Subsidiary Guarantor Financial Information

The Senior Notes are jointly, severally and unconditionally guaranteed by all of Molycorp, Inc.'s existing and future domestic material subsidiaries, as defined in the indenture governing the Senior Notes. The Senior Notes guarantee of a guarantor will automatically terminate, and the obligations of such guarantor under the Senior Notes guarantee will be unconditionally released and discharged, upon (all terms as defined in the indenture governing the Senior Notes):


(1)	any sale, exchange, transfer or other disposition of a majority of the capital stock of (including by way of consolidation or merger) such guarantor by Molycorp or any restricted subsidiary to any person or persons, as a result of which such guarantor is no longer a direct or indirect subsidiary of Molycorp;


(2)	any sale, exchange, transfer or other disposition of all or substantially all assets of such guarantor that results in such guarantor having no assets;


(3)	the designation by Molycorp of such guarantor as an unrestricted subsidiary; or


(4)	defeasance or discharge of the Senior Notes;

provided that any such event occurs in accordance with all other applicable provisions of the indenture.

Presented below are the condensed consolidating financial statements of Molycorp, Inc. (“Parent”) as issuer, its combined guarantor subsidiaries and its combined non-guarantor subsidiaries, which are presented as an alternative to providing separate financial statements for the guarantors. The accounts of the Parent, the guarantor and non-guarantor subsidiaries are presented using the equity method of accounting for investments in subsidiaries for purposes of these condensed consolidating financial statements only. Certain of the prior periods separate financial information has been reclassified to conform to the presentation of the most recent period herein disclosed.



	At December 31, 2012
	(in thousands)
Condensed Consolidating Balance Sheets	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Molycorp, Inc. consolidated
	(Revised)
Current assets:
Cash and cash equivalents	$	16,560	$	18,020	$	193,210	$	—		$	227,790
Trade accounts receivable, net	—		7,738		44,692		—			52,430
Inventory	—		49,416		237,960		—			287,376
Deferred charges	—		2,203		7,209		—			9,412
Deferred tax assets	—		—		11,731		(1,942		)	9,789
Income tax receivable	—		25,087		—		—			25,087
Prepaid expenses and other current assets	—		9,085		12,709		—			21,794
Total current assets	16,560		111,549		507,511		(1,942		)	633,678
Non-current assets:
Deposits	1,752		24,862		155		—			26,769
Property, plant and equipment, net	—		1,377,147		167,157		—			1,544,304
Inventory	—		26,096		—		—			26,096
Intangible assets, net	—		508		450,430		—			450,938
Investments	—		45,241		18,795					64,036
Deferred tax assets	6,030		—		—		(6,030		)	—
Goodwill	—		—		239,742		—			239,742
Investments in consolidated subsidiaries	883,319		97,960		—		(981,279		)	—



Intercompany accounts receivable	1,539,877			207,035			794			(1,747,706		)	—
Other non-current assets	—			885			6,087			—			6,972
Total non-current assets	2,430,978			1,779,734			883,160			(2,735,015		)	2,358,857
Total assets	$	2,447,538		$	1,891,283		$	1,390,671		$	(2,736,957	)	$	2,992,535

Current liabilities:
Trade accounts payable	$	—		$	191,769		$	50,225		$	—		$	241,994
Accrued expenses	14,872			10,087			34,054			—			59,013
Income tax payable	—			—			15,267			—			15,267
Deferred tax liabilities	—			1,942			—			(1,942		)	—
Debt and capital lease obligations	—			352			39,252			—			39,604
Other current liabilities	—			3,539			—			—			3,539
Total current liabilities	14,872			207,689			138,798			(1,942		)	359,417
Non-current liabilities:
Asset retirement obligation	—			18,586			—			—			18,586
Deferred tax liabilities	—			23,130			143,575			(6,030		)	160,675
Debt and capital lease obligations	1,166,777			15,163			6,892			—			1,188,832
Derivative liability	—			—			7,816			—			7,816
Pension liabilities	—			—			3,292			—			3,292
Intercompany accounts payable	49,843			1,577,363			120,500			(1,747,706		)	—
Other non-current liabilities	—			1,102			1,557			—			2,659
Total non-current liabilities	1,216,620			1,635,344			283,632			(1,753,736		)	1,381,860
Total liabilities	$	1,231,492		$	1,843,033		$	422,430		$	(1,755,678	)	$	1,741,277

