XML 18 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 427,711 $ 640,147
Restricted cash and cash equivalents 24,486 18,116
Accounts receivable-trade, net 318,725 428,800
Accounts receivable-other 65,627 75,461
Contracts in progress 623,930 560,154
Deferred income taxes 7,722 9,765
Assets held for sale 1,396 2,679
Other current assets 39,716 54,667
Total Current Assets 1,509,313 1,789,789
Property, Plant and Equipment 2,231,319 2,115,176
Less accumulated depreciation (845,362) (833,385)
Net Property, Plant and Equipment 1,385,957 1,281,791
Investments 21,044 26,750
Goodwill 41,202 41,202
Investments in Unconsolidated Affiliates 28,675 37,435
Assets Held for Sale 12,243 26,758
Other Assets 197,513 129,902
Total Assets 3,195,947 3,333,627
Current Liabilities:    
Notes payable and current maturities of long-term debt 42,531 14,146
Accounts payable 434,783 400,007
Accrued liabilities 328,168 369,418
Advance billings on contracts 301,426 241,696
Deferred income taxes 15,526 10,758
Income taxes payable 37,112 76,986
Total Current Liabilities 1,159,546 1,113,011
Long-Term Debt 53,104 88,562
Self-Insurance 25,413 22,641
Pension Liability 24,350 25,069
Other Liabilities 167,635 132,239
Commitments and Contingencies      
Stockholders' Equity:    
Common stock, par value $1.00 per share, authorized 400,000,000 shares; issued 243,928,572 and 243,442,156 shares at June 30, 2013 and December 31, 2012, respectively 243,929 243,442
Capital in excess of par value 1,400,386 1,391,271
Retained earnings 316,886 445,756
Treasury stock, at cost, 7,364,866 and 7,574,903 shares at June 30, 2013 and December 31, 2012, respectively (99,184) (98,725)
Accumulated other comprehensive loss (156,673) (94,413)
Stockholders' Equity-McDermott International, Inc. 1,705,344 1,887,331
Noncontrolling Interests 60,555 64,774
Total Equity 1,765,899 1,952,105
Total Liabilities and Equity $ 3,195,947 $ 3,333,627