Condensed Consolidating Financial Information (Tables)
|
6 Months Ended |
Jun. 30, 2016 |
|---|
| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
|
| Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
395,703 |
|
|
$ |
733 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
396,437 |
|
Accounts receivable - oil and gas |
90,758 |
|
|
7,721 |
|
|
— |
|
|
(7,017 |
) |
|
91,462 |
|
Accounts receivable - related parties |
23 |
|
|
— |
|
|
— |
|
|
— |
|
|
23 |
|
Accounts receivable - intercompany |
355,924 |
|
|
1,904 |
|
|
— |
|
|
(357,828 |
) |
|
— |
|
Prepaid expenses and other current assets |
7,782 |
|
|
— |
|
|
— |
|
|
— |
|
|
7,782 |
|
Short-term derivative instruments |
44,672 |
|
|
— |
|
|
— |
|
|
— |
|
|
44,672 |
|
Deferred tax asset |
292 |
|
|
— |
|
|
— |
|
|
— |
|
|
292 |
|
Total current assets |
895,154 |
|
|
10,358 |
|
|
1 |
|
|
(364,845 |
) |
|
540,668 |
|
Property and equipment: |
|
|
|
|
|
|
|
|
|
Oil and natural gas properties, full-cost accounting |
5,334,096 |
|
|
352,821 |
|
|
— |
|
|
(729 |
) |
|
5,686,188 |
|
Other property and equipment |
48,064 |
|
|
43 |
|
|
— |
|
|
— |
|
|
48,107 |
|
Accumulated depletion, depreciation, amortization and impairment |
(3,339,056 |
) |
|
(31 |
) |
|
— |
|
|
— |
|
|
(3,339,087 |
) |
Property and equipment, net |
2,043,104 |
|
|
352,833 |
|
|
— |
|
|
(729 |
) |
|
2,395,208 |
|
Other assets: |
|
|
|
|
|
|
|
|
|
Equity investments |
242,627 |
|
|
25,441 |
|
|
49,557 |
|
|
(64,578 |
) |
|
253,047 |
|
Long-term derivative instruments |
14,644 |
|
|
— |
|
|
— |
|
|
— |
|
|
14,644 |
|
Deferred tax asset |
24,284 |
|
|
— |
|
|
— |
|
|
— |
|
|
24,284 |
|
Other assets |
11,336 |
|
|
— |
|
|
— |
|
|
— |
|
|
11,336 |
|
Total other assets |
292,891 |
|
|
25,441 |
|
|
49,557 |
|
|
(64,578 |
) |
|
303,311 |
|
Total assets |
$ |
3,231,149 |
|
|
$ |
388,632 |
|
|
$ |
49,558 |
|
|
$ |
(430,152 |
) |
|
$ |
3,239,187 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities |
$ |
281,712 |
|
|
$ |
16,768 |
|
|
$ |
— |
|
|
$ |
(8,730 |
) |
|
$ |
289,750 |
|
Accounts payable - intercompany |
— |
|
|
355,991 |
|
|
125 |
|
|
(356,116 |
) |
|
— |
|
Asset retirement obligation - current |
75 |
|
|
— |
|
|
— |
|
|
— |
|
|
75 |
|
Short-term derivative instruments |
49,906 |
|
|
— |
|
|
— |
|
|
— |
|
|
49,906 |
|
Total current liabilities |
331,693 |
|
|
372,759 |
|
|
125 |
|
|
(364,846 |
) |
|
339,731 |
|
Long-term derivative instrument |
29,269 |
|
|
— |
|
|
— |
|
|
— |
|
|
29,269 |
|
Asset retirement obligation - long-term |
29,993 |
|
|
— |
|
|
— |
|
|
— |
|
|
29,993 |
|
Long-term debt |
956,754 |
|
|
— |
|
|
— |
|
|
— |
|
|
956,754 |
|
Total liabilities |
1,347,709 |
|
|
372,759 |
|
|
125 |
|
|
(364,846 |
) |
|
1,355,747 |
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
Common stock |
1,253 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,253 |
|
Paid-in capital |
3,242,404 |
|
|
25,822 |
|
|
255,244 |
|
|
(281,066 |
) |
|
3,242,404 |
|
Accumulated other comprehensive (loss) income |
(46,803 |
) |
|
— |
|
|
(45,507 |
) |
|
45,507 |
|
|
