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Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 31, 2011

Consolidating Financial Statements [Abstract]

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

December 31, 2011

(In thousands)


		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Other Subsidiaries				Eliminations				Consolidation
ASSETS
Current assets		$	93			$	—			$	563,927			$	555,882			$	12			$	1,119,914
Current assets associated with discontinued operations			—				—				—				4,013				—				4,013

Total current assets			93				—				563,927				559,895				12				1,123,927

Property, plant and equipment, net			—				—				1,513,366				1,491,086				—				3,004,452
Investments in affiliates			1,813,197				1,774,029				1,687,806				—				(5,275,032	)			—
Intangible and other assets, net			18,389				39,168				78,836				134,678				(38,788	)			232,283
Intercompany receivables			945,401				1,068,746				99,075				637,165				(2,750,387	)			—
Long-term assets associated with discontinued operations			—				—				—				—				—				—

Total long-term assets			2,776,987				2,881,943				3,379,083				2,262,929				(8,064,207	)			3,236,735

Total assets		$	2,777,080			$	2,881,943			$	3,943,010			$	2,822,824			$	(8,064,195	)		$	4,360,662

LIABILITIES AND EQUITY
Current liabilities		$	11,122			$	3,147			$	353,827			$	308,320			$	(12,918	)		$	663,498
Current liabilities associated with discontinued operations			—				—				—				6,383				—				6,383

Total current liabilities			11,122				3,147				353,827				314,703				(12,918	)			669,881

Long-term debt			1,083,649				143,750				—				545,640				—				1,773,039
Intercompany payables			—				921,849				1,705,911				122,627				(2,750,387	)			—
Other long-term liabilities			2,267				—				109,243				137,908				(25,858	)			223,560
Long-term liabilities associated with discontinued operations			—				—				—				14,140				—				14,140

Total liabilities			1,097,038				1,068,746				2,168,981				1,135,018				(2,789,163	)			2,680,620

Total equity			1,680,042				1,813,197				1,774,029				1,687,806				(5,275,032	)			1,680,042

Total liabilities and equity		$	2,777,080			$	2,881,943			$	3,943,010			$	2,822,824			$	(8,064,195	)		$	4,360,662

Condensed Consolidating Balance Sheet

December 31, 2010

(In thousands)


		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Other Subsidiaries				Eliminations				Consolidation
ASSETS
Current assets		$	160			$	—			$	559,367			$	595,151			$	8			$	1,154,686
Current assets associated with discontinued operations			—				—				—				5,918				—				5,918

Total current assets			160				—				559,367				601,069				8				1,160,604

Property, plant and equipment, net			—				—				1,680,256				1,412,396				—				3,092,652
Goodwill			—				—				146,876				49,804				—				196,680
Investments in affiliates			1,998,616				1,991,518				1,967,403				—				(5,957,537	)			—
Intangible and other assets, net			17,343				40,594				147,513				115,766				(38,788	)			282,428
Intercompany receivables			1,118,405				1,207,450				72,714				889,073				(3,287,642	)			—
Long-term assets associated with discontinued operations			—				—				—				9,172				—				9,172

Total long-term assets			3,134,364				3,239,562				4,014,762				2,476,211				(9,283,967	)			3,580,932

Total assets		$	3,134,524			$	3,239,562			$	4,574,129			$	3,077,280			$	(9,283,959	)		$	4,741,536

LIABILITIES AND EQUITY
Current liabilities		$	21,320			$	3,147			$	352,409			$	368,346			$	(2,573	)		$	742,649
Current liabilities associated with discontinued operations			—				—				—				15,554				—				15,554

Total current liabilities			21,320				3,147				352,409				383,900				(2,573	)			758,203

Long-term debt			1,298,165				143,750				—				455,232				—				1,897,147
Intercompany payables			—				1,094,049				2,096,523				97,070				(3,287,642	)			—
Other long-term liabilities			12,615				—				133,679				160,564				(36,207	)			270,651
Long-term liabilities associated with discontinued operations			—				—				—				13,111				—				13,111

Total liabilities			1,332,100				1,240,946				2,582,611				1,109,877				(3,326,422	)			2,939,112

Total equity			1,802,424				1,998,616				1,991,518				1,967,403				(5,957,537	)			1,802,424

Total liabilities and equity		$	3,134,524			$	3,239,562			$	4,574,129			$	3,077,280			$	(9,283,959	)		$	4,741,536

Condensed Consolidating Statement of Operations

Condensed Consolidating Statement of Operations

Year Ended December 31, 2011

(In thousands)


		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Other Subsidiaries				Eliminations				Consolidation
Revenues		$	—			$	—			$	1,363,843			$	1,610,224			$	(290,597	)		$	2,683,470

