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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 124,457 $ 63,041
Restricted cash 14,231 34,293
Accounts receivable 260,124 177,675
Allowance for credit losses (5,801) (5,622)
Accounts receivable, net 254,323 172,053
Prepaid expenses and other current assets 63,412 48,695
Assets held for sale 1,000 0
Total current assets 457,423 318,082
Drilling and other property and equipment, net of accumulated depreciation 1,156,368 1,141,908
Other assets 98,762 67,966
Total assets 1,712,553 1,527,956
Current liabilities:    
Accounts payable 42,037 47,647
Accrued liabilities 203,336 166,785
Taxes payable 34,817 30,264
Current finance lease liabilities 15,960 16,965
Total current liabilities 296,150 261,661
Long-term debt 533,514 360,644
Noncurrent finance lease liabilities 113,201 131,393
Deferred tax liability 10,966 700
Other liabilities 113,871 93,888
Commitments and contingencies (Note 11)  
Total liabilities 1,067,702 848,286
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; 103,189 shares issued and 102,322 shares outstanding at December 31, 2023; 101,884 shares issued and 101,320 shares outstanding at December 31, 2022) 10 10
Additional paid-in capital 978,575 964,467
Treasury stock (8,493) (4,252)
Accumulated deficit (325,261) (280,555)
Accumulated other comprehensive income 20 0
Total stockholders’ equity 644,851 679,670
Total liabilities and stockholders’ equity $ 1,712,553 $ 1,527,956