Summary - Funding Rounds

Founding Date

1964
Hornbeck Offshore is a subsidiary of Genesis Energy

Hornbeck Offshore Income Statement

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

111.9m125.4m72.3m80.8m105.8m120.0m131.6m127.9m147.5m154.3m132.9m136.6m171.1m166.9m134.6m136.4m116.3m76.8m53.7m51.9m44.1m37.4m53.7m41.6m58.4m58.5m54.0m56.8m52.8m52.8m

General and administrative expense

9.6m9.7m9.9m8.5m9.0m11.1m12.1m12.9m13.9m13.8m14.1m13.7m15.5m11.2m11.9m13.1m12.2m8.7m12.4m9.0m14.2m9.4m12.9m12.9m12.2m15.1m12.0m13.0m13.4m31.2m

Operating expense total

9.6m9.7m9.9m8.5m9.0m11.1m12.1m12.9m13.9m13.8m14.1m13.7m15.5m11.2m11.9m13.1m12.2m8.7m12.4m9.0m14.2m9.4m12.9m12.9m12.2m80.9m12.0m13.0m13.4m31.2m

Depreciation and amortization

13.9m16.2m17.6m18.2m20.0m20.2m21.0m22.2m22.7m23.5m24.7m24.7m24.7m24.6m24.6m27.6m24.8m24.7m24.6m29.1m

EBIT

34.5m43.3m739.0k3.8m14.6m28.6m33.8m26.3m47.4m52.2m37.2m25.0m56.8m50.2m66.9m39.4m32.8m(780.0k)(21.5m)(14.4m)(26.5m)(31.3m)(16.7m)(33.9m)(15.6m)(22.4m)(26.7m)(24.8m)(30.2m)(48.8m)

EBIT margin, %

31%35%1%5%14%24%26%21%32%34%28%18%33%30%50%29%28%(1%)(40%)(28%)(60%)(84%)(31%)(81%)(27%)(38%)(49%)(44%)(57%)(92%)

Interest expense

14.3m14.4m14.9m15.0m15.1m13.9m14.3m14.7m13.7m13.2m11.2m6.9m6.7m7.5m9.6m9.0m9.2m10.2m10.7m10.8m13.7m2.6m11.4m13.3m16.0m16.5m18.8m19.1m21.2m

Interest income

155.0k104.0k179.0k240.0k156.0k553.0k461.0k524.0k577.0k668.0k681.0k364.0k283.0k233.0k214.0k393.0k381.0k377.0k386.0k401.0k401.0k464.0k447.0k644.0k519.0k531.0k1.1m921.0k1.3m646.0k

Pre tax profit

20.7m29.0m(14.0m)(10.9m)(296.0k)10.2m19.3m12.1m9.8m38.2m26.0m18.1m50.1m42.7m57.3m30.3m23.6m(11.0m)(32.2m)(25.3m)(40.2m)(28.8m)(28.1m)(47.1m)(31.5m)(38.4m)(45.5m)(43.8m)(51.5m)(73.2m)

Income tax expense

7.6m10.8m(5.0m)(3.8m)445.0k3.9m7.3m4.7m3.7m14.4m8.2m6.7m18.8m16.2m21.4m11.1m9.1m(3.4m)(11.6m)(8.8m)(12.3m)(9.3m)(9.1m)(8.5m)(6.4m)(7.2m)(8.8m)(11.9m)(10.0m)(15.0m)

Net Income

13.0m18.2m(9.0m)(7.0m)(741.0k)6.3m12.0m7.4m6.2m23.8m59.2m11.8m31.2m26.4m35.9m19.2m14.4m(7.5m)(20.6m)(16.5m)(27.9m)(19.5m)(18.9m)(38.7m)(25.1m)(31.2m)(36.6m)(31.9m)(41.4m)(58.2m)

Hornbeck Offshore Balance Sheet

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

51.8m97.0m136.5m136.5m131.9m452.6m391.6m633.6m714.3m636.2m797.8m349.3m264.3m243.8m279.5m263.4m302.6m255.8m224.5m225.5m209.1m124.8m112.8m170.8m109.1m108.1m174.6m142.7m136.4m59.0m

Accounts Receivable

78.3m74.6m61.9m68.5m91.0m91.2m106.9m95.3m118.8m109.3m88.1m87.8m127.9m124.7m111.6m105.2m86.5m66.0m50.5m44.5m28.0m35.0m50.2m41.6m57.1m59.3m60.3m57.4m51.2m

Prepaid Expenses

17.3m15.5m23.2m20.7m21.9m26.8m25.1m22.4m22.0m20.8m16.4m20.4m19.2m18.6m24.8m19.3m15.8m16.2m15.2m14.1m19.5m20.2m13.2m14.7m16.0m21.2m20.3m18.2m

Current Assets

147.4m187.1m221.6m225.7m244.8m570.6m543.9m779.7m882.7m810.1m954.0m533.3m491.3m416.2m480.2m442.3m410.2m338.0m290.2m284.0m256.6m180.0m176.2m227.1m182.1m172.2m255.1m267.6m212.2m136.2m

