Correction of Error in Previously Reported 2020 Interim Financial Statements (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Changes And Error Corrections [Abstract]

Schedule of Effect of Error on Previously Reported Financial Statements

The effects of this error on our previously reported 2020 quarterly statements of operations on a quarter-to-date basis are as follows (in thousands, except per share data):

	Originally Reported									Adjustments									Restated
		Q1			Q2			Q3			Q1			Q2			Q3			Q1			Q2			Q3

Total revenues and other income	$	693,920		$	376,546		$	299,345		$	—		$	—		$	—		$	693,920		$	376,546		$	299,345
Total costs and expenses		498,727			566,395			1,084,644			—			—			—			498,727			566,395			1,084,644
Income (loss) before income taxes		195,193			(189,849	)		(785,299	)		—			—			—			195,193			(189,849	)		(785,299	)
Income tax (benefit) expense
Current		(363	)		(3	)		—			—			—			—			(363	)		(3	)		—
Deferred		50,581			(43,277	)		(105,251	)		(21,220	)		21,014			68,742			29,361			(22,263	)		(36,509	)
		50,218			(43,280)			(105,251	)		(21,220	)		21,014			68,742			28,998			(22,266	)		(36,509	)
Net income (loss)	$	144,975		$	(146,569)		$	(680,048	)	$	21,220		$	(21,014	)	$	(68,742	)	$	166,195		$	(167,583	)	$	(748,790	)
Net income (loss) per common share:
Basic	$	0.58		$	(0.61	)	$	(2.83	)	$	0.09		$	(0.09	)	$	(0.29	)	$	0.67		$	(0.70	)	$	(3.12	)
Diluted	$	0.58		$	(0.61	)	$	(2.83	)	$	0.08		$	(0.09	)	$	(0.29	)	$	0.66		$	(0.70	)	$	(3.12	)
Comprehensive income (loss)	$	145,048		$	(146,498	)	$	(679,978	)	$	21,220		$	(21,014	)	$	(68,742	)	$	166,268		$	(167,512	)	$	(748,720	)

The effects of this error on our previously reported 2020 quarterly statements of operations on a year-to-date basis are as follows (in thousands, except per share data):

	Originally Reported									Adjustments									Restated
		Q1			Q2			Q3			Q1			Q2			Q3			Q1			Q2			Q3

Total revenues and other income	$	693,920		$	1,070,466		$	1,369,811		$	—		$	—		$	—		$	693,920		$	1,070,466		$	1,369,811
Total costs and expenses		498,727			1,065,122			2,149,766			—			—			—			498,727			1,065,122			2,149,766
Income (loss) before income taxes		195,193			5,344			(779,955	)		—			—			—			195,193			5,344			(779,955	)
Income tax (benefit) expense
Current		(363	)		(366	)		(366	)		—			—			—			(363	)		(366	)		(366	)
Deferred		50,581			7,304			(97,947	)		(21,220	)		(206	)		68,536			29,361			7,098			(29,411	)
		50,218			6,938			(98,313	)		(21,220	)		(206	)		68,536			28,998			6,732			(29,777	)
Net income (loss)	$	144,975		$	(1,594	)	$	(681,642	)	$	21,220		$	206		$	(68,536	)	$	166,195		$	(1,388	)	$	(750,178	)
Net income (loss) per common share:
Basic	$	0.58		$	(0.01	)	$	(2.82	)	$	0.09		$	—		$	(0.28	)	$	0.67		$	(0.01	)	$	(3.10	)
Diluted	$	0.58		$	(0.01	)	$	(2.82	)	$	0.08		$	—		$	(0.28	)	$	0.66		$	(0.01	)	$	(3.10	)
Comprehensive income (loss)	$	145,048		$	(1,450	)	$	(681,428	)	$	21,220		$	206		$	(68,536	)	$	166,268		$	(1,244	)	$	(749,964	)

The effects of this error on our previously reported 2020 quarterly balance sheets are as follows (in thousands):

	Originally Reported									Adjustments									Restated
		Q1			Q2			Q3			Q1			Q2			Q3			Q1			Q2			Q3

Total current assets	$	467,117		$	331,839		$	209,147		$	—		$	—		$	—		$	467,117		$	331,839		$	209,147
Total non-current assets	$	6,122,521		$	6,120,372		$	5,803,751		$	—		$	—		$	—		$	6,122,521		$	6,120,372		$	5,803,751
Total current liabilities	$	490,125		$	530,253		$	630,120		$	—		$	—		$	—		$	490,125		$	530,253		$	630,120
Total non-current liabilities	$	3,624,925		$	3,586,142		$	3,720,274		$	(21,220)		$	(206)		$	68,536		$	3,603,705		$	3,585,936		$	3,788,810
Deferred tax liabilities	$	210,803		$	167,548		$	62,319		$	(21,220	)	$	(206	)	$	68,536		$	189,583		$	167,342		$	130,855
Total liabilities	$	4,115,050		$	4,116,395		$	4,350,394		$	(21,220	)	$	(206	)	$	68,536		$	4,093,830		$	4,116,189		$	4,418,930
Retained deficit	$	(3,161,859	)	$	(3,308,502	)	$	(3,988,550	)	$	21,220		$	206		$	(68,536	)	$	(3,140,639	)	$	(3,308,296	)	$	(4,057,086	)
Total stockholders’ equity	$	2,474,588		$	2,335,816		$	1,662,504		$	21,220		$	206		$	(68,536	)	$	2,495,808		$	2,336,022		$	1,593,968
Total liabilities and stockholders’ equity	$	6,589,638		$	6,452,211		$	6,012,898		$	—		$	—		$	—		$	6,589,638		$	6,452,211		$	6,012,898