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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 53,771 $ 38,388
Restricted cash 19,202 24,341
Accounts receivable 124,998 151,917
Less: allowance for credit losses (5,572) (5,582)
Accounts receivable, net 119,426 146,335
Prepaid expenses and other current assets 62,275 61,440
Asset held for sale 0 1,000
Total current assets 254,674 271,504
Drilling and other property and equipment, net of accumulated depreciation 1,175,357 1,175,895
Other assets 82,705 84,041
Total assets 1,512,736 1,531,440
Current liabilities:    
Accounts payable 46,365 38,661
Accrued liabilities 137,513 143,736
Taxes payable 33,942 34,500
Current finance lease liabilities 16,130 15,865
Total current liabilities 233,950 232,762
Long-term debt 286,338 266,241
Noncurrent finance lease liabilities 144,280 148,358
Deferred tax liability 2,462 1,626
Other liabilities 107,883 114,748
Commitments and contingencies (Note 8)
Total liabilities 774,913 763,735
Stockholders’ equity:    
Preferred stock (par value $0.0001, 50,000 shares authorized, none issued and outstanding at March 31, 2022 and December 31, 2021) 0 0
Common stock (par value $0.0001, 750,000 shares authorized; 100,075 shares issued and outstanding at March 31, 2022 and December 31, 2021) 10 10
Additional paid-in capital 949,511 945,039
Accumulated deficit (211,698) (177,344)
Total stockholders’ equity 737,823 767,705
Total liabilities and stockholders’ equity $ 1,512,736 $ 1,531,440