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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 16,752 $ 3,323
Accounts receivable, net 131,478 143,222
Inventories 7,233 6,982
Prepaid expenses 6,088 8,439
Other current assets 3,521 7,407
Assets held for sale 3,800 5,873
Total current assets 168,872 175,246
Property, plant and equipment, net 245,840 270,563
Goodwill 7,360 7,690
Other intangible assets, net 74,688 77,999
Operating lease right-of-use assets 12,738 12,286
Other noncurrent assets 3,572 4,278
Total assets 513,070 548,062
Current liabilities:    
Accounts payable 48,641 58,699
Accrued liabilities 26,127 40,523
Income taxes 7,426 3,831
Deferred revenue 4,492 4,849
Other current liabilities 6,167 6,334
Total current liabilities 92,853 114,236
Long-term debt 78,597 65,554
Deferred income taxes 9,046 11,803
Operating lease liabilities 9,447 9,264
Other noncurrent liabilities 23,017 24,167
Total liabilities 212,960 225,024
Shareholders’ Equity:    
Common shares (no par value; 46,000,000 shares authorized, 15,037,791 shares and 15,046,756 shares issued, respectively, and 14,623,717 shares and 14,680,081 shares outstanding, respectively) 0 0
Additional paid-in capital 1,629,521 1,628,972
Accumulated deficit (931,135) (919,023)
Common shares held in treasury at cost, 414,074 and 366,675 shares, respectively (10,130) (9,063)
Accumulated other comprehensive loss (390,877) (380,715)
Total Civeo Corporation shareholders’ equity 297,379 320,171
Noncontrolling interest 2,731 2,867
Total shareholders’ equity 300,110 323,038
Total liabilities and shareholders’ equity $ 513,070 $ 548,062