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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 212,467 $ 360,794
Accounts receivable, net 590,226 548,844
Taxes receivable 72,555 39,845
Prepaid expenses and other current assets 95,822 112,265
Total current assets 971,070 1,061,748
Intangible assets 7,367 10,128
Property and equipment, at cost 4,707,614 4,591,936
Accumulated depreciation (552,511) (467,600)
Property and equipment, net 4,155,103 4,124,336
Other assets 302,611 311,225
Total assets 5,436,151 5,507,437
Current liabilities    
Accounts payable 365,982 395,165
Accrued payroll and related costs 61,872 97,313
Taxes payable 66,752 56,420
Interest payable 22,756 10,707
Other current liabilities 86,013 82,075
Total current liabilities 603,375 641,680
Long-term debt 586,622 586,203
Deferred income taxes 10,276 11,416
Noncurrent contract liabilities 27,749 50,863
Other liabilities 295,106 296,035
Total liabilities 1,523,128 1,586,197
Commitments and contingencies (Note 9)
Shareholders’ equity    
Common stock, $0.00001 par value; 142,816,359 and 140,773,750 ordinary shares outstanding as of March 31, 2024, and December 31, 2023, respectively 1 1
Additional paid-in capital 3,331,161 3,377,048
Retained earnings 578,858 541,159
Accumulated other comprehensive income (loss) 3,003 3,032
Total shareholders’ equity 3,913,023 3,921,240
Total liabilities and equity $ 5,436,151 $ 5,507,437