SEC Filings

10-K
HORNBECK OFFSHORE SERVICES INC /LA filed this Form 10-K on 02/28/2018
Entire Document
 
HORNBECK OFFSHORE SERVICES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


Condensed Consolidating Balance Sheet
(In thousands, except per share data)
 
Year Ended December 31, 2017
 
Parent
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
4

 
$
178,746

 
$
8,099

 
$

 
$
186,849

Accounts receivable, net of allowance for doubtful accounts of $6,054

 
40,407

 
4,295

 

 
44,702

Other current assets
29

 
16,051

 
810

 

 
16,890

Total current assets
33

 
235,204

 
13,204

 

 
248,441

Property, plant and equipment, net

 
2,379,097

 
121,916

 

 
2,501,013

Deferred charges, net

 
11,408

 
1,404

 

 
12,812

Intercompany receivable
1,778,711

 
648,920

 
39,445

 
(2,467,076
)
 

Investment in subsidiaries
790,734

 
8,602

 

 
(799,336
)
 

Other assets

 
5,984

 
628

 

 
6,612

Total assets
$
2,569,478

 
$
3,289,215

 
$
176,597

 
$
(3,266,412
)
 
$
2,768,878

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable
$

 
$
15,643

 
$
553

 
$

 
$
16,196

Accrued interest
14,734

 

 

 

 
14,734

Accrued payroll and benefits

 
8,458

 
1,017

 

 
9,475

Other accrued liabilities

 
8,129

 
328

 

 
8,457

Total current liabilities
14,734

 
32,230

 
1,898

 

 
48,862

Long-term debt, including deferred gain of $18,911, and net of original issue discount of $7,862 and deferred financing costs of $10,134
1,080,826

 

 

 

 
1,080,826

Deferred tax liabilities, net

 
192,793

 
4,672

 

 
197,465

Intercompany payables
140,019

 
2,240,832

 
190,177

 
(2,571,028
)
 

Other liabilities

 
3,802

 
(1
)
 

 
3,801

Total liabilities
1,235,579

 
2,469,657

 
196,746

 
(2,571,028
)
 
1,330,954

Stockholders’ equity:
 
 
 
 
 
 
 
 
 
Preferred stock: $0.01 par value; 5,000 shares authorized; no shares issued and outstanding

 

 

 

 

Common stock: $0.01 par value; 100,000 shares authorized; 37,144 shares issued and outstanding
371

 

 

 

 
371

Additional paid-in capital
758,690

 
37,975

 
8,602

 
(44,989
)
 
760,278

Retained earnings
574,838

 
781,583

 
(37,428
)
 
(650,395
)
 
668,598

Accumulated other comprehensive income

 

 
8,677

 

 
8,677

Total stockholders’ equity
1,333,899

 
819,558

 
(20,149
)
 
(695,384
)
 
1,437,924

Total liabilities and stockholders’ equity
$
2,569,478

 
$
3,289,215

 
$
176,597

 
$
(3,266,412
)
 
$
2,768,878

 
 
 
 
 
 
 
 
 
 


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