v3.8.0.1

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 84,768	$ 127,967	$ 210,664	$ 194,069
Accounts receivable, net of allowance for doubtful accounts of $1,237 and $2,003 at March 31, 2018 and December 31, 2017, respectively	179,234	156,916
Inventories, net	64,895	70,528
Prepaid expenses and other assets	7,590	7,765
Total current assets	336,487	363,176
Property, plant and equipment, net	783,429	756,288
Deferred income taxes	351	350
Goodwill	15,301	15,301
Intangibles, net	92,892	93,268
Other assets	10,088	7,711
Total assets	1,238,548	1,236,094
Current liabilities
Current portion of long-term debt	18,924	19,189
Accounts payable	83,852	70,633
Accrued expenses	41,660	74,007
Deferred revenue	9,346	5,660
Total current liabilities	153,782	169,489
Long-term debt	715,316	729,741
Deferred income taxes	6,807	2,429
Other long-term liabilities	36,901	42,189
Total liabilities	912,806	943,848
Commitments and contingent liabilities (Note 14)
Equity
Preferred stock: $0.01 par value, 100,000 authorized shares Shares outstanding: 0 at March 31, 2018 and December 31, 2017
Common stock: $0.01 par value, 1,850,000 authorized shares Shares issued: 242,366 at March 31, 2018 and December 31, 2017 Shares outstanding: 224,895 and 224,291 at March 31, 2018 and December 31, 2017, respectively	2,423	2,423
Additional paid-in capital	294,500	299,912
Retained earnings	318,912	290,159
Accumulated other comprehensive loss	(14,491)	(15,098)
Total equity attributable to Fairmount Santrol Holdings Inc. before treasury stock	601,344	577,396
Less: Treasury stock at cost Shares in treasury: 17,471 and 18,075 at March 31, 2018 and December 31, 2017, respectively	(275,975)	(285,520)
Total equity attributable to Fairmount Santrol Holdings Inc.	325,369	291,876
Non-controlling interest	373	370
Total equity	325,742	292,246	$ 215,568	$ 223,734
Total liabilities and equity	$ 1,238,548	$ 1,236,094

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

FAIRMOUNT SANTROL HOLDINGS INC. 10-Q