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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 461,535 $ 640,147
Restricted cash and cash equivalents 21,942 18,116
Accounts receivable-trade, net 443,182 428,800
Accounts receivable-other 65,561 75,461
Contracts in progress 544,404 560,154
Deferred income taxes 6,888 9,765
Assets held for sale 1,396 2,679
Other current assets 42,436 54,667
Total Current Assets 1,587,344 1,789,789
Property, Plant and Equipment 2,155,243 2,115,176
Less accumulated depreciation (828,223) (833,385)
Net Property, Plant and Equipment 1,327,020 1,281,791
Investments 18,936 26,750
Goodwill 41,202 41,202
Investments in Unconsolidated Affiliates 35,233 37,435
Assets held for sale 12,243 26,758
Other Assets 159,040 129,902
Total Assets 3,181,018 3,333,627
Current Liabilities:    
Notes payable and current maturities of long-term debt 44,025 14,146
Accounts payable 302,250 400,007
Accrued liabilities 332,358 369,418
Advance billings on contracts 206,010 241,696
Deferred income taxes 16,027 10,758
Income taxes payable 70,425 76,986
Total Current Liabilities 971,095 1,113,011
Long-Term Debt 57,188 88,562
Self-Insurance 24,141 22,641
Pension Liability 24,757 25,069
Other Liabilities 136,949 132,239
Commitments and Contingencies      
Stockholders' Equity:    
Common stock, par value $1.00 per share, authorized 400,000,000 shares; issued 243,778,369 and 243,442,156 shares at March 31, 2013 and December 31, 2012, respectively 243,778 243,442
Capital in excess of par value 1,394,859 1,391,271
Retained earnings 466,309 445,756
Treasury stock, at cost, 7,359,501 and 7,574,903 shares at March 31, 2013 and December 31, 2012, respectively (99,688) (98,725)
Accumulated other comprehensive loss (100,697) (94,413)
Stockholders' Equity-McDermott International, Inc. 1,904,561 1,887,331
Noncontrolling Interests 62,327 64,774
Total Equity 1,966,888 1,952,105
Total Liabilities and Equity $ 3,181,018 $ 3,333,627