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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 192,243 $ 218,290
Restricted cash 26,401 5,755
Trade and other receivables, less allowance for credit losses of $651 as of September 30, 2020 and less allowance for doubtful accounts of $70 as of December 31, 2019 100,583 110,180
Due from affiliate less allowance for credit losses of $72,696 as of September 30, 2020 and less due from affiliate allowance of $20,083 as of December 31, 2019 65,692 125,972
Marine operating supplies 17,808 21,856
Assets held for sale 19,163 39,287
Prepaid expenses and other current assets 18,925 15,956
Total current assets 440,815 537,296
Net properties and equipment 820,876 938,961
Net deferred drydocking and survey costs 63,975 66,936
Other assets 25,108 36,335
Total assets 1,350,774 1,579,528
Current liabilities:    
Accounts payable 12,953 27,501
Accrued costs and expenses 55,811 74,000
Due to affiliates 53,355 50,186
Current portion of long-term debt 9,576 9,890
Other current liabilities 31,599 24,100
Total current liabilities 163,294 185,677
Long-term debt 246,179 279,044
Other liabilities 87,724 98,397
Contingencies (Note 10)
Equity:    
Common stock of $0.001 par value, 125,000,000 shares authorized, 40,460,982 and 39,941,327 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 40 40
Additional paid-in capital 1,370,778 1,367,521
Accumulated deficit (519,684) (352,526)
Accumulated other comprehensive income (loss) 1,106 (236)
Total stockholders’ equity 852,240 1,014,799
Noncontrolling interests 1,337 1,611
Total equity 853,577 1,016,410
Total liabilities and equity $ 1,350,774 $ 1,579,528