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Condensed Consolidating Guarantor Financial Statements (Notes)
9 Months Ended
Sep. 30, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
15.
CONDENSED CONSOLIDATING GUARANTOR FINANCIAL STATEMENTS

Pursuant to the Registration Rights Agreement related to our offering of $300 million of 7.50% senior unsecured notes, as discussed in Note 8, we intend to file a registration statement with the SEC so that holders of the Notes can exchange the Notes and the related guarantees for the Exchange Notes and related guarantees.
Each of the Guarantors is 100% owned by SemGroup Corporation (the "Parent"). Such guarantees of the Notes are full and unconditional and constitute the joint and several obligations of the Guarantors. The guarantees of the Exchange Notes will be full and unconditional and will constitute the joint and several obligations of the Guarantors. There are no significant restrictions upon the ability of the Parent or any of the Guarantors to obtain funds from its respective subsidiaries by dividend or loan. None of the assets of the Guarantors represent restricted net assets pursuant to Rule 4-08(e)(3) of Regulation S-X under the Securities Act.
Unaudited condensed consolidating financial statements for the Parent, the Guarantors and non-guarantors as of September 30, 2013 and December 31, 2012 and for each of the three months and nine months ended September 30, 2013 and 2012 are presented on an equity method basis in the tables below (in thousands).
Intercompany receivable and payable balances, including notes receivable and payable, are capital transactions primarily to facilitate the capital needs of our subsidiaries. As such, subsidiary intercompany balances have been reported as a reduction to equity on the condensed consolidating Guarantor balance sheets. The Parent's net intercompany balance, including note receivable, and investments in subsidiaries have been reported in equity method investments on the condensed consolidating Guarantor balance sheets. Intercompany transactions, such as daily cash management activities, have been reported as financing activities within the condensed consolidating Guarantor statements of cash flows. The Parent's investing activities with subsidiaries, such as the drop down of a 33% interest in SCPL to Rose Rock in the first quarter of 2013 have been reflected as cash flows from investing activities. Quarterly cash distributions from Rose Rock representing a return on capital have been included in the Parent's cash flows from operations. These balances are eliminated through consolidating adjustments below.
Condensed Consolidating Guarantor Balance Sheets
 
 
September 30, 2013
 
 
Parent
 
Guarantors
 
Non-guarantors
 
Consolidating Adjustments
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
9,711

 
$

 
$
58,135

 
$
(3,128
)
 
$
64,718

Restricted cash
 
32,880

 

 
1,302

 

 
34,182

Accounts receivable
 
640

 
11,256

 
356,350

 

 
368,246

Receivable from affiliates
 
752

 
15,189

 
244

 
(3,146
)
 
13,039

Inventories
 

 
1,164

 
45,445

 

 
46,609

Other current assets
 
2,417

 
330

 
12,420

 

 
15,167

Total current assets
 
46,400

 
27,939


473,896


(6,274
)

541,961

Property, plant and equipment
 
4,521

 
318,805

 
733,790

 

 
1,057,116

Equity method investments
 
1,475,019

 
524,300

 
228,076

 
(1,709,246
)
 
518,149

Goodwill
 

 
23,587

 
37,089

 

 
60,676

Other intangible assets
 
32

 
167,834

 
12,031

 

 
179,897

Other noncurrent assets, net
 
19,745

 
1,172

 
11,686

 

 
32,603

Total assets
 
$
1,545,717

 
$
1,063,637


$
1,496,568


$
(1,715,520
)

$
2,390,402

LIABILITIES AND OWNERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
$
104

 
$
44,888

 
$
258,680

 
$

 
$
303,672

Payable to affiliates
 
14

 
121

 
1,967

 

 
2,102

Accrued liabilities
 
14,715

 
8,026

 
58,773

 
(5
)
 
81,509

Payables to pre-petition creditors
 
32,317

 

 
55

 

 
32,372

Deferred revenue
 

 

 
18,835

 

 
18,835

Other current liabilities
 
97

 
714

 
8,309

 

 
9,120

Current portion of long-term debt
 

 

 
26

 

 
26

Total current liabilities
 
47,247

 
53,749

 
346,645

 
(5
)
 
447,636

Long-term debt
 
455,000

 

