Condensed Consolidating Financial Information (Tables)
|
6 Months Ended |
Jun. 30, 2015 |
|---|
| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
|
| Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
524,240 |
|
|
$ |
1,247 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
525,488 |
|
Restricted cash |
75,005 |
|
|
— |
|
|
— |
|
|
— |
|
|
75,005 |
|
Accounts receivable - oil and gas |
86,558 |
|
|
63 |
|
|
— |
|
|
— |
|
|
86,621 |
|
Accounts receivable - related parties |
90 |
|
|
— |
|
|
— |
|
|
— |
|
|
90 |
|
Accounts receivable - intercompany |
48,401 |
|
|
55 |
|
|
— |
|
|
(48,456 |
) |
|
— |
|
Prepaid expenses and other current assets |
15,168 |
|
|
— |
|
|
— |
|
|
— |
|
|
15,168 |
|
Short-term derivative instruments |
77,350 |
|
|
— |
|
|
— |
|
|
— |
|
|
77,350 |
|
Total current assets |
826,812 |
|
|
1,365 |
|
|
1 |
|
|
(48,456 |
) |
|
779,722 |
|
Property and equipment: |
|
|
|
|
|
|
|
|
|
Oil and natural gas properties, full-cost accounting |
4,760,793 |
|
|
38,771 |
|
|
— |
|
|
(729 |
) |
|
4,798,835 |
|
Other property and equipment |
22,887 |
|
|
43 |
|
|
— |
|
|
— |
|
|
22,930 |
|
Accumulated depletion, depreciation, amortization and impairment |
(1,211,281 |
) |
|
(27 |
) |
|
— |
|
|
— |
|
|
(1,211,308 |
) |
Property and equipment, net |
3,572,399 |
|
|
38,787 |
|
|
— |
|
|
(729 |
) |
|
3,610,457 |
|
Other assets: |
|
|
|
|
|
|
|
|
|
Equity investments and investments in subsidiaries |
353,243 |
|
|
— |
|
|
164,112 |
|
|
(154,964 |
) |
|
362,391 |
|
Derivative instruments |
25,871 |
|
|
— |
|
|
— |
|
|
— |
|
|
25,871 |
|
Other assets |
25,418 |
|
|
— |
|
|
— |
|
|
— |
|
|
25,418 |
|
Total other assets |
404,532 |
|
|
— |
|
|
164,112 |
|
|
(154,964 |
) |
|
413,680 |
|
Total assets |
$ |
4,803,743 |
|
|
$ |
40,152 |
|
|
$ |
164,113 |
|
|
$ |
(204,149 |
) |
|
$ |
4,803,859 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities |
$ |
318,609 |
|
|
$ |
116 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
318,725 |
|
Accounts payable - intercompany |
— |
|
|
48,326 |
|
|
130 |
|
|
(48,456 |
) |
|
— |
|
Asset retirement obligation - current |
75 |
|
|
— |
|
|
— |
|
|
— |
|
|
75 |
|
Short-term derivative instruments |
937 |
|
|
— |
|
|
— |
|
|
— |
|
|
937 |
|
Deferred tax liability - current |
26,508 |
|
|
— |
|
|
— |
|
|
— |
|
|
26,508 |
|
Current maturities of long-term debt |
1,738 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,738 |
|
Total current liabilities |
347,867 |
|
|
48,442 |
|
|
130 |
|
|
(48,456 |
) |
|
347,983 |
|
Long-term derivative instrument |
2,753 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,753 |
|
Asset retirement obligation - long-term |
21,202 |
|
|
— |
|
|
— |
|
|
— |
|
|
21,202 |
|
Deferred tax liability |
201,022 |
|
|
— |
|
|
— |
|
|
— |
|
|
201,022 |
|
Long-term debt, net of current maturities |
963,593 |
|
|
— |
|
|
— |
|
|
— |
|
|
963,593 |
|
Total liabilities |
1,536,437 |
|
|
48,442 |
|
|
130 |
|
|
(48,456 |
) |
|
1,536,553 |
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
Common stock |
1,081 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,081 |
|
Paid-in capital |
2,816,930 |
|
|
322 |
|
|
235,347 |
|
|
(235,669 |
) |
|
2,816,930 |
|
Accumulated other comprehensive income (loss) |
(38,412 |
) |
|
— |
|
|
(38,412 |
) |
|
38,412 |
|
|
(38,412 |
) |
Retained earnings (accumulated deficit) |
487,707 |
|
|
(8,612 |
) |
|
(32,952 |
) |
|
41,564 |
|
|
487,707 |
|
Total stockholders' equity |
