CJ 2017 Annual Report

liabilities, including property, plant and equipment, other intangible assets, taxes (including uncertain tax positions), and contingencies required significant judgments and estimates (in thousands): Predecessor Reorganization Adjustments Fresh Start Adjustments Successor ASSETS Current assets: Cash and cash equivalents $ 64,583 $ 116,659 (a) $ — $ 181,242 Accounts receivable 137,222 — — 137,222 Inventories, net 54,471 — — 54,471 Prepaid and other current assets 37,392 — — 37,392 Deferred tax assets 6,020 — — 6,020 Total current assets 299,688 116,659 — 416,347 Property, plant and equipment, net 950,811 — (350,314) (h) 600,497 Other assets: Intangible assets, net 76,057 — (15,657) (h) 60,400 Deferred financing costs — 2,248 (b) — 2,248 Other noncurrent assets 35,045 — (506) (h) 34,539 Total assets $ 1,361,601 $ 118,907 $ (366,477) $ 1,114,031 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 75,193 $ 16,848 (c) $ — $ 92,041 Payroll and related costs 18,287 — — 18,287 Accrued expenses 59,129 (5,985) (c) — 53,144 DIP Facility 25,000 (25,000) (d) — — Other current liabilities 3,026 — (997) (i) 2,029 Total current liabilities 180,635 (14,137) (997) 165,501 Deferred tax liabilities 15,613 — (4,613) (j) 11,000 Other long-term liabilities 18,577 — (6,911) (i) 11,666 Total liabilities not subject to compromise 214,825 (14,137) (12,521) 188,167 Liabilities subject to compromise 1,445,346 (1,445,346) (e) — — Commitments and contingencies Stockholders' equity: Common stock 1,195 (640) (f) — 555 Additional paid-in capital 1,009,426 926,504 (f) (1,010,621) (k) 925,309 Accumulated other comprehensive loss (2,600) — 2,600 (k) — Retained earnings (deficit) (1,306,591) 652,526 (g) 654,065 (l) — Total stockholders' equity (deficit) (298,570) 1,578,390 (353,956) (l) 925,864 Total liabilities and stockholders' equity $ 1,361,601 $ 118,907 $ (366,477) $ 1,114,031 Reorganization adjustments (a) Represents the reorganization adjustment to cash and cash equivalents (in thousands): C&J ENERGY SERVICES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 89