17. Subsidiary Guarantors

The 2022 Notes and the 2023 Notes are guaranteed on a senior unsecured basis by the Company and by all of JEH’s current subsidiaries (except Jones Energy Finance Corp. and two immaterial subsidiaries) and certain future subsidiaries, including any future subsidiaries that guarantee any indebtedness under the Revolver. Each subsidiary guarantor is 100% owned by JEH, and all guarantees are full and unconditional, subject to customary exceptions pursuant to the indentures governing our 2022 Notes and 2023 Notes, as discussed below, and joint and several with all other subsidiary guarantees and the parent guarantee. Any subsidiaries of JEH other than the subsidiary guarantors and Jones Energy Finance Corp. are immaterial.

As of December 31, 2016, the 2022 Notes and the 2023 Notes were guaranteed on a senior unsecured basis by the Company and by all of its significant subsidiaries, other than Nosley SCOOP, LLC and Nosley Acquisition, LLC. These subsidiaries have since become guarantors during the first quarter of 2017 and are therefore presented accordingly in the accompanying condensed consolidated guarantor financial information.

Guarantees of the 2022 Notes and 2023 Notes will be released under certain circumstances, including (i) in connection with any sale or other disposition of (a) all or substantially all of the properties or assets of a guarantor (including by way of merger or consolidation) or (b) all of the capital stock of such guarantor, in each case, to a person that is not the Company or a restricted subsidiary of the Company, (ii) if the Company designates any restricted subsidiary that is a guarantor as an unrestricted subsidiary, (iii) upon legal defeasance, covenant defeasance or satisfaction and discharge of the applicable indenture, or (iv) at such time as such guarantor ceases to guarantee any other indebtedness of the Company or any other guarantor.

The Company is a holding company whose sole material asset is an equity interest in JEH. The Company is the sole managing member of JEH and is responsible for all operational, management and administrative decisions related to JEH’s business. In accordance with JEH’s limited liability company agreement, the Company may not be removed as the sole managing member of JEH.

As of September 30, 2017, the Company held 74,353,789 JEH Units and all of the preferred units representing membership interests in JEH, and the remaining 23,718,779 JEH Units are held by the Class B shareholders. The Class B shareholders have no voting rights with respect to their economic interest in JEH.

The Company has two classes of common stock, Class A common stock, which was sold to investors in the IPO, and Class B common stock, and one series of preferred stock, Series A preferred stock. Pursuant to the Company’s certificate of incorporation, each share of Class A common stock is entitled to one vote per share, and the shares of Class A common stock are entitled to 100% of the economic interests in the Company. Each share of Class B common stock has no economic rights in the Company, but entitles its holder to one vote on all matters to be voted on by the Company’s stockholders generally. Except as required by law or the Company’s certificate of incorporation, which includes the certificate of designations for the Series A preferred stock, the holders of Series A preferred stock have no voting rights (other than with respect to certain matters regarding the Series A preferred stock or when dividends payable on the Series A preferred stock have not been paid for an aggregate of six quarterly dividend periods, or more, whether or not consecutive, as provided in the certificate of designations for the Series A preferred stock).

In connection with a reorganization that occurred immediately prior to the IPO, each Existing Owner was issued a number of shares of Class B common stock that was equal to the number of JEH Units that such Class B shareholders held. Holders of the Company’s Class A common stock and Class B common stock generally vote together as a single class on all matters presented to the Company’s stockholders for their vote or approval. Accordingly, the Class B shareholders collectively have a number of votes in the Company equal to the aggregate number of JEH Units that they hold.

The Class B shareholders have the right, pursuant to the terms of an exchange agreement by and among the Company, JEH and each of the Class B shareholders (the “Exchange Agreement”), to exchange their JEH Units (together with a corresponding number of shares of Class B common stock) for shares of Class A common stock on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications and other similar transactions. As a result, the Company expects that over time the Company will have an increasing economic interest in JEH as Class B common stock and JEH Units are exchanged for Class A common stock. Moreover, any transfers of JEH Units outside of the Exchange Agreement (other than permitted transfers to affiliates) must be approved by the Company. The Company intends to retain full voting and management control over JEH.

