Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Balance Sheets

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Consolidated Condensed Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 68,996 $ 97,869
Accounts and notes receivable, net of allowance for bad debts of $1,724 and $1,544 at March 31, 2012 and December 31, 2011 191,206 183,923
Rig materials and supplies 25,413 29,947
Deferred costs 4,989 3,249
Deferred income taxes 5,823 6,650
Other tax assets 34,063 25,358
Assets held for sale 5,315 5,315
Other current assets 8,641 15,302
Total current assets 344,446 367,613
Property, plant and equipment less accumulated depreciation and amortization of $993,410 and $970,276 at March 31, 2012 and December 31, 2011 750,804 719,809
Deferred income taxes 106,018 108,311
Other noncurrent assets 24,685 20,513
Total assets 1,225,953 1,216,246
Current liabilities:    
Current portion of long-term debt 147,249 145,723
Accounts payable and accrued liabilities 119,799 135,250
Accrued income taxes 5,184 4,837
Total current liabilities 272,232 285,810
Long-term debt 331,000 337,000
Other long-term liabilities 30,087 33,452
Long-term deferred tax liability 18,250 15,934
Contingencies (Note 11)      
Stockholders' equity:    
Common stock 19,584 19,508
Capital in excess of par value 640,974 637,042
Accumulated deficit (85,552) (111,944)
Total controlling interest stockholders' equity 575,006 544,606
Noncontrolling interest (622) (556)
Total equity 574,384 544,050
Total liabilities and stockholders' equity $ 1,225,953 $ 1,216,246