Supplemental Guarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 2017

Supplemental Guarantor Financial Information

Condensed Consolidating Statement of Comprehensive Income

	Three Months Ended September 30, 2017
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Revenues	$	—	$	—	$	278,863	$	125,679	$	(2,592)	$	401,950
Operating costs and expenses		8,547		12,844		244,123		112,384		(1,689)		376,209
Goodwill and intangible impairment		—		—		194,521		—		—		194,521
(Loss) income from operations		(8,547)		(12,844)		(159,781)		13,295		(903)		(168,780)
Interest expense (income), net, including amortization of deferred financing costs and note discount		—		6,410		10,468		(3,940)		—		12,938
Equity in losses (earnings) of subsidiaries		166,944		(32,956)		(4,094)		—		(129,894)		—
Other expense (income)		95		(236)		5,804		(2,714)		(5,044)		(2,095)
(Loss) income before income taxes		(175,586)		13,938		(171,959)		19,949		134,035		(179,623)
Income tax (benefit) expense		(16)		(7,417)		(873)		4,253		—		(4,053)
Net (loss) income		(175,570)		21,355		(171,086)		15,696		134,035		(175,570)
Net loss attributable to noncontrolling interests		—		—		—		—		(9)		(9)
Net (loss) income attributable to controlling interests and available to common shareholders		(175,570)		21,355		(171,086)		15,696		134,044		(175,561)
Comprehensive (loss) income attributable to controlling interests	$	(152,509)	$	22,599	$	(169,367)	$	37,104	$	109,673	$	(152,500)

	Three Months Ended September 30, 2016
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Revenues	$	—	$	—	$	239,983	$	91,355	$	(3,004)	$	328,334
Operating costs and expenses		9,085		336		201,341		77,176		(2,971)		284,967
(Loss) income from operations		(9,085)		(336)		38,642		14,179		(33)		43,367
Interest expense (income), net, including amortization of deferred financing costs and note discount		—		6,305		14,599		(13,763)		—		7,141
Equity in (earnings) losses of subsidiaries		(35,950)		(21,552)		(10,935)		—		68,437		—
Other expense (income)		(4)		69		(547)		874		(32)		360
Income before income taxes		26,869		14,842		35,525		27,068		(68,438)		35,866
Income tax (benefit) expense		(609)		(6,686)		12,658		3,025		—		8,388
Net income		27,478		21,528		22,867		24,043		(68,438)		27,478
Net loss attributable to noncontrolling interests		—		—		—		—		(12)		(12)
Net income attributable to controlling interests and available to common shareholders		27,478		21,528		22,867		24,043		(68,426)		27,490
Comprehensive (loss) income attributable to controlling interests	$	28,975	$	20,273	$	29,871	$	20,002	$	(70,134)	$	28,987

	Nine Months Ended September 30, 2017
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Revenues	$	—	$	—	$	805,467	$	347,683	$	(8,516)	$	1,144,634
Operating costs and expenses		21,244		25,295		711,231		328,263		(5,625)		1,080,408
Goodwill and intangible impairment		—		—		194,521		—		—		194,521
(Loss) income from operations		(21,244)		(25,295)		(100,285)		19,420		(2,891)		(130,295)
Interest expense (income), net, including amortization of deferred financing costs and note discount		—		18,821		29,029		(12,773)		—		35,077
Equity in losses (earnings) of subsidiaries		140,268		(58,284)		(8,774)		—		(73,210)		—
Other (income) expense		(138)		(416)		27,064		(7,805)		(20,435)		(1,730)
(Loss) income before income taxes		(161,374)		14,584		(147,604)		39,998		90,754		(163,642)
Income tax (benefit) expense		(67)		(17,043)		10,207		4,568		—		(2,335)
Net (loss) income		(161,307)		31,627		(157,811)		35,430		90,754		(161,307)
Net loss attributable to noncontrolling interests		—		—		—		—		(3)		(3)
Net (loss) income attributable to controlling interests and available to common shareholders		(161,307)		31,627		(157,811)		35,430		90,757		(161,304)
Comprehensive (loss) income attributable to controlling interests	$	(99,384)	$	34,315	$	(154,547)	$	92,711	$	27,523	$	(99,382)

