Helix Energy Solutions Group Inc (HLX) Q1 2020 Earnings Call Transcript

Helix Energy Solutions Group Inc (HLX) Q1 2020 Earnings Call Transcript

Helix Energy Solutions Group Inc ( NYSE:HLX ) Q1 2020 Earnings Call Apr 23, 2020 , 10:00 a.m. ET. I would now like to turn the conference over to Erik Staffeldt, Executive Vice President and Chief Financial Officer.. Good morning everyone and thanks for joining us today on our conference call for our first quarter 2020 earnings release.. During the conference call, we anticipate making certain projections and forward-looking statements based on our current expectations.. , we commenced operations on the Q7000 in West Africa, a new vessel operating in a new region.. On to Slide 8, returning to our presentation, from a balance sheet perspective, our cash balance at the end of the quarter was $159 million with an additional $52 million in restricted cash associated with the short-term LC [Phonetic].. As expected, our cash flows were negatively impacted by the heavy load of vessel recertification costs during the quarter.. We have managed to keep the fleet active currently working in six countries on four continents and currently operational on 12 vessels; five well intervention vessels, six ROV support vessels and the HP1 with strong operational performance regarding safety and uptime.. Over to Slide 11, in the first quarter,