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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 224,915 $ 174,185
Accounts receivable, net of allowance for credit losses of $10,842 and $6,516 at December 31, 2020 and 2019, respectively 160,214 339,699
Federal and state income taxes receivable 4,428 6,397
Inventory 33,085 36,357
Other 55,314 75,177
Total current assets 477,956 631,815
Property and equipment, net 2,761,041 3,306,677
Right of use asset 16,850 31,275
Goodwill and intangible assets 30,087 444,004
Deposits on equipment purchases 1,716 8,066
Other 11,419 17,778
Total assets 3,299,069 4,439,615
Current liabilities:    
Accounts payable 91,622 170,475
Federal and state income taxes payable   342
Accrued liabilities 175,004 219,850
Lease liability 7,096 9,935
Total current liabilities 273,722 400,602
Long-term lease liability 19,118 26,644
Long-term debt, net of debt discount and issuance costs of $7,271 and $8,460 at December 31, 2020 and 2019, respectively 901,484 966,540
Deferred tax liabilities, net 77,676 202,959
Other 11,010 9,250
Total liabilities 1,283,010 1,605,995
Commitments and contingencies (see Note 10)
Stockholders’ equity:    
Preferred stock, par value $0.01; authorized 1,000,000 shares, no shares issued
Common stock, par value $0.01; authorized 400,000,000 shares with 271,028,688 and 269,372,257 issued and 187,626,366 and 192,035,870 outstanding at December 31, 2020 and 2019, respectively 2,710 2,694
Additional paid-in capital 2,902,236 2,875,680
Retained earnings 472,014 1,294,902
Accumulated other comprehensive income 5,412 5,478
Treasury stock, at cost, 83,402,322 shares and 77,336,387 shares at December 31, 2020 and 2019, respectively (1,366,313) (1,345,134)
Total stockholders’ equity 2,016,059 2,833,620
Total liabilities and stockholders’ equity $ 3,299,069 $ 4,439,615