Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 11,727 $ 17,282
Accounts receivable, net 475,582 456,465
Receivables from related parties, net 115 223
Inventories 10,230 8,883
Prepaid expenses 10,056 13,219
Other current assets 581 620
Total current assets 508,291 496,692
Property, plant and equipment, net 132,529 138,066
Sand reserves 61,830 61,830
Operating lease right-of-use assets 11,907 10,656
Intangible assets, net 1,587 1,782
Goodwill 11,717 11,717
Other non-current assets 3,635 3,935
Total assets 731,496 724,678
CURRENT LIABILITIES    
Accounts payable 57,174 47,391
Accrued expenses and other current liabilities 38,485 52,297
Current operating lease liability 5,858 5,447
Current portion of long-term debt 84,614 83,520
Income taxes payable 51,588 48,557
Total current liabilities 237,719 237,212
Deferred income tax liabilities 444 471
Long-term operating lease liability 5,772 4,913
Asset retirement obligations 4,017 3,981
Other long-term liabilities 12,846 15,485
Total liabilities 260,798 262,062
COMMITMENTS AND CONTINGENCIES (Note 18)
EQUITY    
Common stock, $0.01 par value, 200,000,000 shares authorized, 47,713,342 and 47,312,270 issued and outstanding at March 31, 2023 and December 31, 2022 477 473
Additional paid in capital 538,862 539,138
Accumulated deficit (64,803) (73,154)
Accumulated other comprehensive loss (3,838) (3,841)
Total equity 470,698 462,616
Total liabilities and equity $ 731,496 $ 724,678