← Helmerich & Payne, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.6b | $1.8b | $2.5b | $2.8b | $1.8b | $1.2b | $2.0b | $2.9b | $2.7b | $3.7b | |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization | $1.5b | $1.2b | $1.7b | $1.8b | $1.2b | $952.6m | $1.4b | $1.7b | $1.6b | $2.5b | |
| Research and development | $10.3m | $12.0m | $18.2m | $27.5m | $21.6m | $21.7m | $26.6m | $30.0m | $41.0m | $34.1m | |
| Selling, general and administrative | $146.2m | $151.0m | $200.6m | $194.4m | $167.5m | $172.2m | $182.4m | $206.7m | $244.9m | $287.1m | |
| Operating expenses: | |||||||||||
| Drilling services operating expenses, excluding depreciation and amortization | — | $1.2b | $1.6b | $1.8b | $1.2b | $952.6m | $1.4b | $1.7b | $1.6b | $2.5b | |
| Other operating expenses | $6.1m | $6.7m | $26.2m | $5.4m | $5.8m | $5.1m | $4.6m | $4.5m | $4.5m | $56.0m | |
| Total operating costs and expenses | $1.7b | $2.0b | $2.5b | $2.8b | $2.4b | $1.6b | $2.0b | $2.3b | $2.3b | $3.7b | |
| Operating Income (Loss) | ($26.0m) | ($172.5m) | $31.6m | $20.6m | ($620.2m) | ($428.5m) | $45.3m | $561.9m | $451.9m | $3.3m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | — | $1.1m | $5.4m | $5.8m | $7.2m | $7.2m | $7.2m | $6.6m | $6.4m | $50.6m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($9.3m) | ($7.1m) | ($4.0m) | ($8.2m) | ($8.8m) | ($5.3m) | ($5.9m) | ($6.4m) | ($5.5m) | ($9.7m) | |
| Gain (Loss) on Investments | ($26.0m) | $0 | $1k | ($54.5m) | ($8.7m) | $6.7m | $57.9m | $11.3m | $14.0m | ($22.4m) | |
| Goodwill, Impairment Loss | — | $0 | $4.7m | — | $38.3m | — | $0 | $0 | $0 | $192.2m | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | ($49.6m) | ($173.2m) | $27.4m | ($45.1m) | ($458.4m) | ($412.6m) | ($14.4m) | $584.9m | $433.6m | $340.0m | |
| Income (Loss) from Continuing Operations, Per Basic Share | ($0) | ($1) | $4 | ($0) | ($5) | ($3) | $0 | — | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | ($0) | ($1) | $4 | ($0) | ($5) | ($3) | $0 | — | — | — | |
| Other Operating Income | ($26.0m) | ($172.5m) | $31.6m | $12.9m | $12.2m | $7.8m | $9.1m | $9.7m | $10.5m | $67.4m | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | $1.9m | $1.8m | $4.3m | $3.1m | $2.6m | $1.4m | $1.5m | $5.9m | $4.7m | $1.4m | |
| Drilling services | — | $1.8b | $2.5b | $2.8b | $1.8b | $1.2b | $2.0b | $2.9b | $2.7b | $3.7b | |
| Other | ($965k) | $1.8m | $486k | ($1.6m) | ($5.4m) | ($5.7m) | ($11.1m) | $9.1m | $3.1m | $27.2m | |
| Depreciation and amortization | $598.6m | $585.5m | $583.8m | $562.8m | $481.9m | $419.7m | $403.2m | $382.3m | $397.3m | $625.1m | |
| Asset impairment charges | $6.2m | $0 | $23.1m | $224.3m | $563.2m | $70.8m | $4.4m | $12.1m | $0 | $194.0m | |
| Restructuring charges | — | — | $0 | $0 | $16.0m | $5.9m | $838k | $0 | $0 | $12.1m | |
| Gain on reimbursement of drilling equipment | — | — | — | — | ($27.0m) | ($12.3m) | ($29.4m) | ($48.2m) | ($33.3m) | ($33.4m) | |
| Other loss on sale of assets | ($9.9m) | ($20.6m) | ($22.7m) | ($39.7m) | ($46.8m) | ($1.0m) | ($5.4m) | $8.0m | $5.1m | $1.5m | |
| Interest and dividend income | $3.2m | $5.9m | $8.0m | $9.5m | $7.3m | $10.3m | $18.1m | $28.4m | $41.2m | $35.2m | |
| Gain (loss) on investment securities | ($26.0m) | $0 | $1k | ($54.5m) | ($8.7m) | $6.7m | $57.9m | $11.3m | $14.0m | ($22.4m) | |
| Foreign currency exchange loss | — | — | — | — | — | — | — | ($6.4m) | ($5.5m) | ($9.7m) | |
| Income (loss) before income taxes | ($72.7m) | ($184.6m) | $15.8m | ($51.2m) | ($636.5m) | ($441.2m) | $30.9m | $593.4m | $481.0m | ($74.1m) | |
| Basic (in shares) | $108.0m | $108.5m | $108.9m | $109.2m | $108.0m | $107.8m | $105.9m | $102.4m | $98.9m | $99.3m | |
