UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 24, 2009

Helix Energy Solutions Group, Inc.
(Exact name of registrant as specified in its charter)

Minnesota		001-32936		95-3409686
(State or other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

400 North Sam Houston Parkway East, Suite 400 Houston, Texas		77060
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: 281-618-0400

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On February 24, 2009, Helix Energy Solutions Group, Inc. (“Helix”) issued a press release announcing its fourth quarter and year-end results of operation for the period ended December 31, 2008. Attached hereto as Exhibit 99.1, and incorporated by reference herein, is the press release.

This information is not deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section, and such information is not incorporated by reference into any registration statements or other document filed under the Securities Act of 1933, as amended (“Securities Act”), or the Exchange Act, regardless of the general incorporation language contained in such filing, except as shall be expressly set forth by specific reference to this filing.

Item 7.01 Regulation FD Disclosure.

On February 24, 2009, Helix issued a press release announcing its fourth quarter and year-end results of operation for the period ended December 31, 2008. In addition, on February 25, 2009, Helix is making a presentation (with slides) to analysts and investors regarding its financial and operating results. Attached hereto as Exhibits 99.1 and 99.2, respectively, and incorporated by reference herein are the press release and the slides for the Fourth Quarter Earnings Conference Call Presentation issued by Helix. The presentation materials will also be posted beginning on February 24, 2009 in the Presentations section under Investor Relations of Helix’s website, www.helixesg.com.

This information is not deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section, and such information is not incorporated by reference into any registration statements or other document filed under the Securities Act of 1933, as amended (“Securities Act”), or the Exchange Act, regardless of the general incorporation language contained in such filing, except as shall be expressly set forth by specific reference to this filing.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

Number		Description
99.1		Press Release of Helix Energy Solutions Group, Inc. dated February 24, 2009 reporting financial results for the fourth quarter of 2008 and for the year ending December 31, 2008.
99.2		Fourth Quarter Earnings Conference Call Presentation.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 24, 2009

Index to Exhibits

Exhibit No.		Description
99.1		Press Release of Helix Energy Solutions Group, Inc. dated February 24, 2009 reporting financial results for the fourth quarter of 2008 and for the year ending December 31, 2008.
99.2		Fourth Quarter Earnings Conference Call Presentation.

Exhibit 99.1

		PRESSRELEASE
		www.HelixESG.com

Helix Energy Solutions Group, Inc. • 400 N. Sam Houston Parkway E., Suite 400 • Houston, TX 77060-3500 • 281-618-0400 • fax: 281-618-0505

For Immediate Release				09-005
		Contact:		Tony Tripodo
Date: February 24, 2009		Title:		Chief Financial Officer

Helix Reports Fourth Quarter and Year End 2008 Results

HOUSTON, TX — Helix Energy Solutions Group, Inc (NYSE: HLX) reported a net loss of $859.9 million or $(9.47) per diluted share, for the fourth quarter of 2008 compared with net income of $120.4 million, or $1.25 per diluted share, for the same period in 2007, and net income of $60.6 million, or $0.65 per diluted share, in the third quarter of 2008. The net loss for the year ended December 31, 2008 was $634.0 million, or $(6.99) per diluted share, compared to net income of $316.8 million, or $3.34 per diluted share, for the year ended December 31, 2007.

Owen Kratz, President and Chief Executive Officer of Helix, stated, “Our fourth quarter results reported large non-cash impairments and other charges totaling $935 million (pre-tax) plus weak results in our oil and gas business due to shut-in production from Hurricane Ike. However, our core Contracting Services business continues to produce strong results and we have now brought our oil and gas production close to pre-Ike levels. Thus, our fundamental business operations remain profitable and we should generate positive cash flow in 2009.”

