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SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]    
Condensed Consolidating Balance Sheets

CONDENSED CONSOLIDATING BALANCE SHEETS (UNAUDITED)

 

September 30, 2019

 

Parent

 

 

Subsidiary

Issuer

 

 

Guarantor

Subsidiaries

 

 

Non-

Guarantor

Subsidiaries

 

 

Eliminations

 

 

Consolidated

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, excluding restricted cash

 

$

 

 

$

 

 

$

42,066

 

 

$

1,449

 

 

$

 

 

$

43,515

 

Restricted cash

 

 

 

 

 

 

 

 

20,580

 

 

 

 

 

 

 

 

 

20,580

 

Other current assets

 

 

 

 

 

3,470

 

 

 

69,812

 

 

 

11,966

 

 

 

 

 

 

85,248

 

Total current assets

 

 

 

 

 

3,470

 

 

 

132,458

 

 

 

13,415

 

 

 

 

 

 

149,343

 

Long-term accounts receivable

 

 

 

 

 

2,906

 

 

 

64,918

 

 

 

10,314

 

 

 

 

 

 

78,138

 

Cemetery and funeral home property and

   equipment

 

 

 

 

 

696

 

 

 

404,948

 

 

 

31,960

 

 

 

 

 

 

437,604

 

Merchandise trusts

 

 

 

 

 

 

 

 

 

 

 

519,529

 

 

 

 

 

 

519,529

 

Perpetual care trusts

 

 

 

 

 

 

 

 

 

 

 

343,028

 

 

 

 

 

 

343,028

 

Deferred selling and obtaining costs

 

 

 

 

 

5,580

 

 

 

90,236

 

 

 

17,785

 

 

 

 

 

 

113,601

 

Intangible assets

 

 

 

 

 

 

 

 

187

 

 

 

56,375

 

 

 

 

 

 

56,562

 

Other assets

 

 

 

 

 

 

 

 

29,939

 

 

 

2,779

 

 

 

 

 

 

32,718

 

Investments in and amounts due from affiliates

   eliminated upon consolidation

 

 

 

 

 

 

 

 

649,920

 

 

 

 

 

 

(649,920

)

 

 

 

Total assets

 

$

 

 

$

12,652

 

 

$

1,372,606

 

 

$

995,185

 

 

$

(649,920

)

 

$

1,730,523

 

Liabilities, Redeemable Convertible Preferred Units and Partners’ Capital (Deficit)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

150

 

 

 

63,418

 

 

 

1,520

 

 

 

 

 

 

65,088

 

Long-term debt, net of deferred financing costs

 

 

 

 

 

 

 

 

362,173

 

 

 

 

 

 

 

 

 

362,173

 

Deferred revenues

 

 

 

 

 

32,926

 

 

 

797,538

 

 

 

113,091

 

 

 

 

 

 

943,555

 

Perpetual care trust corpus

 

 

 

 

 

 

 

 

 

 

 

343,028

 

 

 

 

 

 

343,028

 

Other long-term liabilities

 

 

 

 

 

 

 

 

46,820

 

 

 

16,384

 

 

 

 

 

 

63,204

 

Investments in and amounts due to affiliates

   eliminated upon consolidation

 

 

46,525

 

 

 

259,737

 

 

 

 

 

 

570,954

 

 

 

(877,216

)

 

 

 

Total liabilities

 

 

46,525

 

 

 

292,813

 

 

 

1,269,949

 

 

 

1,044,977

 

 

 

(877,216

)

 

 

1,777,048

 

Redeemable convertible preferred units

 

 

57,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

57,500

 

Partners’ capital (deficit)

 

 

(104,025

)

 

 

(280,161

)

 

 

102,657

 

 

 

(49,792

)

 

 

227,296

 

 

 

(104,025

)

Total liabilities, redeemable convertible preferred units and partners’ capital  (deficit)

 

$

 

 

$

12,652

 

 

$

1,372,606

 

 

$

995,185

 

 

$

(649,920

)

 

$

1,730,523

 

 

CONSOLIDATING BALANCE SHEET

 

December 31, 2018

 

Parent

 

 

Subsidiary

Issuer

 

 

