Condensed Consolidating Guarantor Financial Statements (Tables)

3 Months Ended

Mar. 31, 2018

Condensed Consolidating Guarantor Financial Statements [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]

Condensed Consolidating Guarantor Balance Sheets

	March 31, 2018
	Parent		Guarantors		Non-guarantors		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	233,282	$	—	$	57,079	$	(4,863	)	$	285,498
Accounts receivable	57		456,180		79,468		—			535,705
Receivable from affiliates	177		84		676		—			937
Current assets held for sale	—		—		2,501		—			2,501
Inventories	—		81,542		—		—			81,542
Other current assets	4,407		6,423		6,511		—			17,341
Total current assets	237,923		544,229		146,235		(4,863		)	923,524
Property, plant and equipment, net	7,774		1,013,976		2,358,824		—			3,380,574
Equity method investments	3,069,175		873,864		—		(3,663,985		)	279,054
Goodwill	—		—		257,302		—			257,302
Other intangible assets	9		125,733		264,500		—			390,242
Other noncurrent assets, net	47,943		2,866		92,036		—			142,845
Noncurrent assets held for sale	—		—		65,784		—			65,784
Total assets	$	3,362,824	$	2,560,668	$	3,184,681	$	(3,668,848	)	$	5,439,325
LIABILITIES, PREFERRED STOCK AND OWNERS’ EQUITY
Current liabilities:
Accounts payable	$	1,263	$	436,443	$	54,801	$	—		$	492,507
Payable to affiliates	2		2,319		—		—			2,321
Accrued liabilities	24,385		22,877		53,111		—			100,373
Current liabilities held for sale	—		—		2,434		—			2,434
Other current liabilities	14,495		7,562		10,966		—			33,023
Total current liabilities	40,145		469,201		121,312		—			630,658
Long-term debt	1,344,164		6,947		1,406,293		(23,447		)	2,733,957
Deferred income taxes	13,704		—		46,847		—			60,551
Other noncurrent liabilities	2,294		—		35,090		—			37,384
Noncurrent liabilities held for sale	—		—		14,258		—			14,258
Commitments and contingencies
Preferred stock	342,354		—		—		—			342,354
Total owners’ equity	1,620,163		2,084,520		1,560,881		(3,645,401		)	1,620,163
Total liabilities, preferred stock and owners’ equity	$	3,362,824	$	2,560,668	$	3,184,681	$	(3,668,848	)	$	5,439,325

	December 31, 2017
	Parent			Guarantors		Non-guarantors		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	32,457		$	—	$	69,872	$	(8,630	)	$	93,699
Accounts receivable	(9		)	562,967		90,526		—			653,484
Receivable from affiliates	58			1,421		212		—			1,691
Current assets held for sale	—			—		38,063		—			38,063
Inventories	—			101,665		—		—			101,665
Other current assets	6,671			4,493		3,133		—			14,297
Total current assets	39,177			670,546		201,806		(8,630		)	902,899
Property, plant and equipment, net	8,086			1,002,982		2,304,063		—			3,315,131
Equity method investments	3,085,274			964,930		—		(3,764,923		)	285,281
Goodwill	—			—		257,302		—			257,302
Other intangible assets	10			127,783		270,850		—			398,643
Other noncurrent assets, net	45,587			3,097		83,916		—			132,600
Noncurrent assets held for sale	—			—		84,961		—			84,961
Total assets	$	3,178,134		$	2,769,338	$	3,202,898	$	(3,773,553	)	$	5,376,817
LIABILITIES AND OWNERS’ EQUITY
Current liabilities:
Accounts payable	$	646		$	533,651	$	53,601	$	—		$	587,898
Payable to affiliates	10			6,961		—		—			6,971
Accrued liabilities	38,747			26,275		66,387		(2		)	131,407
Current liabilities held for sale	—			—		23,847		—			23,847
Other current liabilities	1,922			5,532		8,984		—			16,438
Total current liabilities	41,325			572,419		152,819		(2		)	766,561
Long-term debt	1,474,491			6,690		1,395,104		(23,190		)	2,853,095
Deferred income taxes	1,892			—		44,693		—			46,585
Other noncurrent liabilities	2,061			—		36,434		—			38,495
Noncurrent liabilities held for sale	—			—		13,716		—			13,716
Commitments and contingencies
Total owners’ equity	1,658,365			2,190,229		1,560,132		(3,750,361		)	1,658,365
Total liabilities and owners’ equity	$	3,178,134		$	2,769,338	$	3,202,898	$	(3,773,553	)	$	5,376,817

Schedule of Condensed Income Statement [Table Text Block]

Condensed Consolidating Guarantor Statements of Operations

	Three Months Ended March 31, 2018
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	479,449		$	31,319		$	—		$	510,768
Service	—			37,510			94,385			—			131,895
Lease	—			—			4,329			—			4,329
Other	—			—			14,617			—			14,617
Total revenues	—			516,959			144,650			—			661,609
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			469,998			26,134			—			496,132
Operating	—			27,931			41,860			—			69,791
General and administrative	6,486			5,990			14,001			—			26,477
Depreciation and amortization	724			18,731			31,081			—			50,536
Loss (gain) on disposal or impairment, net	49,288			(78,729		)	25,875			—			(3,566		)
Total expenses	56,498			443,921			138,951			—			639,370
Earnings from equity method investments	59,446			557			—			(47,389		)	12,614
Operating income	2,948			73,595			5,699			(47,389		)	34,853
Other expenses (income), net:
Interest expense	13,379			10,992			18,330			(240		)	42,461
Foreign currency transaction loss (gain)	4,403			(197		)	(912		)	—			3,294
Other income, net	(735		)	(5		)	(450		)	240			(950		)
Total other expenses, net	17,047			10,790			16,968			—			44,805
Income (loss) before income taxes	(14,099		)	62,805			(11,269		)	(47,389		)	(9,952		)
Income tax expense	18,936			—			4,147			—			23,083
Net income (loss)	(33,035		)	62,805			(15,416		)	(47,389		)	(33,035		)
Other comprehensive income (loss), net of income taxes	(5,612		)	(256		)	24,039			—			18,171
Comprehensive income (loss)	$	(38,647	)	$	62,549		$	8,623		$	(47,389	)	$	(14,864	)