Costs of sales (excluding depreciation and amortization expense)			—				—				1,091,719				1,144,251				(290,597	)			1,945,373
Selling, general and administrative			282				268				175,896				182,936				—				359,382
Depreciation and amortization			—				—				150,094				215,776				—				365,870
Long-lived asset impairment			—				—				4,724				2,288				—				7,012
Restructuring charges			—				—				—				11,627				—				11,627
Goodwill impairment			—				—				147,541				49,266				—				196,807
Interest expense			99,415				6,828				2,634				40,596				—				149,473
Other (income) expense:
Intercompany charges, net			(60,928	)			(6,565	)			67,493				—				—				—
Equity in loss of affiliates			315,368				315,023				99,567				471				(729,958	)			471
Other, net			40				—				(10,573	)			5,108				—				(5,425	)

Loss before income taxes			(354,177	)			(315,554	)			(365,252	)			(42,095	)			729,958				(347,120	)
Provision for (benefit from) income taxes			(13,569	)			(186	)			(50,229	)			50,519				—				(13,465	)

Loss from continuing operations			(340,608	)			(315,368	)			(315,023	)			(92,614	)			729,958				(333,655	)
Loss from discontinued operations, net of tax			—				—				—				(5,963	)			—				(5,963	)

Net loss			(340,608	)			(315,368	)			(315,023	)			(98,577	)			729,958				(339,618	)
Less: Net income attributable to the noncontrolling interest			—				—				—				(990	)			—				(990	)

Net loss attributable to Exterran stockholders		$	(340,608	)		$	(315,368	)		$	(315,023	)		$	(99,567	)		$	729,958			$	(340,608	)

Condensed Consolidating Statement of Operations

Year Ended December 31, 2010

(In thousands)


		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Other Subsidiaries				Eliminations				Consolidation
Revenues		$	—			$	—			$	1,046,965			$	1,659,674			$	(245,106	)		$	2,461,533

Costs of sales (excluding depreciation and amortization expense)			—				—				849,663				1,052,515				(245,106	)			1,657,072
Selling, general and administrative			401				401				150,046				207,407				—				358,255
Depreciation and amortization			—				—				135,598				265,880				—				401,478
Long-lived asset impairment			—				—				112,427				34,476				—				146,903
Interest (income) expense			25,964				6,828				(10,173	)			113,530				—				136,149
Other (income) expense:
Intercompany charges, net			(41,255	)			(442	)			41,697				—				—				—
Equity in (income) loss of affiliates			128,761				124,349				(24,693	)			609				(228,417	)			609
Other, net			40				—				(15,281	)			1,478				—				(13,763	)

Loss before income taxes			(113,911	)			(131,136	)			(192,319	)			(16,221	)			228,417				(225,170	)
Provision for (benefit from) income taxes			(12,086	)			(2,375	)			(67,970	)			15,825				—				(66,606	)

Loss from continuing operations			(101,825	)			(128,761	)			(124,349	)			(32,046	)			228,417				(158,564	)
Income from discontinued operations, net of tax			—				—				—				45,323				—				45,323

Net income (loss)			(101,825	)			(128,761	)			(124,349	)			13,277				228,417				(113,241	)
Less: Net loss attributable to the noncontrolling interest			—				—				—				11,416				—				11,416

Net income (loss) attributable to Exterran stockholders		$	(101,825	)		$	(128,761	)		$	(124,349	)		$	24,693			$	228,417			$	(101,825	)

Condensed Consolidating Statement of Operations

Year Ended December 31, 2009

(In thousands)


		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Other Subsidiaries				Eliminations				Consolidation
Revenues		$	—			$	—			$	1,044,058			$	1,990,611			$	(319,068	)		$	2,715,601

Costs of sales (excluding depreciation and amortization expense)			—				—				770,351				1,348,736				(319,068	)			1,800,019
Selling, general and administrative			341				164				127,554				209,561				—				337,620
Depreciation and amortization			—				—				105,573				247,212				—				352,785
Long-lived asset impairment			—				—				76,171				20,817				—				96,988
Restructuring charges			—				—				—				14,329				—				14,329
Goodwill impairment			—				—				—				150,778				—				150,778
Interest (income) expense			51,473				6,813				(27,137	)			91,696				—				122,845
Other (income) expense:
Intercompany charges, net			(16,847	)			(3,764	)			20,611				—				—				—
Equity in loss of affiliates			527,335				525,247				537,563				91,154				(1,590,145	)			91,154
Other, net			40				—				(48,784	)			(4,616	)			—				(53,360	)

