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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 643,951 $ 118,702
Restricted cash and cash equivalents 239,315 23,652
Accounts receivable – trade, net 271,019 381,858
Accounts receivable – other 75,741 89,273
Contracts in progress 336,920 425,986
Deferred income taxes 7,004 7,091
Assets held for sale 14,253 1,396
Other current assets 58,603 32,242
Total Current Assets 1,646,806 1,080,200
Property, Plant and Equipment 2,390,385 2,367,686
Less accumulated depreciation (807,990) (889,009)
Net Property, Plant and Equipment 1,582,395 1,478,677
Accounts Receivable – Long-Term Retainages 132,248 65,365
Investments in Unconsolidated Affiliates 43,713 50,536
Deferred Income Taxes 18,008 16,766
Assets Held for Sale   12,243
Investments 2,613 13,511
Other Assets 101,533 90,073
Total Assets 3,527,316 2,807,371
Current Liabilities:    
Notes payable and current maturities of long-term debt 27,002 39,543
Accounts payable 292,129 398,739
Accrued liabilities 328,005 365,224
Advance billings on contracts 200,258 278,929
Deferred income taxes 17,738 17,892
Income taxes payable 16,626 20,657
Total Current Liabilities 881,758 1,120,984
Long-Term Debt 873,289 49,019
Self-Insurance 23,740 20,531
Pension Liability 14,762 15,681
Non-current Income Taxes 52,187 56,042
Other Liabilities 92,887 104,770
Commitments and Contingencies (Note 10)      
Stockholders' Equity:    
Common stock, par value $1.00 per share, authorized 400,000,000 shares; issued 244,966,109 and 244,271,365 shares at September 30, 2014 and December 31, 2013, respectively 244,966 244,271
Capital in excess of par value (including prepaid common stock purchase contracts) 1,663,850 1,414,457
Accumulated Deficit (165,624) (71,157)
Treasury stock, at cost; 7,322,694 and 7,130,294 shares at at September 30, 2014 and December 31, 2013, respectively (96,654) (97,926)
Accumulated other comprehensive loss (150,164) (140,131)
Stockholders' Equity - McDermott International, Inc. 1,496,374 1,349,514
Noncontrolling interest 92,319 90,830
Total Equity 1,588,693 1,440,344
Total Liabilities and Equity $ 3,527,316 $ 2,807,371