HERCULES OFFSHORE, INC. - FORM 8-K - EX-99.2

Attached files

file	filename
EX-99.3 - EX-99.3 - HERCULES OFFSHORE, INC.	d242023dex993.htm
EX-99.1 - EX-99.1 - HERCULES OFFSHORE, INC.	d242023dex991.htm
EX-2.2 - EX-2.2 - HERCULES OFFSHORE, INC.	d242023dex22.htm
EX-2.1 - EX-2.1 - HERCULES OFFSHORE, INC.	d242023dex21.htm
8-K - 8-K - HERCULES OFFSHORE, INC.	d242023d8k.htm

Exhibit 99.2

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 1 of 39

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
		Reporting Period:	AUG. 1 - AUG. 31, 2016

MONTHLY OPERATING REPORT

File with Court and submit copy to United States Trustee within 20 days after end of month.


REQUIRED DOCUMENTS	Form No.	Document Attached	Explanation Attached
Schedule of Cash Receipts and Disbursements	MOR-1	Yes
Bank Reconciliation (or copies of debtor’s bank reconciliations)	MOR-1 (CON’T)	Yes
Schedule of Professional Fees Paid	MOR-lb	Yes
Copies of bank statements		No	Note 1
Cash disbursements journals		No	Note 1
Statement of Operations	MOR-2	Yes
Balance Sheet	MOR-3	Yes
Status of Post-petition Taxes		No	Note 2
Copies of IRS Form 6123 or payment receipt		No	Note 1
Copies of tax returns filed during reporting period		No	Note 1
Summary of Unpaid Post-petition Debts	MOR-4	Yes
Listing of Aged Accounts Payable	MOR-4	Yes
Accounts Receivable Reconciliation and Aging	MOR-5	Yes
Debtor Questionnaire	MOR-5	Yes

(1)	Due to the system constraints and/or the volume of the records, no attachment is provided, but is available to the UST upon request.

(2)	The Company is current on all tax payments.

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.




Signature of Debtor				Date


Signature of Joint Debtor				Date

/s/ Troy Carson				9/20/16
Signature of Authorized Individual*				Date

/s/ Troy Carson				CFO
Printed Name of Authorized Individual				Title of Authorized Individual

*	Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 2 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-1: SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

HERCULES OFFSHORE, INC., ET AL. DEBTOR


	Current Month						Cumulative Filing to Date
	Actual			Projected¹			Actual			Projected¹
Beginning Cash	$	152,435,848		$	144,270,569		$	207,705,799		$	208,311,591
RECEIPTS

Total Receipts		3,591,600			2,977,816			10,590,471			9,449,131

DISBURSEMENTS
Personnel Costs		4,665,333			5,974,792			16,152,406			18,640,620
Premises Rents		196,345			282,800			595,191			756,100
Insurance		35,000			—			5,261,698			3,384,112
Taxes		245,259			97,260			254,001			240,414
Utilities		88,527			129,556			310,626			343,529
Vendors and Others		639,849			3,378,765			2,821,618			9,946,706
Ordinary Course Professional Fees		167,358			334,100			394,088			668,200
Restructuring Professional Fees²		2,170,789			855,000			3,609,065			1,760,000
U.S. Trustee Quarterly Fees		—			—			88,575			—
Adequate Protection Debt and Assurance		3,280,542			3,107,490			48,956,341			48,932,421

Total Disbursements		11,489,001			14,159,764			78,443,609			84,672,101

CASH INTERNAL TRANSFER

Total Internal Transfer		872,411			—			5,558,198			—


Net Cash Flow		(7,024,990	)		(11,181,948	)		(62,294,941	)		(75,222,970	)

Ending Cash³	$	145,410,858		$	133,088,621		$	145,410,858		$	133,088,621


DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES⁴
Hercules Offshore, Inc.	$	11,518,969
Cliffs Drilling Company		655,146
Cliffs Drilling Trinidad L.L.C.		—
FDT LLC		—
FDT Holdings LLC		—
Hercules Drilling Company, LLC		2,582,951
Hercules Offshore Services LLC		3,714,162
Hercules Offshore Liftboat Company LLC		—
HERO Holdings, Inc.		8,028
SD Drilling LLC		5,769,878
THE Offshore Drilling Company		3,617,375
THE Onshore Drilling Company		—
TODCO Americas Inc.		79,553
TODCO International Inc.		—

TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES	$	27,946,063

(1)	Projected amounts are based on the forecasted weekly activity for the week ending 8/6 through the week ending 9/3.

(2)	Restructuring professional fees include estate professional fees and lender professional fees.

(3)	Ending Cash balance excludes petty cash and collateral accounts.

(4)	A majority of disbursements are made from centralized payroll and accounts payable bank accounts. Pro-rated amounts were allocated to the debtor entities based on percentage of expenses over the period.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 3 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-1a: BANK RECONCILIATIONS


Legal Entity¹	Bank Name	Account Function	Account #	USD Balance as of 8/31
Hercules Offshore, Inc.	Amegy Bank of Texas, N.A.	Operating Account	****2838		—
Hercules Offshore, Inc.	Amegy Bank of Texas, N.A.	Flexible Spending Claims	****7288		—
Hercules Offshore, Inc.	Amegy Bank of Texas, N.A.	Singapore Operating Account	****0935		—
Hercules Offshore, Inc.	HSBC	Checking Account	****2845		5,184,679
Hercules Offshore, Inc.	HSBC	Investment Account	****1393		92,282,474
Hercules Offshore, Inc.	Amegy Bank of Texas, N.A.	Hercules Offshore Inc. Utilities	****1193		58,193
Cliffs Drilling Company	Amegy Bank of Texas, N.A.	Operating Account	****1649		—
Cliffs Drilling Company	HSBC	Local Operations	****1001		12,036
Hercules Drilling Company, LLC	Amegy Bank of Texas, N.A.	Operating Account	****4656		14,852,088
Hercules Drilling Company, LLC	Amegy Bank of Texas, N.A.	Payables	****5850		—
Hercules Drilling Company, LLC	Amegy Bank of Texas, N.A.	Cayman Investment Sweep Account	****4656		—
Hercules Drilling Company, LLC	Amegy Bank of Texas, N.A.	Money Market Investment Account	****8200		—
Hercules Drilling Company, LLC	Amegy Bank of Texas, N.A.	Cayman Self Directed Investment Account	****2321		—
Hercules Drilling Company, LLC	Capital One Bank	Investment Account	****7684		33,193,958
Hercules Drilling Company, LLC	Comerica Bank	Investment Account	****8881		—
Hercules Offshore Services LLC	Amegy Bank of Texas, N.A.	Payroll Account	****5069		—
TODCO Americas Inc.	Amegy Bank of Texas, N.A.	Operating Account	****8930		—

Notes:

(1)	Includes only Debtor entity bank accounts

I attest that each of the Debtors’ corporate bank accounts is reconciled to monthly bank statements. The Company’s standard practice is to ensure that each corporate bank account is reconciled to monthly bank statements for each fiscal month within 30 days after month end. See above listing of each of the Debtors’ bank accounts and the book balance of the account as of the end of the fiscal month covered by this report.


