Condensed Consolidating Financial Information

12 Months Ended

Dec. 31, 2019

Condensed Consolidating Financial Information

Condensed Consolidating Financial Information

Note 22 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, 2019 and 2018, and statements of income (loss), statements of comprehensive income (loss) and the statements of cash flows for the years ended December 31, 2019, 2018 and 2017 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, 2019
					Other
	Nabors		Nabors		Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		Guarantors)		Adjustments		Total
	(In thousands)
	ASSETS
Current assets:
Cash and cash equivalents	$	319	$	38	$	435,633	$	—	$	435,990
Short-term investments		—		—		16,506		—		16,506
Accounts receivable, net		—		—		453,042		—		453,042
Inventory, net		—		—		176,341		—		176,341
Assets held for sale		—		—		2,530		—		2,530
Other current assets		50		—		164,207		—		164,257
Total current assets		369		38		1,248,259		—		1,248,666
Property, plant and equipment, net		—		—		4,930,549		—		4,930,549
Goodwill		—		—		28,380		—		28,380
Intercompany receivables		51		—		2,611		(2,662)		—
Investment in consolidated affiliates		2,001,607		5,780,656		4,226,017		(12,008,280)		—
Deferred income taxes		—		431,441		305,844		(431,441)		305,844
Other long-term assets		—		99		254,445		(7,325)		247,219
Total assets	$	2,002,027	$	6,212,234	$	10,996,105	$	(12,449,708)	$	6,760,658
	LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	—	$	—	$	—	$	—	$	—
Trade accounts payable		128		1		295,030		—		295,159
Accrued liabilities		8,579		51,701		273,002		—		333,282
Income taxes payable		—		—		14,628		—		14,628
Current lease liabilities		—		—		13,479		—		13,479
Total current liabilities		8,707		51,702		596,139		—		656,548
Long-term debt		—		3,340,545		—		(7,325)		3,333,220
Other long-term liabilities		—		29,331		262,853		—		292,184
Deferred income taxes		—		—		434,590		(431,441)		3,149
Intercompany payable		10,508		231,759		(239,605)		(2,662)		—
Total liabilities		19,215		3,653,337		1,053,977		(441,428)		4,285,101
Redeemable noncontrolling interest in subsidiary		—		—		425,392		—		425,392
Shareholders’ equity		1,982,812		2,558,897		9,449,382		(12,008,280)		1,982,811
Noncontrolling interest		—		—		67,354		—		67,354
Total equity		1,982,812		2,558,897		9,516,736		(12,008,280)		2,050,165
Total liabilities and equity	$	2,002,027	$	6,212,234	$	10,996,105	$	(12,449,708)	$	6,760,658

	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

Condensed Consolidating Statements of Income (Loss)

	Year Ended December 31, 2019
					Other
	Nabors		Nabors		Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		Guarantors)		Adjustments		Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—	$	3,043,383	$	—	$	3,043,383
Earnings (losses) from unconsolidated affiliates		—		—		(5)		—		(5)
Earnings (losses) from consolidated affiliates		(693,450)		285,612		140,474		267,364		—
Investment income (loss)		—		—		12,330		(2,112)		10,218
Total revenues and other income		(693,450)		285,612		3,196,182		265,252		3,053,596
Costs and other deductions:
Direct costs		—		6		1,929,325		—		1,929,331
General and administrative expenses		8,255		673		251,375		(1,572)		258,731
Research and engineering		—		—		50,359		—		50,359
Depreciation and amortization		—		125		875,966		—		876,091
Interest expense, net		—		204,963		(652)		—		204,311
Impairments and other charges		—		—		290,471		—		290,471
Other, net		1,043		(17,277)		47,886		1,572		33,224
Intercompany interest expense, net		137		—		(137)		—		—
Total costs and other deductions		9,435		188,490		3,444,593		—		3,642,518
Income (loss) from continuing operations before income taxes		(702,885)		97,122		(248,411)		265,252		(588,922)
Income tax expense (benefit)		—		(43,352)		134,928		—		91,576
Income (loss) from continuing operations, net of tax		(702,885)		140,474		(383,339)		265,252		(680,498)
Income (loss) from discontinued operations, net of tax		—		—		(12)		—		(12)
Net income (loss)		(702,885)		140,474		(383,351)		265,252		(680,510)
Less: Net (income) loss attributable to noncontrolling interest		—		—		(22,375)		—		(22,375)
Net income (loss) attributable to Nabors	$	(702,885)	$	140,474	$	(405,726)	$	265,252	$	(702,885)
Less: Preferred stock dividend		(17,244)		—		—		—		(17,244)
Net income (loss) attributable to Nabors common shareholders	$	(720,129)	$	140,474	$	(405,726)	$	265,252	$	(720,129)

