Condensed Consolidating Financial Information (Tables)
|
9 Months Ended |
Sep. 30, 2016 |
|---|
| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
|
| Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
363,279 |
|
|
$ |
996 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
364,276 |
|
Accounts receivable - oil and gas |
133,159 |
|
|
16,283 |
|
|
— |
|
|
(21,654 |
) |
|
127,788 |
|
Accounts receivable - related parties |
96 |
|
|
— |
|
|
— |
|
|
— |
|
|
96 |
|
Accounts receivable - intercompany |
384,280 |
|
|
5,970 |
|
|
— |
|
|
(390,250 |
) |
|
— |
|
Prepaid expenses and other current assets |
10,270 |
|
|
470 |
|
|
— |
|
|
— |
|
|
10,740 |
|
Short-term derivative instruments |
39,363 |
|
|
— |
|
|
— |
|
|
— |
|
|
39,363 |
|
Deferred tax asset |
38 |
|
|
— |
|
|
— |
|
|
— |
|
|
38 |
|
Total current assets |
930,485 |
|
|
23,719 |
|
|
1 |
|
|
(411,904 |
) |
|
542,301 |
|
Property and equipment: |
|
|
|
|
|
|
|
|
|
Oil and natural gas properties, full-cost accounting |
5,425,128 |
|
|
392,059 |
|
|
— |
|
|
(729 |
) |
|
5,816,458 |
|
Other property and equipment |
54,417 |
|
|
43 |
|
|
— |
|
|
— |
|
|
54,460 |
|
Accumulated depletion, depreciation, amortization and impairment |
(3,613,630 |
) |
|
(32 |
) |
|
— |
|
|
— |
|
|
(3,613,662 |
) |
Property and equipment, net |
1,865,915 |
|
|
392,070 |
|
|
— |
|
|
(729 |
) |
|
2,257,256 |
|
Other assets: |
|
|
|
|
|
|
|
|
|
Equity investments |
241,342 |
|
|
26,540 |
|
|
48,596 |
|
|
(65,169 |
) |
|
251,309 |
|
Long-term derivative instruments |
15,262 |
|
|
— |
|
|
— |
|
|
— |
|
|
15,262 |
|
Deferred tax asset |
4,203 |
|
|
— |
|
|
— |
|
|
— |
|
|
4,203 |
|
Other assets |
5,512 |
|
|
— |
|
|
— |
|
|
— |
|
|
5,512 |
|
Total other assets |
266,319 |
|
|
26,540 |
|
|
48,596 |
|
|
(65,169 |
) |
|
276,286 |
|
Total assets |
$ |
3,062,719 |
|
|
$ |
442,329 |
|
|
$ |
48,597 |
|
|
$ |
(477,802 |
) |
|
$ |
3,075,843 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities |
$ |
291,217 |
|
|
$ |
40,557 |
|
|
$ |
1 |
|
|
$ |
(27,434 |
) |
|
$ |
304,341 |
|
Accounts payable - intercompany |
— |
|
|
384,346 |
|
|
125 |
|
|
(384,471 |
) |
|
— |
|
Asset retirement obligation - current |
75 |
|
|
— |
|
|
— |
|
|
— |
|
|
75 |
|
Short-term derivative instruments |
37,220 |
|
|
— |
|
|
— |
|
|
— |
|
|
37,220 |
|
Current maturities of long-term debt |
220 |
|
|
— |
|
|
— |
|
|
— |
|
|
220 |
|
Total current liabilities |
328,732 |
|
|
424,903 |
|
|
126 |
|
|
(411,905 |
) |
|
341,856 |
|
Long-term derivative instrument |
14,907 |
|
|
— |
|
|
— |
|
|
— |
|
|
14,907 |
|
Asset retirement obligation - long-term |
32,910 |
|
|
— |
|
|
— |
|
|
— |
|
|
32,910 |
|
Long-term debt |
961,050 |
|
|
— |
|
|
— |
|
|
— |
|
|
961,050 |
|
Total liabilities |
1,337,599 |
|
|
424,903 |
|
|
126 |
|
|
(411,905 |
) |
|
1,350,723 |
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
Common stock |
1,253 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,253 |
|
Paid-in capital |
3,245,393 |
|
|
26,822 |
|
|
256,065 |
|
|
(282,887 |
) |
|
3,245,393 |
|
Accumulated other comprehensive (loss) income |
(50,816 |
) |
|
— |
|
|
(46,925 |
) |
|
46,925 |
|
|
(50,816 |
) |
Retained (deficit) earnings |
(1,470,710 |
) |
|
(9,396 |
) |
|
(160,669 |
) |
|
170,065 |
|
|
(1,470,710 |
) |
Total stockholders' equity |
1,725,120 |
|
|
17,426 |
|
|
48,471 |
|
|
(65,897 |
) |
|
1,725,120 |
|
Total liabilities and stockholders' equity |
$ |
3,062,719 |
|
|
$ |
442,329 |
|
|
$ |
48,597 |
|
|
$ |
(477,802 |
) |
|
$ |
3,075,843 |
|