Stockholders’ equity:
Common stock	139			—			—			—			139
Preferred stock	2			—			—			—			2
Additional paid-in capital	1,691,429			149,857			1,283,863			(1,433,720		)	1,691,429
Accumulated other comprehensive loss	(9,433		)	—			(9,433		)	9,433			(9,433		)
(Deficit) retained earnings	(466,091		)	(101,607		)	(341,401		)	443,008			(466,091		)
Total Molycorp stockholders’ equity	1,216,046			48,250			933,029			(981,279		)	1,216,046
Noncontrolling interests	—			—			35,212			—			35,212
Total stockholders’ equity	1,216,046			48,250			968,241			(981,279		)	1,251,258
Total liabilities and stockholders’ equity	$	2,447,538		$	1,891,283		$	1,390,671		$	(2,736,957	)	$	2,992,535



	At December 31, 2011
	(in thousands)
Condensed Consolidating Balance Sheets	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Molycorp, Inc. consolidated
Current assets:
Cash and cash equivalents	$	407,446	$	10,758	$	651	$	—	$	418,855
Trade accounts receivable, net	—		58,619		12,060		—		70,679
Inventory	—		52,246		59,697		—		111,943
Deferred charges	—		7,318		—		—		7,318



Prepaid income taxes	—			10,514		—			—			10,514
Prepaid expenses and other current assets	—			17,845		1,890			—			19,735
Total current assets	407,446			157,300		74,298			—			639,044
Non-current assets:
Deposits	1,751			21,362		173			—			23,286
Property, plant and equipment, net	—			500,612		61,016			—			561,628
Inventory	—			4,362		—			—			4,362
Intangible assets, net	—			573		2,499			—			3,072
Investments	—			20,000		—			—			20,000
Goodwill	—			1,977		1,455			—			3,432
Investments in consolidated subsidiaries	150,510			118,879		—			(269,389		)	—
Intercompany accounts receivable	476,711			25,870		—			(502,581		)	—
Other non-current assets	—			301		—			—			301
Total non-current assets	628,972			693,936		65,143			(771,970		)	616,081
Total assets	$	1,036,418		$	851,236	$	139,441		$	(771,970	)	$	1,255,125

Current liabilities:
Trade accounts payable	$	—		$	139,408	$	22,179		$	—		$	161,587
Accrued expenses	311			11,072		1,515			—			12,898
Deferred tax liabilities	—			1,356		—			—			1,356
Debt	—			—		1,516			—			1,516
Short-term borrowings-related party	—			870		—			—			870
Current portion of asset retirement obligation	—			396		—			—			396
Total current liabilities	311			153,102		25,210			—			178,623
Non-current liabilities:
Asset retirement obligation	—			15,145		—			—			15,145
Deferred tax liabilities	—			18,899		—			—			18,899
Debt	190,877			—		5,668			—			196,545
Intercompany accounts payable	—			489,180		13,401			(502,581		)	—
Other non-current liabilities	—			683		—			—			683
Total non-current liabilities	190,877			523,907		19,069			(502,581		)	231,272
Total liabilities	$	191,188		$	677,009	$	44,279		$	(502,581	)	$	409,895

Stockholders’ equity:
Common stock	84			—		—			—			84
Preferred stock	2			—		—			—			2
Additional paid-in capital	838,547			149,857		91,158			(241,015		)	838,547
Accumulated other comprehensive loss	(8,481		)	—		(8,481		)	8,481			(8,481		)
Retained earnings	15,078			24,370		12,485			(36,855		)	15,078
Total stockholders’ equity	845,230			174,227		95,162			(269,389		)	845,230
Total liabilities and stockholders’ equity	$	1,036,418		$	851,236	$	139,441		$	(771,970	)	$	1,255,125



