Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 9,899 $ 14,822
Short-term investment 1,762 1,750
Accounts receivable, net 407,550 393,112
Receivables from related parties, net 88 28,461
Inventories 8,366 12,020
Prepaid expenses 12,381 13,825
Other current assets 737 758
Total current assets 440,783 464,748
Property, plant and equipment, net 176,586 251,262
Sand reserves 64,641 65,876
Operating lease right-of-use assets 12,168 20,179
Intangible assets, net 2,561 4,774
Goodwill 11,717 12,608
Deferred income tax asset 8,094 0
Other non-current assets 4,342 5,115
Total assets 720,892 824,562
CURRENT LIABILITIES    
Accounts payable 37,560 40,319
Accrued expenses and other current liabilities 62,516 44,408
Current operating lease liability 5,942 8,618
Current portion of long-term debt 1,468 1,165
Income taxes payable 42,748 34,088
Total current liabilities 150,234 128,598
Long-term debt, net of current portion 85,240 81,338
Deferred income tax liabilities 865 24,741
Long-term operating lease liability 5,918 11,377
Asset retirement obligations 3,720 4,746
Other long-term liabilities 11,693 10,435
Total liabilities 257,670 261,235
COMMITMENTS AND CONTINGENCIES
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 46,684,065 and 45,769,283 issued and outstanding at December 31, 2021 and 2020 467 458
Additional paid in capital 538,221 537,039
Retained earnings (deficit) (72,535) 28,895
Accumulated other comprehensive loss (2,931) (3,065)
Total equity 463,222 563,327
Total liabilities and equity $ 720,892 $ 824,562