	Year Ended December 31, 2018
					Other
	Nabors		Nabors		Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		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		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
					Other
	Nabors		Nabors		Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		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, net		(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)
Less: Preferred stock dividend		—		—		—		—		—
Net income (loss) attributable to Nabors common shareholders	$	(546,811)	$	(343,233)	$	(497,883)	$	841,116	$	(546,811)

Condensed Consolidating Statements of Comprehensive Income (Loss)

	Year Ended December 31, 2019
					Other
	Nabors		Nabors		Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(702,885)	$	140,474	$	(405,726)	$	265,252	$	(702,885)
Other comprehensive income (loss) before tax:
Translation adjustment attributable to Nabors		16,943		(3)		16,943		(16,940)		16,943
Pension liability amortization and adjustment		217		217		434		(651)		217
Unrealized gains (losses) and amortization on cash flow hedges		567		567		567		(1,134)		567
Other comprehensive income (loss) before tax		17,727		781		17,944		(18,725)		17,727
Income tax expense (benefit) related to items of other comprehensive income (loss)		190		190		380		(570)		190
Other comprehensive income (loss), net of tax		17,537		591		17,564		(18,155)		17,537
Comprehensive income (loss) attributable to Nabors		(685,348)		141,065		(388,162)		247,097		(685,348)
Net income (loss) attributable to noncontrolling interest		—		—		22,375		—		22,375
Translation adjustment attributable to noncontrolling interest		—		—		55		—		55
Comprehensive income (loss) attributable to noncontrolling interest		—		—		22,430		—		22,430
Comprehensive income (loss)	$	(685,348)	$	141,065	$	(365,732)	$	247,097	$	(662,918)

	Year Ended December 31, 2018
					Other
	Nabors		Nabors		Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		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
					Other
	Nabors		Nabors		Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		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)

Condensed Consolidating Statements of Cash Flows

	Year Ended December 31, 2019
					Other
	Nabors		Nabors		Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		Guarantors)		Adjustments		Total
	(In thousands)
Net cash provided by (used for) operating activities	$	79,910	$	(179,265)	$	848,271	$	(64,358)	$	684,558
Cash flows from investing activities:
Purchases of investments		—		—		(4,323)		—		(4,323)
Sales and maturities of investments		—		—		18,849		—		18,849
Cash paid for acquisitions of businesses, net of cash acquired		—		—		(2,929)		—		(2,929)
Cash paid for investments in consolidated affiliates		—		—		(8,500)		8,500		—
Capital expenditures		—		—		(427,741)		—		(427,741)
Proceeds from sales of assets and insurance claims		—		—		60,288		—		60,288
Change in intercompany balances		—		449,888		(449,888)		—		—
Net cash provided by (used for) investing activities		—		449,888		(814,244)		8,500		(355,856)
Cash flows from financing activities:
Reduction of long-term debt		—		(455,360)		—		—		(455,360)
Debt issuance costs		—		(1,767)		—		—		(1,767)
Proceeds from revolving credit facilities		—		1,050,000		—		—		1,050,000
Reduction in revolving credit facilities		—		(865,000)		—		—		(865,000)
Proceeds from (payments for) short-term borrowings		—		—		(561)		—		(561)
Proceeds from issuance of common shares, net of issuance costs		6		—		(6)		—		—
Dividends to common and preferred shareholders		(54,347)		—		12		4,752		(49,583)
Distributions to noncontrolling interest		—		—		(4,552)		—		(4,552)
Proceeds from issuance of intercompany debt		6,600		—		(6,600)		—		—
Paydown of intercompany debt		(27,700)		(7,000)		34,700		—		—
Proceeds from parent contributions		—		8,500		—		(8,500)		—
Distribution from subsidiary to parent		—		—		(59,606)		59,606		—
Other changes		(4,624)		—		(126)		—		(4,750)
Net cash (used for) provided by financing activities		(80,065)		(270,627)		(36,739)		55,858		(331,573)
Effect of exchange rate changes on cash and cash equivalents		—		—		(6,171)		—		(6,171)
Net increase (decrease) in cash, cash equivalents and restricted cash		(155)		(4)		(8,883)		—		(9,042)
Cash, cash equivalents and restricted cash, beginning of period		474		43		450,563		—		451,080
Cash, cash equivalents and restricted cash, end of period	$	319	$	39	$	441,680	$	—	$	442,038