	Year Ended December 31, 2012
	(in thousands)
Condensed Consolidating Statements of Operations and Comprehensive Income	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Molycorp, Inc. consolidated
	(Revised)
Revenues	$	—		$	139,257		$	415,165		$	(25,512	)	$	528,910
Costs of sales:
Costs excluding depreciation and amortization	—			(153,461		)	(352,706		)	25,512			(480,655		)
Depreciation and amortization	—			(12,094		)	(18,816		)	—			(30,910		)
Gross profit	—			(26,298		)	43,643			—			17,345
Operating expenses:
Selling, general and administrative	46			(86,493		)	(27,222		)	—			(113,669		)
Corporate development	(46		)	(19,750		)	—			—			(19,796		)
Depreciation, amortization and accretion	—			(2,220		)	(19,995		)	—			(22,215		)
Research and development	—			(12,984		)	(14,812		)	—			(27,796		)
Impairment of goodwill and other long-lived assets	—			(5,747		)	(296,008		)	—			(301,755		)
Operating loss	—			(153,492		)	(314,394		)	—			(467,886		)
Other (expense) income:
Other expense	(37,589		)	(328		)	(881		)	—			(38,798		)
Foreign exchange (losses) gains, net	—			—			2,872			—			2,872
Interest income (expense), net	(18,118		)	(3,496		)	(502		)	—			(22,116		)
Interest income (expense) from intercompany notes	25,157			3,152			(28,309		)	—			—
Equity earnings from consolidated subsidiaries	(456,649		)	(23,205		)	—			479,854			—
	(487,199		)	(23,877		)	(26,820		)	479,854			(58,042		)
Loss before income taxes and equity earnings	(487,199		)	(177,369		)	(341,214		)	479,854			(525,928		)
Income tax benefit	6,030			53,840			(5,795		)				54,075
Equity in results of affiliates	—			(2,439		)	(1,051		)				(3,490		)
Net loss	(481,169		)	(125,968		)	(348,060		)	479,854			(475,343		)
Net income attributable to noncontrolling interest	—			—			(5,826		)	—			(5,826		)
Net loss attributable to Molycorp stockholders	$	(481,169	)	$	(125,968	)	$	(353,886	)	$	479,854		$	(481,169	)

Net loss	$	(481,169	)	$	(125,968	)	$	(348,060	)	$	479,854		$	(475,343	)
Other comprehensive income:
Foreign currency translation adjustments	—			—			(952		)				(952		)
Comprehensive loss	$	(481,169	)	$	(125,968	)	$	(349,012	)	$	479,854		$	(476,295	)
Comprehensive loss attributable to:
Molycorp stockholders	(481,169		)	(125,968		)	(343,186		)	479,854			(470,469		)
Noncontrolling interest							(5,826		)				(5,826		)
	$	(481,169	)	$	(125,968	)	$	(349,012	)	$	479,854		$	(476,295	)



