Condensed Consolidating Financial Information (Tables)
|
9 Months Ended |
Sep. 30, 2017 |
|---|
| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
|
| Condensed Consolidating Balance Sheets |
The following condensed consolidating balance sheets, statements of operations, statements of comprehensive (loss) income and statements of cash flows are provided for the Parent, the Guarantors and the Non-Guarantor and include the consolidating adjustments and eliminations necessary to arrive at the information for the Company on a condensed consolidated basis. The information has been presented using the equity method of accounting for the Parent’s ownership of the Guarantors and the Non-Guarantor.
CONDENSED CONSOLIDATING BALANCE SHEETS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
89,095 |
|
|
$ |
36,175 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
125,271 |
|
Accounts receivable - oil and natural gas |
126,746 |
|
|
53,360 |
|
|
— |
|
|
— |
|
|
180,106 |
|
Accounts receivable - related parties |
362 |
|
|
— |
|
|
— |
|
|
— |
|
|
362 |
|
Accounts receivable - intercompany |
514,187 |
|
|
57,927 |
|
|
— |
|
|
(572,114 |
) |
|
— |
|
Prepaid expenses and other current assets |
5,486 |
|
|
180 |
|
|
— |
|
|
— |
|
|
5,666 |
|
Short-term derivative instruments |
35,332 |
|
|
— |
|
|
— |
|
|
— |
|
|
35,332 |
|
Total current assets |
771,208 |
|
|
147,642 |
|
|
1 |
|
|
(572,114 |
) |
|
346,737 |
|
Property and equipment: |
|
|
|
|
|
|
|
|
|
Oil and natural gas properties, full-cost accounting |
6,371,324 |
|
|
2,496,644 |
|
|
— |
|
|
(729 |
) |
|
8,867,239 |
|
Other property and equipment |
84,182 |
|
|
43 |
|
|
— |
|
|
— |
|
|
84,225 |
|
Accumulated depletion, depreciation, amortization and impairment |
(4,043,843 |
) |
|
(36 |
) |
|
— |
|
|
— |
|
|
(4,043,879 |
) |
Property and equipment, net |
2,411,663 |
|
|
2,496,651 |
|
|
— |
|
|
(729 |
) |
|
4,907,585 |
|
Other assets: |
|
|
|
|
|
|
|
|
|
Equity investments and investments in subsidiaries |
2,262,011 |
|
|
70,375 |
|
|
58,674 |
|
|
(2,111,778 |
) |
|
279,282 |
|
Long-term derivative instruments |
6,409 |
|
|
— |
|
|
— |
|
|
— |
|
|
6,409 |
|
Deferred tax asset |
4,692 |
|
|
— |
|
|
— |
|
|
— |
|
|
4,692 |
|
Inventories |
9,438 |
|
|
4,470 |
|
|
— |
|
|
— |
|
|
13,908 |
|
Other assets |
10,561 |
|
|
8,424 |
|
|
— |
|
|
— |
|
|
18,985 |
|
Total other assets |
2,293,111 |
|
|
83,269 |
|
|
58,674 |
|
|
(2,111,778 |
) |
|
323,276 |
|
Total assets |
$ |
5,475,982 |
|
|
$ |
2,727,562 |
|
|
$ |
58,675 |
|
|
$ |
(2,684,621 |
) |
|
$ |
5,577,598 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders’ Equity
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities |
$ |
430,195 |
|
|
$ |
152,733 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
582,928 |
|
Accounts payable - intercompany |
57,927 |
|
|
514,060 |
|
|
127 |
|
|
(572,114 |
) |
|
— |
|
Asset retirement obligation - current |
195 |
|
|
— |
|
|
— |
|
|
— |
|
|
195 |
|
Derivative instruments |
29,130 |
|
|
— |
|
|
— |
|
|
— |
|
|
29,130 |
|
Current maturities of long-term debt |
570 |
|
|
— |
|
|
— |
|
|
— |
|
|
570 |
|
Total current liabilities |
518,017 |
|
|
666,793 |
|
|
127 |
|
|
(572,114 |
) |
|
612,823 |
|
Long-term derivative instrument |
19,712 |
|
|
— |
|
|
— |
|
|
— |
|
|
19,712 |
|
Asset retirement obligation - long-term |
37,456 |
|
|
6,810 |
|
|
— |
|
|
— |
|
|
44,266 |
|
Long-term debt, net of current maturities |
1,958,136 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,958,136 |
|
Total liabilities |
2,533,321 |
|
|
673,603 |
|
|
127 |
|
|
(572,114 |
) |
|
2,634,937 |
|
|
|
|
|
|
|
|
|
|
|
Stockholders’ equity: |
|
|
|
|
|
|
|
|
|
Common stock |
