Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 17,282 $ 9,899
Short-term investment 0 1,762
Accounts receivable, net 456,465 407,550
Receivables from related parties, net 223 88
Inventories 8,883 8,366
Prepaid expenses 13,219 12,381
Other current assets 620 737
Total current assets 496,692 440,783
Property, plant and equipment, net 138,066 176,586
Sand reserves 61,830 64,641
Operating lease right-of-use assets 10,656 12,168
Intangible assets, net 1,782 2,561
Goodwill 11,717 11,717
Deferred income tax asset 0 8,094
Other non-current assets 3,935 4,342
Total assets 724,678 720,892
CURRENT LIABILITIES    
Accounts payable 47,391 37,560
Accrued expenses and other current liabilities 52,297 62,516
Current operating lease liability 5,447 5,942
Current portion of long-term debt 83,520 1,468
Income taxes payable 48,557 42,748
Total current liabilities 237,212 150,234
Long-term debt, net of current portion 0 85,240
Deferred income tax liabilities 471 865
Long-term operating lease liability 4,913 5,918
Asset retirement obligations 3,981 3,720
Other long-term liabilities 15,485 11,693
Total liabilities 262,062 257,670
COMMITMENTS AND CONTINGENCIES (Note 19)
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 47,312,270 and 46,684,065 issued and outstanding at December 31, 2022 and 2021 473 467
Additional paid in capital 539,138 538,221
Accumulated deficit (73,154) (72,535)
Accumulated other comprehensive loss (3,841) (2,931)
Total equity 462,616 463,222
Total liabilities and equity $ 724,678 $ 720,892