3,267,306 |
|
|
(8,290 |
) |
|
163,983 |
|
|
(155,693 |
) |
|
3,267,306 |
|
Total liabilities and stockholders' equity |
$ |
4,803,743 |
|
|
$ |
40,152 |
|
|
$ |
164,113 |
|
|
$ |
(204,149 |
) |
|
$ |
4,803,859 |
|
CONDENSED CONSOLIDATING BALANCE SHEETS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2014 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
141,535 |
|
|
$ |
804 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
142,340 |
|
Accounts receivable - oil and gas |
103,762 |
|
|
96 |
|
|
— |
|
|
— |
|
|
103,858 |
|
Accounts receivable - related parties |
46 |
|
|
— |
|
|
— |
|
|
— |
|
|
46 |
|
Accounts receivable - intercompany |
45,222 |
|
|
27 |
|
|
— |
|
|
(45,249 |
) |
|
— |
|
Prepaid expenses and other current assets |
3,714 |
|
|
— |
|
|
— |
|
|
— |
|
|
3,714 |
|
Short-term derivative instruments |
78,391 |
|
|
— |
|
|
— |
|
|
— |
|
|
78,391 |
|
Total current assets |
372,670 |
|
|
927 |
|
|
1 |
|
|
(45,249 |
) |
|
328,349 |
|
|
|
|
|
|
|
|
|
|
|
Property and equipment: |
|
|
|
|
|
|
|
|
|
Oil and natural gas properties, full-cost accounting, |
3,887,874 |
|
|
35,990 |
|
|
— |
|
|
(710 |
) |
|
3,923,154 |
|
Other property and equipment |
18,301 |
|
|
43 |
|
|
— |
|
|
— |
|
|
18,344 |
|
Accumulated depletion, depreciation, amortization and impairment |
(1,050,855 |
) |
|
(24 |
) |
|
— |
|
|
— |
|
|
(1,050,879 |
) |
Property and equipment, net |
2,855,320 |
|
|
36,009 |
|
|
— |
|
|
(710 |
) |
|
2,890,619 |
|
Other assets: |
|
|
|
|
|
|
|
|
|
Equity investments and investments in subsidiaries |
360,238 |
|
|
— |
|
|
180,217 |
|
|
(170,874 |
) |
|
369,581 |
|
Derivative instruments |
24,448 |
|
|
— |
|
|
— |
|
|
— |
|
|
24,448 |
|
Other assets |
19,396 |
|
|
— |
|
|
— |
|
|
— |
|
|
19,396 |
|
Total other assets |
404,082 |
|
|
— |
|
|
180,217 |
|
|
(170,874 |
) |
|
413,425 |
|
Total assets |
$ |
3,632,072 |
|
|
$ |
36,936 |
|
|
$ |
180,218 |
|
|
$ |
(216,833 |
) |
|
$ |
3,632,393 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities |
$ |
371,089 |
|
|
$ |
321 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
371,410 |
|
Accounts payable - intercompany |
— |
|
|
45,143 |
|
|
106 |
|
|
(45,249 |
) |
|
— |
|
Asset retirement obligation - current |
75 |
|
|
— |
|
|
— |
|
|
— |
|
|
75 |
|
Deferred tax liability |
27,070 |
|
|
— |
|
|
— |
|
|
— |
|
|
27,070 |
|
Current maturities of long-term debt |
168 |
|
|
— |
|
|
— |
|
|
— |
|
|
168 |
|
Total current liabilities |
398,402 |
|
|
45,464 |
|
|
106 |
|
|
(45,249 |
) |
|
398,723 |
|
|
|
|
|
|
|
|
|
|
|
Asset retirement obligation - long-term |
17,863 |
|
|
— |
|
|
— |
|
|
— |
|
|
17,863 |
|
Deferred tax liability |
203,195 |
|
|
— |
|
|
— |
|
|
— |
|
|
203,195 |
|
Long-term debt, net of current maturities |
716,316 |
|
|
— |
|
|
— |
|
|
— |
|
|
716,316 |
|
Total liabilities |
1,335,776 |
|
|
45,464 |
|
|
106 |
|
|
(45,249 |
) |
|
1,336,097 |
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
Common stock |
856 |
|
|
— |
|
|
— |
|
|
— |
|
|
856 |
|
Paid-in capital |
1,828,602 |
|
|
322 |
|
|
227,079 |
|
|
(227,401 |
) |
|
1,828,602 |
|
Accumulated other comprehensive income (loss) |
(26,675 |
) |
|
— |
|
|
(26,675 |
) |
|
26,675 |
|
|
(26,675 |
) |
Retained earnings (accumulated deficit) |
493,513 |
|
|
(8,850 |
) |
|
(20,292 |
) |
|
29,142 |
|
|
493,513 |
|
Total stockholders' equity |
2,296,296 |
|
|
(8,528 |
) |
|
180,112 |
|
|
(171,584 |
) |
|
2,296,296 |
|
