S&P 500

Helmerich & Payne, Inc.

1437 S BOULDER AVE STE 1400

TULSA, OK, 74119-3623 United States

(918) 742-5531

www.hpinc.com

Company Type: Public Parent

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In the oil and gas industry, Helmerich & Payne (H&P) knows the drill: The contract driller operates around 350 land rigs in the US, 38 international land rigs, and nine offshore platform rigs, for industry giants such as Occidental Petroleum, Continental Resources, and YPF. Its US contract land drilling operations in 11 states accounts for the bulk of its revenues. It also drills offshore in California and the Gulf of Mexico, and has drilling units in South America, the Middle East, and Africa. H&P operates FlexRigs (drilling rigs equipped with new technologies, environmental and safety design). It also has real estate operations, including a shopping center and office buildings in Tulsa.

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Financial Statements

Income Statement
Cash Flow
Assets
Liabilities
Shareholders Equity

Cash Flow (mil)	2017	2016	2015
Cash at the beginning of the year	$905.561	$729.384	$360.909
Net Operating Cash	$357.217	$753.597	$1,428.574
Net Investing Cash	$-444.988	$-234.219	$-1,154.409
Net Financing Cash	$-296.415	$-343.201	$94.912
Capital Expenditure	$-397.567	$-257.169	$-1,131.445
Cash at end of the year	$521.375	$905.561	$729.384
Net Change in Cash	$-384.186	$176.177	$369.077

Assets (mil)	2017	2016	2015
Current Assets
Cash	$521.4	$905.6	$729.4
Net Receivables	$398.3	$287	$445.9
Inventories	$137.2	$124.3	$128.5
Other Income Assets	$8.3	$8.7	$10
Asset Summary
Total Current Assets	$1,235.3	$1,572.7	$1,439.2
Net Fixed Assets	$4,977.2	$5,122.6	$5,541
Other Noncurrent Assets	$17.2	$24	$40.5
Total Assets	$6,440	$6,832	$7,147.2

Liabilities (mil)	2017	2016	2015
Current Liabilities
Accounts Payable	$135.6	$95.4	$108.2
Short Term Debt	$	$	$39.1
Other Current Liabilities	$0.1	$0.1	$3.4
Liability Summary
Total Current Liabilities	$344.4	$330.1	$348.2
Long Term Debt	$492.9	$491.8	$492.4
Other Noncurrent Liabilities	$26.7	$16.6	$22.4
Total Liabilities	$2,275.4	$2,271.1	$2,251.4