Supplemental Financial Information

9 Months Ended

Sep. 30, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

4. Supplemental Financial Information

Condensed Consolidated Balance Sheets Information

Accounts receivable, net of allowance for bad debts, consist of the following (in thousands):

	September 30,			December 31,
	2019			2018
Trade receivables	$	185,934		$	160,463
Federal income tax receivables		38,574			—
Value added tax receivables		18,266			13,237
Related party receivables		132			174
Other		174			205
		243,080			174,079
Allowance for bad debts		(5,459	)		(5,459	)
Total	$	237,621		$	168,620

Prepaid expenses and other current assets consist of the following (in thousands):

	September 30,		December 31,
	2019		2018
Deferred contract costs	$	26,252	$	70,021
Rig spare parts and supplies		17,331		20,256
Current contract assets		8,638		6,832
Prepaid rig costs		4,041		5,247
Prepaid insurance		3,587		2,742
Prepaid taxes		826		54,412
Other		5,994		3,886
Total	$	66,669	$	163,396

Accrued liabilities consist of the following (in thousands):

	September 30,		December 31,
	2019		2018
Accrued capital project/upgrade costs	$	39,169	$	37,379
Payroll and benefits		38,370		47,564
Interest payable		36,813		28,234
Rig operating expenses		35,422		42,323
Current operating lease liability		19,143		-
Personal injury and other claims		6,790		5,544
Deferred revenue		6,056		2,803
Shorebase and administrative costs		4,871		6,217
Other		3,570		2,164
Total	$	190,204	$	172,228

We adopted ASU 2016-02 effective January 1, 2019, which required us to recognize a right of use asset and a lease liability on the balance sheet for most leases. See Note 9.

Condensed Consolidated Statements of Cash Flows Information

Noncash investing activities excluded from the unaudited Condensed Consolidated Statements of Cash Flows and other supplemental cash flow information is as follows (in thousands):

	Nine Months Ended September 30,
	2019			2018
Accrued but unpaid capital expenditures at period end	$	39,169		$	19,413
Common stock withheld for payroll tax obligations ⁽¹⁾		1,381			1,285
Cash interest payments		76,219			76,219
Cash income taxes paid, net of (refunds):
Foreign		13,227			5,941
U.S. Federal		—			(7,389	)
State		(15	)		2

⁽¹⁾

^{Represents the cost of 129,456 shares and 86,544 shares of common stock withheld to satisfy payroll tax obligations incurred as a result of the vesting of restricted stock units in the nine-month periods ended September 30, 2019 and 2018, respectively. These costs are presented as a deduction from stockholders’ equity in “Treasury stock” in our unaudited Condensed Consolidated Balance Sheets at September 30, 2019 and 2018, respectively.}