Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED CONDENSED BALANCE SHEETS

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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 146,234 $ 119,691
Accounts and Notes Receivable, net of allowance for bad debts of $7,912 at June 30, 2017 and $8,259 at December 31, 2016. 120,070 113,231
Rig materials and supplies 35,270 32,354
Other current assets 25,708 21,042
Total current assets 327,282 286,318
Property, plant and equipment, net of accumulated depreciation of $1,312,421 at June 30, 2017 and $1,320,644 at December 31, 2016. 667,042 693,439
Goodwill 6,708 6,708
Intangible assets, net 8,470 9,928
Deferred income taxes 79,152 70,309
Other noncurrent assets 33,452 36,849
Total assets 1,122,106 1,103,551
Current liabilities:    
Accounts payable and accrued liabilities 106,303 98,841
Accrued income taxes 5,136 4,080
Total current liabilities 111,439 102,921
Long-term debt, net of unamortized debt issuance costs of $7,867 at June 30, 2017 and $8,674 at December 31, 2016. 577,133 576,326
Other long-term liabilities 12,518 15,836
Deferred tax liability 77,221 69,333
Stockholders’ equity:    
Preferred Stock, Value, Issued 500 0
Common Stock, $0.16 2/3 par value, 280,000,000 shares authorized; 137,578,742 shares issued and outstanding (125,118,365 shares in 2016) 23,026 20,837
Capital in excess of par value 745,145 675,194
Accumulated deficit (419,749) (350,052)
Accumulated other comprehensive income (loss) (5,127) (6,844)
Total stockholders’ equity 343,795 339,135
Total liabilities and stockholders’ equity $ 1,122,106 $ 1,103,551