	Nine Months Ended September 30, 2016
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Revenues	$	—	$	—	$	687,651	$	277,332	$	(9,441)	$	955,542
Operating costs and expenses		9,085		14,394		588,225		240,999		(8,927)		843,776
(Loss) income from operations		(9,085)		(14,394)		99,426		36,333		(514)		111,766
Interest expense (income), net, including amortization of deferred financing costs and note discount		—		19,153		14,917		(12,207)		—		21,863
Equity in (earnings) losses of subsidiaries		(71,423)		(65,854)		(7,958)		—		145,235		—
Other income		(4)		(5)		(2,620)		3,426		(49)		748
Income before income taxes		62,342		32,312		95,087		45,114		(145,700)		89,155
Income tax (benefit) expense		(609)		(17,151)		36,761		7,203		—		26,204
Net income		62,951		49,463		58,326		37,911		(145,700)		62,951
Net loss attributable to noncontrolling interests		—		—		—		—		(71)		(71)
Net income attributable to controlling interests and available to common shareholders		62,951		49,463		58,326		37,911		(145,629)		63,022
Comprehensive (loss) income attributable to controlling interests	$	24,526	$	43,607	$	55,961	$	7,876	$	(107,373)	$	24,597

Condensed Consolidating Balance Sheets

	As of September 30, 2017
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Assets
Cash and cash equivalents	$	383	$	7	$	16,204	$	44,904	$	—	$	61,498
Accounts and notes receivable, net		—		—		60,569		51,890		(67)		112,392
Deferred tax asset, net		—		—		(1,419)		1,419		—		—
Other current assets		106		199		74,163		86,015		—		160,483
Total current assets		489		206		149,517		184,228		(67)		334,373
Property and equipment, net		—		—		326,021		178,543		(169)		504,395
Intangible assets, net		—		—		168,724		51,509		—		220,233
Goodwill		—		—		575,271		195,881		—		771,152
Investments in and advances to subsidiaries		354,223		443,714		475,724		—		(1,273,661)		—
Intercompany receivable		10,849		180,901		222,304		449,586		(863,640)		—
Deferred tax asset, net		602		—		1,525		5,133		—		7,260
Prepaid expenses, deferred costs, and other noncurrent assets		—		306		34,832		16,730		—		51,868
Total assets	$	366,163	$	625,127	$	1,953,918	$	1,081,610	$	(2,137,537)	$	1,889,281
Liabilities and Shareholders' Equity
Current portion of other long-term liabilities		—		—		26,585		4,967		(12)		31,540
Accounts payable and accrued liabilities		532		6,122		220,902		147,830		(66)		375,320
Total current liabilities		532		6,122		247,487		152,797		(78)		406,860
Long-term debt		—		498,358		441,239		10,178		—		949,775
Intercompany payable		6,459		6,949		649,569		200,663		(863,640)		—
Asset retirement obligations		—		—		27,124		31,301		—		58,425
Deferred tax liability, net		—		—		41,175		2,112		—		43,287
Other long-term liabilities		—		1,671		27,131		42,959		—		71,761
Total liabilities		6,991		513,100		1,433,725		440,010		(863,718)		1,530,108
Shareholders' equity		359,172		112,027		520,193		641,600		(1,273,819)		359,173
Total liabilities and shareholders' equity	$	366,163	$	625,127	$	1,953,918	$	1,081,610	$	(2,137,537)	$	1,889,281

