Company research
Hercules Sub LLC
CIK 1131227Updated Sep 24, 2026
Name history
HORNBECK OFFSHORE SERVICES INC /LA · through Jan 13, 2026HORNBECK LEEVAC MARINE SERVICES INC · through May 15, 2002
Filing activity
Latest filing
50 filings on record · RW, S-1/A, S-1, DRS/A, DRS, 15-12B.
About the company
Hornbeck is a leading provider of marine transportation services supporting a range of diversified offshore end-markets including oilfield specialty services and drilling support, military support services, renewable energy development and other non-oilfield service offerings, such as HADR and aerospace support services. We own a fleet of 74 offshore vessels comprised of 15 MPSVs, two of which are under construction, and 59 OSVs. In addition, we provide ongoing operation and maintenance of four highly specialized OSVs (which we previously developed, constructed, and sold to the U.S. Navy) via a long-term O&M contract. Since our founding nearly 30 years ago, we have focused on providing innovative, technologically advanced marine solutions to meet the evolving needs of our customers across our core geographic regions spanning the United States and Latin America. Our team brings substantial industry expertise built through decades of maritime-related experience and has leveraged that knowledge to amass what we believe is one of the largest, most capable and highest specification fleets of OSVs and MPSVs in the offshore vessel industry.
Recent filings
Show 5 more recent filings
Financials
FY 2019 · USDSource
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balance sheet · annual statements
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 2,668,887,000Source | 2,764,637,000Source | 2,768,878,000Source | 2,878,275,000Source |
| Property, Plant and Equipment, NetUSD | 2,342,763,000Source | 2,434,829,000Source | 2,501,013,000Source | 2,578,388,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 121,490,000Source | 224,936,000Source | 186,849,000Source | 217,027,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 66,995,000Source | 54,924,000Source | 44,702,000Source | 36,550,000Source |
| Assets, CurrentUSD | 208,995,000Source | 299,628,000Source | 248,441,000Source | 270,555,000Source |
| Operating Lease, Right-of-Use AssetUSD | 23,492,000Source | — | — | — |
| Other Assets, NoncurrentUSD | 5,586,000Source | 7,655,000Source | 6,612,000Source | 10,255,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,496,442,000Source | 1,456,711,000Source | 1,330,954,000Source | 1,475,279,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 381,000Source | 377,000Source | 371,000Source | 365,000Source |
| Additional Paid in CapitalUSD | 766,779,000Source | 761,834,000Source | 760,278,000Source | 754,394,000Source |
| Retained Earnings (Accumulated Deficit)USD | 408,789,000Source | 549,475,000Source | 668,598,000Source | 637,992,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -3,504,000Source | -3,760,000Source | 8,677,000Source | 10,245,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,172,445,000Source | 1,307,926,000Source | 1,437,924,000Source | 1,402,996,000Source |
| Liabilities and EquityUSD | 2,668,887,000Source | 2,764,637,000Source | 2,768,878,000Source | 2,878,275,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,337,484,000Source | 161,242,000Source | 48,862,000Source | 45,143,000Source |
| Operating Lease, Liability, CurrentUSD | 2,953,000Source | — | — | — |
| Accounts Payable, CurrentUSD | 30,093,000Source | 26,826,000Source | 16,196,000Source | 11,774,000Source |
| Operating Lease, Liability, NoncurrentUSD | 24,219,000Source | — | — | — |
| Deferred Income Tax Liabilities, NetUSD | 132,526,000Source | 169,122,000Source | — | — |
| Other Liabilities, NoncurrentUSD | 2,213,000Source | 2,722,000Source | 3,801,000Source | 3,406,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 132,526,000Source | 169,122,000Source | 197,465,000Source | 343,020,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 1,080,826,000Source | 1,083,710,000Source |
| Long-term Debt, Current MaturitiesUSD | 1,263,890,000Source | 96,311,000Source | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 0Source | 1,123,625,000Source | 1,080,826,000Source | 1,083,710,000Source |
cash flow · annual statements
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -138,814,000Source | -119,123,000Source | 27,421,000Source | -63,846,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,590,000Source | 3,692,000Source | 6,999,000Source | 9,983,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 15,410,000Source | 10,285,000Source | 8,525,000Source | -58,322,000Source |
| Increase (Decrease) in Accounts PayableUSD | 6,544,000Source | 4,621,000Source | 9,405,000Source | -10,901,000Source |
| Deferred Income Tax Expense (Benefit)USD | -36,127,000Source | -25,042,000Source | -141,525,000Source | -43,051,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -87,986,000Source | — | — | — |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -7,551,000Source | -52,524,000Source | -21,300,000Source | -97,011,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | 7,915,000Source | 1,687,000Source | 20,689,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 0Source | 536,000Source | 575,000Source | — |
