Balance Sheet

v3.10.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 86,239 $ 110,234
Restricted cash 1,951 2,317
Receivables:    
Trade, net of allowance for doubtful accounts of $4,001 and $4,039 in 2018 and 2017, respectively 57,658 45,616
Other 16,039 12,341
Inventories 3,666 3,756
Prepaid expenses and other 4,090 3,026
Total current assets 169,643 177,290
Property and Equipment:    
Historical cost 1,287,855 1,179,836
Accumulated depreciation (564,477) (560,160)
723,378 619,676
Construction in progress 82,274 70,157
Net property and equipment 805,652 689,833
Investments, at Equity, and Advances to 50% or Less Owned Companies 115,424 92,169
Construction Reserve Funds 38,152 45,361
Other Assets 3,667 3,851
1,132,538 1,008,504
Current Liabilities:    
Current portion of long-term debt 22,858 22,858
Accounts payable and accrued expenses 23,774 24,024
Due to SEACOR Holdings 746 1,358
Accrued wages and benefits 4,986 5,087
Accrued income taxes 4,352 4,290
Accrued capital, repair and maintenance expenditures 24,462 19,618
Deferred revenues 10,227 10,104
Other current liabilities 12,442 11,879
Total current liabilities 103,847 99,218
Long-Term Debt 348,912 292,041
Conversion Option Liability on Convertible Senior Notes 21,886 6,832
Deferred Income Taxes 49,789 55,506
Deferred Gains and Other Liabilities 27,289 31,741
Total liabilities 551,723 485,338
SEACOR Marine Holdings Inc. stockholders’ equity:    
Common stock, $.01 par value, 60,000,000 shares authorized; 20,441,590 and 17,675,356 shares issued in 2018 and 2017, respectively 204 177
Additional paid-in capital 413,754 303,996
Retained earnings 150,585 216,511
Shares held in treasury (54)
Accumulated other comprehensive loss, net of tax (13,129) (12,493)
551,360 508,191
Noncontrolling interests in subsidiaries 29,455 14,975
Total equity 580,815 523,166
$ 1,132,538 $ 1,008,504

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