Balance Sheet

v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 21,945 $ 7,798
Accounts receivable, net of allowance for credit losses 42,833 70,716
Derivative Asset, Current 117,369 4,131
Income Taxes Receivable, Current 0 1,236
Other current assets 4,141 4,458
Total current assets 186,288 88,339
Property and equipment, net (full cost method) 1,099,838 1,120,425
Derivative Asset, Noncurrent 4,053 2,750
Other assets 5,537 6,724
Total assets 1,295,716 1,218,238
Current liabilities    
Accounts payable and accrued liabilities 55,924 105,824
Derivative liabilities 74,583 23,450
Total current liabilities 130,507 129,274
Other liabilities 9,578 8,382
Derivative liabilities 8,900 3,385
Long-term debt, net 553,234 555,028
Commitments and contingencies (Note 12)
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; 15,175,667 and 15,135,598 shares issued as of June 30, 2020 and December 31, 2019, respectively 152 151
Paid-in capital 202,158 200,666
Retained earnings 388,290 319,987
Accumulated other comprehensive loss (61) (59)
Total shareholders’ equity 590,539 520,745
Total liabilities and shareholders’ equity 1,295,716 1,218,238
Deferred Income Tax Liabilities, Net $ 2,958 $ 1,424
Preferred stock, par value $ 0.01 $ 0.01
Common stock, par value $ 0.01 $ 0.01

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