/s/ Troy Carson				/s/ Troy Carson
Authorized Representative				Printed Name of Authorized Representative

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 4 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-1a: BANK RECONCILIATIONS

Legal Entity

Hercules Offshore, Inc.

Cliffs Drilling Company

Hercules Drilling Company, LLC

Bank Name

HSBC

Amegy Bank of Texas, N.A.

HSBC

Amegy Bank of Texas, N.A.

Account #

****2845

****1393

****1193

****1001

****4656

Balance Per Books

5,184,679

92,282,474

58,193

12,036

14,852,088

Bank Balance

5,184,679

92,282,474

58,193

12,036

14,852,088

(+) Deposits In Transit

—

(-) Outstanding Checks

—

Other

—

Adjusted Bank Balance

5,184,679

92,282,474

58,193

12,036

14,852,088

Deposits In Transit

Date

Amount

Date

Amount

Date

Amount

Date

Amount

Date

Amount

—

Total Deposits In Transit

—

Outstanding Checks

Date

Amount

Date

Amount

Date

Amount

Date

Amount

Date

Amount

Total Outstanding Checks

—

Other

Date

Amount

Date

Amount

Date

Amount

Date

Amount

Date

Amount

—

Total Other

—

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 5 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-1a: BANK RECONCILIATIONS


Legal Entity Bank Name Account #	Hercules Drilling Company, LLC Amegy Bank of Texas, N.A. ****4656			Hercules Drilling Company, LLC Capital One Bank ****7684			Hercules Drilling Company, LLC Comerica Bank ****8881			Hercules Drilling Company, LLC Amegy Bank of Texas, N.A.¹****5850				Hercules Offshore Services LLC Amegy Bank of Texas, N.A.¹****5069
Balance Per Books		$	—		$	33,193,958		$	—		$	(170,957	)		$	(1,613	)
Bank Balance		$	—		$	33,193,958		$	—		$	—			$	—
(+) Deposits In Transit			—			—			—			—				—
(-) Outstanding Checks			—			—			—			170,957				1,613
Other			—			—			—			—				—
Adjusted Bank Balance		$	—		$	33,193,958		$	—		$	(170,957	)		$	(1,613	)

Deposits In Transit	Date	Amount		Date	Amount		Date	Amount		Date	Amount			Date	Amount
		$	—		$	—		$	—		$	—			$	—
			—			—			—			—				—
			—			—			—			—				—
			—			—			—			—				—

Total Deposits In Transit		$	—		$	—		$	—		$	—			$	—


Outstanding Checks²	Date	Amount		Date	Amount		Date	Amount		Date	Amount			Date	Amount
Total Outstanding Checks		$	—		$	—		$	—		$	170,957			$	1,613

Other		$	—		$	—		$	—		$	—			$	—
			—			—			—			—				—
			—			—			—			—				—
			—			—			—			—				—
			—			—			—			—				—

Total Other		$	—		$	—		$	—		$	—			$	—

(1)	The negative book balance in accounts **5850 and **5069 are due to those accounts being ZBA accounts in the Amegy bank account structure noted in the Cash Management Motion. As checks clear these bank accounts, funds are made available to those accounts to process checks presented for payment.

(2)	Outstanding checks are available to the UST upon request.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 6 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-1b: SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID


						Check				Amount Paid				Year-To-Date
Payee	Period Covered	Amount Approved		Payor		Number		Date		Fees		Expenses		Fees		Expenses
Alfaro Ferrer	7/8/2016	$	3,765		Hercules Drilling Company, LLC		None		None	$	2,713	$	1,052	$	2,713	$	1,052
Bayard, PA	6/1/16 – 6/30/16		20,565		Hercules Drilling Company, LLC		None		None		20,252		313		20,252		313
King & Spalding LLP	7/1/16 – 7/31/16		179,286		Hercules Drilling Company, LLC		None		None		173,610		5,677		350,173		6,277
Kirkland & Ellis LLP	Ending 7/31/16		264,438		Hercules Drilling Company, LLC		None		None		262,379		2,059		262,379		2,059
Prime Clerk LLC	Ending 7/31/16		204,920		Hercules Drilling Company, LLC		None		None		37,024		167,896		136,587		527,404
White & Case LLP	Ending 7/31/16		1,464,321		Hercules Drilling Company, LLC		None		None		1,412,097		52,224		2,113,471		95,443
Zolfo Cooper	6/1/16 – 6/30/16		33,110		Hercules Drilling Company, LLC		None		None		30,684		2,427		30,684		2,427

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 7 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

The Consolidated Debtor Entities


REVENUES	Month			Cumulative Filing to Date¹
Revenue	$	2,742,569		$	12,154,939

Total Revenue		2,742,569			12,154,939

OPERATING EXPENSES
Operating Cost & Expenses		3,346,316			10,570,044
Depreciation & Amortization		805,274			2,182,488
General & Administrative		3,440,084			11,673,185

Total Operating Expenses		7,591,674			24,425,717

Operating Income		(4,849,105	)		(12,270,777	)
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		63,783,179			63,689,446
Interest Expense		2,661,722			135,165,221
Income Taxes (Benefit)		3,586			(5,430,845	)

Total Other Income and Expenses		66,448,487			193,423,822

Net Profit/(Loss)	$	(71,297,592	)	$	(205,694,600	)

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 8 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

Hercules Offshore, Inc.


