XML 19 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net revenues:        
Net revenues $ 232,178 $ 197,461 $ 429,607 $ 427,303
Cost of sales:        
Cost of sales 164,681 147,491 307,943 304,850
Impairments   21,532 1,600 21,532
Total cost of sales 164,681 169,023 309,543 326,382
Gross profit 67,497 28,438 120,064 100,921
Loss on commodity derivative contracts     (14,113)  
Loss on sale of assets (1,085)   (1,085)  
Selling, general and administrative expenses (19,215) (21,569) (42,431) (43,984)
Income from operations 47,197 6,869 62,435 56,937
Equity in earnings of investments 683 5,748 1,293 6,155
Net interest expense (11,344) (11,645) (21,667) (26,122)
Loss on early extinguishment of long term debt (646)   (3,528) (17,127)
Other expense, net (566) (1,711) (4,250) (1,641)
Other income - oil and gas 1,282   4,100  
Income (loss) before income taxes 36,606 (739) 38,383 18,202
Income tax provision (benefit) 8,577 (3,953) 9,020 (2,675)
Income from continuing operations 28,029 3,214 29,363 20,877
Income (loss) from discontinued operations, net of tax (29) 42,216 1,029 91,069
Net income, including noncontrolling interests 28,000 45,430 30,392 111,946
Less net income applicable to noncontrolling interests (789) (789) (1,566) (1,578)
Net income (loss) applicable to Helix $ 27,211 $ 44,641 $ 28,826 $ 110,368
Basic earnings per share of common stock:        
Continuing operations $ 0.26 $ 0.02 $ 0.26 $ 0.18
Discontinued operations $ 0.00 $ 0.40 $ 0.01 $ 0.87
Net income per common share $ 0.26 $ 0.42 $ 0.27 $ 1.05
Diluted earnings per share of common stock:        
Continuing operations $ 0.26 $ 0.02 $ 0.26 $ 0.18
Discontinued operations $ 0.00 $ 0.40 $ 0.01 $ 0.87
Net income per common share $ 0.26 $ 0.42 $ 0.27 $ 1.05
Weighted average common shares outstanding:        
Basic 105,046 104,563 105,039 104,547
Diluted 105,133 105,042 105,141 105,012