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Guarantor Financial Information
6 Months Ended
Jun. 30, 2011
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Guarantor Financial Information
Guarantor Financial Information


The $3,000 million of senior notes issued by Cricket (the “Issuing Subsidiary”) are comprised of $300 million of unsecured senior notes due 2015, $1,100 million of senior secured notes due 2016 and $1,600 million of unsecured senior notes due 2020. The notes are jointly and severally guaranteed on a full and unconditional basis by Leap (the “Guarantor Parent Company”) and Cricket License Company, LLC, a wholly-owned subsidiary of Cricket (the “Guarantor Subsidiary”).


The indentures governing these notes limit, among other things, the Guarantor Parent Company's, Cricket's and the Guarantor Subsidiary's ability to: incur additional debt; create liens or other encumbrances; place limitations on distributions from restricted subsidiaries; pay dividends; make investments; prepay subordinated indebtedness or make other restricted payments; issue or sell capital stock of restricted subsidiaries; issue guarantees; sell assets; enter into transactions with affiliates; and make acquisitions or merge or consolidate with another entity.


Condensed consolidating financial information of the Guarantor Parent Company, the Issuing Subsidiary, the Guarantor Subsidiary, Non-Guarantor Subsidiaries and total consolidated Leap and subsidiaries as of June 30, 2011 and December 31, 2010 and for the three and six months ended June 30, 2011 and 2010 is presented below. The equity method of accounting is used to account for ownership interests in subsidiaries, where applicable.


At December 31, 2010, LCW Wireless and Denali and their respective subsidiaries were wholly owned subsidiaries of the Issuing Subsidiary and reported as Non-Guarantor Subsidiaries in the condensed consolidating financial statements. LCW Wireless and Denali and their respective subsidiaries were merged with and into the Issuing Subsidiary on February 28, 2011 and March 31, 2011, respectively. As a result of these transactions, the financial position, results of operations and cash flows of these entities have been consolidated into the Issuing Subsidiary. All prior period consolidating financial statements have been revised to reflect this reorganization.




Condensed Consolidating Balance Sheet as of June 30, 2011 (unaudited and in thousands):


 
Guarantor
Parent
Company
 
Issuing
Subsidiary
 
Guarantor
Subsidiary
 
Non-Guarantor
Subsidiaries
 
Consolidating
and
Eliminating
Adjustments
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
42


 
$
447,575


 
$
—


 
$
60,502


 
$
—


 
$
508,119


Short-term investments
—


 
215,895


 
—


 
—


 
—


 
215,895


Inventories
—


 
94,250


 
—


 
6,772


 
—


 
101,022


Deferred charges
—


 
46,196


 
—


 
37


 
—


 
46,233


Other current assets
2,129


 
136,345


 
—


 
1,646


 
(2,148
)
 
137,972


Total current assets
2,171


 
940,261


 
—


 
68,957


 
(2,148
)
 
1,009,241


Property and equipment, net
—


 
1,892,275


 
—


 
84,119


 
—


 
1,976,394


Investments in and advances to affiliates and consolidated subsidiaries
1,063,206


 
2,231,367


 
27,168


 
—


 
(3,321,741
)
 
—


Wireless licenses
—


 
—


 
1,748,577


 
194,667


 
—


 
1,943,244


Assets held for sale
—


 
—


 
1,376


 
26,301


 
—


 
27,677


Goodwill
—


 
11,240


 
—


 
20,414


 
—


 
31,654


Intangible assets, net
—


 
18,863


 
—


 
33,452


 
—


 
52,315


Other assets
4,611


 
57,645


 
—


 
1,279


 
—


 
63,535


Total assets
$
1,069,988


 
$
5,151,651


 
$
1,777,121


 
$
429,189


 
$
(3,323,889
)
 
$
5,104,060


Liabilities and Stockholders' Equity
 
 
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities
$
608


 
$
302,158


 
$
—


 
$
5,946


 
$
—


 
$
308,712


Current maturities of long-term debt
—


 
8,500


 
—


 
—


 
—


 
8,500


Intercompany payables
53,094


 
286,912


 
—


 
30,001


 
(370,007
)
 
—


Other current liabilities
5,185


 
213,413


 
—


 
17,339


 
(2,148
)
 