1,831 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,831 |
|
Paid-in capital |
4,413,623 |
|
|
1,905,599 |
|
|
258,871 |
|
|
(2,164,470 |
) |
|
4,413,623 |
|
Accumulated other comprehensive (loss) income |
(40,339 |
) |
|
— |
|
|
(38,443 |
) |
|
38,443 |
|
|
(40,339 |
) |
Retained (deficit) earnings |
(1,432,454 |
) |
|
148,360 |
|
|
(161,880 |
) |
|
13,520 |
|
|
(1,432,454 |
) |
Total stockholders’ equity |
2,942,661 |
|
|
2,053,959 |
|
|
58,548 |
|
|
(2,112,507 |
) |
|
2,942,661 |
|
Total liabilities and stockholders’ equity
|
$ |
5,475,982 |
|
|
$ |
2,727,562 |
|
|
$ |
58,675 |
|
|
$ |
(2,684,621 |
) |
|
$ |
5,577,598 |
|
CONDENSED CONSOLIDATING BALANCE SHEETS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
1,273,882 |
|
|
$ |
1,993 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,275,875 |
|
Restricted Cash |
185,000 |
|
|
— |
|
|
— |
|
|
— |
|
|
185,000 |
|
Accounts receivable - oil and natural gas |
137,087 |
|
|
37,496 |
|
|
— |
|
|
(37,822 |
) |
|
136,761 |
|
Accounts receivable - related parties |
16 |
|
|
— |
|
|
— |
|
|
— |
|
|
16 |
|
Accounts receivable - intercompany |
449,517 |
|
|
1,151 |
|
|
— |
|
|
(450,668 |
) |
|
— |
|
Prepaid expenses and other current assets |
3,135 |
|
|
— |
|
|
— |
|
|
— |
|
|
3,135 |
|
Short-term derivative instruments |
3,488 |
|
|
— |
|
|
— |
|
|
— |
|
|
3,488 |
|
Total current assets |
2,052,125 |
|
|
40,640 |
|
|
— |
|
|
(488,490 |
) |
|
1,604,275 |
|
|
|
|
|
|
|
|
|
|
|
Property and equipment: |
|
|
|
|
|
|
|
|
|
Oil and natural gas properties, full-cost accounting, |
5,655,125 |
|
|
417,524 |
|
|
— |
|
|
(729 |
) |
|
6,071,920 |
|
Other property and equipment |
68,943 |
|
|
43 |
|
|
— |
|
|
— |
|
|
68,986 |
|
Accumulated depletion, depreciation, amortization and impairment |
(3,789,746 |
) |
|
(34 |
) |
|
— |
|
|
— |
|
|
(3,789,780 |
) |
Property and equipment, net |
1,934,322 |
|
|
417,533 |
|
|
— |
|
|
(729 |
) |
|
2,351,126 |
|
Other assets: |
|
|
|
|
|
|
|
|
|
Equity investments and investments in subsidiaries |
236,327 |
|
|
33,590 |
|
|
45,213 |
|
|
(71,210 |
) |
|
243,920 |
|
Long-term derivative instruments |
5,696 |
|
|
— |
|
|
— |
|
|
— |
|
|
5,696 |
|
Deferred tax asset |
4,692 |
|
|
— |
|
|
— |
|
|
— |
|
|
4,692 |
|
Inventories |
3,095 |
|
|
1,409 |
|
|
— |
|
|
— |
|
|
4,504 |
|
Other assets |
8,932 |
|
|
— |
|
|
— |
|
|
— |
|
|
8,932 |
|
Total other assets |
258,742 |
|
|
34,999 |
|
|
45,213 |
|
|
(71,210 |
) |
|
267,744 |
|
Total assets |
$ |
4,245,189 |
|
|
$ |
493,172 |
|
|
$ |
45,213 |
|
|
$ |
(560,429 |
) |
|
$ |
4,223,145 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders’ Equity
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities |
$ |
255,966 |
|
|
$ |
9,158 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
265,124 |
|
Accounts payable - intercompany |
31,202 |
|
|
457,163 |
|
|
126 |
|
|
(488,491 |
) |
|
— |
|
Asset retirement obligation - current |
195 |
|
|
— |
|
|
— |
|
|
— |
|
|
195 |
|
Derivative instruments |
119,219 |
|
|
— |
|
|
— |
|
|
— |
|
|
119,219 |
|
Current maturities of long-term debt |
276 |
|
|
— |
|
|
— |
|
|
— |
|
|
276 |
|
Total current liabilities |
406,858 |
|
|
466,321 |
|
|
126 |
|
|
(488,491 |
) |
|
384,814 |
|
|
|
|
|
|
|
|
|
|
|
Long-term derivative instrument |
26,759 |
|
|
— |
|
|
— |
|
|
— |
|
|
26,759 |
|
Asset retirement obligation - long-term |
34,081 |
|
|
— |
|
|
— |
|
|
— |
|
|
34,081 |
|
Long-term debt, net of current maturities |
1,593,599 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,593,599 |
|
Total liabilities |
2,061,297 |
|
|
466,321 |
|
|
126 |
|
|
(488,491 |
) |
|
2,039,253 |
|
|
|
|
|
|
|
|
|
|
|
Stockholders’ equity: |
|
|
|
|
|
|
