m108 m101.6 m121.1 m105.4 m

Gross profit

109.1 m126.2 m34.9 m24.2 m32 m(16.9 m)5.7 m40.2 m(825 k)

Gross profit Margin, %

36%37%18%15%18%(19%)5%25%(1%)

General and administrative expense

29.3 m19.9 m12.6 m16.5 m13.6 m13.8 m15 m18.7 m16.8 m

Operating expense total

29.3 m19.9 m12.6 m16.5 m13.6 m13.8 m15 m18.7 m16.8 m

EBIT

78.8 m106.3 m22.3 m7.7 m18.4 m(30.8 m)(9.3 m)21.5 m(17.7 m)

EBIT margin, %

26%31%12%5%10%(34%)(9%)13%(17%)

Interest expense

4.5 m3.9 m4.1 m5.2 m8.7 m10.7 m7.5 m6.8 m5.2 m

Pre tax profit

75.3 m105.4 m20 m(2 m)10 m(37.1 m)(14.9 m)15.1 m(21 m)

Income tax expense

17.5 m29.8 m407 k614 k94 k(9.3 m)(4.2 m)3.6 m(4.6 m)

Net Income

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

PP&E

1.5 b1.7 b1.6 b1.7 b

Goodwill

63.2 m62.1 m45.1 m

Total Assets

2.5 b2.7 b2.4 b2.2 b

Accounts Payable

72.6 m83.4 m65.4 m60.2 m

Total Debt

558.4 m

Current Liabilities

190.2 m225.6 m210.9 m186.4 m

Total Liabilities

965.1 m

Retained Earnings

586.2 m781.3 m404.3 m322.9 m

Total Equity

1.5 b1.7 b1.3 b1.3 b

Debt to Equity Ratio

0.4 x

Debt to Assets Ratio

0.2 x

Financial Leverage

1.7 x1.6 x1.9 x1.8 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

501.5 m546.5 m415.3 m500.1 m468.9 m488.2 m492.2 m482.1 m537.7 m

Current Assets

818.3 m829.1 m620.3 m733 m696.4 m647.2 m645.3 m679 m657.9 m

PP&E

1.6 b1.6 b1.8 b1.9 b1.9 b1.6 b1.6 b1.6 b1.7 b

Goodwill

63.8 m62.8 m61.3 m62.3 m61.6 m45.1 m45.1 m45.1 m

Total Assets

2.7 b2.7 b2.6 b2.9 b2.9 b2.3 b2.3 b2.4 b2.4 b

Accounts Payable

157.6 m117.3 m80.1 m98.8 m75.8 m41.4 m48 m127.7 m74.7 m

Current Liabilities

257.2 m253.2 m186.2 m237.1 m226.1 m180.8 m190.8 m268.5 m200.5 m

Retained Earnings

697.7 m773.3 m800.9 m798.3 m808.2 m376.5 m365.8 m377.3 m306.4 m

Total Equity

1.6 b1.7 b1.7 b1.7 b1.2 b1.3 b1.3 b1.5 b

Financial Leverage

1.7 x1.6 x1.8 x1.7 x1.9 x1.8 x1.8 x1.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Depreciation and Amortization

98.5 m109.3 m120.4 m114.2 m

Accounts Receivable

(3.3 m)44 m36.4 m(22.4 m)

Cash From Operating Activities

104.9 m359.5 m110.8 m38.7 m

Capital Expenditures

(324.4 m)(336.9 m)(320.3 m)(186.5 m)

Cash From Investing Activities

(126.1 m)(335.5 m)(295.7 m)(147.1 m)

Cash From Financing Activities

(487.4 m)(30.1 m)204.6 m(25.5 m)

Free Cash Flow

429.3 m696.4 m431.1 m(147.8 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

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

Depreciation and Amortization

52.9 m81.3 m

Accounts Receivable

(40.7 m)(16.5 m)

Accounts Payable

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

Cash From Operating Activities

139.5 m301.6 m

Capital Expenditures

(93 m)(204.5 m)

Cash From Investing Activities

(97.2 m)(208.5 m)

Cash From Financing Activities

(15.5 m)(26 m)

Free Cash Flow

46.5 m97 m
USDY, 2017

Revenue/Employee

70.9 k

Financial Leverage

1.6 x

Helix Energy Solutions Market Value History

Traffic Overview of Helix Energy Solutions

Helix Energy Solutions Online and Social Media Presence

Helix Energy Solutions News and Updates

BRIEF-Helix Energy Solutions Q2 loss per share $0.10

* Expect to see improvement in financial performance for second half of 2016 compared to first half of year

Helix Energy Solutions Company Life and Culture

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