Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 114,127 $ 97,869
Accounts and notes receivable, net of allowance for bad debts of $4,152 and $1,544 at September 30, 2012 and December 31, 2011 160,449 183,923
Rig materials and supplies 22,934 29,947
Deferred costs 1,209 3,249
Deferred income taxes 6,615 6,650
Other tax assets 29,016 25,358
Assets held for sale 11,656 5,315
Other current assets 12,199 15,302
Total current assets 358,205 367,613
Property, plant and equipment less accumulated depreciation and amortization of $998,389 and $970,276 at September 30, 2012 and December 31, 2011 773,244 719,809
Deferred income taxes 99,586 108,311
Other noncurrent assets 25,854 20,513
Total assets 1,256,889 1,216,246
Current liabilities:    
Current portion of long-term debt 43,000 145,723
Accounts payable and accrued liabilities 129,712 135,250
Accrued income taxes 5,242 4,837
Total current liabilities 177,954 285,810
Long-term debt 429,462 337,000
Other long-term liabilities 25,270 33,452
Long-term deferred tax liability 15,578 15,934
Contingencies (Note 11)      
Stockholders' equity:    
Common stock 19,753 19,508
Capital in excess of par value 644,107 637,042
Accumulated deficit (54,533) (111,944)
Total controlling interest stockholders' equity 609,327 544,606
Noncontrolling interest (702) (556)
Total equity 608,625 544,050
Total liabilities and stockholders' equity $ 1,256,889 $ 1,216,246