CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012		Dec. 31, 2011
Current Assets:
Cash and cash equivalents	$ 640,147		$ 570,854
Restricted cash and cash equivalents	18,116		21,962
Investments	19,242		109,522
Accounts receivable-trade, net	428,800		445,808
Accounts receivable-other	75,461		53,386
Contracts in progress	560,154		287,390
Deferred income taxes	9,765		11,931
Assets held for sale	2,679		3,197
Other current assets	35,425		33,135
Total Current Assets	1,789,789		1,537,185
Property, Plant and Equipment	2,115,176		1,958,877
Less accumulated depreciation	(833,385)		(857,012)
Net Property, Plant and Equipment	1,281,791	[1]	1,101,865	[1]
Assets Held for Sale	26,758		55,571
Investments	26,750		29,484
Goodwill	41,202		41,202
Investments in Unconsolidated Affiliates	37,435		42,659
Other Assets	129,902		184,848
Total assets	3,333,627		2,992,814
Current Liabilities:
Notes payable and current maturities of long-term debt	14,146		8,941
Accounts payable	400,007		315,514
Accrued liabilities	108,963		116,051
Accrued employee-related benefits	57,391		29,072
Accrued contract costs	203,064		164,392
Advance billings on contracts	241,696		320,438
Deferred income taxes	10,758		13,187
Income taxes payable	76,986		54,181
Total Current Liabilities	1,113,011		1,021,776
Long-Term Debt	88,562		84,794
Self-Insurance	22,641		23,585
Pension Liability	25,069		21,295
Other Liabilities	132,239		107,652
Commitments and Contingencies
Stockholders' Equity:
Common stock, par value $1.00 per share, authorized 400,000,000 shares; issued and outstanding 243,442,156 and 242,416,424 shares at December 31, 2012 and December 31, 2011, respectively	243,442		242,416
Capital in excess of par value	1,391,271		1,375,976
Retained earnings	445,756		239,103
Treasury stock, at cost, 7,574,903 and 7,359,983 shares at December 31, 2012 and December 31, 2011, respectively	(98,725)		(95,827)
Accumulated other comprehensive loss	(94,413)	[2]	(102,030)	[2]
Stockholders' Equity-McDermott International, Inc.	1,887,331		1,659,638
Noncontrolling Interests	64,774		74,074
Total Equity	1,952,105		1,733,712
Total Liabilities and Equity	$ 3,333,627		$ 2,992,814

[1] Our marine vessels are included in the country in which they were located as of year-end.

[2] The tax impact on amounts presented in AOCI are not significant.