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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 595,921 $ 664,844
Restricted cash and cash equivalents 16,412 116,801
Accounts receivable—trade, net 334,384 208,474
Accounts receivable—other 36,929 66,689
Contracts in progress 319,138 435,829
Other current assets 29,599 34,641
Total current assets 1,332,383 1,527,278
Property, plant and equipment 2,586,179 2,467,352
Less accumulated depreciation (898,878) (856,493)
Property, plant and equipment, net [1] 1,687,301 1,610,859
Accounts receivable—long-term retainages 127,193 155,061
Investments in Unconsolidated Affiliates 17,023 26,551
Deferred income taxes 21,116 18,822
Other assets 37,214 48,505
Total assets 3,222,230 3,387,076
Current liabilities:    
Notes payable and current maturities of long-term debt 48,125 24,882
Accounts payable 173,203 279,821
Accrued liabilities 277,584 330,943
Advance billings on contracts 192,486 164,773
Income taxes payable 17,945 23,787
Total current liabilities 709,343 824,206
Long-term debt 704,395 819,001
Self-insurance 16,980 18,653
Pension liabilities 19,471 24,066
Non-current income taxes 60,870 52,559
Other liabilities 115,703 101,870
Commitments and contingencies
Stockholders' equity:    
Common stock, par value $1.00 per share, authorized 400,000,000 shares; issued 249,690,281 and 246,841,128 shares, respectively 249,690 246,841
Capital in excess of par value (including prepaid common stock purchase contracts) 1,695,119 1,687,059
Accumulated deficit (226,767) (260,884)
Accumulated other comprehensive loss (66,895) (93,955)
Treasury stock, at cost: 8,302,004 and 7,824,204 shares, respectively (94,957) (92,262)
Stockholders' Equity—McDermott International, Inc. 1,556,190 1,486,799
Noncontrolling interest 39,278 59,922
Total equity 1,595,468 1,546,721
Total liabilities and equity $ 3,222,230 $ 3,387,076
[1] Our marine vessels are included in the country in which they were located as of year-end.