Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED CONDENSED BALANCE SHEETS

v3.5.0.2
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 109,034 $ 134,294
Accounts and Notes Receivable, net of allowance for bad debts of $8,192 at June 30, 2016 and $8,694 at December 31, 2015. 153,189 175,105
Rig materials and supplies 32,615 34,937
Other current assets 26,805 22,405
Total current assets 321,643 366,741
Property, plant and equipment, net of accumulated depreciation of $1,360,282 at June 30, 2016 and $1,302,380 at December 31, 2015. 747,017 805,841
Goodwill (Note 3) 6,708 6,708
Intangible assets, net (Note 3) 11,392 13,377
Deferred income taxes 87,311 139,282
Other noncurrent assets 38,700 34,753
Total assets 1,212,771 1,366,702
Current liabilities:    
Accounts payable and accrued liabilities 109,091 129,703
Accrued income taxes 5,777 6,418
Total current liabilities 114,868 136,121
Long-term debt, net of unamortized debt issuance costs of $9,452 at June 30, 2016 and $10,202 at December 31, 2015. 575,548 574,798
Other long-term liabilities 15,049 18,617
Long-term deferred tax liability 76,475 68,654
Stockholders’ equity:    
Common stock 20,766 20,518
Capital in excess of par value 670,419 669,120
Accumulated deficit (254,895) (119,238)
Accumulated other comprehensive loss (5,459) (1,888)
Total stockholders’ equity 430,831 568,512
Total equity 430,831 568,512
Total liabilities and stockholders’ equity $ 1,212,771 $ 1,366,702