REVENUES	Month			Cumulative Filing to Date¹
Revenue	$	436,881		$	900,305

Total Revenue		436,881			900,305

OPERATING EXPENSES
Operating Cost & Expenses		3,810			(102,489	)
Depreciation & Amortization		175,000			291,667
General & Administrative		3,219,436			9,800,509

Total Operating Expenses		3,398,246			9,989,686

Operating Income		(2,961,364	)		(9,089,382	)
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		63,943,736			63,879,004
Interest Expense		2,044,732			133,314,251
Income Taxes (Benefit)		3,586			(4,048,912	)

Total Other Income and Expenses		65,992,053			193,144,343

Net Profit/(Loss)	$	(68,953,418	)	$	(202,233,725	)

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 9 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

Cliffs Drilling Company


REVENUES	Month			Cumulative Filing to Date¹
Revenue	$	—		$	—

Total Revenue		—			—

OPERATING EXPENSES
Operating Cost & Expenses		151,090			538,008
Depreciation & Amortization		—			—
General & Administrative		10,499			42,473

Total Operating Expenses		161,589			580,481

Operating Income		(161,589	)		(580,481	)
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		(71	)		3,211
Interest Expense		—			—
Income Taxes (Benefit)		—			(1,158,886	)

Total Other Income and Expenses		(71	)		(1,155,675	)

Net Profit/(Loss)	$	(161,518	)	$	575,194

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 10 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

Cliffs Drilling Trinidad L.L.C.


REVENUES	Month		Cumulative Filing to Date¹
Revenue	$	—	$	—

Total Revenue		—		—

OPERATING EXPENSES
Operating Cost & Expenses		—		—
Depreciation & Amortization		—		—
General & Administrative		—		—

Total Operating Expenses		—		—

Operating Income		—		—
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		—		—
Interest Expense		—		—
Income Taxes (Benefit)		—		—

Total Other Income and Expenses		—		—

Net Profit/(Loss)	$	—	$	—

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 11 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

FDT LLC


REVENUES	Month		Cumulative Filing to Date¹
Revenue	$	—	$	—

Total Revenue		—		—

OPERATING EXPENSES
Operating Cost & Expenses		—		—
Depreciation & Amortization		—		—
General & Administrative		—		—

Total Operating Expenses		—		—

Operating Income		—		—
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		—		—
Interest Expense		—		—
Income Taxes (Benefit)		—		—

Total Other Income and Expenses		—		—

Net Profit/(Loss)	$	—	$	—

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 12 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

FDT Holdings LLC


REVENUES	Month		Cumulative Filing to Date¹
Revenue	$	—	$	—

Total Revenue		—		—

OPERATING EXPENSES
Operating Cost & Expenses		—		—
Depreciation & Amortization		—		—
General & Administrative		—		—

Total Operating Expenses		—		—

Operating Income		—		—
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		—		—
Interest Expense		—		—
Income Taxes (Benefit)		—		—

Total Other Income and Expenses		—		—

Net Profit/(Loss)	$	—	$	—

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 13 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

Hercules Drilling Company, LLC


REVENUES	Month			Cumulative Filing to Date¹
Revenue	$	—		$	—

Total Revenue		—			—

OPERATING EXPENSES
Operating Cost & Expenses		122,952			375,209
Depreciation & Amortization		221,776			665,329
General & Administrative		205,601			692,216

Total Operating Expenses		550,330			1,732,755

Operating Income		(550,330	)		(1,732,755	)
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		(93,186	)		(125,469	)
Interest Expense		(75,750	)		(227,250	)
Income Taxes (Benefit)		—			—

Total Other Income and Expenses		(168,936	)		(352,719	)

Net Profit/(Loss)	$	(381,394	)	$	(1,380,036	)

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 14 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

Hercules Offshore Services LLC


REVENUES	Month			Cumulative Filing to Date¹
Revenue	$	1,276,732		$	4,000,014

Total Revenue		1,276,732			4,000,014

OPERATING EXPENSES
Operating Cost & Expenses		938,295			2,580,194
Depreciation & Amortization		140,917			422,750
General & Administrative		0			0

Total Operating Expenses		1,079,211			3,002,944

Operating Income		197,521			997,070
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		(67,300	)		(67,300	)
Interest Expense		—			—
Income Taxes (Benefit)		—			—

Total Other Income and Expenses		(67,300	)		(67,300	)

Net Profit/(Loss)	$	264,821		$	1,064,370

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 15 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

Hercules Offshore Liftboat Company LLC


REVENUES	Month		Cumulative Filing to Date¹
Revenue	$	—	$	—

Total Revenue		—		—

OPERATING EXPENSES
Operating Cost & Expenses		—		—
Depreciation & Amortization		—		—
General & Administrative		—		—

Total Operating Expenses		—		—

Operating Income		—		—
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		—		—
Interest Expense		—		—
Income Taxes (Benefit)		—		—

Total Other Income and Expenses		—		—

Net Profit/(Loss)	$	—	$	—

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 16 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

HERO Holdings, Inc.


REVENUES	Month			Cumulative Filing to Date¹
Revenue	$	—		$	—

Total Revenue		—			—

OPERATING EXPENSES
Operating Cost & Expenses		—			—
Depreciation & Amortization		—			—
General & Administrative		2,156			867,389

Total Operating Expenses		2,156			867,389

Operating Income		(2,156	)		(867,389	)
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		—			—
Interest Expense		692,740			2,078,220
Income Taxes (Benefit)		—			—

Total Other Income and Expenses		692,740			2,078,220

Net Profit/(Loss)	$	(694,896	)	$	(2,945,610	)

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 17 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

SD Drilling LLC


REVENUES	Month			Cumulative Filing to Date¹
Revenue	$	992,966		$	4,130,153

Total Revenue		992,966			4,130,153

OPERATING EXPENSES
Operating Cost & Expenses		1,300,052			4,399,500
Depreciation & Amortization		211,636			634,908
General & Administrative		—			0

Total Operating Expenses		1,511,688			5,034,408

Operating Income		(518,722	)		(904,255	)
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		—			—
Interest Expense		(7,000	)		(21,000	)
Income Taxes (Benefit)		—			—

Total Other Income and Expenses		(7,000	)		(21,000	)

Net Profit/(Loss)	$	(511,722	)	$	(883,255	)

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 18 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

THE Offshore Drilling Company


REVENUES	Month			Cumulative Filing to Date¹
Revenue	$	35,990		$	3,124,467

Total Revenue		35,990			3,124,467

OPERATING EXPENSES
Operating Cost & Expenses		808,759			2,715,544
Depreciation & Amortization		55,944			167,833
General & Administrative		2,394			270,597

Total Operating Expenses		867,097			3,153,975

Operating Income		(831,107	)		(29,508	)
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		—			—
Interest Expense		—			—
Income Taxes (Benefit)		—			—

Total Other Income and Expenses		—			—

Net Profit/(Loss)	$	(831,107	)	$	(29,508	)

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 19 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

THE Onshore Drilling Company


REVENUES	Month		Cumulative Filing to Date¹
Revenue	$	—	$	—

Total Revenue		—		—

OPERATING EXPENSES
Operating Cost & Expenses		—		—
Depreciation & Amortization		—		—
General & Administrative		—		—

Total Operating Expenses		—		—

Operating Income		—		—
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		—		—
Interest Expense		—		—
Income Taxes (Benefit)		—		—

Total Other Income and Expenses		—		—

Net Profit/(Loss)	$	—	$	—

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 20 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

TODCO Americas Inc.


