Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 38,388	$ 405,869
Restricted cash	24,341	24,511
Accounts receivable	151,917	136,222
Less: allowance for credit losses	(5,582)	(5,562)
Accounts receivable, net	146,335	130,660
Prepaid expenses and other current assets	61,440	62,275
Assets held for sale	1,000	2,000
Total current assets	271,504	625,315
Drilling and other property and equipment, net of accumulated depreciation	1,175,895	4,122,809
Other assets	84,041	200,329
Total assets	1,531,440	4,948,453
Current liabilities:
Accounts payable	38,661	33,437
Accrued liabilities	143,736	140,788
Taxes payable	34,500	27,214
Current finance lease liabilities	15,865
Total current liabilities	232,762	201,439
Long-term debt	266,241
Noncurrent finance lease liabilities	148,358
Deferred tax liability	1,626	28,338
Other liabilities	114,748	117,305
Commitments and contingencies (Note 12)
Total liabilities not subject to compromise	763,735	347,082
Liabilities subject to compromise		2,618,805
Total liabilities	763,735	2,965,887
Stockholders’ equity:
Predecessor common stock (par value $0.01, 500,000 shares authorized; 145,264 shares issued and 138,054 shares outstanding at December 31, 2020) and Successor common stock (par value $0.0001, 750,000 shares authorized; 100,075 shares issued and outstanding at December 31, 2021)	10	1,453
Predecessor treasury stock, at cost		(206,163)
Additional paid-in capital	945,039	2,029,979
(Accumulated deficit) retained earnings	(177,344)	157,297
Total stockholders’ equity	767,705	1,982,566
Total liabilities and stockholders’ equity	$ 1,531,440	$ 4,948,453