HORNBECK OFFSHORE SERVICES, INC. (HOS)
Hornbeck Offshore Services is a provider of marine transportation services to customers in the offshore oilfield market and diversified non-oilfield markets, including military support services and renewable energy development. The company owns and operates fleets of offshore support vessels and multi-purpose support vessels, primarily in the United States, Gulf of Mexico, and select international markets.
Sector: Oil & Gas Field Services, NEC
Industry: Oil & Gas Equipment & Services
Hornbeck Offshore Services, Inc.
NYSE:HOSEnergy · Oil & Gas Equipment & Services
-1.55%$6.99
AH Close$6.99+0.00%vs close
AH Close$6.99+0.00%vs close
Mkt Cap$2.29B
Float255.23M
O/S327M
Inst Own42.1%
SI3.4%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$212.4M
Net Income-$119.12M
Total Assets$2.76B
Free Cash Flow-$50.27M
Debt & Equity
Debt 48%
Equity 52%
Total Debt$1.22B
Total Equity$1.31B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in HOS's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.76B
Liabilities$1.46B
Accounts Receivable$54.92M
Accounts Payable$26.83M
Inventory$0
PP&E (Net)$2.43B
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Revenue | $212.4M | $191.41M | $224.3M | $476.07M | $634.79M | $548.14M | $512.74M | $381.63M | $420.8M |
| YoY Growth | 11.0% | -14.7% | -52.9% | -25.0% | 15.8% | 6.9% | 34.4% | -9.3% | - |
| Cost of Revenue | $147.64M | $120.54M | $131.66M | $219.26M | $296.5M | $239.24M | $255.4M | $0 | $0 |
| Gross Profit | $64.76M | $70.88M | $92.64M | $256.81M | $338.29M | $308.91M | $257.34M | $381.63M | $420.8M |
| Gross Margin | 30.5% | 37.0% | 41.3% | 53.9% | 53.3% | 56.4% | 50.2% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $43.53M | $47.6M | $43.36M | $48.3M | $54.24M | $53.43M | $48.5M | $35.36M | $36.77M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $211.2M | $196.77M |
| Total Operating Expenses | $43.53M | $47.6M | $43.36M | $48.3M | $54.24M | $53.43M | $48.5M | $246.56M | $233.54M |
| Operating Income (EBIT) | -$87.38M | -$88.74M | -$64.22M | $143.54M | $169.42M | $171.1M | $121.31M | $55.02M | $112.23M |
| Operating Margin | -41.1% | -46.4% | -28.6% | 30.2% | 26.7% | 31.2% | 23.7% | 14.4% | 26.7% |
| Interest Expense | $63.57M | $51.36M | $48.67M | $39.5M | $30.73M | $47.35M | $57.87M | $59.65M | $55.18M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$61.37M | -$34.08M | -$45.13M | -$36.97M | -$29.15M | -$70.7M | -$61.56M | -$58.38M | -$54.31M |
| Income Before Tax (EBT) | -$148.74M | -$122.82M | -$109.35M | $106.58M | $140.27M | $100.4M | $59.74M | -$3.36M | $57.92M |
| Income Tax Expense | -$29.62M | -$150.24M | -$45.51M | $39.76M | $52.37M | $36.32M | $22.73M | -$802K | $21.5M |
| Net Income | -$119.12M | $27.42M | -$63.85M | $66.82M | $88.53M | $111.39M | $37.02M | -$2.56M | $36.42M |
| Net Income Margin | -56.1% | 14.3% | -28.5% | 14.0% | 13.9% | 20.3% | 7.2% | -0.7% | 8.7% |
| Supplementary Data | |||||||||
| EPS | -3.18 | 0.74 | -1.76 | 1.87 | 2.45 | 3.10 | 1.05 | -0.09 | 1.38 |
| Diluted EPS | -3.18 | 0.73 | -1.76 | 1.84 | 2.41 | 3.05 | 1.03 | -0.09 | 1.34 |
| Weighted Average OS | 37.51M | 36.86M | 36.25M | 35.76M | 36.17M | 35.90M | 35.31M | 27.88M | 26.40M |
| EBITDA | $27.91M | $48.56M | $64.25M | $264.78M | $295.23M | $297.85M | $225.29M | $153.76M | $205.35M |
| EBITDA Margin | 13.1% | 25.4% | 28.6% | 55.6% | 46.5% | 54.3% | 43.9% | 40.3% | 48.8% |