REVENUES	Month			Cumulative Filing to Date¹
Revenue	$	—		$	—

Total Revenue		—			—

OPERATING EXPENSES
Operating Cost & Expenses		21,359			64,077
Depreciation & Amortization		—			—
General & Administrative		—			—

Total Operating Expenses		21,359			64,077

Operating Income		(21,359	)		(64,077	)
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		—			—
Interest Expense		7,000			21,000
Income Taxes (Benefit)		—			—

Total Other Income and Expenses		7,000			21,000

Net Profit/(Loss)	$	(28,359	)	$	(85,077	)

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 21 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-2: STATEMENT OF OPERATIONS

(Income Statement)

TODCO International Inc.


REVENUES	Month		Cumulative Filing to Date¹
Revenue	$	—	$	—

Total Revenue		—		—

OPERATING EXPENSES
Operating Cost & Expenses		—		—
Depreciation & Amortization		—		—
General & Administrative		—		—

Total Operating Expenses		—		—

Operating Income		—		—
OTHER INCOME AND EXPENSES
Other (Income)/Expenses, Net		—		—
Interest Expense		—		—
Income Taxes (Benefit)		—		—

Total Other Income and Expenses		—		—

Net Profit/(Loss)	$	—	$	—

(1)	The Company did not close the books on the petition date and therefore the values represent the period June 1 - August 31.

(2)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 22 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

The Consolidated Debtor Entities


ASSETS	Book Value at End of			Book Value at End of
CURRENT ASSETS	Current Reporting Month			Previous Month
Cash	$	145,410,858		$	152,435,848
Restricted Cash		—			—
Accounts Receivable – Trade		13,173,439			13,487,385
Accounts Receivable – Other		(1,250	)		164,534
Due to/from Affiliates		(453,071,827	)		(391,894,570	)
Deposits		—			—
Prepaid & Other		8,536,665			9,554,356

Total Current Assets		(285,952,115	)		(216,252,447	)

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		85,775,405			86,405,855
OTHER ASSETS
Investment in/from Affiliates		1,724,702,689			1,724,702,689
Notes Receivable – Affiliates		959,514,329			959,514,329
Other Assets		5,649,307			5,815,502

Total Other Assets		2,689,866,325			2,690,032,520

Total Assets	$	2,489,689,614		$	2,560,185,928


LIABILITIES AND OWNER EQUITY	Book Value at End of			Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month			Previous Month
Accounts Payable	$	9,291,965		$	9,616,143
Accrued Liabilities		24,978,169			23,193,047
Interest Payable		—			—
Taxes Payable		(1,009,289	)		(1,009,059	)
Other Current Liabilities		289,985			90,000
Current portion of Long-Term Debt		—			—
Deferred Income Taxes		4,331			745
Notes Payable - Affiliates		499,814,329			499,814,329
Other Liabilities		204,921			1,810,748

Total Liabilities Not Subject to Compromise		533,574,411			533,515,952

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		346,433,438			345,733,698

Total Liabilities		880,007,849			879,249,650

SHAREHOLDERS EQUITY
Common Stock		200,041			200,041
Additional Paid-in-Capital		1,681,673,640			1,681,630,560
Contributed Capital		138,844,823			138,844,823
Treasury Stock		(325,548	)		(325,548	)
Retained Earning – Prior Year		(22,848,912	)		(22,848,912	)
Net Income		(187,862,278	)		(116,564,686	)
Net Shareholders Equity		1,609,681,766			1,680,936,278

Total Liabilities and Shareholders Equity	$	2,489,689,614		$	2,560,185,928

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 23 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

Hercules Offshore, Inc.


ASSETS	Book Value at End of			Book Value at End of
CURRENT ASSETS	Current Reporting Month			Previous Month
Cash	$	97,525,346		$	80,502,256
Restricted Cash		—			—
Accounts Receivable – Trade		4,001,197			3,564,316
Accounts Receivable – Other		—			135,027
Due to/from Affiliates		(676,538,880	)		(590,114,557	)
Deposits		—			—
Prepaid & Other		2,975,302			3,173,474

Total Current Assets		(572,037,034	)		(502,739,485	)

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		—			—
OTHER ASSETS
Investment in/from Affiliates		756,424,589			756,424,589
Notes Receivable – Affiliates		864,514,329			864,514,329
Other Assets		5,649,307			5,815,502

Total Other Assets		1,626,588,225			1,626,754,420

Total Assets	$	1,054,551,191		$	1,124,014,935


LIABILITIES AND OWNER EQUITY	Book Value at End of			Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month			Previous Month
Accounts Payable	$	3,747,642		$	4,381,547
Accrued Liabilities		2,949,550			1,266,581
Interest Payable		—			—
Taxes Payable		(306,401	)		(306,171	)
Other Current Liabilities		—			—
Current portion of Long-Term Debt		—			—
Deferred Income Taxes		4,331			745
Notes Payable - Affiliates		—			—
Other Liabilities		204,921			1,810,748

Total Liabilities Not Subject to Compromise		6,600,043			7,153,449

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		340,835,517			340,835,517

Total Liabilities		347,435,560			347,988,967

SHAREHOLDERS EQUITY
Common Stock		200,000			200,000
Additional Paid-in-Capital		588,067,366			588,024,286
Contributed Capital		—			—
Treasury Stock		(325,548	)		(325,548	)
Retained Earning – Prior Year		298,364,810			298,364,810
Net Income		(179,190,997	)		(110,237,579	)
Net Shareholders Equity		707,115,631			776,025,969

Total Liabilities and Shareholders Equity	$	1,054,551,191		$	1,124,014,935

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 24 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

Cliffs Drilling Company


ASSETS	Book Value at End of			Book Value at End of
CURRENT ASSETS	Current Reporting Month			Previous Month
Cash	$	12,036		$	11,880
Restricted Cash		—			—
Accounts Receivable – Trade		(460,950	)		(460,950	)
Accounts Receivable – Other		—			—
Due to/from Affiliates		87,953,607			87,869,820
Deposits		—			—
Prepaid & Other		674,475			758,784

Total Current Assets		88,179,167			88,179,534

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		1,000,000			1,000,000
OTHER ASSETS
Investment in/from Affiliates		3,499,897			3,499,897
Notes Receivable – Affiliates		—			—
Other Assets		—			—