Total liabilities and stockholders' equity |
$ |
3,632,072 |
|
|
$ |
36,936 |
|
|
$ |
180,218 |
|
|
$ |
(216,833 |
) |
|
$ |
3,632,393 |
|
|
| Condensed Consolidating Statements of Operations |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
112,027 |
|
|
$ |
243 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
112,270 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
16,685 |
|
|
178 |
|
|
— |
|
|
— |
|
|
16,863 |
|
Production taxes |
3,260 |
|
|
25 |
|
|
— |
|
|
— |
|
|
3,285 |
|
Midstream gathering and processing |
32,892 |
|
|
12 |
|
|
— |
|
|
— |
|
|
32,904 |
|
Depreciation, depletion, and amortization |
71,154 |
|
|
1 |
|
|
— |
|
|
— |
|
|
71,155 |
|
General and administrative |
9,488 |
|
|
5 |
|
|
22 |
|
|
— |
|
|
9,515 |
|
Accretion expense |
192 |
|
|
— |
|
|
— |
|
|
— |
|
|
192 |
|
|
133,671 |
|
|
221 |
|
|
22 |
|
|
— |
|
|
133,914 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME FROM OPERATIONS |
(21,644 |
) |
|
22 |
|
|
(22 |
) |
|
— |
|
|
(21,644 |
) |
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
12,023 |
|
|
— |
|
|
— |
|
|
— |
|
|
12,023 |
|
Interest income |
(248 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(248 |
) |
Loss (income) from equity method investments and investments in subsidiaries |
15,120 |
|
|
— |
|
|
8,494 |
|
|
(8,494 |
) |
|
15,120 |
|
|
26,895 |
|
|
— |
|
|
8,494 |
|
|
(8,494 |
) |
|
26,895 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME BEFORE INCOME TAXES |
(48,539 |
) |
|
22 |
|
|
(8,516 |
) |
|
8,494 |
|
|
(48,539 |
) |
INCOME TAX BENEFIT |
(17,214 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(17,214 |
) |
|
|
|
|
|
|
|
|
|
|
NET (LOSS) INCOME |
$ |
(31,325 |
) |
|
$ |
22 |
|
|
$ |
(8,516 |
) |
|
$ |
8,494 |
|
|
$ |
(31,325 |
) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2014 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
114,014 |
|
|
$ |
722 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
114,736 |
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
|
Lease operating expenses |
12,457 |
|
|
223 |
|
|
— |
|
|
— |
|
|
12,680 |
|
Production taxes |
6,529 |
|
|
72 |
|
|
— |
|
|
— |
|
|
6,601 |
|
Midstream gathering and processing |
10,758 |
|
|
22 |
|
|
— |
|
|
— |
|
|
10,780 |
|
Depreciation, depletion, and amortization |
55,993 |
|
|
1 |
|
|
— |
|
|
— |
|
|
55,994 |
|
General and administrative |
10,346 |
|
|
35 |
|
|
1 |
|
|
— |
|
|
10,382 |
|
Accretion expense |
189 |
|
|
— |
|
|
— |
|
|
— |
|
|
189 |
|
|
96,272 |
|
|
353 |
|
|
1 |
|
|
— |
|
|
96,626 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) FROM OPERATIONS |
17,742 |
|
|
369 |
|
|
(1 |
) |
|
— |
|
|
18,110 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
2,402 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,402 |
|
Interest income |
(36 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(36 |
) |
Litigation settlement |
6,000 |
|
|
— |
|
|
— |
|
|
— |
|
|
6,000 |
|
(Income) loss from equity method investments and investments in subsidiaries |
(69,937 |
) |
|
— |
|
|
2,228 |
|
|
(1,860 |
) |
|
(69,569 |
) |
|
(61,571 |
) |
|
— |
|
|
2,228 |
|
|
(1,860 |
) |
|
(61,203 |
) |
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
79,313 |
|
|
369 |
|
|
(2,229 |
) |
|
1,860 |
|
|
79,313 |
|
INCOME TAX EXPENSE |
31,461 |
|
|
— |
|
|
— |
|
|
— |
|
|
31,461 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
47,852 |
|
|
$ |
369 |
|
|
$ |
(2,229 |
) |
|
$ |
1,860 |
|
|
$ |