During the preparation of the condensed consolidating financial information of Jones Energy, Inc. and Subsidiaries in the second quarter of 2017, it was determined that the Issuer Investment in subsidiaries and the related Eliminations at December 31, 2016 as filed in the Company’s 2016 Form 10-K were improperly calculated and understated by $453.2 million. Additionally, it was determined that the Guarantor Subsidiaries Intercompany payable balances and the related Eliminations and the Issuer Intercompany receivable and the related Eliminations at December 31, 2016 as filed in the Company’s 2016 Form 10-K were improperly calculated and overstated by $453.2 million and $80.0 million, respectively. In addition, it was determined that the Issuer Equity interest in income (loss) and the related Eliminations for the three and nine months period ended September 30, 2016 as filed in the Company’s third quarter 2016 Form 10-Q were improperly calculated and understated by $13.2 million and $19.1 million, respectively. Lastly, it was determined that the Issuer Adjustments to reconcile net income (loss) to net cash provided by operating activities and the related Eliminations for the nine months period ended September 30, 2016 as filed in the Company’s third quarter 2016 Form 10-Q was improperly calculated and overstated by $19.1 million.

The errors, which the Company has determined are not material to this disclosure, had no impact on the total assets of the Parent or the Guarantor Subsidiaries and are eliminated upon consolidation, and therefore have no impact on the Company’s consolidated financial condition, results of operations or cash flows.

The Company has revised the Condensed Consolidating Balance Sheets for the Issuer, Guarantor Subsidiaries and Eliminations as of December 31, 2016, the Condensed Consolidating Income Statements for the Issuer and Eliminations for the three and nine months period ended September 30, 2016 and the Condensed Consolidating Statement of Cash Flows for the nine months ended September 30, 2016 to correct for these errors.

Jones Energy, Inc.

Condensed Consolidating Balance Sheet

September 30, 2017


					Guarantor		Non-Guarantor
(in thousands of dollars)	JEI (Parent)		Issuers		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Assets
Current assets
Cash	$	3,254	$	35	$	2,169	$	20	$	—	$	5,478
Accounts receivable, net
Oil and gas sales		—		—		29,136		—		—		29,136
Joint interest owners		—		—		17,533		—		—		17,533
Other		—		2,162		1,708		—		—		3,870
Commodity derivative assets		—		7,590		—		—		—		7,590
Other current assets		3,128		431		6,832		—		—		10,391
Intercompany receivable		199,444		1,104,136		—		—		(1,303,580)		—
Total current assets		205,826		1,114,354		57,378		20		(1,303,580)		73,998
Oil and gas properties, net, at cost under the successful efforts method		—		—		1,578,739		—		—		1,578,739
Other property, plant and equipment, net		—		—		2,015		550		—		2,565
Commodity derivative assets		—		1,608		—		—		—		1,608
Other assets		—		3,707		961		—		—		4,668
Investment in subsidiaries		292,368		298,896		—		—		(591,264)		—
Total assets	$	498,194	$	1,418,565	$	1,639,093	$	570	$	(1,894,844)	$	1,661,578
Liabilities and Stockholders’ Equity
Current liabilities
Trade accounts payable	$	—	$	59	$	67,491	$	—	$	—	$	67,550
Oil and gas sales payable		—		—		21,510		—		—		21,510
Accrued liabilities		33		14,593		9,845		1		—		24,472
Commodity derivative liabilities		—		15,696		—		—		—		15,696
Other current liabilities		639		1,985		600		—		—		3,224
Intercompany payable		—		—		1,300,579		3,001		(1,303,580)		—
Total current liabilities		672		32,333		1,400,025		3,002		(1,303,580)		132,452
Long-term debt		—		698,740		—		—		—		698,740
Deferred revenue		—		5,632		—		—		—		5,632
Commodity derivative liabilities		—		5,355		—		—		—		5,355
Asset retirement obligations		—		—		19,239		—		—		19,239
Liability under tax receivable agreement		55,096		—		—		—		—		55,096
Other liabilities		—		310		700		—		—		1,010
Deferred tax liabilities		—		2,732		—		—		—		2,732
Total liabilities		55,768		745,102		1,419,964		3,002		(1,303,580)		920,256
Mezzanine equity
Series A preferred stock, $0.001 par value; 1,839,995 shares issued and outstanding at September 30, 2017		89,413		—		—		—		—		89,413
Stockholders’/ members' equity (deficit)
Members' equity		—		673,463		219,129		(2,432)		(890,160)		—
Class A common stock, $0.001 par value; 74,376,391 shares issued and 74,353,789 shares outstanding at September 30, 2017		74		—		—		—		—		74
Class B common stock, $0.001 par value; 23,718,779 shares issued and outstanding at September 30, 2017		24		—		—		—		—		24
Treasury stock, at cost: 22,602 shares at September 30, 2017		(358)		—		—		—		—		(358)
Additional paid-in-capital		534,499		—		—		—		—		534,499
Retained earnings (deficit)		(181,226)		—		—		—		—		(181,226)
Stockholders' equity (deficit)		353,013		673,463		219,129		(2,432)		(890,160)		353,013
Non-controlling interest		—		—		—		—		298,896		298,896
Total stockholders’ equity		353,013		673,463		219,129		(2,432)		(591,264)		651,909
Total liabilities and stockholders’ equity	$	498,194	$	1,418,565	$	1,639,093	$	570	$	(1,894,844)	$	1,661,578