Guarantor

Subsidiaries

 

 

Non-

Guarantor

Subsidiaries

 

 

Eliminations

 

 

Consolidated

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, excluding restricted cash

 

$

 

 

$

 

 

$

16,298

 

 

$

1,849

 

 

$

 

 

$

18,147

 

Restricted cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current assets

 

 

 

 

 

3,718

 

 

 

64,924

 

 

 

11,527

 

 

 

 

 

 

80,169

 

Total current assets

 

 

 

 

 

3,718

 

 

 

81,222

 

 

 

13,376

 

 

 

 

 

 

98,316

 

Long-term accounts receivable

 

 

 

 

 

3,118

 

 

 

71,708

 

 

 

12,322

 

 

 

 

 

 

87,148

 

Cemetery and funeral home property and

   equipment

 

 

 

 

 

806

 

 

 

409,201

 

 

 

33,550

 

 

 

 

 

 

443,557

 

Merchandise trusts

 

 

 

 

 

 

 

 

 

 

 

488,248

 

 

 

 

 

 

488,248

 

Perpetual care trusts

 

 

 

 

 

 

 

 

 

 

 

330,562

 

 

 

 

 

 

330,562

 

Deferred selling and obtaining costs

 

 

 

 

 

5,511

 

 

 

88,705

 

 

 

18,444

 

 

 

 

 

 

112,660

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

25,676

 

 

 

60,607

 

 

 

 

 

 

86,283

 

Other assets

 

 

 

 

 

 

 

 

19,403

 

 

 

2,924

 

 

 

 

 

 

22,327

 

Investments in and amounts due from affiliates

   eliminated upon consolidation

 

 

61,875

 

 

 

(586

)

 

 

539,997

 

 

 

 

 

 

(601,286

)

 

 

 

Total assets

 

$

61,875

 

 

$

12,567

 

 

$

1,235,912

 

 

$

960,033

 

 

$

(601,286

)

 

$

1,669,101

 

Liabilities, Redeemable Convertible Preferred Units and Partners’ Capital (Deficit)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

 

 

$

184

 

 

$

60,216

 

 

$

1,400

 

 

$

 

 

$

61,800

 

Long-term debt, net of deferred financing costs

 

 

68,453

 

 

 

105,160

 

 

 

146,635

 

 

 

 

 

 

 

 

 

320,248

 

Deferred revenues

 

 

 

 

 

32,147

 

 

 

770,337

 

 

 

111,802

 

 

 

 

 

 

914,286

 

Perpetual care trust corpus

 

 

 

 

 

 

 

 

 

 

 

330,562

 

 

 

 

 

 

330,562

 

Other long-term liabilities

 

 

 

 

 

 

 

 

33,553

 

 

 

15,230

 

 

 

 

 

 

48,783

 

Due to affiliates

 

 

 

 

 

 

 

 

173,613

 

 

 

543,543

 

 

 

(717,156

)

 

 

 

Total liabilities

 

 

68,453

 

 

 

137,491

 

 

 

1,184,354

 

 

 

1,002,537

 

 

 

(717,156

)

 

 

1,675,679

 

Redeemable convertible preferred units

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Partners’ capital (deficit)

 

 

(6,578

)

 

 

(124,924

)

 

 

51,556

 

 

 

(42,502

)

 

 

115,870

 

 

 

(6,578

)

Total liabilities, redeemable convertible preferred units and partners’ capital  (deficit)

 

$

61,875

 

 

$

12,567

 

 

$

1,235,910

 

 

$

960,035

 

 

$

(601,286

)

 

$

1,669,101

 

 

CONDENSED CONSOLIDATING BALANCE SHEETS

 

December 31, 2018

 

Parent

 

 

Subsidiary

Issuer

 

 

Guarantor

Subsidiaries

 

 

Non-

Guarantor

Subsidiaries

 

 

Eliminations

 

 

Consolidated

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

 

 

$

 

 

$

16,298

 

 

$

1,849

 

 

$

 

 

$

18,147

 

Assets held for sale

 

 

 

 

 

 

 

 

757

 

 

 

 

 

 

 

 

 

757

 

Other current assets

 

 

 

 

 

3,718

 

 

 

