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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 8,361 $ 6,282
Accounts receivable, net 122,280 114,859
Inventories 6,984 6,468
Prepaid expenses 9,487 6,876
Other current assets 3,850 10,946
Assets held for sale 13,759 11,762
Total current assets 164,721 157,193
Property, plant and equipment, net 309,752 389,996
Goodwill 7,322 8,204
Other intangible assets, net 81,997 93,642
Operating lease right-of-use assets 14,267 18,327
Other noncurrent assets 5,270 5,372
Total assets 583,329 672,734
Current liabilities:    
Accounts payable 46,225 49,321
Accrued liabilities 32,432 33,564
Income taxes 111 171
Current portion of long-term debt 27,964 30,576
Deferred revenue 2,092 18,479
Other current liabilities 8,900 4,807
Total current liabilities 117,724 136,918
Long-term debt, less current maturities 96,727 142,602
Deferred income taxes 7,344 896
Operating lease liabilities 11,669 15,429
Other noncurrent liabilities 13,668 13,778
Total liabilities 247,132 309,623
Commitments and contingencies (Note 10)
Shareholders’ Equity:    
Preferred shares (Class A Series 1, no par value; 50,000,000 shares authorized, 9,042 shares issued and outstanding, aggregate liquidation preference of $98,907,587 and $97,438,687 as of September 30, 2022 and December 31, 2021, respectively) 63,410 61,941
Common shares (no par value; 46,000,000 shares authorized, 14,079,336 shares and 14,431,819 shares issued, respectively, and 13,712,661 shares and 14,111,221 shares outstanding, respectively) 0 0
Additional paid-in capital 1,585,303 1,582,442
Accumulated deficit (911,934) (912,951)
Common shares held in treasury at cost, 366,675 and 320,598 shares, respectively (9,063) (8,050)
Accumulated other comprehensive loss (394,408) (361,883)
Total Civeo Corporation shareholders’ equity 333,308 361,499
Noncontrolling interest 2,889 1,612
Total shareholders’ equity 336,197 363,111
Total liabilities and shareholders’ equity $ 583,329 $ 672,734