Fourth quarter 2008 results included the following items:

	•		Non-cash charges of $907.6 million ($840.2 million net of tax, or $9.25 per diluted share), including $715.0 million, or $7.87 per diluted share, associated with a reduction in the carrying value of goodwill and $192.6 million ($125.2 million net of tax, or $1.38 per diluted share), related to reductions in the carrying values of certain oil and gas properties. The majority of the goodwill reduction related to the oil and gas business associated with the acquisition of Remington Oil and Gas Corporation in 2006. The oil and gas property impairments reflected a deterioration of the affected properties’ field economics primarily resulting from a decrease in both oil and natural gas prices during the fourth quarter.
	•		Other non-cash exploration charges of $26.6 million ($17.3 million net of tax, or $0.19 per diluted share) primarily related to two suspended exploratory wells drilled in prior years that are no longer considered economical to develop.
	•		A $6.7 million loss ($4.4 million net of tax, or $0.05 per diluted share) associated with the sale of our interest in the Bass Lite field located in Atwater Valley Block 426 in December 2008. Gross proceeds from the sale totaled approximately $49 million.

Fourth quarter 2007 results included the following items:

	•		Non-cash gain of $151.7 million ($98.6 million net of tax, or $1.02 per diluted share) resulting from an adjustment in our investment in Cal Dive following the Horizon acquisition.
	•		Non-cash oil and gas impairments/exploration expenses totaling $84.2 million ($54.8 million net of tax, or $0.57 per diluted share).

Revenues for our Contracting Services business were $300 million, reflecting high vessel and equipment utilization during the fourth quarter of 2008. Oil and gas revenues of $46 million for the fourth quarter were $89 million lower than the third quarter primarily because of reduced production, which totaled 6.4 billion cubic feet of natural gas equivalent (Bcfe) in fourth quarter 2008 compared with 10.5 Bcfe in the third quarter. The decrease in production is primarily due to a number of our oil and gas fields being shut-in following Hurricanes Gustav and Ike.

Summary of Results

(in thousands, except per share amounts and percentages, unaudited)

		Three Months Ended												Years Ended
		December 31,								September 30,				December 31,
		2008				2007				2008				2008				2007
Revenues		$	540,902			$	500,243			$	616,216			$	2,148,349			$	1,767,445
Gross Profit :
Operating		$	86,242			$	154,307			$	209,344			$	629,269			$	604,553
			16	%			31	%			34	%			29	%			34	%
Oil and Gas Impairments			(192,620	)			(64,072	)			(6,027	)			(215,675	)			(64,072	)
Exploration Expense			(27,072	)			(20,177	)			(2,492	)			(32,926	)			(26,725	)
Total		$	(133,450	)		$	70,058			$	200,825			$	380,668			$	513,756
Goodwill and Other Intangible Impairments		$	(714,988	)										$	(714,988	)
Net Income (Loss) Applicable to Common Shareholders		$	(859,864	)		$	120,412			$	60,587			$	(634,040	)		$	316,762
Diluted Earnings (Loss) Per share		$	(9.47	)		$	1.25			$	0.65			$	(6.99	)		$	3.34
Adjusted EBITDAX*		$	99,206			$	228,351			$	201,584			$	780,735			$	804,332

Segment Information, Operational and Financial Highlights
(in thousands, unaudited)

		Three Months Ended
		December 31,								September 30,
		2008				2007				2008
Revenues:
Contracting Services		$	299,724			$	224,066			$	284,671
Shelf Contracting			261,656				162,203				278,709
Oil and Gas			46,022				169,693				134,619
Intercompany Eliminations			(66,500	)			(55,719	)			(81,783	)
Total		$	540,902			$	500,243			$	616,216
Income loss from Operations:
Contracting Services		$	28,108			$	31,337			$	56,845
Shelf Contracting			69,946				41,692				72,719
Production Facilities			(285	)			(333	)			(140	)
Oil and Gas			(55,878	)			68,257				42,717
Oil and Gas Impairments			(192,620	)			(64,072	)			(6,027	)
Exploration Expense			(27,072	)			(20,177	)			(2,492	)
Goodwill and Other Intangible Impairments			(714,988	)			—				—
Intercompany Eliminations			(4,374	)			(7,909	)			(13,520	)
Total		$	(897,163	)		$	48,795			$	150,102
Equity in Earnings of Equity Investments		$	6,007			$	10,453			$	8,886

