Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 84,601 $ 68,772
Accounts receivable - net of allowance for credit losses of $217 and $1,497, respectively 149,650 84,244
Inventories 3,477 2,729
Prepaid expenses 5,197 11,199
Other current assets 14 782
Total current assets 242,939 167,726
PROPERTY AND EQUIPMENT - net of accumulated depreciation 853,928 880,477
OPERATING LEASE RIGHT-OF-USE ASSETS 486 709
OTHER NONCURRENT ASSETS:    
Other noncurrent assets 1,397 1,827
Total other noncurrent assets 1,397 1,827
TOTAL ASSETS 1,098,750 1,050,739
CURRENT LIABILITIES:    
Accounts payable 167,085 79,153
Operating lease liabilities 360 334
Accrued and other current liabilities 24,597 24,676
Total current liabilities 192,042 104,163
DEFERRED INCOME TAXES 63,701 75,340
NONCURRENT OPERATING LEASE LIABILITIES 192 465
Total liabilities 255,935 179,968
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, 103,259,971 and 100,912,777 shares issued, respectively 103 101
Additional paid-in capital 841,110 835,115
Retained earnings 1,602 35,555
Total shareholders’ equity 842,815 870,771
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,098,750 $ 1,050,739