PP&E

1.6b1.6b1.6b1.6b1.6b1.6b1.7b1.7b1.9b2.0b2.0b2.2b2.3b2.4b2.4b2.5b2.5b2.6b2.6b2.6b2.6b2.5b2.5b2.5b2.5b2.5b2.4b2.4b2.4b2.3b

Total Assets

1.8b1.9b1.9b1.9b1.9b2.3b2.3b2.6b2.9b2.9b3.0b2.9b2.9b2.9b3.0b3.0b3.0b3.0b2.9b2.9b2.8b2.7b2.7b2.7b2.7b2.7b2.7b2.8b2.7b2.5b

Accounts Payable

25.7m17.5m26.2m38.3m31.7m40.5m56.8m53.1m51.0m43.3m54.0m68.6m64.5m50.3m40.8m55.8m37.0m29.1m21.2m13.2m13.2m19.0m15.0m18.4m19.6m22.5m31.1m26.3m32.6m16.4m

Short-term debt

800.0m800.0m47.8m875.0m1.2b257.3m245.5m248.9m25.2m249.1m223.8m1.2b

Current Liabilities

54.6m46.3m59.1m69.8m62.4m121.9m98.7m96.8m369.5m352.9m374.8m106.3m105.6m97.0m83.8m97.5m80.7m73.4m55.9m47.2m46.3m50.5m48.8m57.0m60.8m161.2m92.4m311.8m291.7m1.3b

Long-term debt

752.4m755.3m761.3m764.3m767.5m849.1m852.4m1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.0b1.0b1.1b1.1b1.2b1.1b1.1b1.2b

Total Debt

752.4m755.3m761.3m1.6b1.6b896.9m1.7b2.3b1.3b1.3b1.3b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.0b1.0b1.1b1.1b1.2b1.3b1.3b2.5b

Total Liabilities

1.0b1.0b1.0b1.1b1.0b1.2b1.2b1.4b1.7b1.7b1.8b1.6b1.6b1.5b1.6b1.6b1.6b1.5b1.5b1.5b1.5b1.4b1.4b1.3b1.3b1.3b1.5b1.5b1.5b1.4b

Common Stock

264.0k264.0k269.0k269.0k270.0k353.0k353.0k354.0k358.0k360.0k360.0k362.0k363.0k363.0k357.0k358.0k358.0k362.0k363.0k364.0k367.0k369.0k370.0k375.0k376.0k379.0k380.0k380.0k396.0k

Preferred Stock

Additional Paid-in Capital

409.8m412.0m416.0m418.3m420.2m649.2m652.1m702.1m705.3m717.7m720.9m723.6m728.3m731.0m736.8m741.4m744.5m746.5m749.4m751.9m756.0m757.2m758.7m760.4m760.9m761.4m762.0m764.6m765.7m767.4m

Retained Earnings

404.8m423.0m416.6m409.6m408.8m429.4m441.4m448.8m466.2m490.1m549.2m583.2m614.5m640.8m670.9m690.1m704.5m694.3m673.7m657.2m613.3m593.8m574.8m629.9m604.9m573.7m511.0m479.0m437.6m350.6m

Total Equity

815.2m835.7m833.2m828.5m829.3m1.1b1.1b1.2b1.2b1.2b1.3b1.3b1.3b1.4b1.4b1.4b1.4b1.4b1.4b1.4b1.4b1.4b1.3b1.4b1.4b1.3b1.3b1.2b1.2b1.1b

Debt to Equity Ratio

0.9 x0.9 x0.9 x1.9 x1.9 x0.8 x1.6 x2 x1.1 x1.1 x1 x0.8 x0.8 x0.8 x0.8 x0.8 x0.7 x0.7 x0.7 x0.8 x0.8 x0.7 x0.8 x0.8 x0.8 x1 x1.1 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x0.8 x0.8 x0.4 x0.8 x0.9 x0.5 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.5 x

Financial Leverage

2.2 x2.2 x2.3 x2.3 x2.3 x2.1 x2.1 x2.3 x2.5 x2.4 x2.4 x2.2 x2.2 x2.1 x2.1 x2.1 x2.1 x2.1 x2 x2 x2.1 x2 x2 x2 x2 x2 x2.1 x2.2 x2.2 x2.3 x

Hornbeck Offshore Cash Flow

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

15.6m33.8m(9.0m)(16.1m)(16.8m)6.3m18.3m25.7m6.2m30.0m35.9m55.1m69.5m(7.5m)(28.1m)(44.6m)(27.9m)(47.4m)(66.3m)(38.7m)(63.7m)(94.9m)(36.6m)(68.6m)(110.0m)(58.2m)

Depreciation and Amortization

28.3m43.3m15.2m30.5m45.8m15.1m30.3m45.4m15.3m30.7m40.5m16.2m33.8m52.0m20.0m40.2m61.1m22.2m44.8m68.3m24.7m49.4m74.0m24.6m49.3m81.1m24.8m49.4m74.0m24.3m