Contracting Services

	•		Deepwater construction revenues in the fourth quarter of 2008 benefited from exceptionally high utilization of pipelay assets (86%) and higher day rates. In addition, our robotics business also experienced high asset utilization (80%). Our deepwater construction assets have good backlog for the first half of 2009. Our robotics division benefitted from the increased scope of work resulting from the effects of Hurricanes Gustav and Ike.
	•		Our well operations business experienced decreased revenues in the fourth quarter as compared to the third quarter of 2008 reflecting the commencement of certain project work in the Gulf of Mexico that has slightly lower contract prices and margins than our typical contracts performed in 2008 as well as slightly lower utilization rates (93% vs. 100%).
	•		Gross profit margins for Contracting Services decreased primarily because of lower margins associated with certain longer-term and large scale projects.
	•		Our services’ segments have estimated backlog of nearly $900 million (including $350 million for Cal Dive), of which we expect to recognize around $660 million in 2009.

Shelf Contracting (Cal Dive)

•

Cal Dive revenues, gross profit and net income decreased in the fourth quarter of 2008 compared with third quarter of 2008 reflecting normal seasonal decline in activity offset in part by additional services associated with hurricane inspection, repair and maintenance activities in the Gulf of Mexico following Hurricanes Gustav and Ike. The results for the fourth quarter 2008 were significantly higher than the results achieved during the fourth quarter of 2007 primarily reflecting the contributions from the Horizon assets which were acquired in December, 2007, as well as additional service activity following Hurricanes Gustav and Ike.

Oil and Gas

	•		Oil and Gas revenues for the fourth quarter of 2008 were lower than the third quarter of 2008 primarily reflecting significantly lower production following Hurricanes Gustav and Ike as well as declines in both oil and natural gas prices. Production in fourth quarter of 2008 was 6.4 Bcfe compared with 10.5 Bcfe in third quarter 2008. The average prices realized for our gas sales volumes, including the effect of hedge contracts, totaled $6.32 per thousand cubic feet of gas (Mcf) in the fourth quarter of 2008 and $10.22 per Mcf in the third quarter of 2008. For our oil sales volumes we realized $49.08 per barrel in the fourth quarter of 2008 and $107.14 per barrel in the third quarter of 2008, including the effects of hedge contracts. As a result of Hurricanes Gustav and Ike, certain oil and gas contracts no longer qualified for hedge accounting treatment and an $11.5 million gain from the settlements of these contracts was recorded in other income in our consolidated statements of operations. In addition, our other income includes unrealized gains of $7.4 million associated with contracts that will settle in first quarter 2009.
	•		The Company’s current production has been restored to levels approximating those achieved pre-Hurricane Ike. As of February 24, 2009 our oil and gas production totaled approximately 132 million cubic feet of natural gas equivalent per day (MMcfe/d), which is more than 90% of pre-Hurricane Ike production rates, adjusting for the sale of our interest in the Bass Lite field
	•		The Company has previously announced a discovery at Garden Banks Block 426 (Bushwood) field in the deepwater of Gulf of Mexico. The well logged 273 feet of net hydrocarbons in deeper exploratory zones and the proved reserves associated with this discovery are included in the Company’s year-end 2008 estimates of proved reserves.
	•		Year-end 2008 proved reserves of oil and gas totaled 665 Bcfe as compared with 677 Bcfe at December 31, 2007. Reserve additions of 176 Bcfe from discoveries and field extensions resulting from 2008 drilling activities offset the approximate 140 Bcfe reduction of estimated proved reserves resulting from price declines, property sales and hurricane damage. In 2008, our reserve additions replaced 371% of our 2008 production (47.5 Bcfe). The average prices used in our proved reserve estimates were $42.76 per barrel of oil and $5.74 per Mcf of natural gas in 2008 as compared to $103.34 per barrel and $7.84 per Mcf in 2007. The present value of our total estimated proved reserves using the SEC mandated PV-10 standardized measure was approximately $1.9 billion at December 31, 2008 compared with $2.8 billion at December 31, 2007.

