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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 7,435 $ 3,323
Accounts receivable, net 124,337 143,222
Inventories 8,353 6,982
Prepaid expenses 9,093 8,439
Other current assets 2,375 7,407
Assets held for sale 0 5,873
Total current assets 151,593 175,246
Property, plant and equipment, net 236,842 270,563
Goodwill 7,538 7,690
Other intangible assets, net 72,707 77,999
Operating lease right-of-use assets 11,709 12,286
Other noncurrent assets 2,845 4,278
Total assets 483,234 548,062
Current liabilities:    
Accounts payable 47,151 58,699
Accrued liabilities 32,207 40,523
Income taxes payable 9,685 3,831
Deferred revenue 4,187 4,849
Other current liabilities 4,855 6,334
Total current liabilities 98,085 114,236
Long-term debt 47,489 65,554
Deferred income taxes 7,176 11,803
Operating lease liabilities 8,571 9,264
Other noncurrent liabilities 22,525 24,167
Total liabilities 183,846 225,024
Shareholders’ Equity:    
Common shares (no par value; 46,000,000 shares authorized, 14,790,667 shares and 15,046,756 shares issued, respectively, and 14,376,593 shares and 14,680,081 shares outstanding, respectively) 0 0
Additional paid-in capital 1,630,130 1,628,972
Accumulated deficit (933,346) (919,023)
Common shares held in treasury at cost, 414,074 and 366,675 shares, respectively (10,130) (9,063)
Accumulated other comprehensive loss (389,229) (380,715)
Total Civeo Corporation shareholders’ equity 297,425 320,171
Noncontrolling interest 1,963 2,867
Total shareholders’ equity 299,388 323,038
Total liabilities and shareholders’ equity $ 483,234 $ 548,062