Loss before income taxes			(562,342	)			(528,460	)			(517,844	)			(179,056	)			1,590,145				(197,557	)
Provision for (benefit from) income taxes			(12,935	)			(1,125	)			7,403				58,324				—				51,667

Loss from continuing operations			(549,407	)			(527,335	)			(525,247	)			(237,380	)			1,590,145				(249,224	)
Loss from discontinued operations, net of tax			—				—				—				(296,239	)			—				(296,239	)

Net loss			(549,407	)			(527,335	)			(525,247	)			(533,619	)			1,590,145				(545,463	)
Less: Net income attributable to the noncontrolling interest			—				—				—				(3,944	)			—				(3,944	)

Net loss attributable to Exterran stockholders		$	(549,407	)		$	(527,335	)		$	(525,247	)		$	(537,563	)		$	1,590,145			$	(549,407	)

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2011

(In thousands)


		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Other Subsidiaries				Eliminations				Consolidation
Cash flows from operating activities:
Net cash provided by (used in) continuing operations		$	282,416			$	2,127			$	(172,542	)		$	6,987			$	—			$	118,988
Net cash provided by discontinued operations			—				—				—				1,336				—				1,336

Net cash provided by (used in) operating activities			282,416				2,127				(172,542	)			8,323				—				120,324

Cash flows from investing activities:
Capital expenditures			—				—				(170,881	)			(111,910	)			—				(282,791	)
Proceeds from sale of property, plant and equipment			—				—				13,423				32,835				—				46,258
Cash paid for business acquisition			—				—				(3,000	)			—				—				(3,000	)
Decrease in restricted cash			—				—				—				820				—				820
Cash invested in non-consolidated affiliates			—				—				—				(471	)			—				(471	)
Net proceeds from the sale of Partnership units			—				—				289,908				—				—				289,908
Investment in consolidated subsidiaries			(214,356	)			(183,030	)			—				—				397,386				—

Net cash provided by (used in) investing activities			(214,356	)			(183,030	)			129,450				(78,726	)			397,386				50,724

Cash flows from financing activities:
Proceeds from borrowings of long-term debt			1,336,240				—				—				557,500				—				1,893,740
Repayments of long-term debt			(1,569,078	)			—				—				(467,093	)			—				(2,036,171	)
Payments for debt issue costs			(7,666	)			—				—				(1,157	)			—				(8,823	)
Proceeds from stock options exercised			526				—				—				—				—				526
Proceeds from stock issued pursuant to our employee stock purchase plan			1,887				—				—				—				—				1,887
Purchases of treasury stock			(2,941	)			—				—				—				—				(2,941	)
Stock-based compensation excess tax benefit			1,034				—				—				—				—				1,034
Distributions to noncontrolling partners in the Partnership			—				—				—				(39,870	)			—				(39,870	)
Capital contribution, net			—				214,356				183,030				—				(397,386	)			—
Borrowings (repayments) between subsidiaries, net			171,871				(33,453	)			(138,704	)			286				—				—

Net cash provided by (used in) financing activities			(68,127	)			180,903				44,326				49,666				(397,386	)			(190,618	)

Effect of exchange rate changes on cash and cash equivalents			—				—				—				(3,007	)			—				(3,007	)

Net increase (decrease) in cash and cash equivalents			(67	)			—				1,234				(23,744	)			—				(22,577	)
Cash and cash equivalents at beginning of year			160				—				1,586				42,870				—				44,616

Cash and cash equivalents at end of year		$	93			$	—			$	2,820			$	19,126			$	—			$	22,039

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2010

(In thousands)


		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Other Subsidiaries				Eliminations				Consolidation
Cash flows from operating activities:
Net cash provided by (used in) continuing operations		$	48,796			$	(4,039	)		$	(240,601	)		$	564,099			$	—			$	368,255
Net cash used in discontinued operations			—				—				—				(3,880	)			—				(3,880	)

Net cash provided by (used in) operating activities			48,796				(4,039	)			(240,601	)			560,219				—				364,375

Cash flows from investing activities:
Capital expenditures			—				—				(95,391	)			(140,599	)			—				(235,990	)
Proceeds from sale of property, plant and equipment			—				—				13,970				17,225				—				31,195
Decrease in restricted cash			—				—				—				12,930				—				12,930
Net proceeds from the sale of Partnership units			—				—				109,365				—				—				109,365
Cash invested in non-consolidated affiliates			—				—				—				(609	)			—				(609	)
Investment in consolidated subsidiaries			(50,089	)			112,497				—				—				(62,408	)			—

Net cash provided by (used in) continuing operations			(50,089	)			112,497				27,944				(111,053	)			(62,408	)			(83,109	)
Net cash provided by discontinued operations			—				—				—				89,509				—				89,509