64,167

 

 

 

11,527

 

 

 

 

 

 

79,412

 

Total current assets

 

 

 

 

 

3,718

 

 

 

81,222

 

 

 

13,376

 

 

 

-

 

 

 

98,316

 

Long-term accounts receivable

 

 

 

 

 

3,118

 

 

 

71,708

 

 

 

12,322

 

 

 

 

 

 

87,148

 

Cemetery and funeral home property and

   equipment

 

 

 

 

 

806

 

 

 

409,201

 

 

 

33,550

 

 

 

 

 

 

443,557

 

Merchandise trusts

 

 

 

 

 

 

 

 

 

 

 

488,248

 

 

 

 

 

 

488,248

 

Perpetual care trusts

 

 

 

 

 

 

 

 

 

 

 

330,562

 

 

 

 

 

 

330,562

 

Deferred selling and obtaining costs

 

 

 

 

 

5,511

 

 

 

88,705

 

 

 

18,444

 

 

 

 

 

 

112,660

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

25,676

 

 

 

60,607

 

 

 

 

 

 

86,283

 

Other assets

 

 

 

 

 

 

 

 

19,403

 

 

 

2,924

 

 

 

 

 

 

22,327

 

Investments in and amounts due from affiliates

   eliminated upon consolidation

 

 

61,875

 

 

 

(586

)

 

 

539,997

 

 

 

 

 

 

(601,286

)

 

 

-

 

Total assets

 

$

61,875

 

 

$

12,567

 

 

$

1,235,912

 

 

$

960,033

 

 

$

(601,286

)

 

$

1,669,101

 

Liabilities and Partners’ Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

 

 

$

184

 

 

$

60,216

 

 

$

1,400

 

 

$

 

 

$

61,800

 

Long-term debt, net of deferred financing costs

 

 

68,453

 

 

 

105,160

 

 

 

146,635

 

 

 

 

 

 

 

 

 

320,248

 

Deferred revenues

 

 

 

 

 

32,147

 

 

 

770,337

 

 

 

111,802

 

 

 

 

 

 

914,286

 

Perpetual care trust corpus

 

 

 

 

 

 

 

 

 

 

 

330,562

 

 

 

 

 

 

330,562

 

Other long-term liabilities

 

 

 

 

 

 

 

 

33,553

 

 

 

15,230

 

 

 

 

 

 

48,783

 

Due to affiliates

 

 

 

 

 

 

 

 

173,613

 

 

 

543,543

 

 

 

(717,156

)

 

 

-

 

Total liabilities

 

 

68,453

 

 

 

137,491

 

 

 

1,184,354

 

 

 

1,002,537

 

 

 

(717,156

)

 

 

1,675,679

 

Partners’ capital

 

 

(6,578

)

 

 

(124,924

)

 

 

51,556

 

 

 

(42,502

)

 

 

115,870

 

 

 

(6,578

)

Total liabilities and partners’ capital

 

$

61,875

 

 

$

12,567

 

 

$

1,235,910

 

 

$

960,035

 

 

$

(601,286

)

 

$

1,669,101

 

 

CONDENSED CONSOLIDATING BALANCE SHEETS (continued)

 

December 31, 2017

 

Parent

 

 

Subsidiary

Issuer

 

 

Guarantor

Subsidiaries

 

 

Non-

Guarantor

Subsidiaries

 

 

Eliminations

 

 

Consolidated

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

 

 

$

 

 

$

4,216

 

 

$

2,605

 

 

$

 

 

$

6,821

 

Assets held for sale

 

 

 

 

 

 

 

 

1,016

 

 

 

 

 

 

 

 

 

1,016

 

Other current assets

 

 

 

 

 

3,882

 

 

 

83,901

 

 

 

17,366

 

 

 

 

 

 

105,149

 

Total current assets

 

 

 

 

 

3,882

 

 

 

89,133

 

 

 

19,971

 

 

 

 

 

 

112,986

 

Long-term accounts receivable

 

 

 

 

 

2,179

 

 

 

89,275

 

 

 

14,481

 

 

 

 

 

 

105,935

 

Cemetery and funeral home property and

   equipment

 

 

 

 

 

738

 

 

