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Condensed Consolidating Financial Information (Tables)
9 Months Ended
Sep. 30, 2015
Condensed Consolidating Financial Information [Abstract]  
Condensed Consolidating Financial Statements
The following is condensed consolidating financial information for Genesis Energy, L.P., the guarantor subsidiaries and the non-guarantor subsidiaries.


Unaudited Condensed Consolidating Balance Sheet
September 30, 2015

 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
6

 
$

 
$
13,044

 
$
2,518

 
$

 
$
15,568

Other current assets
75

 

 
317,334

 
12,428

 
(9
)
 
329,828

Total current assets
81

 

 
330,378

 
14,946

 
(9
)
 
345,396

Fixed assets, at cost

 

 
4,086,318

 
77,591

 

 
4,163,909

Less: Accumulated depreciation

 

 
(318,312
)
 
(18,775
)
 

 
(337,087
)
Net fixed assets

 

 
3,768,006

 
58,816

 

 
3,826,822

Goodwill

 

 
325,046

 

 

 
325,046

Other assets, net
47,919

 

 
418,936

 
142,038

 
(150,102
)
 
458,791

Advances to affiliates
2,543,341

 

 

 
38,941

 
(2,582,282
)
 

Equity investees

 

 
493,190

 

 

 
493,190

Investments in subsidiaries
2,362,919

 

 
95,587

 

 
(2,458,506
)
 

Total assets
$
4,954,260

 
$

 
$
5,431,143

 
$
254,741

 
$
(5,190,899
)
 
$
5,449,245

LIABILITIES AND PARTNERS’ CAPITAL
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
$
28,197

 
$

 
$
318,185

 
$
7,749

 
$
(28,025
)
 
$
326,106

Senior secured credit facility
1,014,100

 

 

 

 

 
1,014,100

Senior unsecured notes
1,839,933

 

 

 

 

 
1,839,933

Deferred tax liabilities

 

 
20,997

 

 

 
20,997

Advances from affiliates

 

 
2,582,282

 

 
(2,582,282
)
 

Other liabilities

 

 
152,191

 
152,802

 
(122,078
)
 
182,915

Total liabilities
2,882,230

 

 
3,073,655

 
160,551

 
(2,732,385
)
 
3,384,051

Partners’ capital, common units
2,072,030

 

 
2,357,488

 
101,026

 
(2,458,514
)
 
2,072,030

Noncontrolling interests

 

 

 
(6,836
)
 

 
(6,836
)
Total liabilities and partners’ capital
$
4,954,260

 
$

 
$
5,431,143

 
$
254,741

 
$
(5,190,899
)
 
$
5,449,245


Unaudited Condensed Consolidating Balance Sheet
December 31, 2014
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
9

 
$

 
$
8,310

 
$
1,143

 
$

 
$
9,462

Other current assets
53

 

 
333,385

 
12,474

 
(8
)
 
345,904

Total current assets
62

 

 
341,695

 
13,617

 
(8
)
 
355,366

Fixed assets, at cost

 

 
1,823,556

 
75,502

 

 
1,899,058

Less: Accumulated depreciation

 

 
(251,171
)
 
(16,886
)
 

 
(268,057
)
Net fixed assets

 

 
1,572,385

 
58,616

 

 
1,631,001

Goodwill

 

 
325,046

 

 

 
325,046

Other assets, net
28,421

 

 
269,252

 
146,700

 
(154,192
)
 
290,181

Advances to affiliates
1,378,520

 

 

 

 
(1,378,520
)
 

Equity investees

 

 
628,780

 

 

 
628,780

Investments in subsidiaries
1,434,255

 

 
97,195

 

 
(1,531,450
)
 

Total assets
$
2,841,258

 
$

 
$
3,234,353

 
$
218,933

 
$
(3,064,170
)
 
$
3,230,374

LIABILITIES AND PARTNERS’ CAPITAL
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
$
11,016

 
$

 
$
395,159

 
$
499

 
$
(43,529
)
 
$
363,145

Senior secured credit facility
550,400

 

 

 

 

 
550,400

Senior unsecured notes
1,050,639

 

 

 

 

 
1,050,639

Deferred tax liabilities

 

 
18,754

 

 

 
18,754

Advances from affiliates

 

 
1,366,697

 
11,823

 
(1,378,520
)
 

Other liabilities

 

 
18,233

 
110,663

 
(110,663
)
 
18,233

Total liabilities
1,612,055

 