Total Other Assets		3,499,897			3,499,897

Total Assets	$	92,679,064		$	92,679,431


LIABILITIES AND OWNER EQUITY	Book Value at End of			Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month			Previous Month
Accounts Payable	$	789,767		$	731,405
Accrued Liabilities		56,097			53,292
Interest Payable		—			—
Taxes Payable		123,151			123,151
Other Current Liabilities		99,985			—
Current portion of Long-Term Debt		—			—
Deferred Income Taxes		(1	)		(1	)
Notes Payable - Affiliates		—			—
Other Liabilities		—			—

Total Liabilities Not Subject to Compromise		1,068,999			907,848

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		—			—

Total Liabilities		1,068,999			907,848

SHAREHOLDERS EQUITY
Common Stock		10			10
Additional Paid-in-Capital		210,903,996			210,903,996
Contributed Capital		—			—
Treasury Stock		—			—
Retained Earning – Prior Year		(118,718,232	)		(118,718,232	)
Net Income		(575,709	)		(414,190	)
Net Shareholders Equity		91,610,065			91,771,584

Total Liabilities and Shareholders Equity	$	92,679,064		$	92,679,431

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 25 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

Cliffs Drilling Trinidad L.L.C.


ASSETS	Book Value at End of			Book Value at End of
CURRENT ASSETS	Current Reporting Month			Previous Month
Cash	$	—		$	—
Restricted Cash		—			—
Accounts Receivable – Trade		—			—
Accounts Receivable – Other		—			—
Due to/from Affiliates		(299	)		(299	)
Deposits		—			—
Prepaid & Other		—			—

Total Current Assets		(299	)		(299	)

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		—			—
OTHER ASSETS
Investment in/from Affiliates		1,144			1,144
Notes Receivable – Affiliates		—			—
Other Assets		—			—

Total Other Assets		1,144			1,144

Total Assets	$	845		$	845


LIABILITIES AND OWNER EQUITY	Book Value at End of			Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month			Previous Month
Accounts Payable	$	—		$	—
Accrued Liabilities		—			—
Interest Payable		—			—
Taxes Payable		—			—
Other Current Liabilities		—			—
Current portion of Long-Term Debt		—			—
Deferred Income Taxes		—			—
Notes Payable - Affiliates		—			—
Other Liabilities		—			—

Total Liabilities Not Subject to Compromise		—			—

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		—			—

Total Liabilities		—			—

SHAREHOLDERS EQUITY
Common Stock		—			—
Additional Paid-in-Capital		—			—
Contributed Capital		9,360			9,360
Treasury Stock		—			—
Retained Earning – Prior Year		(8,515	)		(8,515	)
Net Income		—			—
Net Shareholders Equity		845			845

Total Liabilities and Shareholders Equity	$	845		$	845

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 26 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

FDT LLC


ASSETS	Book Value at End of		Book Value at End of
CURRENT ASSETS	Current Reporting Month		Previous Month
Cash	$	—	$	—
Restricted Cash		—		—
Accounts Receivable – Trade		—		—
Accounts Receivable – Other		—		—
Due to/from Affiliates		—		—
Deposits		—		—
Prepaid & Other		—		—

Total Current Assets		—		—

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		—		—
OTHER ASSETS
Investment in/from Affiliates		—		—
Notes Receivable – Affiliates		—		—
Other Assets		—		—

Total Other Assets		—		—

Total Assets	$	—	$	—


LIABILITIES AND OWNER EQUITY	Book Value at End of		Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month		Previous Month
Accounts Payable	$	—	$	—
Accrued Liabilities		—		—
Interest Payable		—		—
Taxes Payable		—		—
Other Current Liabilities		—		—
Current portion of Long-Term Debt		—		—
Deferred Income Taxes		—		—
Notes Payable - Affiliates		—		—
Other Liabilities		—		—

Total Liabilities Not Subject to Compromise		—		—

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		—		—

Total Liabilities		—		—

SHAREHOLDERS EQUITY
Common Stock		—		—
Additional Paid-in-Capital		—		—
Contributed Capital		—		—
Treasury Stock		—		—
Retained Earning – Prior Year		—		—
Net Income		—		—
Net Shareholders Equity		—		—

Total Liabilities and Shareholders Equity	$	—	$	—

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 27 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

FDT Holdings LLC


ASSETS	Book Value at End of		Book Value at End of
CURRENT ASSETS	Current Reporting Month		Previous Month
Cash	$	—	$	—
Restricted Cash		—		—
Accounts Receivable – Trade		—		—
Accounts Receivable – Other		—		—
Due to/from Affiliates		—		—
Deposits		—		—
Prepaid & Other		—		—

Total Current Assets		—		—

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		—		—
OTHER ASSETS
Investment in/from Affiliates		—		—
Notes Receivable – Affiliates		—		—
Other Assets		—		—

Total Other Assets		—		—

Total Assets	$	—	$	—


LIABILITIES AND OWNER EQUITY	Book Value at End of		Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month		Previous Month
Accounts Payable	$	—	$	—
Accrued Liabilities		—		—
Interest Payable		—		—
Taxes Payable		—		—
Other Current Liabilities		—		—
Current portion of Long-Term Debt		—		—
Deferred Income Taxes		—		—
Notes Payable - Affiliates		—		—
Other Liabilities		—		—

Total Liabilities Not Subject to Compromise		—		—

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		—		—

Total Liabilities		—		—

SHAREHOLDERS EQUITY
Common Stock		—		—
Additional Paid-in-Capital		—		—
Contributed Capital		—		—
Treasury Stock		—		—
Retained Earning – Prior Year		—		—
Net Income		—		—
Net Shareholders Equity		—		—

Total Liabilities and Shareholders Equity	$	—	$	—

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 28 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

Hercules Drilling Company, LLC


ASSETS	Book Value at End of			Book Value at End of
CURRENT ASSETS	Current Reporting Month			Previous Month
Cash	$	47,875,089		$	71,925,296
Restricted Cash		—			—
Accounts Receivable – Trade		—			—
Accounts Receivable – Other		(0	)		47
Due to/from Affiliates		53,454,595			28,510,950
Deposits		—			—
Prepaid & Other		696,101			907,464

Total Current Assets		102,025,784			101,343,756

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		10,128,223			10,349,999
OTHER ASSETS
Investment in/from Affiliates		—			—
Notes Receivable – Affiliates		90,000,000			90,000,000
Other Assets		—			—

