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
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 86,446 $ 148,689
Accounts and notes receivable, net of allowance for bad debts of $11,137 and $12,853 at June 30, 2014 and December 31, 2013 258,578 257,889
Rig materials and supplies 45,501 41,781
Deferred costs 9,621 13,682
Deferred income taxes 8,876 9,940
Other tax assets 23,871 24,079
Other current assets 26,708 23,223
Total current assets 459,601 519,283
Property, plant and equipment less accumulated depreciation and amortization of $1,180,485 and $1,136,024 at June 30, 2014 and December 31, 2013 906,099 871,356
Debt issuance costs 13,088 14,208
Deferred income taxes 121,483 102,420
Other noncurrent assets 23,705 27,489
Total assets 1,523,976 1,534,756
Current liabilities:    
Current portion of long-term debt 10,000 25,000
Accounts payable and accrued liabilities 180,702 174,886
Accrued income taxes 10,567 7,266
Total current liabilities 201,269 207,152
Long-term debt 610,000 628,781
Other long-term liabilities 20,357 26,914
Long-term deferred tax liability 47,915 38,767
Contingencies (Note 10) 0 0
Stockholders’ equity:    
Common stock 20,275 20,075
Capital in excess of par value 663,369 657,349
Accumulated deficit (44,484) (47,616)
Accumulated other comprehensive income 1,931 1,888
Total controlling interest stockholders’ equity 641,091 631,696
Noncontrolling interest 3,344 1,446
Total equity 644,435 633,142
Total liabilities and stockholders’ equity $ 1,523,976 $ 1,534,756