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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 103,687 $ 87,342
Accounts receivable, net of allowance for doubtful accounts of $217 and $225, respectively 72,923 87,162
Accounts receivable – related party 417 0
Inventory 15,957 13,070
Derivative assets 782 112
Income tax receivable 3,071 2,735
Prepayments and other current assets 1,208 2,097
Total current assets 198,045 192,518
Property and equipment:    
Marketing 56,272 56,907
Transportation 70,637 70,849
Oil and gas (successful efforts method) 0 62,784
Other 108 108
Total property and equipment 127,017 190,648
Less – Accumulated depreciation, depletion and amortization (93,912) (144,323)
Total property and equipment, net 33,105 46,325
Investments in unconsolidated affiliates 7,570 2,500
Cash deposits and other 5,230 5,529
Total assets 243,950 246,872
Current liabilities:    
Accounts payable 83,228 79,897
Accounts payable – related party 0 53
Derivative liabilities 34 64
Other current liabilities 4,912 6,060
Total current liabilities 88,174 86,074
Other long-term liabilities:    
Asset retirement obligations 1,236 2,329
Deferred taxes and other liabilities 6,226 7,157
Total liabilities 95,636 95,560
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Preferred stock - $1.00 par value, 960,000 shares authorized, none outstanding 0 0
Common stock - $.10 par value, 7,500,000 shares authorized, 4,217,596 shares outstanding 422 422
Contributed capital 11,693 11,693
Retained earnings 136,199 139,197
Total shareholders’ equity 148,314 151,312
Total liabilities and shareholders’ equity $ 243,950 $ 246,872