	Year Ended December 31, 2018
					Other
	Nabors		Nabors		Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		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 sale 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
Reduction in long-term debt		—		(878,278)		—		—		(878,278)
Debt issuance costs		—		(21,277)		—		—		(21,277)
Proceeds from revolving credit facilities		—		1,135,000		—		—		1,135,000
Reduction in revolving credit facilities		—		(1,475,000)		—		—		(1,475,000)
Proceeds from (payments for) commercial paper, net		—		(40,000)		—		—		(40,000)
Proceeds from (payments for) short-term borrowings		—		—		380		—		380
Proceeds from issuance of common shares, net of issuance costs		301,404		—		—		—		301,404
Proceeds from issuance of preferred stock, net of issuance costs		277,927		—		—		—		277,927
Dividends to common and preferred shareholders		(99,583)		—		—		12,485		(87,098)
Redeemable noncontrolling interest		—		—		156,935		—		156,935
Distributions to noncontrolling interest		—		—		(5,452)		—		(5,452)
Proceeds from (payments for) issuance of intercompany debt		45,500		—		(45,500)		—		—
Paydown of intercompany debt		(21,000)		—		21,000		—		—
Proceeds from parent contributions		—		206,500		587,500		(794,000)		—
Distribution from subsidiary to parent		—		—		(35,012)		35,012		—
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
					Other
	Nabors		Nabors		Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		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:
Proceeds from issuance of long-term debt		—		411,200		—		—		411,200
Reduction in long-term debt		—		(270,269)		(111,545)		—		(381,814)
Debt issuance costs		—		(11,043)		—		—		(11,043)
Proceeds from revolving credit facilities		—		725,000		—		—		725,000
Reduction in revolving credit facilities		—		(215,000)		—		—		(215,000)
Proceeds from (payments for) commercial paper, net		—		40,000		—		—		40,000
Cash proceeds (payments) from equity component of exchangeable debt		—		159,952		—		—		159,952
Purchase of capped call hedge transactions		—		(40,250)		—		—		(40,250)
Payments on term loan		—		(162,500)		—		—		(162,500)
Proceeds from (payments for) short-term borrowings		—		—		(543)		—		(543)
Proceeds from issuance of common shares, net of issuance costs		8,299		—		1		—		8,300
Repurchase of common shares		(18,071)		—		—		—		(18,071)
Dividends to common and preferred shareholders		(80,419)		—		—		11,916		(68,503)
Redeemable noncontrolling interest		—		—		61,123		—		61,123
Noncontrolling interest contribution		—		—		20,000		—		20,000
Distributions to noncontrolling interest		—		—		(7,272)		—		(7,272)
Proceeds from (payments for) issuance of intercompany debt		57,000		20,000		(77,000)		—		—
Paydown of intercompany debt		(102,000)		(20,000)		122,000		—		—
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