XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.24.2

Business Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of financial data by reportable segment | Certain financial data by reportable segment are summarized as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2024 |  | 2023 | ​ | 2024 |  | 2023
Net revenues — |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Well Intervention | ​ | $ | 224,679 | ​ | $ | 154,221 | ​ | $ | 441,138 | ​ | $ | 296,659
Robotics | ​ |  | 81,249 | ​ |  | 70,050 | ​ |  | 131,558 | ​ |  | 119,272
Shallow Water Abandonment | ​ | ​ | 50,841 | ​ | ​ | 76,306 | ​ | ​ | 77,694 | ​ | ​ | 125,687
Production Facilities | ​ |  | 25,400 | ​ |  | 23,128 | ​ |  | 49,552 | ​ |  | 44,033
Intercompany eliminations | ​ |  | (17,372) | ​ |  | (14,888) | ​ |  | (38,934) | ​ |  | (26,750)
Total | ​ | $ | 364,797 | ​ | $ | 308,817 | ​ | $ | 661,008 | ​ | $ | 558,901
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income (loss) from operations — | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |
Well Intervention | ​ | $ | 29,299 | ​ | $ | 3,380 | ​ | $ | 47,978 | ​ | $ | (4,763)
Robotics | ​ |  | 28,400 | ​ |  | 17,467 | ​ |  | 33,850 | ​ |  | 22,561
Shallow Water Abandonment | ​ | ​ | (281) | ​ | ​ | 19,762 | ​ | ​ | (12,709) | ​ | ​ | 26,584
Production Facilities | ​ |  | 9,097 | ​ |  | 7,774 | ​ |  | 7,554 | ​ |  | 12,931
Segment operating income | ​ |  | 66,515 | ​ |  | 48,383 | ​ |  | 76,673 | ​ |  | 57,313
Change in fair value of contingent consideration | ​ | ​ | — | ​ | ​ | (10,828) | ​ | ​ | — | ​ | ​ | (14,820)
Corporate, eliminations and other | ​ |  | (13,322) | ​ |  | (17,350) | ​ |  | (24,756) | ​ |  | (30,591)
Total | ​ | $ | 53,193 | ​ | $ | 20,205 | ​ | $ | 51,917 | ​ | $ | 11,902
Net interest expense | ​ | ​ | (5,891) | ​ | ​ | (4,228) | ​ | ​ | (11,368) | ​ | ​ | (8,415)
Losses related to convertible senior notes | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (20,922) | ​ | ​ | —
Other non-operating expense, net | ​ | ​ | (288) | ​ | ​ | (5,565) | ​ | ​ | (598) | ​ | ​ | (258)
Income before income taxes | ​ | $ | 47,014 | ​ | $ | 10,412 | ​ | $ | 19,029 | ​ | $ | 3,229
Schedule of intercompany segment revenues | Intercompany segment revenues are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023
Well Intervention | ​ | $ | 6,918 | ​ | $ | 6,873 | ​ | $ | 18,170 | ​ | $ | 11,342
Robotics | ​ |  | 10,348 | ​ |  | 7,989 | ​ |  | 20,576 | ​ |  | 15,382
Shallow Water Abandonment | ​ |  | 106 | ​ |  | 26 | ​ |  | 188 | ​ |  | 26
Total | ​ | $ | 17,372 | ​ | $ | 14,888 | ​ | $ | 38,934 | ​ | $ | 26,750
Schedule of total assets by reportable segment | The following table reflects total assets by reportable segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ |  | 2024 |  | 2023
Well Intervention | ​ | $ | 1,907,375 | ​ | $ | 1,790,971
Robotics | ​ |  | 228,763 | ​ |  | 177,801
Shallow Water Abandonment | ​ | ​ | 183,924 | ​ | ​ | 256,356
Production Facilities | ​ |  | 115,050 | ​ |  | 120,234
Corporate and other | ​ |  | 161,825 | ​ |  | 210,674
Total | ​ | $ | 2,596,937 | ​ | $ | 2,556,036
​

X
- Definition Schedule Of Intercompany Segment Revenues [Table Text Block] + References No definition available. + Details
Name: | hlx_ScheduleOfIntercompanySegmentRevenuesTableTextBlock
Namespace Prefix: | hlx_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration