Condensed Consolidating Financial Information (Tables)
|
12 Months Ended |
Dec. 31, 2017 |
|---|
| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
|
| Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
67,908 |
|
|
$ |
31,649 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
99,557 |
|
Restricted cash |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Accounts receivable - oil and natural gas |
128,121 |
|
|
54,092 |
|
|
— |
|
|
— |
|
|
182,213 |
|
Accounts receivable - related parties |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Accounts receivable - intercompany |
554,439 |
|
|
63,374 |
|
|
— |
|
|
(617,813 |
) |
|
— |
|
Prepaid expenses and other current assets |
4,719 |
|
|
193 |
|
|
— |
|
|
— |
|
|
4,912 |
|
Short-term derivative instruments |
78,847 |
|
|
— |
|
|
— |
|
|
— |
|
|
78,847 |
|
Total current assets |
834,034 |
|
|
149,308 |
|
|
— |
|
|
(617,813 |
) |
|
365,529 |
|
Property and equipment: |
|
|
|
|
|
|
|
|
|
Oil and natural gas properties, full-cost accounting |
6,562,147 |
|
|
2,607,738 |
|
|
— |
|
|
(729 |
) |
|
9,169,156 |
|
Other property and equipment |
86,711 |
|
|
43 |
|
|
— |
|
|
— |
|
|
86,754 |
|
Accumulated depletion, depreciation, amortization and impairment |
(4,153,696 |
) |
|
(37 |
) |
|
— |
|
|
— |
|
|
(4,153,733 |
) |
Property and equipment, net |
2,495,162 |
|
|
2,607,744 |
|
|
— |
|
|
(729 |
) |
|
5,102,177 |
|
Other assets: |
|
|
|
|
|
|
|
|
|
Equity investments and investments in subsidiaries |
2,361,575 |
|
|
77,744 |
|
|
57,641 |
|
|
(2,194,848 |
) |
|
302,112 |
|
Long-term derivative instruments |
8,685 |
|
|
— |
|
|
— |
|
|
— |
|
|
8,685 |
|
Deferred tax asset |
1,208 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,208 |
|
Inventories |
5,816 |
|
|
2,411 |
|
|
— |
|
|
— |
|
|
8,227 |
|
Other assets |
12,483 |
|
|
7,331 |
|
|
— |
|
|
— |
|
|
19,814 |
|
Total other assets |
2,389,767 |
|
|
87,486 |
|
|
57,641 |
|
|
(2,194,848 |
) |
|
340,046 |
|
Total assets |
$ |
5,718,963 |
|
|
$ |
2,844,538 |
|
|
$ |
57,641 |
|
|
$ |
(2,813,390 |
) |
|
$ |
5,807,752 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and stockholders' equity |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities |
$ |
416,249 |
|
|
$ |
137,361 |
|
|
$ |
— |
|
|
$ |
(1 |
) |
|
$ |
553,609 |
|
Accounts payable - intercompany |
63,373 |
|
|
554,313 |
|
|
127 |
|
|
(617,813 |
) |
|
— |
|
Asset retirement obligation - current |
120 |
|
|
— |
|
|
— |
|
|
— |
|
|
120 |
|
Short-term derivative instruments |
32,534 |
|
|
— |
|
|
— |
|
|
— |
|
|
32,534 |
|
Current maturities of long-term debt |
622 |
|
|
— |
|
|
— |
|
|
— |
|
|
622 |
|
Total current liabilities |
512,898 |
|
|
691,674 |
|
|
127 |
|
|
(617,814 |
) |
|
586,885 |
|
Long-term derivative instruments |
2,989 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,989 |
|
Asset retirement obligation - long-term |
63,141 |
|
|
11,839 |
|
|
— |
|
|
— |
|
|
74,980 |
|
Other non-current liabilities |
— |
|
|
2,963 |
|
|
— |
|
|
— |
|
|
2,963 |
|
Long-term debt, net of current maturities |
2,038,321 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,038,321 |
|
Total liabilities |
2,617,349 |
|
|
706,476 |
|
|
127 |
|
|
(617,814 |
) |
|
2,706,138 |
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
Common stock |
1,831 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,831 |
|
Paid-in capital |
4,416,250 |
|
|
1,915,598 |
|
|
259,307 |
|
|
(2,174,905 |