Accounts Receivable

(17.1m)(12.8m)8.5m3.1m(19.7m)(5.6m)(21.1m)(10.8m)(15.1m)(5.7m)15.4m5.8m(34.5m)(30.5m)19.7m26.5m44.9m31.5m42.9m50.3m4.8m(6.2m)(23.9m)(3.8m)(19.6m)(30.3m)(4.7m)(5.4m)(4.7m)13.9m

Accounts Payable

8.3m1.7m2.7m3.5m6.0m539.0k4.7m8.9m(3.4m)(156.0k)(11.1m)12.5m13.3m(2.1m)(6.8m)440.0k(8.3m)(3.4m)(7.7m)(8.4m)1.2m9.1m11.2m8.9m9.4m29.8m4.5m2.1m6.5m(10.4m)

Cash From Operating Activities

51.9m101.5m15.4m19.8m17.2m26.4m59.8m109.9m40.2m109.5m167.9m36.7m60.7m119.7m61.4m134.7m184.5m39.3m42.2m56.7m(3.6m)(24.1m)(29.2m)(8.9m)(27.7m)(25.8m)(26.1m)(48.7m)(72.3m)(45.7m)

Purchases of PP&E

(20.8m)(22.1m)(7.6m)(12.2m)(22.6m)(5.9m)(9.7m)(16.1m)(6.9m)(28.4m)(46.4m)(14.7m)(30.6m)(41.9m)(21.8m)(36.2m)(47.5m)(10.3m)(16.6m)(18.7m)(161.0k)(485.0k)(1.3m)(3.9m)(5.5m)(522.0k)(1.2m)(1.4m)(38.0k)

Capital Expenditures

(1.3m)(1.5m)(357.0k)(698.0k)(1.4m)(501.0k)(994.0k)(2.6m)(479.0k)(2.9m)(3.5m)(556.0k)(1.2m)(2.8m)(4.4m)(14.6m)(15.9m)(266.0k)(275.0k)(414.0k)(130.0k)(548.0k)(1.5m)(7.0k)(81.0k)(71.0k)(276.0k)(355.0k)

Cash From Investing Activities

(51.9m)(56.3m)(5.9m)(10.8m)(12.6m)(44.9m)(90.9m)(165.4m)(96.0m)(236.4m)(378.6m)(129.2m)(240.4m)(319.7m)35.2m(56.2m)(63.7m)(43.9m)(79.4m)(91.8m)(3.5m)(8.1m)(15.1m)(6.6m)(49.1m)(51.9m)(570.0k)(3.6m)(3.9m)(1.6m)

Long-term Borrowings

(252.2m)(300.0m)(300.0m)(234.6m)(250.0m)(250.0m)(5.1m)(5.1m)(50.0m)

Cash From Financing Activities

670.0k678.0k42.0k648.0k715.0k113.8m65.9m332.4m193.2m186.7m187.5m338.0k2.5m2.4m(2.0m)(31.0k)(123.0k)727.0k(370.0k)(573.0k)(59.7m)(59.7m)(536.0k)(276.0k)(276.0k)(23.7m)70.2m44.3m(51.6m)

Net Change in Cash

781.0k45.9m9.5m9.6m5.0m95.8m34.7m276.8m137.6m59.5m221.1m(90.0m)(175.0m)(195.5m)94.3m78.3m117.5m(4.0m)(35.3m)(34.3m)(8.0m)(92.2m)(104.2m)(16.0m)(77.8m)(50.4m)18.0m(32.1m)(100.2m)

Interest Paid

22.3m32.6m10.3m21.8m32.5m14.8m18.4m28.8m14.3m27.9m40.2m13.9m25.3m39.2m14.0m25.3m39.2m13.8m25.1m38.9m13.8m26.2m40.0m15.1m29.3m44.9m19.5m39.2m63.3m11.7m

Income Taxes Paid

2.4m2.6m376.0k499.0k833.0k532.0k729.0k964.0k553.0k1.9m3.3m937.0k1.7m4.1m1.4m1.9m3.3m1.8m2.2m2.7m349.0k710.0k1.0m449.0k650.0k933.0k(1.3m)(22.0k)369.0k288.0k

Free Cash Flow

50.5m100.0m15.0m19.1m15.8m25.9m58.9m107.3m39.8m106.5m164.5m36.1m59.5m116.9m57.1m120.1m168.6m39.0m42.0m56.3m(3.7m)(24.7m)(30.7m)(8.9m)(27.7m)(26.2m)(48.9m)(72.6m)

Hornbeck Offshore Ratios

USDQ2, 2010

Debt/Equity

0.9 x

Debt/Assets

0.4 x

Financial Leverage

2.2 x

Hornbeck Offshore Employee Rating

2.9107 votes
Culture & Values
2.9
Work/Life Balance
2.8
Senior Management
2.7
Salary & Benefits
3
Career Opportunities
3.1
Source