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Condensed Consolidating Financial Statements (Tables) | 6 Months Ended
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Nov. 30, 2016
Condensed Consolidating Financial Statements (Tables) [Abstract] |
Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(UNAUDITED)
November 30, 2016
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $ | 1,330 |  | $ | 294 |  | $ | 1,490 | $ |  | (55) |  | $ | 3,059
| Receivables, less allowances |  | 1 |  |  | 4,753 |  |  | 2,872 |  |  | (51) |  |  | 7,575
| Spare parts, supplies, fuel, prepaid expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | and other, less allowances |  | 370 |  |  | 822 |  |  | 226 |  |  | - |  |  | 1,418
|  |  | Total current assets |  | 1,701 |  |  | 5,869 |  |  | 4,588 |  |  | (106) |  |  | 12,052
PROPERTY AND EQUIPMENT, AT COST |  | 22 |  |  | 45,735 |  |  | 3,161 |  |  | - |  |  | 48,918
| Less accumulated depreciation and amortization |  | 17 |  |  | 22,360 |  |  | 1,234 |  |  | - |  |  | 23,611
|  |  | Net property and equipment |  | 5 |  |  | 23,375 |  |  | 1,927 |  |  | - |  |  | 25,307
INTERCOMPANY RECEIVABLE |  | 2,359 |  |  | 1,602 |  |  | - |  |  | (3,961) |  |  | -
GOODWILL |  | - |  |  | 1,571 |  |  | 5,350 |  |  | - |  |  | 6,921
INVESTMENT IN SUBSIDIARIES |  | 25,967 |  |  | 3,558 |  |  | - |  |  | (29,525) |  |  | -
OTHER ASSETS |  | 3,041 |  |  | 867 |  |  | 1,052 |  |  | (2,892) |  |  | 2,068
|  |  |  |  | $ | 33,073 |  | $ | 36,842 |  | $ | 12,917 |  | $ | (36,484) |  | $ | 46,348
LIABILITIES AND STOCKHOLDERS' INVESTMENT |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current portion of long-term debt | $ | - |  | $ | 26 |  | $ | 17 |  | $ | - |  | $ | 43
| Accrued salaries and employee benefits |  | 43 |  |  | 1,247 |  |  | 475 |  |  | - |  |  | 1,765
| Accounts payable |  | 112 |  |  | 1,441 |  |  | 1,507 |  |  | (106) |  |  | 2,954
| Accrued expenses |  | 887 |  |  | 1,434 |  |  | 724 |  |  | - |  |  | 3,045
|  | Total current liabilities |  | 1,042 |  |  | 4,148 |  |  | 2,723 |  |  | (106) |  |  | 7,807
LONG-TERM DEBT, LESS CURRENT PORTION |  | 13,281 |  |  | 245 |  |  | 27 |  |  | - |  |  | 13,553
INTERCOMPANY PAYABLE |  | - |  |  | - |  |  | 3,961 |  |  | (3,961) |  |  | -
OTHER LONG-TERM LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Deferred income taxes |  | - |  |  | 4,792 |  |  | 248 |  |  | (2,892) |  |  | 2,148
| Other liabilities |  | 4,219 |  |  | 3,501 |  |  | 589 |  |  | - |  |  | 8,309
|  | Total other long-term liabilities |  | 4,219 |  |  | 8,293 |  |  | 837 |  |  | (2,892) |  |  | 10,457
STOCKHOLDERS' INVESTMENT |  | 14,531 |  |  | 24,156 |  |  | 5,369 |  |  | (29,525) |  |  | 14,531
|  |  |  |  | $ | 33,073 |  | $ | 36,842 |  | $ | 12,917 |  | $ | (36,484) |  | $ | 46,348
CONDENSED CONSOLIDATING BALANCE SHEETS
May 31, 2016
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $ | 1,974 |  | $ | 326 |  | $ | 1,277 |  | $ | (43) |  | $ | 3,534
| Receivables, less allowances |  | 1 |  |  | 4,461 |  |  | 2,831 |  |  | (41) |  |  | 7,252
| Spare parts, supplies, fuel, prepaid expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | and other, less allowances |  | 233 |  |  | 724 |  |  | 246 |  |  | - |  |  | 1,203
