Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED CONDENSED BALANCE SHEETS

v3.5.0.2
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 103,613 $ 134,294
Accounts and Notes Receivable, net of allowance for bad debts of $7,388 at September 30, 2016 and $8,694 at December 31, 2015. 130,616 175,105
Rig materials and supplies 32,681 34,937
Other current assets 22,514 22,405
Total current assets 289,424 366,741
Property, plant and equipment, net of accumulated depreciation of $1,374,409 at September 30, 2016 and $1,302,380 at December 31, 2015. 718,254 805,841
Goodwill 6,708 6,708
Intangible assets, net 10,660 13,377
Deferred income taxes 87,653 139,282
Other noncurrent assets 37,183 34,753
Total assets 1,149,882 1,366,702
Current liabilities:    
Accounts payable and accrued liabilities 86,107 129,703
Accrued income taxes 7,186 6,418
Total current liabilities 93,293 136,121
Long-term debt, net of unamortized debt issuance costs of $9,065 at September 30, 2016 and $10,202 at December 31, 2015. 575,935 574,798
Other long-term liabilities 16,161 18,617
Deferred tax liability 78,893 68,654
Stockholders’ equity:    
Common stock 20,829 20,518
Capital in excess of par value 671,977 669,120
Accumulated deficit (301,123) (119,238)
Accumulated other comprehensive loss (6,083) (1,888)
Total stockholders’ equity 385,600 568,512
Total liabilities and stockholders’ equity $ 1,149,882 $ 1,366,702