|
|
|
Common stock |
1,588 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,588 |
|
Paid-in capital |
3,946,442 |
|
|
33,822 |
|
|
257,026 |
|
|
(290,848 |
) |
|
3,946,442 |
|
Accumulated other comprehensive (loss) income |
(53,058 |
) |
|
— |
|
|
(50,931 |
) |
|
50,931 |
|
|
(53,058 |
) |
Retained (deficit) earnings |
(1,711,080 |
) |
|
(6,971 |
) |
|
(161,008 |
) |
|
167,979 |
|
|
(1,711,080 |
) |
Total stockholders’ equity |
2,183,892 |
|
|
26,851 |
|
|
45,087 |
|
|
(71,938 |
) |
|
2,183,892 |
|
Total liabilities and stockholders’ equity
|
$ |
4,245,189 |
|
|
$ |
493,172 |
|
|
$ |
45,213 |
|
|
$ |
(560,429 |
) |
|
$ |
4,223,145 |
|
|
| Condensed Consolidating Statements of Operations |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
188,390 |
|
|
$ |
77,108 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
265,498 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
16,019 |
|
|
4,001 |
|
|
— |
|
|
— |
|
|
20,020 |
|
Production taxes |
4,052 |
|
|
1,367 |
|
|
— |
|
|
— |
|
|
5,419 |
|
Midstream gathering and processing |
52,725 |
|
|
16,647 |
|
|
— |
|
|
— |
|
|
69,372 |
|
Depreciation, depletion, and amortization |
106,649 |
|
|
1 |
|
|
— |
|
|
— |
|
|
106,650 |
|
General and administrative |
13,956 |
|
|
(892 |
) |
|
1 |
|
|
— |
|
|
13,065 |
|
Accretion expense |
335 |
|
|
121 |
|
|
— |
|
|
— |
|
|
456 |
|
Acquisition expense |
(5 |
) |
|
38 |
|
|
— |
|
|
— |
|
|
33 |
|
|
193,731 |
|
|
21,283 |
|
|
1 |
|
|
— |
|
|
215,015 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME FROM OPERATIONS |
(5,341 |
) |
|
55,825 |
|
|
(1 |
) |
|
— |
|
|
50,483 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
27,914 |
|
|
(784 |
) |
|
— |
|
|
— |
|
|
27,130 |
|
Interest income |
(29 |
) |
|
(8 |
) |
|
— |
|
|
— |
|
|
(37 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
(53,880 |
) |
|
128 |
|
|
296 |
|
|
56,193 |
|
|
2,737 |
|
Other income |
(344 |
) |
|
(1 |
) |
|
— |
|
|
— |
|
|
(345 |
) |
|
(26,339 |
) |
|
(665 |
) |
|
296 |
|
|
56,193 |
|
|
29,485 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
20,998 |
|
|
56,490 |
|
|
(297 |
) |
|
(56,193 |
) |
|
20,998 |
|
INCOME TAX EXPENSE |
2,763 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,763 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
18,235 |
|
|
$ |
56,490 |
|
|
$ |
(297 |
) |
|
$ |
(56,193 |
) |
|
$ |
18,235 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
193,227 |
|
|
$ |
465 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
193,692 |
|
|
|
|
|
|
|
|
|
|
|
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 natural 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 |
(158,455 |
) |
|
461 |
|
|
— |
|
|
— |
|
|
(157,994 |
) |
|
|
|
|
|
|
|
|
|
|
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 |
) |
Other income |
5 |
|
|
1 |
|
|
|
|
|
|
|
|
6 |
|
|
2,248 |
|
|
(98 |
) |
|
364 |
|
|
195 |
|
|
2,709 |
|
|
|
|
|
|
|
|
|
|
|
(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)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
710,184 |
|
|
$ |
212,271 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
922,455 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
49,891 |
|
|
10,153 |
|
|
— |
|
|
— |
|
|
60,044 |
|
Production taxes |
10,799 |
|
|
3,665 |
|
|
— |
|
|
— |
|
|
14,464 |
|
Midstream gathering and processing |
132,740 |
|
|
43,518 |
|
|
— |
|
|
— |
|
|
176,258 |
|
Depreciation, depletion, and amortization |
254,884 |
|
|
3 |
|
|
— |
|
|
— |
|
|
254,887 |
|
General and administrative |
39,882 |
|
|
(1,963 |
) |
|
3 |
|
|
— |
|
|
37,922 |
|
Accretion expense |
908 |
|
|
240 |
|
|
— |
|
|
— |
|
|
1,148 |
|
Acquisition expense |
— |
|
|
2,391 |
|
|
— |
|
|
— |
|
|
2,391 |