Other Expenses

	•		Selling, general and administrative expenses for the fourth quarter of 2008 were 7.8% of revenue, compared to 8.2% in the third quarter of 2008, and 9.0% in the fourth quarter of 2007. The improvement over the third quarter was a result of reduced spending measures initiated in light of the weaker economic environment.
	•		Net interest expense and other decreased to $13.2 million in the fourth quarter of 2008 from $23.5 million in the third quarter of 2008 due primarily to net hedging gains of $15.3 million and $4.6 million of lower foreign exchange losses during the fourth quarter of 2008. Net interest expense increased to $22.3 million in the fourth quarter compared with $19.8 million in third quarter 2008 due primarily to higher levels of gross debt.

Financial Condition and Liquidity

	•		Consolidated net debt at December 31, 2008 decreased to $1.84 billion from $1.87 billion as of September 30, 2008. Total debt associated with our Cal Dive consolidated subsidiary totaled $315 million, which is non-recourse to Helix. Net debt to book capitalization as of December 31, 2008 was 60%. (Net debt to book capitalization is a non-GAAP measure. See reconciliation attached hereto.)
	•		Capital expenditures for 2008 (including $83 million related to Cal Dive) totaled $855 million.
	•		The Company has taken the following actions to improve its financial condition and liquidity:

	•		Hedged a substantial level (approximately 73%) of estimated 2009 oil and gas production in order to stabilize the Company’s expected 2009 cash flow from its oil and gas operations.
	•		The Company’s planned 2009 capital budget has been reduced considerably from 2008 levels and is estimated to be $350 million to $400 million (of which $78 million relates to Cal Dive).
	•		In January 2009, the Company sold approximately 13.6 million shares of Cal Dive common stock to Cal Dive for proceeds totaling $86 million.
	•		Implemented certain cost control measures and other spending controls.

* * * * *

Further details are provided in the presentation for Helix’s quarterly conference call (see the Investor Relations page of www.HelixESG.com). The call, scheduled for 9:00 a.m. Central Standard Time on Wednesday, February 25, 2009, will be webcast live. If you wish to dial in to the call the telephone number is 800 475 0212 (Domestic) or 1-312 470 7004 (International). The pass code is Tripodo. A replay will be available from the Audio Archives page on our website.

Helix Energy Solutions, headquartered in Houston, Texas, is an international offshore energy company that provides development solutions and other key life of field services to the open energy market as well as to our own oil and gas business unit.

Management evaluates Company performance and financial condition using certain non-GAAP metrics, primarily Adjusted EBITDAX, net debt and net debt to book capitalization. We calculate Adjusted EBITDAX as earnings before net interest expense, taxes, depreciation and amortization and exploration expense. Further, we reduce Adjusted EBITDAX for the minority interest in Cal Dive that we do not own. Net debt is calculated as the sum of financial debt less cash on hand. Net debt to book capitalization is calculated by dividing net debt by the sum net debt, preferred stock and stockholders’ equity. These non-GAAP measures are useful to investors and other internal and external user of our financial statements in evaluating our operating performance because they are widely used by investors in our industry to measure a company’s operating performance without regard to items which can vary substantially from company to company, and help investors meaningfully compare our results from period to period. Adjusted EBITDAX should not be considered in isolation or as a substitute for, but instead is supplemental to, income from operations, net income or other income data prepared in accordance with GAAP. Non-GAAP financial measures should be viewed in addition to, and not as an alternative to our reported results prepared in accordance with GAAP. Users of this financial information should consider the types of events and transactions which are excluded.

