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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current Assets:    
Cash and cash equivalents $ 301,895 $ 403,463
Restricted cash and cash equivalents (Note 1) 157,911 197,861
Investments 173,469 209,463
Accounts receivable-trade, net (Note 1) 357,242 323,497
Accounts receivable-other 52,291 28,447
Contracts in progress 165,603 65,853
Deferred income taxes 20,170 10,323
Assets held for sale (Note 2) 13,875 10,161
Other current assets 42,889 36,570
Total Current Assets 1,285,345 1,285,638
Property, Plant and Equipment 1,863,865 1,720,040
Less accumulated depreciation (842,930) (804,471)
Net Property, Plant and Equipment 1,020,935 915,569
Assets Held for Sale (Note 2) 78,110 77,150
Investments 65,151 75,742
Goodwill 41,202 41,202
Investments in Unconsolidated Affiliates 46,524 45,016
Other Assets 170,030 158,371
Total Assets 2,707,297 2,598,688
Current Liabilities:    
Notes payable and current maturities of long-term debt 7,357 8,547
Accounts payable 280,450 252,974
Accrued liabilities 287,983 286,831
Advance billings on contracts 92,422 250,053
Deferred income taxes 3,479 12,849
Income taxes payable 56,591 32,851
Liabilities associated with assets held for sale (Note 2) 22,912 20,902
Total Current Liabilities 751,194 865,007
Long-Term Debt 74,505 46,748
Self-Insurance 37,590 35,655
Pension Liability 44,495 52,831
Other Liabilities 102,445 86,180
Commitments and Contingencies (Note 9)    
Stockholders' Equity:    
Common stock, par value $1.00 per share, authorized 400,000,000 shares; issued 242,152,460 and 240,791,473 shares at June 30, 2011 and December 31, 2010, respectively 242,152 240,791
Capital in excess of par value 1,368,570 1,357,316
Retained earnings 238,121 100,373
Treasury stock, at cost, 7,185,432 and 6,906,262 shares at June 30, 2011 and December 31, 2010, respectively (92,770) (85,735)
Accumulated other comprehensive loss (129,369) (163,717)
Stockholders' Equity-McDermott International, Inc. 1,626,704 1,449,028
Noncontrolling Interests 70,364 63,239
Total Equity 1,697,068 1,512,267
Total Liabilities and Equity $ 2,707,297 $ 2,598,688