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, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 43,208 $ 111,918
Accounts receivable - net of allowance for credit losses of $217 and $217, respectively 210,522 128,148
Inventories 3,944 3,949
Prepaid expenses 4,026 6,752
Short-term investment, net 8,503 0
Other current assets 30,038 297
Total current assets 300,241 251,064
PROPERTY AND EQUIPMENT - net of accumulated depreciation 841,513 808,494
OPERATING LEASE RIGHT-OF-USE ASSETS 600 409
OTHER NONCURRENT ASSETS:    
Other noncurrent assets 1,252 1,269
Total other noncurrent assets 1,252 1,269
TOTAL ASSETS 1,143,606 1,061,236
CURRENT LIABILITIES:    
Accounts payable 187,381 152,649
Operating lease liabilities 490 369
Accrued and other current liabilities 65,946 20,767
Total current liabilities 253,817 173,785
DEFERRED INCOME TAXES 59,127 61,052
NONCURRENT OPERATING LEASE LIABILITIES 124 97
Total liabilities 313,068 234,934
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, 104,426,520 and 103,437,177 shares issued, respectively 104 103
Additional paid-in capital 860,075 844,829
Accumulated deficit (29,641) (18,630)
Total shareholders’ equity 830,538 826,302
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,143,606 $ 1,061,236