Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash, cash equivalents and restricted cash $ 44,793 $ 88,862
Accounts receivable - net of allowance for credit losses of $202 and $419, respectively 290,125 215,925
Inventories 17,732 5,034
Prepaid expenses 9,211 8,643
Short-term investment, net 6,489 10,283
Other current assets 343 38
Total current assets 368,693 328,785
PROPERTY AND EQUIPMENT - net of accumulated depreciation 941,200 922,735
OPERATING LEASE RIGHT-OF-USE ASSETS 4,654 3,147
OTHER NONCURRENT ASSETS:    
Goodwill 23,624 23,624
Intangible assets - net of amortization 54,913 56,345
Other noncurrent assets 1,067 1,150
Total other noncurrent assets 79,604 81,119
TOTAL ASSETS 1,394,151 1,335,786
CURRENT LIABILITIES:    
Accounts payable 246,141 234,299
Accrued and other current liabilities 57,352 49,027
Operating lease liabilities 986 854
Total current liabilities 304,479 284,180
DEFERRED INCOME TAXES 73,073 65,265
LONG-TERM DEBT 30,000 30,000
NONCURRENT OPERATING LEASE LIABILITIES 3,676 2,308
Total liabilities 411,228 381,753
COMMITMENTS AND CONTINGENCIES (Note 12)
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, 115,170,545 and 114,515,008 shares issued, respectively 115 114
Additional paid-in capital 970,675 970,519
Retained earnings (accumulated deficit) 12,133 (16,600)
Total shareholders’ equity 982,923 954,033
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,394,151 $ 1,335,786