Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED CONDENSED BALANCE SHEETS

v2.4.0.8
CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 78,311 $ 148,689
Accounts and Notes Receivable, net of allowance for bad debts of $10,470 in 2014 and $12,853 in 2013 264,803 257,889
Rig materials and supplies 45,774 41,781
Deferred costs 6,857 13,682
Deferred income taxes 8,015 9,940
Other tax assets 18,122 24,079
Other current assets 23,484 23,223
Total current assets 445,366 519,283
Property, plant and equipment less accumulated depreciation and amortization of $1,208,221 at September 30, 2014 and $1,136,024 at December 31, 2013 912,853 871,356
Debt issuance costs 12,876 14,208
Deferred income taxes 126,100 102,420
Other noncurrent assets 23,818 27,489
Total assets 1,521,013 1,534,756
Current liabilities:    
Current portion of long-term debt 10,000 25,000
Accounts payable and accrued liabilities 160,711 174,886
Accrued income taxes 11,753 7,266
Total current liabilities 182,464 207,152
Long-term debt 607,500 628,781
Other long-term liabilities 17,907 26,914
Long-term deferred tax liability 54,540 38,767
Contingencies (Note 10) 0 0
Stockholders’ equity:    
Common stock 20,316 20,075
Capital in excess of par value 665,805 657,349
Accumulated deficit (31,918) (47,616)
Accumulated other comprehensive income 766 1,888
Total controlling interest stockholders’ equity 654,969 631,696
Noncontrolling interest 3,633 1,446
Total equity 658,602 633,142
Total liabilities and stockholders’ equity $ 1,521,013 $ 1,534,756