 

411,936

 

 

 

34,820

 

 

 

 

 

 

447,494

 

Merchandise trusts

 

 

 

 

 

 

 

 

 

 

 

515,456

 

 

 

 

 

 

515,456

 

Perpetual care trusts

 

 

 

 

 

 

 

 

 

 

 

339,928

 

 

 

 

 

 

339,928

 

Deferred selling and obtaining costs

 

 

 

 

 

6,171

 

 

 

98,639

 

 

 

21,588

 

 

 

 

 

 

126,398

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

26,347

 

 

 

61,759

 

 

 

 

 

 

88,106

 

Other assets

 

 

 

 

 

 

 

 

16,995

 

 

 

2,784

 

 

 

 

 

 

19,779

 

Investments in and amounts due from affiliates

   eliminated upon consolidation

 

 

159,946

 

 

 

82,836

 

 

 

556,783

 

 

 

 

 

 

(799,565

)

 

 

-

 

Total assets

 

$

159,946

 

 

$

95,806

 

 

$

1,289,108

 

 

$

1,010,787

 

 

$

(799,565

)

 

$

1,756,082

 

Liabilities and Partners’ Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

 

 

$

72

 

 

$

44,380

 

 

$

1,354

 

 

$

 

 

$

45,806

 

Long-term debt, net of deferred financing costs

 

 

68,250

 

 

 

104,848

 

 

 

144,595

 

 

 

 

 

 

 

 

 

317,693

 

Deferred revenues

 

 

 

 

 

33,469

 

 

 

773,516

 

 

 

105,641

 

 

 

 

 

 

912,626

 

Perpetual care trust corpus

 

 

 

 

 

 

 

 

 

 

 

339,928

 

 

 

 

 

 

339,928

 

Other long-term liabilities

 

 

 

 

 

 

 

 

34,149

 

 

 

14,184

 

 

 

 

 

 

48,333

 

Due to affiliates

 

 

 

 

 

 

 

 

173,098

 

 

 

576,025

 

 

 

(749,123

)

 

 

-

 

Total liabilities

 

 

68,250

 

 

 

138,389

 

 

 

1,169,738

 

 

 

1,037,132

 

 

 

(749,123

)

 

 

1,664,386

 

Partners’ capital

 

 

91,696

 

 

 

(42,583

)

 

 

119,370

 

 

 

(26,345

)

 

 

(50,442

)

 

 

91,696

 

Total liabilities and partners’ capital

 

$

159,946

 

 

$

95,806

 

 

$

1,289,108

 

 

$

1,010,787

 

 

$

(799,565

)

 

$

1,756,082

 

 

Condensed Consolidating Statements of Operations

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (UNAUDITED)

Three Months Ended September 30, 2019

 

Parent

 

 

Subsidiary

Issuer

 

 

Guarantor

Subsidiaries

 

 

Non-

Guarantor

Subsidiaries

 

 

Eliminations

 

 

Consolidated

 

Total revenues

 

$

 

 

$

1,257

 

 

$

61,520

 

 

$

12,154

 

 

$

(1,780

)

 

$

73,151

 

Total costs and expenses

 

 

 

 

 

(3,336

)

 

 

(64,596

)

 

 

(13,440

)

 

 

1,780

 

 

 

(79,592

)

Other loss

 

 

 

 

 

 

 

 

(129

)

 

 

 

 

 

 

 

 

(129

)

Net loss from equity investment in

   subsidiaries

 

 

(42,652

)

 

 

(33,050

)

 

 

 

 

.

 

 

 

75,702

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

(12,486

)

 

 

(279

)

 

 

 

 

 

(12,765

)

Loss on debt extinguishment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss on impairment of goodwill

 

 

 

 

 

 

 

 

(24,206

)

 

 

(656

)

 

 

 

 

 

(24,862

)

Income (loss) from continuing operations

   before income taxes

 

 

(42,652

)

 

 

(35,129

)

 

 

(39,897

)

 

 

(2,221

)

 

 

75,702

 

 

 

(44,197

)

Income tax benefit

 

 

 

 

 

 

 

 

1,545

 

 

 

 

 

 

 

 

 

1,545

 

Net income (loss)