47,852 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
287,859 |
|
|
$ |
728 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
288,587 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
33,472 |
|
|
371 |
|
|
— |
|
|
— |
|
|
33,843 |
|
Production taxes |
7,513 |
|
|
57 |
|
|
— |
|
|
— |
|
|
7,570 |
|
Midstream gathering and processing |
58,266 |
|
|
19 |
|
|
— |
|
|
— |
|
|
58,285 |
|
Depreciation, depletion, and amortization |
161,062 |
|
|
2 |
|
|
— |
|
|
— |
|
|
161,064 |
|
General and administrative |
20,249 |
|
|
41 |
|
|
24 |
|
|
— |
|
|
20,314 |
|
Accretion expense |
382 |
|
|
— |
|
|
— |
|
|
— |
|
|
382 |
|
|
280,944 |
|
|
490 |
|
|
24 |
|
|
— |
|
|
281,458 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) FROM OPERATIONS |
6,915 |
|
|
238 |
|
|
(24 |
) |
|
— |
|
|
7,129 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
20,782 |
|
|
— |
|
|
— |
|
|
— |
|
|
20,782 |
|
Interest income |
(257 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(257 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
(5,069 |
) |
|
— |
|
|
12,636 |
|
|
(12,422 |
) |
|
(4,855 |
) |
|
15,456 |
|
|
— |
|
|
12,636 |
|
|
(12,422 |
) |
|
15,670 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME BEFORE INCOME TAXES |
(8,541 |
) |
|
238 |
|
|
(12,660 |
) |
|
12,422 |
|
|
(8,541 |
) |
INCOME TAX BENEFIT |
(2,735 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2,735 |
) |
|
|
|
|
|
|
|
|
|
|
NET (LOSS) INCOME |
$ |
(5,806 |
) |
|
$ |
238 |
|
|
$ |
(12,660 |
) |
|
$ |
12,422 |
|
|
$ |
(5,806 |
) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2014 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
231,864 |
|
|
$ |
901 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
232,765 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
23,838 |
|
|
471 |
|
|
— |
|
|
— |
|
|
24,309 |
|
Production taxes |
13,466 |
|
|
92 |
|
|
— |
|
|
— |
|
|
13,558 |
|
Midstream gathering and processing |
18,515 |
|
|
34 |
|
|
— |
|
|
— |
|
|
18,549 |
|
Depreciation, depletion, and amortization |
112,870 |
|
|
1 |
|
|
— |
|
|
— |
|
|
112,871 |
|
General and administrative |
19,834 |
|
|
62 |
|
|
(3 |
) |
|
— |
|
|
19,893 |
|
Accretion expense |
377 |
|
|
— |
|
|
— |
|
|
— |
|
|
377 |
|
Gain on sale of assets |
(11 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(11 |
) |
|
188,889 |
|
|
660 |
|
|
(3 |
) |
|
— |
|
|
189,546 |
|
|
|
|
|
|
|
|
|
|
|
INCOME FROM OPERATIONS |
42,975 |
|
|
241 |
|
|
3 |
|
|
— |
|
|
43,219 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
6,287 |
|
|
— |
|
|
— |
|
|
— |
|
|
6,287 |
|
Interest income |
(142 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(142 |
) |
Litigation settlement |
24,000 |
|
|
— |
|
|
— |
|
|
— |
|
|
24,000 |
|
(Income) loss from equity method investments and investments in subsidiaries |
(198,288 |
) |
|
— |
|
|
4,229 |
|
|
(3,985 |
) |
|
(198,044 |
) |
|
(168,143 |
) |
|
— |
|
|
4,229 |
|
|
(3,985 |
) |
|
(167,899 |
) |
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
211,118 |
|
|
241 |
|
|
(4,226 |
) |
|
3,985 |
|
|
211,118 |
|
INCOME TAX EXPENSE |
80,708 |
|
|
— |
|
|
— |
|
|
— |
|
|
80,708 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
130,410 |
|
|
$ |
241 |
|
|
$ |
(4,226 |
) |
|
$ |
3,985 |
|
|
$ |
130,410 |
|
|
| Condensed Consolidating Statements of Comprehensive Income (Loss) |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net (loss) income |
$ |
(31,325 |
) |
|
$ |
22 |
|
|
$ |
(8,516 |
) |
|
$ |
