SEC Filings

8-K
HORNBECK OFFSHORE SERVICES INC /LA filed this Form 8-K on 08/07/2003
Entire Document
 
<PAGE>

               HORNBECK OFFSHORE SERVICES, INC. AND SUBSIDIARIES
                 UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
                   (in thousands, except Other Operating Data)


<Table>
<Caption>
                                                  THREE MONTHS ENDING                  SIX MONTHS ENDING
                                                        JUNE 30,                            JUNE 30,
                                             ------------------------------      ------------------------------
                                                 2003              2002              2003              2002
                                             ------------      ------------      ------------      ------------
OTHER OPERATING DATA (UNAUDITED):
<S>                                          <C>               <C>               <C>               <C>
OFFSHORE SUPPLY VESSELS:
Average number .........................             14.2              10.2              13.7               9.8
Average utilization rate 1 .............             92.3%             95.9%             91.0%             95.9%
Average dayrate 2 ......................     $     12,062      $     11,597      $     12,220      $     11,795

TUGS AND TANK BARGES:
Average number of tank barges ..........             16.0              16.0              15.8              16.0
Average fleet capacity (barrels) .......        1,156,330         1,130,727         1,133,797         1,130,727
Average barge size (barrels) ...........           72,271            70,670            71,893            70,670
Average utilization rate 1 .............             67.8%             73.9%             75.4%             80.4%
Average dayrate 3 ......................     $     10,999      $      9,511      $     11,239      $      9,505
</Table>


1    Utilization rates are average rates based on a 365-day year. Vessels are
     considered utilized when they are generating revenues.

2    Average dayrates represent average revenue per day, which includes charter
     hire and brokerage revenue, based on the number of days during the period
     that the offshore supply vessels generated revenue.

3    Average dayrates represent average revenue per day, including time
     charters, brokerage revenue, revenues generated on a per-barrel-
     transported basis, demurrage, shipdocking and fuel surcharge revenue, based
     on the number of days during the period that the tank barges generated
     revenue. For purposes of brokerage arrangements, this calculation excludes
     that portion of revenue that is equal to the cost of in- chartering third
     party equipment paid by customers.

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