Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED CONDENSED BALANCE SHEETS

v3.3.0.814
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 104,651 $ 108,456
Accounts and Notes Receivable, net of allowance for bad debts of $9,691 at September 30, 2015 and $11,188 at December 31, 2014. 224,996 270,952
Rig materials and supplies 38,516 47,943
Deferred costs 2,961 5,673
Deferred income taxes 5,448 7,476
Other tax assets 7,832 10,723
Other current assets 17,201 18,556
Total current assets 401,605 469,779
Property, plant and equipment, net of accumulated depreciation of $1,285,222 at September 30, 2015 and $1,201,058 at December 31, 2014. 841,923 895,940
Goodwill (Note 3) 6,708 0
Intangible assets, net (Note 3) 14,741 4,286
Debt issuance costs 13,136 12,526
Deferred income taxes 133,058 122,689
Other noncurrent assets 31,012 15,439
Total assets 1,442,183 1,520,659
Current liabilities:    
Current portion of long-term debt 0 10,000
Accounts payable and accrued liabilities 143,576 154,479
Accrued income taxes 6,594 14,186
Total current liabilities 150,170 178,665
Long-term debt 585,000 605,000
Other long-term liabilities 20,141 18,665
Long-term deferred tax liability 75,197 52,115
Stockholders’ equity:    
Common stock 20,517 20,325
Capital in excess of par value 670,700 666,769
Accumulated deficit (83,592) (24,165)
Accumulated other comprehensive (loss) (1,127) (498)
Total controlling interest stockholders’ equity 606,498 662,431
Noncontrolling interest 5,177 3,783
Total equity 611,675 666,214
Total liabilities and stockholders’ equity $ 1,442,183 $ 1,520,659