|
Condensed Consolidating Financial Information (Tables)
|
9 Months Ended |
|
Sep. 30, 2014
|
| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
|
| Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2014 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
152,479 |
|
|
$ |
404 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
152,883 |
|
Accounts receivable - oil and gas |
124,771 |
|
|
14,820 |
|
|
— |
|
|
— |
|
|
139,591 |
|
Accounts receivable - related parties |
153 |
|
|
— |
|
|
— |
|
|
— |
|
|
153 |
|
Accounts receivable - intercompany |
36,679 |
|
|
27 |
|
|
— |
|
|
(36,706 |
) |
|
— |
|
Prepaid expenses and other current assets |
3,578 |
|
|
— |
|
|
— |
|
|
— |
|
|
3,578 |
|
Deferred tax asset |
7,819 |
|
|
— |
|
|
— |
|
|
— |
|
|
7,819 |
|
Short-term derivative instruments |
5,753 |
|
|
— |
|
|
— |
|
|
— |
|
|
5,753 |
|
Note receivable - related party |
875 |
|
|
— |
|
|
— |
|
|
— |
|
|
875 |
|
Total current assets |
332,107 |
|
|
15,251 |
|
|
— |
|
|
(36,706 |
) |
|
310,652 |
|
Property and equipment: |
|
|
|
|
|
|
|
|
|
Oil and natural gas properties, full-cost accounting |
3,572,134 |
|
|
14,479 |
|
|
— |
|
|
(597 |
) |
|
3,586,016 |
|
Other property and equipment |
16,850 |
|
|
30 |
|
|
— |
|
|
— |
|
|
16,880 |
|
Accumulated depletion, depreciation, amortization and impairment |
(969,938 |
) |
|
(24 |
) |
|
— |
|
|
— |
|
|
(969,962 |
) |
Property and equipment, net |
2,619,046 |
|
|
14,485 |
|
|
— |
|
|
(597 |
) |
|
2,632,934 |
|
Other assets: |
|
|
|
|
|
|
|
|
|
Equity investments and investments in subsidiaries |
363,851 |
|
|
— |
|
|
189,182 |
|
|
(179,818 |
) |
|
373,215 |
|
Derivative instruments |
1,156 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,156 |
|
Other assets |
23,430 |
|
|
— |
|
|
— |
|
|
— |
|
|
23,430 |
|
Total other assets |
388,437 |
|
|
— |
|
|
189,182 |
|
|
(179,818 |
) |
|
397,801 |
|
Total assets |
$ |
3,339,590 |
|
|
$ |
29,736 |
|
|
$ |
189,182 |
|
|
$ |
(217,121 |
) |
|
$ |
3,341,387 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities |
$ |
356,285 |
|
|
$ |
1,797 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
358,082 |
|
Accounts payable - intercompany |
— |
|
|
36,600 |
|
|
106 |
|
|
(36,706 |
) |
|
— |
|
Asset retirement obligation - current |
75 |
|
|
— |
|
|
— |
|
|
— |
|
|
75 |
|
Short-term derivative instruments |
3,891 |
|
|
— |
|
|
— |
|
|
— |
|
|
3,891 |
|
Current maturities of long-term debt |
166 |
|
|
— |
|
|
— |
|
|
— |
|
|
166 |
|
Total current liabilities |
360,417 |
|
|
38,397 |
|
|
106 |
|
|
(36,706 |
) |
|
362,214 |
|
Long-term derivative instrument |
2,771 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,771 |
|
Asset retirement obligation - long-term |
16,318 |
|
|
— |
|
|
— |
|
|
— |
|
|
16,318 |
|
Deferred tax liability |
153,733 |
|
|
— |
|
|
— |
|
|
— |
|
|
153,733 |
|
Long-term debt, net of current maturities |
616,881 |
|
|
— |
|
|
— |
|
|
— |
|
|
616,881 |
|
Total liabilities |
1,150,120 |
|
|
38,397 |
|
|
106 |
|
|
(36,706 |
) |
|
1,151,917 |
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
Common stock |
854 |
|
|
— |
|
|
— |
|
|
— |
|
|
854 |
|
Paid-in capital |
1,824,955 |
|
|
322 |
|
|
224,849 |
|
|
(225,171 |
) |
|
1,824,955 |
|
Accumulated other comprehensive income (loss) |
(19,779 |
) |
|
— |
|
|
(19,779 |
) |
|
19,779 |
|
|
(19,779 |
) |
Retained earnings (accumulated deficit) |
383,440 |
|
|
(8,983 |
) |
|
(15,994 |
) |
|
24,977 |
|
|
383,440 |
|
Total stockholders' equity |
2,189,470 |
|
|
(8,661 |
) |
|
189,076 |
|
|
(180,415 |
) |
|
2,189,470 |
|
