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, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 79,518 $ 132,700
Accounts receivable - net of allowance for doubtful accounts of $199 and $100, respectively 357,472 202,956
Inventories 5,870 6,353
Prepaid expenses 5,597 6,610
Other current assets 1,198 638
Total current assets 449,655 349,257
PROPERTY AND EQUIPMENT - Net of accumulated depreciation 945,089 912,846
OPERATING LEASE RIGHT-OF-USE ASSETS 1,734 0
OTHER NONCURRENT ASSETS:    
Goodwill 9,425 9,425
Intangible assets - net of amortization 0 13
Other noncurrent assets 3,102 2,981
Total other noncurrent assets 12,527 12,419
TOTAL ASSETS 1,409,005 1,274,522
CURRENT LIABILITIES:    
Accounts payable 274,016 214,460
Operating lease liabilities 416 0
Finance lease liabilities 3,042 0
Accrued and other current liabilities 24,492 138,089
Accrued interest payable 691 211
Total current liabilities 302,657 352,760
DEFERRED INCOME TAXES 75,366 54,283
LONG-TERM DEBT 160,000 70,000
NONCURRENT OPERATING LEASE LIABILITIES 1,441 0
OTHER LONG-TERM LIABILITIES 0 124
Total liabilities 539,464 477,167
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,100,294,098 and 100,190,126 shares issued, respectively 100 100
Additional paid-in capital 820,071 817,690
Accumulated surplus (deficit) 49,370 (20,435)
Total shareholders’ equity 869,541 797,355
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,409,005 $ 1,274,522