HORNBECK OFFSHORE SERVICES, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $30.8M | $55.6M | $-10.8M | $-87.8M | $-61.5M | $22.2M | $57.9M | $28.6M |
| Depreciation & Amortization | $187.4M | $173.3M | $164.1M | $142.7M | $141.5M | $133.7M | $112.7M | $110.5M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $6.6M | $7.3M | $6.5M | $7.5M | $7.7M | $8.6M | $11.5M | $9.9M |
| Net Cash from Operating Activities | $136.7M | $186.0M | $152.5M | $51.1M | $140.1M | $98.8M | $169.7M | $196.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $16.3M | $23.3M | $19.6M | $33.5M | $8.3M | $20.2M | $140.9M | $137.1M |
| Business Acquisitions | — | — | — | $112.6M | — | $0 | $4.1M | $0 |
| Net Cash from Investing Activities | $-16.3M | $-22.8M | $-18.7M | $-138.3M | $-8.3M | $-19.3M | $-142.4M | $-136.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | $29.6M | $12.0M | — | — | — | — | — |
| Net Cash from Financing Activities | $-45.1M | $-125.3M | $25.1M | $-44.8M | $-96.0M | $-52.6M | $-45.8M | $-46.2M |
| Net Change in Cash | $77.2M | $35.8M | $143.1M | $-138.0M | $35.8M | $28.8M | $-16.9M | $12.9M |
| Free Cash Flow | $120.4M | $162.7M | $132.9M | $17.6M | $131.8M | $78.6M | $28.8M | $59.7M |
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