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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 764,034 $ 118,702
Restricted cash and cash equivalents 189,871 23,652
Accounts receivable-trade, net 225,459 381,858
Accounts receivable-other 72,347 89,273
Contracts in progress 440,345 425,986
Deferred income taxes 9,092 7,091
Assets held for sale 1,396 1,396
Other current assets 43,339 32,242
Total Current Assets 1,745,883 1,080,200
Property, Plant and Equipment 2,343,876 2,367,686
Less accumulated depreciation (790,871) (889,009)
Net Property, Plant and Equipment 1,553,005 1,478,677
Accounts receivable-long-term retainages 145,883 65,365
Investments in Unconsolidated Affiliates 46,111 50,536
Deferred income taxes 18,220 16,766
Assets held for sale 10,121 12,243
Investments 4,219 13,511
Other Assets 119,757 90,073
Total Assets 3,643,199 2,807,371
Current Liabilities:    
Notes payable and current maturities of long-term debt 26,285 39,543
Accounts payable 347,910 398,739
Accrued liabilities 326,573 365,224
Advance billings on contracts 204,536 278,929
Deferred income taxes 19,564 17,892
Income taxes payable 15,660 20,657
Total Current Liabilities 940,528 1,120,984
Long-Term Debt 878,090 49,019
Self-Insurance 22,625 20,531
Pension Liability 15,320 15,681
Non-current Income Taxes 57,084 56,042
Other Liabilities 82,009 104,770
Commitments and Contingencies      
Stockholders' Equity:    
Common stock, par value $1.00 per share, authorized 400,000,000 shares; issued 244,950,464 and 244,271,365 shares at June 30, 2014 and December 31, 2013, respectively 244,950 244,271
Capital in excess of par value (including prepaid common stock purchase contracts) 1,661,543 1,414,457
Retained earnings (131,940) (71,157)
Treasury stock, at cost, 7,316,539 and 7,130,294 shares at June 30, 2014 and December 31, 2013, respectively (97,069) (97,926)
Accumulated other comprehensive loss (119,221) (140,131)
Stockholders' Equity-McDermott International, Inc. 1,558,263 1,349,514
Noncontrolling Interests 89,280 90,830
Total Equity 1,647,543 1,440,344
Total Liabilities and Equity $ 3,643,199 $ 2,807,371