Total liabilities and stockholders' equity |
$ |
3,339,590 |
|
|
$ |
29,736 |
|
|
$ |
189,182 |
|
|
$ |
(217,121 |
) |
|
$ |
3,341,387 |
|
CONDENSED CONSOLIDATING BALANCE SHEETS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
451,431 |
|
|
$ |
7,525 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
458,956 |
|
Accounts receivable - oil and gas |
58,662 |
|
|
162 |
|
|
— |
|
|
— |
|
|
58,824 |
|
Accounts receivable - related parties |
2,617 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,617 |
|
Accounts receivable - intercompany |
21,379 |
|
|
27 |
|
|
— |
|
|
(21,406 |
) |
|
— |
|
Prepaid expenses and other current assets |
2,581 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,581 |
|
Deferred tax asset |
6,927 |
|
|
— |
|
|
— |
|
|
— |
|
|
6,927 |
|
Short-term derivative instruments |
324 |
|
|
— |
|
|
— |
|
|
— |
|
|
324 |
|
Note receivable - related party |
875 |
|
|
— |
|
|
— |
|
|
— |
|
|
875 |
|
Total current assets |
544,796 |
|
|
7,714 |
|
|
— |
|
|
(21,406 |
) |
|
531,104 |
|
|
|
|
|
|
|
|
|
|
|
Property and equipment: |
|
|
|
|
|
|
|
|
|
Oil and natural gas properties, full-cost accounting, |
2,470,411 |
|
|
7,340 |
|
|
— |
|
|
(573 |
) |
|
2,477,178 |
|
Other property and equipment |
11,102 |
|
|
29 |
|
|
— |
|
|
— |
|
|
11,131 |
|
Accumulated depletion, depreciation, amortization and impairment |
(784,695 |
) |
|
(22 |
) |
|
— |
|
|
— |
|
|
(784,717 |
) |
Property and equipment, net |
1,696,818 |
|
|
7,347 |
|
|
— |
|
|
(573 |
) |
|
1,703,592 |
|
Other assets: |
|
|
|
|
|
|
|
|
|
Equity investments and investments in subsidiaries |
432,727 |
|
|
— |
|
|
191,473 |
|
|
(184,132 |
) |
|
440,068 |
|
Derivative instruments |
521 |
|
|
— |
|
|
— |
|
|
— |
|
|
521 |
|
Other assets |
17,851 |
|
|
— |
|
|
— |
|
|
— |
|
|
17,851 |
|
Total other assets |
451,099 |
|
|
— |
|
|
191,473 |
|
|
(184,132 |
) |
|
458,440 |
|
Total assets |
$ |
2,692,713 |
|
|
$ |
15,061 |
|
|
$ |
191,473 |
|
|
$ |
(206,111 |
) |
|
$ |
2,693,136 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities |
$ |
190,284 |
|
|
$ |
423 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
190,707 |
|
Accounts payable - intercompany |
— |
|
|
21,296 |
|
|
110 |
|
|
(21,406 |
) |
|
— |
|
Asset retirement obligation - current |
795 |
|
|
— |
|
|
— |
|
|
— |
|
|
795 |
|
Short-term derivative instruments |
12,280 |
|
|
— |
|
|
— |
|
|
— |
|
|
12,280 |
|
Current maturities of long-term debt |
159 |
|
|
— |
|
|
— |
|
|
— |
|
|
159 |
|
Total current liabilities |
203,518 |
|
|
21,719 |
|
|
110 |
|
|
(21,406 |
) |
|
203,941 |
|
|
|
|
|
|
|
|
|
|
|
Long-term derivative instrument |
11,366 |
|
|
— |
|
|
— |
|
|
— |
|
|
11,366 |
|
Asset retirement obligation - long-term |
14,288 |
|
|
— |
|
|
— |
|
|
— |
|
|
14,288 |
|
Deferred tax liability |
114,275 |
|
|
— |
|
|
— |
|
|
— |
|
|
114,275 |
|
Long-term debt, net of current maturities |
299,028 |
|
|
— |
|
|
— |
|
|
— |
|
|
299,028 |
|
Total liabilities |
642,475 |
|
|
21,719 |
|
|
110 |
|
|
(21,406 |
) |
|
642,898 |
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
Common stock |
851 |
|
|
— |
|
|
— |
|
|
— |
|
|
851 |
|
Paid-in capital |
1,813,058 |
|
|
322 |
|
|
208,277 |
|
|
(208,599 |
) |
|
1,813,058 |
|
Accumulated other comprehensive income (loss) |
(9,781 |
) |
|
— |
|
|
(9,781 |
) |
|
9,781 |
|
|
(9,781 |
) |
Retained earnings (accumulated deficit) |
246,110 |
|
|
(6,980 |
) |
|
(7,133 |
) |
|
14,113 |
|
|
246,110 |
|
Total stockholders' equity |
2,050,238 |
|
|
(6,658 |
) |
|
191,363 |
|
|
(184,705 |
) |
|
2,050,238 |
|
Total liabilities and stockholders' equity |