|  |  | Total current assets |  | 2,208 |  |  | 5,511 |  |  | 4,354 |  |  | (84) |  |  | 11,989
PROPERTY AND EQUIPMENT, AT COST |  | 22 |  |  | 43,760 |  |  | 3,236 |  |  | - |  |  | 47,018
| Less accumulated depreciation and amortization |  | 17 |  |  | 21,566 |  |  | 1,151 |  |  | - |  |  | 22,734
|  |  | Net property and equipment |  | 5 |  |  | 22,194 |  |  | 2,085 |  |  | - |  |  | 24,284
INTERCOMPANY RECEIVABLE |  | 2,437 |  |  | 1,284 |  |  | - |  |  | (3,721) |  |  | -
GOODWILL |  | - |  |  | 1,571 |  |  | 5,176 |  |  | - |  |  | 6,747
INVESTMENT IN SUBSIDIARIES |  | 24,766 |  |  | 3,697 |  |  | - |  |  | (28,463) |  |  | -
OTHER ASSETS |  | 3,359 |  |  | 967 |  |  | 1,851 |  |  | (3,238) |  |  | 2,939
|  |  |  |  | $ | 32,775 |  | $ | 35,224 |  | $ | 13,466 |  | $ | (35,506) |  | $ | 45,959
LIABILITIES AND STOCKHOLDERS' INVESTMENT |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current portion of long-term debt | $ | - |  | $ | 13 |  | $ | 16 |  | $ | - |  | $ | 29
| Accrued salaries and employee benefits |  | 54 |  |  | 1,377 |  |  | 541 |  |  | - |  |  | 1,972
| Accounts payable |  | 8 |  |  | 1,501 |  |  | 1,519 |  |  | (84) |  |  | 2,944
| Accrued expenses |  | 883 |  |  | 1,411 |  |  | 769 |  |  | - |  |  | 3,063
|  | Total current liabilities |  | 945 |  |  | 4,302 |  |  | 2,845 |  |  | (84) |  |  | 8,008
LONG-TERM DEBT, LESS CURRENT PORTION |  | 13,451 |  |  | 245 |  |  | 37 |  |  | - |  |  | 13,733
INTERCOMPANY PAYABLE |  | - |  |  | - |  |  | 3,721 |  |  | (3,721) |  |  | -
OTHER LONG-TERM LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Deferred income taxes |  | - |  |  | 4,436 |  |  | 369 |  |  | (3,238) |  |  | 1,567
| Other liabilities |  | 4,595 |  |  | 3,375 |  |  | 897 |  |  | - |  |  | 8,867
|  | Total other long-term liabilities |  | 4,595 |  |  | 7,811 |  |  | 1,266 |  |  | (3,238) |  |  | 10,434
STOCKHOLDERS' INVESTMENT |  | 13,784 |  |  | 22,866 |  |  | 5,597 |  |  | (28,463) |  |  | 13,784
|  |  |  |  | $ | 32,775 |  | $ | 35,224 |  | $ | 13,466 |  | $ | (35,506) |  | $ | 45,959
Condensed Consolidating Statements of Comprehensive Income |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
(UNAUDITED)
Three Months Ended November 30, 2016
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
REVENUES | $ | - |  | $ | 10,997 |  | $ | 4,004 |  | $ | (70) |  | $ | 14,931
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries and employee benefits |  | 29 |  |  | 4,161 |  |  | 1,163 |  |  | - |  |  | 5,353
| Purchased transportation |  | - |  |  | 2,074 |  |  | 1,383 |  |  | (26) |  |  | 3,431
| Rentals and landing fees |  | 2 |  |  | 625 |  |  | 177 |  |  | (2) |  |  | 802
| Depreciation and amortization |  | - |  |  | 634 |  |  | 106 |  |  | - |  |  | 740
| Fuel |  | - |  |  | 584 |  |  | 74 |  |  | - |  |  | 658
| Maintenance and repairs |  | - |  |  | 504 |  |  | 75 |  |  | - |  |  | 579
| Intercompany charges, net |  | (89) |  |  | 38 |  |  | 51 |  |  | - |  |  | -
| Other |  | 58 |  |  | 1,429 |  |  | 756 |  |  | (42) |  |  | 2,201
|  |  |  |  | - |  |  | 10,049 |  |  | 3,785 |  |  | (70) |  |  | 13,764
OPERATING INCOME |  | - |  |  | 948 |  |  | 219 |  |  | - |  |  | 1,167
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity in earnings of subsidiaries |  | 700 |  |  | 54 |  |  | - |  |  | (754) |  |  | -