233,789


Total current liabilities
58,887


 
810,983


 
—


 
53,286


 
(372,155
)
 
551,001


Long-term debt
250,000


 
2,967,089


 
—


 
221,857


 
(221,857
)
 
3,217,089


Deferred tax liabilities
—


 
314,379


 
—


 
—


 
—


 
314,379


Other long-term liabilities
—


 
136,678


 
—


 
4,752


 
—


 
141,430


Total liabilities
308,887


 
4,229,129


 
—


 
279,895


 
(594,012
)
 
4,223,899


Redeemable non-controlling interests
—


 
119,060


 
—


 
—


 
—


 
119,060


Stockholders' equity
761,101


 
803,462


 
1,777,121


 
149,294


 
(2,729,877
)
 
761,101


Total liabilities and stockholders' equity
$
1,069,988


 
$
5,151,651


 
$
1,777,121


 
$
429,189


 
$
(3,323,889
)
 
$
5,104,060






Condensed Consolidating Balance Sheet as of December 31, 2010 (unaudited and in thousands):


 
Guarantor
Parent
Company
 
Issuing
Subsidiary
 
Guarantor
Subsidiary
 
Non-Guarantor
Subsidiaries
 
Consolidating
and
Eliminating
Adjustments
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
85


 
$
269,140


 
$
—


 
$
81,565


 
$
—


 
$
350,790


Short-term investments
—


 
68,367


 
—


 
—


 
—


 
68,367


Inventories
—


 
98,763


 
—


 
5,478


 
—


 
104,241


Deferred charges
—


 
47,343


 
—


 
—


 
—


 
47,343


Other current assets
2,261


 
86,040


 
—


 
3,009


 
(300
)
 
91,010


Total current assets
2,346


 
569,653


 
—


 
90,052


 
(300
)
 
661,751


Property and equipment, net
—


 
1,946,209


 
—


 
90,436


 
—


 
2,036,645


Investments in and advances to affiliates and consolidated subsidiaries
1,200,613


 
2,269,613


 
47,069


 
49


 
(3,517,344
)
 
—


Wireless licenses
—


 
—


 
1,747,108


 
220,967


 
—


 
1,968,075


Goodwill
—


 
10,680


 
—


 
20,414


 
—


 
31,094


Intangible assets, net
—


 
20,455


 
—


 
44,388


 
—


 
64,843


Other assets
5,315


 
66,195


 
—


 
905


 
—


 
72,415


Total assets
$
1,208,274


 
$
4,882,805


 
$
1,794,177


 
$
467,211


 
$
(3,517,644
)
 
$
4,834,823


Liabilities and Stockholders' Equity
 
 
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities
$
79


 
$
333,514


 
$
—


 
$
13,276


 
$
—


 
$
346,869


Current maturities of long-term debt
—


 
8,500


 
—


 
5,101


 
(5,101
)
 
8,500


Intercompany payables
41,734


 
300,800


 
—


 
55,054


 
(397,588
)
 
—


Other current liabilities
5,179


 
199,698


 
—


 
16,500


 
(300
)
 
221,077


Total current liabilities
46,992


 
842,512


 
—


 
89,931


 
(402,989
)
 
576,446


Long-term debt
250,000


 
2,582,070


 
—


 
211,875


 
(211,875
)
 
2,832,070


Deferred tax liabilities
—


 
295,703


 
—


 
—


 
—


 
295,703


Other long-term liabilities
—


 
110,800


 
—


 
3,734


 
—


 
114,534


Total liabilities
296,992


 
3,831,085


 
—


 
305,540


 
(614,864
)
 
3,818,753


Redeemable non-controlling interests
—


 
104,788


 
—


 
—


 
—


 
104,788


Stockholders' equity
911,282


 
946,932


 
1,794,177


 
161,671


 
(2,902,780
)
 
911,282


Total liabilities and stockholders' equity
$
1,208,274


 
$
4,882,805


 
$
1,794,177


 
$
467,211


 
$
(3,517,644
)
 
$
4,834,823






Condensed Consolidating Statement of Operations for the Three Months Ended June 30, 2011 (unaudited and in thousands):


