Note 23 Condensed Consolidating Financial Information

Nabors has fully and unconditionally guaranteed all of the issued public debt securities of Nabors Delaware, a 100% wholly-owned subsidiary. The following condensed consolidating financial information is included so that separate financial statements of Nabors Delaware is not required to be filed with the SEC. The condensed consolidating financial statements present investments in both consolidated and unconsolidated affiliates using the equity method of accounting.

The following condensed consolidating financial information presents condensed consolidating balance sheets as of December 31, 2018 and 2017, and statements of income (loss), statements of comprehensive income (loss) and the statements of cash flows for the years ended December 31, 2018, 2017 and 2016 of (a) Nabors, parent/guarantor, (b) Nabors Delaware, issuer of public debt securities guaranteed by Nabors, (c) the non‑guarantor subsidiaries, (d) consolidating adjustments necessary to consolidate Nabors and its subsidiaries and (e) Nabors on a consolidated basis.

Condensed Consolidating Balance Sheets


	December 31, 2018
					Other
	Nabors			Nabors	Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		Guarantors)		Adjustments		Total
	(In thousands)
	ASSETS
Current assets:
Cash and cash equivalents	$	474	$	42	$	447,250	$	—	$	447,766
Short-term investments		—		—		34,036		—		34,036
Accounts receivable, net		—		—		756,320		—		756,320
Inventory, net		—		—		165,587		—		165,587
Assets held for sale		—		—		12,250		—		12,250
Other current assets		50		433		177,121		—		177,604
Total current assets		524		475		1,592,564		—		1,593,563
Property, plant and equipment, net		—		—		5,467,870		—		5,467,870
Goodwill		—		—		183,914		—		183,914
Intercompany receivables		95,946		218,129		2,611		(316,686)		—
Investment in consolidated affiliates		2,658,827		5,494,886		4,079,269		(12,232,982)		—
Deferred income taxes		—		388,089		345,091		(388,089)		345,091
Other long-term assets		—		142		277,689		(14,325)		263,506
Total assets	$	2,755,297	$	6,101,721	$	11,949,008	$	(12,952,082)	$	7,853,944

	LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	—	$	—	$	561	$	—	$	561
Trade accounts payable		132		14		392,697		—		392,843
Accrued liabilities		28,815		62,830		326,267		—		417,912
Income taxes payable		—		—		20,761		—		20,761
Total current liabilities		28,947		62,844		740,286		—		832,077
Long-term debt		—		3,600,209		—		(14,325)		3,585,884
Other long-term liabilities		—		29,331		245,154		—		274,485
Deferred income taxes		—		—		394,400		(388,089)		6,311
Intercompany payable		25,500		—		291,186		(316,686)		—
Total liabilities		54,447		3,692,384		1,671,026		(719,100)		4,698,757
Redeemable noncontrolling interest in subsidiary		—		—		404,861		—		404,861
Shareholders’ equity		2,700,850		2,409,337		9,823,645		(12,232,982)		2,700,850
Noncontrolling interest		—		—		49,476		—		49,476
Total equity		2,700,850		2,409,337		9,873,121		(12,232,982)		2,750,326
Total liabilities and equity	$	2,755,297	$	6,101,721	$	11,949,008	$	(12,952,082)	$	7,853,944


	December 31, 2017
					Other
	Nabors		Nabors		Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		Guarantors)		Adjustments		Total
	(In thousands)
	ASSETS
Current assets:
Cash and cash equivalents	$	1,091	$	44	$	335,862	$	—	$	336,997
Short-term investments		—		—		28,369		—		28,369
Accounts receivable, net		—		—		698,477		—		698,477
Inventory, net		—		—		166,307		—		166,307
Assets held for sale		—		—		37,052		—		37,052
Other current assets		50		56		180,028		—		180,134
Total current assets		1,141		100		1,446,095		—		1,447,336
Property, plant and equipment, net		—		—		6,109,565		—		6,109,565
Goodwill		—		—		173,226		—		173,226
Intercompany receivables		133,602		481,092		—		(614,694)		—
Investment in consolidated affiliates		2,799,320		5,531,799		3,799,933		(12,131,052)		—
Deferred income taxes		—		333,349		419,003		(333,349)		419,003
Other long-term assets		—		78		324,919		(72,143)		252,854
Total assets	$	2,934,063	$	6,346,418	$	12,272,741	$	(13,151,238)	$	8,401,984

	LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	—	$	—	$	181	$	—	$	181
Trade accounts payable		147		124		363,145		—		363,416
Accrued liabilities		21,100		67,760		444,184		—		533,044
Income taxes payable		—		—		22,835		—		22,835
Total current liabilities		21,247		67,884		830,345		—		919,476
Long-term debt		—		4,099,909		—		(72,143)		4,027,766
Other long-term liabilities		—		16,284		285,349		—		301,633
Deferred income taxes		—		—		343,687		(333,349)		10,338
Intercompany payable		1,000		—		613,694		(614,694)		—
Total liabilities		22,247		4,184,077		2,073,075		(1,020,186)		5,259,213
Redeemable noncontrolling interest in subsidiary		—		—		203,998		—		203,998
Shareholders’ equity		2,911,816		2,162,341		9,968,711		(12,131,052)		2,911,816
Noncontrolling interest		—		—		26,957		—		26,957
Total equity		2,911,816		2,162,341		9,995,668		(12,131,052)		2,938,773
Total liabilities and equity	$	2,934,063	$	6,346,418	$	12,272,741	$	(13,151,238)	$	8,401,984

Condensed Consolidating Statements of Income (Loss)


	Year Ended December 31, 2018
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—	$	3,057,619	$	—	$	3,057,619
Earnings (losses) from unconsolidated affiliates		—		—		1		—		1
Earnings (losses) from consolidated affiliates		(629,060)		218,539		35,279		375,242		—
Investment income (loss)		2		—		2,984		(12,485)		(9,499)
Total revenues and other income		(629,058)		218,539		3,095,883		362,757		3,048,121
Costs and other deductions:
Direct costs		—		—		1,976,974		—		1,976,974
General and administrative expenses		9,725		635		256,145		(683)		265,822
Research and engineering		—		—		56,147		—		56,147
Depreciation and amortization		—		125		866,745		—		866,870
Interest expense, net		—		231,971		(4,847)		—		227,124
Impairments and other charges		—		5,269		139,177		—		144,446
Other, net		1,803		—		27,046		683		29,532
Intercompany interest expense, net		362		—		(362)		—		—
Total costs and other deductions		11,890		238,000		3,317,025		—		3,566,915
Income (loss) from continuing operations before income taxes		(640,948)		(19,461)		(221,142)		362,757		(518,794)
Income tax expense (benefit)		—		(54,740)		134,009		—		79,269
Income (loss) from continuing operations, net of tax		(640,948)		35,279		(355,151)		362,757		(598,063)
Income (loss) from discontinued operations, net of tax		—		—		(14,663)		—		(14,663)
Net income (loss)		(640,948)		35,279		(369,814)		362,757		(612,726)
Less: Net (income) loss attributable to noncontrolling interest		—		—		(28,222)		—		(28,222)
Net income (loss) attributable to Nabors	$	(640,948)	$	35,279	$	(398,036)	$	362,757	$	(640,948)
Less: Preferred stock dividend		(12,305)		—		—		—		(12,305)
Net income (loss) attributable to Nabors common shareholders	$	(653,253)	$	35,279	$	(398,036)	$	362,757	$	(653,253)


	Year Ended December 31, 2017
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)