Jones Energy, Inc.

Condensed Consolidating Balance Sheet

December 31, 2016


					Guarantor		Non-Guarantor
(in thousands of dollars)	JEI (Parent)		Issuers		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Assets
Current assets
Cash	$	27,164	$	1,975	$	5,483	$	20	$	—	$	34,642
Accounts receivable, net
Oil and gas sales		—		—		26,568		—		—		26,568
Joint interest owners		—		—		5,267		—		—		5,267
Other		—		5,434		627		—		—		6,061
Commodity derivative assets		—		24,100		—		—		—		24,100
Other current assets		—		422		2,262		—		—		2,684
Intercompany receivable		15,666		1,100,834		—		—		(1,116,500)		—
Total current assets		42,830		1,132,765		40,207		20		(1,116,500)		99,322
Oil and gas properties, net, at cost under the successful efforts method		—		—		1,743,588		—		—		1,743,588
Other property, plant and equipment, net		—		—		2,378		618		—		2,996
Commodity derivative assets		—		34,744		—		—		—		34,744
Other assets		—		5,265		785		—		—		6,050
Investment in subsidiaries		531,363		453,237		—		—		(984,600)		—
Total assets	$	574,193	$	1,626,011	$	1,786,958	$	638	$	(2,101,100)	$	1,886,700
Liabilities and Stockholders’ Equity
Current liabilities
Trade accounts payable	$	—	$	13	$	36,514	$	—	$	—	$	36,527
Oil and gas sales payable		—		—		28,339		—		—		28,339
Accrued liabilities		3,874		11,227		10,597		9		—		25,707
Commodity derivative liabilities		—		14,650		—		—		—		14,650
Other current liabilities		—		1,984		600		—		—		2,584
Intercompany payable		—		—		1,113,704		2,796		(1,116,500)		—
Total current liabilities		3,874		27,874		1,189,754		2,805		(1,116,500)		107,807
Long-term debt		—		724,009		—		—		—		724,009
Deferred revenue		—		7,049		—		—		—		7,049
Commodity derivative liabilities		—		1,209		—		—		—		1,209
Asset retirement obligations		—		—		19,458		—		—		19,458
Liability under tax receivable agreement		43,045		—		—		—		—		43,045
Other liabilities		—		269		523		—		—		792
Deferred tax liabilities		85		2,820		—		—		—		2,905
Total liabilities		47,004		763,230		1,209,735		2,805		(1,116,500)		906,274
Mezzanine equity
Series A preferred stock, $0.001 par value; 1,840,000 shares issued and outstanding at December 31, 2016		88,975		—		—		—		—		88,975
Stockholders’/ members' equity (deficit)
Members' equity		—		862,781		577,223		(2,167)		(1,437,837)		—
Class A common stock, $0.001 par value; 57,048,076 shares issued and 57,025,474 shares outstanding at December 31, 2016		57		—		—		—		—		57
Class B common stock, $0.001 par value; 29,832,098 shares issued and outstanding at December 31, 2016		30		—		—		—		—		30
Treasury stock, at cost: 22,602 shares at December 31, 2016		(358)		—		—		—		—		(358)
Additional paid-in-capital		447,137		—		—		—		—		447,137
Retained earnings (deficit)		(8,652)		—		—		—		—		(8,652)
Stockholders' equity (deficit)		438,214		862,781		577,223		(2,167)		(1,437,837)		438,214
Non-controlling interest		—		—		—		—		453,237		453,237
Total stockholders’ equity		438,214		862,781		577,223		(2,167)		(984,600)		891,451
Total liabilities and stockholders’ equity	$	574,193	$	1,626,011	$	1,786,958	$	638	$	(2,101,100)	$	1,886,700

Jones Energy, Inc.

