(16) Supplemental Guarantor Financial Information

Prior to the Redomicile Transaction, the 2022 Notes were fully and unconditionally guaranteed, subject to certain customary release provisions, on a joint and several basis by certain wholly-owned subsidiaries of Cardtronics Delaware. On July 1, 2016, Cardtronics plc and certain of its subsidiaries became Guarantors of the 2022 Notes pursuant to the Senior Notes Supplemental Indenture entered into in conjunction with the Redomicile Transaction. As of September 30, 2016, the 2022 Notes were fully and unconditionally guaranteed, subject to certain customary release provisions, on a joint and several basis by Cardtronics plc and these subsidiaries (including the original Cardtronics Delaware subsidiary Guarantors). Cardtronics Delaware, the subsidiary issuer of the 2022 Notes is 100% owned by Cardtronics plc, the parent Guarantor.

The guarantees of the 2022 Notes by any Guarantor (other than Cardtronics plc) are subject to automatic and customary releases upon: (i) the sale or disposition of all or substantially all of the assets of the Guarantor, (ii) the disposition of sufficient capital stock of the Guarantor so that it no longer qualifies under the Indenture as a restricted subsidiary of Cardtronics plc, (iii) the designation of the Guarantor as unrestricted in accordance with the Indenture, (iv) the legal or covenant defeasance of the notes or the satisfaction and discharge of the Indenture, (v) the liquidation or dissolution of the Guarantor, or (vi) provided the Guarantor is not wholly-owned by Cardtronics plc, its ceasing to guarantee other indebtedness the Cardtronics plc, Cardtronics Delaware, or another Guarantor. A Guarantor (other than Cardtronics plc) may not sell or otherwise dispose of all or substantially all of its properties or assets to, or consolidate with or merge with or into, another company (other than Cardtronics plc, Cardtronics Delaware, or another Guarantor), unless no default under the Indenture exists and either the successor to the Guarantor assumes its guarantee of the 2022 Notes or the disposition, consolidation, or merger complies with the “Asset Sales” covenant in the Indenture. In addition, Cardtronics plc may not sell or otherwise dispose of all or substantially all of its properties or assets to, or consolidate with or merge with or into, another company (other than Cardtronics Delaware or another Guarantor), unless, among other things, no default under the Indenture exists, the successor to Cardtronics plc is a domestic entity and assumes Cardtronics plc’s guarantee of the 2022 Notes and transaction (on a pro forma basis) satisfies certain criteria related to the Fixed Charge Coverage Ratio (as defined in the Indenture).

The following information sets forth the Condensed Consolidating Statements of Comprehensive Income for the three and nine months ended September 30, 2016 and 2015, the Condensed Consolidating Balance Sheets as of September 30, 2016, and the Condensed Consolidating Statement of Cash Flows for the nine months ended September 30, 2016 and 2015 of: (i) Cardtronics plc, the parent Guarantor (“Parent”), as of September 30, 2016, (ii) Cardtronics Delaware (“Issuer”), (iii) the Guarantors, and (iv) the Non-Guarantors:

Condensed Consolidating Statements of Comprehensive Income


	Three Months Ended September 30, 2016
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Revenues	$	—	$	—	$	229,126	$	105,711	$	(6,503)	$	328,334
Operating costs and expenses		9,085		336		193,789		88,260		(6,503)		284,967
(Loss) income from operations		(9,085)		(336)		35,337		17,451		—		43,367
Interest expense (income), net, including amortization of deferred financing costs and note discount		—		6,306		14,818		(13,983)		—		7,141
Equity in earnings of subsidiaries		(35,950)		(18,890)		(10,549)		—		65,389		—
Other (income) expense		(4)		69		(598)		925		(32)		360
Income before income taxes		26,869		12,179		31,666		30,509		(65,357)		35,866
Income tax (benefit) expense		(609)		(6,686)		12,580		3,103		—		8,388
Net income		27,478		18,865		19,086		27,406		(65,357)		27,478
Net loss attributable to noncontrolling interests		—		—		—		—		(12)		(12)
Net income attributable to controlling interests and available to common stockholders		27,478		18,865		19,086		27,406		(65,345)		27,490
Other comprehensive income (loss) attributable to controlling interests		1,510		(16,012)		(16,690)		(27,645)		60,334		1,497
Comprehensive income (loss) attributable to controlling interests	$	28,988	$	2,853	$	2,396	$	(239)	$	(5,011)	$	28,987


