Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 72,701 $ 68,772
Accounts receivable - net of allowance for credit losses of $140 and $1,497, respectively 138,309 84,244
Inventories 2,641 2,729
Prepaid expenses 3,469 11,199
Other current assets 14 782
Total current assets 217,134 167,726
PROPERTY AND EQUIPMENT - net of accumulated depreciation 847,512 880,477
OPERATING LEASE RIGHT-OF-USE ASSETS 562 709
OTHER NONCURRENT ASSETS:    
Other noncurrent assets 1,578 1,827
Total other noncurrent assets 1,578 1,827
TOTAL ASSETS 1,066,786 1,050,739
CURRENT LIABILITIES:    
Accounts payable 136,364 79,153
Operating lease liabilities 351 334
Accrued and other current liabilities 20,062 24,676
Total current liabilities 156,777 104,163
DEFERRED INCOME TAXES 64,980 75,340
NONCURRENT OPERATING LEASE LIABILITIES 286 465
Total liabilities 222,043 179,968
COMMITMENTS AND CONTINGENCIES (Note 10)
SHAREHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value, 30,000,000 shares authorized, none issued, respectively 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized, 103,227,040 and 100,912,777 shares issued, respectively 103 101
Additional paid-in capital 837,971 835,115
Retained earnings 6,669 35,555
Total shareholders’ equity 844,743 870,771
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,066,786 $ 1,050,739