 
Guarantor
Parent
Company
 
Issuing
Subsidiary
 
Guarantor
Subsidiary
 
Non-Guarantor
Subsidiaries
 
Consolidating
and
Eliminating
Adjustments
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Service revenues
$
—


 
$
620,233


 
$
—


 
$
83,838


 
$
16


 
$
704,087


Equipment revenues
—


 
48,973


 
—


 
7,478


 
—


 
56,451


Other revenues
—


 
3,886


 
27,196


 
1,041


 
(32,123
)
 
—


Total revenues
—


 
673,092


 
27,196


 
92,357


 
(32,107
)
 
760,538


Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
Cost of service (exclusive of items shown separately below)
—


 
248,700


 
—


 
24,342


 
(28,172
)
 
244,870


Cost of equipment
—


 
158,701


 
—


 
23,976


 
—


 
182,677


Selling and marketing
—


 
73,422


 
—


 
13,739


 
—


 
87,161


General and administrative
3,257


 
78,993


 
187


 
13,577


 
(3,935
)
 
92,079


Depreciation and amortization
—


 
123,532


 
—


 
12,605


 
—


 
136,137


Impairments and other charges
—


 
232


 
—


 
399


 
—


 
631


Total operating expenses
3,257


 
683,580


 
187


 
88,638


 
(32,107
)
 
743,555


Gain (loss) on sale or disposal of assets
—


 
(4,650
)
 
—


 
4


 
—


 
(4,646
)
Operating income (loss)
(3,257
)
 
(15,138
)
 
27,009


 
3,723


 
—


 
12,337


Equity in net income (loss) of consolidated subsidiaries
(64,851
)
 
25,713


 
—


 
—


 
39,138


 
—


Equity in net income of investees, net
—


 
1,010


 
—


 
—


 
—


 
1,010


Interest income
6,063


 
5,075


 
—


 
2


 
(11,081
)
 
59


Interest expense
(3,166
)
 
(64,817
)
 
—


 
(5,021
)
 
11,081


 
(61,923
)
Other income (expense), net
—


 
(32
)
 
—


 
—


 
—


 
(32
)
Income (loss) before income taxes
(65,211
)
 
(48,189
)
 
27,009


 
(1,296
)
 
39,138


 
(48,549
)
Income tax expense
—


 
(9,893
)
 
—


 
—


 
—


 
(9,893
)
Net income (loss)
(65,211
)
 
(58,082
)
 
27,009


 
(1,296
)
 
39,138


 
(58,442
)
Accretion of redeemable non-controlling interests and distributions, net of tax
—


 
(6,769
)
 
—


 
—


 
—


 
(6,769
)
Net income (loss) attributable to common stockholders
$
(65,211
)
 
$
(64,851
)
 
$
27,009


 
$
(1,296
)
 
$
39,138


 
$
(65,211
)




Condensed Consolidating Statement of Operations for the Six Months Ended June 30, 2011 (unaudited and in thousands):


 
Guarantor
Parent
Company
 
Issuing
Subsidiary
 
Guarantor
Subsidiary
 
Non-Guarantor
Subsidiaries
 
Consolidating
and
Eliminating
Adjustments
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Service revenues
$
—


 
$
1,215,057


 
$
—


 
$
167,409


 
$
32


 
$
1,382,498


Equipment revenues
—


 
136,417


 
—


 
21,537


 
—


 
157,954


Other revenues
—


 
8,397


 
50,899


 
2,010


 
(61,306
)
 
—


Total revenues
—


 
1,359,871


 
50,899


 
190,956


 
(61,274
)
 
1,540,452


Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
Cost of service (exclusive of items shown separately below)
—


 
485,866


 
—


 
47,777


 
(52,828
)
 
480,815


Cost of equipment
—


 
358,602


 
—


 
53,870


 
—


 
412,472


Selling and marketing
—


 
166,746


 
—


 
30,267


 
—


 
197,013


General and administrative
6,009


 
160,782


 
375


 
28,768


 
(8,446
)
 
187,488


Depreciation and amortization
—


 
238,620


 
—


 
24,191


 
—


 
262,811


Impairments and other charges
—


 
232


 
—


 
399


 
—


 
631


Total operating expenses
6,009


 
1,410,848


 
375


 
185,272


 
(61,274
)
 
1,541,230


Loss on sale or disposal of assets
—


 
(4,942
)
 
—


 
(53
)
 
—


 
(4,995
)
Operating income (loss)
(6,009
)
 
(55,919
)
 
50,524


 
5,631


 
—


 
(5,773
)
Equity in net income (loss) of consolidated subsidiaries
(161,212
)
 
46,158


 
—


 
—


 
115,054


 
—


Equity in net income of investees, net
—


 
2,189


 
—


 
—


 
—


 
2,189


Interest income
12,126


 
10,117


 
—


 
2


 
(22,122
)
 
123


Interest expense
(6,327
)
 
(126,538
)
 
—


 
(9,999
)
 
22,122


 
(120,742
)
Other income (expense), net
—


 
(32
)
 
—


 
—


 
—


 
(32
)
Income (loss) before income taxes
(161,422
)
 
(124,025
)
 
50,524


 
(4,366
)
 
115,054


 
(124,235
)
Income tax expense
—


 
(20,647
)
 
—


 
—


 
—


 
(20,647
)
Net income (loss)
(161,422
)
 
(144,672
)
 
50,524


 
(4,366
)
 
115,054


 
(144,882
)
Accretion of redeemable non-controlling interests and distributions, net of tax
—


 
(16,540
)
 
—


 
—


 
—


 
(16,540
)
Net income (loss) attributable to common stockholders
$
(161,422
)
 
$
(161,212
)
 
$
50,524


 
$
(4,366
)
 
$
115,054


 
$
(161,422
)
Condensed Consolidating Statement of Operations for the Three Months Ended June 30, 2010 (unaudited and in thousands):


 
Guarantor
Parent
Company
 
Issuing
Subsidiary
 
Guarantor
Subsidiary
 
Non-Guarantor
Subsidiaries
 
Consolidating
and
Eliminating
Adjustments
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Service revenues
$
—


 
$
630,788


 
$
—


 
$
—


 
$
16


 
$
630,804


Equipment revenues
—


 
36,542


 
—


 
—


 
—


 
36,542


Other revenues
—


 
165


 
24,215


 
—


 
(24,380
)
 
—


Total revenues
—


 
667,495


 
24,215


 
—


 
(24,364
)
 
667,346


Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
Cost of service (exclusive of items shown separately below)
—


 
234,563


 
—


 
—


 
(24,955
)
 
209,608


Cost of equipment
—


 
111,041


 
—


 
—


 
—


 
111,041


Selling and marketing
—


 
96,449


 
—


 
—


 
—


 
96,449


General and administrative
3,281


 
84,900


 
172


 
—


 
591


 
88,944


Depreciation and amortization
—


 
110,649


 
—


 
—


 
—


 
110,649


Total operating expenses
3,281


 
637,602


 
172


 
—


 
(24,364
)
 
616,691


Loss on sale or disposal of assets
—


 
(1,488
)
 
—


 
—


 
—


 
(1,488
)
Operating income (loss)
(3,281
)
 
28,405


 
24,043


 
—


 
—


 
49,167


Equity in net income (loss) of consolidated subsidiaries
(17,872
)
 
24,043


 
—


 
—


 
(6,171
)
 
—


Equity in net income of investees, net
—


 
887


 
—


 
—


 
—


 
887


Interest income
6,062


 
294


 
—


 
—


 
(6,062
)
 
294


Interest expense
(3,147
)
 
(63,211
)
 
—


 
—


 
6,062


 
(60,296
)
Other income, net
—


 
3,057


 
—


 
—


 
—


 
3,057


Income (loss) before income taxes
(18,238
)
 
(6,525
)
 
24,043


 
—


 
(6,171
)
 
(6,891
)
Income tax expense
—


 
(12,397
)
 
—


 
—


 
—


 
(12,397
)
Net income (loss)
(18,238
)
 
(18,922
)
 
24,043


 
—


 
(6,171
)
 
(19,288
)
Accretion of redeemable non-controlling interests and distributions, net of tax
—


 
1,050


 
—


 
—


 
—


 
1,050


Net income (loss) attributable to common stockholders
$
(18,238
)
 
$
(17,872
)
 