	Three Months Ended September 30, 2015
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Revenues	$	—	$	—	$	205,150	$	109,207	$	(3,007)	$	311,350
Operating costs and expenses		—		4,862		172,564		93,699		(3,007)		268,118
(Loss) income from operations		—		(4,862)		32,586		15,508		—		43,232
Interest expense, net, including amortization of deferred financing costs and note discount		—		6,042		1,470		380		—		7,892
Equity in earnings of subsidiaries		—		(31,261)		(7,264)		—		38,525		—
Other (income) expense		—		(1,235)		(963)		3,265		—		1,067
Income before income taxes		—		21,592		39,343		11,863		(38,525)		34,273
Income tax (benefit) expense		—		(52)		9,891		2,790		—		12,629
Net income		—		21,644		29,452		9,073		(38,525)		21,644
Net loss attributable to noncontrolling interests		—		—		—		—		(365)		(365)
Net income attributable to controlling interests and available to common stockholders		—		21,644		29,452		9,073		(38,160)		22,009
Other comprehensive loss attributable to controlling interests		—		(22,555)		(7,158)		(13,680)		20,839		(22,554)
Comprehensive (loss) income attributable to controlling interests	$	—	$	(911)	$	22,294	$	(4,607)	$	(17,321)	$	(545)


	Nine Months Ended September 30, 2016
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Revenues	$	—	$	—	$	663,998	$	310,344	$	(18,800)	$	955,542
Operating costs and expenses		9,085		14,394		572,241		266,856		(18,800)		843,776
(Loss) income from operations		(9,085)		(14,394)		91,757		43,488		—		111,766
Interest expense (income), net, including amortization of deferred financing costs and note discount		—		19,153		15,605		(12,895)		—		21,863
Equity in earnings of subsidiaries		(71,423)		(70,923)		(28,897)		—		171,243		—
Other (income) expense		(4)		(5)		(2,622)		3,426		(47)		748
Income before income taxes		62,342		37,381		107,671		52,957		(171,196)		89,155
Income tax (benefit) expense		(609)		(17,151)		36,690		7,274		—		26,204
Net income		62,951		54,532		70,981		45,683		(171,196)		62,951
Net loss attributable to noncontrolling interests		—		—		—		—		(71)		(71)
Net income attributable to controlling interests and available to common stockholders		62,951		54,532		70,981		45,683		(171,125)		63,022
Other comprehensive loss attributable to controlling interests		(38,353)		(4,744)		(9,215)		(5,834)		19,721		(38,425)
Comprehensive income attributable to controlling interests	$	24,598	$	49,788	$	61,766	$	39,849	$	(151,404)	$	24,597


	Nine Months Ended September 30, 2015
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Revenues	$	—	$	—	$	590,533	$	314,777	$	(8,313)	$	896,997
Operating costs and expenses		—		14,062		497,229		287,191		(8,313)		790,169
(Loss) income from operations		—		(14,062)		93,304		27,586		—		106,828
Interest expense, net, including amortization of deferred financing costs and note discount		—		16,327		4,863		1,761		—		22,951
Equity in earnings of subsidiaries		—		(68,831)		(10,630)		—		79,461		—
Other (income) expense		—		(313)		(2,594)		5,789		—		2,882
Income before income taxes		—		38,755		101,665		20,036		(79,461)		80,995
Income tax (benefit) expense		—		(12,403)		37,706		4,534		—		29,837
Net income		—		51,158		63,959		15,502		(79,461)		51,158
Net loss attributable to noncontrolling interests		—		—		—		—		(1,081)		(1,081)
Net income attributable to controlling interests and available to common stockholders		—		51,158		63,959		15,502		(78,380)		52,239
Other comprehensive (loss) income attributable to controlling interests		—		(9,063)		1,300		(2,425)		1,124		(9,064)
Comprehensive income attributable to controlling interests	$	—	$	42,095	$	65,259	$	13,077	$	(77,256)	$	43,175

