Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Balance Sheets

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Consolidated Condensed Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 77,467 $ 97,869
Accounts and notes receivable, net of allowance for bad debts of $2,561 and $1,544 at June 30, 2012 and December 31, 2011 176,190 183,923
Rig materials and supplies 24,246 29,947
Deferred costs 2,859 3,249
Deferred income taxes 6,380 6,650
Other tax assets 34,517 25,358
Assets held for sale 5,312 5,315
Other current assets 12,363 15,302
Total current assets 339,334 367,613
Property, plant and equipment less accumulated depreciation and amortization of $1,016,353 and $970,276 at June 30, 2012 and December 31, 2011 770,761 719,809
Deferred income taxes 99,622 108,311
Other noncurrent assets 27,649 20,513
Total assets 1,237,366 1,216,246
Current liabilities:    
Current portion of long-term debt 51,136 145,723
Accounts payable and accrued liabilities 107,461 135,250
Accrued income taxes 5,271 4,837
Total current liabilities 163,868 285,810
Long-term debt 429,888 337,000
Other long-term liabilities 29,535 33,452
Long-term deferred tax liability 17,830 15,934
Contingencies (Note 11)      
Stockholders' equity:    
Common stock 19,696 19,508
Capital in excess of par value 642,616 637,042
Accumulated deficit (65,469) (111,944)
Total controlling interest stockholders' equity 596,843 544,606
Noncontrolling interest (598) (556)
Total equity 596,245 544,050
Total liabilities and stockholders' equity $ 1,237,366 $ 1,216,246