For the quarter ending 2025-12-31, HP had $53,608K increase in cash & cash equivalents over the period. $114,864K in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net income (loss) | -94,931 | -55,807 | -104,141 |
| Depreciation and amortization | 181,919 | 188,857 | 436,228 |
| Asset impairment charges | 103,086 | 18,928 | 175,102 |
| Amortization of debt discount and debt issuance costs | 1,250 | 1,270 | 4,799 |
| Stock-based compensation | 9,287 | 8,757 | 22,837 |
| (gain) loss on investment securities | 929 | -36,461 | 14,084 |
| Gain on reimbursement of drilling equipment | 6,120 | 7,249 | 26,149 |
| Other loss on sale of assets | -1,926 | 595 | -2,136 |
| Deferred income tax | 7,182 | -14,012 | -64,649 |
| Other | 2,345 | -8,207 | -5,832 |
| Accounts receivable | -54,484 | 50,897 | -2,299 |
| Inventories of materials and supplies | 388 | 9,313 | 17,538 |
| Prepaid expenses and other | -14,160 | -98,314 | 56,792 |
| Other noncurrent assets | -3,383 | -3,151 | 14,610 |
| Accounts payable | -28,457 | -20,238 | -1,108 |
| Accrued liabilities | -53,270 | -1,723 | -72,884 |
| Other noncurrent liabilities | -7,808 | 2,839 | 58,722 |
| Net cash provided by operating activities | 182,429 | 206,950 | 336,000 |
| Proceeds from sale of long-term investments | - | 0 | 31,990 |
| Capital expenditures | 67,565 | 64,141 | 362,232 |
| Purchase of short-term investments | 18,019 | 5,379 | 111,678 |
| Purchase of long-term investments | 0 | 1,241 | 2,055 |
| Payment for acquisition of business, net of cash acquired | - | -2,780 | 1,838,852 |
| Proceeds from sale of short-term investments | 16,645 | 5,325 | 373,028 |
| Insurance proceeds from involuntary conversion | 0 | 0 | 2,366 |
| Proceeds from asset sales | 11,020 | 10,853 | 34,923 |
| Other | 374 | 1,029 | - |
| Net cash provided by (used in) investing activities | -58,293 | -52,832 | -1,872,510 |
| Dividends paid | 25,238 | 25,201 | 75,534 |
| Distributions to non-controlling interests | 7,000 | 0 | 15,380 |
| Proceeds from debt issuance | - | 0 | 400,000 |
| Debt issuance costs | 0 | 0 | 2,629 |
| Share repurchases | - | 0 | 0 |
| Payments for employee taxes on net settlement of equity awards | 5,835 | 77 | 10,759 |
| Payment of contingent consideration from acquisition of business | - | 0 | 0 |
| Payments on unsecured long-term debt | 30,000 | 127,000 | 73,000 |
| Other | -1,715 | -1,715 | -2,044 |
| Net cash used in financing activities | -69,788 | -153,993 | 220,654 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -740 | -1,351 | 14,322 |
| Net increase in cash, cash equivalents and restricted cash | 53,608 | -1,226 | -1,301,534 |
| Cash and cash equivalents at beginning of period | 225,900 | 1,528,660 | - |
| Cash and cash equivalents at end of period | 279,508 | 225,900 | - |
Helmerich & Payne, Inc. (HP)
Helmerich & Payne, Inc. (HP)