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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,323 $ 7,954
Accounts receivable, net 143,222 119,755
Inventories 6,982 6,907
Prepaid expenses 8,439 7,199
Other current assets 7,407 3,081
Assets held for sale  5,873 8,653
Total current assets 175,246 153,549
Property, plant and equipment, net 270,563 301,890
Goodwill 7,690 7,672
Other intangible assets, net 77,999 81,747
Operating lease right-of-use assets 12,286 15,722
Other noncurrent assets 4,278 5,604
Total assets 548,062 566,184
Current liabilities:    
Accounts payable 58,699 51,087
Accrued liabilities 40,523 39,211
Income taxes 3,831 178
Current portion of long-term debt 0 28,448
Deferred revenue 4,849 991
Other current liabilities 6,334 8,342
Total current liabilities 114,236 128,257
Long-term debt, less current maturities 65,554 102,505
Deferred income taxes 11,803 4,778
Operating lease liabilities 9,264 12,771
Other noncurrent liabilities 24,167 14,172
Total liabilities 225,024 262,483
Commitments and contingencies (Note 15)
Shareholders’ equity:    
Preferred shares (Class A Series 1) 0 0
Common shares (no par value; 46,000,000 shares authorized, 15,046,756 shares and 15,584,176 shares issued, respectively, and 14,680,081 shares and 15,217,501 shares outstanding, respectively) 0 0
Additional paid-in capital 1,628,972 1,624,512
Accumulated deficit (919,023) (930,123)
Common shares held in treasury at cost, 366,675 and 366,675 shares, respectively (9,063) (9,063)
Accumulated other comprehensive loss (380,715) (385,187)
Total Civeo Corporation shareholders’ equity 320,171 300,139
Noncontrolling interest 2,867 3,562
Total shareholders’ equity 323,038 303,701
Total liabilities and shareholders’ equity $ 548,062 $ 566,184