Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 63,855 $ 95,195
Restricted cash 2,240 1,657
Receivables:    
Trade, net of allowance for doubtful accounts of $455 and $860 in 2019 and 2018, respectively 67,900 64,125
Other 9,078 12,082
Inventories 4,139 3,443
Prepaid expenses and other 4,597 2,530
Total current assets 151,809 179,032
Property and Equipment:    
Historical cost 1,294,945 1,242,733
Accumulated depreciation (579,441) (561,272)
Property and equipment 715,504 681,461
Construction in progress 63,301 88,918
Net property and equipment 778,805 770,379
Right-of-Use Asset - Operating Leases 30,503  
Investments, at Equity, and Advances to 50% or Less Owned Companies 119,520 121,773
Construction Reserve Funds 28,109 28,061
Other Assets 3,603 3,690
Total assets 1,112,349 1,102,935
Current Liabilities:    
Current portion of operating lease liabilities 17,918  
Current portion of long-term debt 17,426 16,812
Accounts payable and accrued expenses 27,263 19,370
Due to SEACOR Holdings 535 452
Accrued wages and benefits 4,280 5,025
Accrued income taxes 2,650 1,917
Accrued capital, repair and maintenance expenditures 20,817 18,886
Deferred revenues 3,601 1,327
Other current liabilities 16,219 19,828
Total current liabilities 110,709 83,617
Long-Term Operating Lease Liabilities 19,851  
Long-Term Debt 384,344 387,854
Conversion Option Liability on Convertible Senior Notes 6,201 5,276
Deferred Income Taxes 41,831 44,682
Deferred Gains and Other Liabilities 7,290 26,571
Total liabilities 570,226 548,000
SEACOR Marine Holdings Inc. stockholders’ equity:    
Common stock, $.01 par value, 60,000,000 shares authorized; 21,104,837 and 20,443,215 shares issued in 2019 and 2018, respectively 211 204
Additional paid-in capital 422,830 415,372
Retained earnings 111,701 126,834
Shares held in treasury of 25,558 and 4,007, respectively, at cost (373) (91)
Accumulated other comprehensive loss, net of tax (16,812) (16,788)
Total stockholders equity 517,557 525,531
Noncontrolling interests in subsidiaries 24,566 29,404
Total equity 542,123 554,935
Total liabilities and equity $ 1,112,349 $ 1,102,935