Supplemental Guarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 2020

Supplemental Guarantor Financial Information

Condensed Consolidating Statements of Comprehensive Income

Condensed Consolidated Statements of Comprehensive Income

	Three Months Ended June 30, 2020
	Parent		Issuers		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Revenues	$	—	$	143,778	$	56,717	$	49,230	$	(16,533)	$	233,192
Operating costs and expenses	5,540		143,939		43,516		59,660		(16,829)		235,826
Loss (gain) on disposal and impairment of assets	—		122		22		(32)		—		112
(Loss) income from operations	(5,540)		(283)		13,179		$	(10,398)	$	296	$	(2,746)
Interest expense (income), net, including amortization of deferred financing costs and note discount	—		11,500		3,311		(1,656)		53		13,208
Loss on extinguishment of convertible notes	—		3,018		—		—		—		3,018
Equity in earnings of subsidiaries	(788)		(8,096)		13,292		10		(4,418)		—
Other (income) expenses	(2,196)		3,604		332		(2,306)		(5,798)		(6,364)
(Loss) income before income taxes	(2,556)		(10,309)		(3,756)		(6,446)		10,459		(12,608)
Income tax (benefit) expense	(635)		(10,311)		1,602		(1,343)		—		(10,687)
Net (loss) income	(1,921)		2		(5,358)		(5,103)		10,459		(1,921)
Net income attributable to noncontrolling interests	—		—		—		—		1		1
Net (loss) income attributable to controlling interests and available to common shareholders	(1,921)		2		(5,358)		(5,103)		10,458		(1,922)
Other comprehensive (loss) income attributable to controlling interest	(1,478)		(1,915)		7,905		48,605		(54,595)		(1,478)
Comprehensive (loss) income attributable to controlling interests	$	(3,399)	$(1,913)		$2,547		$43,502		$(44,137)		$(3,400)

	Six Months Ended June 30, 2020
	Parent		Issuers		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Revenues	$	—	$	305,168	$	134,853	$	133,775	$	(34,002)	$	539,794
Operating costs and expenses	11,336		298,857		104,643		145,661		(34,738)		525,759
Loss on disposal and impairment of assets	—		539		126		368		—		1,033
(Loss) income from operations	(11,336)		5,772		30,084		(12,254)		736		13,002
Interest expense (income), net, including amortization of deferred financing costs and note discount	—		20,102		4,512		(1,614)		115		23,115
Loss on extinguishment of convertible notes	—		3,018		—		—		—		3,018
Equity in earnings of subsidiaries	(13,441)		(25,684)		16,079		251		22,795		—
Other expenses (income)	532		11,300		6,874		(7,844)		(13,397)		(2,535)
Income (loss) before income taxes	1,573		(2,964)		2,619		(3,047)		(8,777)		(10,596)
Income tax (benefit) expense	(2,255)		(12,600)		1,188		(757)		—		(14,424)
Net income (loss)	3,828		9,636		1,431		(2,290)		(8,777)		3,828
Net loss attributable to noncontrolling interests	—		—		—		—		(5)		(5)
Net income (loss) attributable to controlling interests and available to common shareholders	3,828		9,636		1,431		(2,290)		(8,772)		3,833
Other comprehensive (loss) income attributable to controlling interest	(60,981)		(34,422)		12,193		11,868		10,361		(60,981)
Comprehensive (loss) income attributable to controlling interests	$	(57,153)	$	(24,786)	$	13,624	$	9,578	$	1,589	$	(57,148)