Condensed Consolidating Balance Sheets


	As of September 30, 2016
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Assets
Cash and cash equivalents	$	—	$	7	$	28,504	$	31,010	$	—	$	59,521
Accounts and notes receivable, net		—		—		47,540		25,600		—		73,140
Other current assets		—		440		31,540		79,012		—		110,992
Total current assets		—		447		107,584		135,622		—		243,653
Property and equipment, net		—		—		240,834		133,986		—		374,820
Intangible assets, net		—		—		92,045		36,698		—		128,743
Goodwill		—		—		449,658		87,676		—		537,334
Investments in and advances to subsidiaries		408,993		850,682		643,441		—		(1,903,116)		—
Intercompany receivable		447		171,578		122,563		64,950		(359,538)		—
Deferred tax asset, net		610		—		347		7,655		—		8,612
Prepaid expenses, deferred costs, and other noncurrent assets		—		502		7,093		12,369		—		19,964
Total assets	$	410,050	$	1,023,209	$	1,663,565	$	478,956	$	(2,262,654)	$	1,313,126
Liabilities and Stockholders' Equity
Current portion of other long-term liabilities		—		—		26,144		6,826		—		32,970
Accounts payable and accrued liabilities		—		12,451		184,379		83,059		—		279,889
Total current liabilities		—		12,451		210,523		89,885		—		312,859
Long-term debt		—		485,647		—		—		—		485,647
Intercompany payable		3,422		81,210		128,267		146,639		(359,538)		—
Asset retirement obligations		—		—		22,258		24,938		—		47,196
Deferred tax liability, net		—		—		11,538		1,550		—		13,088
Other long-term liabilities		—		502		38,321		8,885		—		47,708
Total liabilities		3,422		579,810		410,907		271,897		(359,538)		906,498
Stockholders' equity		406,628		443,399		1,252,658		207,059		(1,903,116)		406,628
Total liabilities and stockholders' equity	$	410,050	$	1,023,209	$	1,663,565	$	478,956	$	(2,262,654)	$	1,313,126


	As of December 31, 2015
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Assets
Cash and cash equivalents	$	—	$	782	$	6,200	$	19,315	$	—	$	26,297
Accounts and notes receivable, net		—		—		36,961		35,048		—		72,009
Current portion of deferred tax asset, net		—		—		16,169		131		—		16,300
Other current assets		—		1,878		47,398		49,642		—		98,918
Total current assets		—		2,660		106,728		104,136		—		213,524
Property and equipment, net		—		—		231,970		143,518		—		375,488
Intangible assets, net		—		1,396		106,863		42,521		—		150,780
Goodwill		—		—		449,658		99,278		—		548,936
Investments in and advances to subsidiaries		—		628,651		284,153		—		(912,804)		—
Intercompany receivable		—		407,697		197,277		6,217		(611,191)		—
Deferred tax asset, net		—		—		—		11,950		—		11,950
Prepaid expenses, deferred costs, and other noncurrent assets		—		200		6,611		12,446		—		19,257
Total assets	$	—	$	1,040,604	$	1,383,260	$	420,066	$	(1,523,995)	$	1,319,935
Liabilities and Stockholders' Equity												—
Current portion of other long-term liabilities		—		—		29,965		2,767		—		32,732
Accounts payable and accrued liabilities		—		12,109		152,012		80,787		—		244,908
Total current liabilities		—		12,109		181,977		83,554		—		277,640
Long-term debt		—		548,496		—		19,835		—		568,331
Intercompany payable		—		110,006		236,283		264,902		(611,191)		—
Asset retirement obligations		—		—		25,360		26,325		—		51,685
Deferred tax liability, net		—		—		19,884		1,945		—		21,829
Other long-term liabilities		—		200		28,751		1,706		—		30,657
Total liabilities		—		670,811		492,255		398,267		(611,191)		950,142
Stockholders' equity		—		369,793		891,005		21,799		(912,804)		369,793
Total liabilities and stockholders' equity	$	—	$	1,040,604	$	1,383,260	$	420,066	$	(1,523,995)	$	1,319,935