 

$

(42,652

)

 

$

(35,129

)

 

$

(38,352

)

 

$

(2,221

)

 

$

75,702

 

 

$

(42,652

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2018

 

Parent

 

 

Subsidiary

Issuer

 

 

Guarantor

Subsidiaries

 

 

Non-

Guarantor

Subsidiaries

 

 

Eliminations

 

 

Consolidated

 

Total revenues

 

$

 

 

$

1,513

 

 

$

61,254

 

 

$

12,116

 

 

$

(1,698

)

 

 

73,185

 

Total costs and expenses

 

 

 

 

 

(3,192

)

 

 

(68,979

)

 

 

(12,728

)

 

 

1,698

 

 

 

(83,201

)

Other income

 

 

 

 

 

 

 

 

702

 

 

 

 

 

 

 

 

 

702

 

Net loss from equity investment in

   subsidiaries

 

 

(15,867

)

 

 

(13,280

)

 

 

 

 

 

 

 

 

29,147

 

 

 

 

Interest expense

 

 

(1,358

)

 

 

(2,087

)

 

 

(3,935

)

 

 

(258

)

 

 

 

 

 

 

(7,638

)

Income (loss) from continuing operations

   before income taxes

 

 

(17,225

)

 

 

(17,046

)

 

 

(10,958

)

 

 

(870

)

 

 

29,147

 

 

 

(16,952

)

Income tax expense

 

 

 

 

 

 

 

 

(273

)

 

 

 

 

 

 

 

 

(273

)

Net income (loss)

 

$

(17,225

)

 

$

(17,046

)

 

$

(11,231

)

 

$

(870

)

 

$

29,147

 

 

$

(17,225

)

 

 

Nine Months Ended September 30, 2019

 

Parent

 

 

Subsidiary

Issuer

 

 

Guarantor

Subsidiaries

 

 

Non-

Guarantor

Subsidiaries

 

 

Eliminations

 

 

Consolidated

 

Total revenues

 

$

 

 

$

4,260

 

 

$

187,021

 

 

$

36,354

 

 

$

(4,520

)

 

$

223,115

 

Total costs and expenses

 

 

 

 

 

(11,894

)

 

 

(197,511

)

 

 

(40,793

)

 

 

4,520

 

 

 

(245,678

)

Other loss

 

 

 

 

 

 

 

 

(1,475

)

 

 

(2,083

)

 

 

 

 

 

(3,558

)

Net loss from equity investment in

   subsidiaries

 

 

(94,405

)

 

 

(74,333

)

 

 

 

 

 

 

 

 

168,738

 

 

 

 

Interest expense

 

 

(4,241

)

 

 

(5,909

)

 

 

(24,311

)

 

 

(821

)

 

 

 

 

 

(35,282

)

Loss on debt extinguishment

 

 

(938

)

 

 

(1,441

)

 

 

(6,099

)

 

 

 

 

 

 

 

 

(8,478

)

Loss on impairment of goodwill

 

 

 

 

 

 

 

 

(24,206

)

 

 

(656

)

 

 

 

 

 

(24,862

)

Income (loss) from continuing operations

   before income taxes

 

 

(99,584

)

 

 

(89,317

)

 

 

(66,581

)

 

 

(7,999

)

 

 

168,738

 

 

 

(94,743

)

Income tax expense

 

 

 

 

 

 

 

 

(4,841

)

 

 

 

 

 

 

 

 

(4,841

)

Net income (loss)

 

$

(99,584

)

 

$

(89,317

)

 

$

(71,422

)

 

$

(7,999

)

 

$

168,738

 

 

$

(99,584

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2018

 

Parent

 

 

Subsidiary

Issuer

 

 

Guarantor

Subsidiaries

 

 

Non-

Guarantor

Subsidiaries

 

 

Eliminations

 

 

Consolidated

 

Total revenues

 

$

 

 

$

4,563

 

 

$

196,638

 

 

$

38,390

 

 

$

(6,890

)

 

$

232,701

 

Total costs and expenses

 

 

 

 

 

(10,278

)

 

 

(214,804

)

 

 

(41,289

)

 

 

6,890

 

 

 

(259,481

)

