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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 209,132 $ 154,073
Marketable securities   299,849
Accounts receivable, net of allowance for bad debts 237,621 168,620
Prepaid expenses and other current assets 66,669 163,396
Asset held for sale 1,000  
Total current assets 514,422 785,938
Drilling and other property and equipment, net of accumulated depreciation 5,150,876 5,184,222
Other assets 205,736 65,534
Total assets 5,871,034 6,035,694
Current liabilities:    
Accounts payable 68,760 43,933
Accrued liabilities 190,204 172,228
Taxes payable 20,242 20,685
Total current liabilities 279,206 236,846
Long-term debt 1,975,275 1,973,922
Deferred tax liability 54,119 104,380
Other liabilities 257,110 135,893
Total liabilities 2,565,710 2,451,041
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; 144,769,078 shares issued and 137,694,313 shares outstanding at September 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 2,022,672 2,018,143
Retained earnings 1,486,971 1,769,415
Accumulated other comprehensive (loss) gain (16) 21
Treasury stock, at cost (7,074,765 and 6,945,309 shares of common stock at September 30, 2019 and December 31, 2018, respectively) (205,751) (204,370)
Total stockholders’ equity 3,305,324 3,584,653
Total liabilities and stockholders’ equity $ 5,871,034 $ 6,035,694