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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 81,329 $ 119,028
Marketable securities 46 11,518
Accounts receivable, net of allowance for bad debts 273,982 405,370
Prepaid expenses and other current assets 114,166 119,479
Assets held for sale 7,600 14,200
Total current assets 477,123 669,595
Drilling and other property and equipment, net of accumulated depreciation 5,819,309 6,378,814
Other assets 112,743 101,485
Total assets 6,409,175 7,149,894
Current liabilities:    
Accounts payable 36,480 70,272
Accrued liabilities 224,390 253,769
Taxes payable 36,911 15,093
Short-term borrowings 182,100 286,589
Total current liabilities 479,881 625,723
Long-term debt 1,980,602 1,979,778
Deferred tax liability 164,389 276,529
Other liabilities 151,375 155,094
Total liabilities 2,776,247 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 September 30, 2016; 143,978,877 shares issued and 137,158,706 shares outstanding at December 31, 2015) 1,440 1,440
Additional paid-in capital 2,003,388 1,999,634
Retained earnings 1,830,683 2,319,136
Accumulated other comprehensive gain (loss) 3 (5,035)
Treasury stock, at cost (6,828,094 and 6,820,171 shares of common stock at September 30, 2016 and December 31, 2015, respectively) (202,586) (202,405)
Total stockholders' equity 3,632,928 4,112,770
Total liabilities and stockholders' equity $ 6,409,175 $ 7,149,894