 
85,043

 

 
540,043

Deferred income taxes
 
976

 

 
52,612

 

 
53,588

Other noncurrent liabilities
 
46,358

 

 
49,060

 

 
95,418

Commitments and contingencies
 


 


 


 


 


Owners’ equity excluding noncontrolling interests in consolidated subsidiaries
 
996,136

 
1,009,888

 
710,848

 
(1,715,515
)
 
1,001,357

Noncontrolling interests in consolidated subsidiaries
 

 

 
252,360

 

 
252,360

Total owners’ equity
 
996,136

 
1,009,888


963,208


(1,715,515
)

1,253,717

Total liabilities and owners’ equity
 
$
1,545,717


$
1,063,637

 
$
1,496,568

 
$
(1,715,520
)
 
$
2,390,402


 
 
December 31, 2012
 
 
Parent
 
Guarantors
 
Non-guarantors
 
Consolidating Adjustments
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
19,123

 
$

 
$
63,844

 
$
(2,938
)
 
$
80,029

Restricted cash
 
33,324

 

 
1,354

 

 
34,678

Accounts receivable
 
1,155

 
7,927

 
337,087

 

 
346,169

Receivable from affiliates
 
827

 
7,222

 
109

 
(1,980
)
 
6,178

Inventories
 

 
181

 
34,252

 

 
34,433

Other current assets
 
2,528

 
312

 
15,676

 

 
18,516

Total current assets
 
56,957

 
15,642


452,322


(4,918
)

520,003

Property, plant and equipment
 
5,399

 
122,899

 
686,426

 

 
814,724

Equity method investments
 
1,104,832

 
468,033

 
138,970

 
(1,324,033
)
 
387,802

Goodwill
 

 

 
9,884

 

 
9,884

Other intangible assets
 
36

 

 
7,549

 

 
7,585

Other noncurrent assets, net
 
3,606

 
1,317

 
3,258

 

 
8,181

Total assets
 
$
1,170,830

 
$
607,891


$
1,298,409


$
(1,328,951
)

$
1,748,179

LIABILITIES AND OWNERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
$
70

 
$
12,304

 
$
241,249

 
$

 
$
253,623

Accrued liabilities
 
8,972

 
4,546

 
50,313

 

 
63,831

Payables to pre-petition creditors
 
32,876

 

 
57

 

 
32,933

Deferred revenue
 

 

 
18,973

 

 
18,973

Other current liabilities
 
134

 
580

 
4,263

 
(17
)
 
4,960

Current portion of long-term debt
 

 

 
24

 

 
24

Total current liabilities
 
42,052

 
17,430

 
314,879

 
(17
)
 
374,344

Long-term debt
 
201,500

 

 
4,562

 

 
206,062

Deferred income taxes
 
2,018

 

 
63,602

 

 
65,620

Other noncurrent liabilities
 
32,866

 

 
47,759

 

 
80,625

Commitments and contingencies
 


 


 


 


 


Owners’ equity excluding noncontrolling interests in consolidated subsidiaries
 
892,394

 
590,461

 
738,473

 
(1,328,934
)
 
892,394

Noncontrolling interests in consolidated subsidiaries
 

 

 
129,134

 

 
129,134

Total owners’ equity
 
892,394

 
590,461


867,607


(1,328,934
)

1,021,528

Total liabilities and owners’ equity
 
$
1,170,830

 
$
607,891


$
1,298,409


$
(1,328,951
)

$
1,748,179



Condensed Consolidating Guarantor Statements of Operations
 
 
Three Months Ended September 30, 2013
 
 
Parent
 
Guarantors
 
Non-guarantors
 
Consolidating Adjustments
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
Product
 
$

 
$
63,623

 
$
231,404

 
$
(6,575
)
 
$
288,452

Service
 

 
1,174

 
35,228

 

 
36,402

Other
 

 

 
32,894

 

 
32,894

Total revenues
 

 
64,797

 
299,526

 
(6,575
)
 
357,748

Expenses:
 
 
 
 
 
 
 
 
 
 
Costs of products sold, exclusive of depreciation and amortization shown below
 

 
47,657

 
214,472

 
(6,575
)
 
255,554

Operating
 

 
5,069

 
47,291

 

