Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 68,772 $ 149,036
Accounts receivable - net of allowance for credit losses of $1,497 and $1,049, respectively 84,244 212,183
Inventories 2,729 2,436
Prepaid expenses 11,199 10,815
Other current assets 782 1,121
Total current assets 167,726 375,591
PROPERTY AND EQUIPMENT - Net of accumulated depreciation 880,477 1,047,535
OPERATING LEASE RIGHT-OF-USE ASSETS 709 989
OTHER NONCURRENT ASSETS:    
Goodwill 0 9,425
Other noncurrent assets 1,827 2,571
Total other noncurrent assets 1,827 11,996
TOTAL ASSETS 1,050,739 1,436,111
CURRENT LIABILITIES:    
Accounts payable 79,153 193,096
Accrued and other current liabilities 24,676 36,343
Operating lease liabilities 334 302
Finance lease liabilities 0 2,831
Accrued interest payable 0 394
Total current liabilities 104,163 232,966
DEFERRED INCOME TAXES 75,340 103,041
LONG-TERM DEBT 0 130,000
NONCURRENT OPERATING LEASE LIABILITIES 465 799
Total liabilities 179,968 466,806
COMMITMENTS AND CONTINGENCIES (Note 15)
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, 100,912,777 and 100,624,099 shares issued, respectively 101 101
Additional paid-in capital 835,115 826,629
Retained earnings 35,555 142,575
Total shareholders’ equity 870,771 969,305
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,050,739 $ 1,436,111