v3.24.1.u1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 113,321 $ 121,001
Restricted cash 140 114
Receivables:    
Trade, net of allowances for credit loss and other of $0.8 and $0.5 million, respectively 44,897 44,888
Accounts with joint venture owners, net of allowance for credit losses of $0.8 and $0.8 million, respectively 35 1,814
Egypt receivables and other, net of allowances for credit loss and other of $6.0 and $4.6 million, respectively 44,591 45,942
Crude oil inventory 2,386 1,948
Prepayments and other 12,374 12,434
Total current assets 217,744 228,141
Crude oil, natural gas and NGLs properties and equipment, net 457,419 459,786
Other noncurrent assets:    
Restricted cash 0 1,795
Value added tax and other receivables, net of allowances for credit loss and other of $0.0 and $0.0 million, respectively 5,033 4,214
Right of use operating lease assets 1,444 2,378
Right of use finance lease assets 89,587 89,962
Deferred tax assets 30,329 29,242
Abandonment funding 6,268 6,268
Other long-term assets 1,323 1,430
Total assets 809,147 823,216
Current liabilities:    
Accrued liabilities and other 60,345 67,597
Operating lease liabilities - current portion 1,466 2,396
Finance lease liabilities - current portion 10,974 10,079
Foreign income taxes payable 37,836 19,261
Total current liabilities 131,204 127,475
Asset retirement obligations 47,644 47,343
Operating lease liabilities - net of current portion 0 33
Finance lease liabilities - net of current portion 77,802 78,293
Deferred tax liabilities 71,228 73,581
Other long-term liabilities 8,679 17,709
Total liabilities 336,557 344,434
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Preferred stock, $25 par value; 500,000 shares authorized, none issued 0 0
Common stock, $0.10 par value; 160,000,000 shares authorized, 121,940,831 and 121,397,553 shares issued, 103,455,525 and 104,346,233 shares outstanding, respectively 12,194 12,140
Additional paid-in capital 358,827 357,498
Accumulated other comprehensive income 426 2,880
Less treasury stock, 18,485,306 and 17,051,320 shares, respectively, at cost (77,566) (71,222)
Retained earnings 178,709 177,486
Total shareholders' equity 472,590 478,782
Total liabilities and shareholders' equity 809,147 823,216
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable 16,747 22,152
Related Party [Member]    
Current liabilities:    
Accounts payable $ 3,836 $ 5,990

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