XML 36 R26.htm IDEA: XBRL DOCUMENT

Details Of Certain Accounts (Tables)

9 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of other current assets

Other current assets consist of the following (in thousands):


		September 30,			December 31,
		2023			2022
Prepaids		$	32,897		$	26,609
Contract assets (Note 9)			4,901			6,295
Deferred costs (Note 9)			29,600			13,969
Other			11,186			11,826
Total other current assets		$	78,584		$	58,699

Schedule of other assets, net

Other assets, net consist of the following (in thousands):


		September 30,			December 31,
		2023			2022
Prepaid charter ⁽¹⁾		$	12,544		$	12,544
Deferred costs (Note 9)			1,672			6,432
Other receivable ⁽²⁾			26,653			24,827
Intangible assets with finite lives, net			4,533			4,465
Other			2,075			2,239
Total other assets, net		$	47,477		$	50,507

(1)	Represents prepayments to the owner of the Siem Helix 1 and the Siem Helix 2 to offset certain payment obligations associated with the vessels at the end of their respective charter term.

(2)	Represents agreed-upon amounts that we are entitled to receive from Marathon Oil Corporation (“Marathon Oil”) for remaining P&A work to be performed by us on Droshky oil and gas properties we acquired from Marathon Oil in 2019.

Schedule of accrued liabilities

Accrued liabilities consist of the following (in thousands):


		September 30,			December 31,
		2023			2022
Accrued payroll and related benefits		$	59,273		$	41,339
Accrued interest			2,001			6,306
Income tax payable			386			479
Deferred revenue (Note 9)			18,635			9,961
Contingent consideration (Note 17)			74,073			—
Other ⁽¹⁾			23,750			15,489
Total accrued liabilities		$	178,118		$	73,574

(1)	Amount as of September 30, 2023 includes $9.0 million in credits toward future services offered by us in exchange for the purchase of P&A equipment in the third quarter 2023 (Note 2).

Schedule of other non-current liabilities

Other non-current liabilities consist of the following (in thousands):


		September 30,			December 31,
		2023			2022
Asset retirement obligations (Note 13)		$	55,542		$	51,956
Contingent consideration (Note 17)			—			42,754
Other ⁽¹⁾			4,631			520
Total other non-current liabilities		$	60,173		$	95,230

(1)	Amount as of September 30, 2023 includes $2.6 million in credits toward future services offered by us in exchange for the purchase of P&A equipment in the third quarter 2023 (Note 2).