| Payments for Repurchase of Common StockUSD | — | — | — | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 44,327,000Source | 133,805,000Source | 6,226,000Source | 198,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -51,310,000Source | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 173,626,000Source | — | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 82,415,000Source | — | — | — |
| Income Taxes Paid, NetUSD | -3,589,000Source | 942,000Source | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 3,590,000Source | 3,692,000Source | 6,999,000Source | 9,983,000Source |
| Amortization of Deferred ChargesUSD | 15,974,000Source | 9,741,000Source | 13,168,000Source | 20,485,000Source |
| Amortization of Debt Issuance CostsUSD | 6,016,000Source | 4,421,000Source | 8,119,000Source | 11,371,000Source |
| DepreciationUSD | 98,339,000Source | 98,927,000Source | 98,733,000Source | 93,071,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 62,000Source | 59,000Source | -121,000Source | 54,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -71,000Source | 0Source | 15,478,000Source | — |
| General and Administrative ExpenseUSD | 53,880,000Source | 43,530,000Source | 47,597,000Source | 43,358,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | -63,846,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | -36,993,000Source | -29,621,000Source | -150,244,000Source | -45,506,000Source |
| Investment Income, InterestUSD | 4,488,000Source | 2,228,000Source | 2,203,000Source | 1,490,000Source |
| Net Income (Loss) Attributable to ParentUSD | -138,814,000Source | -119,123,000Source | 27,421,000Source | -63,846,000Source |
| Nonoperating Income (Expense)USD | -68,708,000Source | -61,367,000Source | -34,079,000Source | -45,133,000Source |
| Operating Costs and ExpensesUSD | 164,630,000Source | 147,642,000Source | 120,537,000Source | 131,658,000Source |
| Operating Lease, ExpenseUSD | 4,200,000Source | — | — | — |
| Other Nonoperating Income (Expense)USD | 10,255,000Source | -29,000Source | -396,000Source | 2,052,000Source |
| Payments of Financing CostsUSD | 11,891,000Source | 0Source | 5,636,000Source | 1,102,000Source |
| Proceeds from Stock Options ExercisedUSD | 0Source | — | 0Source | 0Source |
income statement · annual statements
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Total RevenueUSD | 225,662,000Source | 212,404,000Source | 191,412,000Source | — |
| Operating Income (Loss)USD | -107,099,000Source | -87,377,000Source | -88,744,000Source | -64,219,000Source |
| Other Nonoperating Income (Expense)USD | 10,255,000Source | -29,000Source | -396,000Source | 2,052,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -175,807,000Source | -148,744,000Source | -122,823,000Source | -109,352,000Source |
| Income Tax Expense (Benefit)USD | -36,993,000Source | -29,621,000Source | -150,244,000Source | -45,506,000Source |
| Net Income (Loss) Attributable to ParentUSD | -138,814,000Source | -119,123,000Source | 27,421,000Source | -63,846,000Source |
| Earnings Per Share, BasicUSD per share | -3.66Source | -3.18Source | 0.74Source | -1.76Source |
| Earnings Per Share, DilutedUSD per share | -3.66Source | -3.18Source | 0.73Source | -1.76Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 37,914,000Source | 37,508,000Source | 36,858,000Source | 36,248,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 37,914,000Source | 37,508,000Source | 37,664,000Source | 36,248,000Source |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | 332,823,000Source | 299,840,000Source | 280,035,000Source | 288,572,000Source |
| Current Income Tax Expense (Benefit)USD | -866,000Source | -4,579,000Source | -8,719,000Source | 452,000Source |
| General and Administrative ExpenseUSD | 53,880,000Source | 43,530,000Source | 47,597,000Source | 43,358,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | -63,846,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -135,310,000Source | -124,879,000Source | -105,692,000Source | -93,704,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | — | -1.76Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | — | -1.76Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | — | 0Source |
| Interest ExpenseUSD | 83,380,000Source | 63,566,000Source | 51,364,000Source | 48,675,000Source |
| Investment Income, InterestUSD | 4,488,000Source | 2,228,000Source | 2,203,000Source | 1,490,000Source |
| Nonoperating Income (Expense)USD | -68,708,000Source | -61,367,000Source | -34,079,000Source | -45,133,000Source |
| Operating Costs and ExpensesUSD | 164,630,000Source | 147,642,000Source | 120,537,000Source | 131,658,000Source |
| Operating Lease, ExpenseUSD | 4,200,000Source | — | — | — |
| Sales Revenue, Services, Net (Deprecated 2018-01-31)USD | — | — | 158,466,000Source | 190,436,000Source |