Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 69,289 $ 48,675
Restricted cash 203 79
Receivables:    
Trade, net 16,781 22,464
Accounts with joint venture owners, net of allowance of $0.0 million in both periods presented 7,931 345
Other, net 12,190 9,977
Crude oil inventory 4,254 1,593
Prepayments and other 12,616 5,156
Total current assets 123,264 88,289
Crude oil and natural gas properties, equipment and other - successful efforts method, net 194,711 94,324
Other noncurrent assets:    
Restricted cash 1,755 1,752
Value added tax and other receivables, net of allowance of $6.7 million and $5.7 million, respectively 5,846 5,536
Right of use operating lease assets 1,705 10,227
Right of use finance lease assets 1,630 0
Deferred tax assets 41,495 39,978
Abandonment funding 18,838 21,808
Other long-term assets 5,529 1,176
Total assets 394,773 263,090
Current liabilities:    
Accounts payable 30,276 18,797
Accounts with joint venture owners 0 3,233
Accrued liabilities and other 83,148 49,444
Operating lease liabilities - current portion 1,200 9,642
Finance lease liabilities - current portion 317 0
Foreign income taxes payable 28,056 3,128
Current liabilities - discontinued operations 14 13
Total current liabilities 143,011 84,257
Asset retirement obligations 35,247 33,949
Operating lease liabilities - net of current portion 521 587
Finance lease liabilities - net of current portion 1,251 0
Deferred tax liabilities 41,057 0
Total liabilities 221,087 118,793
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Preferred stock, $25 par value; 500,000 shares authorized, none issued 0 0
Common stock, $0.10 par value; 100,000,000 shares authorized, 70,125,626 and 69,562,774 shares issued, 59,068,105 and 58,623,451 shares outstanding, respectively 7,013 6,956
Additional paid-in capital 78,500 76,700
Less treasury stock, 11,057,521 and 10,939,323 shares, respectively, at cost (44,635) (43,847)
Retained earnings 132,808 104,488
Total shareholders' equity 173,686 144,297
Total liabilities and shareholders' equity $ 394,773 $ 263,090