Helmerich Historical Income Statement

HP Stock

USD 36.06 1.63 4.73%

Historical analysis of Helmerich income statement accounts such as Total Revenue of 1.4 B can show how well Helmerich and Payne performed in making a profits. Evaluating Helmerich income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Helmerich's future profits or losses.

Cash Flow Balance Sheet Income Statement

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Helmerich and Payne latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Helmerich and Payne is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Helmerich and Payne. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

About Helmerich Income Statement Analysis

Helmerich and Payne Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Helmerich shareholders. The income statement also shows Helmerich investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Helmerich Income Statement Chart

At this time, Helmerich's Net Income Applicable To Common Shares is relatively stable compared to the past year. As of 11/24/2024, Research Development is likely to grow to about 43 M, while Other Operating Expenses is likely to drop slightly above 1.2 B.

Total Revenue Other Operating Expenses Ebit Ebitda Cost Of Revenue Interest Income

Total Revenue

Total revenue comprises all receipts Helmerich and Payne generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Helmerich and Payne. It is also known as Helmerich overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Helmerich and Payne income statement and represents the costs associated with goods and services Helmerich provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Most accounts from Helmerich's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Helmerich and Payne current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Helmerich and Payne. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	1.8B	2.1B	4.5M	4.3M
EBITDA	425.8M	993.0M	849.3M	492.0M

