SEC Filings

10-Q
HORNBECK OFFSHORE SERVICES INC /LA filed this Form 10-Q on 05/09/2018
Entire Document
 

HORNBECK OFFSHORE SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
 
Three Months Ended 
 March 31,
 
2018
 
2017
 
(Unaudited)
Revenues:
 
 
 
Vessel revenues
$
33,134

 
$
35,849

Non-vessel revenues
8,453

 
8,230

 
41,587

 
44,079

Costs and expenses:
 
 
 
Operating expenses
35,969

 
27,935

Depreciation
24,648

 
24,677

Amortization
1,992

 
3,724

General and administrative expenses
12,875

 
14,242

 
75,484

 
70,578

Gain on sale of assets
43

 
18

Operating loss
(33,854
)
 
(26,481
)
Other income (expense):
 
 
 
Interest income
644

 
401

Interest expense
(13,945
)
 
(13,809
)
Other income (expense), net
9

 
(323
)
 
(13,292
)
 
(13,731
)
Loss before income taxes
(47,146
)
 
(40,212
)
Income tax benefit
(8,491
)
 
(12,314
)
Net loss
$
(38,655
)
 
$
(27,898
)
Loss per share:
 
 
 
Basic loss per common share
$
(1.04
)
 
$
(0.76
)
Diluted loss per common share
$
(1.04
)
 
$
(0.76
)
Weighted average basic shares outstanding
37,339

 
36,596

Weighted average diluted shares outstanding
37,339

 
36,596



The accompanying notes are an integral part of these consolidated statements.

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