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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 29,685 $ 63,041
Restricted cash 14,284 34,293
Accounts receivable 206,810 177,675
Less: allowance for credit losses (5,730) (5,622)
Accounts receivable, net 201,080 172,053
Prepaid expenses and other current assets 137,473 48,695
Asset held for sale 1,000 0
Total current assets 383,522 318,082
Drilling and other property and equipment, net of accumulated depreciation 1,138,544 1,141,908
Other assets 265,704 67,966
Total assets 1,787,770 1,527,956
Current liabilities:    
Accounts payable 47,459 47,647
Accrued liabilities 167,043 166,785
Taxes payable 27,170 30,264
Current finance lease liabilities 15,356 16,965
Total current liabilities 257,028 261,661
Long-term debt 365,859 360,644
Noncurrent finance lease liabilities 122,499 131,393
Deferred tax liability 705 700
Other liabilities 108,753 93,888
Commitments and contingencies (Note 7)
Total liabilities 854,844 848,286
Stockholders’ equity:    
Preferred stock (par value $0.0001, 50,000 shares authorized, none issued and outstanding at June 30, 2023 and December 31, 2022) 0 0
Common stock (par value $0.0001, 750,000 shares authorized; 102,287 shares issued and 101,667 shares outstanding at June 30, 2023 and 101,884 shares issued and 101,320 shares outstanding at December 31, 2022) 10 10
Additional paid-in capital 972,445 964,467
Treasury stock (4,986) (4,252)
Accumulated deficit (34,543) (280,555)
Total stockholders’ equity 932,926 679,670
Total liabilities and stockholders’ equity $ 1,787,770 $ 1,527,956