| Consolidating financial statements |
|
20. |
Condensed consolidating financial statements |
The following information is presented in accordance with Rule 3-10 of Regulation S-X. The operating and investing activities of the separate legal entities included in the Company’s consolidated financial statements are fully interdependent and integrated. Revenues and operating expenses of the separate legal entities include intercompany charges for management and other administrative services. The Company’s senior notes are guaranteed by substantially all of its domestic wholly-owned subsidiaries. Each of the guarantor subsidiaries has guaranteed the notes on a joint and several basis. However, the guarantor subsidiaries can be released from their obligations in the event of a sale or other disposition of all or substantially all of the assets of such subsidiary, including by merger or consolidation or the sale of all equity interests in such subsidiary owned by the Company, if such subsidiary guarantor is designated as an unrestricted subsidiary or otherwise ceases to be a restricted subsidiary, and if such subsidiary guarantor no longer guaranties any other indebtedness of the Company. Non-wholly-owned subsidiaries, certain wholly-owned subsidiaries, foreign subsidiaries, joint ventures, partnerships, non-owned entities and third parties are not guarantors of these obligations.
Condensed Consolidating Statements of Income
|
|
|
DaVita |
|
|
|
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
HealthCare |
|
|
Guarantor |
|
|
Guarantor |
|
|
Consolidating |
|
|
Consolidated |
|
|
For the three months ended March 31, 2015 |
|
Partners Inc. |
|
|
subsidiaries |
|
|
subsidiaries |
|
|
adjustments |
|
|
total |
|
|
Patient service revenues |
|
$ |
— |
|
|
$ |
1,581,959 |
|
|
$ |
723,843 |
|
|
$ |
(33,987 |
) |
|
$ |
2,271,815 |
|
|
Less: Provision for uncollectible accounts |
|
|
— |
|
|
|
(64,077 |
) |
|
|
(35,087 |
) |
|
|
— |
|
|
|
(99,164 |
) |
|
Net patient service revenues |
|
|
— |
|
|
|
1,517,882 |
|
|
|
688,756 |
|
|
|
(33,987 |
) |
|
|
2,172,651 |
|
|
Capitated revenues |
|
|
— |
|
|
|
447,338 |
|
|
|
403,124 |
|
|
|
53 |
|
|
|
850,515 |
|
|
Other revenues |
|
|
168,265 |
|
|
|
411,028 |
|
|
|
6,312 |
|
|
|
(320,806 |
) |
|
|
264,799 |
|
|
Total net revenues |
|
|
168,265 |
|
|
|
2,376,248 |
|
|
|
1,098,192 |
|
|
|
(354,740 |
) |
|
|
3,287,965 |
|
|
Operating expenses |
|
|
123,769 |
|
|
|
2,597,953 |
|
|
|
985,139 |
|
|
|
(354,740 |
) |
|
|
3,352,121 |
|
|
Operating income (loss) |
|
|
44,496 |
|
|
|
(221,705 |
) |
|
|
113,053 |
|
|
|
— |
|
|
|
(64,156 |
) |
|
Debt expense, including debt refinancing charges |
|
|
(95,478 |
) |
|
|
(85,783 |
) |
|
|
(9,286 |
) |
|
|
93,155 |
|
|
|
(97,392 |
) |
|
Other income (loss) |
|
|
91,023 |
|
|
|
53 |
|
|
|
1,546 |
|
|
|
(93,155 |
) |
|
|
(533 |