	Three Months Ended March 31, 2017
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	340,788		$	32,573		$	—		$	373,361
Service	—			38,050			30,143			—			68,193
Other	—			—			14,546			—			14,546
Total revenues	—			378,838			77,262			—			456,100
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			321,657			27,341			—			348,998
Operating	—			28,120			23,963			—			52,083
General and administrative	5,930			6,930			8,852			—			21,712
Depreciation and amortization	473			16,830			7,296			—			24,599
Loss on disposal or impairment, net	—			1,982			428			—			2,410
Total expenses	6,403			375,519			67,880			—			449,802
Earnings from equity method investments	19,187			18,566			—			(20,662		)	17,091
Operating income	12,784			21,885			9,382			(20,662		)	23,389
Other expenses (income), net:
Interest expense (income)	5,866			8,820			(626		)	(193		)	13,867
Loss on early extinguishment of debt	19,922			—			—			—			19,922
Other income, net	(197		)	(2		)	(212		)	193			(218		)
Total other expense (income), net	25,591			8,818			(838		)	—			33,571
Income (loss) before income taxes	(12,807		)	13,067			10,220			(20,662		)	(10,182		)
Income tax expense (benefit)	(2,530		)	—			2,625			—			95
Net income (loss)	(10,277		)	13,067			7,595			(20,662		)	(10,277		)
Other comprehensive income (loss), net of income taxes	(3,581		)	(74		)	9,688			—			6,033
Comprehensive income (loss)	$	(13,858	)	$	12,993		$	17,283		$	(20,662	)	$	(4,244	)

Schedule of Condensed Cash Flow Statement [Table Text Block]

	Three Months Ended March 31, 2018
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	(31,162	)	$	50,421		$	64,321		$	—		$	83,580
Cash flows from investing activities:
Capital expenditures	(436		)	(29,872		)	(101,476		)	—			(131,784		)
Proceeds from sale of long-lived assets	—			—			16			—			16
Proceeds from the sale of Mexican asphalt business, net	78,729			—			(14,899		)	—			63,830
Contributions to equity method investments	—			(309		)	—			—			(309		)
Distributions in excess of equity in earnings of affiliates	—			6,545			—			—			6,545
Net cash provided (used in) investing activities	78,293			(23,636		)	(116,359		)	—			(61,702		)
Cash flows from financing activities:
Debt issuance costs	(459		)	—			—			—			(459		)
Principal payments on credit facilities and other obligations	(132,863		)	(8		)	(1,375		)	—			(134,246		)
Proceeds from issuance preferred stock, net of offering costs	342,354			—			—			—			342,354
Repurchase of common stock for payment of statutory taxes due on equity-based compensation	(381		)	—			—			—			(381		)
Dividends paid	(37,230		)	—			—			—			(37,230		)
Proceeds from issuance of common stock under employee stock purchase plan	24			—			—			—			24
Intercompany borrowings (advances), net	(17,751		)	(26,777		)	40,761			3,767			—
Net cash provided by (used in) financing activities	153,694			(26,785		)	39,386			3,767			170,062
Effect of exchange rate changes on cash and cash equivalents	—			—			(141		)	—			(141		)
Change in cash and cash equivalents	200,825			—			(12,793		)	3,767			191,799
Cash and cash equivalents at beginning of period	32,457			—			69,872			(8,630		)	93,699
Cash and cash equivalents at end of period	$	233,282		$	—		$	57,079		$	(4,863	)	$	285,498

	Three Months Ended March 31, 2017
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	(11,492	)	$	34,314		$	5,187		$	—		$	28,009
Cash flows from investing activities:
Capital expenditures	(1,863		)	(13,384		)	(77,001		)	—			(92,248		)
Proceeds from sale of long-lived assets	—			15,191			309			—			15,500
Contributions to equity method investments	—			(2,490		)	—			—			(2,490		)
Distributions in excess of equity in earnings of affiliates	—			4,392			—			—			4,392
Net cash provided by (used in) investing activities	(1,863		)	3,709			(76,692		)	—			(74,846		)
Cash flows from financing activities:
Debt issuance costs	(4,632		)	—			—			—			(4,632		)
Borrowings on credit facilities and issuance of senior notes, net of discount	437,018			—			—			—			437,018
Principal payments on credit facilities and other obligations	(348,272		)	(6		)	—			—			(348,278		)
Debt extinguishment costs	(16,293		)	—			—			—			(16,293		)
Repurchase of common stock for payment of statutory taxes due on equity-based compensation	(1,047		)	—			—			—			(1,047		)
Dividends paid	(29,770		)	—			—			—			(29,770		)
Proceeds from issuance of common stock under employee stock purchase plan	231			—			—			—			231
Intercompany borrowing (advances), net	(34,668		)	(38,017		)	72,548			137			—
Net cash provided by (used in) financing activities	2,567			(38,023		)	72,548			137			37,229
Effect of exchange rate changes on cash and cash equivalents	—			—			1,248			—			1,248
Change in cash and cash equivalents	(10,788		)	—			2,291			137			(8,360		)
Cash and cash equivalents at beginning of period	19,002			—			59,796			(4,582		)	74,216
Cash and cash equivalents at end of period	$	8,214		$	—		$	62,087		$	(4,445	)	$	65,856