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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 203,119 $ 218,290
Restricted cash 19,880 5,755
Trade and other receivables, less allowance for credit losses of $556 as of June 30, 2020 and less allowance for doubtful accounts of $70 as of December 31, 2019. 115,008 110,180
Due from affiliate less allowance for credit losses of $71,959 as of June 30, 2020 and less due from affiliate allowance of $20,083 as of December 31, 2019 65,766 125,972
Marine operating supplies 20,580 21,856
Assets held for sale 29,064 39,287
Prepaid expenses and other current assets 20,350 15,956
Total current assets 473,767 537,296
Net properties and equipment 839,912 938,961
Net deferred drydocking and survey costs 74,585 66,936
Other assets 27,411 36,335
Total assets 1,415,675 1,579,528
Current liabilities:    
Accounts payable 17,111 27,501
Accrued costs and expenses 60,993 74,000
Due to affiliates 48,803 50,186
Current portion of long-term debt 9,437 9,890
Other current liabilities 25,815 24,100
Total current liabilities 162,159 185,677
Long-term debt 273,215 279,044
Other liabilities 90,301 98,397
Contingencies (Note 10)
Equity:    
Common stock of $0.001 par value, 125,000,000 shares authorized, 40,335,963 and 39,941,327 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 40 40
Additional paid-in capital 1,369,645 1,367,521
Accumulated deficit (481,757) (352,526)
Accumulated other comprehensive income (loss) 581 (236)
Total stockholders’ equity 888,509 1,014,799
Noncontrolling interests 1,491 1,611
Total equity 890,000 1,016,410
Total liabilities and equity $ 1,415,675 $ 1,579,528