) |
|
Income tax expense (benefit) |
|
|
17,514 |
|
|
|
(129,235 |
) |
|
|
25,788 |
|
|
|
— |
|
|
|
(85,933 |
) |
|
Equity (loss) earnings in subsidiaries |
|
|
(133,144 |
) |
|
|
45,056 |
|
|
|
— |
|
|
|
88,088 |
|
|
|
— |
|
|
Net income |
|
|
(110,617 |
) |
|
|
(133,144 |
) |
|
|
79,525 |
|
|
|
88,088 |
|
|
|
(76,148 |
) |
|
Less: Net income attributable to noncontrolling interests |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(34,469 |
) |
|
|
(34,469 |
) |
|
Net (loss) income attributable to DaVita HealthCare
Partners Inc. |
|
$ |
(110,617 |
) |
|
$ |
(133,144 |
) |
|
$ |
79,525 |
|
|
$ |
53,619 |
|
|
$ |
(110,617 |
) |
|
|
|
DaVita |
|
|
|
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
HealthCare |
|
|
Guarantor |
|
|
Guarantor |
|
|
Consolidating |
|
|
Consolidated |
|
|
For the three months ended March 31, 2014 |
|
Partners Inc. |
|
|
subsidiaries |
|
|
subsidiaries |
|
|
adjustments |
|
|
total |
|
|
Patient service revenues |
|
$ |
— |
|
|
$ |
1,513,748 |
|
|
$ |
598,887 |
|
|
$ |
1,463 |
|
|
$ |
2,114,098 |
|
|
Less: Provision for uncollectible accounts |
|
|
— |
|
|
|
(49,906 |
) |
|
|
(33,291 |
) |
|
|
— |
|
|
|
(83,197 |
) |
|
Net patient service revenues |
|
|
— |
|
|
|
1,463,842 |
|
|
|
565,596 |
|
|
|
1,463 |
|
|
|
2,030,901 |
|
|
Capitated revenues |
|
|
— |
|
|
|
697,081 |
|
|
|
366,129 |
|
|
|
(275,645 |
) |
|
|
787,565 |
|
|
Other revenues |
|
|
163,043 |
|
|
|
393,304 |
|
|
|
32,291 |
|
|
|
(364,328 |
) |
|
|
224,310 |
|
|
Total net revenues |
|
|
163,043 |
|
|
|
2,554,227 |
|
|
|
964,016 |
|
|
|
(638,510 |
) |
|
|
3,042,776 |
|
|
Operating expenses |
|
|
112,297 |
|
|
|
2,259,571 |
|
|
|
868,193 |
|
|
|
(638,510 |
) |
|
|
2,601,551 |
|
|
Operating income |
|
|
50,746 |
|
|
|
294,656 |
|
|
|
95,823 |
|
|
|
— |
|
|
|
441,225 |
|
|
Debt expense |
|
|
(105,283 |
) |
|
|
(91,437 |
) |
|
|
(9,739 |
) |
|
|
100,124 |
|
|
|
(106,335 |
) |
|
Other income (expense) |
|
|
99,943 |
|
|
|
1,556 |
|
|
|
323 |
|
|
|
(100,124 |
) |
|
|
1,698 |
|
|
Income tax expense |
|
|
18,389 |
|
|
|
104,030 |
|
|
|
2,432 |
|
|
|
— |
|
|
|
124,851 |
|
|
Equity earnings in subsidiaries |
|
|
156,272 |
|
|
|
55,527 |
|
|
|
— |
|
|
|
(211,799 |
) |
|
|
— |
|
|
Net income |
|
|
183,289 |
|
|
|
156,272 |
|
|
|
83,975 |
|
|
|
(211,799 |
) |
|
|
211,737 |
|
|
Less: Net income attributable to noncontrolling interests |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(28,448 |
) |
|
|
(28,448 |
) |
|
Net income attributable to DaVita HealthCare
Partners Inc. |
|
$ |
183,289 |
|
|
$ |
156,272 |
|
|
$ |
83,975 |
|
|
$ |
(240,247 |
) |
|
$ |
183,289 |
|
Condensed Consolidating Statements of Comprehensive Income
|
|
|
DaVita |
|
|
|
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
HealthCare |
|
|
Guarantor |
|
|
Guarantor |
|
|
Consolidating |
|
|
Consolidated |
|
|
