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, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 54,255 $ 149,036
Accounts receivable - net of allowance for credit losses of $1,497 and $1,049, respectively 94,663 212,183
Inventories 1,849 2,436
Prepaid expenses 6,189 10,815
Other current assets 117 1,121
Total current assets 157,073 375,591
PROPERTY AND EQUIPMENT - net of accumulated depreciation 936,283 1,047,535
OPERATING LEASE RIGHT-OF-USE ASSETS 781 989
OTHER NONCURRENT ASSETS:    
Goodwill 0 9,425
Other noncurrent assets 2,000 2,571
Total other noncurrent assets 2,000 11,996
TOTAL ASSETS 1,096,137 1,436,111
CURRENT LIABILITIES:    
Accounts payable 71,577 193,096
Operating lease liabilities 326 302
Finance lease liabilities 0 2,831
Accrued and other current liabilities 24,364 36,343
Accrued interest payable 0 394
Total current liabilities 96,267 232,966
DEFERRED INCOME TAXES 87,551 103,041
LONG-TERM DEBT 0 130,000
NONCURRENT OPERATING LEASE LIABILITIES 552 799
Total liabilities 184,370 466,806
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, 100,898,445 and 100,624,099 shares issued, respectively 101 101
Additional paid-in capital 831,999 826,629
Retained earnings 79,667 142,575
Total shareholders’ equity 911,767 969,305
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 1,096,137 1,436,111
Allowance for credit losses $ 1,497 $ 1,049
Preferred stock, authorized (in shares) 30,000,000 30,000,000
Common stock, authorized (in shares) 200,000,000 200,000,000
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Preferred stock, issued (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.001 $ 0.001