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 Statements of Cash Flows
(In thousands)
 
Year Ended December 31, 2017
 
Parent
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Net cash provided by (used in) operating activities
$
(6,231
)
 
$
(12,152
)
 
$
3,725

 
$

 
$
(14,658
)
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Costs incurred for OSV newbuild program #5

 
(18,496
)
 
392

 

 
(18,104
)
Net proceeds from sale of assets

 
33

 
10

 

 
43

Vessel capital expenditures

 
(1,173
)
 
(514
)
 

 
(1,687
)
Non-vessel capital expenditures

 
(1,512
)
 
(40
)
 

 
(1,552
)
Net cash used in investing activities

 
(21,148
)
 
(152
)
 

 
(21,300
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Proceeds from first-lien credit facility
66,640

 

 

 

 
66,640

Repurchase of senior notes
(5,057
)
 

 

 

 
(5,057
)
Repurchase of convertible notes
(49,631
)
 

 

 

 
(49,631
)
Deferred financing costs
(5,636
)
 

 

 

 
(5,636
)
Shares withheld for payment of employee withholding taxes
(575
)
 

 

 

 
(575
)
Net cash proceeds from other shares issued
485

 

 

 

 
485

Net cash provided by financing activities
6,226

 

 

 

 
6,226

Effects of exchange rate changes on cash

 
(150
)
 
(296
)
 

 
(446
)
Net increase (decrease) in cash and cash equivalents
(5
)
 
(33,450
)
 
3,277

 

 
(30,178
)
Cash and cash equivalents at beginning of period
9

 
212,196

 
4,822

 

 
217,027

Cash and cash equivalents at end of period
$
4

 
$
178,746

 
$
8,099

 
$

 
$
186,849

SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES:
 
 
 
 
 
 
 
 
 
Cash paid for interest
$
52,194

 
$

 
$

 
$

 
$
52,194

Cash paid for (refunds of) income taxes
$

 
$
(9,793
)
 
$
751

 
$

 
$
(9,042
)
SUPPLEMENTAL DISCLOUSURES OF NON-CASH FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Exchange of convertible notes for first-lien term loan
$
127,096

 
$

 
$

 
$

 
$
127,096




























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