$ |
2,692,713 |
|
|
$ |
15,061 |
|
|
$ |
191,473 |
|
|
$ |
(206,111 |
) |
|
$ |
2,693,136 |
|
|
| Condensed Consolidating Statements of Operations |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2014 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
170,284 |
|
|
$ |
520 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
170,804 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
11,628 |
|
|
255 |
|
|
— |
|
|
— |
|
|
11,883 |
|
Production taxes |
5,154 |
|
|
59 |
|
|
— |
|
|
— |
|
|
5,213 |
|
Midstream processing and marketing |
18,694 |
|
|
20 |
|
|
— |
|
|
— |
|
|
18,714 |
|
Depreciation, depletion, and amortization |
72,408 |
|
|
1 |
|
|
— |
|
|
— |
|
|
72,409 |
|
General and administrative |
8,909 |
|
|
29 |
|
|
1 |
|
|
— |
|
|
8,939 |
|
Accretion expense |
192 |
|
|
— |
|
|
— |
|
|
— |
|
|
192 |
|
|
116,985 |
|
|
364 |
|
|
1 |
|
|
— |
|
|
117,350 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) FROM OPERATIONS |
53,299 |
|
|
156 |
|
|
(1 |
) |
|
— |
|
|
53,454 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
5,706 |
|
|
— |
|
|
— |
|
|
— |
|
|
5,706 |
|
Interest income |
(25 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(25 |
) |
Litigation settlement |
1,500 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,500 |
|
Loss (income) from equity method investments and investments in subsidiaries |
34,322 |
|
|
— |
|
|
4,633 |
|
|
(4,478 |
) |
|
34,477 |
|
|
41,503 |
|
|
— |
|
|
4,633 |
|
|
(4,478 |
) |
|
41,658 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
11,796 |
|
|
156 |
|
|
(4,634 |
) |
|
4,478 |
|
|
11,796 |
|
INCOME TAX EXPENSE |
4,876 |
|
|
— |
|
|
— |
|
|
— |
|
|
4,876 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
6,920 |
|
|
$ |
156 |
|
|
$ |
(4,634 |
) |
|
$ |
4,478 |
|
|
$ |
6,920 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
68,855 |
|
|
$ |
397 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
69,252 |
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
|
Lease operating expenses |
7,137 |
|
|
160 |
|
|
— |
|
|
— |
|
|
7,297 |
|
Production taxes |
7,050 |
|
|
21 |
|
|
— |
|
|
— |
|
|
7,071 |
|
Midstream processing and marketing |
3,616 |
|
|
6 |
|
|
— |
|
|
— |
|
|
3,622 |
|
Depreciation, depletion, and amortization |
30,691 |
|
|
— |
|
|
— |
|
|
— |
|
|
30,691 |
|
General and administrative |
5,229 |
|
|
31 |
|
|
(1 |
) |
|
— |
|
|
5,259 |
|
Accretion expense |
180 |
|
|
— |
|
|
— |
|
|
— |
|
|
180 |
|
Loss on sale of assets |
(5 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(5 |
) |
|
53,898 |
|
|
218 |
|
|
(1 |
) |
|
— |
|
|
54,115 |
|
|
|
|
|
|
|
|
|
|
|
INCOME FROM OPERATIONS |
14,957 |
|
|
179 |
|
|
1 |
|
|
— |
|
|
15,137 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
2,602 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,602 |
|
Interest income |
(70 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(70 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
(51,502 |
) |
|
— |
|
|
863 |
|
|
(683 |
) |
|
(51,322 |
) |
|
(48,970 |
) |
|
— |
|
|
863 |
|
|
(683 |
) |
|
(48,790 |
) |
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
63,927 |
|
|
179 |
|
|
(862 |
) |
|
683 |
|
|
63,927 |
|
INCOME TAX EXPENSE |
23,400 |
|
|
— |
|
|
— |
|
|
— |
|
|
23,400 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
40,527 |
|
|
$ |
179 |
|
|
$ |
(862 |
) |
|
$ |
683 |
|
|
$ |
40,527 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2014 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
402,148 |
|
|
$ |
1,421 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
