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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 5,204 $ 3,323
Accounts receivable, net 89,038 143,222
Inventories 7,537 6,982
Prepaid expenses 7,464 8,439
Other current assets 1,210 7,407
Assets held for sale  0 5,873
Total current assets 110,453 175,246
Property, plant and equipment, net 204,897 270,563
Goodwill 7,001 7,690
Other intangible assets, net 66,502 77,999
Operating lease right-of-use assets 9,401 12,286
Other noncurrent assets 6,818 4,278
Total assets 405,072 548,062
Current liabilities:    
Accounts payable 39,971 58,699
Accrued liabilities 34,933 40,523
Income taxes 10,853 3,831
Deferred revenue 2,501 4,849
Other current liabilities 4,388 6,334
Total current liabilities 92,646 114,236
Long-term debt, less current maturities 43,299 65,554
Deferred income taxes 3,558 11,803
Operating lease liabilities 6,655 9,264
Other noncurrent liabilities 21,916 24,167
Total liabilities 168,074 225,024
Commitments and contingencies (Note 15)
Shareholders’ equity:    
Common shares (no par value; 46,000,000 shares authorized, 14,067,721 shares and 15,046,756 shares issued, respectively, and 13,653,647 shares and 14,680,081 shares outstanding, respectively) 0 0
Additional paid-in capital 1,631,823 1,628,972
Accumulated deficit (980,720) (919,023)
Common shares held in treasury at cost, 414,074 and 366,675 shares, respectively (10,130) (9,063)
Accumulated other comprehensive loss (404,600) (380,715)
Total Civeo Corporation shareholders’ equity 236,373 320,171
Noncontrolling interest 625 2,867
Total shareholders’ equity 236,998 323,038
Total liabilities and shareholders’ equity $ 405,072 $ 548,062