XML 25 R5.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 28,372 $ 5,204
Accounts receivable, net 93,636 89,038
Inventories 5,736 7,537
Prepaid expenses 5,473 7,464
Other current assets 1,222 1,210
Total current assets 134,439 110,453
Property, plant and equipment, net 195,617 204,897
Goodwill 7,051 7,001
Other intangible assets, net 65,288 66,502
Operating lease right-of-use assets 13,296 9,401
Other noncurrent assets 8,061 6,818
Total assets 423,752 405,072
Current liabilities:    
Accounts payable 38,695 39,971
Accrued liabilities 26,076 34,933
Income taxes payable 8,888 10,853
Deferred revenue 2,578 2,501
Other current liabilities 4,909 4,388
Total current liabilities 81,146 92,646
Long-term debt 87,367 43,299
Deferred income taxes 3,071 3,558
Operating lease liabilities 10,035 6,655
Other noncurrent liabilities 21,395 21,916
Total liabilities 203,014 168,074
Shareholders’ Equity:    
Common shares (no par value; 46,000,000 shares authorized, 13,979,419 shares and 14,067,721 shares issued, respectively, and 13,541,424 shares and 13,653,647 shares outstanding, respectively) 0 0
Additional paid-in capital 1,632,420 1,631,823
Accumulated deficit (997,400) (980,720)
Common shares held in treasury at cost, 437,995 and 414,074 shares, respectively (10,775) (10,130)
Accumulated other comprehensive loss (403,507) (404,600)
Total Civeo Corporation shareholders’ equity 220,738 236,373
Noncontrolling interest 0 625
Total shareholders’ equity 220,738 236,998
Total liabilities and shareholders’ equity $ 423,752 $ 405,072