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 September 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
193,222 |
|
|
$ |
464 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
193,686 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
17,283 |
|
|
188 |
|
|
— |
|
|
— |
|
|
17,471 |
|
Production taxes |
3,495 |
|
|
30 |
|
|
— |
|
|
— |
|
|
3,525 |
|
Midstream gathering and processing |
45,385 |
|
|
90 |
|
|
— |
|
|
— |
|
|
45,475 |
|
Depreciation, depletion, and amortization |
62,284 |
|
|
1 |
|
|
— |
|
|
— |
|
|
62,285 |
|
Impairment of oil and gas properties |
212,194 |
|
|
— |
|
|
— |
|
|
— |
|
|
212,194 |
|
General and administrative |
10,772 |
|
|
(305 |
) |
|
— |
|
|
— |
|
|
10,467 |
|
Accretion expense |
269 |
|
|
— |
|
|
— |
|
|
— |
|
|
269 |
|
|
351,682 |
|
|
4 |
|
|
— |
|
|
— |
|
|
351,686 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME FROM OPERATIONS |
(158,460 |
) |
|
460 |
|
|
— |
|
|
— |
|
|
(158,000 |
) |
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
12,787 |
|
|
— |
|
|
— |
|
|
— |
|
|
12,787 |
|
Interest income |
(337 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(337 |
) |
Insurance proceeds |
(3,750 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(3,750 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
(6,457 |
) |
|
(99 |
) |
|
364 |
|
|
195 |
|
|
(5,997 |
) |
|
2,243 |
|
|
(99 |
) |
|
364 |
|
|
195 |
|
|
2,703 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME BEFORE INCOME TAXES |
(160,703 |
) |
|
559 |
|
|
(364 |
) |
|
(195 |
) |
|
(160,703 |
) |
INCOME TAX BENEFIT |
(3,407 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(3,407 |
) |
|
|
|
|
|
|
|
|
|
|
NET (LOSS) INCOME |
$ |
(157,296 |
) |
|
$ |
559 |
|
|
$ |
(364 |
) |
|
$ |
(195 |
) |
|
$ |
(157,296 |
) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
230,282 |
|
|
$ |
287 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
230,569 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
17,358 |
|
|
210 |
|
|
— |
|
|
— |
|
|
17,568 |
|
Production taxes |
3,570 |
|
|
23 |
|
|
— |
|
|
— |
|
|
3,593 |
|
Midstream gathering and processing |
42,139 |
|
|
27 |
|
|
— |
|
|
— |
|
|
42,166 |
|
Depreciation, depletion, and amortization |
90,327 |
|
|
2 |
|
|
— |
|
|
— |
|
|
90,329 |
|
Impairment of oil and gas properties |
594,776 |
|
|
— |
|
|
— |
|
|
— |
|
|
594,776 |
|
General and administrative |
10,999 |
|
|
6 |
|
|
(4 |
) |
|
— |
|
|
11,001 |
|
Accretion expense |
212 |
|
|
— |
|
|
— |
|
|
— |
|
|
212 |
|
|
759,381 |
|
|
268 |
|
|
(4 |
) |
|
— |
|
|
759,645 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME FROM OPERATIONS |
(529,099 |
) |
|
19 |
|
|
4 |
|
|
— |
|
|
(529,076 |
) |
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
14,124 |
|
|
— |
|
|
— |
|
|
— |
|
|
14,124 |
|
Interest income |
(279 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(279 |
) |
Loss (income) from equity method investments and investments in subsidiaries |
61,868 |
|
|
— |
|
|
58,653 |
|
|
(58,630 |
) |
|
61,891 |
|
|
75,713 |
|
|
— |
|
|
58,653 |
|
|
(58,630 |
) |
|
75,736 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME BEFORE INCOME TAXES |
(604,812 |
) |
|
19 |
|
|
(58,649 |
) |
|
58,630 |
|
|
(604,812 |
) |
INCOME TAX BENEFIT |
(216,603 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(216,603 |
) |
|
|
|
|
|
|
|
|
|
|
NET (LOSS) INCOME |
$ |
(388,209 |
) |
|
$ |
19 |
|
|
$ |
(58,649 |
) |
|
$ |
58,630 |
|
|
$ |
(388,209 |
) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
321,399 |
|
|
$ |
