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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 174,185 $ 245,029
Accounts receivable, net of allowance for doubtful accounts of $6,516 and $2,312 at December 31, 2019 and 2018, respectively 339,699 558,817
Federal and state income taxes receivable 6,397 4,110
Inventory 36,357 65,579
Other 75,177 76,662
Total current assets 631,815 950,197
Property and equipment, net 3,306,677 4,002,549
Right of use asset 31,275  
Goodwill and intangible assets 444,004 477,640
Deposits on equipment purchases 8,066 12,040
Other 17,778 27,440
Total assets 4,439,615 5,469,866
Current liabilities:    
Accounts payable 170,475 288,962
Federal and state income taxes payable 342 1,408
Accrued liabilities 219,850 235,946
Lease liability 9,935  
Total current liabilities 400,602 526,316
Long-term lease liability 26,644  
Long-term debt, net of debt discount and issuance costs of $8,460 and $5,795 at December 31, 2019 and 2018, respectively 966,540 1,119,205
Deferred tax liabilities, net 202,959 306,161
Other 9,250 12,761
Total liabilities 1,605,995 1,964,443
Commitments and contingencies (see Note 9)
Stockholders’ equity:    
Preferred stock, par value $.01; authorized 1,000,000 shares, no shares issued
Common stock, par value $.01; authorized 400,000,000 shares with 269,372,257 and 267,315,526 issued and 192,035,870 and 213,614,430 outstanding at December 31, 2019 and 2018, respectively 2,694 2,673
Additional paid-in capital 2,875,680 2,827,154
Retained earnings 1,294,902 1,753,557
Accumulated other comprehensive income 5,478 2,487
Treasury stock, at cost, 77,336,387 shares and 53,701,096 shares at December 31, 2019 and 2018, respectively (1,345,134) (1,080,448)
Total stockholders’ equity 2,833,620 3,505,423
Total liabilities and stockholders’ equity $ 4,439,615 $ 5,469,866