Alliance Acquisition (Tables)

6 Months Ended

Jun. 30, 2023

Alliance Acquisition

Final purchase consideration and final purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities

The following table summarizes the final purchase consideration and the final purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date (in thousands):

	July 1, 2022
Cash consideration	$	118,961
Contingent consideration		26,700
Total fair value of consideration transferred	$	145,661
Assets acquired:
Cash and cash equivalents	$	6,336
Accounts receivable		43,378
Other current assets		6,077
Property and equipment		117,321
Operating lease right-of-use assets		1,205
Intangible assets		1,500
Other assets		2,133
Total assets acquired		177,950
Liabilities assumed:
Accounts payable		20,480
Accrued liabilities		3,073
Operating lease liabilities		1,205
Deferred tax liabilities		7,531
Total liabilities assumed		32,289
Net assets acquired	$	145,661

Schedule of pro forma information

The following table summarizes the pro forma results of Helix and Alliance (in thousands):

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2022		2022
Revenues	$	214,853	$	392,474
Net loss		(21,810)		(63,519)