Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED CONDENSED BALANCE SHEETS

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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 149,688 $ 119,691
Accounts and Notes Receivable, net of allowance for bad debts of $8,019 at March 31, 2017 and $8,259 at December 31, 2016. 118,114 113,231
Rig materials and supplies 35,053 32,354
Other current assets 23,092 21,042
Total current assets 325,947 286,318
Property, plant and equipment, net of accumulated depreciation of $1,286,705 at March 31, 2017 and $1,320,644 at December 31, 2016. 676,881 693,439
Goodwill 6,708 6,708
Intangible assets, net 9,200 9,928
Deferred income taxes 74,416 70,309
Other noncurrent assets 36,403 36,849
Total assets 1,129,555 1,103,551
Current liabilities:    
Accounts payable and accrued liabilities 88,199 98,841
Accrued income taxes 5,510 4,080
Total current liabilities 93,709 102,921
Long-term debt, net of unamortized debt issuance costs of $8,272 at March 31, 2017 and $8,674 at December 31, 2016. 576,728 576,326
Other long-term liabilities 12,828 15,836
Deferred tax liability 72,849 69,333
Stockholders’ equity:    
Preferred Stock, Value, Issued 500 0
Common Stock, $0.16 2/3 par value, 280,000,000 shares authorized; 137,578,742 shares issued and outstanding (125,118,365 shares in 2016) 22,914 20,837
Capital in excess of par value 745,886 675,194
Accumulated deficit (389,861) (350,052)
Accumulated other comprehensive income (loss) (5,998) (6,844)
Total stockholders’ equity 373,441 339,135
Total liabilities and stockholders’ equity $ 1,129,555 $ 1,103,551