Balance Sheet
| Period | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $224.94M | $186.85M | $217.03M | $259.8M | $185.12M | $439.29M | $576.68M | $356.85M | $126.97M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $224.94M | $186.85M | $217.03M | $259.8M | $185.12M | $439.29M | $576.68M | $356.85M | $126.97M |
| Accounts Receivable | $54.92M | $44.7M | $36.55M | $91.2M | $130.97M | $93.51M | $103.27M | $85.63M | $71.78M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $19.77M | $16.89M | $16.98M | $13.03M | $66.05M | $87.83M | $51.57M | $26.09M | $17.6M |
| Total Current Assets | $299.63M | $248.44M | $270.56M | $364.04M | $382.14M | $620.63M | $731.51M | $468.56M | $216.34M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $2.43B | $2.5B | $2.58B | $2.57B | $2.46B | $2.13B | $1.81B | $1.61B | $1.61B |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $5.35M | $45.53M | $72.47M | $28.72M | $3.22M | $0 |
| Other Long-Term Assets | $30.18M | $19.42M | $29.33M | $40.37M | $35.29M | $15.81M | $59.39M | $58.77M | $55.96M |
| Total Long-Term Assets | $2.47B | $2.52B | $2.61B | $2.62B | $2.54B | $2.21B | $1.9B | $1.67B | $1.66B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.76B | $2.77B | $2.88B | $2.98B | $2.92B | $2.83B | $2.63B | $2.14B | $1.88B |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $26.83M | $16.2M | $11.77M | $35.92M | $42.4M | $52.93M | $48.29M | $36.71M | $25.1M |
| Short-Term Debt | $96.31M | $177.56M | $215K | $500K | $800K | $0 | $238.91M | $900K | $0 |
| Current Income Tax Payable | $0 | $0 | $215K | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $10M | $460K | $2.25M | $5.73M | $1.56M | $8.79M | $19.43M | $1.77M | $2.2M |
| Other Current Liabilities | $28.11M | -$145.35M | $30.91M | $43.4M | $38.28M | $39.95M | $36.89M | $27.97M | $26.89M |
| Total Current Liabilities | $161.24M | $48.86M | $45.14M | $85.55M | $83.05M | $101.67M | $343.5M | $67.35M | $54.19M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $1.12B | $1.08B | $1.08B | $1.07B | $1.07B | $1.06B | $850.53M | $770.65M | $758.23M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $169.12M | $197.47M | $343.02M | $381.62M | $392.49M | $368.42M | $270.48M | $223.68M | $222.41M |
| Other Long-Term Liabilities | $2.72M | $3.8M | $3.41M | $808K | $1.12M | $4.37M | $1.37M | $1.68M | $1.72M |
| Total Long-Term Liabilities | $1.3B | $1.28B | $1.43B | $1.45B | $1.47B | $1.44B | $1.12B | $996.01M | $982.36M |
| Other Liabilities | $0 | $0 | $0 | $0 | $1.56M | $306K | $0 | $0 | $0 |
| Total Liabilities | $1.46B | $1.33B | $1.48B | $1.54B | $1.55B | $1.54B | $1.47B | $1.06B | $1.04B |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $377K | $371K | $365K | $360K | $356K | $361K | $355K | $350K | $266K |
| Retained Earnings | $549.48M | $668.6M | $637.99M | $701.84M | $635.02M | $571.48M | $460.09M | $423.07M | $425.63M |
| Comprehensive Income & Other | -$3.76M | $8.68M | $10.24M | -$4.08M | -$902K | -$795K | -$258K | -$79K | $304K |
| Other Stockholders' Equity | $758.07M | $768.96M | $764.64M | $743.97M | $735.39M | $723.58M | $705.4M | $649.57M | $415.98M |
| Total Equity | $1.31B | $1.44B | $1.4B | $1.45B | $1.37B | $1.3B | $1.17B | $1.07B | $841.88M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.76B | $2.77B | $2.88B | $2.98B | $2.92B | $2.83B | $2.63B | $2.14B | $1.88B |