	Year Ended December 31, 2011
	(in thousands)
Condensed Consolidating Statements of Operations and Comprehensive Income	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Molycorp, Inc. consolidated
Revenues	$	—		$	365,490		$	100,398		$	(69,057	)	$	396,831
Costs of sales:
Costs excluding depreciation and amortization	—			(158,951		)	(74,457		)	69,057			(164,351		)
Depreciation and amortization	—			(9,411		)	(4,128		)	—			(13,539		)
Gross profit	—			197,128			21,813			—			218,941
Operating expenses:
Selling, general and administrative	(7		)	(48,296		)	(2,454		)	—			(50,757		)
Corporate development	—			(5,912		)	—			—			(5,912		)
Depreciation, amortization and accretion	—			(1,378		)	(310		)	—			(1,688		)
Research and development	—			(7,718		)	—			—			(7,718		)
Operating (loss) income	(7		)	133,824			19,049			—			152,866
Other (expense) income:
Other expense	—			(153		)	—			—			(153		)
Foreign exchange losses, net	—			—			(5,415		)	—			(5,415		)
Interest (expense) income, net	(499		)	248			(137		)	—			(388		)
Interest income (expense) from intercompany notes	424			(296		)	(128		)	—			—
Equity earnings from consolidated subsidiaries	117,608			12,485			—			(130,093		)	—
	117,533			12,284			(5,680		)	(130,093		)	(5,956		)
Income before income taxes	117,526			146,108			13,369			(130,093		)	146,910
Income tax expense	—			(28,500		)	(76		)	—			(28,576		)
Net income	117,526			117,608			13,293			(130,093		)	118,334
Net income attributable to noncontrolling interest	—			—			(808		)	—			(808		)
Net income attributable to Molycorp stockholders	$	117,526		$	117,608		$	12,485		$	(130,093	)	$	117,526

Net income	$	117,526		$	117,608		$	13,293		$	(130,093	)	$	118,334
Other comprehensive income:
Foreign currency translation adjustments	—			—			(8,481		)	—			(8,481		)
Comprehensive income (loss)	$	117,526		$	117,608		$	4,812		$	(130,093	)	$	109,853
Comprehensive income (loss) attributable to:
Molycorp stockholders	117,526			117,608			4,427			(130,093		)	109,468
Noncontrolling interest	—			—			385			—			385
	$	117,526		$	117,608		$	4,812		$	(130,093	)	$	109,853



	Year Ended December 31, 2010
	(in thousands)
Condensed Consolidating Statements of Operations	Parent			Guarantor Subsidiaries			Eliminations		Molycorp, Inc. consolidated
Revenues	$	—		$	35,157		$	—	$	35,157
Costs of sales:
Costs excluding depreciation and amortization	—			(28,797		)	—		(28,797		)
Depreciation and amortization	—			(5,694		)	—		(5,694		)
Gross profit	—			666			—		666
Operating expenses:
Selling, general and administrative	(436		)	(44,739		)	—		(45,175		)
Depreciation, amortization and accretion	—			(1,231		)	—		(1,231		)
Research and development	—			(2,338		)	—		(2,338		)
Impairment of long-lived assets	—			(3,100		)	—		(3,100		)
Operating loss	(436		)	(50,742		)	—		(51,178		)
Other (expense) income:
Other income	—			155			—		155
Interest income, net	249			—			—		249
Equity earnings from consolidated subsidiaries	(50,587		)	—			50,587		—
	$	(50,338	)	$	155		$	50,587	$	404
Net loss	$	(50,774	)	$	(50,587	)	$	50,587	$	(50,774	)



