Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Condensed Consolidating Financial Information

Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets

	December 31, 2012
			Nabors			Other
	Nabors		Delaware			Subsidiaries
	(Parent/		(Issuer/			(Non-		Consolidating
	Guarantor)		Guarantor)			Guarantors)		Adjustments			Total
	(In thousands)
	ASSETS
Current assets:
Cash and cash equivalents	$	1,639	$	106,778		$	416,505	$	—		$	524,922
Short-term investments	—		—			253,282		—			253,282
Assets held for sale	—		—			383,857		—			383,857
Accounts receivable, net	—		—			1,382,623		—			1,382,623
Inventory	—		—			251,133		—			251,133
Deferred income taxes	—		—			110,480		—			110,480
Other current assets	50		—			226,510		—			226,560
Total current assets	1,689		106,778			3,024,390		—			3,132,857
Long-term investments	—		—			4,269		—			4,269
Property, plant and equipment, net	—		37,300			8,674,788		—			8,712,088
Goodwill	—		—			472,326		—			472,326
Intercompany receivables	174,948		1,690,636			670,404		(2,535,988		)	—
Investment in unconsolidated affiliates	5,769,518		5,129,458			395,246		(11,232,532		)	61,690
Other long-term assets	—		31,904			240,888		—			272,792
Total assets	$	5,946,155	$	6,996,076		$	13,482,311	$	(13,768,520	)	$	12,656,022
	LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt	$	—	$	—		$	364	$	—		$	364
Trade accounts payable	116		23			498,871		—			499,010
Accrued liabilities	1,110		91,520			540,378		—			633,008
Total current liabilities	1,226		91,543			1,039,613		—			1,132,382
Long-term debt	—		4,379,263			73		—			4,379,336
Other long-term liabilities	—		30,983			487,681		—			518,664
Deferred income taxes	—		(24,906		)	624,241		—			599,335
Intercompany payable	—		2,535,988			––		(2,535,988		)	—
Total liabilities	1,226		7,012,871			2,151,608		(2,535,988		)	6,629,717
Subsidiary preferred stock	—		—			69,188		—			69,188
Shareholders’ equity	5,944,929		(16,795		)	11,249,327		(11,232,532		)	5,944,929
Noncontrolling interest	—		—			12,188		—			12,188
Total equity	5,944,929		(16,795		)	11,261,515		(11,232,532		)	5,957,117
Total liabilities and equity	$	5,946,155	$	6,996,076		$	13,482,311	$	(13,768,520	)	$	12,656,022

	December 31, 2011
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments			Total
	(In thousands)
	ASSETS
Current assets:
Cash and cash equivalents	$	203	$	21	$	398,351	$	—		$	398,575
Short-term investments	—		—		140,914		—			140,914
Assets held for sale	—		—		401,500		—			401,500
Accounts receivable, net	—		—		1,576,555		—			1,576,555
Inventory	—		—		272,852		—			272,852
Deferred income taxes	—		—		127,874		—			127,874
Other current assets	50		671		169,323		—			170,044
Total current assets	253		692		3,087,369		—			3,088,314
Long-term investments	—		—		11,124		—			11,124
Property, plant and equipment, net	—		40,792		8,589,154		—			8,629,946
Goodwill	—		—		501,258		—			501,258
Intercompany receivables	164,760		1,620,365		214,640		(1,999,765		)	—
Investment in unconsolidated affiliates	5,429,029		6,084,868		1,843,654		(12,986,530		)	371,021
Other long-term assets	—		32,037		278,440		—			310,477
Total assets	$	5,594,042	$	7,778,754	$	14,525,639	$	(14,986,295	)	$	12,912,140
	LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt	$	—	$	274,604	$	722	$	—		$	275,326
Trade accounts payable	42		23		782,688		—			782,753
Accrued liabilities	6,185		100,101		638,197		—			744,483
Total current liabilities	6,227		374,728		1,421,607		—			1,802,562
Long-term debt	—		4,297,500		50,990		—			4,348,490
Other long-term liabilities	—		32,303		71,375		—			292,758
Deferred income taxes	—		11,221		786,704		—			797,925
Intercompany payable	—		1,999,765		––		(1,999,765		)	—
Total liabilities	6,227		6,715,517		2,519,756		(1,999,765		)	7,241,735
Subsidiary preferred stock	—		—		69,188		—			69,188
Shareholders’ equity	5,587,815		1,063,237		11,923,293		(12,986,530		)	5,587,815
Noncontrolling interest	—		—		13,402		—			13,402
Total equity	5,587,815		1,063,237		11,936,695		(12,986,530		)	5,601,217
Total liabilities and equity	$	5,594,042	$	7,778,754	$	14,525,639	$	(14,986,295	)	$	12,912,140

