secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0000866829-23-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helix Q4 net income $2.7M; full-year net loss $87.8M; board authorizes $200M buyback
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- Q4 2022 net income $2.7M ($0.02 diluted EPS) vs Q3 loss $18.8M and Q4 2021 loss $25.9M.
- Full-year 2022 net loss $87.8M ($0.58 loss per share) vs 2021 loss $61.5M; revenue $873.1M.
- Q4 adjusted EBITDA $49.2M; full-year adjusted EBITDA $121.0M; free cash flow $17.6M in 2022.
- Board authorized $200M share repurchase program; management cites strong balance sheet and cash flow.
- Well Intervention vessel utilization improved to 97% in Q4; Robotics revenue down 14% QoQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000086682923000005/0000866829-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000086682923000005/hlx-20230221x8k.htm
  HTML page:      https://secwatch.observer/filing/0000866829-23-000005

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