For the three months ended March 31, 2015 |
|
Partners Inc. |
|
|
subsidiaries |
|
|
subsidiaries |
|
|
adjustments |
|
|
total |
|
|
Net (loss) income |
|
$ |
(110,617 |
) |
|
$ |
(133,144 |
) |
|
$ |
79,525 |
|
|
$ |
88,088 |
|
|
$ |
(76,148 |
) |
|
Other comprehensive loss |
|
|
(4,723 |
) |
|
|
— |
|
|
|
(17,885 |
) |
|
|
— |
|
|
|
(22,608 |
) |
|
Total comprehensive (loss) income |
|
|
(115,340 |
) |
|
|
(133,144 |
) |
|
|
61,640 |
|
|
|
88,088 |
|
|
|
(98,756 |
) |
|
Less: comprehensive income attributable to the
noncontrolling interests |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(34,469 |
) |
|
|
(34,469 |
) |
|
Comprehensive (loss) income attributable to DaVita
HealthCare Partners Inc. |
|
$ |
(115,340 |
) |
|
$ |
(133,144 |
) |
|
$ |
61,640 |
|
|
$ |
53,619 |
|
|
$ |
(133,225 |
) |
|
|
|
DaVita |
|
|
|
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
HealthCare |
|
|
Guarantor |
|
|
Guarantor |
|
|
Consolidating |
|
|
Consolidated |
|
|
For the three months ended March 31, 2014 |
|
Partners Inc. |
|
|
subsidiaries |
|
|
subsidiaries |
|
|
adjustments |
|
|
total |
|
|
Net income |
|
$ |
183,289 |
|
|
$ |
156,272 |
|
|
$ |
83,975 |
|
|
$ |
(211,799 |
) |
|
$ |
211,737 |
|
|
Other comprehensive loss |
|
|
978 |
|
|
|
— |
|
|
|
28 |
|
|
|
— |
|
|
|
1,006 |
|
|
Total comprehensive income |
|
|
184,267 |
|
|
|
156,272 |
|
|
|
84,003 |
|
|
|
(211,799 |
) |
|
|
212,743 |
|
|
Less: comprehensive income attributable to
the noncontrolling interests |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(28,448 |
) |
|
|
(28,448 |
) |
|
Comprehensive income attributable to DaVita
HealthCare Partners Inc. |
|
$ |
184,267 |
|
|
$ |
156,272 |
|
|
$ |
84,003 |
|
|
$ |
(240,247 |
) |
|
$ |
184,295 |
|
Condensed Consolidating Balance Sheets
|
|
|
DaVita |
|
|
|
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
HealthCare |
|
|
Guarantor |
|
|
Guarantor |
|
|
Consolidating |
|
|
Consolidated |
|
|
As of March 31, 2015 |
|
Partners Inc. |
|
|
subsidiaries |
|
|
subsidiaries |
|
|
adjustments |
|
|
total |
|
|
Cash and cash equivalents |
|
$ |
753,870 |
|
|
$ |
62,441 |
|
|
$ |
194,960 |
|
|
$ |
— |
|
|
$ |
1,011,271 |
|
|
Accounts receivable, net |
|
|
— |
|
|
|
1,031,229 |
|
|
|
643,953 |
|
|
|
— |
|
|
|
1,675,182 |
|
|
Other current assets |
|
|
437,483 |
|
|
|
1,089,920 |
|
|
|
86,939 |
|
|
|
— |
|
|
|
1,614,342 |
|
|
Total current assets |
|
|
1,191,353 |
|
|
|
2,183,590 |
|
|
|
925,852 |
|
|
|
— |
|
|
|
4,300,795 |
|
|
Property and equipment, net |
|
|
192,134 |
|
|
|
1,465,221 |
|
|
|
843,241 |
|
|
|
— |
|
|
|
2,500,596 |
|
|
Amortizable intangibles, net |
|
|
81,967 |
|
|
|
1,770,574 |
|
|
|
51,635 |
|
|
|
— |
|
|
|
1,904,176 |
|
|
Investments in subsidiaries |
|
|
8,564,454 |
|
|
|
1,562,768 |
|
|
|
— |
|
|
|
(10,127,222 |
) |
|
|
— |
|
|
Intercompany receivables |
|
|
3,724,255 |
|
|
|