Condensed Consolidating Statement of Operations

Three Months Ended September 30, 2017


					Guarantor		Non-Guarantor
(in thousands of dollars)	JEI (Parent)		Issuers		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Operating revenues
Oil and gas sales	$	—	$	—	$	43,636	$	—	$	—	$	43,636
Other revenues		—		475		91		—		—		566
Total operating revenues		—		475		43,727		—		—		44,202
Operating costs and expenses
Lease operating		—		—		9,458		—		—		9,458
Production and ad valorem taxes		—		—		2,757		—		—		2,757
Exploration		—		—		1,969		—		—		1,969
Depletion, depreciation and amortization		—		—		46,330		23		—		46,353
Impairment of oil and gas properties		—		—		—		—		—		—
Accretion of ARO liability		—		—		253		—		—		253
General and administrative		—		3,044		4,705		70		—		7,819
Total operating expenses		—		3,044		65,472		93		—		68,609
Operating income (loss)		—		(2,569)		(21,745)		(93)		—		(24,407)
Other income (expense)
Interest expense		—		(12,917)		100		—		—		(12,817)
Net gain (loss) on commodity derivatives		—		(32,539)		—		—		—		(32,539)
Other income (expense)		(12,417)		(25)		(1,250)		—		—		(13,692)
Other income (expense), net		(12,417)		(45,481)		(1,150)		—		—		(59,048)
Income (loss) before income tax		(12,417)		(48,050)		(22,895)		(93)		—		(83,455)
Equity interest in income (loss)		(52,955)		(18,083)		—		—		71,038		—
Income tax provision (benefit)		(566)		74		—		—		—		(492)
Net income (loss)		(64,806)		(66,207)		(22,895)		(93)		71,038		(82,963)
Net income (loss) attributable to non-controlling interests		—		—		—		—		(18,157)		(18,157)
Net income (loss) attributable to controlling interests	$	(64,806)	$	(66,207)	$	(22,895)	$	(93)	$	89,195	$	(64,806)
Dividends and accretion on preferred stock		(1,966)		—		—		—		—		(1,966)
Net income (loss) attributable to common shareholders	$	(66,772)	$	(66,207)	$	(22,895)	$	(93)	$	89,195	$	(66,772)

Jones Energy, Inc.

Condensed Consolidating Statement of Operations

Nine Months Ended September 30, 2017


					Guarantor		Non-Guarantor
(in thousands of dollars)	JEI (Parent)		Issuers		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Operating revenues
Oil and gas sales	$	—	$	—	$	132,427	$	—	$	—	$	132,427
Other revenues		—		1,417		217		—		—		1,634
Total operating revenues		—		1,417		132,644		—		—		134,061
Operating costs and expenses
Lease operating		—		—		27,689		—		—		27,689
Production and ad valorem taxes		—		—		4,641		—		—		4,641
Exploration		—		—		11,638		—		—		11,638
Depletion, depreciation and amortization		—		—		127,275		68		—		127,343
Impairment of oil and gas properties		—		—		148,016		—		—		148,016
Accretion of ARO liability		—		—		720		—		—		720
General and administrative		—		8,957		15,336		200		—		24,493
Total operating expenses		—		8,957		335,315		268		—		344,540
Operating income (loss)		—		(7,540)		(202,671)		(268)		—		(210,479)
Other income (expense)
Interest expense		—		(38,673)		292		—		—		(38,381)
Net gain (loss) on commodity derivatives		—		11,308		—		—		—		11,308
Other income (expense)		15,831		(72)		(1,370)		—		—		14,389
Other income (expense), net		15,831		(27,437)		(1,078)		—		—		(12,684)
Income (loss) before income tax		15,831		(34,977)		(203,749)		(268)		—		(223,163)
Equity interest in income (loss)		(167,027)		(71,966)		—		—		238,993		—
Income tax provision (benefit)		(2,787)		80		—		—		—		(2,707)
Net income (loss)		(148,409)		(107,023)		(203,749)		(268)		238,993		(220,456)
Net income (loss) attributable to non-controlling interests		—		—		—		—		(72,047)		(72,047)
Net income (loss) attributable to controlling interests	$	(148,409)	$	(107,023)	$	(203,749)	$	(268)	$	311,040	$	(148,409)
Dividends and accretion on preferred stock		(5,959)		—		—		—		—		(5,959)
Net income (loss) attributable to common shareholders	$	(154,368)	$	(107,023)	$	(203,749)	$	(268)	$	311,040	$	(154,368)

Jones Energy, Inc.