Total Other Assets		90,000,000			90,000,000

Total Assets	$	202,154,007		$	201,693,756


LIABILITIES AND OWNER EQUITY	Book Value at End of			Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month			Previous Month
Accounts Payable	$	937,703		$	674,221
Accrued Liabilities		19,837,557			19,259,393
Interest Payable		—			—
Taxes Payable		(389,633	)		(389,633	)
Other Current Liabilities		90,000			90,000
Current portion of Long-Term Debt		—			—
Deferred Income Taxes		—			—
Notes Payable - Affiliates		—			—
Other Liabilities		—			—

Total Liabilities Not Subject to Compromise		20,475,627			19,633,981

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		—			—

Total Liabilities		20,475,627			19,633,981

SHAREHOLDERS EQUITY
Common Stock		—			—
Additional Paid-in-Capital		—			—
Contributed Capital		—			—
Treasury Stock		—			—
Retained Earning – Prior Year		181,789,741			181,789,741
Net Income		(111,360	)		270,033
Net Shareholders Equity		181,678,381			182,059,774

Total Liabilities and Shareholders Equity	$	202,154,007		$	201,693,756

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 29 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

Hercules Offshore Services LLC


ASSETS	Book Value at End of			Book Value at End of
CURRENT ASSETS	Current Reporting Month			Previous Month
Cash	$	(1,613	)	$	(3,584	)
Restricted Cash		—			—
Accounts Receivable – Trade		2,691,055			2,690,197
Accounts Receivable – Other		(1,250	)		8,387
Due to/from Affiliates		19,429,179			19,468,608
Deposits		—			—
Prepaid & Other		704,340			792,382

Total Current Assets		22,821,711			22,955,990

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		25,319,017			25,459,933
OTHER ASSETS
Investment in/from Affiliates		483,802,329			483,802,329
Notes Receivable – Affiliates		—			—
Other Assets		—			—

Total Other Assets		483,802,329			483,802,329

Total Assets	$	531,943,056		$	532,218,252


LIABILITIES AND OWNER EQUITY	Book Value at End of			Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month			Previous Month
Accounts Payable	$	738,531		$	704,910
Accrued Liabilities		861,132			1,434,770
Interest Payable		—			—
Taxes Payable		—			—
Other Current Liabilities		—			—
Current portion of Long-Term Debt		—			—
Deferred Income Taxes		—			—
Notes Payable - Affiliates		—			—
Other Liabilities		—			—

Total Liabilities Not Subject to Compromise		1,599,664			2,139,680

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		—			—

Total Liabilities		1,599,664			2,139,680

SHAREHOLDERS EQUITY
Common Stock		—			—
Additional Paid-in-Capital		265,099,970			265,099,970
Contributed Capital		65,545,741			65,545,741
Treasury Stock		—			—
Retained Earning – Prior Year		201,796,230			201,796,230
Net Income		(2,098,548	)		(2,363,369	)
Net Shareholders Equity		530,343,393			530,078,572

Total Liabilities and Shareholders Equity	$	531,943,056		$	532,218,252

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 30 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

Hercules Offshore Liftboat Company LLC


ASSETS	Book Value at End of		Book Value at End of
CURRENT ASSETS	Current Reporting Month		Previous Month
Cash	$	—	$	—
Restricted Cash		—		—
Accounts Receivable – Trade		—		—
Accounts Receivable – Other		—		—
Due to/from Affiliates		—		—
Deposits		—		—
Prepaid & Other		—		—

Total Current Assets		—		—

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		—		—
OTHER ASSETS
Investment in/from Affiliates		—		—
Notes Receivable – Affiliates		—		—
Other Assets		—		—

Total Other Assets		—		—

Total Assets	$	—	$	—


LIABILITIES AND OWNER EQUITY	Book Value at End of		Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month		Previous Month
Accounts Payable	$	—	$	—
Accrued Liabilities		—		—
Interest Payable		—		—
Taxes Payable		—		—
Other Current Liabilities		—		—
Current portion of Long-Term Debt		—		—
Deferred Income Taxes		—		—
Notes Payable - Affiliates		—		—
Other Liabilities		—		—

Total Liabilities Not Subject to Compromise		—		—

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		—		—

Total Liabilities		—		—

SHAREHOLDERS EQUITY
Common Stock		—		—
Additional Paid-in-Capital		—		—
Contributed Capital		—		—
Treasury Stock		—		—
Retained Earning – Prior Year		—		—
Net Income		—		—
Net Shareholders Equity		—		—

Total Liabilities and Shareholders Equity	$	—	$	—

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 31 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

HERO Holdings, Inc.


ASSETS	Book Value at End of			Book Value at End of
CURRENT ASSETS	Current Reporting Month			Previous Month
Cash	$	—		$	—
Restricted Cash		—			—
Accounts Receivable – Trade		—			—
Accounts Receivable – Other		—			—
Due to/from Affiliates		16,880,323			16,880,323
Deposits		—			—
Prepaid & Other		(0	)		(0	)

Total Current Assets		16,880,323			16,880,323

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		—			—
OTHER ASSETS
Investment in/from Affiliates		480,974,730			480,974,730
Notes Receivable – Affiliates		—			—
Other Assets		—			—

Total Other Assets		480,974,730			480,974,730

Total Assets	$	497,855,053		$	497,855,053


LIABILITIES AND OWNER EQUITY	Book Value at End of			Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month			Previous Month
Accounts Payable	$	—		$	—
Accrued Liabilities		43,110			40,955
Interest Payable		—			—
Taxes Payable		(25,207	)		(25,207	)
Other Current Liabilities		—			—
Current portion of Long-Term Debt		—			—
Deferred Income Taxes		—			—
Notes Payable - Affiliates		494,814,329			494,814,329
Other Liabilities		—			—

Total Liabilities Not Subject to Compromise		494,832,232			494,830,077

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		5,541,920			4,849,180

Total Liabilities		500,374,153			499,679,257

SHAREHOLDERS EQUITY
Common Stock		—			—
Additional Paid-in-Capital		415,428,989			415,428,989
Contributed Capital		78,247,255			78,247,255
Treasury Stock		—			—
Retained Earning – Prior Year		(488,053,410	)		(488,053,410	)
Net Income		(8,141,933	)		(7,447,038	)
Net Shareholders Equity		(2,519,100	)		(1,824,204	)

Total Liabilities and Shareholders Equity	$	497,855,053		$	497,855,053

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 32 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

SD Drilling LLC


ASSETS	Book Value at End of			Book Value at End of
CURRENT ASSETS	Current Reporting Month			Previous Month
Cash	$	—		$	—
Restricted Cash		—			—
Accounts Receivable – Trade		3,870,481			3,675,803
Accounts Receivable – Other		—			10,075
Due to/from Affiliates		35,687,983			35,715,833
Deposits		—			—
Prepaid & Other		2,270,494			2,554,306

