Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 239,246 $ 256,638
Restricted cash 2,982 2,249
Marketable securities 42,761 76,137
Receivables:    
Trade, net of allowance for doubtful accounts of $2,390 and $2,989 in 2017 and 2016, respectively 110,465 108,641
Other 33,870 35,482
Inventories 4,377 2,582
Prepaid expenses and other 6,594 3,707
Discontinued operations 0 277,365
Total current assets 440,295 762,801
Property and Equipment:    
Historical cost 1,351,741 1,178,556
Accumulated depreciation 502,544 444,559
Property, Plant and Equipment, Net In Service 849,197 733,997
Construction in progress 28,728 246,010
Net property and equipment 877,925 980,007
Investments, at Equity, and Advances to 50% or Less Owned Companies 173,441 175,461
Construction Reserve Funds 51,339 75,753
Goodwill 32,761 32,758
Intangible Assets, Net 28,106 20,078
Other Assets 9,469 17,189
Discontinued Operations 0 798,274
Total Assets 1,613,336 2,862,321
Current Liabilities:    
Current portion of long-term debt 77,842 163,202
Accounts payable and accrued expenses 44,013 59,563
Accrued wages and benefits 14,624 12,398
Accrued interest 4,209 5,036
Accrued income taxes 0 3,059
Short sales of marketable securities 0 1,274
Accrued capital, repair and maintenance expenditures 2,172 15,092
Other current liabilities 36,325 25,305
Discontinued operations 0 85,020
Total current liabilities 179,185 369,949
Long-Term Debt 501,505 631,084
Exchange Option Liability on Subsidiary Convertible Senior Notes 0 19,436
Deferred Income Taxes   157,441
Deferred Income Tax Liabilities, Net 101,422  
Deferred Gains and Other Liabilities 77,863 98,098
Discontinued Operations 0 390,045
Total liabilities 859,975 1,666,053
SEACOR Holdings Inc. stockholders’ equity:    
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued nor outstanding 0 0
Common stock, $.01 par value, 60,000,000 shares authorized; 38,656,505 and 37,939,032 shares issued in 2017 and 2016, respectively 387 379
Additional paid-in capital 1,573,013 1,518,635
Retained earnings 419,128 910,723
Shares held in treasury of 20,716,878 and 20,538,327 in 2017 and 2016, respectively, at cost 1,368,300 1,357,331
Accumulated other comprehensive loss, net of tax (545) (11,514)
Stockholders' equity attributable to SEACOR Holdings Inc. 623,683 1,060,892
Noncontrolling interests in subsidiaries 129,678 135,376
Total equity 753,361 1,196,268
Liabilities and stockholders' equity, total $ 1,613,336 $ 2,862,321