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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 276,686 $ 156,233
Accounts receivable, net of allowance for bad debts 271,390 247,028
Prepaid expenses and other current assets 97,803 102,146
Assets held for sale 2,598 400
Total current assets 648,477 505,807
Drilling and other property and equipment, net of accumulated depreciation 5,432,689 5,726,935
Other assets 117,062 139,135
Total assets 6,198,228 6,371,877
Current liabilities:    
Accounts payable 33,301 30,242
Accrued liabilities 140,233 182,159
Taxes payable 7,436 23,898
Short-term borrowings   104,200
Total current liabilities 180,970 340,499
Long-term debt 1,971,852 1,980,884
Deferred tax liability 124,929 197,011
Other liabilities 115,715 103,349
Total liabilities 2,393,466 2,621,743
Commitments and contingencies (Note 8)
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; 144,084,644 shares issued and 137,227,309 shares outstanding at September 30, 2017; 143,997,757 shares issued and 137,169,663 shares outstanding at December 31, 2016) 1,441 1,440
Additional paid-in capital 2,009,953 2,004,514
Retained earnings 1,996,438 1,946,765
Accumulated other comprehensive (loss) gain (3) 1
Treasury stock, at cost (6,857,335 and 6,828,094 shares of common stock at September 30, 2017 and December 31, 2016, respectively) (203,067) (202,586)
Total stockholders' equity 3,804,762 3,750,134
Total liabilities and stockholders' equity $ 6,198,228 $ 6,371,877