Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 77,222 $ 144,221
Restricted cash and restricted cash equivalents 1,222 2,991
Marketable securities 7,936 30,316
Receivables:    
Trade, net of allowance for doubtful accounts of $2,871 and $3,481 in 2019 and 2018, respectively 194,022 171,828
Trade receivables, allowance for doubtful accounts 2,871 3,481
Other 38,881 38,881
Inventories 5,255 4,530
Prepaid expenses and other 6,971 5,382
Total current assets 331,509 398,149
Property and Equipment:    
Historical cost 1,442,382 1,407,329
Accumulated depreciation (624,024) (560,819)
Net property and equipment 818,358 846,510
Operating Lease Right-of-Use Assets 144,539  
Investments, at Equity, and Advances to 50% or Less Owned Companies 157,108 156,886
Construction Reserve Funds 0 3,908
Goodwill 32,701 32,708
Intangible Assets, Net 20,996 24,551
Other Assets 7,761 8,312
Total Assets 1,512,972 1,471,024
Current Liabilities:    
Current portion of long-term debt 58,854 8,497
Current portion of long-term operating lease liabilities 36,011  
Accounts payable and accrued expenses 57,595 59,607
Accrued wages and benefits 20,730 21,203
Accrued interest 1,030 1,184
Accrued capital, repair and maintenance expenditures 3,213 3,254
Other current liabilities 32,528 30,018
Total current liabilities 209,961 123,763
Long-Term Debt 255,612 346,128
Long-term operating lease liabilities 108,295  
Deferred Income Taxes 105,661 94,420
Deferred Gains and Other Liabilities 20,929 52,871
Total liabilities 700,458 617,182
SEACOR Holdings Inc. stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized; none issued nor outstanding $ 0 0
Preferred stock, par value (in dollars per share) $ 0.01  
Preferred stock, shares authorized (in shares) 10,000,000  
Common stock, $0.01 par value, 60,000,000 shares authorized; 40,819,892 and 39,001,924 shares issued in 2019 and 2018, respectively $ 408 $ 390
Common stock, par value (in dollars per share) $ 0.01  
Common stock, shares authorized (in shares) 60,000,000  
Common stock, shares issued (in shares) 40,819,892 39,001,924
Additional paid-in capital $ 1,661,002 $ 1,596,642
Retained earnings 517,106 474,809
Shares held in treasury of 20,643,724 and 20,671,627 in 2019 and 2018, respectively, at cost $ (1,365,792) $ (1,366,773)
Treasury stock, shares (in shares) 20,643,724 20,671,627
Accumulated other comprehensive loss, net of tax $ (998) $ (914)
Stockholders' equity attributable to SEACOR Holdings Inc. 811,726 704,154
Noncontrolling interests in subsidiaries 788 149,688
Total equity 812,514 853,842
Liabilities and stockholders' equity, total $ 1,512,972 $ 1,471,024