) |
|
4,416,250 |
|
Accumulated other comprehensive (loss) income |
(40,539 |
) |
|
— |
|
|
(38,593 |
) |
|
38,593 |
|
|
(40,539 |
) |
Retained (deficit) earnings |
(1,275,928 |
) |
|
222,464 |
|
|
(163,200 |
) |
|
(59,264 |
) |
|
(1,275,928 |
) |
Total stockholders' equity |
3,101,614 |
|
|
2,138,062 |
|
|
57,514 |
|
|
(2,195,576 |
) |
|
3,101,614 |
|
Total liabilities and stockholders' equity |
$ |
5,718,963 |
|
|
$ |
2,844,538 |
|
|
$ |
57,641 |
|
|
$ |
(2,813,390 |
) |
|
$ |
5,807,752 |
|
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 |
|
Short-term 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 instruments |
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)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
1,010,989 |
|
|
$ |
309,314 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,320,303 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
65,793 |
|
|
14,453 |
|
|
— |
|
|
— |
|
|
80,246 |
|
Production taxes |
15,100 |
|
|
6,026 |
|
|
— |
|
|
— |
|
|
21,126 |
|
Midstream gathering and processing |
187,678 |
|
|
61,317 |
|
|
— |
|
|
— |
|
|
248,995 |
|
Depreciation, depletion and amortization |
364,625 |
|
|
4 |
|
|
— |
|
|
— |
|
|
364,629 |
|
General and administrative |
55,589 |
|
|
(2,654 |
) |
|
3 |
|
|
— |
|
|
52,938 |
|
Accretion expense |
1,246 |
|
|
365 |
|
|
— |
|
|
— |
|
|
1,611 |
|
Acquisition expense |
— |
|
|
2,392 |
|
|
— |
|
|
— |
|
|
2,392 |
|
|
690,031 |
|
|
81,903 |
|
|
3 |
|
|
— |
|
|
771,937 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) FROM OPERATIONS |
320,958 |
|
|
227,411 |
|
|
(3 |
) |
|
— |
|
|
548,366 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
112,732 |
|
|
(4,534 |
) |
|
— |
|
|
— |
|
|
108,198 |
|
Interest income |
(988 |
) |
|
(21 |
) |
|
— |
|
|
— |
|
|
(1,009 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
(226,130 |
) |
|
1,955 |
|
|
2,189 |
|
|
227,243 |
|
|
5,257 |
|
Other (income) expense |
(1,617 |
) |
|
(324 |
) |
|
— |
|
|
900 |
|
|
(1,041 |
) |
|
(116,003 |
) |
|
(2,924 |
) |
|
2,189 |
|
|
228,143 |
|
|
111,405 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
436,961 |
|
|
230,335 |
|
|
(2,192 |
) |
|
(228,143 |
) |
|
436,961 |
|
INCOME TAX EXPENSE |
1,809 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,809 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
435,152 |
|
|
$ |
230,335 |
|
|
$ |
(2,192 |
) |
|
$ |
(228,143 |
) |
|
$ |
435,152 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
381,931 |
|
|
$ |
3,979 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
385,910 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
68,034 |
|
|
843 |
|
|
— |
|
|
— |
|
|
68,877 |
|
Production taxes |
13,121 |
|
|
155 |
|
|
— |
|
|
— |
|
|
13,276 |
|
Midstream gathering and processing |
165,400 |
|
|
572 |
|
|
— |
|
|
— |
|
|
165,972 |
|
Depreciation, depletion and amortization |
245,970 |
|
|
4 |
|
|
— |
|
|
— |
|
|
245,974 |
|
Impairment of oil and natural gas properties |
715,495 |
|
|
— |
|
|
— |
|
|
— |
|
|
715,495 |
|
General and administrative |
43,896 |
|
|
(490 |
) |
|
3 |
|
|
— |
|
|
43,409 |
|
Accretion expense |
1,057 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,057 |
|
|
1,252,973 |
|
|
1,084 |
|
|
3 |
|
|
— |
|
|
1,254,060 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME FROM OPERATIONS |
(871,042 |
) |
|
2,895 |
|
|
(3 |
) |
|
— |
|
|
(868,150 |
) |
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