Condensed Consolidating Statements of Income (Loss)

Condensed Consolidating Statements of Income (Loss)

	Year Ended December 31, 2012
			Nabors			Other
	Nabors		Delaware			Subsidiaries
	(Parent/		(Issuer/			(Non-			Consolidating
	Guarantor)		Guarantor)			Guarantors)			Adjustments			Total
						(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—		$	6,989,573		$	—		$	6,989,573
Earnings from unconsolidated affiliates	—		—			(301,320		)	—			(301,320		)
Earnings (losses) from consolidated affiliates	172,406		(107,240		)	(214,605		)	149,439			—
Investment income (loss)	—		43			63,094			—			63,137
Intercompany interest income	—		69,145			—			(69,145		)	—
Total revenues and other income	172,406		(38,052		)	6,536,742			80,294			6,751,390
Costs and other deductions:
Direct costs	—		—			4,483,320			—			4,483,320
General and administrative expenses	7,141		458			526,577			(1,608		)	532,568
Depreciation and amortization	—		3,610			1,051,907			—			1,055,517
Interest expense	—		268,904			(17,352		)	—			251,552
Intercompany interest expense	—		—			69,145			(69,145		)	—
Losses (gains) on sales of long-lived assets and other expense (income), net	1,231		(2,451		)	(136,898		)	1,608			(136,510		)
Impairments and other charges	—		—			290,260			—			290,260
Total costs and other deductions	8,372		270,521			6,266,959			(69,145		)	6,476,707
Income from continuing operations before income taxes	164,034		(308,573		)	269,783			149,439			274,683
Income tax expense (benefit)	—		(74,493		)	107,121			—			32,628
Subsidiary preferred stock dividend	—		—			3,000			—			3,000
Income (loss) from continuting operations, net of tax	164,034		(234,080		)	159,662			149,439			239,055
Income (loss) from discontinued operations, net of tax	—		—			(74,400		)	—			(74,400		)
Net income (loss) attributable to Nabors	164,034		(234,080		)	85,262			149,439			164,655
Less: Net (income) loss attributable to noncontrolling interest	—		—			(621		)	—			(621		)
Net income (loss)	$	164,034	$	(234,080	)	$	84,641		$	149,439		$	164,034

	Year Ended December 31, 2011
			Nabors			Other
	Nabors		Delaware			Subsidiaries
	(Parent/		(Issuer/			(Non-			Consolidating
	Guarantor)		Guarantor)			Guarantors)			Adjustments			Total
						(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—		$	6,060,351		$	—		$	6,060,351
Earnings from unconsolidated affiliates	—		—			56,647			—			56,647
Earnings (losses) from consolidated affiliates	256,245		214,308			107,536			(578,089		)	—
Investment income (loss)	4		68			19,868			—			19,940
Intercompany interest income	—		69,437			—			(69,437		)	—
Total revenues and other income	256,249		283,813			6,244,402			(647,526		)	6,136,938
Costs and other deductions:
Direct costs	—		—			3,775,964			—			3,775,964
General and administrative expenses	11,970		348			478,174			(600		)	489,892
Depreciation and amortization	—		3,532			920,562			—			924,094
Interest expense	—		278,657			(22,024		)	—			256,633
Intercompany interest expense			—			69,437			(69,437		)	—
Losses (gains) on sales of long-lived assets and other expense (income), net	600		(1,904		)	5,218			600			4,514
Impairments and other charges	—		—			198,072			—			198,072
Total costs and other deductions	12,570		280,633			5,425,403			(69,437		)	5,649,169
Income from continuing operations before income taxes	243,679		3,180			818,999			(578,089		)	487,769
Income tax expense (benefit)	—		(78,118		)	220,723			—			142,605
Subsidiary preferred stock dividend	—		—			3,000			—			3,000
Income (loss) from continuting operations, net of tax	243,679		81,298			595,276			(578,089		)	342,164
Income (loss) from discontinued operations, net of tax	—		—			(97,440		)				(97,440		)
Net income (loss) attributable to Nabors	243,679		81,298			497,836			(578,089		)	244,724
Less: Net (income) loss attributable to noncontrolling interest	—		—			(1,045		)				(1,045		)
Net income (loss)	$	243,679	$	81,298		$	496,791		$	(578,089	)	$	243,679