Condensed Consolidating Statement of Cash Flows


	Nine Months Ended September 30, 2016
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Net cash (used in) provided by operating activities	$	(1,114)	$	75,563	$	70,451	$	69,031	$	—	$	213,931
Additions to property and equipment		—		—		(33,603)		(42,447)		—		(76,050)
Acquisitions, net of cash acquired		—		—		(14,544)		(5,157)		—		(19,701)
Proceeds from sale of assets and businesses		—		—		—		9,348		—		9,348
Net cash used in investing activities		—		—		(48,147)		(38,256)		—		(86,403)
Proceeds from borrowings under revolving credit facility		—		221,268		—		—		—		221,268
Repayments of borrowings under revolving credit facility		—		(311,361)		—		—		—		(311,361)
Repayments of intercompany notes payable		—		17,911		—		(17,911)		—		—
Proceeds from exercises of stock options		433		146		—		—		—		579
Additional tax benefit (expense) related to stock-based compensation		681		(343)		—		—		—		338
Repurchase of capital stock		—		(3,959)		—		—		—		(3,959)
Net cash provided by (used in) financing activities		1,114		(76,338)		—		(17,911)		—		(93,135)
Effect of exchange rate changes on cash		—		—		—		(1,169)		—		(1,169)
Net (decrease) increase in cash and cash equivalents		—		(775)		22,304		11,695		—		33,224
Cash and cash equivalents as of beginning of period		—		782		6,200		19,315		—		26,297
Cash and cash equivalents as of end of period	$	—	$	7	$	28,504	$	31,010	$	—	$	59,521


	Nine Months Ended September 30, 2015
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Net cash (used in) provided by operating activities	$	—	$	(61,118)	$	138,448	$	69,782	$	—	$	147,112
Additions to property and equipment		—		—		(64,411)		(39,466)		—		(103,877)
Acquisitions, net of cash acquired		—		—		(80,504)		(23,370)		—		(103,874)
Proceeds from sale of assets and businesses		—		—		—		36,661		—		36,661
Net cash used in investing activities		—		—		(144,915)		(26,175)		—		(171,090)
Proceeds from borrowings under revolving credit facility		—		312,500		—		27,750		—		340,250
Repayments of borrowings under revolving credit facility		—		(324,186)		—		(30)		—		(324,216)
Repayments of intercompany notes payable		—		75,545		(750)		(74,795)		—		—
Proceeds from exercises of stock options		—		586		—		—		—		586
Additional tax benefit related to stock-based compensation		—		1,287		—		—		—		1,287
Repurchase of capital stock		—		(4,610)		—		—		—		(4,610)
Net cash provided by (used in) financing activities		—		61,122		(750)		(47,075)		—		13,297
Effect of exchange rate changes on cash		—		—		—		(2,711)		—		(2,711)
Net increase (decrease) in cash and cash equivalents		—		4		(7,217)		(6,179)		—		(13,392)
Cash and cash equivalents as of beginning of period		—		—		9,391		22,484		—		31,875
Cash and cash equivalents as of end of period	$	—	$	4	$	2,174	$	16,305	$	—	$	18,483