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	As of December 31, 2016
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Assets
Cash and cash equivalents	$	101	$	7	$	6,995	$	66,431	$	—	$	73,534
Accounts and notes receivable, net		—		—		59,375		24,781		—		84,156
Other current assets		—		1,468		52,087		58,292		—		111,847
Total current assets		101		1,475		118,457		149,504		—		269,537
Property and equipment, net		—		—		271,142		121,593		—		392,735
Intangible assets, net		—		—		89,028		32,202		—		121,230
Goodwill		—		—		450,229		82,846		—		533,075
Investments in and advances to subsidiaries		452,014		748,278		872,795		—		(2,073,087)		—
Intercompany receivable		12,962		297,790		251,754		1,615,808		(2,178,314)		—
Deferred tax asset, net		537		—		1,462		11,005		—		13,004
Prepaid expenses, deferred costs, and other noncurrent assets		—		504		22,098		12,513		—		35,115
Total assets	$	465,614	$	1,048,047	$	2,076,965	$	2,025,471	$	(4,251,401)	$	1,364,696
Liabilities and Shareholders' Equity
Current portion of other long-term liabilities		—		—		22,662		5,591		(16)		28,237
Accounts payable and accrued liabilities		(15)		17,152		179,489		89,024		(67)		285,583
Total current liabilities		(15)		17,152		202,151		94,615		(83)		313,820
Long-term debt		—		502,539		—		—		—		502,539
Intercompany payable		8,694		82,660		1,248,493		838,467		(2,178,314)		—
Asset retirement obligations		—		—		21,746		23,340		—		45,086
Deferred tax liability, net		—		—		24,953		2,672		—		27,625
Other long-term liabilities		—		504		14,305		3,882		—		18,691
Total liabilities		8,679		602,855		1,511,648		962,976		(2,178,397)		907,761
Shareholders' equity		456,935		445,192		565,317		1,062,495		(2,073,004)		456,935
Total liabilities and shareholders' equity	$	465,614	$	1,048,047	$	2,076,965	$	2,025,471	$	(4,251,401)	$	1,364,696

Condensed Consolidating Statement of Cash Flows

	Nine Months Ended September 30, 2017
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Net cash provided by operating activities	$	8,536	$	23,800	$	117,631	$	14,317	$	—	$	164,284
Additions to property and equipment		—		—		(66,200)		(45,224)		—		(111,424)
Acquisitions, net of cash acquired		—		—		(467,598)		(19,479)		—		(487,077)
Net cash used in investing activities		—		—		(533,798)		(64,703)		—		(598,501)
Proceeds from borrowings under revolving credit facility		—		295,400		601,673		71,292		—		968,365
Repayments of borrowings under revolving credit facility		—		(319,200)		(446,533)		(61,618)		—		(827,351)
Proceeds from borrowings of long-term debt		—		—		300,000		—		—		300,000
Debt issuance costs		—		—		(5,476)		—		—		(5,476)
Intercompany financing		—		—		(7,642)		7,642		—		—
Tax payments related to share-based compensation		(8,359)		—		—		—		—		(8,359)
Proceeds from exercises of stock options		105		—		—		—		—		105
Net cash (used in) provided by financing activities		(8,254)		(23,800)		442,022		17,316		—		427,284
Effect of exchange rate changes on cash		—		—		(16,646)		11,543		—		(5,103)
Net increase (decrease) in cash and cash equivalents		282		—		9,209		(21,527)		—		(12,036)
Cash and cash equivalents as of beginning of period		101		7		6,995		66,431		—		73,534
Cash and cash equivalents as of end of period	$	383	$	7	$	16,204	$	44,904	$	—	$	61,498

	Nine Months Ended September 30, 2016
	Parent		Issuer		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Net cash provided by operating activities	$	(1,114)	$	75,563	$	67,112	$	72,370	$	—	$	213,931
Additions to property and equipment		—		—		(38,022)		(38,028)		—		(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		—		—		(43,218)		(43,185)		—		(86,403)
Proceeds from borrowings under revolving credit facility		—		221,268		—		—		—		221,268
Repayments of borrowings under revolving credit facility		—		(311,361)		—		—		—		(311,361)
Intercompany financing		—		17,911		(730)		(17,181)		—		—
Proceeds from exercises of stock options		433		146		—		—		—		579
Additional tax (expense) related to share-based compensation		681		(343)		—		—		—		338
Repurchase of common shares		—		(3,959)		—		—		—		(3,959)
Net cash used in financing activities		1,114		(76,338)		(730)		(17,181)		—		(93,135)
Effect of exchange rate changes on cash		—		—		(860)		(309)		—		(1,169)
Net increase (decrease) 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