Revenues and other income:
Operating revenues	$	—	$	—	$	2,564,285	$	—	$	2,564,285
Earnings (losses) from unconsolidated affiliates		—		—		7		—		7
Earnings (losses) from consolidated affiliates		(528,180)		18,380		(343,233)		853,033		—
Investment income (loss)		17		63		13,031		(11,917)		1,194
Total revenues and other income		(528,163)		18,443		2,234,090		841,116		2,565,486
Costs and other deductions:
Direct costs		—		—		1,718,069		—		1,718,069
General and administrative expenses		10,995		715		240,139		(665)		251,184
Research and engineering		—		—		51,069		—		51,069
Depreciation and amortization		—		125		842,818		—		842,943
Interest expense, net		—		232,103		(9,214)		—		222,889
Impairments and other charges		—		—		44,536		—		44,536
Other, net		7,662		19,033		(12,480)		665		14,880
Intercompany interest expense		(9)		—		9		—		—
Total costs and other deductions		18,648		251,976		2,874,946		—		3,145,570
Income (loss) from continuing operations before income taxes		(546,811)		(233,533)		(640,856)		841,116		(580,084)
Income tax expense (benefit)		—		109,700		(192,670)		—		(82,970)
Income (loss) from continuing operations, net of tax		(546,811)		(343,233)		(448,186)		841,116		(497,114)
Income (loss) from discontinued operations, net of tax		—		—		(43,519)		—		(43,519)
Net income (loss)		(546,811)		(343,233)		(491,705)		841,116		(540,633)
Less: Net (income) loss attributable to noncontrolling interest		—		—		(6,178)		—		(6,178)
Net income (loss) attributable to Nabors	$	(546,811)	$	(343,233)	$	(497,883)	$	841,116	$	(546,811)


	Year Ended December 31, 2016
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—	$	2,227,839	$	—	$	2,227,839
Earnings (losses) from unconsolidated affiliates		—		—		(221,914)		—		(221,914)
Earnings (losses) from consolidated affiliates		(1,017,338)		(231,960)		(359,751)		1,609,049		—
Investment income (loss)		2		132		12,972		(11,923)		1,183
Intercompany interest income		—		569		—		(569)		—
Total revenues and other income		(1,017,336)		(231,259)		1,659,146		1,596,557		2,007,108
Costs and other deductions:
Direct costs		—		—		1,344,298		—		1,344,298
General and administrative expenses		10,559		603		217,333		(856)		227,639
Research and engineering		—		—		33,582		—		33,582
Depreciation and amortization		—		124		871,507		—		871,631
Interest expense, net		—		204,010		(18,650)		—		185,360
Impairments and other charges		1,366		—		497,133		—		498,499
Other, net		482		(14)		42,850		856		44,174
Intercompany interest expense, net		(1)		—		570		(569)		—
Total costs and other deductions		12,406		204,723		2,988,623		(569)		3,205,183
Income (loss) from continuing operations before income taxes		(1,029,742)		(435,982)		(1,329,477)		1,597,126		(1,198,075)
Income tax expense (benefit)		—		(76,231)		(110,600)		—		(186,831)
Income (loss) from continuing operations, net of tax		(1,029,742)		(359,751)		(1,218,877)		1,597,126		(1,011,244)
Income (loss) from discontinued operations, net of tax		—		—		(18,363)		—		(18,363)
Net income (loss)		(1,029,742)		(359,751)		(1,237,240)		1,597,126		(1,029,607)
Less: Net (income) loss attributable to noncontrolling interest		—		—		(135)		—		(135)
Net income (loss) attributable to Nabors	$	(1,029,742)	$	(359,751)	$	(1,237,375)	$	1,597,126	$	(1,029,742)
Less: Preferred stock dividend		—		—		—		—		—
Net income (loss) attributable to Nabors common shareholders	$	(1,029,742)	$	(359,751)	$	(1,237,375)	$	1,597,126	$	(1,029,742)

Condensed Consolidating Statements of Comprehensive Income (Loss)


	Year Ended December 31, 2018
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(640,948)	$	35,279	$	(398,036)	$	362,757	$	(640,948)
Other comprehensive income (loss) before tax:
Translation adjustment attributable to Nabors		(31,962)		4		(31,962)		31,958		(31,962)
Pension liability amortization and adjustment		216		216		432		(648)		216
Unrealized gains (losses) and amortization on cash flow hedges		567		567		567		(1,134)		567
Adoption of ASU No. 2016-01		(9,144)		—		(9,144)		9,144		(9,144)
Other comprehensive income (loss) before tax		(40,323)		787		(40,107)		39,320		(40,323)
Income tax expense (benefit) related to items of other comprehensive income (loss)		187		187		374		(561)		187
Other comprehensive income (loss), net of tax		(40,510)		600		(40,481)		39,881		(40,510)
Comprehensive income (loss) attributable to Nabors		(681,458)		35,879		(438,517)		402,638		(681,458)
Net income (loss) attributable to noncontrolling interest		—		—		28,222		—		28,222
Translation adjustment attributable to noncontrolling interest		—		—		(251)		—		(251)
Comprehensive income (loss) attributable to noncontrolling interest		—		—		27,971		—		27,971
Comprehensive income (loss)	$	(681,458)	$	35,879	$	(410,546)	$	402,638	$	(653,487)