| Interest, net |  | (123) |  |  | 4 |  |  | - |  |  | - |  |  | (119)
| Intercompany charges, net |  | 124 |  |  | (64) |  |  | (60) |  |  | - |  |  | -
| Other, net |  | (1) |  |  | (5) |  |  | 36 |  |  | - |  |  | 30
INCOME BEFORE INCOME TAXES |  | 700 |  |  | 937 |  |  | 195 |  |  | (754) |  |  | 1,078
| Provision for income taxes |  | - |  |  | 291 |  |  | 87 |  |  | - |  |  | 378
NET INCOME | $ | 700 |  | $ | 646 |  | $ | 108 |  | $ | (754) |  | $ | 700
COMPREHENSIVE INCOME | $ | 682 |  | $ | 635 |  | $ | (112) |  | $ | (754) |  | $ | 451
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
(UNAUDITED)
Three Months Ended November 30, 2015
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
REVENUES | $ | - |  | $ | 10,479 |  | $ | 2,048 |  | $ | (74) |  | $ | 12,453
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries and employee benefits |  | 26 |  |  | 3,926 |  |  | 618 |  |  | - |  |  | 4,570
| Purchased transportation |  | - |  |  | 1,941 |  |  | 622 |  |  | (25) |  |  | 2,538
| Rentals and landing fees |  | 2 |  |  | 596 |  |  | 86 |  |  | (2) |  |  | 682
| Depreciation and amortization |  | 1 |  |  | 601 |  |  | 51 |  |  | - |  |  | 653
| Fuel |  | - |  |  | 597 |  |  | 18 |  |  | - |  |  | 615
| Maintenance and repairs |  | - |  |  | 497 |  |  | 32 |  |  | - |  |  | 529
| Intercompany charges, net |  | (112) |  |  | 84 |  |  | 28 |  |  | - |  |  | -
| Other |  | 83 |  |  | 1,293 |  |  | 400 |  |  | (47) |  |  | 1,729
|  |  |  |  | - |  |  | 9,535 |  |  | 1,855 |  |  | (74) |  |  | 11,316
OPERATING INCOME |  | - |  |  | 944 |  |  | 193 |  |  | - |  |  | 1,137
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity in earnings of subsidiaries |  | 691 |  |  | 73 |  |  | - |  |  | (764) |  |  | -
| Interest, net |  | (81) |  |  | 6 |  |  | 1 |  |  | - |  |  | (74)
| Intercompany charges, net |  | 84 |  |  | (83) |  |  | (1) |  |  | - |  |  | -
| Other, net |  | (3) |  |  | (6) |  |  | 1 |  |  | - |  |  | (8)
INCOME BEFORE INCOME TAXES |  | 691 |  |  | 934 |  |  | 194 |  |  | (764) |  |  | 1,055
| Provision for income taxes |  | - |  |  | 309 |  |  | 55 |  |  | - |  |  | 364
NET INCOME | $ | 691 |  | $ | 625 |  | $ | 139 |  | $ | (764) |  | $ | 691
COMPREHENSIVE INCOME | $ | 672 |  | $ | 620 |  | $ | 112 |  | $ | (764) |  | $ | 640
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
(UNAUDITED)
Six Months Ended November 30, 2016
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
REVENUES | $ | - |  | $ | 21,900 |  | $ | 7,834 |  | $ | (140) |  | $ | 29,594
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries and employee benefits |  | 65 |  |  | 8,267 |  |  | 2,332 |  |  | - |  |  | 10,664
| Purchased transportation |  | - |  |  | 3,991 |  |  | 2,734 |  |  | (54) |  |  | 6,671
| Rentals and landing fees |  | 3 |  |  | 1,245 |  |  | 347 |  |  | (3) |  |  | 1,592
| Depreciation and amortization |  | - |  |  | 1,245 |  |  | 234 |  |  | - |  |  | 1,479
| Fuel |  | - |  |  | 1,162 |  |  | 146 |  |  | - |  |  | 1,308
| Maintenance and repairs |  | - |  |  | 1,030 |  |  | 147 |  |  | - |  |  | 1,177
| Intercompany charges, net |  | (179) |  |  | 100 |  |  | 79 |  |  | - |  |  | -
