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, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 55,859 $ 68,772
Accounts receivable - net of allowance for credit losses of $0 and $1,497, respectively 110,386 84,244
Inventories 2,329 2,729
Prepaid expenses 7,853 11,199
Other current assets 14 782
Total current assets 176,441 167,726
PROPERTY AND EQUIPMENT - net of accumulated depreciation 866,050 880,477
OPERATING LEASE RIGHT-OF-USE ASSETS 636 709
OTHER NONCURRENT ASSETS:    
Other noncurrent assets 1,656 1,827
Total other noncurrent assets 1,656 1,827
TOTAL ASSETS 1,044,783 1,050,739
CURRENT LIABILITIES:    
Accounts payable 108,931 79,153
Operating lease liabilities 342 334
Accrued and other current liabilities 19,186 24,676
Total current liabilities 128,459 104,163
DEFERRED INCOME TAXES 68,677 75,340
NONCURRENT OPERATING LEASE LIABILITIES 378 465
Total liabilities 197,514 179,968
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, 102,057,815 and 100,912,777 shares issued, respectively 102 101
Additional paid-in capital 831,987 835,115
Retained earnings 15,180 35,555
Total shareholders’ equity 847,269 870,771
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,044,783 $ 1,050,739