	Year Ended December 31, 2017
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(546,811)	$	(343,233)	$	(497,883)	$	841,116	$	(546,811)
Other comprehensive income (loss) before tax:
Translation adjustment attributable to Nabors		28,372		—		28,372		(28,372)		28,372
Unrealized gains (losses) on marketable securities:
Unrealized gains (losses) on marketable securities		(6,061)		—		(6,061)		6,061		(6,061)
Less: reclassification adjustment for (gains) losses included in net income (loss)		970		—		970		(970)		970
Unrealized gains (losses) on marketable securities		(5,091)		—		(5,091)		5,091		(5,091)
Pension liability amortization and adjustment		(275)		(275)		(550)		825		(275)
Unrealized gains (losses) and amortization on cash flow hedges		613		613		613		(1,226)		613
Other comprehensive income (loss) before tax		23,619		338		23,344		(23,682)		23,619
Income tax expense (benefit) related to items of other comprehensive income (loss)		315		315		630		(945)		315
Other comprehensive income (loss), net of tax		23,304		23		22,714		(22,737)		23,304
Comprehensive income (loss) attributable to Nabors		(523,507)		(343,210)		(475,169)		818,379		(523,507)
Net income (loss) attributable to noncontrolling interest		—		—		6,178		—		6,178
Translation adjustment attributable to noncontrolling interest		—		—		282		—		282
Comprehensive income (loss) attributable to noncontrolling interest		—		—		6,460		—		6,460
Comprehensive income (loss)	$	(523,507)	$	(343,210)	$	(468,709)	$	818,379	$	(517,047)


	Year Ended December 31, 2016
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(1,029,742)	$	(359,751)	$	(1,237,375)	$	1,597,126	$	(1,029,742)
Other comprehensive income (loss) before tax
Translation adjustment attributable to Nabors		17,743		(21)		17,743		(17,722)		17,743
Unrealized gains (losses) on marketable securities:
Unrealized gains (losses) on marketable securities		11,054		—		11,054		(11,054)		11,054
Less: reclassification adjustment for (gains) losses included in net income (loss)		3,495		—		3,495		(3,495)		3,495
Unrealized gains (losses) on marketable securities		14,549		—		14,549		(14,549)		14,549
Pension liability amortization and adjustment		1,061		1,061		2,122		(3,183)		1,061
Unrealized gains (losses) and amortization on cash flow hedges		613		613		613		(1,226)		613
Pension buyout		3,059		3,059		6,118		(9,177)		3,059
Other comprehensive income (loss) before tax		37,025		4,712		41,145		(45,857)		37,025
Income tax expense (benefit) related to items of other comprehensive income (loss)		1,551		1,551		3,102		(4,653)		1,551
Other comprehensive income (loss), net of tax		35,474		3,161		38,043		(41,204)		35,474
Comprehensive income (loss) attributable to Nabors		(994,268)		(356,590)		(1,199,332)		1,555,922		(994,268)
Net income (loss) attributable to noncontrolling interest		—		—		135		—		135
Translation adjustment attributable to noncontrolling interest		—		—		251		—		251
Comprehensive income (loss) attributable to noncontrolling interest		—		—		386		—		386
Comprehensive income (loss)	$	(994,268)	$	(356,590)	$	(1,198,946)	$	1,555,922	$	(993,882)

