XML 65 R70.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Guarantor And Non-Guarantor Financial Information (Schedule Of Condensed Consolidating Statements Of Operations) (Details) (USD $)
In Thousands
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Net revenues$ 372,496$ 392,669$ 1,002,422$ 893,501
Cost of sales250,201306,117702,853875,911
Gross profit (loss)122,29586,552299,56917,590
Gain on oil & gas derivative contracts 161 2,643
Gain (loss) on sale or acquisition of assets 13(6)6,246
Selling, general and administrative expenses(22,082)(26,628)(70,821)(91,675)
Income (loss) from operations100,21360,098228,742(65,196)
Equity in earnings of investments4,9066,22116,44312,932
Net interest expense and other(34,828)(21,407)(80,429)(64,826)
Income (loss) before income taxes70,29144,912164,756(117,090)
Provision (benefit) for income taxes23,46517,96549,186(41,962)
Net income (loss), including noncontrolling interests46,82626,947115,570(75,128)
Less net income applicable to noncontrolling interests(800)(776)(2,354)(2,049)
Preferred stock dividends(10)(10)(30)(104)
Net income (loss) applicable to Helix common shareholders46,01626,161113,186(77,281)
Helix [Member]
    
Net revenues19,98682,76456,113137,456
Cost of sales15,69842,39747,41473,889
Gross profit (loss)4,28840,3678,69963,567
Gain on oil & gas derivative contracts    
Gain (loss) on sale or acquisition of assets  (6) 
Selling, general and administrative expenses(6,752)(15,465)(27,512)(52,923)
Income (loss) from operations(2,464)24,902(18,819)10,644
Equity in earnings of investments60,83127,871167,867(36,865)
Net interest expense and other(17,612)(19,452)(53,139)(42,160)
Income (loss) before income taxes40,75533,32195,909(68,381)
Provision (benefit) for income taxes(5,266)7,185(17,229)517
Net income (loss), including noncontrolling interests46,02126,136113,138(68,898)
Preferred stock dividends(10)(10)(30)(104)
Net income (loss) applicable to Helix common shareholders46,01126,126113,108(69,002)
Guarantors [Member]
    
Net revenues266,447212,105756,344568,075
Cost of sales182,259184,369521,387641,568
Gross profit (loss)84,18827,736234,957(73,493)
Gain on oil & gas derivative contracts 161 2,643
Gain (loss) on sale or acquisition of assets   287
Selling, general and administrative expenses(9,551)(7,370)(29,502)(25,285)
Income (loss) from operations74,63720,527205,455(95,848)
Equity in earnings of investments7,2777,5675,80910,672
Net interest expense and other(8,016)(3,996)(18,615)(16,564)
Income (loss) before income taxes73,89824,098192,649(101,740)
Provision (benefit) for income taxes24,4194,53066,479(40,606)
Net income (loss), including noncontrolling interests49,47919,568126,170(61,134)
Net income (loss) applicable to Helix common shareholders49,47919,568126,170(61,134)
Non-Guarantors [Member]
    
Net revenues109,780111,581260,582256,639
Cost of sales75,64392,765203,651215,067
Gross profit (loss)34,13718,81656,93141,572
Gain on oil & gas derivative contracts    
Gain (loss) on sale or acquisition of assets 13 5,959
Selling, general and administrative expenses(6,105)(4,212)(14,917)(14,788)
Income (loss) from operations28,03214,61742,01432,743
Equity in earnings of investments4,9066,22116,44312,932
Net interest expense and other(9,200)2,041(8,675)(6,102)
Income (loss) before income taxes23,73822,87949,78239,573
Provision (benefit) for income taxes4,3096,234(95)2,584
Net income (loss), including noncontrolling interests19,42916,64549,87736,989
Net income (loss) applicable to Helix common shareholders19,42916,64549,87736,989
Consolidating Entries [Member]
    
Net revenues(23,717)(13,781)(70,617)(68,669)
Cost of sales(23,399)(13,414)(69,599)(54,613)
Gross profit (loss)(318)(367)(1,018)(14,056)
Gain on oil & gas derivative contracts    
Selling, general and administrative expenses3264191,1101,321
Income (loss) from operations85292(12,735)
Equity in earnings of investments(68,108)(35,438)(173,676)26,193
Income (loss) before income taxes(68,100)(35,386)(173,584)13,458
Provision (benefit) for income taxes31631(4,457)
Net income (loss), including noncontrolling interests(68,103)(35,402)(173,615)17,915
Less net income applicable to noncontrolling interests(800)(776)(2,354)(2,049)
Net income (loss) applicable to Helix common shareholders$ (68,903)$ (36,178)$ (175,969)$ 15,866