— |
|
|
|
587,512 |
|
|
|
(4,311,767 |
) |
|
|
— |
|
|
Other long-term assets and investments |
|
|
63,795 |
|
|
|
57,381 |
|
|
|
108,530 |
|
|
|
— |
|
|
|
229,706 |
|
|
Goodwill |
|
|
— |
|
|
|
7,959,443 |
|
|
|
1,471,947 |
|
|
|
— |
|
|
|
9,431,390 |
|
|
Total assets |
|
$ |
13,817,958 |
|
|
$ |
14,998,977 |
|
|
$ |
3,988,717 |
|
|
$ |
(14,438,989 |
) |
|
$ |
18,366,663 |
|
|
Current liabilities |
|
|
195,486 |
|
|
|
2,057,807 |
|
|
|
426,223 |
|
|
|
— |
|
|
|
2,679,516 |
|
|
Intercompany payables |
|
|
— |
|
|
|
3,044,212 |
|
|
|
1,267,555 |
|
|
|
(4,311,767 |
) |
|
|
— |
|
|
Long-term debt and other long-term liabilities |
|
|
8,106,169 |
|
|
|
1,332,504 |
|
|
|
229,368 |
|
|
|
— |
|
|
|
9,668,041 |
|
|
Noncontrolling interests subject to put provisions |
|
|
544,893 |
|
|
|
— |
|
|
|
— |
|
|
|
303,499 |
|
|
|
848,392 |
|
|
Total DaVita HealthCare Partners Inc. shareholders’ equity |
|
|
4,971,410 |
|
|
|
8,564,454 |
|
|
|
1,562,768 |
|
|
|
(10,127,222 |
) |
|
|
4,971,410 |
|
|
Noncontrolling interests not subject to put provisions |
|
|
— |
|
|
|
— |
|
|
|
502,803 |
|
|
|
(303,499 |
) |
|
|
199,304 |
|
|
Total equity |
|
|
4,971,410 |
|
|
|
8,564,454 |
|
|
|
2,065,571 |
|
|
|
(10,430,721 |
) |
|
|
5,170,714 |
|
|
Total liabilities and equity |
|
$ |
13,817,958 |
|
|
$ |
14,998,977 |
|
|
$ |
3,988,717 |
|
|
$ |
(14,438,989 |
) |
|
$ |
18,366,663 |
|
|
|
|
DaVita |
|
|
|
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
HealthCare |
|
|
Guarantor |
|
|
Guarantor |
|
|
Consolidating |
|
|
Consolidated |
|
|
As of December 31, 2014 |
|
Partners Inc. |
|
|
subsidiaries |
|
|
subsidiaries |
|
|
adjustments |
|
|
total |
|
|
Cash and cash equivalents |
|
$ |
698,876 |
|
|
$ |
77,921 |
|
|
$ |
188,444 |
|
|
$ |
— |
|
|
$ |
965,241 |
|
|
Accounts receivable, net |
|
|
— |
|
|
|
915,851 |
|
|
|
609,998 |
|
|
|
— |
|
|
|
1,525,849 |
|
|
Other current assets |
|
|
362,672 |
|
|
|
930,093 |
|
|
|
92,942 |
|
|
|
— |
|
|
|
1,385,707 |
|
|
Total current assets |
|
|
1,061,548 |
|
|
|
1,923,865 |
|
|
|
891,384 |
|
|
|
— |
|
|
|
3,876,797 |
|
|
Property and equipment, net |
|
|
195,690 |
|
|
|
1,473,188 |
|
|
|
800,221 |
|
|
|
— |
|
|
|
2,469,099 |
|
|
Amortizable intangibles, net |
|
|
85,338 |
|
|
|
1,811,218 |
|
|
|
52,942 |
|
|
|
— |
|
|
|
1,949,498 |
|
|
Investments in subsidiaries |
|
|
8,868,335 |
|
|
|
1,561,195 |
|
|
|
— |
|
|
|
(10,429,530 |
) |
|
|
— |
|
|
Intercompany receivables |
|
|
3,723,454 |
|
|
|
— |
|
|
|
564,241 |
|
|
|
(4,287,695 |
) |
|
|
— |
|
|
Other long-term assets and investments |
|
|
70,309 |
|
|
|
60,385 |
|
|
|
101,332 |
|
|
|
— |
|
|
|
232,026 |
|
|
Goodwill |
|
|
— |
|
|
|
7,958,221 |
|
|
|
1,457,074 |
|
|
|
— |
|
|
|
9,415,295 |
|
|
Total assets |
|
$ |
14,004,674 |
|
|
$ |
14,788,072 |
|
|
$ |
3,867,194 |
|
|
$ |
(14,717,225 |
) |
|
$ |
17,942,715 |
|
|
Current liabilities |
