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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 42,897 $ 38,388
Restricted cash 14,727 24,341
Accounts receivable 156,984 151,917
Less: allowance for credit losses (5,610) (5,582)
Accounts receivable, net 151,374 146,335
Prepaid expenses and other current assets 65,871 61,440
Asset held for sale 0 1,000
Total current assets 274,869 271,504
Drilling and other property and equipment, net of accumulated depreciation 1,159,535 1,175,895
Other assets 80,319 84,041
Total assets 1,514,723 1,531,440
Current liabilities:    
Accounts payable 48,942 38,661
Accrued liabilities 145,730 143,736
Taxes payable 26,774 34,500
Current finance lease liabilities 16,401 15,865
Total current liabilities 237,847 232,762
Long-term debt 306,438 266,241
Noncurrent finance lease liabilities 140,087 148,358
Deferred tax liability 2,306 1,626
Other liabilities 104,193 114,748
Commitments and contingencies (Note 8)
Total liabilities 790,871 763,735
Stockholders’ equity:    
Preferred stock (par value $0.0001, 50,000 shares authorized, none issued and outstanding at June 30, 2022 and December 31, 2021) 0 0
Common stock (par value $0.0001, 750,000 shares authorized; 100,149 shares issued and 100,131 shares outstanding at June 30, 2022 and 100,075 shares issued and outstanding at December 31, 2021) 10 10
Additional paid-in capital 957,608 945,039
Treasury stock (139) 0
Accumulated deficit (233,627) (177,344)
Total stockholders’ equity 723,852 767,705
Total liabilities and stockholders’ equity $ 1,514,723 $ 1,531,440