1,098 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
322,497 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
48,246 |
|
|
543 |
|
|
— |
|
|
— |
|
|
48,789 |
|
Production taxes |
9,410 |
|
|
82 |
|
|
— |
|
|
— |
|
|
9,492 |
|
Midstream gathering and processing |
122,250 |
|
|
226 |
|
|
— |
|
|
— |
|
|
122,476 |
|
Depreciation, depletion, and amortization |
183,411 |
|
|
3 |
|
|
|
|
|
|
|
|
183,414 |
|
Impairment of oil and gas properties |
601,806 |
|
|
— |
|
|
— |
|
|
— |
|
|
601,806 |
|
General and administrative |
33,230 |
|
|
(291 |
) |
|
2 |
|
|
— |
|
|
32,941 |
|
Accretion expense |
777 |
|
|
— |
|
|
— |
|
|
— |
|
|
777 |
|
|
999,130 |
|
|
563 |
|
|
2 |
|
|
— |
|
|
999,695 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME FROM OPERATIONS |
(677,731 |
) |
|
535 |
|
|
(2 |
) |
|
— |
|
|
(677,198 |
) |
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
44,891 |
|
|
1 |
|
|
— |
|
|
— |
|
|
44,892 |
|
Interest income |
(822 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(822 |
) |
Insurance proceeds |
(3,750 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(3,750 |
) |
Loss (income) from equity method investments and investments in subsidiaries |
25,044 |
|
|
(40 |
) |
|
24,812 |
|
|
(24,240 |
) |
|
25,576 |
|
|
65,363 |
|
|
(39 |
) |
|
24,812 |
|
|
(24,240 |
) |
|
65,896 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME BEFORE INCOME TAXES |
(743,094 |
) |
|
574 |
|
|
(24,814 |
) |
|
24,240 |
|
|
(743,094 |
) |
INCOME TAX BENEFIT |
(3,755 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(3,755 |
) |
|
|
|
|
|
|
|
|
|
|
NET (LOSS) INCOME |
$ |
(739,339 |
) |
|
$ |
574 |
|
|
$ |
(24,814 |
) |
|
$ |
24,240 |
|
|
$ |
(739,339 |
) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
518,141 |
|
|
$ |
1,015 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
519,156 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
50,830 |
|
|
581 |
|
|
— |
|
|
— |
|
|
51,411 |
|
Production taxes |
11,083 |
|
|
80 |
|
|
— |
|
|
— |
|
|
11,163 |
|
Midstream gathering and processing |
100,405 |
|
|
46 |
|
|
— |
|
|
— |
|
|
100,451 |
|
Depreciation, depletion, and amortization |
251,389 |
|
|
4 |
|
|
— |
|
|
— |
|
|
251,393 |
|
Impairment of oil and gas properties |
594,776 |
|
|
— |
|
|
— |
|
|
— |
|
|
594,776 |
|
General and administrative |
31,248 |
|
|
47 |
|
|
20 |
|
|
— |
|
|
31,315 |
|
Accretion expense |
594 |
|
|
— |
|
|
— |
|
|
— |
|
|
594 |
|
|
1,040,325 |
|
|
758 |
|
|
20 |
|
|
— |
|
|
1,041,103 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME FROM OPERATIONS |
(522,184 |
) |
|
257 |
|
|
(20 |
) |
|
— |
|
|
(521,947 |
) |
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
34,906 |
|
|
— |
|
|
— |
|
|
— |
|
|
34,906 |
|
Interest income |
(536 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(536 |
) |
Loss (income) from equity method investments and investments in subsidiaries |
56,799 |
|
|
— |
|
|
71,289 |
|
|
(71,052 |
) |
|
57,036 |
|
|
91,169 |
|
|
— |
|
|
71,289 |
|
|
(71,052 |
) |
|
91,406 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME BEFORE INCOME TAXES |
(613,353 |
) |
|
257 |
|
|
(71,309 |
) |
|
71,052 |
|
|
(613,353 |
) |
INCOME TAX BENEFIT |
(219,338 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(219,338 |
) |
|
|
|
|
|
|
|
|
|
|
NET (LOSS) INCOME |
$ |
(394,015 |
) |
|
$ |
257 |
|
|
$ |
(71,309 |
) |
|
$ |
71,052 |
|
|
$ |
(394,015 |
) |
|
| Condensed Consolidating Statements of Comprehensive Income (Loss) |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net (loss) income |
