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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 117,524 $ 224,915
Accounts receivable, net of allowance for credit losses of $8,493 and $10,842 at December 31, 2021 and 2020, respectively 356,083 160,214
Federal and state income taxes receivable 67 4,428
Inventory 42,359 33,085
Other 67,620 55,314
Total current assets 583,653 477,956
Property and equipment, net 2,331,755 2,761,041
Right of use asset 19,024 16,850
Intangible assets 7,537 30,087
Deposits on equipment purchases 849 1,716
Other 11,055 11,419
Deferred Tax Assets, Net 3,975 0
Total assets 2,957,848 3,299,069
Current liabilities:    
Accounts payable 190,219 91,023
Federal and state income taxes payable 232 0
Accrued liabilities 238,511 175,603
Lease liability 6,891 7,096
Total current liabilities 435,853 273,722
Long-term lease liability 18,108 19,118
Long-term debt, net of debt discount and issuance costs of $6,432 and $7,271 at December 31, 2021 and 2020, respectively 852,323 901,484
Deferred tax liabilities, net 29,234 77,676
Other 12,843 11,010
Total liabilities 1,348,361 1,283,010
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 299,268,967 and 271,028,688 issued and 215,139,972 and 187,626,366 outstanding at December 31, 2021 and 2020, respectively 2,993 2,710
Additional paid-in capital 3,171,536 2,902,236
Retained earnings (198,316) 472,014
Accumulated other comprehensive income 5,915 5,412
Treasury stock, at cost, 84,128,995 shares and 83,402,322 shares at December 31, 2021 and 2020, respectively (1,372,641) (1,366,313)
Total stockholders’ equity 1,609,487 2,016,059
Total liabilities and stockholders’ equity $ 2,957,848 $ 3,299,069