Helix Energy Solutions Group, Inc. (HLX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 61.79M | 113.16M | 24.28M | -17.13M | 16.44M | 77.98M | 55.37M | -12.27M | 64.48M | 94.74M | 31.61M | 31.5M | -5.39M | 49.71M | 24.33M | 1.91M | -17.55M | 18.86M | 27.5M | 52.67M |
| Operating CF Margin % | 21.46% | 33.86% | 6.44% | -5.67% | 5.91% | 21.96% | 16.17% | -3.36% | 21.77% | 28.27% | 7.99% | 10.2% | -2.16% | 17.27% | 8.93% | 1.17% | -11.69% | 11.19% | 15.22% | 32.52% |
| Operating CF Growth % | 275.78% | 45.12% | -56.15% | -39.62% | -74.5% | -17.69% | 75.16% | -138.95% | 1295.92% | 90.57% | 29.94% | 1551% | 69.27% | 163.51% | -11.55% | -96.38% | -144.02% | -53.04% | -39.98% | 126.41% |
| Net Income | -13.41M | 8.27M | 22.07M | -2.6M | 3.07M | 20.12M | 29.48M | 32.26M | -26.29M | -28.33M | 15.56M | 7.1M | -5.17M | 2.71M | -18.76M | -29.7M | -42.03M | -25.91M | -19.04M | -13.71M |
| Depreciation & Amortization | 43.86M | 33.51M | 55.66M | 33.95M | 33.25M | 4.47M | 42.9M | 44.06M | 36.66M | 44.77M | 43.25M | 39.23M | 37.54M | 40.69M | 35.94M | 33.16M | 33.49M | 35.87M | 36.72M | 34.94M |
| Stock-Based Compensation | 0 | 1.63M | 0 | 0 | 1.65M | 1.74M | 0 | 1.98M | 1.71M | -600K | 1.6M | 1.59M | 1.57M | 800K | 0 | 0 | 0 | -1.1M | 0 | 0 |
| Deferred Taxes | 0 | -11.89M | 2.89M | -6M | -400K | 0 | 3.55M | 10.19M | -574K | 0 | 5.96M | 2.29M | -1.31M | 0 | 3.43M | 172K | -722K | 0 | -6.73M | -2.76M |
| Other Non-Cash Items | -8.05M | 26.34M | -11.47M | 4.16M | 9.22M | -57.31M | -1.37M | -77K | 33.51M | -7.7M | 25.91M | 17.58M | 888K | -35.87M | 30.7M | 12.01M | 4.73M | 14.17M | 5.2M | 3.03M |
| Working Capital Changes | 39.37M | 55.3M | -44.87M | -46.65M | -30.35M | 108.95M | -19.2M | -100.68M | 19.47M | 86.61M | -60.66M | -36.29M | -38.92M | 41.39M | -26.98M | -13.73M | -13.01M | -4.17M | 11.36M | 31.16M |
| Change in Receivables | 75.85M | 55.78M | -30.87M | -61.31M | -1.12M | 995K | 18.36M | -64.68M | 59.06M | 31.51M | -59.38M | -34.17M | -2.48M | 20.4M | -35.1M | -17.3M | 2.14M | -7.52M | -18.39M | 12.22M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -73.76M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -23.84M | 0 | -23.97M | 22.1M | 4.52M | 0 | 1.98M | -24.66M | 0 | 0 | -24.59M | 73.76M | 0 | 0 | 28.51M | 23.4M | -4.65M | 0 | 9.75M | 23.71M |
| Cash from Investing | -2.81M | -5.7M | -1.69M | -4.47M | -4.49M | -12.52M | -3.09M | -3.99M | -3.24M | -2.86M | -8.24M | -1.25M | -6.3M | -28.51M | -115.43M | -1.56M | -623K | -936K | -574K | -7.7M |
| Capital Expenditures | -2.81M | -5.7M | -1.69M | -4.47M | -4.49M | -12.52M | -3.19M | -3.99M | -3.6M | -3.42M | -8.24M | -1.25M | 0 | -28.51M | -2.8M | -1.56M | -623K | -936K | -614K | -5.44M |
