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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 17,910 $ 3,323
Accounts receivable, net 106,707 143,222
Inventories 8,769 6,982
Prepaid expenses 10,901 8,439
Other current assets 1,219 7,407
Assets held for sale 0 5,873
Total current assets 145,506 175,246
Property, plant and equipment, net 233,864 270,563
Goodwill 7,812 7,690
Other intangible assets, net 72,426 77,999
Operating lease right-of-use assets 10,985 12,286
Other noncurrent assets 7,043 4,278
Total assets 477,636 548,062
Current liabilities:    
Accounts payable 48,497 58,699
Accrued liabilities 36,485 40,523
Income taxes payable 14,026 3,831
Deferred revenue 2,792 4,849
Other current liabilities 5,039 6,334
Total current liabilities 106,839 114,236
Long-term debt 50,078 65,554
Deferred income taxes 5,241 11,803
Operating lease liabilities 7,915 9,264
Other noncurrent liabilities 23,619 24,167
Total liabilities 193,692 225,024
Shareholders’ Equity:    
Common shares (no par value; 46,000,000 shares authorized, 14,275,876 shares and 15,046,756 shares issued, respectively, and 13,861,802 shares and 14,680,081 shares outstanding, respectively) 0 0
Additional paid-in capital 1,630,851 1,628,972
Accumulated deficit (956,545) (919,023)
Common shares held in treasury at cost, 414,074 and 366,675 shares, respectively (10,130) (9,063)
Accumulated other comprehensive loss (382,017) (380,715)
Total Civeo Corporation shareholders’ equity 282,159 320,171
Noncontrolling interest 1,785 2,867
Total shareholders’ equity 283,944 323,038
Total liabilities and shareholders’ equity $ 477,636 $ 548,062