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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 39,963 $ 37,619
Restricted cash 3,082 3,601
Receivables:    
Trade, net of allowance for credit loss accounts of $1,650 and $1,312 in 2022 and 2021, respectively 54,388 55,544
Other 7,638 6,118
Note receivable 15,000  
Tax receivable 578 1,238
Inventories 2,123 928
Prepaid expenses and other 3,054 3,730
Assets held for sale 6,750 2,235
Total current assets 132,576 111,013
Property and Equipment:    
Historical cost [1] 967,683 1,008,080
Accumulated depreciation (310,778) (302,328)
Property and equipment 656,905 705,752
Construction in progress 8,111 15,531
Net property and equipment 665,016 721,283
Right-of-use asset - operating leases 6,206 6,608
Right-of-use asset - finance leases 6,813 100
Investments, at equity, and advances to 50% or less owned companies 3,024 71,727
Other assets 1,995 1,771
Total assets 815,630 912,502
Current Liabilities:    
Current portion of operating lease liabilities 2,358 [2] 1,986
Current portion of finance lease liabilities 468 33
Current portion of long-term debt:    
Recourse 61,512 31,602
Accounts payable and accrued expenses 37,954 28,419
Due to SEACOR Holdings 264 274
Accrued wages and benefits 4,361 3,711
Accrued interest 2,305 2,273
Accrued capital, repair and maintenance expenditures 2,748 2,438
Deferred revenue and unearned revenue 2,333 1,606
Accrued insurance deductibles and premiums 2,428 2,720
Accrued professional fees 1,114 1,214
Derivatives   1,831
Other current liabilities 3,580 6,558
Total current liabilities 121,425 84,665
Long-term operating lease liabilities 4,739 [2] 4,885
Long-term finance lease liabilities 6,781 76
Long-term Debt:    
Recourse 254,653 327,300
Non-recourse 5,466 5,462
Deferred income taxes 40,779 40,682
Deferred gains and other liabilities 2,641 2,891
Total liabilities 436,484 465,961
SEACOR Marine Holdings Inc. stockholders' equity:    
Common stock, $.01 par value, 60,000,000 shares authorized; 26,950,759 and 26,120,124 shares issued in 2022 and 2021, respectively 272 262
Additional paid-in capital 466,669 461,931
Accumulated deficit (93,111) (22,907)
Shares held in treasury of 248,638 and 127,887 in 2022 and 2021, respectively, at cost (1,852) (1,120)
Accumulated other comprehensive income, net of tax 6,847 8,055
Total stockholders equity 378,825 446,221
Noncontrolling interests in subsidiaries 321 320
Total equity 379,146 446,541
Total liabilities and equity $ 815,630 $ 912,502
[1] Includes property and equipment acquired in business acquisitions at acquisition date fair value and net of the impact of recognized impairment charges. Some of the Company’s vessels are pledged as security for certain loans.
[2] In January 2023, the Company terminated an agreement for one leased-in AHTS that will result in a $0.7 million reduction of operating lease payments in 2023.