Other loss

 

 

 

 

 

 

 

 

(4,503

)

 

 

 

 

 

 

 

 

(4,503

)

Net loss from equity investment in

   subsidiaries

 

 

(48,090

)

 

 

(40,382

)

 

 

 

 

 

 

 

 

88,472

 

 

 

 

Interest expense

 

 

(4,075

)

 

 

(6,261

)

 

 

(11,755

)

 

 

(767

)

 

 

 

 

 

(22,858

)

Income (loss) from continuing operations

   before income taxes

 

 

(52,165

)

 

 

(52,358

)

 

 

(34,424

)

 

 

(3,666

)

 

 

88,472

 

 

 

(54,141

)

Income tax benefit

 

 

 

 

 

 

 

 

1,976

 

 

 

 

 

 

 

 

 

1,976

 

Net income (loss)

 

$

(52,165

)

 

$

(52,358

)

 

$

(32,448

)

 

$

(3,666

)

 

$

88,472

 

 

$

(52,165

)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

 

Year Ended December 31, 2018

 

Parent

 

 

Subsidiary

Issuer

 

 

Guarantor

Subsidiaries

 

 

Non-

Guarantor

Subsidiaries

 

 

Eliminations

 

 

Consolidated

 

Total revenues

 

$

 

 

$

6,382

 

 

$

266,550

 

 

$

52,271

 

 

$

(9,077

)

 

$

316,126

 

Total costs and expenses

 

 

 

 

 

(13,666

)

 

 

(285,578

)

 

 

(58,349

)

 

 

9,077

 

 

 

(348,516

)

Other loss

 

 

 

 

 

(445

)

 

 

(9,510

)

 

 

(1,549

)

 

 

 

 

 

(11,504

)

Net loss from equity investment in

   subsidiaries

 

 

(63,084

)

 

 

(54,573

)

 

 

 

 

 

 

 

 

117,657

 

 

 

 

Interest expense

 

 

(5,434

)

 

 

(8,348

)

 

 

(15,787

)

 

 

(1,033

)

 

 

 

 

 

(30,602

)

Income (loss) from continuing operations

   before income taxes

 

 

(68,518

)

 

 

(70,650

)

 

 

(44,325

)

 

 

(8,660

)

 

 

117,657

 

 

 

(74,496

)

Income tax benefit

 

 

 

 

 

 

 

 

1,797

 

 

 

 

 

 

 

 

 

1,797

 

Net income (loss)

 

$

(68,518

)

 

$

(70,650

)

 

$

(42,528

)

 

$

(8,660

)

 

$

117,657

 

 

$

(72,699

)

 

Year Ended December 31, 2017

 

Parent

 

 

Subsidiary

Issuer

 

 

Guarantor

Subsidiaries

 

 

Non-

Guarantor

Subsidiaries

 

 

Eliminations

 

 

Consolidated

 

Total revenues

 

$

 

 

$

7,788

 

 

$

279,399

 

 

$

58,981

 

 

$

(7,941

)

 

$

338,227

 

Total costs and expenses

 

 

 

 

 

(12,306

)

 

 

(290,850

)

 

 

(53,685

)

 

 

7,941

 

 

 

(348,900

)

Other loss

 

 

 

 

 

 

 

 

(46,761

)

 

 

 

 

 

 

 

 

(46,761

)

Net loss from equity investment in

   subsidiaries

 

 

(69,724

)

 

 

(71,281

)

 

 

 

 

 

 

 

 

141,005

 

 

 

 

Interest expense

 

 

(5,434

)

 

 

(8,348

)

 

 

(12,623

)

 

 

(940

)

 

 

 

 

 

(27,345

)

Income (loss) from continuing operations

   before income taxes

 

 

(75,158

)

 

 

(84,147

)

 

 

(70,835

)

 

 

4,356

 

 

 

141,005

 

 

 

(84,779

)

Income tax benefit

 

 

 

 

 

 

 

 

9,621

 

 

 

 

 

 

 

 

 

9,621

 

Net income (loss)

 

$

(75,158

)

 

$

(84,147

)

 

$

(61,214

)

 

$

4,356

 

 

$

141,005

 

 

$

(75,158

)