Condensed Consolidating Balance Sheets

Condensed Consolidated Balance Sheets

	As of June 30, 2020
	Parent		Issuers		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Assets
Cash and cash equivalents	$	51	$	144,977	$	50,009	$	16,255	$	—	$	211,292
Restricted cash	—		61,555		3,057		19,760		—		84,372
Accounts and notes receivable, net	—		44,683		18,269		15,930		—		78,882
Other current assets	—		54,207		3,580		39,042		—		96,829
Total current assets	51		305,422		74,915		90,987		—		471,375
Property and equipment, net	—		248,794		49,178		117,762		—		415,734
Intangible assets, net	—		30,032		43,191		20,729		—		93,952
Goodwill	—		445,046		138,121		146,573		—		729,740
Operating lease assets	—		31,794		2,682		27,068		—		61,544
Investments in and advances to subsidiaries	367,785		263,857		191,436		43,963		(867,041)		—
Intercompany receivable	34,633		511,305		537,078		241,606		(1,324,622)		—
Deferred tax asset, net	559		—		(1,072)		16,098		—		15,585
Prepaid expenses, deferred costs, and other noncurrent assets	—		12,778		1,388		7,343		—		21,509
Total assets	$	403,028	$	1,849,028	$	1,036,917	$	712,129	$	(2,191,663)	$	1,809,439
Liabilities and Shareholders' Equity
Current portion of other long-term liabilities	$	—	$	145,491	$	6,088	$	28,727	$	—	$	180,306
Accounts payable and accrued liabilities	286		231,305		54,592		73,228		(15,804)		343,607
Total current liabilities	286		376,796		60,680		101,955		(15,804)		523,913
Long-term debt	—		774,713		—		—		—		774,713
Intercompany payable	94,653		282,214		597,242		350,507		(1,324,616)		—
Asset retirement obligations	—		21,726		1,861		29,207		—		52,794
Operating lease liabilities	—		38,811		1,846		17,757		—		58,414
Deferred tax liability, net	—		38,609		1,363		624		—		40,596
Other long-term liabilities	—		40,904		2,423		7,593		—		50,920
Total liabilities	94,939		1,573,773		665,415		507,643		(1,340,420)		1,501,350
Shareholders' equity	308,089		275,255		371,502		204,486		(851,243)		308,089
Total liabilities and shareholders' equity	$	403,028	$	1,849,028	$	1,036,917	$	712,129	$	(2,191,663)	$	1,809,439

Condensed Consolidating Statement of Cash Flows

Condensed Consolidated Statements of Cash Flows

	Six Months Ended June 30, 2020
	Parent		Issuers		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Net cash provided by (used in) operating activities	$	22,335	$	60,817	$	(14,329)	$	21,028	$	—	$	89,851
Additions to property and equipment	—		(18,422)		(3,995)		(7,387)		—		(29,804)
Net cash used in investing activities	—		(18,422)		(3,995)		(7,387)		—		(29,804)
Proceeds from borrowings under revolving credit facility	—		547,130		163,723		36,150		—		747,003
Repayments of borrowings under revolving credit facility	—		(572,530)		(167,350)		(167,260)		—		(907,140)
Proceeds from issuance of term loan facility	—		500,000		—		—		—		500,000
Repurchase of convertible notes	—		(171,173)		—		—		—		(171,173)
Intercompany financing	—		(181,317)		55,166		126,151		—		—
Tax payments related to share-based compensation	(5,751)		—		—		—		—		(5,751)
Proceeds from exercises of stock options	293		—		—		—		—		293
Debt issuance, modification, and redemption costs	—		(18,244)		—		—		—		(18,244)
Repurchase of common shares	(16,873)		—		—		—		—		(16,873)
Payment of contingent consideration	—		—		—		(5,179)		—		(5,179)
Net cash (used in) provided by financing activities	(22,331)		103,866		51,539		(10,138)		—		122,936
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	—		—		(469)		(4,319)		—		(4,788)
Net increase (decrease) in cash, cash equivalents, and restricted cash	4		146,261		32,746		(816)		—		178,195
Cash, cash equivalents, and restricted cash as of beginning of period	47		60,271		20,320		36,831		—		117,469
Cash, cash equivalents, and restricted cash as of end of period	$	51	$	206,532	$	53,066	$	36,015	$	—	$	295,664

Condensed Financial Statements

Summary Prior Year Financial Information

	As of and for the Year Ended December 31, 2019
	Parent		Issuers		Guarantors		Non-Guarantors		Eliminations		Total
	(In thousands)
Revenues	$	—	$	668,527	$	351,330	$	402,079	$	(72,531)	$	1,349,405
(Loss) income from operations	(35,637)		40,733		70,835		10,203		300		86,434
Net income	48,265		20,546		63,952		27,036		(111,534)		48,265
Net income attributable to controlling interests and available to common shareholders	48,265		20,546		63,952		27,036		(111,525)		48,274
Total current assets	46		146,768		41,788		119,919		—		308,521
Total noncurrent assets	452,342		1,225,786		1,488,531		196,625		(1,907,847)		1,455,437
Total current liabilities	814		242,735		66,766		124,069		—		434,384
Total noncurrent liabilities	71,248		805,812		984,556		(24,244)		(888,125)		949,247