Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 5,872 $ 67,625
Accounts receivable, net 363,053 337,460
Receivables from related parties 7,523 11,164
Inventories 17,483 21,302
Prepaid expenses 12,354 11,317
Other current assets 695 688
Total current assets 406,980 449,556
Property, plant and equipment, net 352,772 436,699
Sand reserves 68,351 71,708
Operating lease right-of-use assets 43,446  
Intangible assets, net 5,788 7,756
Goodwill 67,581 101,245
Other non-current assets 7,467 6,127
Total assets 952,385 1,073,091
CURRENT LIABILITIES    
Accounts payable 39,220 68,843
Payables to related parties 526 370
Accrued expenses and other current liabilities 40,754 59,652
Current operating lease liability 16,432  
Income taxes payable 33,465 104,958
Total current liabilities 130,397 233,823
Long-term debt 80,000 0
Deferred income tax liabilities 36,873 79,309
Long-term operating lease liability 27,102  
Asset retirement obligations 4,241 3,164
Other liabilities 5,031 2,743
Total liabilities 283,644 319,039
COMMITMENTS AND CONTINGENCIES (Note 20)
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 45,108,545 and 44,876,649 issued and outstanding at December 31, 2019 and 2018 451 449
Additional paid in capital 535,094 530,919
Retained earnings 136,502 226,765
Accumulated other comprehensive loss (3,306) (4,081)
Total equity 668,741 754,052
Total liabilities and equity 952,385 1,073,091
Customer relationships    
CURRENT ASSETS    
Intangible assets, net 583 1,711
Trade names    
CURRENT ASSETS    
Intangible assets, net $ 5,205 $ 6,045