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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 6,155 $ 3,331
Accounts receivable, net 89,782 99,493
Inventories 6,181 5,877
Prepaid expenses 7,020 7,247
Other current assets 6,165 7,904
Assets held for sale  3,910 7,589
Total current assets 119,213 131,441
Property, plant and equipment, net 486,930 590,309
Goodwill 8,729 110,173
Other intangible assets, net 99,749 111,837
Operating lease right-of-use assets 22,606 24,876
Other noncurrent assets 3,626 1,276
Total assets 740,853 969,912
Current liabilities:    
Accounts payable 42,056 36,971
Accrued liabilities 27,349 21,755
Income taxes 203 328
Current portion of long-term debt 34,585 35,080
Deferred revenue 6,812 7,165
Other current liabilities 5,760 8,741
Total current liabilities 116,765 110,040
Long-term debt, less current maturities 214,000 321,792
Deferred income taxes 0 9,452
Operating lease liabilities 19,834 21,231
Other noncurrent liabilities 14,897 16,592
Total liabilities 365,496 479,107
Commitments and contingencies (Note 16)
Shareholders’ Equity:    
Preferred shares (Class A Series 1, no par value; 50,000,000 shares authorized, 9,042 shares issued and outstanding, respectively; aggregate liquidation preference of $95,514,031 and $93,627,392 as of December 31, 2020 and 2019) 60,016 58,129
Common shares (no par value; 46,000,000 (1) shares authorized, 14,478,878 shares and 14,304,670 shares issued, respectively, and 14,215,169 shares and 14,129,700 shares outstanding, respectively) 0 0
Additional paid-in capital 1,578,315 1,572,249
Accumulated deficit (907,727) (771,590)
Common shares held in treasury at cost, 263,709 and 174,970 shares, respectively (6,930) (5,472)
Accumulated other comprehensive loss (348,989) (363,173)
Total Civeo Corporation shareholders’ equity 374,685 490,143
Noncontrolling interest 672 662
Total shareholders’ equity 375,357 490,805
Total liabilities and shareholders’ equity $ 740,853 $ 969,912