| Diluted (in shares) | $108.0m | $108.5m | $109.4m | $109.2m | $108.0m | $107.8m | $106.6m | $102.9m | $99.1m | $99.3m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($72.7m) | ($184.6m) | $15.8m | ($51.2m) | ($636.5m) | ($441.2m) | $30.9m | $593.4m | $481.0m | ($74.1m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($53.0m) | ($127.9m) | $493.0m | ($32.5m) | ($496.4m) | ($337.5m) | $6.6m | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($3.8m) | ($349k) | ($10.3m) | ($1.1m) | $1.9m | $11.3m | $401k | — | — | — | |
| Net income attributable to non-controlling interest | — | — | — | — | — | — | — | $0 | $0 | $3.7m | |
| Net Income (Loss) Attributable to Parent | ($56.8m) | ($128.2m) | $482.7m | ($33.7m) | ($494.5m) | ($326.1m) | $7.0m | $434.1m | $344.2m | ($163.7m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($58.7m) | ($130.0m) | $478.3m | ($36.8m) | ($497.1m) | ($327.5m) | $5.4m | $428.2m | $339.4m | ($165.1m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $3.7m | |
| Earnings Per Share, Basic | ($0.54) | ($1.20) | $4.39 | ($0.34) | ($4.60) | ($3.04) | $0.05 | $4.18 | $3.43 | ($1.66) | |
| Earnings Per Share, Diluted | ($0.54) | ($1.20) | $4.37 | ($0.34) | ($4.60) | ($3.04) | $0.05 | $4.16 | $3.43 | ($1.66) | |
| Common Stock, Dividends, Per Share, Declared | $2.77 | $2.80 | $2.82 | $2.84 | $1.92 | $1.00 | $1.00 | $1.00 | $0.25 | $0.25 | |
| Weighted Average Number of Shares Outstanding, Basic | 108.0m | 108.5m | 108.9m | 109.2m | 108.0m | 107.8m | 105.9m | 102.4m | 98.9m | 99.3m | |
| Weighted Average Number of Shares Outstanding, Diluted | 108.0m | 108.5m | 109.4m | 109.2m | 108.0m | 107.8m | 106.6m | 102.9m | 99.1m | 99.3m | |
| General and Administrative Expense | $146.2m | $151.0m | — | — | — | — | — | — | — | — | |
| Selling, General and Administrative Expense | $146.2m | $151.0m | $200.6m | $194.4m | $167.5m | $172.2m | $182.4m | $206.7m | $244.9m | $287.1m | |
| Operating Lease, Expense | — | — | — | — | $18.6m | $17.3m | $11.2m | $12.4m | — | — | |
| Other Nonoperating Income (Expense) | ($965k) | $1.8m | $486k | ($1.6m) | ($5.4m) | ($5.7m) | ($11.1m) | $9.1m | $3.1m | $27.2m | |
| Business Combination, Acquisition Related Costs | — | — | $8.2m | — | — | — | — | — | $15.0m | $54.7m | |
| Restructuring and Related Cost, Incurred Cost | — | — | — | — | — | — | — | — | — | $12.1m | |
| Restructuring Costs | — | — | $0 | $0 | $16.0m | $5.9m | $838k | $0 | $0 | $12.1m | |
| Acquisition transaction costs | — | — | — | — | — | — | $0 | $0 | $15.0m | $54.7m | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $29.1m | $107.8m | |
| Interest Expense | $22.9m | $19.7m | $24.3m | $25.2m | $24.5m | $24.0m | $19.2m | $17.3m | ($29.1m) | ($107.8m) | |
| Current Income Tax Expense (Benefit) | ($79.8m) | ($32.6m) | $9.6m | $25.8m | $17.4m | ($14.0m) | $52.9m | $179.7m | $160.0m | $164.5m | |
| Income tax expense | ($19.7m) | ($56.7m) | ($477.2m) | ($18.7m) | ($140.1m) | ($103.7m) | $24.4m | $159.3m | $136.9m | $85.8m | |
| Other Cost of Operating Revenue | $6.1m | $6.7m | $26.2m | $5.4m | $5.8m | $5.1m | $4.6m | $4.5m | $4.5m | $56.0m | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | ($1.6m) | ($913k) | ($2.0m) | ($3.0m) | ($3.4m) | ($9.0m) | $0 | $0 | — | |
| Total other income (expense) | ($46.7m) | ($12.1m) | ($15.8m) | ($71.8m) | ($16.3m) | ($12.6m) | ($14.4m) | $31.5m | $29.1m | ($77.4m) | |
| Income Tax Expense (Benefit) | ($19.7m) | ($56.7m) | ($477.2m) | ($18.7m) | ($140.1m) | ($103.7m) | $24.4m | $159.3m | $136.9m | $85.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.