|
$ |
180,977 |
|
|
$ |
1,493,243 |
|
|
$ |
414,432 |
|
|
$ |
— |
|
|
$ |
2,088,652 |
|
|
Intercompany payables |
|
|
— |
|
|
|
3,105,173 |
|
|
|
1,182,522 |
|
|
|
(4,287,695 |
) |
|
|
— |
|
|
Long-term debt and other long-term liabilities |
|
|
8,124,863 |
|
|
|
1,321,321 |
|
|
|
217,603 |
|
|
|
— |
|
|
|
9,663,787 |
|
|
Noncontrolling interests subject to put provisions |
|
|
528,321 |
|
|
|
— |
|
|
|
— |
|
|
|
301,644 |
|
|
|
829,965 |
|
|
Total DaVita HealthCare Partners Inc. shareholders’ equity |
|
|
5,170,513 |
|
|
|
8,868,335 |
|
|
|
1,561,195 |
|
|
|
(10,429,530 |
) |
|
|
5,170,513 |
|
|
Noncontrolling interests not subject to put provisions |
|
|
— |
|
|
|
— |
|
|
|
491,442 |
|
|
|
(301,644 |
) |
|
|
189,798 |
|
|
Total equity |
|
|
5,170,513 |
|
|
|
8,868,335 |
|
|
|
2,052,637 |
|
|
|
(10,731,174 |
) |
|
|
5,360,311 |
|
|
Total liabilities and equity |
|
$ |
14,004,674 |
|
|
$ |
14,788,072 |
|
|
$ |
3,867,194 |
|
|
$ |
(14,717,225 |
) |
|
$ |
17,942,715 |
|
Condensed Consolidating Statements of Cash Flows
|
|
|
DaVita |
|
|
|
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
HealthCare |
|
|
Guarantor |
|
|
Guarantor |
|
|
Consolidating |
|
|
Consolidated |
|
|
For the three months ended March 31, 2015 |
|
Partners Inc. |
|
|
subsidiaries |
|
|
subsidiaries |
|
|
adjustments |
|
|
total |
|
|
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss) income |
|
$ |
(110,617 |
) |
|
$ |
(133,144 |
) |
|
$ |
79,525 |
|
|
$ |
88,088 |
|
|
$ |
(76,148 |
) |
|
Changes in operating assets and liabilities and non-cash
items included in net income |
|
|
154,352 |
|
|
|
410,880 |
|
|
|
9,093 |
|
|
|
(88,088 |
) |
|
|
486,237 |
|
|
Net cash provided by operating activities |
|
|
43,735 |
|
|
|
277,736 |
|
|
|
88,618 |
|
|
|
— |
|
|
|
410,089 |
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions of property and equipment, net |
|
|
(6,230 |
) |
|
|
(48,802 |
) |
|
|
(66,389 |
) |
|
|
— |
|
|
|
(121,421 |
) |
|
Acquisitions |
|
|
— |
|
|
|
(40,018 |
) |
|
|
(632 |
) |
|
|
— |
|
|
|
(40,650 |
) |
|
Proceeds from asset and business sales |
|
|
— |
|
|
|
2,565 |
|
|
|
— |
|
|
|
— |
|
|
|
2,565 |
|
|
Purchases/proceeds from investment sales and other items |
|
|
(84,640 |
) |
|
|
(537 |
) |
|
|
(7,604 |
) |
|
|
— |
|
|
|
(92,781 |
) |
|
Net cash used in investing activities |
|
|
(90,870 |
) |
|
|
(86,792 |
) |
|
|
(74,625 |
) |
|
|
— |
|
|
|
(252,287 |
) |
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt and related financing costs, net |
|
|
(21,250 |
) |
|
|
(3,620 |
) |
|
|
(3,569 |
) |
|
|
— |
|
|
|
(28,439 |
) |
|
Intercompany borrowing |
|
|
180,207 |
|
|
|
(202,804 |
) |
|
|
22,597 |
|
|
|
— |
|
|
|
— |
|
|
Other items |
|
|
(56,828 |
) |
|
|
— |
|
|
|
(25,601 |
) |
|
|
— |
|
|
|
(82,429 |
) |
|
Net cash provided by (used in) financing activities |
|
|
102,129 |