	Year Ended December 31, 2010
				Nabors			Other
	Nabors			Delaware			Subsidiaries
	(Parent/			(Issuer/			(Non-			Consolidating
	Guarantor)			Guarantor)			Guarantors)			Adjustments			Total
							(In thousands)
Revenues and other income:
Operating revenues	$	—		$	—		$	4,134,483		$	—		$	4,134,483
Earnings from unconsolidated affiliates	—			—			33,267			—			33,267
Earnings (losses) from consolidated affiliates	68,749			(183,242		)	(316,657		)	431,150			—
Investment income (loss)	15			—			7,248			—			7,263
Intercompany interest income	—			72,435			—			(72,435		)	—
Total revenues and other income	68,764			(110,807		)	3,858,341			358,715			4,175,013
Costs and other deductions:
Direct costs	—			—			2,400,519			—			2,400,519
General and administrative expenses	9,165			445			330,067			(957		)	338,720
Depreciation and amortization	—			3,303			757,659			—			760,962
Interest expense	—			283,396			(10,684		)	—			272,712
Intercompany interest expense	—			—			72,435			(72,435		)	—
Losses (gains) on sales of long-lived assets and other expense (income), net	(35,096		)	42,504			38,873			957			47,238
Impairments and other charges	—						61,292			—			61,292
Total costs and other deductions	(25,931		)	329,648			3,650,161			(72,435		)	3,881,443
Income from continuing operations before income taxes	94,695			(440,455		)	208,180			431,150			293,570
Income tax expense (benefit)	—			(95,168		)	132,118			—			36,950
Subsidiary preferred stock dividend	—			—			750			—			750
Income (loss) from continuting operations, net of tax	94,695			(345,287		)	75,312			431,150			255,870
Income (loss) from discontinued operations, net of tax	—			—			(161,090		)	—			(161,090		)
Net income (loss) attributable to Nabors	94,695			(345,287		)	(85,778		)	431,150			94,780
Less: Net (income) loss attributable to noncontrolling interest	—			—			(85		)	—			(85		)
Net income (loss)	$	94,695		$	(345,287	)	$	(85,863	)	$	431,150		$	94,695

Condensed consolidating statements of other comprehensive income

Condensed Consolidating Statements of Other Comprehensive Income

	Year Ended December 31, 2012
				Nabors			Other
	Nabors			Delaware			Subsidiaries
	(Parent/			(Issuer/			(Non-			Consolidating
	Guarantor)			Guarantor)			Guarantors)			Adjustments			Total
							(In thousands)
Net income (loss) attributable to Nabors	$	164,034		$	(234,080	)	$	84,641		$	149,439		$	164,034
Other comprehensive income (loss) before taxes
Translation adjustment attributable to Nabors	21,073			(88		)	20,987			(20,899		)	21,073
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	98,138			133			98,271			(98,404		)	98,138
Less: reclassification adjustment for (gains)/losses on marketable securities	(13,405		)	(11,488		)	(24,893		)	36,381			(13,405		)
Unrealized gains/(losses) on marketable securities	84,733			(11,355		)	73,378			(62,023		)	84,733
Pension liability amortization and adjustment	(324		)	(324		)	(648		)	972			(324		)
Unrealized gains/(losses) and amortization of (gains)/losses on cash flow hedges	702			702			702			(1,404		)	702
Other comprehensive income (loss) before taxes	106,184			(11,065		)	94,419			(83,354		)	106,184
Income tax expense (benefit) related to items of other comprehensive income (loss)	(4,147		)	(4,147		)	(8,533		)	12,680			(4,147		)
Other comprehensive income (loss), net of tax	110,331			(6,918		)	102,952			(96,034		)	110,331
Comprehensive income (loss) attributable to Nabors	274,365			(240,998		)	187,593			53,405			274,365
Net income (loss) attributable to noncontrolling interest	621			—			621			(621		)	621
Translation adjustment to noncontrolling interest	311			—			311			(311		)	311
Comprehensive income (loss) attributable to noncontrolling interest	932			—			932			(932		)	932
Comprehensive income (loss)	$	275,297		$	(240,998	)	$	188,525		$	52,473		$	275,297

