XML 53 R68.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Guarantor And Non-Guarantor Financial Information (Schedule Of Condensed Consolidating Statements Of Operations) (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Net revenues $ 407,927 $ 291,607
Cost of sales 246,217 214,531
Gross profit 161,710 77,076
Loss on oil & gas derivative contracts (2,339)  
Gain (loss) on sale or acquisition of assets (1,478) 16
Selling, general and administrative expenses (25,696) (24,981)
Income (loss) from operations 132,197 52,111
Equity in earnings of investments 407 5,650
Net interest expense and other (38,801) (21,576)
Income before income taxes 93,803 36,185
Provision for income taxes 27,277 9,550
Net income, including noncontrolling interests 66,526 26,635
Less net income applicable to noncontrolling interests (789) (768)
Preferred stock dividends (10) (10)
Net income applicable to Helix common shareholders 65,727 25,857
Helix [Member]
   
Net revenues 20,022 15,582
Cost of sales 16,621 16,593
Gross profit 3,401 (1,011)
Gain (loss) on sale or acquisition of assets   16
Selling, general and administrative expenses (11,272) (11,186)
Income (loss) from operations (7,871) (12,181)
Equity in earnings of investments 93,250 48,107
Net interest expense and other (30,547) (17,284)
Income before income taxes 54,832 18,642
Provision for income taxes (10,874) (7,173)
Net income, including noncontrolling interests 65,706 25,815
Preferred stock dividends (10) (10)
Net income applicable to Helix common shareholders 65,696 25,805
Guarantors [Member]
   
Net revenues 285,688 242,042
Cost of sales 164,593 165,231
Gross profit 121,095 76,811
Loss on oil & gas derivative contracts (2,339)  
Gain (loss) on sale or acquisition of assets (1,478)  
Selling, general and administrative expenses (9,877) (10,036)
Income (loss) from operations 107,401 66,775
Equity in earnings of investments 2,625 (5,662)
Net interest expense and other (7,210) (4,709)
Income before income taxes 102,816 56,404
Provision for income taxes 34,881 21,741
Net income, including noncontrolling interests 67,935 34,663
Net income applicable to Helix common shareholders 67,935 34,663
Non-Guarantors [Member]
   
Net revenues 125,900 57,876
Cost of sales 88,445 56,278
Gross profit 37,455 1,598
Selling, general and administrative expenses (4,834) (4,154)
Income (loss) from operations 32,621 (2,556)
Equity in earnings of investments 407 5,650
Net interest expense and other (1,044) 417
Income before income taxes 31,984 3,511
Provision for income taxes 3,255 (5,041)
Net income, including noncontrolling interests 28,729 8,552
Net income applicable to Helix common shareholders 28,729 8,552
Consolidating Entries [Member]
   
Net revenues (23,683) (23,893)
Cost of sales (23,442) (23,571)
Gross profit (241) (322)
Selling, general and administrative expenses 287 395
Income (loss) from operations 46 73
Equity in earnings of investments (95,875) (42,445)
Income before income taxes (95,829) (42,372)
Provision for income taxes 15 23
Net income, including noncontrolling interests (95,844) (42,395)
Less net income applicable to noncontrolling interests (789) (768)
Net income applicable to Helix common shareholders $ (96,633) $ (43,163)