63,529 |
|
|
1 |
|
|
— |
|
|
— |
|
|
63,530 |
|
Interest income |
(1,230 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,230 |
) |
Insurance proceeds |
(5,718 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(5,718 |
) |
Loss on debt extinguishment |
23,776 |
|
|
— |
|
|
— |
|
|
— |
|
|
23,776 |
|
Loss (income) from equity method investments and investments in subsidiaries |
31,078 |
|
|
(89 |
) |
|
25,150 |
|
|
(22,154 |
) |
|
33,985 |
|
Other expense (income) |
145 |
|
|
(16 |
) |
|
— |
|
|
— |
|
|
129 |
|
|
111,580 |
|
|
(104 |
) |
|
25,150 |
|
|
(22,154 |
) |
|
114,472 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME BEFORE INCOME TAXES |
(982,622 |
) |
|
2,999 |
|
|
(25,153 |
) |
|
22,154 |
|
|
(982,622 |
) |
INCOME TAX BENEFIT |
(2,913 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2,913 |
) |
|
|
|
|
|
|
|
|
|
|
NET (LOSS) INCOME |
$ |
(979,709 |
) |
|
$ |
2,999 |
|
|
$ |
(25,153 |
) |
|
$ |
22,154 |
|
|
$ |
(979,709 |
) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
707,868 |
|
|
$ |
1,122 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
708,990 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
68,632 |
|
|
843 |
|
|
— |
|
|
— |
|
|
69,475 |
|
Production taxes |
14,618 |
|
|
122 |
|
|
— |
|
|
— |
|
|
14,740 |
|
Midstream gathering and processing |
138,526 |
|
|
64 |
|
|
— |
|
|
— |
|
|
138,590 |
|
Depreciation, depletion and amortization |
337,689 |
|
|
5 |
|
|
— |
|
|
— |
|
|
337,694 |
|
Impairment of oil and natural gas properties |
1,440,418 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,440,418 |
|
General and administrative |
41,892 |
|
|
55 |
|
|
20 |
|
|
— |
|
|
41,967 |
|
Accretion expense |
820 |
|
|
— |
|
|
— |
|
|
— |
|
|
820 |
|
|
2,042,595 |
|
|
1,089 |
|
|
20 |
|
|
— |
|
|
2,043,704 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME FROM OPERATIONS |
(1,334,727 |
) |
|
33 |
|
|
(20 |
) |
|
— |
|
|
(1,334,714 |
) |
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
51,221 |
|
|
— |
|
|
— |
|
|
— |
|
|
51,221 |
|
Interest income |
(643 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(643 |
) |
Insurance proceeds |
(10,015 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(10,015 |
) |
Loss (income) from equity method investments and investments in subsidiaries |
107,252 |
|
|
— |
|
|
115,544 |
|
|
(116,703 |
) |
|
106,093 |
|
Other (income) expense |
(1,657 |
) |
|
(346 |
) |
|
— |
|
|
1,518 |
|
|
(485 |
) |
|
146,158 |
|
|
(346 |
) |
|
115,544 |
|
|
(115,185 |
) |
|
146,171 |
|
|
|
|
|
|
|
|
|
|
|
(LOSS) INCOME BEFORE INCOME TAXES |
(1,480,885 |
) |
|
379 |
|
|
(115,564 |
) |
|
115,185 |
|
|
(1,480,885 |
) |
INCOME TAX BENEFIT |
(256,001 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(256,001 |
) |
|
|
|
|
|
|
|
|
|
|
NET (LOSS) INCOME |
$ |
(1,224,884 |
) |
|
$ |
379 |
|
|
$ |
(115,564 |
) |
|
$ |
115,185 |
|
|
$ |
(1,224,884 |
) |
|
| Condensed Consolidating Statements of Comprehensive Income (Loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
435,152 |
|
|
$ |
230,335 |
|
|
$ |
(2,192 |
) |
|
$ |
(228,143 |
) |
|
$ |
435,152 |
|
Foreign currency translation adjustment |
12,519 |
|
|
182 |
|
|
12,337 |
|
|
(12,519 |
) |
|
12,519 |
|
Other comprehensive income (loss) |
12,519 |
|
|
182 |
|
|
12,337 |
|
|
(12,519 |
) |
|
12,519 |
|
Comprehensive income (loss) |
$ |
447,671 |
|
|
$ |
230,517 |
|
|
$ |
10,145 |
|
|
$ |
(240,662 |
) |
|
$ |
