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, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 109,191 $ 132,700
Accounts receivable - net of allowance for doubtful accounts of $575 and $100, respectively 275,749 202,956
Inventories 1,850 6,353
Prepaid expenses 4,417 6,610
Other current assets 1,521 638
Total current assets 392,728 349,257
PROPERTY AND EQUIPMENT - net of accumulated depreciation 1,050,039 912,846
OPERATING LEASE RIGHT-OF-USE ASSETS 1,055 0
OTHER NONCURRENT ASSETS:    
Goodwill 9,425 9,425
Intangible assets - net of amortization 0 13
Other noncurrent assets 2,796 2,981
Total other noncurrent assets 12,221 12,419
TOTAL ASSETS 1,456,043 1,274,522
CURRENT LIABILITIES:    
Accounts payable 249,087 214,460
Operating lease liabilities 294 0
Finance lease liabilities 2,917 0
Accrued and other current liabilities 31,293 138,089
Accrued interest payable 569 211
Total current liabilities 284,160 352,760
DEFERRED INCOME TAXES 96,906 54,283
LONG-TERM DEBT 130,000 70,000
NONCURRENT OPERATING LEASE LIABILITIES 877 0
OTHER LONG-TERM LIABILITIES 0 124
Total liabilities 511,943 477,167
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,100,617,240 and 100,190,126 shares issued, respectively 101 100
Additional paid-in capital 824,099 817,690
Retained earnings (accumulated deficit) 119,900 (20,435)
Total shareholders’ equity 944,100 797,355
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,456,043 $ 1,274,522