Condensed Consolidating Statement of Operations

Three Months Ended September 30, 2016


					Guarantor		Non-Guarantor
(in thousands of dollars)	JEI (Parent)		Issuers		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Operating revenues
Oil and gas sales	$	—	$	—	$	32,582	$	—	$	—	$	32,582
Other revenues		—		587		184		—		—		771
Total operating revenues		—		587		32,766		—		—		33,353
Operating costs and expenses
Lease operating		—		—		7,865		—		—		7,865
Production and ad valorem taxes		—		—		1,733		—		—		1,733
Exploration		—		—		998		—		—		998
Depletion, depreciation and amortization		—		—		36,527		23		—		36,550
Accretion of ARO liability		—		—		323		—		—		323
General and administrative		—		2,928		3,476		44		—		6,448
Total operating expenses		—		2,928		50,922		67		—		53,917
Operating income (loss)		—		(2,341)		(18,156)		(67)		—		(20,564)
Other income (expense)
Interest expense		—		(12,652)		(140)		—		—		(12,792)
Net gain (loss) on commodity derivatives		—		4,014		—		—		—		4,014
Other income (expense)		261		(25)		128		—		—		364
Other income (expense), net		261		(8,663)		(12)		—		—		(8,414)
Income (loss) before income tax		261		(11,004)		(18,168)		(67)		—		(28,978)
Equity interest in income (loss)		(15,999)		(13,240)		—		—		29,239		—
Income tax provision (benefit)		(5,885)		(664)		—		—		—		(6,549)
Net income (loss)		(9,853)		(23,580)		(18,168)		(67)		29,239		(22,429)
Net income (loss) attributable to non-controlling interests		—		—		—		—		(12,576)		(12,576)
Net income (loss) attributable to controlling interests	$	(9,853)	$	(23,580)	$	(18,168)	$	(67)	$	41,815	$	(9,853)
Dividends and accretion on preferred stock		(765)		—		—		—		—		(765)
Net income (loss) attributable to common shareholders	$	(10,618)	$	(23,580)	$	(18,168)	$	(67)	$	41,815	$	(10,618)

Jones Energy, Inc.

Condensed Consolidating Statement of Operations

Nine Months Ended September 30, 2016


					Guarantor		Non-Guarantor
(in thousands of dollars)	JEI (Parent)		Issuers		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Operating revenues
Oil and gas sales	$	—	$	—	$	86,060	$	—	$	—	$	86,060
Other revenues		—		1,828		467		—		—		2,295
Total operating revenues		—		1,828		86,527		—		—		88,355
Operating costs and expenses
Lease operating		—		—		24,027		—		—		24,027
Production and ad valorem taxes		—		—		5,061		—		—		5,061
Exploration		—		—		1,237		—		—		1,237
Depletion, depreciation and amortization		—		—		116,385		64		—		116,449
Accretion of ARO liability		—		—		913		—		—		913
General and administrative		—		8,782		13,087		209		—		22,078
Total operating expenses		—		8,782		160,710		273		—		169,765
Operating income (loss)		—		(6,954)		(74,183)		(273)		—		(81,410)
Other income (expense)
Interest expense		—		(40,417)		20		—		—		(40,397)
Gain on debt extinguishment		—		99,530		—		—		—		99,530
Net gain (loss) on commodity derivatives		—		(18,769)		—		—		—		(18,769)
Other income (expense)		423		(298)		126		—		—		251
Other income (expense), net		423		40,046		146		—		—		40,615
Income (loss) before income tax		423		33,092		(74,037)		(273)		—		(40,795)
Equity interest in income (loss)		(22,130)		(19,088)		—		—		41,218		—
Income tax provision (benefit)		(7,520)		(714)		—		—		—		(8,234)
Net income (loss)		(14,187)		14,718		(74,037)		(273)		41,218		(32,561)
Net income (loss) attributable to non-controlling interests		—		—		—		—		(18,374)		(18,374)
Net income (loss) attributable to controlling interests	$	(14,187)	$	14,718	$	(74,037)	$	(273)	$	59,592	$	(14,187)
Dividends and accretion on preferred stock		(765)		—		—		—		—		(765)
Net income (loss) attributable to common shareholders	$	(14,952)	$	14,718	$	(74,037)	$	(273)	$	59,592	$	(14,952)

Jones Energy, Inc.