$ |
(157,296 |
) |
|
$ |
559 |
|
|
$ |
(364 |
) |
|
$ |
(195 |
) |
|
$ |
(157,296 |
) |
Foreign currency translation adjustment, net of taxes |
(4,013 |
) |
|
— |
|
|
(1,417 |
) |
|
1,417 |
|
|
(4,013 |
) |
Other comprehensive (loss) income |
(4,013 |
) |
|
— |
|
|
(1,417 |
) |
|
1,417 |
|
|
(4,013 |
) |
Comprehensive (loss) income |
$ |
(161,309 |
) |
|
$ |
559 |
|
|
$ |
(1,781 |
) |
|
$ |
1,222 |
|
|
$ |
(161,309 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net (loss) income |
$ |
(388,209 |
) |
|
$ |
19 |
|
|
$ |
(58,649 |
) |
|
$ |
58,630 |
|
|
$ |
(388,209 |
) |
Foreign currency translation adjustment |
(11,538 |
) |
|
— |
|
|
(11,538 |
) |
|
11,538 |
|
|
(11,538 |
) |
Other comprehensive (loss) income |
(11,538 |
) |
|
— |
|
|
(11,538 |
) |
|
11,538 |
|
|
(11,538 |
) |
Comprehensive (loss) income |
$ |
(399,747 |
) |
|
$ |
19 |
|
|
$ |
(70,187 |
) |
|
$ |
70,168 |
|
|
$ |
(399,747 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net (loss) income |
$ |
(739,339 |
) |
|
$ |
574 |
|
|
$ |
(24,814 |
) |
|
$ |
24,240 |
|
|
$ |
(739,339 |
) |
Foreign currency translation adjustment, net of taxes |
4,361 |
|
|
— |
|
|
8,252 |
|
|
(8,252 |
) |
|
4,361 |
|
Other comprehensive income (loss) |
4,361 |
|
|
— |
|
|
8,252 |
|
|
(8,252 |
) |
|
4,361 |
|
Comprehensive (loss) income |
$ |
(734,978 |
) |
|
$ |
574 |
|
|
$ |
(16,562 |
) |
|
$ |
15,988 |
|
|
$ |
(734,978 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
Net (loss) income |
$ |
(394,015 |
) |
|
$ |
257 |
|
|
$ |
(71,309 |
) |
|
$ |
71,052 |
|
|
$ |
(394,015 |
) |
Foreign currency translation adjustment |
(23,275 |
) |
|
— |
|
|
(23,275 |
) |
|
23,275 |
|
|
(23,275 |
) |
Other comprehensive (loss) income |
(23,275 |
) |
|
— |
|
|
(23,275 |
) |
|
23,275 |
|
|
(23,275 |
) |
Comprehensive (loss) income |
$ |
(417,290 |
) |
|
$ |
257 |
|
|
$ |
(94,584 |
) |
|
$ |
94,327 |
|
|
$ |
(417,290 |
) |
|
| Condensed Consolidating Statements of Cash Flows |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
$ |
244,758 |
|
|
$ |
517 |
|
|
$ |
3,998 |
|
|
$ |
(3,998 |
) |
|
$ |
245,275 |
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by investing activities |
(420,257 |
) |
|
(26,500 |
) |
|
(18,510 |
) |
|
45,010 |
|
|
(420,257 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
426,284 |
|
|
26,500 |
|
|
14,512 |
|
|
(41,012 |
) |
|
426,284 |
|
|
|
|
|
|
|
|
|
|
|
Net increase in cash and cash equivalents |
250,785 |
|
|
517 |
|
|
— |
|
|
— |
|
|
251,302 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
112,494 |
|
|
479 |
|
|
1 |
|
|
— |
|
|
112,974 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
363,279 |
|
|
$ |
996 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
364,276 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
$ |
247,447 |
|
|
$ |
(12,356 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
235,091 |
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by investing activities |
(1,385,878 |
) |
|
13,501 |
|
|
(13,837 |
) |
|
13,837 |
|
|
(1,372,377 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
1,223,057 |
|
|
— |
|
|
13,837 |
|
|
(13,837 |
) |
|
1,223,057 |
|
|
|
|
|
|
|
|
|
|
|
Net increase in cash and cash equivalents |
84,626 |
|
|
1,145 |
|
|
— |
|
|
— |
|
|
85,771 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
141,535 |
|
|
804 |
|
|
1 |
|
|
— |
|
|
142,340 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
226,161 |
|
|
$ |
1,949 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
228,111 |
|
|