Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 36,279 $ 132,700
Accounts receivable - net of allowance for doubtful accounts of $575 and $100, respectively 371,478 202,956
Inventories 4,948 6,353
Prepaid expenses 4,934 6,610
Other current assets 328 638
Total current assets 417,967 349,257
PROPERTY AND EQUIPMENT - net of accumulated depreciation 1,038,557 912,846
OPERATING LEASE RIGHT-OF-USE ASSETS 1,636 0
OTHER NONCURRENT ASSETS:    
Goodwill 9,425 9,425
Intangible assets - net of amortization 0 13
Other noncurrent assets 2,972 2,981
Total other noncurrent assets 12,397 12,419
TOTAL ASSETS 1,470,557 1,274,522
CURRENT LIABILITIES:    
Accounts payable 284,730 214,460
Operating lease liabilities 425 0
Finance lease liabilities 2,980 0
Accrued and other current liabilities 36,204 138,089
Accrued interest payable 630 211
Total current liabilities 324,969 352,760
DEFERRED INCOME TAXES 85,221 54,283
LONG-TERM DEBT 150,000 70,000
NONCURRENT OPERATING LEASE LIABILITIES 1,330 0
OTHER LONG-TERM LIABILITIES 0 124
Total liabilities 561,520 477,167
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,100,551,319 and 100,190,126 shares issued, respectively 101 100
Additional paid-in capital 823,433 817,690
Retained earnings (accumulated deficit) 85,503 (20,435)
Total shareholders’ equity 909,037 797,355
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,470,557 $ 1,274,522