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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 63,041 $ 38,388
Restricted cash 34,293 24,341
Accounts receivable 177,675 151,917
Less: allowance for credit losses (5,622) (5,582)
Accounts receivable, net 172,053 146,335
Prepaid expenses and other current assets 48,695 61,440
Assets held for sale 0 1,000
Total current assets 318,082 271,504
Drilling and other property and equipment, net of accumulated depreciation 1,141,908 1,175,895
Other assets 67,966 84,041
Total assets 1,527,956 1,531,440
Current liabilities:    
Accounts payable 47,647 38,661
Accrued liabilities 166,785 143,736
Taxes payable 30,264 34,500
Current finance lease liabilities 16,965 15,865
Total current liabilities 261,661 232,762
Long-term debt 360,644 266,241
Noncurrent finance lease liabilities 131,393 148,358
Deferred tax liability 700 1,626
Other liabilities 93,888 114,748
Commitments and contingencies (Note 12)  
Total liabilities 848,286 763,735
Stockholders’ equity:    
Preferred stock (par value $0.0001, 50,000 shares authorized, none issued and outstanding) 0 0
Common stock (par value $0.0001, 750,000 shares authorized; 101,884 shares issued and 101,320 shares outstanding at December 31 2022; 100,075 shares issued and outstanding at December 31, 2021) 10 10
Additional paid-in capital 964,467 945,039
Treasury stock (4,252) 0
Accumulated deficit (280,555) (177,344)
Total stockholders’ equity 679,670 767,705
Total liabilities and stockholders’ equity $ 1,527,956 $ 1,531,440