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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 147,509 $ 154,073
Marketable securities 149,945 299,849
Accounts receivable, net of allowance for bad debts 163,086 168,620
Prepaid expenses and other current assets 130,124 163,396
Total current assets 590,664 785,938
Drilling and other property and equipment, net of accumulated depreciation 5,163,696 5,184,222
Other assets 222,876 65,534
Total assets 5,977,236 6,035,694
Current liabilities:    
Accounts payable 60,533 43,933
Accrued liabilities 192,194 172,228
Taxes payable 16,722 20,685
Total current liabilities 269,449 236,846
Long-term debt 1,974,816 1,973,922
Deferred tax liability 74,281 104,380
Other liabilities 259,793 135,893
Total liabilities 2,578,339 2,451,041
Commitments and contingencies (Note 9)
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; 144,764,125 shares issued and 137,690,627 shares outstanding at June 30, 2019; 144,383,662 shares issued and 137,438,353 shares outstanding at December 31, 2018) 1,448 1,444
Additional paid-in capital 2,021,095 2,018,143
Retained earnings 1,582,099 1,769,415
Accumulated other comprehensive (loss) gain (6) 21
Treasury stock, at cost (7,073,498 and 6,945,309 shares of common stock at June 30, 2019 and December 31, 2018, respectively) (205,739) (204,370)
Total stockholders’ equity 3,398,897 3,584,653
Total liabilities and stockholders’ equity $ 5,977,236 $ 6,035,694