 
1,798,843

 
122,985

 
(1,532,712
)
 
2,001,171

Partners’ capital
1,229,203

 

 
1,435,510

 
95,948

 
(1,531,458
)
 
1,229,203

Total liabilities and partners’ capital
$
2,841,258

 
$

 
$
3,234,353

 
$
218,933

 
$
(3,064,170
)
 
$
3,230,374


























Unaudited Condensed Consolidating Statement of Operations
Three Months Ended September 30, 2015
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
REVENUES:
 
 
 
 
 
 
 
 
 
 
 
Onshore pipeline transportation services
$

 
$

 
$
14,130

 
$
5,779

 
$

 
$
19,909

Offshore pipeline transportation services

 

 
59,695

 
1,693

 

 
61,388

Refinery services

 

 
42,464

 
2,608

 
(1,740
)
 
43,332

Marine transportation

 

 
60,536

 

 

 
60,536

Supply and logistics

 

 
387,169

 

 

 
387,169

Total revenues

 

 
563,994

 
10,080

 
(1,740
)
 
572,334

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Supply and logistics costs

 

 
378,916

 

 

 
378,916

Marine transportation costs

 

 
33,869

 

 

 
33,869

Refinery services operating costs

 

 
21,758

 
2,376

 
(1,771
)
 
22,363

Onshore pipeline transportation operating costs

 

 
6,533

 
188

 

 
6,721

Offshore pipeline transportation operating costs

 

 
17,188

 
510

 

 
17,698

General and administrative

 

 
26,799

 

 

 
26,799

Depreciation and amortization

 

 
40,320

 
850

 

 
41,170

Total costs and expenses

 

 
525,383

 
3,924

 
(1,771
)
 
527,536

OPERATING INCOME

 

 
38,611

 
6,156

 
31

 
44,798

Equity in earnings of subsidiaries
392,769

 

 
2,284

 

 
(395,053
)
 

Equity in earnings of equity investees

 

 
14,260

 

 

 
14,260

Interest (expense) income, net
(29,576
)
 

 
3,728

 
(3,769
)
 

 
(29,617
)
Gain on basis step up on historical interest

 

 
335,260

 

 

 
335,260

Other income/(expense), net
21

 

 
(21
)
 

 

 

Income before income taxes
363,214

 

 
394,122

 
2,387

 
(395,022
)
 
364,701

Income tax benefit (expense)

 

 
(1,341
)
 
49

 

 
(1,292
)
NET INCOME
363,214

 

 
392,781

 
2,436

 
(395,022
)
 
363,409

Net loss attributable to noncontrolling interest

 

 

 
(195
)
 

 
(195
)
NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.
$
363,214

 
$

 
$
392,781

 
$
2,241

 
$
(395,022
)
 
$
363,214


Unaudited Condensed Consolidating Statement of Operations
Three Months Ended September 30, 2014
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
REVENUES:
 
 
 
 
 
 
 
 
 
 
 
Onshore pipeline transportation services
$

 
$

 
$
14,451

 
$
5,898

 
$

 
$
20,349

Offshore pipeline transportation services

 

 
974

 

 

 
974

Refinery services

 

 
52,047

 
2,192

 
(3,031
)
 
51,208

Marine transportation

 

 
57,000

 

 

 
57,000

Supply and logistics

 

 
834,583

 

 

 
834,583

Total revenues

 

 
959,055

 
8,090

 
(3,031
)
 
964,114

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Supply and logistics costs

 

 
818,845

 

 

 
818,845

Marine transportation costs

 

 
34,864

 

 

 
34,864

Refinery services operating costs

 

 
29,331

 
2,167

 
(2,467
)
 
29,031

Onshore pipeline transportation operating costs

 

 
6,917

 

 

 
6,917

Offshore pipeline transportation operating costs

 

 
76

 
200

 

 
276

General and administrative

 

 
13,765

 

 

 
13,765

Depreciation and amortization

 

 
24,508

 
640

 

 
25,148

Total costs and expenses

 

 
928,306

 
3,007

 
(2,467
)
 
928,846

OPERATING INCOME

 

 
30,749

 
5,083

 
(564
)
 
35,268

Equity in earnings of subsidiaries
49,550

 

 
1,479

 

 
(51,029
)
 

Equity in earnings of equity investees

 

 
15,017

 

 

 
15,017

Interest (expense) income, net
(20,437
)
 

 
3,900

 
(3,904
)
 

