v3.19.3.a.u2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 32,433 $ 33,293
Receivables:    
Oil and natural gas sales 57,367 47,804
Joint interest, net 19,400 14,634
Income taxes 1,861 54,076
Total receivables 78,628 116,514
Prepaid expenses and other assets (Note 1) 30,691 76,406
Total current assets 141,752 226,213
Oil and natural gas properties and other, net – at cost: (Note 1) 748,798 515,421
Restricted deposits for asset retirement obligations 15,806 15,685
Deferred income taxes 63,916
Other assets (Note 1) 33,447 91,547
Total assets 1,003,719 848,866
Current liabilities:    
Accounts payable 102,344 82,067
Undistributed oil and natural gas proceeds 29,450 28,995
Advances from joint interest partners 5,279 20,627
Asset retirement obligations 21,991 24,994
Accrued liabilities (Note 1) 30,896 29,611
Total current liabilities 189,960 186,294
Long-term debt: (Note 2)    
Principal 730,000 646,000
Carrying value adjustments (10,467) (12,465)
Long-term debt – carrying value 719,533 633,535
Asset retirement obligations, less current portion 333,603 285,143
Other liabilities (Note 1) 9,988 68,690
Commitments and contingencies (Note 18)
Shareholders’ deficit:    
Preferred stock, $0.00001 par value; 20,000 shares authorized; 0 issued at December 31, 2019 and December 31, 2018
Common stock, $0.00001 par value; 200,000 shares authorized; 144,538 issued and 141,669 outstanding at December 31, 2019 and 143,513 issued and 140,644 outstanding at December 31, 2018 1 1
Additional paid-in capital 547,050 545,705
Retained deficit (772,249) (846,335)
Treasury stock, at cost; 2,869 shares at December 31, 2019 and December 31, 2018 (24,167) (24,167)
Total shareholders’ deficit (249,365) (324,796)
Total liabilities and shareholders’ deficit $ 1,003,719 $ 848,866

Source