Independence Contract Drilling(ICD) - 2022 Q4 - Annual Report

Convertible Notes and Interest - Issued $78.9 million principal amount of Convertible Notes to affiliates of MSD Partners, L.P. on March 18, 2022[467] - Accrued interest payable on the Convertible Notes was $5.8 million as of December 31, 2022[469] Valuation Allowance for Deferred Tax Assets - Valuation allowance for deferred tax assets decreased from $79,993 thousand to $78,793 thousand in 2022[470] - Valuation allowance for deferred tax assets increased from $49,647 thousand to $79,993 thousand in 2021[470]