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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 311,357 $ 405,869
Restricted cash 34,308 24,511
Accounts receivable 151,224 136,222
Less: allowance for credit losses (5,571) (5,562)
Accounts receivable, net 145,653 130,660
Prepaid expenses and other current assets 89,666 62,275
Assets held for sale 1,000 2,000
Total current assets 581,984 625,315
Drilling and other property and equipment, net of accumulated depreciation 3,900,414 4,122,809
Other assets 197,044 200,329
Total assets 4,679,442 4,948,453
Current liabilities:    
Accounts payable 69,278 33,437
Accrued liabilities 236,649 140,788
Taxes payable 28,432 27,214
Current maturities of long-term debt 442,034  
Total current liabilities 776,393 201,439
Deferred tax liability 22,766 28,338
Other liabilities 214,521 117,305
Commitments and contingencies (Note 9)
Total liabilities not subject to compromise 1,013,680 347,082
Liabilities subject to compromise 2,044,877 2,618,805
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; 145,263,865 shares issued and 138,054,311 shares outstanding at March 31, 2021 and December 31, 2020) 1,453 1,453
Additional paid-in capital 2,029,979 2,029,979
(Accumulated deficit) retained earnings (204,384) 157,297
Treasury stock, at cost (7,209,554 shares of common stock at March 31, 2021 and December 31, 2020) (206,163) (206,163)
Total stockholders’ equity 1,620,885 1,982,566
Total liabilities and stockholders’ equity $ 4,679,442 $ 4,948,453