	Year Ended December 31, 2012
	(in thousands)
Condensed Consolidating Statements of Cash Flows	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Molycorp, Inc. consolidated
	(Revised)
Net cash (used in) provided by operating activities	$	(13,207	)	$	(112,386	)	$	35,958		$	—		$	(89,635	)
Cash flows from investing activities:
Cash paid in connection with acquisitions, net of cash acquired	—			—			(591,011		)	—			(591,011		)
Loans to subsidiaries	(683,063		)	—			—			683,063			—
Loans to Parent	—			(37,589		)	—			37,589			—
Intercompany advances made	(1,009,014		)	—			—			1,009,014			—
Repayments from subsidiaries	87,824			—			—			(87,824		)	—
Investment in subsidiaries	(350,000		)	—			—			350,000			—
Notes receivable to non-guarantor	—			(227,512		)	—			227,512			—
Repayments of notes receivable from non-guarantor	—			110,000			—			(110,000		)	—
Investment in joint ventures	—			(27,680		)	(5,364		)	—			(33,044		)
Deposits	—			(3,999		)	—			—			(3,999		)
Capital expenditures	—			(766,951		)	(24,518		)	—			(791,469		)
Acquisition of exploration rights	—			—			(8,167		)	—			(8,167		)
Other investing activities	—			—			4,761			—			4,761
Net cash (used in) provided by investing activities	(1,954,253		)	(953,731		)	(624,299		)	2,109,354			(1,422,929		)
Cash flows provided from financing activities:
Capital contributions from stockholder	390,093			—			—			—			390,093
Capital contributions from Parent	—			—			350,000			(350,000		)	—
Repayments of debt				(870		)	(227,838		)	—			(228,708		)
Net proceeds from sale of common stock	132,130			—			—			—			132,130
Issuance of 10% Senior Secured Notes	635,373			—			—			—			635,373
Issuance of 6.00% Convertible Notes	395,712			—			—			—			395,712
Payments of preferred dividends	(11,385		)	—			—			—			(11,385		)
Dividend paid to noncontrolling interests				—			(5,977		)	—			(5,977		)
Proceeds from debt	—			—			14,699			—			14,699
Borrowings from parent	—			227,512			455,551			(683,063		)	—
Repayments of borrowings to parent	—			(34,327		)	(53,497		)	87,824			—
Borrowing from guarantor	37,589			—			227,512			(265,101		)	—
Repayments of borrowings to guarantor	—			—			(110,000		)	110,000			—
Intercompany advances owed	—			881,179			127,835			(1,009,014		)	—
Other financing activities	(2,938		)	(115		)	1,499			—			(1,554		)
Net cash provided by (used in) financing activities	1,576,574			1,073,379			779,784			(2,109,354		)	1,320,383
Effect of exchange rate changes on cash	—			—			1,116			—			1,116
Net change in cash and cash equivalents	(390,886		)	7,262			192,559			—			(191,065		)
Cash and cash equivalents at beginning of the period	407,446			10,758			651			—			418,855
Cash and cash equivalents at end of period	$	16,560		$	18,020		$	193,210		$	—		$	227,790



	Year Ended December 31, 2011
	(in thousands)
Condensed Consolidating Statements of Cash Flows	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Molycorp, Inc. consolidated
Net cash provided by (used in) operating activities	$	903		$	44,211		$	(2,149	)	$	—		$	42,965
Cash flows from investing activities:
Cash paid in connection with acquisitions, net of cash acquired	—			(30,128		)	105			—			(30,023		)
Cash paid to acquire non-marketable securities	—			(20,000		)	—			—			(20,000		)
Loans to subsidiaries	(49,430		)	—			—			49,430			—
Intercompany advances made	(290,633		)	—			—			290,633			—
Deposits	16,449			(13,552		)	—			—			2,897
Capital expenditures	—			(294,010		)	(8,170		)	—			(302,180		)
Other investing activities	—			16			(100		)	—			(84		)
Net cash provided by (used in) investing activities	(323,614		)	(357,674		)	(8,165		)	340,063			(349,390		)
Cash flows provided from financing activities:
Repayments of short-term borrowings—related party	—			(3,150		)	—			—			(3,150		)
Repayments of debt	—			—			(4,428		)	—			(4,428		)
Net proceeds from sale of preferred stock	199,642			—			—			—			199,642
Net proceeds from sale of Convertible Notes	223,100			—			—			—			223,100
Payments of preferred dividends	(9,015		)	—			—			—			(9,015		)
Proceeds from debt	—			—			5,131			—			5,131
Intercompany advances owed	—			290,001			632			(290,633		)	—
Net borrowings from parent	—			37,370			12,060			(49,430		)	—
Net cash provided by financing activities	413,727			324,221			13,395			(340,063		)	411,280
Effect of exchange rate changes on cash	—			—			(2,430		)	—			(2,430		)
Net change in cash and cash equivalents	91,016			10,758			651			—			102,425
Cash and cash equivalents at beginning of the period	316,430			—			—			—			316,430
Cash and cash equivalents at end of period	$	407,446		$	10,758		$	651		$	—		$	418,855



