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, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 83,687 $ 87,886
Accounts and notes receivable, net of allowance for bad debts of $7,667 and $8,117 at March 31, 2013 and December 31, 2012 187,632 168,562
Rig materials and supplies 29,388 28,860
Deferred costs 3,775 1,089
Deferred income taxes 10,406 8,742
Other tax assets 37,810 33,524
Assets held for sale 11,526 11,550
Other current assets 12,689 12,821
Total current assets 376,913 353,034
Property, plant and equipment less accumulated depreciation and amortization of $1,026,370 and $1,003,640 at March 31, 2013 and December 31, 2012 784,795 786,158
Deferred income taxes 99,898 95,295
Other noncurrent assets 18,483 21,246
Total assets 1,280,089 1,255,733
Current liabilities:    
Current portion of long-term debt 10,000 10,000
Accounts payable and accrued liabilities 156,650 137,746
Accrued income taxes 5,414 4,120
Total current liabilities 172,064 151,866
Long-term debt 466,449 469,205
Other long-term liabilities 22,756 23,182
Long-term deferred tax liability 25,507 20,847
Contingencies (Note 10)      
Stockholders' equity:    
Common stock 19,902 19,818
Capital in excess of par value 648,241 646,217
Accumulated deficit (74,039) (74,631)
Total controlling interest stockholders' equity 594,104 591,404
Noncontrolling interest (791) (771)
Total equity 593,313 590,633
Total liabilities and stockholders' equity $ 1,280,089 $ 1,255,733