Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 70,768 $ 111,918
Accounts receivable - net of allowance for credit losses of $217 and $217, respectively 172,180 128,148
Inventories 2,297 3,949
Prepaid expenses 5,092 6,752
Other current assets 491 297
Total current assets 250,828 251,064
PROPERTY AND EQUIPMENT - net of accumulated depreciation 831,625 808,494
OPERATING LEASE RIGHT-OF-USE ASSETS 909 409
OTHER NONCURRENT ASSETS:    
Other noncurrent assets 1,089 1,269
Total other noncurrent assets 1,089 1,269
TOTAL ASSETS 1,084,451 1,061,236
CURRENT LIABILITIES:    
Accounts payable 151,668 152,649
Operating lease liabilities 685 369
Accrued and other current liabilities 19,738 20,767
Total current liabilities 172,091 173,785
DEFERRED INCOME TAXES 64,878 61,052
NONCURRENT OPERATING LEASE LIABILITIES 270 97
Total liabilities 237,239 234,934
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, 103,999,626 and 103,437,177 shares issued, respectively 104 103
Additional paid-in capital 853,921 844,829
Accumulated deficit (6,813) (18,630)
Total shareholders’ equity 847,212 826,302
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,084,451 $ 1,061,236