Helix Energy Solutions Group, Inc. (HLX)

HLX Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	39.67	30.83	55.64	-10.84	-87.78	-61.54
Depreciation & Amortization	134.57	134.54	137.2	138.42	128.73	126.91
Other Amortization	56.78	55.15	38.44	28.2	16.3	17.78
Loss (Gain) From Sale of Assets	-	-	0.48	-0.37	-	0.63
Asset Writedown & Restructuring Costs	18.06	18.06	-	-	-	-
Loss (Gain) on Equity Investments	-	-	-	-	-8.26	0
Stock-Based Compensation	6.07	6.57	7.27	6.51	7.45	7.69
Other Operating Activities	-40.35	-59.69	-61.54	36.84	6.96	-12.96
Change in Accounts Receivable	71.98	-37.51	13.74	-64.52	-29.87	-14.15
Change in Accounts Payable	-49.47	-18.43	-9.16	32	9.81	46.65
Change in Income Taxes	0.9	-9.51	1.92	-0.42	-0.05	18.61
Change in Other Net Operating Assets	1.13	16.75	2.04	-13.37	7.83	10.5
Operating Cash Flow	253.12	136.75	186.03	152.46	51.11	140.12
Operating Cash Flow Growth	90.29%	-26.49%	22.02%	198.30%	-63.52%	41.82%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-17.75	-16.34	-23.3	-19.59	-33.5	-8.32
Sale of Property, Plant & Equipment	-	-	0.1	0.37	-	0.05
Cash Acquisitions	-	-	-	-	-112.63	-
Investment in Securities	-	-	-	-	7.84	-
Other Investing Activities	104.59	-	0.36	0.56	-	-
Investing Cash Flow	86.84	-16.34	-22.84	-18.66	-138.29	-8.27

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	-	-	298.58	-	-
Long-Term Debt Repaid	-	-9.19	-69.47	-269.48	-42.94	-90.96
Net Debt Issued (Repaid)	-9.41	-9.19	-69.47	29.1	-42.94	-90.96
Issuance of Common Stock	1.47	1.75	1.86	0.98	0.58	0.65
Repurchase of Common Stock	-0.36	-37.62	-33.85	-13.75	-1.9	-2
Other Financing Activities	-	-	-23.85	8.77	-0.58	-3.69
Financing Cash Flow	-8.3	-45.06	-125.31	25.11	-44.84	-96

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	0.84	1.82	-2.04	-15.83	-5.99	-0.04
Net Cash Flow	332.49	77.17	35.84	143.08	-138.02	35.81

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	235.37	120.41	162.73	132.87	17.6	131.8
Free Cash Flow Growth	116.48%	-26.01%	22.47%	654.77%	-86.64%	67.77%
Free Cash Flow Margin	17.45%	9.32%	11.98%	10.30%	2.02%	19.53%
Free Cash Flow Per Share	1.60	0.81	1.05	0.88	0.12	0.88
Levered Free Cash Flow	296.18	169.58	146.78	249.94	124.78	100.47
Unlevered Free Cash Flow	314.42	187.89	165.62	260.79	135.05	111.97

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	30.81	30.84	25.45	20.98	18.27	20.72
Cash Income Tax Paid	23.79	30.75	14.12	7.39	9.52	-10.59
Change in Working Capital	24.53	-48.71	8.54	-46.31	-12.28	61.6

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 17, 2026

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