XML 22 R11.htm IDEA: XBRL DOCUMENT v3.20.2
Cash, Cash Equivalents, and Restricted Cash
 6 Months Ended
Jun. 30, 2020
Cash, Cash Equivalents, and Restricted Cash [Abstract]  
Cash, Cash Equivalents, and Restricted Cash

Note 2—Cash, Cash Equivalents, and Restricted Cash

 

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported in the consolidated balance sheet that equals the total of the same amounts reported in the consolidated statements of cash flows:

 

 

June 30,

2020

 

 

December 31,

2019

 



(in thousands)

Cash and cash equivalents

 

$

33,390

 

 

$

31,242

 

Restricted cash—short-term

 

 

7,876

 

 

 

6,792

 

Restricted cash—long-term

 

 

493

 

 

 

520

 

Total cash, cash equivalents, and restricted cash

 

$

41,759

 

 

$

38,554

 

 

Restricted cash—short-term includes amounts set aside in accordance with the Amended and Restated Preferred Supplier Agreement with BP Energy Company (“BP”) (see Note 18) and Credit Agreement with JPMorgan Chase (see Note 19). Restricted cash—long-term includes Afek’s security deposits for its exploration license from the Government of Israel, and its customs and other import duties for the import of exploration equipment.