| CapEx % of Revenue | 0.98% | 1.7% | 0.45% | 1.48% | 1.61% | 3.53% | 0.93% | 1.09% | 1.22% | 1.02% | 2.08% | 0.41% | 2.67% | 9.91% | 1.03% | 0.96% | 0.41% | 0.56% | 0.34% | 3.36% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 100K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -112.63M | 0 | 0 | 0 | 40K | -2.26M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 363K | 564K | 0 | 0 | -6.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -4.34M | -138K | -4.14M | -29.7M | -11.07M | -19.74M | -3.69M | -32.12M | -69.3M | 76.48M | -36.3M | -5.65M | -9.42M | -407K | -3.79M | -34.82M | -5.27M | -338K | -31.65M | -649K |
| Debt Issued (Net) | -4.76M | 0 | -4.65M | 0 | -4.54M | 0 | -4.43M | -21K | -65.02M | -230.73M | -34.63M | 0 | -4.12M | 0 | -4.02M | -35M | -3.92M | 0 | -31.9M | -58.18M |
| Equity Issued (Net) | 0 | 0 | 508K | -29.7M | 728K | -19.43M | 741K | -6.01M | -4.18M | -372K | -1.93M | -5.08M | -4.98M | -377K | 222K | 180K | 173K | -123K | 211K | 226K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -30.21M | 0 | -19.43M | 0 | -6.01M | -4.18M | -372K | -1.93M | -5.08M | -4.98M | -377K | 0 | 0 | 0 | -123K | 0 | 0 |
| Other Financing | 420K | -138K | 0 | 0 | -7.27M | -305K | 0 | -26.08M | -106K | 307.59M | 256K | -570K | -325K | -30K | 0 | 0 | -1.52M | -215K | 43K | 57.31M |
| Net Change in Cash | 56.08M | 107.16M | 18.29M | -50.24M | 1.96M | 43.91M | 49.05M | -48.78M | -8.34M | 163.82M | -14.28M | 13.47M | -19.93M | 24.34M | -98.33M | -39.58M | -24.45M | 18.3M | -6.36M | 44.81M |
| Free Cash Flow | 58.98M | 107.47M | 22.59M | -21.6M | 11.95M | 65.45M | 52.18M | -16.26M | 60.88M | 91.31M | 23.37M | 30.25M | -12.06M | 21.2M | 21.52M | 344K | -18.17M | 17.93M | 26.89M | 47.23M |
| FCF Margin % | 20.48% | 32.16% | 5.99% | -7.15% | 4.3% | 18.43% | 15.24% | -4.46% | 20.55% | 27.25% | 5.91% | 9.79% | -4.82% | 7.37% | 7.9% | 0.21% | -12.1% | 10.63% | 14.88% | 29.16% |
| FCF Growth % | 393.35% | 64.19% | -56.71% | -32.86% | -80.36% | -28.32% | 123.33% | -153.76% | 604.93% | 330.77% | 8.56% | 8692.44% | 33.65% | 18.23% | -19.95% | -99.27% | -147.15% | -54.17% | -39.17% | 161.3% |
| FCF per Share | 0.40 | 0.73 | 0.15 | -0.14 | 0.08 | 0.42 | 0.34 | -0.10 | 0.40 | 0.61 | 0.15 | 0.20 | -0.08 | 0.14 | 0.14 | 0.00 | -0.12 | 0.12 | 0.18 | 0.31 |
| FCF Conversion (FCF/Net Income) | -4.61x | 13.68x | 1.10x | 6.59x | 5.35x | 3.88x | 1.88x | -0.38x | -2.45x | -3.34x | 2.03x | 4.44x | 1.04x | 18.35x | -1.30x | -0.06x | 0.42x | -0.73x | -1.44x | -3.84x |
| Interest Paid | 0 | 150K | 0 | 0 | 15.32M | 116K | 0 | 0 | 9.61M | 3.96M | 0 | 0 | 8.5M | 124K | 0 | 0 | 0 | 774K | 0 | 0 |
| Taxes Paid | 0 | 4.26M | 0 | 0 | 4.5M | -1.51M | 0 | 0 | 1.51M | 0 | 0 | 0 | 1.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |