Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED CONDENSED BALANCE SHEETS

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CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 69,608 $ 87,886
Accounts and notes receivable, net of allowance for bad debts of $12,642 and $8,117 at June 30, 2013 and December 31, 2012 251,440 168,562
Rig materials and supplies 39,229 28,860
Deferred costs 10,822 1,089
Deferred income taxes 16,411 8,742
Other tax assets 13,722 33,524
Assets held for sale 8,656 6,800
Other current assets 19,818 12,821
Total current assets 429,706 348,284
Property, plant and equipment less accumulated depreciation and amortization of $1,061,845 and $1,029,712 at June 30, 2013 and December 31, 2012 852,813 789,123
Deferred income taxes 107,957 95,295
Other noncurrent assets 46,061 23,031
Total assets 1,436,537 1,255,733
Current liabilities:    
Current portion of long-term debt 10,000 10,000
Accounts payable and accrued liabilities 169,130 137,746
Accrued income taxes 6,975 4,120
Total current liabilities 186,105 151,866
Long-term debt 589,147 469,205
Other long-term liabilities 22,743 23,182
Long-term deferred tax liability 31,306 20,847
Contingencies (Note 11) 0 0
Stockholders’ equity:    
Common stock 19,995 19,818
Capital in excess of par value 651,535 646,217
Accumulated other comprehensive income (564) 0
Accumulated deficit (65,740) (74,631)
Total controlling interest stockholders’ equity 605,226 591,404
Noncontrolling interest 2,010 (771)
Total equity 607,236 590,633
Total liabilities and stockholders’ equity $ 1,436,537 $ 1,255,733