v3.19.2
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 139,099 $ 48,602
Restricted cash 2,024 10,389
Accounts and notes receivable, net of allowance for bad debts of $269 at June 30, 2019 and $7,767 at December 31, 2018 162,718 136,437
Rig materials and supplies 19,360 36,245
Other current assets 25,234 35,231
Total current assets 348,435 266,904
Property, plant and equipment, net of accumulated depreciation of $18,742 at June 30, 2019 and $951,798 at December 31, 2018 304,978 534,371
Intangible assets, net (Note 4) 16,558 4,821
Deferred income taxes 4,618 2,143
Other non-current assets 33,322 20,175
Total assets 707,911 828,414
Current liabilities:    
Debtor in possession financing (Note 2) 0 10,000
Accounts payable and accrued liabilities 121,245 75,063
Accrued income taxes 5,021 3,385
Total current liabilities 126,266 88,448
Long-term debt (Note 6) 211,132 0
Other long-term liabilities 16,801 11,544
Long-term deferred tax liability 4,554 510
Commitments and contingencies (Note 9)
Total liabilities not subject to compromise 358,753 100,502
Liabilities subject to compromise (Note 2) 0 600,996
Total liabilities 358,753 701,498
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) (152) (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 344,519  
Retained earnings (accumulated deficit) 4,641 (634,450)
Total stockholders’ equity 349,158 126,916
Total liabilities and stockholders’ equity $ 707,911 $ 828,414

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