403,569 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
35,466 |
|
|
726 |
|
|
— |
|
|
— |
|
|
36,192 |
|
Production taxes |
18,620 |
|
|
151 |
|
|
— |
|
|
— |
|
|
18,771 |
|
Midstream processing and marketing |
37,209 |
|
|
54 |
|
|
— |
|
|
— |
|
|
37,263 |
|
Depreciation, depletion, and amortization |
185,278 |
|
|
2 |
|
|
— |
|
|
— |
|
|
185,280 |
|
General and administrative |
28,743 |
|
|
91 |
|
|
(2 |
) |
|
— |
|
|
28,832 |
|
Accretion expense |
569 |
|
|
— |
|
|
— |
|
|
— |
|
|
569 |
|
Gain on sale of assets |
(11 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(11 |
) |
|
305,874 |
|
|
1,024 |
|
|
(2 |
) |
|
— |
|
|
306,896 |
|
|
|
|
|
|
|
|
|
|
|
INCOME FROM OPERATIONS |
96,274 |
|
|
397 |
|
|
2 |
|
|
— |
|
|
96,673 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
11,993 |
|
|
— |
|
|
— |
|
|
— |
|
|
11,993 |
|
Interest income |
(167 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(167 |
) |
Litigation settlement |
25,500 |
|
|
— |
|
|
— |
|
|
— |
|
|
25,500 |
|
(Income) loss from equity method investments and investments in subsidiaries |
(163,966 |
) |
|
— |
|
|
8,862 |
|
|
(8,463 |
) |
|
(163,567 |
) |
|
(126,640 |
) |
|
— |
|
|
8,862 |
|
|
(8,463 |
) |
|
(126,241 |
) |
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
222,914 |
|
|
397 |
|
|
(8,860 |
) |
|
8,463 |
|
|
222,914 |
|
INCOME TAX EXPENSE |
85,584 |
|
|
— |
|
|
— |
|
|
— |
|
|
85,584 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
137,330 |
|
|
$ |
397 |
|
|
$ |
(8,860 |
) |
|
$ |
8,463 |
|
|
$ |
137,330 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
193,550 |
|
|
$ |
1,136 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
194,686 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
17,849 |
|
|
498 |
|
|
— |
|
|
— |
|
|
18,347 |
|
Production taxes |
20,317 |
|
|
64 |
|
|
— |
|
|
— |
|
|
20,381 |
|
Midstream processing and marketing |
5,926 |
|
|
14 |
|
|
— |
|
|
— |
|
|
5,940 |
|
Depreciation, depletion, and amortization |
81,813 |
|
|
1 |
|
|
— |
|
|
— |
|
|
81,814 |
|
General and administrative |
14,466 |
|
|
103 |
|
|
2 |
|
|
— |
|
|
14,571 |
|
Accretion expense |
529 |
|
|
— |
|
|
— |
|
|
— |
|
|
529 |
|
Loss on sale of assets |
567 |
|
|
— |
|
|
— |
|
|
— |
|
|
567 |
|
|
141,467 |
|
|
680 |
|
|
2 |
|
|
— |
|
|
142,149 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) FROM OPERATIONS |
52,083 |
|
|
456 |
|
|
(2 |
) |
|
— |
|
|
52,537 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
9,365 |
|
|
— |
|
|
— |
|
|
— |
|
|
9,365 |
|
Interest income |
(211 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(211 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
(163,094 |
) |
|
— |
|
|
2,125 |
|
|
(1,671 |
) |
|
(162,640 |
) |
|
(153,940 |
) |
|
— |
|
|
2,125 |
|
|
(1,671 |
) |
|
(153,486 |
) |
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
206,023 |
|
|
456 |
|
|
(2,127 |
) |
|
1,671 |
|
|
206,023 |
|
INCOME TAX EXPENSE |
77,109 |
|
|
— |
|
|
— |
|
|
— |
|
|
77,109 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
128,914 |
|
|
$ |
456 |
|
|
$ |
(2,127 |
) |
|
$ |
1,671 |
|
|
$ |
128,914 |
|
|
| Condensed Consolidating Statements of Comprehensive Income (Loss) |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2014 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
6,920 |
|
|
$ |
156 |
|
|
$ |
(4,634 |
) |
|
$ |
4,478 |
|
|
$ |
6,920 |
|
Foreign currency translation adjustment |
(9,536 |
) |
|
— |
|
|
(9,536 |
) |
|
9,536 |
|
|
(9,536 |
) |
Other comprehensive income (loss) |
(9,536 |
) |
|
— |
|
|
(9,536 |
) |
|
9,536 |
|
|
(9,536 |
) |
Comprehensive income (loss) |