(46,803 |
) |
Retained (deficit) earnings |
(1,313,414 |
) |
|
(9,949 |
) |
|
(160,304 |
) |
|
170,253 |
|
|
(1,313,414 |
) |
Total stockholders' equity |
1,883,440 |
|
|
15,873 |
|
|
49,433 |
|
|
(65,306 |
) |
|
1,883,440 |
|
Total liabilities and stockholders' equity |
$ |
3,231,149 |
|
|
$ |
388,632 |
|
|
$ |
49,558 |
|
|
$ |
(430,152 |
) |
|
$ |
3,239,187 |
|
CONDENSED CONSOLIDATING BALANCE SHEETS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
112,494 |
|
|
$ |
479 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
112,974 |
|
Accounts receivable - oil and gas |
72,241 |
|
|
54 |
|
|
— |
|
|
(423 |
) |
|
71,872 |
|
Accounts receivable - related parties |
16 |
|
|
— |
|
|
— |
|
|
— |
|
|
16 |
|
Accounts receivable - intercompany |
326,475 |
|
|
60 |
|
|
— |
|
|
(326,535 |
) |
|
— |
|
Prepaid expenses and other current assets |
3,905 |
|
|
— |
|
|
— |
|
|
— |
|
|
3,905 |
|
Short-term derivative instruments |
142,794 |
|
|
— |
|
|
— |
|
|
— |
|
|
142,794 |
|
Total current assets |
657,925 |
|
|
593 |
|
|
1 |
|
|
(326,958 |
) |
|
331,561 |
|
|
|
|
|
|
|
|
|
|
|
Property and equipment: |
|
|
|
|
|
|
|
|
|
Oil and natural gas properties, full-cost accounting, |
5,108,258 |
|
|
316,813 |
|
|
— |
|
|
(729 |
) |
|
5,424,342 |
|
Other property and equipment |
33,128 |
|
|
43 |
|
|
— |
|
|
— |
|
|
33,171 |
|
Accumulated depletion, depreciation, amortization and impairment |
(2,829,081 |
) |
|
(29 |
) |
|
— |
|
|
— |
|
|
(2,829,110 |
) |
Property and equipment, net |
2,312,305 |
|
|
316,827 |
|
|
— |
|
|
(729 |
) |
|
2,628,403 |
|
Other assets: |
|
|
|
|
|
|
|
|
|
Equity investments |
231,892 |
|
|
— |
|
|
50,644 |
|
|
(40,143 |
) |
|
242,393 |
|
Long-term derivative instruments |
51,088 |
|
|
— |
|
|
— |
|
|
— |
|
|
51,088 |
|
Deferred tax assets |
74,925 |
|
|
— |
|
|
— |
|
|
— |
|
|
74,925 |
|
Other assets |
6,364 |
|
|
— |
|
|
— |
|
|
— |
|
|
6,364 |
|
Total other assets |
364,269 |
|
|
— |
|
|
50,644 |
|
|
(40,143 |
) |
|
374,770 |
|
Total assets |
$ |
3,334,499 |
|
|
$ |
317,420 |
|
|
$ |
50,645 |
|
|
$ |
(367,830 |
) |
|
$ |
3,334,734 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities |
$ |
264,893 |
|
|
$ |
527 |
|
|
$ |
— |
|
|
$ |
(292 |
) |
|
$ |
265,128 |
|
Accounts payable - intercompany |
|
|
|
326,541 |
|
|
124 |
|
|
(326,665 |
) |
|
— |
|
Asset retirement obligation - current |
75 |
|
|
— |
|
— |
|
— |
|
|
— |
|
|
75 |
|
Short-term derivative instruments |
437 |
|
|
— |
|
|
— |
|
|
— |
|
|
437 |
|
Deferred tax liability |
50,697 |
|
|
— |
|
|
— |
|
|
— |
|
|
50,697 |
|
Current maturities of long-term debt |
179 |
|
|
— |
|
|
— |
|
|
— |
|
|
179 |
|
Total current liabilities |
316,281 |
|
|
327,068 |
|
|
124 |
|
|
(326,957 |
) |
|
316,516 |
|
|
|
|
|
|
|
|
|
|
|
Long-term derivative instrument |
6,935 |
|
|
— |
|
|
— |
|
|
— |
|
|
6,935 |
|
Asset retirement obligation - long-term |
26,362 |
|
|
— |
|
|
— |
|
|
— |
|
|
26,362 |
|
Long-term debt, net of current maturities |
946,084 |
|
|
— |
|
|
— |
|
|
— |
|
|
946,084 |
|
Total liabilities |
1,295,662 |
|
|
327,068 |
