Company: HLX
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0000866829-25-000024
Chunk: 1

Company: HELIX ENERGY SOLUTIONS GROUP INC
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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Item 1. Financial Statements

HELIX ENERGY SOLUTIONS GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

​

​​​​​​​​​September 30, ​December 31, ​    2025    2024ASSETS ​   ​  Current assets: ​   ​  Cash and cash equivalents​$ 338,033​$ 368,030Accounts receivable, net of allowance for credit losses of $3,954 and $3,682, respectively​  359,607​  258,630Other current assets​  100,600​  83,022Total current assets​  798,240​  709,682Property and equipment​  3,173,123​  3,068,755Less accumulated depreciation​  (1,765,891)​  (1,630,902)Property and equipment, net​  1,407,232​  1,437,853Operating lease right-of-use assets​  297,021​  329,649Deferred recertification and dry dock costs, net​​ 81,869​​ 71,718Other assets, net​  47,525​  48,178Total assets​$ 2,631,887​$ 2,597,080​​​​​​​LIABILITIES AND SHAREHOLDERS' EQUITY​   ​   Current liabilities:​   ​   Accounts payable​$ 147,402​$ 144,793Accrued liabilities​  99,248​  90,455Current maturities of long-term debt​  9,644​  9,186Current operating lease liabilities​  57,826​  59,982Total current liabilities​  314,120​  304,416Long-term debt​  297,828​  305,971Operating lease liabilities​  257,159​  285,984Deferred tax liabilities​  117,821​  113,973Other non-current liabilities​  70,084​  66,971Total liabilities​  1,057,012​  1,077,315Commitments and contingencies​​​​​​Shareholders’ equity:​   ​   Common stock, no par,