| Other |  | 111 |  |  | 2,802 |  |  | 1,442 |  |  | (83) |  |  | 4,272
|  |  |  |  | - |  |  | 19,842 |  |  | 7,461 |  |  | (140) |  |  | 27,163
OPERATING INCOME |  | - |  |  | 2,058 |  |  | 373 |  |  | - |  |  | 2,431
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity in earnings of subsidiaries |  | 1,415 |  |  | 110 |  |  | - |  |  | (1,525) |  |  | -
| Interest, net |  | (245) |  |  | 13 |  |  | - |  |  | - |  |  | (232)
| Intercompany charges, net |  | 246 |  |  | (145) |  |  | (101) |  |  | - |  |  | -
| Other, net |  | (1) |  |  | (10) |  |  | 32 |  |  | - |  |  | 21
INCOME BEFORE INCOME TAXES |  | 1,415 |  |  | 2,026 |  |  | 304 |  |  | (1,525) |  |  | 2,220
| Provision for income taxes |  | - |  |  | 671 |  |  | 134 |  |  | - |  |  | 805
NET INCOME | $ | 1,415 |  | $ | 1,355 |  | $ | 170 |  | $ | (1,525) |  | $ | 1,415
COMPREHENSIVE INCOME | $ | 1,378 |  | $ | 1,337 |  | $ | (31) |  | $ | (1,525) |  | $ | 1,159
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
(UNAUDITED)
Six Months Ended November 30, 2015
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
REVENUES | $ | - |  | $ | 20,352 |  | $ | 4,557 |  | $ | (177) |  | $ | 24,732
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries and employee benefits |  | 60 |  |  | 7,739 |  |  | 1,296 |  |  | - |  |  | 9,095
| Purchased transportation |  | - |  |  | 3,375 |  |  | 1,587 |  |  | (80) |  |  | 4,882
| Rentals and landing fees |  | 3 |  |  | 1,183 |  |  | 194 |  |  | (3) |  |  | 1,377
| Depreciation and amortization |  | 1 |  |  | 1,184 |  |  | 116 |  |  | - |  |  | 1,301
| Fuel |  | - |  |  | 1,288 |  |  | 39 |  |  | - |  |  | 1,327
| Maintenance and repairs |  | - |  |  | 1,005 |  |  | 72 |  |  | - |  |  | 1,077
| Intercompany charges, net |  | (181) |  |  | 44 |  |  | 137 |  |  | - |  |  | -
| Other |  | 117 |  |  | 2,557 |  |  | 812 |  |  | (94) |  |  | 3,392
|  |  |  |  | - |  |  | 18,375 |  |  | 4,253 |  |  | (177) |  |  | 22,451
OPERATING INCOME |  | - |  |  | 1,977 |  |  | 304 |  |  | - |  |  | 2,281
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity in earnings of subsidiaries |  | 1,383 |  |  | 134 |  |  | - |  |  | (1,517) |  |  | -
| Interest, net |  | (156) |  |  | 14 |  |  | 5 |  |  | - |  |  | (137)
| Intercompany charges, net |  | 162 |  |  | (159) |  |  | (3) |  |  | - |  |  | -
| Other, net |  | (6) |  |  | (9) |  |  | 10 |  |  | - |  |  | (5)
INCOME BEFORE INCOME TAXES |  | 1,383 |  |  | 1,957 |  |  | 316 |  |  | (1,517) |  |  | 2,139
| Provision for income taxes |  | - |  |  | 666 |  |  | 90 |  |  | - |  |  | 756
NET INCOME | $ | 1,383 |  | $ | 1,291 |  | $ | 226 |  | $ | (1,517) |  | $ | 1,383
COMPREHENSIVE INCOME | $ | 1,346 |  | $ | 1,271 |  | $ | 70 |  | $ | (1,517) |  | $ | 1,170
Condensed Consolidating Statements of Cash Flows |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(UNAUDITED)
Six Months Ended November 30, 2016
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | $ | (376) |  | $ | 2,550 |  | $ | 473 |  | $ | (12) |  | $ | 2,635
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Capital expenditures |  | - |  |  | (2,455) |  |  | (226) |  |  | - |  |  | (2,681)
| Proceeds from asset dispositions and other |  | 84 |  |  | 13 |  |  | 3 |  |  | - |  |  | 100
CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES |  | 84 |  |  | (2,442) |  |  | (223) |  |  | - |  |  | (2,581)
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net transfers from (to) Parent |  | 24 |  |  | (94) |  |  | 70 |  |  | - |  |  | -
| Payment on loan between subsidiaries |  | 8 |  |  | (15) |  |  | 7 |  |  | - |  |  | -
| Intercompany dividends |  | - |  |  | 1 |  |  | (1) |  |  | - |  |  | -
| Principal payments on debt |  | - |  |  | (31) |  |  | (12) |  |  | - |  |  | (43)
| Proceeds from stock issuances |  | 164 |  |  | - |  |  | - |  |  | - |  |  | 164
| Dividends paid |  | (213) |  |  | - |  |  | - |  |  | - |  |  | (213)
| Purchase of treasury stock |  | (334) |  |  | - |  |  | - |  |  | - |  |  | (334)
| Other, net |  | 4 |  |  | (2) |  |  | (7) |  |  | - |  |  | (5)
CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES |  | (347) |  |  | (141) |  |  | 57 |  |  | - |  |  | (431)
Effect of exchange rate changes on cash |  | (5) |  |  | 1 |  |  | (94) |  |  | - |  |  | (98)
Net (decrease) increase in cash and cash equivalents |  | (644) |  |  | (32) |  |  | 213 |  |  | (12) |  |  | (475)
Cash and cash equivalents at beginning of period |  | 1,974 |  |  | 326 |  |  | 1,277 |  |  | (43) |  |  | 3,534
Cash and cash equivalents at end of period | $ | 1,330 |  | $ | 294 |  | $ | 1,490 |  | $ | (55) |  | $ | 3,059
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(UNAUDITED)
Six Months Ended November 30, 2015
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | $ | (847) |  | $ | 3,054 |  | $ | 213 |  | $ | 34 |  | $ | 2,454
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Capital expenditures |  | - |  |  | (2,482) |  |  | (80) |  |  | - |  |  | (2,562)
| Proceeds from asset dispositions and other |  | (5) |  |  | 21 |  |  | (4) |  |  | - |  |  | 12
CASH USED IN INVESTING ACTIVITIES |  | (5) |  |  | (2,461) |  |  | (84) |  |  | - |  |  | (2,550)
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net transfers from (to) Parent |  | 648 |  |  | (691) |  |  | 43 |  |  | - |  |  | -
| Payment on loan between subsidiaries |  | - |  |  | 106 |  |  | (106) |  |  | - |  |  | -
| Intercompany dividends |  | - |  |  | 20 |  |  | (20) |  |  | - |  |  | -
| Principal payments on debt |  | - |  |  | (2) |  |  | (15) |  |  | - |  |  | (17)
| Proceeds from debt issuance |  | 1,238 |  |  | - |  |  | - |  |  | - |  |  | 1,238
| Proceeds from stock issuances |  | 62 |  |  | - |  |  | - |  |  | - |  |  | 62
| Dividends paid |  | (141) |  |  | - |  |  | - |  |  | - |  |  | (141)
| Purchase of treasury stock |  | (1,101) |  |  | - |  |  | - |  |  | - |  |  | (1,101)
| Other, net |  | (8) |  |  | (27) |  |  | 27 |  |  | - |  |  | (8)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |  | 698 |  |  | (594) |  |  | (71) |  |  | - |  |  | 33
Effect of exchange rate changes on cash |  | - |  |  | (12) |  |  | (41) |  |  | - |  |  | (53)
Net (decrease) increase in cash and cash equivalents |  | (154) |  |  | (13) |  |  | 17 |  |  | 34 |  |  | (116)
Cash and cash equivalents at beginning of period |  | 2,383 |  |  | 487 |  |  | 971 |  |  | (78) |  |  | 3,763
Cash and cash equivalents at end of period | $ | 2,229 |  | $ | 474 |  | $ | 988 |  | $ | (44) |  | $ | 3,647

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