Helmerich Payne Inc
For the period ended Sep 30, 2024. Filed Nov 13, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Nov 13, 2024
HP$35.70+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations for the Years Ended and
| HELMERICH & PAYNE, INC. | |||
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF OPERATIONS | |||
| Year Ended September 30, | |||
| (in thousands, except per share amounts) | 2024 | 2023 | 2022 |
| OPERATING REVENUES | |||
| Drilling services | $2,746,128 | $2,862,677 | $2,049,841 |
| Other | 10,479 | 9,744 | 9,103 |
| 2,756,607 | 2,872,421 | 2,058,944 | |
| OPERATING COSTS AND EXPENSES | |||
| Drilling services operating expenses, excluding depreciation and amortization | 1,630,225 | 1,715,098 | 1,426,589 |
| Other operating expenses | 4,483 | 4,477 | 4,638 |
| Depreciation and amortization | 397,344 | 382,314 | 403,170 |
| Research and development | 40,967 | 30,046 | 26,563 |
| Selling, general and administrative | 244,877 | 206,657 | 182,366 |
| Asset impairment charges | — | 12,097 | 4,363 |
| Restructuring charges | — | — | 838 |
| Acquisition transaction costs | 14,982 | — | — |
| Gain on reimbursement of drilling equipment | (33,309) | (48,173) | (29,443) |
| Other (gain) loss on sale of assets | 5,139 | 8,016 | (5,432) |
| 2,304,708 | 2,310,532 | 2,013,652 | |
| OPERATING INCOME | 451,899 | 561,889 | 45,292 |
| Other income (expense) | |||
| Interest and dividend income | 41,168 | 28,393 | 18,090 |
| Interest expense | (29,093) | (17,283) | (19,203) |
| Gain on investment securities | 13,953 | 11,299 | 57,937 |
| Loss on extinguishment of debt | — | — | (60,083) |
| Other | 3,093 | 9,081 | (10,714) |
| 29,121 | 31,490 | (13,973) | |
| Income before income taxes | 481,020 | 593,379 | 31,319 |
| Income tax expense | 136,855 | 159,279 | 24,366 |
| NET INCOME | $344,165 | $434,100 | $6,953 |
| Basic earnings per common share | $3.43 | $4.18 | $0.05 |
| Diluted earnings per common share | $3.43 | $4.16 | $0.05 |
| Weighted average shares outstanding: | |||
| Basic | 98,857 | 102,447 | 105,891 |
| Diluted | 99,067 | 102,852 | 106,555 |
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