$ |
(2,616 |
) |
|
$ |
156 |
|
|
$ |
(14,170 |
) |
|
$ |
14,014 |
|
|
$ |
(2,616 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
Net income (loss) |
$ |
40,527 |
|
|
$ |
179 |
|
|
$ |
(862 |
) |
|
$ |
683 |
|
|
$ |
40,527 |
|
Foreign currency translation adjustment |
3,894 |
|
|
— |
|
|
3,894 |
|
|
(3,894 |
) |
|
3,894 |
|
Change in fair value of derivative instruments, net of taxes |
630 |
|
|
— |
|
|
— |
|
|
— |
|
|
630 |
|
Reclassification of settled contracts, net of taxes |
1,617 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,617 |
|
Other comprehensive income (loss) |
6,141 |
|
|
— |
|
|
3,894 |
|
|
(3,894 |
) |
|
6,141 |
|
Comprehensive income (loss) |
$ |
46,668 |
|
|
$ |
179 |
|
|
$ |
3,032 |
|
|
$ |
(3,211 |
) |
|
$ |
46,668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2014 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
137,330 |
|
|
$ |
397 |
|
|
$ |
(8,860 |
) |
|
$ |
8,463 |
|
|
$ |
137,330 |
|
Foreign currency translation adjustment |
(9,998 |
) |
|
— |
|
|
(9,998 |
) |
|
9,998 |
|
|
(9,998 |
) |
Other comprehensive income (loss) |
(9,998 |
) |
|
— |
|
|
(9,998 |
) |
|
9,998 |
|
|
(9,998 |
) |
Comprehensive income (loss) |
$ |
127,332 |
|
|
$ |
397 |
|
|
$ |
(18,858 |
) |
|
$ |
18,461 |
|
|
$ |
127,332 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
Net income (loss) |
$ |
128,914 |
|
|
$ |
456 |
|
|
$ |
(2,127 |
) |
|
$ |
1,671 |
|
|
$ |
128,914 |
|
Foreign currency translation adjustment |
(5,786 |
) |
|
— |
|
|
(5,786 |
) |
|
5,786 |
|
|
(5,786 |
) |
Change in fair value of derivative instruments, net of taxes |
(444 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(444 |
) |
Reclassification of settled contracts, net of taxes |
4,818 |
|
|
— |
|
|
— |
|
|
— |
|
|
4,818 |
|
Other comprehensive income (loss) |
(1,412 |
) |
|
— |
|
|
(5,786 |
) |
|
5,786 |
|
|
(1,412 |
) |
Comprehensive income (loss) |
$ |
127,502 |
|
|
$ |
456 |
|
|
$ |
(7,913 |
) |
|
$ |
7,457 |
|
|
$ |
127,502 |
|
|
| Condensed Consolidating Statements of Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2014 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
$ |
286,500 |
|
|
$ |
(598 |
) |
|
$ |
(3 |
) |
|
$ |
— |
|
|
$ |
285,899 |
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
(897,527 |
) |
|
(6,523 |
) |
|
(16,569 |
) |
|
16,572 |
|
|
(904,047 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
312,075 |
|
|
— |
|
|
16,572 |
|
|
(16,572 |
) |
|
312,075 |
|
|
|
|
|
|
|
|
|
|
|
Net decrease in cash and cash equivalents |
(298,952 |
) |
|
(7,121 |
) |
|
— |
|
|
— |
|
|
(306,073 |
) |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
451,431 |
|
|
7,525 |
|
|
— |
|
|
— |
|
|
458,956 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
152,479 |
|
|
$ |
404 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
152,883 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
$ |
139,818 |
|
|
$ |
1,213 |
|
|
$ |
(1 |
) |
|
$ |
— |
|
|
$ |
141,030 |
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
(569,291 |
) |
|
(1,539 |
) |
|
(25,087 |
) |
|
25,089 |
|
|
(570,828 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
358,176 |
|
|
— |
|
|
25,089 |
|
|
(25,089 |
) |
|
358,176 |
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents |
(71,297 |
) |
|
(326 |
) |
|
1 |
|
|
— |
|
|
(71,622 |
) |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
165,293 |
|
|
1,795 |
|
|
— |
|
|
— |
|
|
167,088 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
93,996 |
|
|
$ |
1,469 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
95,466 |
|
|