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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Current Assets:  
Cash and cash equivalents$ 403,589$ 403,463
Restricted cash and cash equivalents14,297197,861
Investments159,086209,463
Accounts receivable-trade, net296,303323,497
Accounts receivable-other36,35428,447
Contracts in progress300,33165,853
Deferred income taxes13,10210,323
Assets held for sale20,63010,161
Other current assets44,07136,570
Total Current Assets1,287,7631,285,638
Property, Plant and Equipment1,923,7331,720,040
Less accumulated depreciation(840,365)(804,471)
Net Property, Plant and Equipment1,083,368915,569
Assets Held for Sale76,31577,150
Investments41,86075,742
Goodwill41,20241,202
Investments in Unconsolidated Affiliates45,50545,016
Other Assets183,788158,371
Total Assets2,759,8012,598,688
Current Liabilities:  
Notes payable and current maturities of long-term debt6,6158,547
Accounts payable299,535252,974
Accrued liabilities311,021286,831
Advance billings on contracts103,896250,053
Deferred income taxes3,96912,849
Income taxes payable46,03432,851
Liabilities associated with assets held for sale23,28820,902
Total Current Liabilities794,358865,007
Long-Term Debt82,47846,748
Self-Insurance39,04035,655
Pension Liability43,48852,831
Other Liabilities99,34286,180
Commitments and Contingencies  
Stockholders' Equity:  
Common stock, par value $1.00 per share, authorized 400,000,000 shares; issued 242,251,921 and 240,791,473 shares at September 30, 2011 and December 31, 2010, respectively242,252240,791
Capital in excess of par value1,372,9681,357,316
Retained earnings249,072100,373
Treasury stock, at cost, 7,308,140 and 6,906,262 shares at September 30, 2011 and December 31, 2010, respectively(95,261)(85,735)
Accumulated other comprehensive loss(142,980)(163,717)
Stockholders' Equity-McDermott International, Inc.1,626,0511,449,028
Noncontrolling Interests75,04463,239
Total Equity1,701,0951,512,267
Total Liabilities and Equity$ 2,759,801$ 2,598,688