|
|
|
(206,424 |
) |
|
|
(6,573 |
) |
|
|
— |
|
|
|
(110,868 |
) |
|
Effect of exchange rate changes on cash |
|
|
— |
|
|
|
— |
|
|
|
(904 |
) |
|
|
— |
|
|
|
(904 |
) |
|
Net increase (decrease) in cash and cash equivalents |
|
|
54,994 |
|
|
|
(15,480 |
) |
|
|
6,516 |
|
|
|
— |
|
|
|
46,030 |
|
|
Cash and cash equivalents at beginning of period |
|
|
698,876 |
|
|
|
77,921 |
|
|
|
188,444 |
|
|
|
— |
|
|
|
965,241 |
|
|
Cash and cash equivalents at end of period |
|
$ |
753,870 |
|
|
$ |
62,441 |
|
|
$ |
194,960 |
|
|
$ |
— |
|
|
$ |
1,011,271 |
|
|
|
|
DaVita |
|
|
|
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
HealthCare |
|
|
Guarantor |
|
|
Guarantor |
|
|
Consolidating |
|
|
Consolidated |
|
|
For the three months ended March 31, 2014 |
|
Partners Inc. |
|
|
subsidiaries |
|
|
subsidiaries |
|
|
adjustments |
|
|
total |
|
|
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
183,289 |
|
|
$ |
156,272 |
|
|
$ |
83,975 |
|
|
$ |
(211,799 |
) |
|
$ |
211,737 |
|
|
Changes in operating assets and liabilities and non-cash
items included in net income |
|
|
(28,933 |
) |
|
|
(2,155 |
) |
|
|
26,659 |
|
|
|
211,799 |
|
|
|
207,370 |
|
|
Net cash provided by operating activities |
|
|
154,356 |
|
|
|
154,117 |
|
|
|
110,634 |
|
|
|
— |
|
|
|
419,107 |
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions of property and equipment, net |
|
|
(11,100 |
) |
|
|
(60,113 |
) |
|
|
(55,349 |
) |
|
|
— |
|
|
|
(126,562 |
) |
|
Acquisitions |
|
|
— |
|
|
|
(67,857 |
) |
|
|
— |
|
|
|
— |
|
|
|
(67,857 |
) |
|
Proceeds from asset sales |
|
|
— |
|
|
|
56 |
|
|
|
— |
|
|
|
— |
|
|
|
56 |
|
|
Purchases of investments and other items |
|
|
(776 |
) |
|
|
135 |
|
|
|
(789 |
) |
|
|
— |
|
|
|
(1,430 |
) |
|
Net cash used in investing activities |
|
|
(11,876 |
) |
|
|
(127,779 |
) |
|
|
(56,138 |
) |
|
|
— |
|
|
|
(195,793 |
) |
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt and related financing costs, net |
|
|
(62,853 |
) |
|
|
(1,579 |
) |
|
|
(721 |
) |
|
|
— |
|
|
|
(65,153 |
) |
|
Intercompany borrowing |
|
|
90,289 |
|
|
|
(57,572 |
) |
|
|
(32,717 |
) |
|
|
— |
|
|
|
— |
|
|
Other items |
|
|
21,786 |
|
|
|
764 |
|
|
|
(19,522 |
) |
|
|
— |
|
|
|
3,028 |
|
|
Net cash provided by (used in) financing activities |
|
|
49,222 |
|
|
|
(58,387 |
) |
|
|
(52,960 |
) |
|
|
— |
|
|
|
(62,125 |
) |
|
Effect of exchange rate changes on cash |
|
|
— |
|
|
|
— |
|
|
|
631 |
|
|
|
— |
|
|
|
631 |
|
|
Net increase (decrease) in cash and cash equivalents |
|
|
191,702 |
|
|
|
(32,049 |
) |
|
|
2,167 |
|
|
|
— |
|
|
|
161,820 |
|
|
Cash and cash equivalents at beginning of period |
|
|
602,188 |
|
|
|
175,004 |
|
|
|
169,057 |
|
|
|
— |
|
|
|
946,249 |
|
|
Cash and cash equivalents at end of period |
|
$ |
793,890 |
|
|
$ |
142,955 |
|
|
$ |
171,224 |
|
|
$ |
— |
|
|
$ |
1,108,069 |
|
|