XML 91 R74.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 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net revenues $ 336,234 $ 372,496 $ 1,091,555 $ 1,002,422
Cost of sales 250,477 250,201 750,863 702,853
Gross profit 85,757 122,295 340,692 299,569
Hedge ineffectiveness and non-hedge gain on commodity derivative contracts (9,427)   (1,697)  
Loss on sale of assets, net (12,933)   (14,647) (6)
Selling, general and administrative expenses (28,022) (22,082) (78,289) (70,821)
Income (loss) from operations 35,375 100,213 246,059 228,742
Equity in earnings of investments 1,392 4,906 7,547 16,443
Net interest expense and other (16,125) (34,828) (75,245) (80,429)
Income before income taxes 20,642 70,291 178,361 164,756
Provision for income taxes 4,967 23,465 50,720 49,186
Net income, including noncontrolling interests 15,675 46,826 127,641 115,570
Less net income applicable to noncontrolling interests (800) (800) (2,378) (2,354)
Preferred stock dividends (10) (10) (30) (30)
Net income applicable to Helix common shareholders 14,865 46,016 125,233 113,186
Total comprehensive income (loss) applicable to Helix common shareholders (1,266) 81,492 109,294 159,764
Helix [Member]
       
Net revenues 20,024 19,986 60,009 56,113
Cost of sales 22,668 15,698 65,373 47,414
Gross profit (2,644) 4,288 (5,364) 8,699
Loss on sale of assets, net       (6)
Selling, general and administrative expenses (13,853) (6,752) (36,783) (27,512)
Income (loss) from operations (16,497) (2,464) (42,147) (18,819)
Equity in earnings of investments 20,289 60,831 177,985 167,867
Net interest expense and other (9,686) (17,612) (49,830) (53,139)
Income before income taxes (5,894) 40,755 86,008 95,909
Provision for income taxes (15,268) (5,266) (33,696) (17,229)
Net income, including noncontrolling interests 9,374 46,021 119,704 113,138
Preferred stock dividends (10) (10) (30) (30)
Net income applicable to Helix common shareholders 9,364 46,011 119,674 113,108
Total comprehensive income (loss) applicable to Helix common shareholders 9,196 46,467 119,180 114,026
Guarantors [Member]
       
Net revenues 219,661 266,447 760,229 756,344
Cost of sales 157,490 182,259 500,520 521,387
Gross profit 62,171 84,188 259,709 234,957
Hedge ineffectiveness and non-hedge gain on commodity derivative contracts (9,427)   (1,697)  
Loss on sale of assets, net (12,933)   (14,647)  
Selling, general and administrative expenses (8,426) (9,551) (27,222) (29,502)
Income (loss) from operations 31,385 74,637 216,143 205,455
Equity in earnings of investments 12,729 7,277 19,024 5,809
Net interest expense and other (6,927) (8,016) (21,211) (18,615)
Income before income taxes 37,187 73,898 213,956 192,649
Provision for income taxes 14,469 24,419 73,492 66,479
Net income, including noncontrolling interests 22,718 49,479 140,464 126,170
Net income applicable to Helix common shareholders 22,718 49,479 140,464 126,170
Total comprehensive income (loss) applicable to Helix common shareholders 2,850 82,911 119,800 169,543
Non-Guarantors [Member]
       
Net revenues 118,896 109,780 340,428 260,582
Cost of sales 92,211 75,643 253,165 203,651
Gross profit 26,685 34,137 87,263 56,931
Selling, general and administrative expenses (6,213) (6,105) (15,304) (14,917)
Income (loss) from operations 20,472 28,032 71,959 42,014
Equity in earnings of investments 1,392 4,906 7,547 16,443
Net interest expense and other 488 (9,200) (4,204) (8,675)
Income before income taxes 22,352 23,738 75,302 49,782
Provision for income taxes 5,751 4,309 10,878 (95)
Net income, including noncontrolling interests 16,601 19,429 64,424 49,877
Net income applicable to Helix common shareholders 16,601 19,429 64,424 49,877
Total comprehensive income (loss) applicable to Helix common shareholders 20,507 21,018 69,646 52,175
Consolidating Entries [Member]
       
Net revenues (22,347) (23,717) (69,111) (70,617)
Cost of sales (21,892) (23,399) (68,195) (69,599)
Gross profit (455) (318) (916) (1,018)
Selling, general and administrative expenses 470 326 1,020 1,110
Income (loss) from operations 15 8 104 92
Equity in earnings of investments (33,018) (68,108) (197,009) (173,676)
Income before income taxes (33,003) (68,100) (196,905) (173,584)
Provision for income taxes 15 3 46 31
Net income, including noncontrolling interests (33,018) (68,103) (196,951) (173,615)
Less net income applicable to noncontrolling interests (800) (800) (2,378) (2,354)
Net income applicable to Helix common shareholders (33,818) (68,903) (199,329) (175,969)
Total comprehensive income (loss) applicable to Helix common shareholders $ (33,819) $ (68,904) $ (199,332) $ (175,980)