	Year Ended December 31, 2010
	(in thousands)
Condensed Consolidating Statements of Cash Flows	Parent			Guarantor Subsidiaries			Eliminations			Molycorp, Inc. consolidated
Net cash (used in) provided by operating activities	$	(187	)	$	(28,530	)	$	—		$	(28,717	)
Cash flows from investing activities:
Investment in consolidated subsidiary	(15,000		)	—			15,000			—
Deposits	(18,200		)	(8,000		)	—			(26,200		)
Capital expenditures	—			(33,129		)	—			(33,129		)
Intercompany advances made	(43,931		)	—			43,931			—
Other investing activities	—			(102		)	—			(102		)
Net cash used in investing activities	(77,131		)	(41,231		)	58,931			(59,431		)
Cash flows provided from financing activities:
Capital contributions from original stockholders	15,000			—			—			15,000
Capital contributions from parent company	—			15,000			(15,000		)	—
Repayments of short-term borrowings—related party	—			(1,107		)	—			(1,107		)
Net proceeds from sale of common stock in conjunction with initial public offering	378,633			—			—			378,633
Proceeds from short-term borrowings—related party	—			5,008			—			5,008
Intercompany advances owed	—			43,931			(43,931		)	—
Other financing activities	115			—			—			115
Net cash provided by financing activities	393,748			62,832			(58,931		)	397,649
Net change in cash and cash equivalents	316,430			(6,929		)	—			309,501
Cash and cash equivalents at beginning of the period	—			6,929			—			6,929
Cash and cash equivalents at end of period	$	316,430		$	—		$	—		$	316,430

At December 31, 2012, a cash flow classification error in the previously presented 2011 and 2010 cash flow statements was identified for advances received by Guarantor and Non-Guarantor Subsidiaries from the Parent. To correct the error, the Company determined a change in the presentation of advances received by the Guarantor and Non-Guarantor Subsidiaries was required to present borrowings from the Parent to the Guarantor of $290.0 million in 2011 and $43.9 million in 2010 and from the Parent to the Non-Guarantor Subsidiaries of $0.6 million in 2011 as a financing activity in their cash flow statements, rather than as an investing activity as previously presented to conform to the guidance outlined in ASC 230. This guidance states that proceeds from borrowings should be reflected as a financing activity. The impact of these revisions is not material to the related financial statements taken as a whole. The revised change in presentation to appropriately reflect these borrowings as financing activities in 2011 and 2010 is outlined below.



Guarantor Subsidiaries	As reported			Adjustment			Revised
2011	(In thousands)
Intercompany advances made	$	290,001		$	(290,001	)	—
Net cash used in investing activities	$	(67,673	)	$	(290,001	)	$	(357,674	)
Intercompany advances owed	—			$	290,001		$	290,001
Net cash provided by financing activities	$	34,220		$	290,001		$	324,221

2010	(In thousands)
Intercompany advances made	$	43,931		$	(43,931	)	—
Net cash used in investing activities	$	2,700		$	(43,931	)	$	(41,231	)
Intercompany advances owed	—			$	43,931		$	43,931
Net cash provided by financing activities	$	18,901		$	43,931		$	62,832

Non-Guarantor Subsidiaries	As reported			Adjustment			Revised
2011	(In thousands)
Intercompany advances made	$	632		$	(632	)	—
Net cash used in investing activities	$	(7,533	)	$	(632	)	$	(8,165	)
Intercompany advances owed	$	—		$	632		632
Net cash provided by financing activities	$	12,763		$	632		$	13,395

2010
Net cash used in investing activities	—			—			—
Net cash provided by financing activities	—			—			—

The Company will revise the September 30, 2012 unaudited condensed consolidated financial statements to reflect the revisions discussed above in the Quarterly Report to be filed on Form 10-Q for the quarter ended September 30, 2013.

