v3.19.3
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 101,106 $ 48,602
Restricted cash 0 10,389
Accounts and notes receivable, net of allowance for bad debts of $80 at September 30, 2019 and $7,767 at December 31, 2018 167,236 136,437
Rig materials and supplies 22,367 36,245
Other current assets 28,380 35,231
Total current assets 319,089 266,904
Property, plant and equipment, net of accumulated depreciation of $37,341 at September 30, 2019 and $951,798 at December 31, 2018 297,213 534,371
Intangible assets, net (Note 4) 15,117 4,821
Deferred income taxes 4,608 2,143
Other non-current assets 31,630 20,175
Total assets 667,657 828,414
Current liabilities:    
Debtor in possession financing (Note 2) 0 10,000
Accounts payable and accrued liabilities 107,638 75,063
Accrued income taxes 6,352 3,385
Total current liabilities 113,990 88,448
Long-term debt (Note 6) 177,032 0
Other long-term liabilities 15,328 11,544
Long-term deferred tax liability 6,491 510
Commitments and contingencies (Note 9)
Total liabilities not subject to compromise 312,841 100,502
Liabilities subject to compromise (Note 2) 0 600,996
Total liabilities 312,841 701,498
Stockholders' equity:    
Predecessor preferred stock, $1.00 par value, 1,942,000 shares authorized, 500,000 shares issued and outstanding   500
Predecessor common stock, $0.16 2/3 par value, 18,666,667 shares authorized, 9,385,060 shares issued and outstanding (9,384,669 shares issued and outstanding in 2018)   1,398
Predecessor capital in excess of par value   766,347
Accumulated other comprehensive income (loss) 205 (6,879)
Successor common stock, $0.01 par value, 500,000,000 shares authorized, 15,044,739 shares issued and outstanding 150  
Successor capital in excess of par value 345,831  
Retained earnings (accumulated deficit) 8,630 (634,450)
Total stockholders’ equity 354,816 126,916
Total liabilities and stockholders’ equity $ 667,657 $ 828,414

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