This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any projections of revenue, gross margin, expenses, earnings or losses from operations, or other financial items; future production volumes, results of exploration, exploitation, development, acquisition and operations expenditures, and prospective reserve levels of property or wells; any statements of the plans, strategies and objectives of management for future operations; any statement concerning developments, performance or industry rankings; any statements regarding future economic conditions or performance; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include the performance of contracts by suppliers, customers and partners; employee management issues; complexities of global political and economic developments; geologic risks and other risks described from time to time in our reports filed with the Securities and Exchange Commission (“SEC”), including the company’s Annual Report on Form 10-K for the year ending December 31, 2007. We assume no obligation and do not intend to update these forward-looking statements.

HELIX ENERGY SOLUTIONS GROUP, INC.

Comparative Condensed Consolidated Statements of Operations

		Three Months Ended Dec. 31,								Twelve Months Ended Dec. 31,
(in thousands, except per share data)		2008				2007				2008				2007
		(unaudited)								(unaudited)
Net revenues:
Contracting services		$	494,880			$	330,550			$	1,602,496			$	1,182,882
Oil and gas			46,022				169,693				545,853				584,563
			540,902				500,243				2,148,349				1,767,445
Cost of sales:
Contracting services			363,586				233,442				1,161,227				789,988
Oil and gas			91,074				112,494				357,853				372,904
Oil and gas impairments			192,620				64,072				215,675				64,072
Exploration expense			27,072				20,177				32,926				26,725
			674,352				430,185				1,767,681				1,253,689
Gross profit (loss)			(133,450	)			70,058				380,668				513,756
Goodwill and other intangible impairments			714,988				—				714,988				—
Gain (loss) on sale of assets, net			(6,422	)			23,983				73,471				50,368
Selling and administrative expenses			42,303				45,246				184,708				151,380
Income (loss) from operations			(897,163	)			48,795				(445,557	)			412,744
Equity in earnings of investments			6,007				10,453				31,971				19,698
Gain on subsidiary equity transaction			—				151,696				—				151,696
Net interest expense and other			13,234				18,679				81,412				59,444
Income (loss) before income taxes			(904,390	)			192,265				(494,998	)			524,694
Provision (benefit) for income taxes			(64,396	)			63,217				89,977				174,928
Minority interest			19,320				7,755				45,873				29,288
Net income (loss)			(859,314	)			121,293				(630,848	)			320,478
Preferred stock dividends			550				881				3,192				3,716
Net income (loss) applicable to common shareholders		$	(859,864	)		$	120,412			$	(634,040	)		$	316,762
Weighted Avg. Common Shares Outstanding:
Basic			90,802				90,189				90,650				90,086
Diluted			90,802				96,880				90,650				95,938
Earnings (Loss) Per Common Share:
Basic		$	(9.47	)		$	1.34			$	($6.99	)		$	3.52
Diluted		$	(9.47	)		$	1.25			$	(6.99	)		$	3.34

Comparative Condensed Consolidated Balance Sheets

ASSETS

(in thousands)		Dec. 31, 2008				Dec. 31, 2007
		(unaudited)
Current Assets:
Cash and equivalents		$	223,613			$	89,555
Accounts receivable			551,664				512,132
Other current assets			175,030				125,582
Total Current Assets			950,307				727,269
Net Property & Equipment:
Contracting Services			1,877,942				1,507,463
Oil and Gas			1,541,648				1,737,225
Equity investments			197,287				213,429
Goodwill			366,218				1,089,758
Other assets, net			136,936				177,209
Total Assets		$	5,070,338			$	5,452,353

LIABILITIES & SHAREHOLDERS’ EQUITY

(in thousands)		Dec. 31, 2008				Dec. 31, 2007
		(unaudited)
Current Liabilities:
Accounts payable		$	346,235			$	382,767
Accrued liabilities			233,023				221,366
Current mat of L-T debt (1)			93,540				74,846
Total Current Liabilities			672,798				678,979
Long-term debt(1)			1,968,502				1,725,541
Deferred income taxes			604,464				625,508
Decommissioning liabilities			194,665				193,650
Other long-term liabilities			81,637				63,183
Minority interest			322,627				263,926
Convertible preferred stock (1)			55,000				55,000
Shareholders’ equity (1)			1,170,645				1,846,566
Total Liabilities & Equity		$	5,070,338			$	5,452,353

