XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 157,218 $ 137,553
Accounts receivable, net of allowance for credit losses of $2,881 and $2,875 at March 31, 2023 and December 31, 2022, respectively 493,038 565,520
Federal and state income taxes receivable 525 399
Inventory 65,275 58,038
Other current assets 64,212 67,909
Total current assets 780,268 829,419
Property and equipment, net 2,253,468 2,260,576
Right of use asset 19,897 20,841
Intangible assets, net 5,488 5,845
Deposits on equipment purchases 19,123 13,051
Other 10,531 10,881
Deferred tax assets, net 3,570 3,210
Total assets 3,092,345 3,143,823
Current liabilities:    
Accounts payable 271,442 237,056
Federal and state income taxes payable 6,290 4,644
Accrued liabilities 204,047 304,143
Lease liability 5,045 5,123
Total current liabilities 486,824 550,966
Long-term lease liability 18,390 19,594
Long-term debt, net of debt discount and issuance costs of $5,204 and $5,468 at March 31, 2023 and December 31, 2022, respectively 822,196 830,937
Deferred tax liabilities, net 47,401 28,738
Other 44,577 48,065
Total liabilities 1,419,388 1,478,300
Commitments and contingencies (see Note 8)
Stockholders' equity:    
Preferred stock, par value $0.01; authorized 1,000,000 shares, no shares issued 0 0
Common stock, par value $0.01; authorized 400,000,000 shares with 302,414,610 and 302,325,853 issued and 208,026,771 and 213,567,131 outstanding at March 31, 2023 and December 31, 2022, respectively 3,024 3,023
Additional paid-in capital 3,202,214 3,202,973
Retained earnings (deficit) (4,895) (87,394)
Accumulated other comprehensive income 0 0
Treasury stock, at cost, 94,387,839 and 88,758,722 shares at March 31, 2023 and December 31, 2022, respectively (1,527,386) (1,453,079)
Total stockholders' equity 1,672,957 1,665,523
Total liabilities and stockholders' equity $ 3,092,345 $ 3,143,823