	Year Ended December 31, 2011
				Nabors			Other
	Nabors			Delaware			Subsidiaries
	(Parent/			(Issuer/			(Non-			Consolidating
	Guarantor)			Guarantor)			Guarantors)			Adjustments			Total
							(In thousands)
Net income (loss) attributable to Nabors	$	243,679		$	81,298		$	496,791		$	(578,089	)	$	243,679
Other comprehensive income (loss) before taxes
Translation adjustment attributable to Nabors	(20,257		)	(5,511		)	(25,768		)	31,279			(20,257		)
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	5,356			226			5,582			(5,808		)	5,356
Less: reclassification adjustment for (gains)/losses on marketable securities	(3,036		)	—			(3,036		)	3,036			(3,036		)
Unrealized gains/(losses) on marketable securities	2,320			226			2,546			(2,772		)	2,320
Pension liability amortization and adjustment	(5,391		)	(5,391		)	(10,782		)	16,173			(5,391		)
Unrealized gains/(losses) and amortization of (gains)/losses on cash flow hedges	763			763			763			(1,526		)	763
Other comprehensive income (loss) before taxes	(22,565		)	(9,913		)	(33,241		)	43,154			(22,565		)
Income tax expense (benefit) related to items of other comprehensive income (loss)	(1,777		)	(1,777		)	(3,793		)	5,570			(1,777		)
Other comprehensive income (loss), net of tax	(20,788		)	(8,136		)	(29,448		)	37,584			(20,788		)
Comprehensive income (loss) attributable to Nabors	222,891			73,162			467,343			(540,505		)	222,891
Net income (loss) attributable to noncontrolling interest	1,045			—			1,045			(1,045		)	1,045
Translation adjustment to noncontrolling interest	(185		)	—			(185		)	185			(185		)
Comprehensive income (loss) attributable to noncontrolling interest	860			—			860			(860		)	860
Comprehensive income (loss)	$	223,751		$	73,162		$	468,203		$	(541,365	)	$	223,751

	Year Ended December 31, 2010
				Nabors			Other
	Nabors			Delaware			Subsidiaries
	(Parent/			(Issuer/			(Non-			Consolidating
	Guarantor)			Guarantor)			Guarantors)			Adjustments			Total
							(In thousands)
Net income (loss) attributable to Nabors	$	94,695		$	(345,287	)	$	(85,863	)	$	431,150		$	94,695
Other comprehensive income (loss) before taxes
Translation adjustment attributable to Nabors	60,897			(3,113		)	57,784			(54,671		)	60,897
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	278			19,390			19,668			(39,058		)	278
Less: reclassification adjustment for (gains)/losses on marketable securities	(1,694		)	(1,808		)	(3,502		)	5,310			(1,694		)
Unrealized gains/(losses) on marketable securities	(1,416		)	17,582			16,166			(33,748		)	(1,416		)
Pension liability amortization and adjustment	(376		)	(376		)	(752		)	1,128			(376		)
Unrealized gains/(losses) and amortization of (gains)/losses on cash flow hedges	(5,282		)	(5,282		)	(5,282		)	10,564			(5,282		)
Other comprehensive income (loss) before taxes	53,823			8,811			67,916			(76,727		)	53,823
Income tax expense (benefit) related to items of other comprehensive income (loss)	4,477			4,477			11,073			(15,550		)	4,477
Other comprehensive income (loss), net of tax	49,346			4,334			56,843			(61,177		)	49,346
Comprehensive income (loss) attributable to Nabors	144,041			(340,953		)	(29,020		)	369,973			144,041
Net income (loss) attributable to noncontrolling interest	85			—			85			(85		)	85
Translation adjustment to noncontrolling interest	723			—			723			(723		)	723
Comprehensive income (loss) attributable to noncontrolling interest	808			—			808			(808		)	808
Comprehensive income (loss)	$	144,849		$	(340,953	)	$	(28,212	)	$	369,165		$	144,849