Condensed Consolidating Statements of Cash Flows


	Year Ended December 31, 2018
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net cash provided by (used for) operating activities	$	86,504	$	(208,943)	$	495,709	$	(47,497)	$	325,773
Cash flows from investing activities:
Purchases of investments		—		—		(676)		—		(676)
Sales and maturities of investments		—		—		4,287		—		4,287
Cash paid for acquisitions of businesses, net of cash acquired		—		(20,859)		—		—		(20,859)
Cash paid for investments in consolidated affiliates		(587,500)		—		(206,500)		794,000		—
Capital expenditures		—		—		(458,938)		—		(458,938)
Proceeds from sales of assets and insurance claims		—		—		109,098		—		109,098
Change in intercompany balances		—		502,856		(502,856)		—		—
Net cash provided by (used for) investing activities		(587,500)		481,997		(1,055,585)		794,000		(367,088)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		—		800,000		—		—		800,000
Debt issuance costs		—		(21,277)		—		—		(21,277)
Proceeds from revolving credit facilities		—		1,135,000		—		—		1,135,000
Proceeds from parent contributions		—		206,500		587,500		(794,000)		—
Proceeds from issuance of common shares, net of issuance costs		301,404		—		—		—		301,404
Reduction of long-term debt		—		(878,278)		—		—		(878,278)
Proceeds from (payment for) commercial paper, net		—		(40,000)		—		—		(40,000)
Reduction in revolving credit facilities		—		(1,475,000)		—		—		(1,475,000)
Dividends to common and preferred shareholders		(99,583)		—		—		12,485		(87,098)
Proceeds from (payments for) short-term borrowings		—		—		380		—		380
Proceeds from issuance of preferred stock, net of issuance costs		277,927		—		—		—		277,927
Proceeds from issuance of intercompany debt		45,500		—		(45,500)		—		—
Paydown of intercompany debt		(21,000)		—		21,000		—		—
Distributions to Non-controlling interest		—		—		(5,452)		—		(5,452)
Distribution from subsidiary to parent		—		—		(35,012)		35,012		—
Redeemable noncontrolling interest contribution		—		—		156,935		—		156,935
Other changes		(3,869)		—		(5,043)		—		(8,912)
Net cash (used for) provided by financing activities		500,379		(273,055)		674,808		(746,503)		155,629
Effect of exchange rate changes on cash and cash equivalents		—		—		(5,263)		—		(5,263)
Net increase (decrease) in cash, cash equivalents and restricted cash		(617)		(1)		109,669		—		109,051
Cash, cash equivalents and restricted cash, beginning of period		1,091		44		340,894		—		342,029
Cash, cash equivalents and restricted cash, end of period	$	474	$	43	$	450,563	$	—	$	451,080


	Year Ended December 31, 2017
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net cash provided by (used for) operating activities	$	143,444	$	(90,229)	$	142,527	$	(132,986)	$	62,756
Cash flows from investing activities:
Purchases of investments		—		—		(6,722)		—		(6,722)
Sales and maturities of investments		—		—		13,069		—		13,069
Cash paid for acquisitions of businesses, net of cash acquired		—		—		12,319		—		12,319
Cash paid for investments in consolidated affiliates		(100)		—		(85,960)		86,060		—
Capital expenditures		—		—		(574,467)		—		(574,467)
Proceeds from sale of assets and insurance claims		—		—		57,933		—		57,933
Change in intercompany balances		—		(599,974)		599,974		—		—
Net cash provided by (used for) investing activities		(100)		(599,974)		16,146		86,060		(497,868)
Cash flows from financing activities:
Debt issuance costs		—		(11,043)		—		—		(11,043)
Proceeds from issuance of common shares		8,299		—		1		—		8,300
Reduction in long-term debt		—		(270,269)		(111,545)		—		(381,814)
Reduction in revolving credit facilities		—		(215,000)		—		—		(215,000)
Dividends to shareholders		(80,419)		—		—		11,916		(68,503)
Proceeds from (payments for) commercial paper, net		—		40,000		—		—		40,000
Proceeds from (payments for) issuance of intercompany debt		57,000		20,000		(77,000)		—		—
Purchase of capped call hedge transactions		—		(40,250)		—		—		(40,250)
Proceeds from revolving credit facilities		—		725,000		—		—		725,000
Proceeds from issuance of long-term debt		—		411,200		—		—		411,200
Payments on term loan		—		(162,500)		—		—		(162,500)
Repurchase of common shares		(18,071)		—		—		—		(18,071)
Paydown of intercompany debt		(102,000)		(20,000)		122,000		—		—
Cash proceeds from equity component of exchangeable debt		—		159,952		—		—		159,952
Noncontrolling interest contribution		—		—		20,000		—		20,000
Redeemable noncontrolling interest		—		—		61,123		—		61,123
Distributions to Non-controlling interest		—		—		(7,272)		—		(7,272)
Proceeds from (payments for) short-term borrowings		—		—		(543)		—		(543)
Proceeds from parent contributions		—		42,980		43,080		(86,060)		—
Distribution from subsidiary to parent		—		—		(121,070)		121,070		—
Other changes		(8,210)		—		(189)		—		(8,399)
Net cash (used for) provided by financing activities		(143,401)		680,070		(71,415)		46,926		512,180
Effect of exchange rate changes on cash and cash equivalents		—		—		(29)		—		(29)
Net increase (decrease) in cash, cash equivalents and restricted cash		(57)		(10,133)		87,229		—		77,039
Cash, cash equivalents and restricted cash, beginning of period		1,148		10,177		253,665		—		264,990
Cash, cash equivalents and restricted cash, end of period	$	1,091	$	44	$	340,894	$	—	$	342,029


