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, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 116,943 $ 108,456
Accounts and Notes Receivable, net of allowance for bad debts of $10,304 at June 30, 2015 and $11,188 at December 31, 2014. 235,834 270,952
Rig materials and supplies 44,274 47,943
Deferred costs 7,281 5,673
Deferred income taxes 5,818 7,476
Other tax assets 12,826 10,723
Other current assets 20,962 18,556
Total current assets 443,938 469,779
Property, plant and equipment, net of accumulated depreciation of $1,255,131 at June 30, 2015 and $1,201,058 at December 31, 2014. 865,291 895,940
Goodwill (Note 3) 6,708 0
Intangible assets, net (Note 3) 15,945 4,286
Debt issuance costs 12,973 12,526
Deferred income taxes 154,463 122,689
Other noncurrent assets 22,360 15,439
Total assets 1,521,678 1,520,659
Current liabilities:    
Current portion of long-term debt 0 10,000
Accounts payable and accrued liabilities 176,247 154,479
Accrued income taxes 12,594 14,186
Total current liabilities 188,841 178,665
Long-term debt 585,000 605,000
Other long-term liabilities 19,184 18,665
Long-term deferred tax liability 69,793 52,115
Stockholders’ equity:    
Common stock 20,510 20,325
Capital in excess of par value 668,712 666,769
Accumulated deficit (34,972) (24,165)
Accumulated other comprehensive income (485) (498)
Total controlling interest stockholders’ equity 653,765 662,431
Noncontrolling interest 5,095 3,783
Total equity 658,860 666,214
Total liabilities and stockholders’ equity $ 1,521,678 $ 1,520,659