Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.23.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 103,353 $ 37,205
Restricted cash 111 222
Receivables:    
Trade, net 22,788 52,147
Accounts with joint venture owners, net of allowance for credit losses of $0.6 and $0.3 million, respectively 1,635 15,830
Foreign income taxes receivable 0 2,769
Other, net of allowance for credit losses of $3.5 and $0.0 million, respectively 64,826 68,519
Crude oil inventory 9,287 3,335
Prepayments and other 16,115 20,070
Total current assets 218,115 200,097
Crude oil and natural gas properties, equipment and other - successful efforts method, net 467,877 495,272
Other noncurrent assets:    
Restricted cash 1,787 1,763
Value added tax and other receivables, net of allowance of $9.9 million and $8.4 million, respectively 9,462 7,150
Right of use operating lease assets 3,510 2,777
Right of use finance lease assets 87,971 90,698
Deferred tax assets 31,222 35,432
Abandonment funding 6,268 20,586
Other long-term assets 1,616 1,866
Total assets 827,828 855,641
Current liabilities:    
Accrued liabilities and other 76,470 91,392
Operating lease liabilities - current portion 3,539 2,314
Finance lease liabilities - current portion 7,810 7,811
Foreign income taxes payable 33,256 0
Current liabilities - discontinued operations 673 687
Total current liabilities 166,823 162,090
Asset retirement obligations 45,201 41,695
Operating lease liabilities - net of current portion 82 686
Finance lease liabilities - net of current portion 77,862 78,248
Deferred tax liabilities 76,120 81,223
Other long-term liabilities 17,369 25,594
Total liabilities 383,457 389,536
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; 160,000,000 shares authorized, 121,341,251 and 119,482,680 shares issued, 105,714,499 and 107,852,857 shares outstanding, respectively 12,134 11,948
Additional paid-in capital 356,424 353,606
Accumulated other comprehensive income 844 1,179
Less treasury stock, 15,626,752 and 11,629,823 shares, respectively, at cost (65,145) (47,652)
Retained earnings 140,114 147,024
Total shareholders' equity 444,371 466,105
Total liabilities and shareholders' equity 827,828 855,641
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable 43,924 59,886
Related Party [Member]    
Current liabilities:    
Accounts payable $ 1,151 $ 0