v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 18,939 $ 48,675
Restricted cash 4,230 79
Receivables:    
Trade, net 44,616 22,464
Accounts with joint venture owners, net of allowance of $0.0 million in both periods presented 3,764 345
Other, net 11,612 9,977
Crude oil inventory 4,634 1,593
Prepayments and other 8,408 5,156
Total current assets 96,203 88,289
Crude oil and natural gas properties, equipment and other - successful efforts method, net 121,935 94,324
Other noncurrent assets:    
Restricted cash 1,752 1,752
Value added tax and other receivables, net of allowance of $6.1 million and $5.7 million, respectively 5,692 5,536
Right of use operating lease assets 6,872 10,227
Right of use finance lease assets 1,795  
Deferred tax assets 50,296 39,978
Abandonment funding 21,369 21,808
Other long-term assets 2,596 1,176
Total assets 308,510 263,090
Current liabilities:    
Accounts payable 10,509 18,797
Accounts with joint venture owners   3,233
Accrued liabilities and other 91,409 49,444
Operating lease liabilities - current portion 6,429 9,642
Finance lease liabilities - current portion 341  
Foreign income taxes payable 8,819 3,128
Current liabilities - discontinued operations 7 13
Total current liabilities 117,514 84,257
Asset retirement obligations 34,377 33,949
Operating lease liabilities - net of current portion 461 587
Finance lease liabilities - net of current portion 1,411  
Total liabilities 153,763 118,793
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Preferred stock, $25 par value; 500,000 shares authorized, none issued
Common stock, $0.10 par value; 100,000,000 shares authorized, 69,862,217 and 69,562,774 shares issued, 58,858,901 and 58,623,451 shares outstanding, respectively 6,986 6,956
Additional paid-in capital 77,272 76,700
Less treasury stock, 11,003,316 and 10,939,323 shares, respectively, at cost (44,234) (43,847)
Retained earnings 114,723 104,488
Total shareholders' equity 154,747 144,297
Total liabilities and shareholders' equity $ 308,510 $ 263,090

Source