$
24,043


 
$
—


 
$
(6,171
)
 
$
(18,238
)


Condensed Consolidating Statement of Operations for the Six Months Ended June 30, 2010 (unaudited and in thousands):


 
Guarantor
Parent
Company
 
Issuing
Subsidiary
 
Guarantor
Subsidiary
 
Non-Guarantor
Subsidiaries
 
Consolidating
and
Eliminating
Adjustments
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Service revenues
$
—


 
$
1,245,400


 
$
—


 
$
—


 
$
32


 
$
1,245,432


Equipment revenues
—


 
105,674


 
—


 
—


 
—


 
105,674


Other revenues
—


 
330


 
48,140


 
—


 
(48,470
)
 
—


Total revenues
—


 
1,351,404


 
48,140


 
—


 
(48,438
)
 
1,351,106


Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
Cost of service (exclusive of items shown separately below)
—


 
454,966


 
—


 
—


 
(49,618
)
 
405,348


Cost of equipment
—


 
279,094


 
—


 
—


 
—


 
279,094


Selling and marketing
—


 
208,333


 
—


 
—


 
—


 
208,333


General and administrative
6,400


 
173,275


 
345


 
—


 
1,180


 
181,200


Depreciation and amortization
—


 
219,895


 
—


 
—


 
—


 
219,895


Total operating expenses
6,400


 
1,335,563


 
345


 
—


 
(48,438
)
 
1,293,870


Loss on sale or disposal of assets
—


 
(2,941
)
 
—


 
—


 
—


 
(2,941
)
Operating income (loss)
(6,400
)
 
12,900


 
47,795


 
—


 
—


 
54,295


Equity in net income (loss) of consolidated subsidiaries
(85,706
)
 
47,795


 
—


 
—


 
37,911


 
—


Equity in net income of investees, net
—


 
1,458


 
—


 
—


 
—


 
1,458


Interest income
12,125


 
722


 
—


 
—


 
(12,125
)
 
722


Interest expense
(6,291
)
 
(126,425
)
 
—


 
—


 
12,125


 
(120,591
)
Other income, net
—


 
3,072


 
—


 
—


 
—


 
3,072


Income (loss) before income taxes
(86,272
)
 
(60,478
)
 
47,795


 
—


 
37,911


 
(61,044
)
Income tax expense
—


 
(23,691
)
 
—


 
—


 
—


 
(23,691
)
Net income (loss)
(86,272
)
 
(84,169
)
 
47,795


 
—


 
37,911


 
(84,735
)
Accretion of redeemable non-controlling interests and distributions, net of tax
—


 
(1,537
)
 
—


 
—


 
—


 
(1,537
)
Net income (loss) attributable to common stockholders
$
(86,272
)
 
$
(85,706
)
 
$
47,795


 
$
—


 
$
37,911


 
$
(86,272
)




Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2011 (unaudited and in thousands):
 
Guarantor
Parent
Company
 
Issuing
Subsidiary
 
Guarantor
Subsidiary
 
Non-Guarantor
Subsidiaries
 
Consolidating
and
Eliminating
Adjustments
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
Operating activities:
 
 
 
 
 
 
 
 
 
 
 
Net cash provided by (used in) operating activities
$
(43
)
 
$
105,649


 
$
—


 
$
1,779


 
$
(5,746
)
 
$
101,639


Investing activities:
 
 
 
 
 
 
 
 
 
 
 
Acquisition of a business
—


 
(850
)
 
—


 
—


 
—


 
(850
)
Purchases of property and equipment
—


 
(176,984
)
 
—


 
(9,202
)
 
—


 
(186,186
)
Change in prepayments for purchases of property and equipment
—


 
(2,953
)
 
—


 
—


 
—


 
(2,953
)
Purchases of wireless licenses and spectrum clearing costs
—


 
(2,845
)
 
—


 
—


 
—


 
(2,845
)
Proceeds from sales of wireless licenses and operating assets


 
394


 
—


 
74


 
—


 
468


Purchases of investments
—


 
(297,430
)
 
—


 
—


 
—


 
(297,430
)
Sales and maturities of investments
—


 
149,767


 
—


 
—


 
—


 
149,767


Investments in and advances to affiliates and consolidated subsidiaries
(712
)
 