 
52,360

General and administrative
 
7,855

 
2,242

 
10,855

 

 
20,952

Depreciation and amortization
 
497

 
4,838

 
10,778

 

 
16,113

Loss (gain) on disposal of long-lived assets, net
 

 
679

 
(271
)
 

 
408

Total expenses
 
8,352

 
60,485

 
283,125

 
(6,575
)
 
345,387

Earnings from equity method investments
 
15,497

 
24,667

 
10,787

 
(43,468
)
 
7,483

Operating income
 
7,145

 
28,979

 
27,188

 
(43,468
)
 
19,844

Other expenses (income):
 
 
 
 
 
 
 
 
 

Interest expense
 
4,029

 
1,314

 
5,136

 
(1,399
)
 
9,080

Foreign currency transaction gain
 

 

 
(457
)
 

 
(457
)
Other expense, net
 
3,383

 
1

 
(112
)
 
1,399

 
4,671

Total other expenses, net
 
7,412

 
1,315

 
4,567

 

 
13,294

Income (loss) from continuing operations before income taxes
 
(267
)
 
27,664

 
22,621

 
(43,468
)
 
6,550

Income tax expense (benefit)
 
4,960

 

 
(1,547
)
 

 
3,413

Income (loss) from continuing operations
 
(5,227
)
 
27,664

 
24,168

 
(43,468
)
 
3,137

Loss from discontinued operations, net of income taxes
 

 

 
(2
)
 

 
(2
)
Net income (loss)
 
(5,227
)
 
27,664

 
24,166

 
(43,468
)
 
3,135

Less: net income attributable to noncontrolling interests
 

 

 
5,054

 

 
5,054

Net income (loss) attributable to SemGroup
 
$
(5,227
)
 
$
27,664

 
$
19,112

 
$
(43,468
)
 
$
(1,919
)
Net income (loss)
 
$
(5,227
)
 
$
27,664

 
$
24,166

 
$
(43,468
)
 
$
3,135

Other comprehensive income (loss), net of income taxes
 
(2,162
)
 

 
8,267

 

 
6,105

Comprehensive income (loss)
 
(7,389
)
 
27,664

 
32,433

 
(43,468
)
 
9,240

Less: comprehensive income attributable to noncontrolling interests
 

 

 
5,054

 

 
5,054

Comprehensive income (loss) attributable to SemGroup
 
$
(7,389
)
 
$
27,664

 
$
27,379

 
$
(43,468
)
 
$
4,186

 
 
Three Months Ended September 30, 2012
 
 
Parent
 
Guarantors
 
Non-guarantors
 
Consolidating Adjustments
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
Product
 
$

 
$
28,781

 
$
182,672

 
$
(2,251
)
 
$
209,202

Service
 

 
282

 
29,518

 

 
29,800

Other
 

 
62

 
38,788

 

 
38,850

Total revenues
 

 
29,125

 
250,978

 
(2,251
)
 
277,852

Expenses:
 
 
 
 
 
 
 
 
 

Costs of products sold, exclusive of depreciation and amortization shown below
 

 
23,483

 
168,598

 
(2,251
)
 
189,830

Operating
 

 
3,055

 
49,312

 

 
52,367

General and administrative
 
3,840

 
2,793

 
10,047

 

 
16,680

Depreciation and amortization
 
628

 
1,649

 
9,804

 

 
12,081

Gain on disposal of long-lived assets, net
 

 
(3
)
 
(3,612
)
 

 
(3,615
)
Total expenses
 
4,468

 
30,977

 
234,149

 
(2,251
)
 
267,343

Earnings from equity method investments
 
14,201

 
20,904

 
10,021

 
(42,010
)
 
3,116

Operating income
 
9,733

 
19,052

 
26,850

 
(42,010
)
 
13,625

Other expenses (income):
 
 
 
 
 
 
 
 
 

Interest expense
 
4,262

 
(2,230
)
 
1,346

 
(1,386
)
 
1,992

Foreign currency transaction loss
 

 

 
355

 

 
355

Other expense (income), net
 
8,152

 
(50
)
 
(134
)
 
1,386

 
9,354

Total other expenses, net
 
12,414

 
(2,280
)
 
