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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 128,928 $ 119,028
Marketable securities 5,067 11,518
Accounts receivable, net of allowance for bad debts 363,597 405,370
Prepaid expenses and other current assets 110,842 119,479
Assets held for sale 6,600 14,200
Total current assets 615,034 669,595
Drilling and other property and equipment, net of accumulated depreciation 6,219,242 6,378,814
Other assets 110,323 101,485
Total assets 6,944,599 7,149,894
Current liabilities:    
Accounts payable 51,421 70,272
Accrued liabilities 289,209 253,769
Taxes payable 40,357 15,093
Short-term borrowings   286,589
Total current liabilities 380,987 625,723
Long-term debt 1,980,049 1,979,778
Deferred tax liability 230,332 276,529
Other liabilities 158,451 155,094
Total liabilities $ 2,749,819 $ 3,037,124
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock (par value $0.01, 25,000,000 shares authorized, none issued and outstanding)
Common stock (par value $0.01, 500,000,000 shares authorized; 143,997,757 shares issued and 137,169,663 shares outstanding at March 31, 2016; 143,978,877 shares issued and 137,158,706 shares outstanding at December 31, 2015) $ 1,440 $ 1,440
Additional paid-in capital 2,000,828 1,999,634
Retained earnings 2,406,693 2,319,136
Accumulated other comprehensive gain (loss) (11,595) (5,035)
Treasury stock, at cost (6,828,094 and 6,820,171 shares of common stock at March 31, 2016 and December 31, 2015, respectively) (202,586) (202,405)
Total stockholders' equity 4,194,780 4,112,770
Total liabilities and stockholders' equity $ 6,944,599 $ 7,149,894