 

Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (UNAUDITED)

 

Nine Months Ended September 30, 2019

 

Parent

 

 

Subsidiary

Issuer

 

 

Guarantor

Subsidiaries

 

 

Non-

Guarantor

Subsidiaries

 

 

Eliminations

 

 

Consolidated

 

Net cash used in (provided by) operating activities

 

$

 

 

$

212

 

 

$

(16,712

)

 

$

(105

)

 

$

(10,150

)

 

$

(26,755

)

Cash Flows From Investing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for acquisitions and capital

   expenditures, net of proceeds from

   divestitures and asset sales

 

 

 

 

 

(188

)

 

 

(4,158

)

 

 

(147

)

 

 

 

 

 

(4,493

)

Payments to affiliates

 

 

(57,500

)

 

 

 

 

 

 

 

 

 

 

 

57,500

 

 

 

 

Net cash used in investing activities

 

 

(57,500

)

 

 

(188

)

 

 

(4,158

)

 

 

(147

)

 

 

57,500

 

 

 

(4,493

)

Cash Flows From Financing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash distributions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments from affiliates

 

 

 

 

 

 

 

 

47,350

 

 

 

 

 

 

(47,350

)

 

 

 

Proceeds from issuance of redeemable convertible preferred units, net

 

 

57,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

57,500

 

Net borrowings and repayments of debt

 

 

 

 

 

(24

)

 

 

38,517

 

 

 

(148

)

 

 

 

 

 

38,345

 

Other financing activities

 

 

 

 

 

 

 

 

(18,649

)

 

 

 

 

 

 

 

 

(18,649

)

Net cash provided by (used in) financing activities

 

 

57,500

 

 

 

(24

)

 

 

67,218

 

 

 

(148

)

 

 

(47,350

)

 

 

77,196

 

Net increase (decrease) in cash and cash equivalents and restricted cash

 

 

 

 

 

 

 

 

46,348

 

 

 

(400

)

 

 

 

 

 

45,948

 

Cash and cash equivalents and restricted cash—

   Beginning of period

 

 

 

 

 

 

 

 

16,298

 

 

 

1,849

 

 

 

 

 

 

18,147

 

Cash and cash equivalents and restricted cash—

   End of period

 

$

 

 

$

 

 

$

62,646

 

 

$

1,449

 

 

$

 

 

$

64,095

 

 

Nine Months Ended September 30, 2018

 

Parent

 

 

Subsidiary

Issuer

 

 

Guarantor

Subsidiaries

 

 

Non-

Guarantor

Subsidiaries

 

 

Eliminations

 

 

Consolidated

 

Net cash provided by (used in) operating activities

 

$

 

 

$

363

 

 

$

29,462

 

 

$

(78

)

 

$

(10,336

)

 

$

19,411

 

Cash Flows From Investing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for acquisitions and capital

   expenditures, net of proceeds from

   divestitures and asset sales

 

 

 

 

 

(363

)

 

 

(9,888

)

 

 

(626

)

 

 

 

 

 

(10,877

)

Net cash used in investing activities

 

 

 

 

 

(363

)

 

 

(9,888

)

 

 

(626

)

 

 

 

 

 

(10,877

)

Cash Flows From Financing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash distributions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments to affiliates

 

 

 

 

 

 

 

 

(10,336

)

 

 

 

 

 

10,336

 

 

 

 

Proceeds from issuance of redeemable convertible preferred units, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net borrowings and repayments of debt

 

 

 

 

 

 

 

 

(4,044

)

 

 

 

 

 

 

 

 

(4,044

)

Other financing activities

 

 

 

 

 

 

 

 

(3,268

)

 

 

 

 

 

 

 

 

(3,268

)

Net cash (used in) provided by financing activities

 

 

 

 

 

 

 

 

(17,648

)

 

 

 

 

 

10,336

 

 

 

(7,312

)

Net increase (decrease) in cash and cash equivalents and restricted cash

 

 

 

 

 

 

 

 

1,926

 

 

 

(704

)

 

 

 

 

 

1,222

 

Cash and cash equivalents and restricted cash—Beginning of

   period

 

 

 

 

 

 

 

 