Net cash provided by (used in) investing activities			(50,089	)			112,497				27,944				(21,544	)			(62,408	)			6,400

Cash flows from financing activities:
Proceeds from borrowings of long-term debt			1,627,244				—				—				471,000				—				2,098,244
Repayments of long-term debt			(1,459,836	)			—				—				(1,018,561	)			—				(2,478,397	)
Payments for debt issuance costs			(7,782	)			—				—				(4,252	)			—				(12,034	)
Proceeds from stock options exercised			840				—				—				—				—				840
Proceeds from stock issued pursuant to our employee stock purchase plan			2,224				—				—				—				—				2,224
Purchases of treasury stock			(2,061	)			—				—				—				—				(2,061	)
Stock-based compensation excess tax benefit			1,182				—				—				—				—				1,182
Distribution to noncontrolling partners in the Partnership			—				—				—				(18,030	)			—				(18,030	)
Capital contribution (distribution), net			—				50,089				(112,497	)			—				62,408				—
Borrowings (repayments) between subsidiaries, net			(160,407	)			(158,547	)			321,786				(2,832	)			—				—

Net cash provided by (used in) financing activities			1,404				(108,458	)			209,289				(572,675	)			62,408				(408,032	)

Effect of exchange rate changes on cash and cash equivalents			—				—				—				(1,872	)			—				(1,872	)

Net increase (decrease) in cash and cash equivalents			111				—				(3,368	)			(35,872	)			—				(39,129	)
Cash and cash equivalents at beginning of year			49				—				4,954				78,742				—				83,745

Cash and cash equivalents at end of year		$	160			$	—			$	1,586			$	42,870			$	—			$	44,616

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2009

(In thousands)


		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Other Subsidiaries				Eliminations				Consolidation
Cash flows from operating activities:
Net cash provided by (used in) continuing operations		$	(211,416	)		$	(1,002	)		$	180,901			$	508,325			$	—			$	476,808
Net cash provided by discontinued operations			—				—				—				710				—				710

Net cash provided by (used in) operating activities			(211,416	)			(1,002	)			180,901				509,035				—				477,518

Cash flows from investing activities:
Capital expenditures			—				—				(145,422	)			(223,479	)			—				(368,901	)
Proceeds from sale of property, plant and equipment			—				—				49,609				19,488				—				69,097
Proceeds from sale of business			—				—				5,642				—				—				5,642
Return of investments in non-consolidated affiliates			—				—				—				3,139				—				3,139
Increase in restricted cash			—				—				—				(7,308	)			—				(7,308	)
Cash invested in non-consolidated affiliates			—				—				—				(1,959	)			—				(1,959	)
Investment in consolidated subsidiaries			210,615				211,617				—				—				(422,232	)			—

Net cash provided by (used in) continuing operations			210,615				211,617				(90,171	)			(210,119	)			(422,232	)			(300,290	)
Net cash used in discontinued operations			—				—				—				(710	)			—				(710	)

Net cash provided by (used in) investing activities			210,615				211,617				(90,171	)			(210,829	)			(422,232	)			(301,000	)

Cash flows from financing activities:
Proceeds from issuance of long-term debt			1,104,065				—				—				76,750				—				1,180,815
Repayments of long-term debt			(969,726	)			—				—				(373,059	)			—				(1,342,785	)
Payments for debt issuance costs			(7,411	)			—				—				(4,882	)			—				(12,293	)
Stock-based compensation excess tax benefit			119				—				—				—				—				119
Proceeds from warrants sold			53,138				—				—				—				—				53,138
Payments for call options			(89,408	)			—				—				—				—				(89,408	)
Proceeds from stock issued pursuant to our employee stock purchase plan			2,845				—				—				—				—				2,845
Purchases of treasury stock			(976	)			—				—				—				—				(976	)
Distribution to noncontrolling partners in the Partnership			—				—				—				(15,459	)			—				(15,459	)
Capital distribution, net			—				(210,615	)			(211,617	)			—				422,232				—
Borrowings (repayments) between subsidiaries, net			(91,959	)			—				91,842				117				—				—

Net cash used in financing activities			687				(210,615	)			(119,775	)			(316,533	)			422,232				(224,004	)

Effect of exchange rate changes on cash and cash equivalents			—				—				—				7,325				—				7,325

Net decrease in cash and cash equivalents			(114	)			—				(29,045	)			(11,002	)			—				(40,161	)
Cash and cash equivalents at beginning of year			163				—				33,999				89,744				—				123,906

Cash and cash equivalents at end of year		$	49			$	—			$	4,954			$	78,742			$	—			$	83,745