CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 10,807	$ 3,134
Accounts receivable, net of allowance of $1,680 and $1,864, respectively	101,251	111,746
Inventory	95,060	93,801
Other current assets	4,839	6,081
Current assets associated with discontinued operations	254	923
Total current assets	212,211	215,685
Property, plant and equipment, net	2,076,409	2,079,099
Intangible assets, net	82,139	86,697
Other long-term assets	26,422	13,224
Long-term assets associated with discontinued operations	19,564	20,074
Total assets	2,416,745	2,414,779
Current liabilities:
Accounts payable, trade	56,086	32,529
Accrued liabilities	65,645	69,639
Deferred revenue	3,458	3,451
Current liabilities associated with discontinued operations	297	909
Total current liabilities	125,486	106,528
Long-term debt	1,436,357	1,441,724
Deferred income taxes	155,035	167,114
Other long-term liabilities	17,994	7,910
Long-term liabilities associated with discontinued operations	6,575	6,575
Total liabilities	1,741,447	1,729,851
Commitments and contingencies (Note 15)
Equity:
Preferred stock, $0.01 par value per share; 50,000,000 shares authorized; zero issued	0	0
Common stock, $0.01 par value per share; 250,000,000 shares authorized; 76,759,965 and 76,162,279 shares issued, respectively	768	762
Additional paid-in capital	3,044,043	3,021,040
Accumulated other comprehensive loss	(1,129)	(1,678)
Accumulated deficit	(2,246,276)	(2,227,214)
Treasury stock — 5,779,998 and 5,626,074 common shares, at cost, respectively	(76,124)	(73,944)
Total Archrock stockholders’ equity	721,282	718,966
Noncontrolling interest	(45,984)	(34,038)
Total equity	675,298	684,928
Total liabilities and equity	$ 2,416,745	$ 2,414,779

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).