1,567

 

 
11,701

Income (loss) from continuing operations before income taxes
 
(2,681
)
 
21,332

 
25,283

 
(42,010
)
 
1,924

Income tax expense
 
96

 

 
1,995

 

 
2,091

Income (loss) from continuing operations
 
(2,777
)
 
21,332

 
23,288

 
(42,010
)
 
(167
)
Loss from discontinued operations, net of income taxes
 

 
(4
)
 
(261
)
 

 
(265
)
Net income (loss)
 
(2,777
)
 
21,328

 
23,027

 
(42,010
)
 
(432
)
Less: net income attributable to noncontrolling interests
 

 

 
2,336

 

 
2,336

Net income (loss) attributable to SemGroup
 
$
(2,777
)
 
$
21,328

 
$
20,691

 
$
(42,010
)
 
$
(2,768
)
Net income (loss)
 
$
(2,777
)
 
$
21,328

 
$
23,027

 
$
(42,010
)
 
$
(432
)
Other comprehensive loss, net of income taxes
 
1,475

 

 
10,597

 

 
12,072

Comprehensive income (loss)
 
(1,302
)
 
21,328

 
33,624

 
(42,010
)
 
11,640

Less: comprehensive income attributable to noncontrolling interests
 

 

 
2,336

 

 
2,336

Comprehensive income (loss) attributable to SemGroup
 
$
(1,302
)
 
$
21,328

 
$
31,288

 
$
(42,010
)
 
$
9,304


 
 
Nine Months Ended September 30, 2013
 
 
Parent
 
Guarantors
 
Non-guarantors
 
Consolidating Adjustments
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
Product
 
$

 
$
146,880

 
$
634,117

 
$
(15,663
)
 
$
765,334

Service
 

 
1,646

 
94,091

 

 
95,737

Other
 

 

 
108,617

 

 
108,617

Total revenues
 

 
148,526

 
836,825

 
(15,663
)
 
969,688

Expenses:
 
 
 
 
 
 
 
 
 

Costs of products sold, exclusive of depreciation and amortization shown below
 

 
108,814

 
587,481

 
(15,663
)
 
680,632

Operating
 

 
13,041

 
149,772

 

 
162,813

General and administrative
 
15,983

 
6,347

 
32,557

 

 
54,887

Depreciation and amortization
 
1,504

 
8,898

 
31,161

 

 
41,563

Loss (gain) on disposal of long-lived assets, net
 

 
682

 
(812
)
 

 
(130
)
Total expenses
 
17,487

 
137,782

 
800,159

 
(15,663
)
 
939,765

Earnings from equity method investments
 
52,432

 
63,011

 
31,886

 
(107,640
)
 
39,689

Operating income
 
34,945

 
73,755

 
68,552

 
(107,640
)
 
69,612

Other expenses (income):
 
 
 
 
 
 
 
 
 

Interest expense
 
1,112

 
3,141

 
15,845

 
(4,127
)
 
15,971

Foreign currency transaction gain
 

 

 
(973
)
 

 
(973
)
Other expense (income), net
 
32,826

 
159

 
(341
)
 
4,127

 
36,771

Total other expenses, net
 
33,938

 
3,300

 
14,531

 

 
51,769

Income from continuing operations before income taxes
 
1,007

 
70,455

 
54,021

 
(107,640
)
 
17,843

Income tax benefit
 
(40,469
)
 

 
(836
)
 

 
(41,305
)
Income from continuing operations
 
41,476

 
70,455

 
54,857

 
(107,640
)
 
59,148

Income (loss) from discontinued operations, net of income taxes
 

 
66

 
(1
)
 

 
65

Net income
 
41,476

 
70,521

 
54,856

 
(107,640
)
 
59,213

Less: net income attributable to noncontrolling interests
 

 

 
14,429

 

 
14,429

Net income attributable to SemGroup
 
$
41,476

 
$
70,521

 
$
40,427

 
$
(107,640
)
 
$
44,784

Net income
 
$
41,476

 
$
70,521

 
$
54,856

 
$
(107,640
)
 
$
59,213

Other comprehensive income (loss), net of income taxes
 
190

 

 
(4,497
)
 

