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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 393,726 $ 595,921
Restricted cash and cash equivalents 15,154 16,412
Accounts receivable—trade, net 331,327 334,384
Accounts receivable—other 40,239 36,929
Contracts in progress 619,164 319,138
Other current assets 38,047 29,599
Total current assets 1,437,657 1,332,383
Property, plant and equipment 2,617,382 2,586,179
Less accumulated depreciation (939,651) (898,878)
Property, plant and equipment, net 1,677,731 1,687,301
Accounts receivable—long-term retainages 92,797 127,193
Investments in Unconsolidated Affiliates 12,138 17,023
Deferred income taxes 18,748 21,116
Other assets 52,377 37,214
Total assets [1] 3,291,448 3,222,230
Current liabilities:    
Notes payable and current maturities of long-term debt 13,807 48,125
Accounts payable 434,954 173,203
Accrued liabilities 340,613 277,584
Advance billings on contracts 66,148 192,486
Income taxes payable 26,786 17,945
Total current liabilities 882,308 709,343
Long-term debt 526,692 704,395
Self-insurance 17,734 16,980
Pension liabilities 19,043 19,471
Non-current income taxes 60,341 60,870
Other liabilities 124,834 115,703
Commitments and contingencies
Stockholders' equity:    
Common stock, par value $1.00 per share, authorized 400,000,000 shares; issued 292,469,416 and 249,690,281 shares, respectively 292,469 249,690
Capital in excess of par value 1,656,231 1,695,119
Accumulated deficit (168,438) (226,767)
Accumulated other comprehensive loss (56,191) (66,895)
Treasury stock, at cost: 8,494,018 and 8,302,004 shares, respectively (96,244) (94,957)
Stockholders' Equity—McDermott International, Inc. 1,627,827 1,556,190
Noncontrolling interest 32,669 39,278
Total equity 1,660,496 1,595,468
Total liabilities and equity $ 3,291,448 $ 3,222,230
[1] Our marine vessels are included in the area in which they were located as of reporting date.