|
|
124 |
|
|
(326,957 |
) |
|
1,295,897 |
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
Common stock |
1,082 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,082 |
|
Paid-in capital |
2,824,303 |
|
|
322 |
|
|
241,553 |
|
|
(241,875 |
) |
|
2,824,303 |
|
Accumulated other comprehensive (loss) income |
(55,177 |
) |
|
— |
|
|
(55,177 |
) |
|
55,177 |
|
|
(55,177 |
) |
Retained (deficit) earnings |
(731,371 |
) |
|
(9,970 |
) |
|
(135,855 |
) |
|
145,825 |
|
|
(731,371 |
) |
Total stockholders' equity |
2,038,837 |
|
|
(9,648 |
) |
|
50,521 |
|
|
(40,873 |
) |
|
2,038,837 |
|
Total liabilities and stockholders' equity |
$ |
3,334,499 |
|
|
$ |
317,420 |
|
|
$ |
50,645 |
|
|
$ |
(367,830 |
) |
|
$ |
3,334,734 |
|
|
| Condensed Consolidating Statements of Operations |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
(28,580 |
) |
|
$ |
428 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(28,152 |
) |
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
14,491 |
|
|
170 |
|
|
— |
|
|
— |
|
|
14,661 |
|
Production taxes |
2,828 |
|
|
28 |
|
|
— |
|
|
— |
|
|
2,856 |
|
Midstream gathering and processing |
39,242 |
|
|
107 |
|
|
— |
|
|
— |
|
|
39,349 |
|
Depreciation, depletion, and amortization |
55,651 |
|
|
1 |
|
|
— |
|
|
— |
|
|
55,652 |
|
Impairment of oil and gas properties |
170,621 |
|
|
— |
|
|
— |
|
|
— |
|
|
170,621 |
|
General and administrative |
11,846 |
|
|
8 |
|
|
— |
|
|
— |
|
|
11,854 |
|
Accretion expense |
261 |
|
|
— |
|
|
— |
|
|
— |
|
|
261 |
|
|
294,940 |
|
|
314 |
|
|
— |
|
|
— |
|
|
295,254 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME FROM OPERATIONS |
(323,520 |
) |
|
114 |
|
|
— |
|
|
— |
|
|
(323,406 |
) |
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
16,082 |
|
|
— |
|
|
— |
|
|
— |
|
|
16,082 |
|
Interest income |
(391 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(391 |
) |
Loss (income) from equity method investments and investments in subsidiaries |
722 |
|
|
59 |
|
|
762 |
|
|
(707 |
) |
|
836 |
|
|
16,413 |
|
|
59 |
|
|
762 |
|
|
(707 |
) |
|
16,527 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME BEFORE INCOME TAXES |
(339,933 |
) |
|
55 |
|
|
(762 |
) |
|
707 |
|
|
(339,933 |
) |
INCOME TAX BENEFIT |
(157 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(157 |
) |
|
|
|
|
|
|
|
|
|
|
NET (LOSS) INCOME |
$ |
(339,776 |
) |
|
$ |
55 |
|
|
$ |
(762 |
) |
|
$ |
707 |
|
|
$ |
(339,776 |
) |
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)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
128,171 |
|
|
$ |
640 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
128,811 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
30,963 |
|
|
355 |
|
|
— |
|
|
— |
|
|
31,318 |
|
Production taxes |
5,915 |
|
|
52 |
|
|
— |
|
|
— |
|
|
5,967 |
|
Midstream gathering and processing |
76,865 |
|
|
136 |
|
|
— |
|
|
— |
|
|
77,001 |
|
Depreciation, depletion, and amortization |
121,127 |
|
|
2 |
|
|
|
|
|
|
|
|
121,129 |
|
Impairment of oil and gas properties |
389,612 |
|
|
— |
|
|
— |
|
|
— |
|
|