Cost Of Revenue Ebitda

Helmerich income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Research Development	Net Income From Continuing Ops	Non Operating Income Net Other	Discontinued Operations	Non Recurring	Tax Provision	Interest Income	Extraordinary Items	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.3	0.54	-0.25	0.76	0.05	0.06	0.37	0.72	-0.28	-0.06	-0.19	0.0	-0.13	0.31	-0.48	-0.17	-0.09	0.68	0.13	-0.44	-0.24	0.25	-0.33	0.33
Interest Expense	0.3		-0.16	0.2	0.11	-0.52	-0.5	-0.37	-0.23	0.44	-0.5	-0.38	-0.41	-0.55	0.86	0.51	-0.5	-0.51	0.47	0.2	-0.52	0.27	0.19	0.53	-0.56
Total Revenue	0.54	-0.16		0.33	0.92	0.81	0.82	0.93	0.64	0.17	0.7	0.18	0.7	0.55	0.23	-0.12	0.55	0.31	0.61	-0.1	0.23	-0.01	0.05	-0.05	0.16
Gross Profit	-0.25	0.2	0.33		0.12	0.53	0.53	0.41	-0.47	0.8	0.61	0.31	0.56	0.46	0.45	0.67	0.55	0.12	0.22	-0.28	0.52	0.18	-0.16	0.62	-0.42
Other Operating Expenses	0.76	0.11	0.92	0.12		0.52	0.53	0.73	0.74	0.08	0.39	0.0	0.43	0.24	0.42	-0.15	0.25	0.14	0.75	0.02	-0.11	0.05	0.19	-0.05	0.1
Operating Income	0.05	-0.52	0.81	0.53	0.52		1.0	0.94	0.31	0.24	0.95	0.4	0.87	0.83	-0.11	-0.04	0.83	0.48	0.23	-0.25	0.66	-0.09	-0.18	-0.03	0.2
Ebit	0.06	-0.5	0.82	0.53	0.53	1.0		0.95	0.32	0.25	0.95	0.38	0.87	0.82	-0.09	-0.04	0.82	0.46	0.23	-0.24	0.66	-0.08	-0.17	-0.02	0.2
Ebitda	0.37	-0.37	0.93	0.41	0.73	0.94	0.95		0.52	0.15	0.86	0.3	0.81	0.72	0.01	-0.18	0.71	0.4	0.42	-0.18	0.47	-0.15	-0.08	-0.12	0.29
Cost Of Revenue	0.72	-0.23	0.64	-0.47	0.74	0.31	0.32	0.52		-0.46	0.17	-0.09	0.2	0.1	-0.05	-0.62	0.07	0.18	0.46	0.14	-0.23	-0.18	0.2	-0.5	0.48
Total Operating Expenses	-0.28	0.44	0.17	0.8	0.08	0.24	0.25	0.15	-0.46		0.31	0.15	0.31	0.18	0.63	0.77	0.27	-0.2	0.29	-0.22	0.26	0.34	-0.09	0.83	-0.68
Income Before Tax	-0.06	-0.5	0.7	0.61	0.39	0.95	0.95	0.86	0.17	0.31		0.64	0.94	0.82	-0.08	0.03	0.92	0.52	0.17	-0.5	0.7	-0.09	-0.14	0.09	0.14
Total Other Income Expense Net	-0.19	-0.38	0.18	0.31	0.0	0.4	0.38	0.3	-0.09	0.15	0.64		0.67	0.41	-0.13	-0.05	0.69	0.45	-0.06	-0.94	0.4	-0.14	0.05	0.16	0.05
Net Income	0.0	-0.41	0.7	0.56	0.43	0.87	0.87	0.81	0.2	0.31	0.94	0.67		0.58	0.0	0.02	0.98	0.48	0.14	-0.56	0.45	-0.13	0.2	0.09	0.18
Income Tax Expense	-0.13	-0.55	0.55	0.46	0.24	0.83	0.82	0.72	0.1	0.18	0.82	0.41	0.58		-0.24	-0.02	0.56	0.46	0.16	-0.26	0.91	0.0	-0.66	0.02	0.06
Selling General Administrative	0.31	0.86	0.23	0.45	0.42	-0.11	-0.09	0.01	-0.05	0.63	-0.08	-0.13	0.0	-0.24		0.63	-0.13	-0.25	0.66	0.02	-0.31	0.41	0.19	0.71	-0.67
Research Development	-0.48	0.51	-0.12	0.67	-0.15	-0.04	-0.04	-0.18	-0.62	0.77	0.03	-0.05	0.02	-0.02	0.63		0.06	-0.22	0.01	-0.03	0.18	0.56	-0.12	0.88	-0.83
Net Income From Continuing Ops	-0.17	-0.5	0.55	0.55	0.25	0.83	0.82	0.71	0.07	0.27	0.92	0.69	0.98	0.56	-0.13	0.06		0.47	-0.08	-0.59	0.51	-0.15	0.18	0.08	0.2
Non Operating Income Net Other	-0.09	-0.51	0.31	0.12	0.14	0.48	0.46	0.4	0.18	-0.2	0.52	0.45	0.48	0.46	-0.25	-0.22	0.47		0.1	-0.13	0.3	-0.09	-0.03	-0.18	0.18
Discontinued Operations	0.68	0.47	0.61	0.22	0.75	0.23	0.23	0.42	0.46	0.29	0.17	-0.06	0.14	0.16	0.66	0.01	-0.08	0.1		0.08	-0.15	0.13	-0.02	0.17	-0.23
Non Recurring	0.13	0.2	-0.1	-0.28	0.02	-0.25	-0.24	-0.18	0.14	-0.22	-0.5	-0.94	-0.56	-0.26	0.02	-0.03	-0.59	-0.13	0.08		-0.3	0.07	-0.1	-0.25	0.02
Tax Provision	-0.44	-0.52	0.23	0.52	-0.11	0.66	0.66	0.47	-0.23	0.26	0.7	0.4	0.45	0.91	-0.31	0.18	0.51	0.3	-0.15	-0.3		0.05	-0.73	0.16	-0.05
Interest Income	-0.24	0.27	-0.01	0.18	0.05	-0.09	-0.08	-0.15	-0.18	0.34	-0.09	-0.14	-0.13	0.0	0.41	0.56	-0.15	-0.09	0.13	0.07	0.05		-0.16	0.63	-0.74
Extraordinary Items	0.25	0.19	0.05	-0.16	0.19	-0.18	-0.17	-0.08	0.2	-0.09	-0.14	0.05	0.2	-0.66	0.19	-0.12	0.18	-0.03	-0.02	-0.1	-0.73	-0.16		-0.12	0.2
Net Interest Income	-0.33	0.53	-0.05	0.62	-0.05	-0.03	-0.02	-0.12	-0.5	0.83	0.09	0.16	0.09	0.02	0.71	0.88	0.08	-0.18	0.17	-0.25	0.16	0.63	-0.12		-0.89
Reconciled Depreciation	0.33	-0.56	0.16	-0.42	0.1	0.2	0.2	0.29	0.48	-0.68	0.14	0.05	0.18	0.06	-0.67	-0.83	0.2	0.18	-0.23	0.02	-0.05	-0.74	0.2	-0.89

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Helmerich Account Relationship Matchups

