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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,331 $ 12,372
Accounts receivable, net 99,493 70,223
Inventories 5,877 4,313
Prepaid expenses 7,247 7,036
Other current assets 7,904 3,556
Assets held for sale 7,589 10,297
Total current assets 131,441 107,797
Property, plant and equipment, net 590,309 658,905
Goodwill 110,173 114,207
Other intangible assets, net 111,837 119,409
Operating lease right-of-use assets 24,876 0
Other noncurrent assets 1,276 1,359
Total assets 969,912 1,001,677
Current liabilities:    
Accounts payable 36,971 28,334
Accrued liabilities 21,755 15,956
Income taxes 328 310
Current portion of long-term debt 35,080 33,329
Deferred revenue 7,165 3,035
Other current liabilities 8,741 5,719
Total current liabilities 110,040 86,683
Long-term debt, less current maturities 321,792 342,908
Deferred income taxes 9,452 18,442
Operating lease liabilities 21,231 0
Other noncurrent liabilities 16,592 18,220
Total liabilities 479,107 466,253
Commitments and contingencies (Note 17)
Shareholders’ Equity:    
Preferred shares (Class A Series 1, no par value; 50,000,000 shares authorized, 9,042 shares issued and outstanding, respectively; aggregate liquidation preference of $93,627,392 and $98,243,690 as of December 31, 2019 and 2018) 58,129 56,280
Common shares (no par value; 550,000,000 shares authorized, 171,656,039 shares and 166,392,479 shares issued, respectively, and 169,556,403 shares and 165,932,334 shares outstanding, respectively) 0 0
Additional paid-in capital 1,572,249 1,562,133
Accumulated deficit (771,590) (710,551)
Common shares held in treasury at cost, 2,099,636 and 460,145 shares, respectively (5,472) (1,189)
Accumulated other comprehensive loss (363,173) (371,249)
Total Civeo Corporation shareholders’ equity 490,143 535,424
Noncontrolling interest 662 0
Total shareholders’ equity 490,805 535,424
Total liabilities and shareholders’ equity $ 969,912 $ 1,001,677