| Supplementary Data | |||||||||
| Total Debt | $1.22B | $1.26B | $1.08B | $1.07B | $1.07B | $1.06B | $1.09B | $771.55M | $758.23M |
| Net Debt | $995M | $1.07B | $866.68M | $810.98M | $889.15M | $624.8M | $512.76M | $414.7M | $631.27M |
Cash Flow Statement
| Period | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Operating Activities | |||||||||
| Net Income | -$119.12M | $27.42M | -$63.85M | $66.82M | $88.53M | $111.39M | $37.02M | -$2.56M | $36.42M |
| Depreciation & Amortization | $113.09M | $120.02M | $124.93M | $118.7M | $123.6M | $102.79M | $107.68M | $97.47M | $92.25M |
| Deferred Income Tax | $25.04M | $141.53M | $43.05M | -$34.09M | -$50.44M | -$32.32M | -$22.23M | $1.66M | -$20.56M |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$10.29M | -$8.53M | $58.32M | $39.74M | -$38.5M | $9.79M | -$18.83M | -$13.13M | -$9.93M |
| Inventory | -$193.91M | -$226.29M | -$325.91M | -$328.35M | -$476.31M | -$398.87M | -$384.62M | -$160.65M | $0 |
| Accounts Payable | $4.62M | $9.4M | -$10.9M | -$10.49M | -$4.15M | $1.07M | $2.23M | $11.62M | $7.12M |
| Other Working Capital | $138.39M | $199.58M | $225.41M | $278.49M | $299.1M | $518.96M | $388M | $401.22M | $2.81M |
| Total Working Capital Change | -$61.19M | -$25.83M | -$53.08M | -$20.61M | -$219.86M | $130.96M | -$13.21M | $239.06M | $159.35M |
| Other Non-Cash Items | -$3.86M | -$284.79M | -$7.99M | $74.72M | $210.96M | -$117.64M | $25.29M | -$278.42M | -$145.16M |
| Net Cash from Operating | -$42.35M | -$14.66M | $53.05M | $215.84M | $163.11M | $207.07M | $145.44M | $63.73M | $131.01M |
| Investing Activities | |||||||||
| Capital Expenditures | -$7.92M | -$1.69M | -$20.69M | -$86.79M | -$55.09M | -$73.59M | -$17.64M | -$29.03M | -$24.17M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$25M | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$44.61M | -$19.61M | -$76.32M | -$54.56M | -$321.43M | -$453.04M | -$242.14M | -$33.27M | -$32.82M |
| Net Cash from Investing | -$52.52M | -$21.3M | -$97.01M | -$141.35M | -$401.51M | -$526.63M | -$259.78M | -$62.3M | -$56.99M |
| Financing Activities | |||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $241.5M | $0 |
| Common Stock Repurchases | -$224.94M | -$186.85M | $0 | $0 | -$25M | -$439.29M | -$576.68M | -$356.85M | -$126.97M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $133.81M | $6.23M | $198K | $1.02M | -$19.66M | -$61.34M | $334.35M | $228.83M | $1.87M |
| Net Cash from Financing | $133.81M | $6.23M | $198K | $1.02M | -$19.66M | -$61.34M | $334.35M | $228.83M | $1.87M |
| Forex Effect | -$842K | -$446K | $989K | -$839K | -$107K | -$537K | -$179K | -$383K | $56K |
| Net Change in Cash | $38.09M | -$30.18M | -$42.77M | $74.68M | -$254.17M | -$137.39M | $219.83M | $229.88M | $75.95M |
| Supplementary Data | |||||||||
| Operating Cash Flow | -$42.35M | -$14.66M | $53.05M | $215.84M | $163.11M | $207.07M | $145.44M | $63.73M | $131.01M |
| Capital Expenditure | -$7.92M | -$1.69M | -$20.69M | -$86.79M | -$55.09M | -$73.59M | -$17.64M | -$29.03M | -$24.17M |
| Free Cash Flow | -$50.27M | -$16.34M | $32.36M | $129.05M | $108.02M | $133.47M | $127.8M | $34.71M | $106.84M |
| Cash at Beginning | $186.85M | $217.03M | $259.8M | $185.12M | $439.29M | $576.68M | $356.85M | $126.97M | $51.02M |
| Cash at End | $224.94M | $186.85M | $217.03M | $259.8M | $185.12M | $439.29M | $576.68M | $356.85M | $126.97M |