Supplemental Financial Information (Tables)

9 Months Ended

Sep. 30, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Accounts Receivable, Net of Allowance for Credit Losses

Accounts receivable, net of allowance for credit losses, consist of the following (in thousands):

	September 30,			December 31,
	2020			2019
Trade receivables	$	123,025		$	199,572
Value added tax receivables		12,505			17,716
Federal income tax receivables		8,420			38,574
Related party receivables		75			166
Other		232			287
		144,257			256,315
Allowance for credit losses		(5,633	)		(5,459	)
Total	$	138,624		$	250,856

Prepaid Expenses and Other Current Assets

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

	September 30,		December 31,
	2020		2019
Deferred contract costs	$	18,770	$	20,019
Prepaid taxes		15,174		12,475
Rig spare parts and supplies		13,465		18,250
Current contract assets		3,266		6,314
Prepaid insurance		3,247		2,892
Prepaid rig costs		2,459		2,990
Prepaid legal retainers		2,454		—
Other		4,434		5,718
Total	$	63,269	$	68,658

Accrued Liabilities

Accrued liabilities consist of the following (in thousands):

	September 30,		December 31,
	2020		2019
Deferred revenue	$	45,389	$	9,573
Payroll and benefits		31,652		42,494
Shorebase and administrative costs		19,890		5,275
Rig operating expenses		17,355		37,969
Personal injury and other claims		6,210		7,074
Accrued capital project/upgrade costs		4,772		56,603
Current operating lease liability		620		20,030
Interest payable		—		28,234
Other		1,628		3,528
Total	$	127,516	$	210,780

Noncash Operating and Investing Activities

Noncash operating and 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,
	2020			2019
Accrued but unpaid capital expenditures at period end	$	5,242		$	39,169
Common stock withheld for payroll tax obligations (1)		395			1,381
Cash interest payments		19,843			76,219
Cash paid for reorganization items, net		23,818			—
Cash income taxes paid, net of (refunds):
Foreign		11,229			13,227
U.S. Federal		(42,462	)		—
State		36			(15	)

⁽¹⁾ Represents the cost of 131,698 shares and 129,456 shares of common stock withheld to satisfy payroll tax obligations incurred as a result of the vesting of restricted stock units during the nine-month periods ended September 30, 2020 and 2019, respectively. These costs are presented as a deduction from stockholders’ equity in “Treasury stock” in our unaudited Condensed Consolidated Balance Sheets at September 30, 2020 and 2019, respectively.