447,671 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
Net (loss) income |
$ |
(979,709 |
) |
|
$ |
2,999 |
|
|
$ |
(25,153 |
) |
|
$ |
22,154 |
|
|
$ |
(979,709 |
) |
Foreign currency translation adjustment |
2,119 |
|
|
778 |
|
|
1,341 |
|
|
(2,119 |
) |
|
2,119 |
|
Other comprehensive income (loss) |
2,119 |
|
|
778 |
|
|
1,341 |
|
|
(2,119 |
) |
|
2,119 |
|
Comprehensive (loss) income |
$ |
(977,590 |
) |
|
$ |
3,777 |
|
|
$ |
(23,812 |
) |
|
$ |
20,035 |
|
|
$ |
(977,590 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
Net (loss) income |
$ |
(1,224,884 |
) |
|
$ |
379 |
|
|
$ |
(115,564 |
) |
|
$ |
115,185 |
|
|
$ |
(1,224,884 |
) |
Foreign currency translation adjustment |
(28,502 |
) |
|
— |
|
|
(28,502 |
) |
|
28,502 |
|
|
$ |
(28,502 |
) |
Other comprehensive (loss) income |
(28,502 |
) |
|
— |
|
|
(28,502 |
) |
|
28,502 |
|
|
(28,502 |
) |
Comprehensive (loss) income |
$ |
(1,253,386 |
) |
|
$ |
379 |
|
|
$ |
(144,066 |
) |
|
$ |
143,687 |
|
|
$ |
(1,253,386 |
) |
|
| Condensed Consolidating Statements of Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities |
$ |
392,680 |
|
|
$ |
287,209 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
679,889 |
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by investing activities |
(2,031,615 |
) |
|
(1,674,690 |
) |
|
(2,280 |
) |
|
1,419,417 |
|
|
(2,289,168 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
432,961 |
|
|
1,417,137 |
|
|
2,280 |
|
|
(1,419,417 |
) |
|
432,961 |
|
|
|
|
|
|
|
|
|
|
|
Net (decrease) increase in cash and cash equivalents |
(1,205,974 |
) |
|
29,656 |
|
|
— |
|
|
— |
|
|
(1,176,318 |
) |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
1,273,882 |
|
|
1,993 |
|
|
— |
|
|
— |
|
|
1,275,875 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
67,908 |
|
|
$ |
31,649 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
99,557 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
$ |
336,330 |
|
|
$ |
(9,486 |
) |
|
$ |
(2 |
) |
|
$ |
11,001 |
|
|
$ |
337,843 |
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by investing activities |
(905,582 |
) |
|
(22,500 |
) |
|
(15,472 |
) |
|
37,972 |
|
|
(905,582 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
1,730,640 |
|
|
33,500 |
|
|
15,473 |
|
|
(48,973 |
) |
|
1,730,640 |
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents |
1,161,388 |
|
|
1,514 |
|
|
(1 |
) |
|
— |
|
|
1,162,901 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
112,494 |
|
|
479 |
|
|
1 |
|
|
— |
|
|
112,974 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
1,273,882 |
|
|
$ |
1,993 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,275,875 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
$ |
344,018 |
|
|
$ |
(21,839 |
) |
|
$ |
(2 |
) |
|
$ |
2 |
|
|
$ |
322,179 |
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by investing activities |
(1,595,767 |
) |
|
21,514 |
|
|
(14,472 |
) |
|
14,472 |
|
|
(1,574,253 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
1,222,708 |
|
|
— |
|
|
14,474 |
|
|
(14,474 |
) |
|
1,222,708 |
|
|
|
|
|
|
|
|
|
|
|
Net decrease in cash and cash equivalents |
(29,041 |
) |
|
(325 |
) |
|
— |
|
|
— |
|
|
(29,366 |
) |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
141,535 |
|
|
804 |
|
|
1 |
|
|
— |
|
|
142,340 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
112,494 |
|
|
$ |
479 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
112,974 |
|
|