Condensed Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2017


					Guarantor		Non-Guarantor
(in thousands of dollars)	JEI (Parent)		Issuers		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Cash flows from operating activities
Net income (loss)	$	(148,409)	$	(107,023)	$	(203,749)	$	(268)	$	238,993	$	(220,456)
Adjustments to reconcile net income (loss) to net cash provided by operating activities		118,459		64,770		317,377		268		(238,993)		261,881
Net cash (used in) / provided by operations		(29,950)		(42,253)		113,628		—		—		41,425
Cash flows from investing activities
Additions to oil and gas properties		—		—		(179,152)		—		—		(179,152)
Net adjustments to purchase price of properties acquired		—		—		2,391		—		—		2,391
Proceeds from sales of assets		—		—		60,422		—		—		60,422
Acquisition of other property, plant and equipment		—		—		(603)		—		—		(603)
Current period settlements of matured derivative contracts		—		69,412		—		—		—		69,412
Net cash (used in) / provided by investing		—		69,412		(116,942)		—		—		(47,530)
Cash flows from financing activities
Proceeds from issuance of long-term debt		—		102,000		—		—		—		102,000
Repayment of long-term debt		—		(129,000)		—		—		—		(129,000)
Payment of cash dividends on preferred stock		(3,367)		—		—		—		—		(3,367)
Net distributions paid to JEH unitholders		1,075		(1,637)		—		—		—		(562)
Net payments for share based compensation		—		(462)		—		—		—		(462)
Proceeds from sale of common stock		8,332		—		—		—		—		8,332
Net cash (used in) / provided by financing		6,040		(29,099)		—		—		—		(23,059)
Net increase (decrease) in cash		(23,910)		(1,940)		(3,314)		—		—		(29,164)
Cash
Beginning of period		27,164		1,975		5,483		20		—		34,642
End of period	$	3,254	$	35	$	2,169	$	20	$	—	$	5,478

Jones Energy, Inc.

Condensed Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2016


					Guarantor		Non-Guarantor
(in thousands of dollars)	JEI (Parent)		Issuers		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Cash flows from operating activities
Net income (loss)	$	(14,187)	$	14,718	$	(74,037)	$	(273)	$	41,218	$	(32,561)
Adjustments to reconcile net income (loss) to net cash provided by operating activities		(134,592)		(53,206)		276,213		273		(41,218)		47,470
Net cash (used in) / provided by operations		(148,779)		(38,488)		202,176		—		—		14,909
Cash flows from investing activities
Additions to oil and gas properties		—		—		(212,419)		—		—		(212,419)
Proceeds from sales of assets		—		—		1,615		—		—		1,615
Acquisition of other property, plant and equipment		—		—		(194)		—		—		(194)
Current period settlements of matured derivative contracts		—		106,151		—		—		—		106,151
Net cash (used in) / provided by investing		—		106,151		(210,998)		—		—		(104,847)
Cash flows from financing activities
Proceeds from issuance of long-term debt		—		75,000		—		—		—		75,000
Repayment under long-term debt		—		(42,000)		—		—		—		(42,000)
Purchase of senior notes		—		(84,589)		—		—		—		(84,589)
Net distributions paid to JEH unitholders		9,910		(20,019)		—		—		—		(10,109)
Proceeds from sale of common stock		65,548		—		—		—		—		65,548
Proceeds from sale of preferred stock		88,236		—		—		—		—		88,236
Net cash (used in) / provided by financing		163,694		(71,608)		—		—		—		92,086
Net increase (decrease) in cash		14,915		(3,945)		(8,822)		—		—		2,148
Cash												—
Beginning of period		100		12,448		9,325		20		—		21,893
End of period	$	15,015	$	8,503	$	503	$	20	$	—	$	24,041