Total Current Assets		41,828,957			41,956,017

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		38,276,421			38,488,233
OTHER ASSETS
Investment in/from Affiliates		—			—
Notes Receivable – Affiliates		5,000,000			5,000,000
Other Assets		—			—

Total Other Assets		5,000,000			5,000,000

Total Assets	$	85,105,378		$	85,444,250


LIABILITIES AND OWNER EQUITY	Book Value at End of			Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month			Previous Month
Accounts Payable	$	2,057,847		$	2,040,919
Accrued Liabilities		265,548			209,625
Interest Payable		—			—
Taxes Payable		—			—
Other Current Liabilities		100,000			—
Current portion of Long-Term Debt		—			—
Deferred Income Taxes		—			—
Notes Payable - Affiliates		—			—
Other Liabilities		—			—

Total Liabilities Not Subject to Compromise		2,423,395			2,250,545

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		—			—

Total Liabilities		2,423,395			2,250,545

SHAREHOLDERS EQUITY
Common Stock		—			—
Additional Paid-in-Capital		150,329,019			150,329,019
Contributed Capital		—			—
Treasury Stock		—			—
Retained Earning – Prior Year		(68,473,306	)		(68,473,306	)
Net Income		826,271			1,337,992
Net Shareholders Equity		82,681,983			83,193,705

Total Liabilities and Shareholders Equity	$	85,105,378		$	85,444,250

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 33 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

THE Offshore Drilling Company


ASSETS	Book Value at End of			Book Value at End of
CURRENT ASSETS	Current Reporting Month			Previous Month
Cash	$	—		$	—
Restricted Cash		—			—
Accounts Receivable – Trade		3,071,656			4,018,020
Accounts Receivable – Other		—			10,998
Due to/from Affiliates		8,496,233			8,209,320
Deposits		—			—
Prepaid & Other		1,045,082			1,175,718

Total Current Assets		12,612,972			13,414,055

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		10,801,744			10,857,689
OTHER ASSETS
Investment in/from Affiliates		—			—
Notes Receivable – Affiliates		—			—
Other Assets		—			—

Total Other Assets		—			—

Total Assets	$	23,414,716		$	24,271,744


LIABILITIES AND OWNER EQUITY	Book Value at End of			Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month			Previous Month
Accounts Payable	$	890,143		$	952,808
Accrued Liabilities		965,175			928,431
Interest Payable		—			—
Taxes Payable		(411,198	)		(411,198	)
Other Current Liabilities		—			—
Current portion of Long-Term Debt		—			—
Deferred Income Taxes		(0	)		(0	)
Notes Payable - Affiliates		—			—
Other Liabilities		—			—

Total Liabilities Not Subject to Compromise		1,444,119			1,470,040

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		—			—

Total Liabilities		1,444,119			1,470,040

SHAREHOLDERS EQUITY
Common Stock		1			1
Additional Paid-in-Capital		51,844,299			51,844,299
Contributed Capital		—			—
Treasury Stock		—			—
Retained Earning – Prior Year		(31,445,138	)		(31,445,138	)
Net Income		1,571,435			2,402,541
Net Shareholders Equity		21,970,597			22,801,704

Total Liabilities and Shareholders Equity	$	23,414,716		$	24,271,744

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 34 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

THE Onshore Drilling Company


ASSETS	Book Value at End of			Book Value at End of
CURRENT ASSETS	Current Reporting Month			Previous Month
Cash	$	—		$	—
Restricted Cash		—			—
Accounts Receivable – Trade		—			—
Accounts Receivable – Other		—			—
Due to/from Affiliates		19,353			19,353
Deposits		—			—
Prepaid & Other		—			—

Total Current Assets		19,353			19,353

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		—			—
OTHER ASSETS
Investment in/from Affiliates		—			—
Notes Receivable – Affiliates		—			—
Other Assets		—			—

Total Other Assets		—			—

Total Assets	$	19,353		$	19,353


LIABILITIES AND OWNER EQUITY	Book Value at End of			Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month			Previous Month
Accounts Payable	$	—		$	—
Accrued Liabilities		—			—
Interest Payable		—			—
Taxes Payable		—			—
Other Current Liabilities		—			—
Current portion of Long-Term Debt		—			—
Deferred Income Taxes		—			—
Notes Payable - Affiliates		—			—
Other Liabilities		—			—

Total Liabilities Not Subject to Compromise		—			—

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		—			—

Total Liabilities		—			—

SHAREHOLDERS EQUITY
Common Stock		10			10
Additional Paid-in-Capital		—			—
Contributed Capital		(4,957,532	)		(4,957,532	)
Treasury Stock		—			—
Retained Earning – Prior Year		4,976,875			4,976,875
Net Income		—			—
Net Shareholders Equity		19,353			19,353

Total Liabilities and Shareholders Equity	$	19,353		$	19,353

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 35 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

TODCO Americas Inc.


ASSETS	Book Value at End of			Book Value at End of
CURRENT ASSETS	Current Reporting Month			Previous Month
Cash	$	—		$	—
Restricted Cash		—			—
Accounts Receivable – Trade		—			—
Accounts Receivable – Other		—			—
Due to/from Affiliates		1,546,073			1,546,073
Deposits		—			—
Prepaid & Other		170,871			192,230

Total Current Assets		1,716,944			1,738,303

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		250,000			250,000
OTHER ASSETS
Investment in/from Affiliates		—			—
Notes Receivable – Affiliates		—			—
Other Assets		—			—

Total Other Assets		—			—

Total Assets	$	1,966,944		$	1,988,303


LIABILITIES AND OWNER EQUITY	Book Value at End of			Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month			Previous Month
Accounts Payable	$	130,332		$	130,332
Accrued Liabilities		—			—
Interest Payable		—			—
Taxes Payable		—			—
Other Current Liabilities		—			—
Current portion of Long-Term Debt		—			—
Deferred Income Taxes		0			0
Notes Payable - Affiliates		5,000,000			5,000,000
Other Liabilities		—			—

Total Liabilities Not Subject to Compromise		5,130,332			5,130,332

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		56,000			49,000

Total Liabilities		5,186,332			5,179,332

SHAREHOLDERS EQUITY
Common Stock		10			10
Additional Paid-in-Capital		—			—
Contributed Capital		—			—
Treasury Stock		—			—
Retained Earning – Prior Year		(3,077,963	)		(3,077,963	)
Net Income		(141,435	)		(113,077	)
Net Shareholders Equity		(3,219,388	)		(3,191,029	)

Total Liabilities and Shareholders Equity	$	1,966,944		$	1,988,303

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 36 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-3: BALANCE SHEET

TODCO International Inc.


