Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 17,864 $ 11,017
Accounts receivable, net of allowance for doubtful accounts 66,038 69,821
Derivative assets 34,932 0
Income taxes receivable 2,471 0
Other current assets 5,125 6,250
Total current assets 126,430 87,088
Property and equipment, net 927,994 529,059
Derivative assets 10,100 0
Deferred income taxes 1,949 4,943
Other assets 2,481 8,507
Total assets 1,068,954 629,597
Current liabilities    
Accounts payable and accrued liabilities 103,700 96,181
Derivative liabilities 991 27,777
Total current liabilities 104,691 123,958
Other liabilities 5,533 4,833
Derivative liabilities 0 13,900
Long-term debt 511,375 265,267
Commitments and contingencies (Note 15)
Shareholders’ equity:    
Preferred stock of $0.01 par value – 5,000,000 shares authorized; none issued 0 0
Common stock of $0.01 par value – 45,000,000 shares authorized; 15,080,594 and 15,018,870 shares issued as of December 31, 2018 and December 31, 2017, respectively 151 150
Paid-in capital 197,630 194,123
Retained earnings 249,492 27,366
Accumulated other comprehensive income 82 0
Total shareholders’ equity 447,355 221,639
Total liabilities and shareholders’ equity $ 1,068,954 $ 629,597