| Address:
|
9 GREENWAY PLAZA,
SUITE 2200 |
| City: |
HOUSTON |
|
State: |
TX |
|
Zip Code: |
77046 |
| Telephone: |
713-979-9300 |
|
Description of Business
|
Primary SIC Code:
1381 |
| (As filed with the SEC)
|
|
|
In this Annual Report on Form 10-K, we refer to Hercules Offshore, Inc. and its
subsidiaries as "we," the "Company" or "Hercules Offshore," unless the context
clearly indicates otherwise. Hercules Offshore, Inc. is a Delaware corporation
formed in July 2004, with its principal executive offices located at 9 Greenway
Plaza, Suite 2200, Houston, Texas 77046. Hercules Offshore's telephone number at
such address is (713) 350-5100 and our Internet address is
www.herculesoffshore.com.
Overview
Hercules Offshore, Inc. is a leading provider of shallow-water drilling and
marine services to the oil and natural gas exploration and production industry
globally. We provide these services to national oil and gas companies, major
integrated energy companies and independent oil and natural gas operators. As of
February 16, 2011, we owned a fleet of 30 jackup rigs, 17 barge rigs, three
submersible rigs, one platform rig, a fleet of marine support vessels and 60
liftboat vessels. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | -1.09 | NA | N/E | | 06/2011 | -1.11 | NA | N/E | | 03/2011 | -1.15 | NA | N/E | | 12/2010 | -1.17 | NA | N/E | | 09/2010 | -0.68 | NA | N/E | | 06/2010 | -1.05 | NA | N/E | | 03/2010 | -1.02 | NA | N/E | | 12/2009 | -0.93 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.07 | Total Liab/Total Assets | 0.57 | | Net Inc/Total Assets | -0.07 | Total Liab/Inv Cap | 0.62 | | Net Inc/Inv Cap | -0.07 | Total Liab/Comm Equity | 0.61 | | Pretax Inc/Net Sales | -0.34 | Interest Coverage Ratio | -1.70 | | Net Inc/Net Sales | -0.20 | Curr Debt/Equity | 0.01 | | Cash Flow/Net Sales | 0.04 | LTD/Equity | 1.00 | | SG&A/NetSales | 0.74 | Total Debt/Equity | 1.01 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 4.26 | Quick Ratio | 2.24 | | Inventory Turnover | NA | Current Ratio | 2.24 | | Inventory Day Sales | NA | Net Rec/Curr Assets | 0.46 | | Net Sales/Work Cap | 3.61 | Inv/Curr Assets | NA | | Net Sales/PP&E | 0.40 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
162.99
|
163.33
|
166.25
|
197.41
|
|
Cost of Goods Sold
|
NA
|
NA
|
NA
|
NA
|
|
Selling & Admin Exps
|
122.13
|
124.96
|
125.40
|
138.10
|
|
Operating Income
|
-3.03
|
-3.52
|
-2.06
|
-116.62
|
|
Interest Exp
|
20.39
|
19.61
|
19.03
|
20.50
|
|
Pretax Income
|
-25.02
|
-24.61
|
-21.29
|
-136.39
|
|
Other Income
|
-1.56
|
-1.34
|
-0.14
|
0.74
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-16.99
|
-23.43
|
-14.22
|
-84.59
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
140.88
|
127.37
|
174.10
|
147.79
|
|
Receivables - Total
|
174.35
|
178.43
|
166.17
|
152.28
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
355.79
|
353.96
|
356.61
|
329.01
|
|
Net Property, Plant & Equipment
|
1,631.66
|
1,680.09
|
1,603.52
|
1,634.54
|
|
Total Assets
|
2,054.03
|
2,091.48
|
2,016.69
|
1,995.31
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
136.50
|
138.25
|
155.81
|
119.11
|
|
Debt in Current Liabilities
|
17.76
|
28.19
|
5.66
|
10.91
|
|
Total Current Liabilities
|
175.19
|
184.86
|
180.99
|
146.74
|
|
Long-Term Debt
|
838.01
|
839.26
|
854.26
|
853.17
|
|
Total Liabilities
|
1,125.38
|
1,147.00
|
1,177.66
|
1,142.18
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
1.40
|
1.40
|
1.17
|
1.16
|
|
Retained Earnings
|
-1,077.00
|
-1,060.01
|
-1,036.58
|
-1,022.36
|
|
Treasury Stock
|
-52.18
|
-52.17
|
-50.67
|
-50.33
|
|
Total Stockholders' Equity
|
928.65
|
944.48
|
839.04
|
853.13
|
|
Total Liabilities and Stockholders' Equity
|
2,054.03
|
2,091.48
|
2,016.69
|
1,995.31
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
20.49
|
-11.24
|
49.11
|
4.74
|
|
Net Cash Provided by Investing Activities
|
-8.63
|
-19.95
|
-20.98
|
-0.28
|
|
Net Cash Provided by Financing Activities
|
-2.36
|
-14.01
|
-1.83
|
-2.44
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 344.31 | 119.05 | 3.70 | | 12/2007 | 766.79 | 136.52 | 2.29 | | 12/2008 | 1,111.81 | -1,070.86 | -12.10 | | 12/2009 | 742.85 | -91.73 | -0.93 | | 12/2010 | 657.48 | -134.59 | -1.17 | | Growth Rates | 17.55 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 152 | 77,954 | 56.53 |
|
Report Date :
2/6/2012
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