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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 146,826 $ 63,041
Restricted cash 25,556 34,293
Accounts receivable 177,123 177,675
Less: allowance for credit losses (5,698) (5,622)
Accounts receivable, net 171,425 172,053
Prepaid expenses and other current assets 136,211 48,695
Asset held for sale 1,000 0
Total current assets 481,018 318,082
Drilling and other property and equipment, net of accumulated depreciation 1,157,337 1,141,908
Other assets 167,453 67,966
Total assets 1,805,808 1,527,956
Current liabilities:    
Accounts payable 54,927 47,647
Accrued liabilities 163,412 166,785
Taxes payable 27,491 30,264
Current finance lease liabilities 15,655 16,965
Total current liabilities 261,485 261,661
Long-term debt 535,194 360,644
Noncurrent finance lease liabilities 117,889 131,393
Deferred tax liability 702 700
Other liabilities 103,377 93,888
Commitments and contingencies (Note 7)
Total liabilities 1,018,647 848,286
Stockholders’ equity:    
Preferred stock (par value $0.0001, 50,000 shares authorized, none issued and outstanding at September 30, 2023 and December 31, 2022) 0 0
Common stock (par value $0.0001, 750,000 shares authorized; 103,189 shares issued and 102,332 shares outstanding at September 30, 2023 and 101,884 shares issued and 101,320 shares outstanding at December 31, 2022) 10 10
Additional paid-in capital 975,177 964,467
Treasury stock (8,493) (4,252)
Accumulated deficit (179,559) (280,555)
Accumulated other comprehensive income 26 0
Total stockholders’ equity 787,161 679,670
Total liabilities and stockholders’ equity $ 1,805,808 $ 1,527,956