Balance Sheet

v3.8.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 62,738 $ 110,234
Restricted cash 2,316 2,317
Receivables:    
Trade, net of allowance for doubtful accounts of $3,858 and $4,039 in 2018 and 2017, respectively 45,664 45,616
Other 17,039 12,341
Inventories 3,975 3,756
Prepaid expenses and other 3,613 3,026
Total current assets 135,345 177,290
Property and Equipment:    
Historical cost 1,320,496 1,179,836
Accumulated depreciation (580,461) (560,160)
740,035 619,676
Construction in progress 80,682 70,157
Net property and equipment 820,717 689,833
Investments, at Equity, and Advances to 50% or Less Owned Companies 112,219 92,169
Construction Reserve Funds 45,361 45,361
Other Assets 3,736 3,851
1,117,378 1,008,504
Current Liabilities:    
Current portion of long-term debt 22,858 22,858
Accounts payable and accrued expenses 25,551 24,024
Due to SEACOR Holdings 1,583 1,358
Accrued wages and benefits 4,958 5,087
Accrued income taxes 4,339 4,290
Accrued capital, repair and maintenance expenditures 23,818 19,618
Deferred revenues 9,430 10,104
Other current liabilities 12,820 11,879
Total current liabilities 105,357 99,218
Long-Term Debt 405,234 292,041
Conversion Option Liability on Convertible Senior Notes 18,991 6,832
Deferred Income Taxes 56,024 55,506
Deferred Gains and Other Liabilities 28,600 31,741
Total liabilities 614,206 485,338
SEACOR Marine Holdings Inc. stockholders’ equity:    
Common stock, $.01 par value, 60,000,000 shares authorized; 17,786,569 and 17,675,356 shares issued in 2018 and 2017 178 177
Additional paid-in capital 306,639 303,996
Retained earnings 175,609 216,511
Accumulated other comprehensive loss, net of tax (10,424) (12,493)
472,002 508,191
Noncontrolling interest 31,170 14,975
Total equity 503,172 523,166
$ 1,117,378 $ 1,008,504

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