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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 18,552 $ 63,041
Restricted cash 22,776 34,293
Accounts receivable 187,674 177,675
Less: allowance for credit losses (5,656) (5,622)
Accounts receivable, net 182,018 172,053
Prepaid expenses and other current assets 60,633 48,695
Asset held for sale 1,000 0
Total current assets 284,979 318,082
Drilling and other property and equipment, net of accumulated depreciation 1,140,800 1,141,908
Other assets 85,350 67,966
Total assets 1,511,129 1,527,956
Current liabilities:    
Accounts payable 52,631 47,647
Accrued liabilities 159,100 166,785
Taxes payable 30,315 30,264
Current finance lease liabilities 17,297 16,965
Total current liabilities 259,343 261,661
Long-term debt 345,750 360,644
Noncurrent finance lease liabilities 126,983 131,393
Deferred tax liability 1,394 700
Other liabilities 86,822 93,888
Commitments and contingencies (Note 7)
Total liabilities 820,292 848,286
Stockholders’ equity:    
Preferred stock (par value $0.0001, 50,000 shares authorized, none issued and outstanding at March 31, 2023 and December 31, 2022) 0 0
Common stock (par value $0.0001, 750,000 shares authorized; 101,933 shares issued and 101,358 shares outstanding at March 31, 2023 and 101,884 shares issued and 101,320 shares outstanding at December 31, 2022) 10 10
Additional paid-in capital 968,539 964,467
Treasury stock (4,386) (4,252)
Accumulated deficit (273,326) (280,555)
Total stockholders’ equity 690,837 679,670
Total liabilities and stockholders’ equity $ 1,511,129 $ 1,527,956