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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 390,263 $ 595,921
Restricted cash and cash equivalents 17,929 16,412
Accounts receivable—trade, net 328,302 334,384
Accounts receivable—other 40,730 36,929
Contracts in progress 621,411 319,138
Other current assets 35,615 29,599
Total current assets 1,434,250 1,332,383
Property, plant and equipment 2,651,087 2,586,179
Less accumulated depreciation (985,273) (898,878)
Property, plant and equipment, net [1] 1,665,814 1,687,301
Accounts receivable—long-term retainages 39,253 127,193
Investments in Unconsolidated Affiliates 7,501 17,023
Deferred income taxes 17,616 21,116
Other assets 58,386 37,214
Total assets 3,222,820 3,222,230
Current liabilities:    
Notes payable and current maturities of long-term debt 24,264 48,125
Accounts payable 279,109 173,203
Accrued liabilities 336,747 277,584
Advance billings on contracts 32,252 192,486
Income taxes payable 34,562 17,945
Total current liabilities 706,934 709,343
Long-term debt 512,713 704,395
Self-insurance 16,097 16,980
Pension liabilities 14,400 19,471
Non-current income taxes 62,881 60,870
Other liabilities 121,018 115,703
Commitments and contingencies
Stockholders' equity:    
Common stock, par value $1.00 per share, authorized 400,000,000 shares; issued 292,525,841 and 249,690,281 shares, respectively 292,526 249,690
Capital in excess of par value 1,663,091 1,695,119
Accumulated deficit (48,221) (226,767)
Accumulated other comprehensive loss (50,448) (66,895)
Treasury stock, at cost: 8,499,021 and 8,302,004 shares, respectively (96,282) (94,957)
Stockholders' Equity—McDermott International, Inc. 1,760,666 1,556,190
Noncontrolling interest 28,111 39,278
Total equity 1,788,777 1,595,468
Total liabilities and equity $ 3,222,820 $ 3,222,230
[1] Our marine vessels are included in the country in which they were located as of year-end.