In this Form 10-K/A, the Company corrected a classification error for the year ended December 31, 2012 between Parent and Guarantor Subsidiaries related to the loss of $37.6 million recognized upon settlement on June 11, 2012 of the contingent forward contract the Company entered into in connection with the Molycorp Canada acquisition. See Note 25 for further details on this contingent forward contract. In the original Form 10-K filed on March 18, 2013, the loss of $37.6 million was presented under the Guarantor Subsidiaries because the cash to settle the loss was wired from a bank account of Molycorp Minerals LLC, which is one of the Guarantor Subsidiaries. However, since the cash to settle the contingent forward contract was actually funded by Molycorp, Inc., or Parent, through an intercompany transaction, and Parent was the party that signed the contingent forward contract, the loss should be presented under Parent. The correction of this classification error also had an impact on the presentation of the income tax benefit, deferred taxes, income tax payable and cash flows from operating, investing and financing activities within the subsidiary guarantor financial information. The impact of these revisions is not material to the Company's financial statements taken as a whole. The tables below illustrate the changes in the presentation of the subsidiary guarantor financial information in 2012 to correctly reflect the forward contract loss between Parent and Guarantor Subsidiaries, as well as to reflect the revision of the consolidated financial statements in connection with the final allocation of the consideration transferred to the net assets of Molycorp Canada.



Parent	As reported			Adjustment			Revised
	(In thousands)
Year ended December 31, 2012
Other expense	$	—		$	(37,589	)	$	(37,589	)
Income tax (expense) benefit	$	(8,630	)	$	14,660		$	6,030
Equity earnings from consolidated subsidiaries	$	(447,963	)	$	(8,686	)	$	(456,649	)
Net loss	$	(449,554	)	$	(31,615	)	$	(481,169	)

Net cash provided by (used in) operating activities	$	24,382		$	(37,589	)	$	(13,207	)
Borrowing from guarantor	$	—		$	37,589		$	37,589
Net cash provided by financing activities	$	1,538,985		$	37,589		$	1,576,574

At December 31, 2012
Deferred tax assets (non-current)	$	—		$	6,030		$	6,030
Investments in consolidated subsidiaries	$	891,625		$	(8,306	)	$	883,319
Intercompany accounts receivable	$	1,567,255		$	(27,378	)	$	1,539,877
Total assets	$	2,477,192		$	(29,654	)	$	2,447,538
Income tax payable	$	2,746		$	(2,746	)	$	—
Total current liabilities	$	17,618		$	(2,746	)	$	14,872
Deferred tax liabilities (non-current)	$	5,884		$	(5,884	)	$	—
Total liabilities	$	1,240,122		$	(8,630	)	$	1,231,492
Additional paid-in capital	$	1,680,838		$	10,591		$	1,691,429
Deficit	$	(434,476	)	$	(31,615	)	$	(466,091	)
Total stockholders' equity	$	1,237,070		$	(21,024	)	$	1,216,046

Guarantor Subsidiaries	As reported			Adjustment			Revised
	(In thousands)
Year ended December 31, 2012
Other expense	$	(37,917	)	$	37,589		$	(328	)
Income tax benefit (expense)	$	68,500		$	(14,660	)	$	53,840
Net (loss) income	$	(148,897	)	$	22,929		$	(125,968	)

Net cash (used in) provided by operating activities	$	(149,975	)	$	37,589		$	(112,386	)
Loans to parent	$	—		$	(37,589	)	$	(37,589	)
Net cash used in investing activities	$	(916,142	)	$	(37,589	)	$	(953,731	)

At December 31, 2012
Intercompany accounts receivable	$	169,446		$	37,589		$	207,035
Total assets	$	1,853,694		$	37,589		$	1,891,283
Deferred tax liabilities (non-current)	$	8,470		$	14,660		$	23,130
Total liabilities	$	1,828,373		$	14,660		$	1,843,033
Deficit	$	(124,536	)	$	22,929		$	(101,607	)
Total stockholders' equity	$	25,321		$	22,929		$	48,250