Civeo Corp
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
CVEO$35.34-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December 31,
| DECEMBER 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $3,323 | $7,954 |
| Accounts receivable, net | 143,222 | 119,755 |
| Inventories | 6,982 | 6,907 |
| Prepaid expenses | 8,439 | 7,199 |
| Other current assets | 7,407 | 3,081 |
| Assets held for sale | 5,873 | 8,653 |
| Total current assets | 175,246 | 153,549 |
| Property, plant and equipment, net | 270,563 | 301,890 |
| Goodwill | 7,690 | 7,672 |
| Other intangible assets, net | 77,999 | 81,747 |
| Operating lease right-of-use assets | 12,286 | 15,722 |
| Other noncurrent assets | 4,278 | 5,604 |
| Total assets | $548,062 | $566,184 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $58,699 | $51,087 |
| Accrued liabilities | 40,523 | 39,211 |
| Income taxes | 3,831 | 178 |
| Current portion of long-term debt | — | 28,448 |
| Deferred revenue | 4,849 | 991 |
| Other current liabilities | 6,334 | 8,342 |
| Total current liabilities | 114,236 | 128,257 |
| Long-term debt, less current maturities | 65,554 | 102,505 |
| Deferred income taxes | 11,803 | 4,778 |
| Operating lease liabilities | 9,264 | 12,771 |
| Other noncurrent liabilities | 24,167 | 14,172 |
| Total liabilities | 225,024 | 262,483 |
| Commitments and contingencies (Note 15) | ||
| Shareholders’ equity: | ||
| Preferred shares (Class A Series 1) | — | — |
| Common shares (no par value; 46,000,000 shares authorized, 15,046,756 shares and 15,584,176 shares issued, respectively, and 14,680,081 shares and 15,217,501 shares outstanding, respectively) | — | — |
| Additional paid-in capital | 1,628,972 | 1,624,512 |
| Accumulated deficit | (919,023) | (930,123) |
| Common shares held in treasury at cost, 366,675 and 366,675 shares, respectively | (9,063) | (9,063) |
| Accumulated other comprehensive loss | (380,715) | (385,187) |
| Total Civeo Corporation shareholders’ equity | 320,171 | 300,139 |
| Noncontrolling interest | 2,867 | 3,562 |
| Total shareholders’ equity | 323,038 | 303,701 |
| Total liabilities and shareholders’ equity | $548,062 | $566,184 |
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