Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 132,700 $ 23,949
Accounts receivable - net of allowance for doubtful accounts of $100 and $443, respectively 202,956 199,656
Inventories 6,353 6,184
Prepaid expenses 6,610 5,123
Other current assets 638 748
Total current assets 349,257 235,660
PROPERTY AND EQUIPMENT - Net of accumulated depreciation 912,846 470,910
OTHER NONCURRENT ASSETS:    
Goodwill 9,425 9,425
Intangible assets - net of amortization 13 301
Deferred revenue rebate - net of amortization 0 615
Other noncurrent assets 2,981 2,121
Total other noncurrent assets 12,419 12,462
TOTAL ASSETS 1,274,522 719,032
CURRENT LIABILITIES:    
Accounts payable 214,460 211,149
Accrued liabilities 138,089 16,607
Current portion of long-term debt 0 15,764
Accrued interest payable 211 76
Total current liabilities 352,760 243,596
DEFERRED INCOME TAXES 54,283 4,881
LONG-TERM DEBT 70,000 57,178
OTHER LONG-TERM LIABILITIES 124 125
Total liabilities 477,167 305,780
COMMITMENTS AND CONTINGENCIES (Note 17)
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,100,190,126 and 83,039,854 shares issued, respectively 100 83
Additional paid-in capital 817,690 607,466
Accumulated deficit (20,435) (194,297)
Total shareholders’ equity 797,355 413,252
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,274,522 $ 719,032