—


 
—


 
—


 
712


 
—


Change in restricted cash
—


 
280


 
—


 
(700
)
 
—


 
(420
)
Net cash used in investing activities
(712
)
 
(330,621
)
 
—


 
(9,828
)
 
712


 
(340,449
)
Financing activities:
 
 
 
 
 
 
 
 
 
 
 
Proceeds from issuance of long-term debt
—


 
396,772


 
—


 
—


 
—


 
396,772


Repayment of long-term debt
—


 
(10,089
)
 
—


 
(5,000
)
 
—


 
(15,089
)
Payment of debt issuance costs
—


 
(6,680
)
 
—


 
—


 
—


 
(6,680
)
Capital contributions, net
—


 
712


 
—


 
—


 
(712
)
 
—


Proceeds from issuance of common stock, net
712


 
—


 
—


 
—


 
—


 
712


Proceeds from sale lease-back financing
—


 
23,891


 
—


 
—


 
—


 
23,891


Other
—


 
(1,199
)
 
—


 
(8,014
)
 
5,746


 
(3,467
)
Net cash provided by (used in) financing activities
712


 
403,407


 
—


 
(13,014
)
 
5,034


 
396,139


Net decrease in cash and cash equivalents
(43
)
 
178,435


 
—


 
(21,063
)
 
—


 
157,329


Cash and cash equivalents at beginning of period
85


 
269,140


 
—


 
81,565


 
—


 
350,790


Cash and cash equivalents at end of period
$
42


 
$
447,575


 
$
—


 
$
60,502


 
$
—


 
$
508,119


Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2010 (unaudited and in thousands):


 
Guarantor
Parent
Company
 
Issuing
Subsidiary
 
Guarantor
Subsidiary
 
Non-Guarantor
Subsidiaries
 
Consolidating
and
Eliminating
Adjustments
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
Operating activities:
 
 
 
 
 
 
 
 
 
 
 
Net cash provided (used in) by operating activities
$
(20
)
 
$
204,426


 
$
—


 
$
—


 
$
—


 
$
204,406


Investing activities:
 
 
 
 
 
 
 
 
 
 
 
Purchases of property and equipment
—


 
(195,405
)
 
—


 
—


 
—


 
(195,405
)
Change in prepayments for purchases of property and equipment
—


 
(2,836
)
 
—


 
—


 
—


 
(2,836
)
Purchases of wireless licenses and spectrum clearing costs
—


 
(1,827
)
 
—


 
—


 
—


 
(1,827
)
Purchases of investments
—


 
(301,399
)
 
—


 
—


 
—


 
(301,399
)
Sales and maturities of investments
—


 
427,287


 
—


 
—


 
—


 
427,287


Investments in and advances to affiliates and consolidated subsidiaries
(904
)
 
—


 
—


 
—


 
904


 
—


Purchase of membership units of equity investment
—


 
(967
)
 
—


 
—


 
—


 
(967
)
Change in restricted cash
—


 
378


 
—


 
—


 
—


 
378


Net cash used in investing activities
(904
)
 
(74,769
)
 
—


 
—


 
904


 
(74,769
)
Financing activities:
 
 
 
 
 
 
 
 
 
 
 
Repayment of long-term debt
—


 
(4,000
)
 
—


 
—


 
—


 
(4,000
)
Purchase of non-controlling interest
—


 
(20,973
)
 
—


 
—


 
—


 
(20,973
)
Capital contributions, net
—


 
904


 
—


 
—


 
(904
)
 
—


Proceeds from the issuance of common stock, net
904


 
—


 
—


 
—


 
—


 
904


Other
—


 
(979
)
 
—


 
—


 
—


 
(979
)
Net cash provided by (used in) financing activities
904


 
(25,048
)
 
—


 
—


 
(904
)
 
(25,048
)
Net increase (decrease) in cash and cash equivalents
(20
)
 
104,609


 
—


 
—


 
—


 
104,589


Cash and cash equivalents at beginning of period
66


 
174,933


 
—


 
—


 
—


 
174,999


Cash and cash equivalents at end of period
$
46


 
$
279,542


 
$
—


 
$
—


 
$
—


 
$
279,588