 
(20,441
)
Income before income taxes
29,113

 

 
51,145

 
1,179

 
(51,593
)
 
29,844

Income tax expense

 

 
(985
)
 
254

 

 
(731
)
NET INCOME
$
29,113

 
$

 
$
50,160

 
$
1,433

 
$
(51,593
)
 
$
29,113


Unaudited Condensed Consolidating Statement of Operations
Nine Months Ended September 30, 2015
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
REVENUES:
 
 
 
 
 
 
 
 
 
 
 
Onshore pipeline transportation services
$

 
$

 
$
39,874

 
$
18,036

 
$

 
$
57,910

Offshore pipeline transportation services

 

 
61,743

 
1,693

 

 
63,436

Refinery services

 

 
133,055

 
10,579

 
(7,854
)
 
135,780

Marine transportation

 

 
180,501

 

 

 
180,501

Supply and logistics

 

 
1,317,891

 

 

 
1,317,891

Total revenues

 

 
1,733,064

 
30,308

 
(7,854
)
 
1,755,518

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Supply and logistics costs

 

 
1,290,980

 

 

 
1,290,980

Marine transportation costs

 

 
100,749

 

 

 
100,749

Refinery services operating costs

 

 
73,058

 
10,021

 
(7,854
)
 
75,225

Onshore pipeline transportation operating costs

 

 
19,345

 
529

 

 
19,874

Offshore pipeline transportation operating costs

 

 
17,831

 
510

 

 
18,341

General and administrative

 

 
54,852

 

 

 
54,852

Depreciation and amortization

 

 
94,365

 
2,135

 

 
96,500

Total costs and expenses

 

 
1,651,180

 
13,195

 
(7,854
)
 
1,656,521

OPERATING INCOME

 

 
81,884

 
17,113

 

 
98,997

Equity in earnings of subsidiaries
480,953

 

 
5,770

 

 
(486,723
)
 

Equity in earnings of equity investees

 

 
48,440

 

 

 
48,440

Interest (expense) income, net
(66,655
)
 

 
11,329

 
(11,411
)
 

 
(66,737
)
Gain on basis step up on historical interest

 

 
335,260

 

 

 
335,260

Other income/(expense), net
(19,204
)
 

 
1,675

 

 

 
(17,529
)
Income before income taxes
395,094

 

 
484,358

 
5,702

 
(486,723
)
 
398,431

Income tax expense

 

 
(3,275
)
 
133

 

 
(3,142
)
NET INCOME
395,094

 

 
481,083

 
5,835

 
(486,723
)
 
395,289

Net loss attributable to noncontrolling interest

 

 

 
(195
)
 

 
(195
)
NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.
$
395,094

 
$

 
$
481,083

 
$
5,640

 
$
(486,723
)
 
$
395,094


Unaudited Condensed Consolidating Statement of Operations
Nine Months Ended September 30, 2014
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
REVENUES:
 
 
 
 
 
 
 
 
 
 
 
Onshore pipeline transportation services
$

 
$

 
$
44,459

 
$
18,533

 
$

 
$
62,992

Offshore pipeline transportation services

 

 
2,443

 

 

 
2,443

Refinery services

 

 
155,470

 
12,838

 
(10,106
)
 
158,202

Marine transportation

 

 
169,241

 

 

 
169,241

Supply and logistics

 

 
2,606,004

 

 

 
2,606,004

Total revenues

 

 
2,977,617

 
31,371

 
(10,106
)
 
2,998,882

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Supply and logistics costs

 

 
2,567,594

 

 

 
2,567,594

Marine transportation costs

 

 
107,543

 

 

 
107,543

Refinery services operating costs

 

 
91,322

 
12,225

 
(10,173
)
 
93,374

Onshore pipeline transportation operating costs

 

 
21,461

 
652

 

 
22,113

Offshore pipeline transportation operating costs

 

 
941

 

 

 
941

General and administrative

 

 
40,471

 

 

 
40,471

Depreciation and amortization

 

 
63,019

 
1,900

 

 
64,919

Total costs and expenses

 

 
2,892,351

 
14,777

 
(10,173
)
 
2,896,955

OPERATING INCOME

 

 
85,266

 
16,594

 
67

 
101,927

Equity in earnings of subsidiaries
127,343

 

 
5,051

 

 
(132,394
)
 

Equity in earnings of equity investees

 

 
27,757

 

 

