v3.8.0.1
CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 141,549 $ 119,691
Accounts and Notes Receivable, net of allowance for bad debts of $7,564 in 2017 and $8,259 in 2016 122,511 113,231
Rig materials and supplies 31,415 32,354
Deferred costs 3,145 1,436
Other tax assets 4,889 6,475
Other current assets 14,327 13,131
Total current assets 317,836 286,318
Property, plant and equipment, net of accumulated depreciation of $1,343,105 in 2017 and $1,320,644 in 2016 (Note 4) 625,771 693,439
Goodwill (Note 2) 6,708 6,708
Intangible assets, net (Note 2) 7,128 9,928
Rig materials and supplies 18,788 22,439
Deferred income taxes 1,284 70,309
Other assets 12,764 14,410
Total assets 990,279 1,103,551
Current liabilities:    
Accounts payable 41,523 42,655
Accrued liabilities 57,723 56,186
Accrued income taxes 4,430 4,080
Total current liabilities 103,676 102,921
Long-term debt, net of unamortized debt issuance costs of $7,029 at December 31, 2017 and $8,674 at December 31, 2016 577,971 576,326
Other long-term liabilities 12,433 15,836
Long-term deferred tax liability 78 69,333
Commitments and contingencies (Note 13) 0 0
Stockholders’ equity:    
Preferred Stock, $1.00 par value, 1,942,000 shares authorized, 7.25% Series A Mandatory Convertible, 500,000 shares issued and outstanding (none in 2016) 500 0
Common Stock, $0.16 2/3 par value, authorized 280,000,000 shares, issued and outstanding, 138,935,734 shares (125,118,365 shares in 2016) 23,140 20,837
Capital in excess of par value 744,746 675,194
Accumulated deficit (468,753) (350,052)
Accumulated Other Comprehensive Income (3,512) (6,844)
Total stockholders’ equity 296,121 339,135
Total liabilities and stockholders’ equity $ 990,279 $ 1,103,551

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