Condensed Consolidating Statements of Cash Flows

	Year Ended December 31, 2012
				Nabors			Other
	Nabors			Delaware			Subsidiaries
	(Parent/			(Issuer/			(Non-			Consolidating
	Guarantor)			Guarantor)			Guarantors)			Adjustments			Total
							(In thousands)
Net cash provided by (used for) operating activities	$	7,253		$	39,708		$	1,546,250		$	(30,506	)	$	1,562,705
Cash flows from investing activities:
Purchases of investments	—			—			(949		)	—			(949		)
Sales and maturities of investments	—			—			31,944			—			31,944
Cash paid for acquisition of businesses, net	(35		)	—			—			35			—
Proceeds from sale of unconsolidated affiliates	—			—			150,000			—			150,000
Distribution of proceeds from asset sales of unconsolidated affiliates	—			—			9,529			—			9,529
Investment in unconsolidated affiliates	—			—			(1,325		)	—			(1,325		)
Capital expenditures	—			—			(1,518,628		)	—			(1,518,628		)
Proceeds from sales of assets and insurance claims	—			—			149,801			—			149,801
Cash paid for investments in consolidated affiliates	—			—			—			—			—
Changes in intercompany balances	—			274,482			(274,482		)	—			—
Net cash provided by (used for) investing activities	(35		)	274,482			(1,454,110		)	35			(1,179,628		)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts	—			––			1,612			––			1,612
Debt issuance costs	—			(3,433		)	––			––			(3,433		)
Proceeds from revolving credit facilities	—			710,000			––			––			710,000
Proceeds from (payments for) issuance of common shares	(3,622		)	––			(3		)	––			(3,625		)
Reduction in long-term debt	—			(224,997		)	(51,261		)	––			(276,258		)
Reduction in revolving credit facilities	—			(680,000		)	––			––			(680,000		)
Purchase of restricted stock	(2,160		)	––			––			––			(2,160		)
Tax benefit related to share-based awards	—			––			(263		)	––			(263		)
Proceeds from parent contributions	—			––			35			(35		)	—
Cash dividends paid	—			(9,003		)	(21,503		)	30,506			—
Net cash (used for) provided by financing activities	(5,782		)	(207,433		)	(71,383		)	30,471			(254,127		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(2,603		)	—			(2,603		)
Net increase (decrease) in cash and cash equivalents	1,436			106,757			18,154			—			126,347
Cash and cash equivalents, beginning of period	203			21			398,351			—			398,575
Cash and cash equivalents, end of period	$	1,639		$	106,778		$	416,505		$	—		$	524,922

