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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 5,558 $ 3,331
Accounts receivable, net 91,874 99,493
Inventories 6,050 5,877
Prepaid expenses 4,996 7,247
Other current assets 11,378 7,904
Assets held for sale 6,332 7,589
Total current assets 126,188 131,441
Property, plant and equipment, net 465,087 590,309
Goodwill 6,909 110,173
Other intangible assets, net 98,944 111,837
Operating lease right-of-use assets 21,558 24,876
Other noncurrent assets 837 1,276
Total assets 719,523 969,912
Current liabilities:    
Accounts payable 43,258 36,971
Accrued liabilities 16,163 21,755
Income taxes 448 328
Current portion of long-term debt 32,142 35,080
Deferred revenue 8,250 7,165
Other current liabilities 5,785 8,741
Total current liabilities 106,046 110,040
Long-term debt, less current maturities 280,939 321,792
Deferred income taxes 0 9,452
Operating lease liabilities 18,527 21,231
Other noncurrent liabilities 17,066 16,592
Total liabilities 422,578 479,107
Commitments and contingencies (Note 12)
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 $94,096 and $93,627 as of March 31, 2020 and December 31, 2019) 58,597 58,129
Common shares (no par value; 550,000,000 shares authorized, 173,712,510 shares and 171,656,039 shares issued, respectively, and 170,592,246 shares and 169,556,403 shares outstanding, respectively) 0 0
Additional paid-in capital 1,574,457 1,572,249
Accumulated deficit (918,128) (771,590)
Common shares held in treasury at cost, 3,120,264 and 2,099,636 shares, respectively (6,914) (5,472)
Accumulated other comprehensive loss (411,619) (363,173)
Total Civeo Corporation shareholders’ equity 296,393 490,143
Noncontrolling interest 552 662
Total shareholders’ equity 296,945 490,805
Total liabilities and shareholders’ equity $ 719,523 $ 969,912