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Business Combinations (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Combinations |
Schedule of purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities | The following table summarizes the purchase consideration and the preliminary purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed as of July 1, 2022 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As Originally | ​ | ​ | ​ | As
​ | ​ | Reported | ​ | Adjustments (1) | ​ | Adjusted
Cash consideration | ​ | $ | 118,961 | ​ | $ | — | ​ | $ | 118,961
Contingent consideration | ​ |  | 26,700 | ​ |  | — | ​ |  | 26,700
Total fair value of consideration transferred | ​ | $ | 145,661 | ​ | ​ | — | ​ | $ | 145,661
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets acquired: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 6,336 | ​ | ​ | — | ​ | $ | 6,336
Accounts receivable (2) | ​ | ​ | 43,378 | ​ | ​ | — | ​ | ​ | 43,378
Other current assets | ​ | ​ | 4,879 | ​ | ​ | 1,198 | ​ | ​ | 6,077
Property and equipment | ​ | ​ | 118,619 | ​ | ​ | (1,298) | ​ | ​ | 117,321
Operating lease right-of-use assets | ​ | ​ | 1,205 | ​ | ​ | — | ​ | ​ | 1,205
Intangible assets | ​ | ​ | 1,400 | ​ | ​ | 100 | ​ | ​ | 1,500
Other assets | ​ |  | 2,133 | ​ | ​ | — | ​ |  | 2,133
Total assets acquired | ​ | ​ | 177,950 | ​ | ​ | — | ​ | ​ | 177,950
Liabilities assumed: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accounts payable | ​ | ​ | 20,480 | ​ | ​ | — | ​ | ​ | 20,480
Accrued liabilities | ​ | ​ | 3,073 | ​ | ​ | — | ​ | ​ | 3,073
Operating lease liabilities | ​ |  | 1,205 | ​ | ​ | — | ​ |  | 1,205
Deferred tax liabilities | ​ |  | 7,531 | ​ | ​ | — | ​ |  | 7,531
Total liabilities assumed | ​ |  | 32,289 | ​ | ​ | — | ​ |  | 32,289
Net assets acquired | ​ | $ | 145,661 | ​ | $ | — | ​ | $ | 145,661
(1) | Adjustments to the preliminary purchase price allocation stem mainly from additional information obtained in between the closing of the Alliance acquisition on July 1, 2022 and December 31, 2022 about facts and circumstances that existed as of the acquisition date.
(2) | The gross contractual accounts receivable totaled $44.2 million. The fair value of accounts receivable reflects our best estimate at the acquisition date of contractual cash flows expected to be collected.
Schedule of pro forma information | The following table summarizes the pro forma results of Helix and Alliance (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ | ​ | 2022 |  | 2021
Revenues | ​ | $ | 952,837 | ​ | $ | 789,051
Net loss | ​ | ​ | (79,686) | ​ | ​ | (56,203)
​
Schedule of changes in carrying amount of goodwill | The changes in the carrying amount of goodwill are as follows (in thousands): ​
​ | ​ | ​ | ​
​ |  | Well Intervention
Balance at December 31, 2019 |  | $ | 7,157
Impairment loss |  | ​ | (6,689)
Foreign currency adjustments |  | ​ | (468)
Balance at December 31, 2020 |  | $ | —

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