 
(4,307
)
Comprehensive income
 
41,666

 
70,521

 
50,359

 
(107,640
)
 
54,906

Less: comprehensive income attributable to noncontrolling interests
 

 

 
14,429

 

 
14,429

Comprehensive income attributable to SemGroup
 
$
41,666

 
$
70,521

 
$
35,930

 
$
(107,640
)
 
$
40,477


 
 
Nine Months Ended September 30, 2012
 
 
Parent
 
Guarantors
 
Non-guarantors
 
Consolidating Adjustments
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
Product
 
$

 
$
86,158

 
$
629,770

 
$
(7,520
)
 
$
708,408

Service
 

 
951

 
85,776

 

 
86,727

Other
 

 
69

 
126,456

 

 
126,525

Total revenues
 

 
87,178

 
842,002

 
(7,520
)
 
921,660

Expenses:
 
 
 
 
 
 
 
 
 

Costs of products sold, exclusive of depreciation and amortization shown below
 

 
68,874

 
589,929

 
(7,520
)
 
651,283

Operating
 

 
9,255

 
163,495

 

 
172,750

General and administrative
 
16,528

 
6,109

 
30,436

 

 
53,073

Depreciation and amortization
 
1,938

 
4,707

 
29,042

 

 
35,687

Gain on disposal of long-lived assets, net
 

 
(3
)
 
(3,493
)
 

 
(3,496
)
Total expenses
 
18,466

 
88,942

 
809,409

 
(7,520
)
 
909,297

Earnings from equity method investments
 
36,721

 
39,992

 
25,053

 
(78,863
)
 
22,903

Operating income
 
18,255

 
38,228

 
57,646

 
(78,863
)
 
35,266

Other expenses (income):
 
 
 
 
 
 
 
 
 

Interest expense
 
4,064

 
(915
)
 
8,609

 
(3,995
)
 
7,763

Foreign currency transaction loss
 

 

 
358

 

 
358

Other expense (income), net
 
12,902

 
(19
)
 
(95
)
 
3,995

 
16,783

Total other expenses (income), net
 
16,966

 
(934
)
 
8,872

 

 
24,904

Income from continuing operations before income taxes
 
1,289

 
39,162

 
48,774

 
(78,863
)
 
10,362

Income tax expense
 
286

 

 
699

 

 
985

Income from continuing operations
 
1,003

 
39,162

 
48,075

 
(78,863
)
 
9,377

Income (loss) from discontinued operations, net of income taxes
 
3

 
(11
)
 
(448
)
 

 
(456
)
Net income
 
1,006

 
39,151

 
47,627

 
(78,863
)
 
8,921

Less: net income attributable to noncontrolling interests
 

 

 
7,915

 

 
7,915

Net income attributable to SemGroup
 
$
1,006

 
$
39,151

 
$
39,712

 
$
(78,863
)
 
$
1,006

Net income
 
$
1,006

 
$
39,151

 
$
47,627

 
$
(78,863
)
 
$
8,921

Other comprehensive income, net of income taxes
 
984

 

 
13,946

 

 
14,930

Comprehensive income
 
1,990

 
39,151

 
61,573

 
(78,863
)
 
23,851

Less: comprehensive income attributable to noncontrolling interests
 

 

 
7,915

 

 
7,915

Comprehensive income attributable to SemGroup
 
$
1,990

 
$
39,151

 
$
53,658

 
$
(78,863
)
 
$
15,936



Condensed Consolidating Guarantor Statements of Cash Flows
 
 
Nine Months Ended September 30, 2013
 
 
Parent
 
Guarantors
 
Non-guarantors
 
Consolidating Adjustments
 
Consolidated
Net cash provided by operating activities
 
$
19,717

 
$
16,424

 
$
74,197

 
$
(13,819
)
 
$
96,519

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 

Capital expenditures
 
(622
)
 
(65,845
)
 
(65,183
)
 

 
(131,650
)
Proceeds from sale of long-lived assets
 

 
3

 
1,045

 

 
1,048

Proceeds from the sale of interest in SemCrude Pipeline, L.L.C. to Rose Rock Midstream L.P.
 