4,216

 

 

 

2,605

 

 

 

 

 

 

6,821

 

Cash and cash equivalents and restricted cash—End of period

 

$

 

 

$

 

 

$

6,142

 

 

$

1,901

 

 

$

 

 

$

8,043

 

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

 

Year Ended December 31, 2018

 

Parent

 

 

Subsidiary

Issuer

 

 

Guarantor

Subsidiaries

 

 

Non-

Guarantor

Subsidiaries

 

 

Eliminations

 

 

Consolidated

 

Net cash provided by operating activities

 

$

 

 

$

370

 

 

$

39,943

 

 

$

(73

)

 

$

(13,783

)

 

$

26,457

 

Cash Flows From Investing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for acquisitions and capital

   expenditures, net of proceeds from

   divestitures and asset sales

 

 

 

 

 

(370

)

 

 

(11,510

)

 

 

(683

)

 

 

 

 

 

(12,563

)

Net cash used in investing activities

 

 

 

 

 

(370

)

 

 

(11,510

)

 

 

(683

)

 

 

 

 

 

(12,563

)

Cash Flows From Financing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash distributions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments to affiliates

 

 

 

 

 

 

 

 

(13,782

)

 

 

 

 

 

13,782

 

 

 

 

Net borrowings and repayments of debt

 

 

 

 

 

 

 

 

1,387

 

 

 

 

 

 

 

 

 

1,387

 

Other financing activities

 

 

 

 

 

 

 

 

(3,955

)

 

 

 

 

 

 

 

 

(3,955

)

Net cash used in financing activities

 

 

-

 

 

 

 

 

 

(16,350

)

 

 

 

 

 

13,782

 

 

 

(2,568

)

Net decrease in cash and cash equivalents

 

 

 

 

 

 

 

 

12,082

 

 

 

(756

)

 

 

 

 

 

11,326

 

Cash and cash equivalents—Beginning of

   period

 

 

 

 

 

 

 

 

4,216

 

 

 

2,605

 

 

 

 

 

 

6,821

 

Cash and cash equivalents—End of period

 

$

 

 

$

 

 

$

16,298

 

 

$

1,849

 

 

$

 

 

$

18,147

 

 

Year Ended December 31, 2017

 

Parent

 

 

Subsidiary

Issuer

 

 

Guarantor

Subsidiaries

 

 

Non-

Guarantor

Subsidiaries

 

 

Eliminations

 

 

Consolidated

 

Net cash provided by operating activities

 

$

24,545

 

 

$

103

 

 

$

28,488

 

 

$

167

 

 

$

(38,327

)

 

$

14,976

 

Cash Flows From Investing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for acquisitions and capital

   expenditures, net of proceeds from

   divestitures and asset sales

 

 

 

 

 

(103

)

 

 

(7,831

)

 

 

(987

)

 

 

 

 

 

(8,921

)

Net cash used in investing activities

 

 

 

 

 

(103

)

 

 

(7,831

)

 

 

(987

)

 

 

 

 

 

(8,921

)

Cash Flows From Financing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash distributions

 

 

(24,545

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(24,545

)

Payments to affiliates

 

 

 

 

 

 

 

 

(38,327

)

 

 

 

 

 

38,327

 

 

 

 

Net borrowings and repayments of debt

 

 

 

 

 

 

 

 

14,341

 

 

 

 

 

 

 

 

 

14,341

 

Other financing activities

 

 

 

 

 

 

 

 

(1,600

)

 

 

 

 

 

 

 

 

(1,600

)

Net cash used in financing activities

 

 

(24,545

)

 

 

 

 

 

(25,586

)

 

 

 

 

 

38,327

 

 

 

(11,804

)

Net decrease in cash and cash equivalents

 

 

 

 

 

 

 

 

(4,929

)

 

 

(820

)

 

 

 

 

 

(5,749

)

Cash and cash equivalents—Beginning of

   period

 

 

 

 

 

 

 

 

9,145

 

 

 

3,425

 

 

 

 

 

 

12,570

 

Cash and cash equivalents—End of period

 

$

 

 

$

 

 

$

4,216

 

 

$

2,605

 

 

$

 

 

$

6,821