8,494 |
|
|
$ |
(31,325 |
) |
Foreign currency translation adjustment |
3,247 |
|
|
— |
|
|
3,247 |
|
|
(3,247 |
) |
|
3,247 |
|
Other comprehensive income (loss) |
3,247 |
|
|
— |
|
|
3,247 |
|
|
(3,247 |
) |
|
3,247 |
|
Comprehensive (loss) income |
$ |
(28,078 |
) |
|
$ |
22 |
|
|
$ |
(5,269 |
) |
|
$ |
5,247 |
|
|
$ |
(28,078 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2014 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
Net income (loss) |
$ |
47,852 |
|
|
$ |
369 |
|
|
$ |
(2,229 |
) |
|
$ |
1,860 |
|
|
$ |
47,852 |
|
Foreign currency translation adjustment |
6,816 |
|
|
— |
|
|
6,816 |
|
|
(6,816 |
) |
|
6,816 |
|
Other comprehensive income (loss) |
6,816 |
|
|
— |
|
|
6,816 |
|
|
(6,816 |
) |
|
6,816 |
|
Comprehensive income (loss) |
$ |
54,668 |
|
|
$ |
369 |
|
|
$ |
4,587 |
|
|
$ |
(4,956 |
) |
|
$ |
54,668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net (loss) income |
$ |
(5,806 |
) |
|
$ |
238 |
|
|
$ |
(12,660 |
) |
|
$ |
12,422 |
|
|
$ |
(5,806 |
) |
Foreign currency translation adjustment |
(11,737 |
) |
|
— |
|
|
(11,737 |
) |
|
11,737 |
|
|
(11,737 |
) |
Other comprehensive (loss) income |
(11,737 |
) |
|
— |
|
|
(11,737 |
) |
|
11,737 |
|
|
(11,737 |
) |
Comprehensive (loss) income |
$ |
(17,543 |
) |
|
$ |
238 |
|
|
$ |
(24,397 |
) |
|
$ |
24,159 |
|
|
$ |
(17,543 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2014 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
Net income (loss) |
$ |
130,410 |
|
|
$ |
241 |
|
|
$ |
(4,226 |
) |
|
$ |
3,985 |
|
|
$ |
130,410 |
|
Foreign currency translation adjustment |
(462 |
) |
|
— |
|
|
(462 |
) |
|
462 |
|
|
(462 |
) |
Other comprehensive (loss) income |
(462 |
) |
|
— |
|
|
(462 |
) |
|
462 |
|
|
(462 |
) |
Comprehensive income (loss) |
$ |
129,948 |
|
|
$ |
241 |
|
|
$ |
(4,688 |
) |
|
$ |
4,447 |
|
|
$ |
129,948 |
|
|
| Condensed Consolidating Statements of Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
$ |
135,485 |
|
|
$ |
3,389 |
|
|
$ |
(1 |
) |
|
$ |
1 |
|
|
$ |
138,874 |
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by investing activities |
(976,820 |
) |
|
(2,946 |
) |
|
(8,267 |
) |
|
8,267 |
|
|
(979,766 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
1,224,040 |
|
|
— |
|
|
8,268 |
|
|
(8,268 |
) |
|
1,224,040 |
|
|
|
|
|
|
|
|
|
|
|
Net increase in cash and cash equivalents |
382,705 |
|
|
443 |
|
|
— |
|
|
— |
|
|
383,148 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
141,535 |
|
|
804 |
|
|
1 |
|
|
— |
|
|
142,340 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
524,240 |
|
|
$ |
1,247 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
525,488 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2014 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
$ |
203,057 |
|
|
$ |
(1,546 |
) |
|
$ |
(2 |
) |
|
$ |
— |
|
|
$ |
201,509 |
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
(621,155 |
) |
|
(3,608 |
) |
|
(16,569 |
) |
|
16,572 |
|
|
(624,760 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
39,588 |
|
|
— |
|
|
16,572 |
|
|
(16,572 |
) |
|
39,588 |
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents |
(378,510 |
) |
|
(5,154 |
) |
|
1 |
|
|
— |
|
|
(383,663 |
) |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
451,431 |
|
|
7,525 |
|
|
— |
|
|
— |
|
|
458,956 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
72,921 |
|
|
$ |
2,371 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
75,293 |
|
|