Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 8,118 $ 9,899
Short-term investment 1,763 1,762
Accounts receivable, net 411,931 407,550
Receivables from related parties, net 313 88
Inventories 10,358 8,366
Prepaid expenses 9,086 12,381
Other current assets 628 737
Total current assets 442,197 440,783
Property, plant and equipment, net 161,005 176,586
Sand reserves 64,628 64,641
Operating lease right-of-use assets 11,675 12,168
Intangible assets, net 2,366 2,561
Goodwill 11,717 11,717
Deferred income tax asset 5,180 8,094
Other non-current assets 3,679 4,342
Total assets 702,447 720,892
CURRENT LIABILITIES    
Accounts payable 38,780 37,560
Accrued expenses and other current liabilities 55,750 62,516
Current operating lease liability 5,710 5,942
Current portion of long-term debt 1,486 1,468
Income taxes payable 42,950 42,748
Total current liabilities 144,676 150,234
Long-term debt, net of current portion 87,458 85,240
Deferred income tax liabilities 1,431 865
Long-term operating lease liability 5,731 5,918
Asset retirement obligations 3,943 3,720
Other long-term liabilities 10,364 11,693
Total liabilities 253,603 257,670
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock, $0.01 par value, 200,000,000 shares authorized, 47,184,065 and 46,684,065 issued and outstanding at March 31, 2022 and December 31, 2021 472 467
Additional paid in capital 538,457 538,221
Accumulated deficit (87,352) (72,535)
Accumulated other comprehensive loss (2,733) (2,931)
Total equity 448,844 463,222
Total liabilities and equity $ 702,447 $ 720,892