 
27,757

Interest (expense) income, net
(47,307
)
 

 
11,798

 
(11,805
)
 

 
(47,314
)
Income before income taxes
80,036

 

 
129,872

 
4,789

 
(132,327
)
 
82,370

Income tax benefit (expense)

 

 
(2,462
)
 
128

 

 
(2,334
)
NET INCOME
$
80,036

 
$

 
$
127,410

 
$
4,917

 
$
(132,327
)
 
$
80,036




Unaudited Condensed Consolidating Statement of Cash Flows
Nine Months Ended September 30, 2015
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
Net cash (used in) provided by operating activities
$
(53,478
)
 
$

 
$
201,305

 
$
51,028

 
$
(6,727
)
 
$
192,128

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Payments to acquire fixed and intangible assets

 

 
(359,504
)
 

 

 
(359,504
)
Cash distributions received from equity investees - return of investment
179,267

 

 
19,360

 

 
(179,267
)
 
19,360

Investments in equity investees
(633,761
)
 

 
(2,900
)
 

 
633,761

 
(2,900
)
Acquisitions

 

 
(1,517,428
)
 

 

 
(1,517,428
)
Intercompany transfers
(1,164,821
)
 

 

 

 
1,164,821

 

Repayments on loan to non-guarantor subsidiary

 

 
(1,077
)
 

 
1,077

 

Proceeds from asset sales

 

 
2,571

 

 

 
2,571

Other, net

 

 
(2,137
)
 

 

 
(2,137
)
Net cash provided by (used) in investing activities
(1,619,315
)
 

 
(1,861,115
)
 

 
1,620,392

 
(1,860,038
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Borrowings on senior secured credit facility
1,168,850

 

 

 

 

 
1,168,850

Repayments on senior secured credit facility
(705,150
)
 

 

 

 

 
(705,150
)
Proceeds from issuance of senior unsecured notes
1,139,718

 

 

 

 

 
1,139,718

Repayment of senior unsecured notes
(350,000
)
 

 

 

 

 
(350,000
)
Debt issuance costs
(28,361
)
 

 

 

 

 
(28,361
)
Intercompany transfers

 

 
1,215,585

 
(50,764
)
 
(1,164,821
)
 

Issuance of common units for cash, net
633,759

 

 
633,759

 

 
(633,759
)
 
633,759

Distributions to partners/owners
(186,026
)
 

 
(186,026
)
 

 
186,026

 
(186,026
)
Distributions to noncontrolling interest

 

 
(560
)
 

 

 
(560
)
Other, net

 

 
1,786

 
1,111

 
(1,111
)
 
1,786

Net cash provided by (used in) financing activities
1,672,790

 

 
1,664,544

 
(49,653
)
 
(1,613,665
)
 
1,674,016

Net (decrease) increase in cash and cash equivalents
(3
)
 

 
4,734

 
1,375

 

 
6,106

Cash and cash equivalents at beginning of period
9

 

 
8,310

 
1,143

 

 
9,462

Cash and cash equivalents at end of period
$
6

 
$

 
$
13,044

 
$
2,518

 
$

 
$
15,568

 Unaudited Condensed Consolidating Statement of Cash Flows
Nine Months Ended September 30, 2014
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
Net cash (used in) provided by operating activities
$
73,525

 
$

 
$
216,907

 
$
25,769

 
$
(108,082
)
 
$
208,119

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Payments to acquire fixed and intangible assets

 

 
(336,061
)
 

 

 
(336,061
)
Cash distributions received from equity investees - return of investment
38,236

 

 
11,352

 

 
(38,236
)
 
11,352

Investments in equity investees
(225,610
)
 

 
(40,426
)
 

 
225,610

 
(40,426
)
Intercompany transfers
(55,765
)
 

 

 

 
55,765

 

Repayments on loan to non-guarantor subsidiary

 

 
3,697

 

 
(3,697
)
 

Proceeds from asset sales

 

 
178

 

 

 
178

Other, net

 

 
(4,706
)
 

 

 
(4,706
)
Net cash used in investing activities
(243,139
)
 

 
(365,966
)
 

 
239,442

 
(369,663
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Borrowings on senior secured credit facility
1,420,900

 

 

 

 

 
1,420,900

Repayments on senior secured credit facility
(1,668,700
)
 

 

 

 

 
(1,668,700
)
Proceeds from issuance of senior unsecured notes
350,000

 

 

 

 

 
350,000

Debt issuance costs
(11,857
)
 