389,612 |
|
General and administrative |
22,458 |
|
|
14 |
|
|
2 |
|
|
— |
|
|
22,474 |
|
Accretion expense |
508 |
|
|
— |
|
|
— |
|
|
— |
|
|
508 |
|
|
647,448 |
|
|
559 |
|
|
2 |
|
|
— |
|
|
648,009 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME FROM OPERATIONS |
(519,277 |
) |
|
81 |
|
|
(2 |
) |
|
— |
|
|
(519,198 |
) |
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
32,104 |
|
|
1 |
|
|
— |
|
|
— |
|
|
32,105 |
|
Interest income |
(485 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(485 |
) |
Loss (income) from equity method investments and investments in subsidiaries |
31,495 |
|
|
59 |
|
|
24,447 |
|
|
(24,428 |
) |
|
31,573 |
|
|
63,114 |
|
|
60 |
|
|
24,447 |
|
|
(24,428 |
) |
|
63,193 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME BEFORE INCOME TAXES |
(582,391 |
) |
|
21 |
|
|
(24,449 |
) |
|
24,428 |
|
|
(582,391 |
) |
INCOME TAX BENEFIT |
(348 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(348 |
) |
|
|
|
|
|
|
|
|
|
|
NET (LOSS) INCOME |
$ |
(582,043 |
) |
|
$ |
21 |
|
|
$ |
(24,449 |
) |
|
$ |
24,428 |
|
|
$ |
(582,043 |
) |
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 Comprehensive Income (Loss) |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net (loss) income |
$ |
(339,776 |
) |
|
$ |
55 |
|
|
$ |
(762 |
) |
|
$ |
707 |
|
|
$ |
(339,776 |
) |
Foreign currency translation adjustment |
(684 |
) |
|
— |
|
|
(604 |
) |
|
604 |
|
|
(684 |
) |
Other comprehensive (loss) income |
(684 |
) |
|
— |
|
|
(604 |
) |
|
604 |
|
|
(684 |
) |
Comprehensive (loss) income |
$ |
(340,460 |
) |
|
$ |
55 |
|
|
$ |
(1,366 |
) |
|
$ |
1,311 |
|
|
$ |
(340,460 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net (loss) income |
$ |
(582,043 |
) |
|
$ |
21 |
|
|
$ |
(24,449 |
) |
|
$ |
24,428 |
|
|
$ |
(582,043 |
) |
Foreign currency translation adjustment |
8,374 |
|
|
— |
|
|
9,669 |
|
|
(9,669 |
) |
|
8,374 |
|
Other comprehensive income (loss) |
8,374 |
|
|
— |
|
|
9,669 |
|
|
(9,669 |
) |
|
8,374 |
|
Comprehensive (loss) income |
$ |
(573,669 |
) |
|
$ |
21 |
|
|
$ |
(14,780 |
) |
|
$ |
14,759 |
|
|
$ |
(573,669 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
) |
|
| Condensed Consolidating Statements of Cash Flows |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities |
$ |
142,470 |
|
|
$ |
254 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
142,724 |
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by investing activities |
(281,044 |
) |
|
(25,500 |
) |
|
(13,690 |
) |
|
39,190 |
|
|
(281,044 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
421,783 |
|
|
25,500 |
|
|
13,690 |
|
|
(39,190 |
) |
|
421,783 |
|
|
|
|
|
|
|
|
|
|
|
Net increase in cash and cash equivalents |
283,209 |
|
|
254 |
|
|
— |
|
|
— |
|
|
283,463 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
112,494 |
|
|
479 |
|
|
1 |
|
|
— |
|
|
112,974 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
395,703 |
|
|
$ |
733 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
396,437 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|