XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 22,650 $ 38,388
Restricted cash 38,592 24,341
Accounts receivable 185,539 151,917
Less: allowance for credit losses (5,629) (5,582)
Accounts receivable, net 179,910 146,335
Prepaid expenses and other current assets 59,585 61,440
Asset held for sale 0 1,000
Total current assets 300,737 271,504
Drilling and other property and equipment, net of accumulated depreciation 1,143,268 1,175,895
Other assets 79,714 84,041
Total assets 1,523,719 1,531,440
Current liabilities:    
Accounts payable 39,521 38,661
Accrued liabilities 150,153 143,736
Taxes payable 25,115 34,500
Current finance lease liabilities 16,681 15,865
Total current liabilities 231,470 232,762
Long-term debt 335,540 266,241
Noncurrent finance lease liabilities 135,777 148,358
Deferred tax liability 1,838 1,626
Other liabilities 88,905 114,748
Commitments and contingencies (Note 8)
Total liabilities 793,530 763,735
Stockholders’ equity:    
Preferred stock (par value $0.0001, 50,000 shares authorized, none issued and outstanding at September 30, 2022 and December 31, 2021) 0 0
Common stock (par value $0.0001, 750,000 shares authorized; 101,630 shares issued and 101,166 shares outstanding at September 30, 2022 and 100,075 shares issued and outstanding at December 31, 2021) 10 10
Additional paid-in capital 961,510 945,039
Treasury stock (3,214) 0
Accumulated deficit (228,117) (177,344)
Total stockholders’ equity 730,189 767,705
Total liabilities and stockholders’ equity $ 1,523,719 $ 1,531,440