 

 

 

 
(11,857
)
Intercompany transfers

 

 
78,031

 
(22,266
)
 
(55,765
)
 

Issuance of common units for cash, net
225,610

 

 
225,610

 

 
(225,610
)
 
225,610

Distributions to partners/owners
(146,350
)
 

 
(146,350
)
 

 
146,350

 
(146,350
)
Other, net

 

 

 
(3,665
)
 
3,665

 

Net cash provided by (used in) financing activities
169,603

 

 
157,291

 
(25,931
)
 
(131,360
)
 
169,603

Net (decrease) increase in cash and cash equivalents
(11
)
 

 
8,232

 
(162
)
 

 
8,059

Cash and cash equivalents at beginning of period
20

 

 
8,050

 
796

 

 
8,866

Cash and cash equivalents at end of period
$
9

 
$

 
$
16,282

 
$
634

 
$

 
$
16,925

Condensed Consolidating Financial Information (Restatements)
Balance Sheet Restatements
 
As Previously Reported
 
Adjustment
 
As Revised
December 31, 2014
 
 
 
 
 
 
Parent Column
 
 
 
 
 
 
Other current assets
 
1,378,573

 
(1,378,520
)
 
53

Total current assets
 
1,378,582

 
(1,378,520
)
 
62

Advances to affiliates
 

 
1,378,520

 
1,378,520

Guarantor Column
 
 
 
 
 
 
Current liabilities
 
1,761,856

 
(1,366,697
)
 
395,159

Advances from affiliates
 

 
1,366,697

 
1,366,697

Non Guarantor Column
 
 
 
 
 
 
Other current assets
 
46,215

 
(33,741
)
 
12,474

Total current assets
 
47,358

 
(33,741
)
 
13,617

Total assets
 
252,674

 
(33,741
)
 
218,933

Current liabilities
 
2,705

 
(2,206
)
 
499

Advances from affiliates
 

 
11,823

 
11,823

Other liabilities
 
154,021

 
(43,358
)
 
110,663

Total liabilities
 
156,726

 
(33,741
)
 
122,985

Total liabilities and partners' capital
 
252,674

 
(33,741
)
 
218,933

Eliminations Column
 
 
 
 
 
 
Other current assets
 
(1,412,269
)
 
1,412,261

 
(8
)
Total current assets
 
(1,412,269
)
 
1,412,261

 
(8
)
Advances to affiliates
 

 
(1,378,520
)
 
(1,378,520
)
Total assets
 
(3,097,911
)
 
33,741

 
(3,064,170
)
Current liabilities
 
(1,412,432
)
 
1,368,903

 
(43,529
)
Advances from affiliates
 

 
(1,378,520
)
 
(1,378,520
)
Other liabilities
 
(154,021
)
 
43,358

 
(110,663
)
Total liabilities
 
(1,566,453
)
 
33,741

 
(1,532,712
)
Total liabilities and partners' capital
 
(3,097,911
)
 
33,741

 
(3,064,170
)

Cash Flow Restatements
 
As Previously Reported
 
Adjustment
 
As Revised
September 30, 2014
 
 
 
 
 
 
Parent Column
 
 
 
 
 
 
Net cash provided by operating activities
 
17,760

 
55,765

 
73,525

Intercompany transfers (investing)
 

 
(55,765
)
 
(55,765
)
Net cash used in investing activities
 
(187,374
)
 
(55,765
)
 
(243,139
)
Guarantor Column
 
 
 
 
 
 
Net cash provided by operating activities
 
294,938

 
(78,031
)
 
216,907

Intercompany transfers (financing)
 

 
78,031

 
78,031

Net cash provided by (used in) financing activities
 
79,260

 
78,031

 
157,291

Non Guarantor Column
 
 
 
 
 
 
Net cash provided by operating activities
 
3,503

 
22,266

 
25,769

Intercompany transfers (financing)
 

 
(22,266
)
 
(22,266
)
Net cash provided by (used in) financing activities
 
(3,665
)
 
(22,266
)
 
(25,931
)
Eliminations Column
 
 
 
 
 
 
Intercompany transfers (investing)
 

 
55,765

 
55,765

Net cash used in investing activities
 
183,677

 
55,765

 
239,442

Intercompany transfers (financing)
 

 
(55,765
)
 
(55,765
)
Net cash provided by (used in) financing activities
 
(75,595
)
 
(55,765
)
 
(131,360
)