	Year Ended December 31, 2016
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net cash provided by (used for) operating activities	$	58,406	$	(233,738)	$	757,660	$	(50,423)	$	531,905
Cash flows from investing activities:
Purchases of investments		—		—		(24)		—		(24)
Sales and maturities of investments		—		—		739		—		739
Cash paid for acquisition of businesses, net of cash acquired		—		—		(22,278)		—		(22,278)
Capital expenditures		—		—		(395,455)		—		(395,455)
Proceeds from sales of assets and insurance claims		—		—		34,831		—		34,831
Cash paid for investments in consolidated affiliates		—		(86,459)		(159,000)		245,459		—
Changes in intercompany balances		—		103,384		(103,384)		—		—
Net cash provided by (used for) investing activities		—		16,925		(644,571)		245,459		(382,187)
Cash flows from financing activities:
Proceeds from (payments for) short-term borrowings		—		—		(6,211)		—		(6,211)
Debt issuance costs		—		(11,520)		—		—		(11,520)
Proceeds from (payments for) issuance of common shares		967		—		—		—		967
Reduction in long-term debt		—		(350,000)		(143,612)		—		(493,612)
Proceeds from revolving credit facilities		—		610,000		1,500		—		611,500
Payments on term loan		—		(162,500)		—		—		(162,500)
Dividends to shareholders		(59,866)		—		—		8,942		(50,924)
Proceeds from (payments for) commercial paper, net		—		(8,000)		—		—		(8,000)
Proceeds from issuance of long term debt		—		600,000		—		—		600,000
Reduction in revolving credit facilities		—		(610,000)		(1,500)		—		(611,500)
Repurchase of common shares		—		—		(1,687)		—		(1,687)
Proceeds (issuance) of intercompany debt		45,500		—		(45,500)		—		—
Proceeds from parent contributions		—		159,000		86,458		(245,458)		—
Paydown of intercompany debt		(40,000)		—		40,000		—		—
Payments on parent (Equity of N/P)		—		—		(41,480)		41,480		—
Other		(4,732)		—		3		—		(4,729)
Net cash (used for) provided by financing activities		(58,131)		226,980		(112,029)		(195,036)		(138,216)
Effect of exchange rate changes on cash and cash equivalents		—		—		(2,003)		—		(2,003)
Net increase (decrease) in cash, cash equivalents and restricted cash		275		10,167		(943)		—		9,499
Cash, cash equivalents and restricted cash, beginning of period		873		10		254,608		—		255,491
Cash, cash equivalents and restricted cash, end of period	$	1,148	$	10,177	$	253,665	$	—	$	264,990