Background and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Background and Significant Accounting Policies

Estimated useful lives of property, plant and equipment

Compression equipment, facilities and other fleet assets		3 to 30 years
Buildings		20 to 35 years
Transportation, shop equipment and other		3 to 12 years

Schedule of correction of misclassifications

The impact of the reclassification on the statement of cash flows for the years ended December 31, 2011 and 2010 is shown below (in thousands):

	Years Ended December 31,
	2011						2010
Net Cash Provided By (Used In)	Investing Activities			Financing Activities			Investing Activities			Financing Activities
As previously reported	$	50,724		$	(190,618	)	$	6,400		$	(408,032	)
Increase (decrease)	(289,908		)	289,908			(109,365		)	109,365
As corrected	$	(239,184	)	$	99,290		$	(102,965	)	$	(298,667	)

Summary of income (loss) attributable to Exterran stockholders

The table below summarizes loss attributable to Exterran stockholders (in thousands):

	Years Ended December 31,
	2012			2011			2010
Loss from continuing operations attributable to Exterran stockholders	$	(106,329	)	$	(330,503	)	$	(142,564	)
Income (loss) from discontinued operations, net of tax	66,843			(10,105		)	40,739
Net loss attributable to Exterran stockholders	$	(39,486	)	$	(340,608	)	$	(101,825	)

Schedule of shares of common stock issuable, excluded from computation of diluted income (loss), attributable to Exterran stockholders per common share

The table below indicates the potential shares of common stock issuable that were excluded from computing diluted income (loss) attributable to Exterran stockholders per common share as their inclusion would have been anti-dilutive (in thousands):

	Years Ended December 31,
	2012	2011	2010
Net dilutive potential common shares issuable:
On exercise of options where exercise price is greater than average market value for the period	1,858	2,533	1,359
On exercise of options and vesting of restricted stock and restricted stock units	1,466	675	735
On settlement of employee stock purchase plan shares	9	23	14
On exercise of warrants	12,426	12,426	12,426
On conversion of 4.25% convertible senior notes due 2014	15,334	15,334	15,334
On conversion of 4.75% convertible senior notes due 2014	3,114	3,114	3,114
Net dilutive potential common shares issuable	34,207	34,105	32,982

Summary of fair value and carrying value of debt

A summary of the fair value and carrying value of our long-term debt as of December 31, 2012 and 2011 is shown in the table below (in thousands):

	December 31, 2012				December 31, 2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Fixed rate debt	$	814,423	$	857,000	$	794,039	$	792,000
Floating rate debt	750,500		761,000		979,000		989,000
Total debt	$	1,564,923	$	1,618,000	$	1,773,039	$	1,781,000

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

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