|
|
489,104 |
|
|
58,007 |
|
|
3 |
|
|
— |
|
|
547,114 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) FROM OPERATIONS |
221,080 |
|
|
154,264 |
|
|
(3 |
) |
|
— |
|
|
375,341 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
79,095 |
|
|
(4,298 |
) |
|
— |
|
|
— |
|
|
74,797 |
|
Interest income |
(913 |
) |
|
(14 |
) |
|
— |
|
|
— |
|
|
(927 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
(136,969 |
) |
|
2,586 |
|
|
869 |
|
|
154,459 |
|
|
20,945 |
|
Other (income) expense |
(1,522 |
) |
|
(241 |
) |
|
— |
|
|
900 |
|
|
(863 |
) |
|
(60,309 |
) |
|
(1,967 |
) |
|
869 |
|
|
155,359 |
|
|
93,952 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
281,389 |
|
|
156,231 |
|
|
(872 |
) |
|
(155,359 |
) |
|
281,389 |
|
INCOME TAX EXPENSE |
2,763 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,763 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
278,626 |
|
|
$ |
156,231 |
|
|
$ |
(872 |
) |
|
$ |
(155,359 |
) |
|
$ |
278,626 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
321,404 |
|
|
$ |
1,090 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
322,494 |
|
|
|
|
|
|
|
|
|
|
|
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 natural 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 |
(677,726 |
) |
|
527 |
|
|
(2 |
) |
|
— |
|
|
(677,201 |
) |
|
|
|
|
|
|
|
|
|
|
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 |
|
Other income |
5 |
|
|
(8 |
) |
|
— |
|
|
— |
|
|
(3 |
) |
|
65,368 |
|
|
(47 |
) |
|
24,812 |
|
|
(24,240 |
) |
|
65,893 |
|
|
|
|
|
|
|
|
|
|
|
(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 Comprehensive Income (Loss) |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
18,235 |
|
|
$ |
56,490 |
|
|
$ |
(297 |
) |
|
$ |
(56,193 |
) |
|
$ |
18,235 |
|
Foreign currency translation adjustment |
6,832 |
|
|
158 |
|
|
6,674 |
|
|
(6,832 |
) |
|
6,832 |
|
Other comprehensive income (loss) |
6,832 |
|
|
158 |
|
|
6,674 |
|
|
(6,832 |
) |
|
6,832 |
|
Comprehensive income (loss) |
$ |
25,067 |
|
|
$ |
56,648 |
|
|
$ |
6,377 |
|
|
$ |
(63,025 |
) |
|
$ |
25,067 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
(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 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
278,626 |
|
|
$ |
156,231 |
|
|
$ |
(872 |
) |
|
$ |
(155,359 |
) |
|
$ |
278,626 |
|
Foreign currency translation adjustment |
12,719 |
|
|
232 |
|
|
12,487 |
|
|
(12,719 |
) |
|
12,719 |
|
Other comprehensive income (loss) |
12,719 |
|
|
232 |
|
|
12,487 |
|
|
(12,719 |
) |
|
12,719 |
|
Comprehensive income (loss) |
$ |
291,345 |
|
|
$ |
156,463 |
|
|
$ |
11,615 |
|
|
$ |
(168,078 |
) |
|
$ |
291,345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
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 |
) |
|
| Condensed Consolidating Statements of Cash Flows |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
$ |
310,624 |
|
|
$ |
181,108 |
|
|
$ |
(1 |
) |
|
$ |
2 |
|
|
$ |
491,733 |
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by investing activities |
(1,849,554 |
) |
|
(1,554,063 |
) |
|
(1,843 |
) |
|
1,408,980 |
|
|
(1,996,480 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
354,143 |
|
|
1,407,137 |
|
|
1,845 |
|
|
(1,408,982 |
) |
|
354,143 |
|
|
|
|
|
|
|
|
|
|
|
Net (decrease) increase in cash and cash equivalents |
(1,184,787 |
) |
|
34,182 |
|
|
1 |
|
|
— |
|
|
(1,150,604 |
) |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
1,273,882 |
|
|
1,993 |
|
|
— |
|
|
— |
|
|
1,275,875 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
89,095 |
|
|
$ |
36,175 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
125,271 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|