189,500

 

 

 
(189,500
)
 

Investments in non-consolidated subsidiaries
 
(18,775
)
 
(28,031
)
 
(96,657
)
 

 
(143,463
)
Payments to acquire businesses
 

 
(306,232
)
 
(49,969
)
 

 
(356,201
)
Distributions in excess of equity in earnings of affiliates
 
5,541

 

 
7,550

 

 
13,091

Net cash provided by (used in) investing activities
 
175,644


(400,105
)

(203,214
)

(189,500
)
 
(617,175
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 

Debt issuance costs
 
(9,037
)
 

 
(2,828
)
 

 
(11,865
)
Borrowings on credit facilities
 
575,000

 

 
353,474

 

 
928,474

Principal payments on credit facilities and other obligations
 
(321,500
)
 

 
(272,903
)
 

 
(594,403
)
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs
 

 

 
210,226

 

 
210,226

Distributions to noncontrolling interests
 

 

 
(11,458
)
 

 
(11,458
)
Proceeds from warrant exercises
 
225

 

 

 

 
225

Repurchase of stock-based awards for payment of statutory taxes due on stock-based compensation
 
(371
)
 

 

 

 
(371
)
Dividends paid
 
(16,387
)
 

 

 

 
(16,387
)
Intercompany borrowings (advances), net
 
(432,703
)
 
383,681

 
(154,107
)
 
203,129

 

Net cash provided by (used in) financing activities
 
(204,773
)
 
383,681


122,404


203,129

 
504,441

Effect of exchange rate changes on cash and cash equivalents
 

 

 
904

 

 
904

Change in cash and cash equivalents
 
(9,412
)
 


(5,709
)

(190
)
 
(15,311
)
Cash and cash equivalents at beginning of period
 
19,123

 

 
63,844

 
(2,938
)
 
80,029

Cash and cash equivalents at end of period
 
$
9,711

 
$


$
58,135


$
(3,128
)
 
$
64,718


 
 
Nine Months Ended September 30, 2012
 
 
Parent
 
Guarantors
 
Non-guarantors
 
Consolidating Adjustments
 
Consolidated
Net cash provided by (used in) operating activities
 
$
(4,374
)
 
$
11,105

 
$
58,353

 
$
(13,326
)
 
$
51,758

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
Capital expenditures
 
(1,621
)
 
(41,706
)
 
(38,796
)
 

 
(82,123
)
Proceeds from sale of long-lived assets
 

 
12

 
335

 

 
347

Investments in non-consolidated subsidiaries
 
(1,740
)
 
(62,464
)
 
205

 

 
(63,999
)
Proceeds from the sale of non-consolidated affiliate
 

 

 
3,500

 

 
3,500

Distributions in excess of equity in earnings of affiliates
 
5,062

 

 
5,507

 

 
10,569

Net cash provided by (used in) investing activities
 
1,701

 
(104,158
)

(29,249
)


 
(131,706
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 

Debt issuance costs
 
(455
)
 

 
(239
)
 

 
(694
)
Borrowings on credit facilities
 
184,000

 

 
76,500

 

 
260,500

Principal payments on credit facilities and other obligations
 
(76,500
)
 

 
(102,501
)
 

 
(179,001
)
Distributions to noncontrolling interests
 

 

 
(5,754
)
 

 
(5,754
)
Repurchase of stock-based awards for payment of statutory taxes due on stock-based compensation
 
(242
)
 

 

 

 
(242
)
Intercompany borrowing (advances), net
 
(98,381
)
 
93,053

 
(8,086
)
 
13,414

 

Net cash provided by (used in) financing activities
 
8,422

 
93,053


(40,080
)

13,414

 
74,809

Effect of exchange rate changes on cash and cash equivalents
 

 

 
(977
)
 

 
(977
)
Change in cash and cash equivalents
 
5,749

 


(11,953
)

88

 
(6,116
)
Change in cash and cash equivalents included in discontinued operations
 

 

 
(36
)
 

 
(36
)
Change in cash and cash equivalents from continuing operations
 
5,749

 


(11,989
)

88

 
(6,152
)
Cash and cash equivalents at beginning of period
 
111

 

 
76,264

 
(2,762
)
 
73,613

Cash and cash equivalents at end of period
 
$
5,860

 
$


$
64,275


$
(2,674
)
 
$
67,461