Balance Sheet

v3.10.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 102,864 $ 110,234
Restricted cash 1,655 2,317
Receivables:    
Trade, net of allowance for doubtful accounts of $4,077 and $4,039 in 2018 and 2017, respectively 75,349 45,616
Other 16,552 12,341
Inventories 3,646 3,756
Prepaid expenses and other 2,692 3,026
Total current assets 202,758 177,290
Property and Equipment:    
Historical cost 1,279,000 1,179,836
Accumulated depreciation (568,752) (560,160)
710,248 619,676
Construction in progress 82,953 70,157
Net property and equipment 793,201 689,833
Investments, at Equity, and Advances to 50% or Less Owned Companies 120,340 92,169
Construction Reserve Funds 35,596 45,361
Other Assets 3,582 3,851
1,155,477 1,008,504
Current Liabilities:    
Current portion of long-term debt 17,426 22,858
Accounts payable and accrued expenses 20,480 24,024
Due to SEACOR Holdings 463 1,358
Accrued wages and benefits 4,497 5,087
Accrued income taxes 4,454 4,290
Accrued capital, repair and maintenance expenditures 27,812 19,618
Deferred revenues 9,754 10,104
Other current liabilities 17,255 11,879
Total current liabilities 102,141 99,218
Long-Term Debt 397,738 292,041
Conversion Option Liability on Convertible Senior Notes 17,928 6,832
Deferred Income Taxes 46,120 55,506
Deferred Gains and Other Liabilities 26,662 31,741
Total liabilities 590,589 485,338
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 414,460 303,996
Retained earnings 134,628 216,511
Shares held in treasury (86)
Accumulated other comprehensive loss, net of tax (13,945) (12,493)
535,261 508,191
Noncontrolling interests in subsidiaries 29,627 14,975
Total equity 564,888 523,166
$ 1,155,477 $ 1,008,504

Source