Helix Energy Solutions Group, Inc.
Reconciliation of Non GAAP Measures
Three and Twelve Months Ended December 31, 2008

Earnings Release:

Reconciliation From Net Income to Adjusted EBITDAX:

		4Q08				4Q07				3Q08				2008				2007
		(in thousands)
Net (loss) income applicable to common shareholders		$	(859,864	)		$	120,412			$	60,587			$	(634,040	)		$	316,762
Cal Dive gains			—				(98,602	)			—				—				(98,602	)
Non-cash impairment and other unusual items			907,608				64,072				6,027				930,663				72,674
Preferred stock dividends			550				881				881				3,192				3,716
Income tax provision (benefit)			(66,422	)			6,420				40,019				69,873				106,119
Net interest expense and other			10,963				17,796				21,303				72,074				56,703
Depreciation and amortization			79,299				97,195				70,275				306,047				320,235
Exploration expense			27,072				20,177				2,492				32,926				26,725
Adjusted EBITDAX		$	99,206			$	228,351			$	201,584			$	780,735			$	804,332

We calculate adjusted EBITDAX as earnings before net interest expense, taxes, depreciation and amortization, and exploration expense. Further, we reduce adjusted EBITDAX for the minority interest in Cal Dive that we do not own. These non-GAAP measures are useful to investors and other internal and external users of our financial statements in evaluating our operating performance because they are widely used by investors in our industry to measure a company’s operating performance without regard to items which can vary substantially from company to company and help investors meaningfully compare our results from period to period. Adjusted EBITDAX should not be considered in isolation or as a substitute for, but instead is supplemental to, income from operations, net income or other income data prepared in accordance with GAAP. Non-GAAP financial measures should be viewed in addition to, and not as an alternative to our reported results prepared in accordance with GAAP. Users of this financial information should consider the types of events and transactions which are excluded.

Helix Energy Solutions Group, Inc.
Reconciliation of Non GAAP Measures
Three and Twelve Months Ended December 31, 2008

Earnings Release:

Reconciliation of non-cash impairments and other unusual items:

		4Q08				4Q07
		(in thousands)				(in thousands)
Non-cash goodwill and other intangible impairments:
Goodwill and other intangible impairments		$	714,988			$	—
Non-cash goodwill and other intangible mpairments, net:		$	714,988			$	—
Diluted shares			90,802				96,880
Per share		$	7.87			$	—
Non-cash property impairments:
Property impairments			192,620				64,072
Tax provision on property impairments			(67,417	)			(22,425	)
Non-cash property impairments, net:		$	125,203			$	41,647
Diluted shares			90,802				96,880
Per share		$	1.38			$	0.43
Non-cash impairments and other unusual items:
Exploration expense		$	27,072			$	20,177
Tax provision on exploration expense			(9,475	)			(7,062	)
Non-cash impairments, net:		$	17,597			$	13,115
Diluted shares			90,802				96,880
Per share		$	0.19			$	0.14
Non-cash impairments and other unusual items:
Suspended exploratory wells		$	18,579			$	—
Tax provision on suspended exploratory wells			(6,503	)			—
Non-cash impairments, net:		$	12,076			$	—
Diluted shares			90,802				96,880
Per share		$	0.13			$	—
Non-cash impairments and other unusual items:
Unproved properties		$	8,023			$	—
Tax provision on unproved properties			(2,808	)			—
Non-cash impairments, net:		$	5,215			$	—
Diluted shares			90,802				96,880
Per share		$	0.06			$	—
Bass Lite sale
Bass Lite sale		$	6,734			$	—
Tax provision on Bass Lite sale			(2,357	)			—
Non-cash impairments, net:		$	4,377			$	—
Diluted shares			90,802				96,880
Per share		$	0.05			$	—

Exhibit 99.2