ASSETS	Book Value at End of			Book Value at End of
CURRENT ASSETS	Current Reporting Month			Previous Month
Cash	$	—		$	—
Restricted Cash		—			—
Accounts Receivable – Trade		—			—
Accounts Receivable – Other		—			—
Due to/from Affiliates		6			6
Deposits		—			—
Prepaid & Other		—			—

Total Current Assets		6			6

PROPERTY, PLANT & EQUIPMENT
Net Property, Plant & Equipment		—			—
OTHER ASSETS
Investment in/from Affiliates		—			—
Notes Receivable – Affiliates		—			—
Other Assets		—			—

Total Other Assets		—			—

Total Assets	$	6		$	6


LIABILITIES AND OWNER EQUITY	Book Value at End of			Book Value at End of
LIABILITIES NOT SUBJECT TO COMPROMISE	Current Reporting Month			Previous Month
Accounts Payable	$	—		$	—
Accrued Liabilities		—			—
Interest Payable		—			—
Taxes Payable		—			—
Other Current Liabilities		—			—
Current portion of Long-Term Debt		—			—
Deferred Income Taxes		—			—
Notes Payable - Affiliates		—			—
Other Liabilities		—			—

Total Liabilities Not Subject to Compromise		—			—

LIABILITIES SUBJECT TO COMPROMISE^1&2

Total Liabilities Subject to Compromise		—			—

Total Liabilities		—			—

SHAREHOLDERS EQUITY
Common Stock		10			10
Additional Paid-in-Capital		—			—
Contributed Capital		—			—
Treasury Stock		—			—
Retained Earning – Prior Year		(4	)		(4	)
Net Income		—			—
Net Shareholders Equity		6			6

Total Liabilities and Shareholders Equity	$	6		$	6

(1)	The all-trade motion authorizes the payment of all trade payables in normal course, and therefore only the Senior Notes and Interest Payable have been included in Liabilities subject to compromise. Additionally, Liabilities subject to compromise include the estimated make whole payment amounts.

(2)	The Debtors continue accruing and paying interest on the Senior Notes. Additionally, the Non-Debtor entities paid $2.85 million to the Senior Notes as a result of Hercules 267 sale as provided in the Credit Agreement.

(3)	The balance sheets and statements of operations included in the Monthly Operating Report are unaudited and subject to adjustment, including year-end adjustments and any audit-related adjustments.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 37 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-4: SUMMARY OF UNPAID POSTPETITION DEBTS


	Number of Days Past Due
	Current			0-30		31-60		61-90		Over 90			Total
Accounts Payable	$	8,797,010		$	352,628	$	153,234	$	6,794	$	(17,699	)	$	9,291,965
Accrued Liabilities		24,978,169												24,978,169
Taxes Payable		(1,009,289	)											(1,009,289	)
Other Current Liabilities		289,985												289,985
Deferred Income Taxes		4,331												4,331
Other Liabilities		204,921												204,921

Total Unpaid Post-petition Debt	$	33,265,126		$	352,628	$	153,234	$	6,794	$	(17,699	)	$	33,760,082

(1)	Both pre-petition and post-petition debts with the exception of the Senior Notes and interest have been included in the schedule as they will be paid in normal course pursuant to the Plan.

(2)	Schedule represents the consolidated debtor entities.

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 38 of 39


In re	HERCULES OFFSHORE, INC., ET AL. DEBTOR	Case No.	16-11385
	Debtor	Reporting Period:	AUG. 1 - AUG. 31, 2016

MOR-5: ACCOUNTS RECEIVABLE RECONCILIATION AND AGING


Accounts Receivable Reconciliation	Amount
Total Accounts Receivable at the beginning of the reporting period	$	13,487,385
(+) Amounts billed during the period		2,708,056
(-) Amounts collected during the period		(3,022,002	)

Total Accounts Receivable at the end of the reporting period		13,173,439


Accounts Receivable Aging Amount	Amount
0 - 30 days old		7,592,468
31 - 60 days old		2,432,856
61 - 90 days old		(16,562	)
91+ days old		3,625,627

Total Accounts Receivable		13,634,389

Amount considered uncollectible (Bad Debt)		(460,950	)
Accounts Receivable (Net)	$	13,173,439

MOR-5: DEBTOR QUESTIONNAIRE


		Yes	No
1	Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.		X
2	Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.		X
3	Have all post petition tax returns been timely filed? If no, provide an explanation below.	X
4	Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.	X
5	Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.		X

Case 16-11385-KJC Doc 397 Filed 09/20/16 Page 39 of 39


Case Number	Debtor Name	Petition Date
16-11385	Hercules Offshore, Inc.	June 5, 2016
16-11386	Cliffs Drilling Company	June 6, 2016
16-11387	Cliffs Drilling Trinidad L.L.C.	June 6, 2016
16-11388	FDT LLC	June 6, 2016
16-11389	FDT Holdings LLC	June 6, 2016
16-11390	Hercules Drilling Company, LLC	June 6, 2016
16-11391	Hercules Offshore Services LLC	June 6, 2016
16-11392	Hercules Offshore Liftboat Company LLC	June 6, 2016
16-11393	HERO Holdings, Inc.	June 6, 2016
16-11394	SD Drilling LLC	June 6, 2016
16-11395	THE Offshore Drilling Company	June 6, 2016
16-11396	THE Onshore Drilling Company	June 6, 2016
16-11397	TODCO Americas Inc.	June 6, 2016
16-11398	TODCO International Inc.	June 6, 2016

Case 16-11385-KJC Doc 397-1 Filed 09/20/16 Page 1 of 1

CERTIFICATE OF SERVICE

I, Matthew B. Harvey, certify that I am not less than 18 years of age, and that service of the foregoing Monthly Operating Report for the reporting period August 1, 2016 – August 31, 2016, was caused to be made on September 20, 2016, in the manner indicated upon the party identified below.

VIA HAND DELIVERY

Attn: Timothy Fox, Esq.

Office of the United States Trustee

J. Caleb Boggs Federal Building

844 North King Street, Suite 2207

Wilmington, DE 19801


Dated: September 20, 2016						/s/ Matthew B. Harvey
						Matthew B. Harvey (No. 5186)

HERCULES OFFSHORE, INC. - FORM 8-K - EX-99.2 - November 16, 2016

Attached files

HERCULES OFFSHORE, INC. Reports