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, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 93,061 $ 148,689
Accounts and notes receivable, net of allowance for bad debts of $11,292 and $12,853 at March 31, 2014 and December 31, 2013 264,437 257,889
Rig materials and supplies 44,488 41,781
Deferred costs 10,698 13,682
Deferred income taxes 8,973 9,940
Other tax assets 23,313 24,079
Other current assets 20,162 23,223
Total current assets 465,132 519,283
Property, plant and equipment less accumulated depreciation and amortization of $1,160,435 and $1,136,024 at March 31, 2014 and December 31, 2013 874,300 871,356
Debt issuance costs 13,484 14,208
Deferred income taxes 118,431 102,420
Other noncurrent assets 29,021 27,489
Total assets 1,500,368 1,534,756
Current liabilities:    
Current portion of long-term debt 18,801 25,000
Accounts payable and accrued liabilities 167,455 174,886
Accrued income taxes 17,195 7,266
Total current liabilities 203,451 207,152
Long-term debt 612,574 628,781
Other long-term liabilities 17,527 26,914
Long-term deferred tax liability 41,026 38,767
Contingencies (Note 10) 0 0
Stockholders’ equity:    
Common stock 20,164 20,075
Capital in excess of par value 660,742 657,349
Accumulated deficit (60,163) (47,616)
Accumulated other comprehensive income 1,783 1,888
Total controlling interest stockholders’ equity 622,526 631,696
Noncontrolling interest 3,264 1,446
Total equity 625,790 633,142
Total liabilities and stockholders’ equity $ 1,500,368 $ 1,534,756