Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED CONDENSED BALANCE SHEETS

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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 121,039 $ 119,691
Accounts and Notes Receivable, net of allowance for bad debts of $7,861 at September 30, 2017 and $8,259 at December 31, 2016 128,234 113,231
Rig materials and supplies 34,312 32,354
Other current assets 26,405 21,042
Total current assets 309,990 286,318
Property, plant and equipment, net of accumulated depreciation of $1,338,545 at September 30, 2017 and $1,320,644 at December 31, 2016 647,193 693,439
Goodwill 6,708 6,708
Intangible assets, net 7,739 9,928
Deferred income taxes 81,606 70,309
Other noncurrent assets 33,194 36,849
Total assets 1,086,430 1,103,551
Current liabilities:    
Accounts payable and accrued liabilities 87,030 98,841
Accrued income taxes 4,358 4,080
Total current liabilities 91,388 102,921
Long-term debt, net of unamortized debt issuance costs of $7,450 at September 30, 2017 and $8,674 at December 31, 2016 577,550 576,326
Other long-term liabilities 12,921 15,836
Deferred tax liability 80,015 69,333
Stockholders’ equity:    
Preferred Stock, Value, Issued 500 0
Common Stock, $0.16 2/3 par value, 280,000,000 shares authorized; 138,902,319 shares issued and outstanding (125,118,365 shares in 2016) 23,134 20,837
Capital in excess of par value 744,722 675,194
Accumulated deficit (440,060) (350,052)
Accumulated other comprehensive income (loss) (3,740) (6,844)
Total stockholders’ equity 324,556 339,135
Total liabilities and stockholders’ equity $ 1,086,430 $ 1,103,551