Civeo Corp
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $5,204 | $3,323 |
| Accounts receivable, net | 89,038 | 143,222 |
| Inventories | 7,537 | 6,982 |
| Prepaid expenses | 7,464 | 8,439 |
| Other current assets | 1,210 | 7,407 |
| Assets held for sale | — | 5,873 |
| Total current assets | 110,453 | 175,246 |
| Property, plant and equipment, net | 204,897 | 270,563 |
| Goodwill | 7,001 | 7,690 |
| Other intangible assets, net | 66,502 | 77,999 |
| Operating lease right-of-use assets | 9,401 | 12,286 |
| Other noncurrent assets | 6,818 | 4,278 |
| Total assets | $405,072 | $548,062 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $39,971 | $58,699 |
| Accrued liabilities | 34,933 | 40,523 |
| Income taxes | 10,853 | 3,831 |
| Deferred revenue | 2,501 | 4,849 |
| Other current liabilities | 4,388 | 6,334 |
| Total current liabilities | 92,646 | 114,236 |
| Long-term debt, less current maturities | 43,299 | 65,554 |
| Deferred income taxes | 3,558 | 11,803 |
| Operating lease liabilities | 6,655 | 9,264 |
| Other noncurrent liabilities | 21,916 | 24,167 |
| Total liabilities | 168,074 | 225,024 |
| Commitments and contingencies (Note 15) | ||
| Shareholders’ equity: | ||
| Common shares (no par value; 46,000,000 shares authorized, 14,067,721 shares and 15,046,756 shares issued, respectively, and 13,653,647 shares and 14,680,081 shares outstanding, respectively) | — | — |
| Additional paid-in capital | 1,631,823 | 1,628,972 |
| Accumulated deficit | (980,720) | (919,023) |
| Common shares held in treasury at cost, 414,074 and 366,675 shares, respectively | (10,130) | (9,063) |
| Accumulated other comprehensive loss | (404,600) | (380,715) |
| Total Civeo Corporation shareholders’ equity | 236,373 | 320,171 |
| Noncontrolling interest | 625 | 2,867 |
| Total shareholders’ equity | 236,998 | 323,038 |
| Total liabilities and shareholders’ equity | $405,072 | $548,062 |
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