Helmerich income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	480.4M	419.7M	403.2M	382.3M	397.3M	248.3M
Interest Expense	24.5M	24.0M	19.2M	17.3M	29.1M	30.5M
Total Revenue	1.8B	1.2B	2.1B	2.9B	2.8B	1.4B
Gross Profit	101.5M	(158.9M)	224.5M	775.0M	2.8B	2.9B
Other Operating Expenses	1.9B	1.6B	2.0B	2.3B	2.3B	1.2B
Operating Income	(85.8M)	(348.2M)	22.6M	561.9M	451.9M	253.7M
Ebit	(84.3M)	(417.2M)	22.6M	610.7M	451.9M	243.7M
Ebitda	396.1M	2.5M	425.8M	993.0M	849.3M	492.0M
Cost Of Revenue	1.7B	1.4B	1.8B	2.1B	4.5M	4.3M
Total Operating Expenses	189.2M	193.9M	208.9M	595.4M	674.5M	708.2M
Income Before Tax	(636.5M)	(441.2M)	30.9M	593.4M	481.0M	505.1M
Total Other Income Expense Net	(550.7M)	(12.6M)	(14.4M)	31.5M	29.1M	30.6M
Net Income	(496.4M)	(337.5M)	5.4M	434.1M	344.2M	361.4M
Income Tax Expense	(140.1M)	(103.7M)	24.4M	159.3M	136.9M	74.5M
Selling General Administrative	167.5M	172.2M	182.4M	206.7M	237.7M	249.5M
Net Income Applicable To Common Shares	(494.5M)	(326.2M)	5.4M	434.1M	390.7M	410.2M
Net Income From Continuing Ops	(496.4M)	(337.5M)	6.6M	434.1M	390.7M	410.2M
Non Operating Income Net Other	(46.6M)	8.2M	11.3M	4.8M	4.3M	4.1M
Discontinued Operations	(1.1M)	1.9M	11.3M	401K	461.2K	484.2K
Non Recurring	224.3M	579.3M	76.8M	5.2M	6.0M	5.7M
Tax Provision	(140.1M)	(103.7M)	24.4M	159.3M	183.2M	192.3M
Interest Income	25.9M	10.3M	56.8M	28.4M	32.7M	19.2M
Extraordinary Items	(1.1M)	1.9M	11.3M	401K	360.9K	342.9K
Net Interest Income	(17.2M)	(13.7M)	(1.1M)	11.1M	12.8M	13.4M
Reconciled Depreciation	481.9M	419.7M	403.2M	382.3M	344.1M	390.8M

Pair Trading with Helmerich

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Helmerich position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Helmerich will appreciate offsetting losses from the drop in the long position's value.

Moving together with Helmerich Stock

0.85

NBR

Nabors Industries

Pair Corr

Moving against Helmerich Stock

0.54	EC	Ecopetrol SA ADR	Pair Corr
0.48	BORR	Borr Drilling	Pair Corr
0.37	ICDI	Independence Contract	Pair Corr
0.37	DINO	HF Sinclair Corp	Pair Corr
0.34	BP	BP PLC ADR	Pair Corr

The ability to find closely correlated positions to Helmerich could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Helmerich when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Helmerich - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Helmerich and Payne to buy it.

The correlation of Helmerich is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Helmerich moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Helmerich and Payne moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Helmerich can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Helmerich Stock Analysis

When running Helmerich's price analysis, check to measure Helmerich's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Helmerich is operating at the current time. Most of Helmerich's value examination focuses on studying past and present price action to predict the probability of Helmerich's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Helmerich's price. Additionally, you may evaluate how the addition of Helmerich to your portfolios can decrease your overall portfolio volatility.

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Helmerich Historical Income Statement

About Helmerich Income Statement Analysis

Helmerich Income Statement Chart

Total Revenue

Other Operating Expenses

Cost Of Revenue

Interest Income

Helmerich income statement Correlations

Helmerich Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Helmerich income statement Accounts

Pair Trading with Helmerich

Moving together with Helmerich Stock

Moving against Helmerich Stock

Additional Tools for Helmerich Stock Analysis

COMMON DESTINATIONS

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COMPANY

Ebit	+ 1.0	Operating Income
Net Income From Continuing Ops	+ 0.98	Net Income
Income Before Tax	+ 0.95	Operating Income
Ebitda	+ 0.95	Ebit
Income Before Tax	+ 0.95	Ebit
Ebitda	+ 0.94	Operating Income

Non Recurring	- 0.94	Total Other Income Expense Net
Reconciled Depreciation	- 0.89	Net Interest Income
Reconciled Depreciation	- 0.83	Research Development
Reconciled Depreciation	- 0.74	Interest Income
Extraordinary Items	- 0.73	Tax Provision
Reconciled Depreciation	- 0.68	Total Operating Expenses