	Year Ended December 31, 2011
				Nabors			Other
	Nabors			Delaware			Subsidiaries
	(Parent/			(Issuer/			(Non-			Consolidating
	Guarantor)			Guarantor)			Guarantors)			Adjustments			Total
	(In thousands)
Net cash provided by (used for) operating activities	$	6,612		$	(109,125	)	$	1,559,000		$	—		$	1,456,487
Cash flows from investing activities:
Purchases of investments	—			—			(11,746		)	—			(11,746		)
Sales and maturities of investments	—			—			39,063			—			39,063
Cash paid for acquisition of businesses, net	—			—			(55,459		)	—			(55,459		)
Distribution of proceeds from asset sales of unconsolidated affiliates	—			—			142,984			—			142,984
Investment in unconsolidated affiliates	—			—			(112,262		)	—			(112,262		)
Capital expenditures	—			—			(2,042,617		)	—			(2,042,617		)
Proceeds from sales of assets and insurance claims	—			—			180,558			—			180,558
Cash paid for investments in consolidated affiliates	(26,235		)	(65,000		)	—			91,235			—
Changes in intercompany balances	—			77,947			(77,947		)	—			—
Net cash provided by (used for) investing activities	(26,235		)	12,947			(1,937,426		)	91,235			(1,859,479		)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts	—			—			6,375			—			6,375
Proceeds from issuance of long-term debt	—			697,578			—			—			697,578
Debt issuance costs	—			(7,141		)	—			—			(7,141		)
Proceeds from revolving credit facilities	—			1,510,000			50,000			—			1,560,000
Proceeds from issuance of common shares	11,605			—			—			—			11,605
Reduction in long-term debt	—			(1,404,246		)	(35		)	—			(1,404,281		)
Reduction in revolving credit facilities	—			(700,000		)	—			—			(700,000		)
Repurchase of equity component of convertible debt	—			(12		)	—			—			(12		)
Purchase of restricted stock	(2,626		)	—			—			—			(2,626		)
Tax benefit related to share-based awards	—			—			1,747			—			1,747
Proceeds from parent contributions	—			—			91,235			(91,235		)	—
Net cash (used for) provided by financing activities	8,979			96,179			149,322			(91,235		)	163,245
Effect of exchange rate changes on cash and cash equivalents	—			—			(3,380		)	—			(3,380		)
Net increase (decrease) in cash and cash equivalents	(10,644		)	1			(232,484		)	—			(243,127		)
Cash and cash equivalents, beginning of period	10,847			20			630,835			—			641,702
Cash and cash equivalents, end of period	$	203		$	21		$	398,351		$	—		$	398,575

	Year Ended December 31, 2010
				Nabors			Other
	Nabors			Delaware			Subsidiaries
	(Parent/			(Issuer/			(Non-			Consolidating
	Guarantor)			Guarantor)			Guarantors)			Adjustments			Total
	(In thousands)
Net cash provided by (used for) operating activities	$	115,179		$	3,697		$	1,258,108		$	(270,000	)	$	1,106,984
Cash flows from investing activities:
Purchases of investments	—			—			(34,147		)	—			(34,147		)
Sales and maturities of investments	—			—			34,613			—			34,613
Cash paid for acquisition of businesses, net	—			—			(733,630		)	—			(733,630		)
Investment in unconsolidated affiliates	—			—			(40,936		)	—			(40,936		)
Capital expenditures	—			—			(930,277		)	—			(930,277		)
Proceeds from sales of assets and insurance claims	—			—			31,072			—			31,072
Cash paid for investments in consolidated affiliates	(122,300		)	(1,027,134		)	—			1,149,434			—
Changes in intercompany balances	—			753,648			(753,648		)	—			—
Net cash provided by (used for) investing activities	(122,300		)	(273,486		)	(2,426,953		)	1,149,434			(1,673,305		)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts	—			—			(6,298		)	—			(6,298		)
Proceeds from issuance of long-term debt	—			696,948			—			—			696,948
Debt issuance costs	—			(8,934		)	—			—			(8,934		)
Payments for hedge transactions	—			(5,667		)	—			—			(5,667		)
Proceeds from revolving credit facilities	—			600,000			—			—			600,000
Proceeds from issuance of common shares	8,201			—			—			—			8,201
Reduction in long-term debt	—			(274,095		)	(124,419		)	—			(398,514		)
Reduction in revolving credit facilities	—			(600,000		)	—			—			(600,000		)
Repurchase of equity component of convertible debt	—			(4,712		)	—			—			(4,712		)
Settlement of call options and warrants, net	—			1,134			—			—			1,134
Purchase of restricted stock	(1,935		)	—			—			—			(1,935		)
Tax benefit related to share-based awards	—			—			31			—			31
Cash dividends paid	—			(135,000		)	(135,000		)	270,000			—
Proceeds from parent contributions	—			—			1,149,434			(1,149,434		)	—
Net cash (used for) provided by financing activities	6,266			269,674			883,748			(879,434		)	280,254
Effect of exchange rate changes on cash and cash equivalents	—			—			(46		)	—			(46		)
Net increase (decrease) in cash and cash equivalents	(855		)	(115		)	(285,143		)	—			(286,113		)
Cash and cash equivalents, beginning of period	11,702			135			915,978			—			927,815
Cash and cash equivalents, end of period	$	10,847		$	20		$	630,835		$	—		$	641,702