Supplemental Guarantor Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Supplemental Guarantor Financial Information

Condensed Consolidating Balance Sheet

December 31, 2012

(In thousands)

	Parent		Guarantor Subsidiaries		Other Subsidiaries		Eliminations			Consolidation
ASSETS

Current assets	$	142	$	754,303	$	461,810	$	(33	)	$	1,216,222
Current assets associated with discontinued operations	—		—		21,746		—			21,746
Total current assets	142		754,303		483,556		(33		)	1,237,968
Property, plant and equipment, net	—		1,299,797		1,542,234		—			2,842,031
Investments in affiliates	1,631,185		1,145,551		—		(2,776,736		)	—
Intangible and other assets, net	33,234		37,748		123,681		(19,815		)	174,848
Intercompany receivables	704,319		83,362		419,108		(1,206,789		)	—
Total long-term assets	2,368,738		2,566,458		2,085,023		(4,003,340		)	3,016,879
Total assets	$	2,368,880	$	3,320,761	$	2,568,579	$	(4,003,373	)	$	4,254,847

LIABILITIES AND EQUITY

Current liabilities	$	5,844	$	462,668	$	294,529	$	(74	)	$	762,967
Current liabilities associated with discontinued operations	—		—		11,572		—			11,572
Total current liabilities	5,844		462,668		306,101		(74		)	774,539
Long-term debt	884,423		—		680,500		—			1,564,923
Intercompany payables	—		1,123,427		83,362		(1,206,789		)	—
Other long-term liabilities	—		103,481		128,375		(19,774		)	212,082
Long-term liabilities associated with discontinued operations	—		—		1,044		—			1,044
Total liabilities	890,267		1,689,576		1,199,382		(1,226,637		)	2,552,588
Total equity	1,478,613		1,631,185		1,369,197		(2,776,736		)	1,702,259
Total liabilities and equity	$	2,368,880	$	3,320,761	$	2,568,579	$	(4,003,373	)	$	4,254,847

Condensed Consolidating Balance Sheet

December 31, 2011

(In thousands)

	Parent		Guarantor Subsidiaries		Other Subsidiaries		Eliminations			Consolidation
ASSETS

Current assets	$	94	$	562,964	$	522,193	$	12		$	1,085,263
Current assets associated with discontinued operations	—		—		38,664		—			38,664
Total current assets	94		562,964		560,857		12			1,123,927
Property, plant and equipment, net	—		1,504,399		1,430,265		—			2,934,664
Investments in affiliates	1,531,223		1,456,782		—		(2,988,005		)	—
Intangible and other assets, net	57,556		78,835		125,248		(38,788		)	222,851
Intercompany receivables	1,092,298		96,378		637,165		(1,825,841		)	—
Long-term assets associated with discontinued operations	—		—		79,220		—			79,220
Total long-term assets	2,681,077		3,136,394		2,271,898		(4,852,634		)	3,236,735
Total assets	$	2,681,171	$	3,699,358	$	2,832,755	$	(4,852,622	)	$	4,360,662

LIABILITIES AND EQUITY

Current liabilities	$	14,268	$	352,981	$	299,408	$	(12,918	)	$	653,739
Current liabilities associated with discontinued operations	—		—		16,142		—			16,142
Total current liabilities	14,268		352,981		315,550		(12,918		)	669,881
Long-term debt	1,227,399		—		545,640		—			1,773,039
Intercompany payables	—		1,705,911		119,930		(1,825,841		)	—
Other long-term liabilities	2,268		109,243		137,359		(25,858		)	223,012
Long-term liabilities associated with discontinued operations	—		—		14,688		—			14,688
Total liabilities	1,243,935		2,168,135		1,133,167		(1,864,617		)	2,680,620
Total equity	1,437,236		1,531,223		1,699,588		(2,988,005		)	1,680,042
Total liabilities and equity	$	2,681,171	$	3,699,358	$	2,832,755	$	(4,852,622	)	$	4,360,662

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Year Ended December 31, 2012

(In thousands)

	Parent			Guarantor Subsidiaries			Other Subsidiaries			Eliminations			Consolidation
Revenues	$	—		$	1,766,798		$	1,228,428		$	(191,624	)	$	2,803,602
Costs of sales (excluding depreciation and amortization expense)	—			1,393,194			767,809			(191,624		)	1,969,379
Selling, general and administrative	788			203,067			172,504			—			376,359
Depreciation and amortization	—			136,236			214,611			—			350,847
Long-lived asset impairment	—			100,617			82,828			—			183,445
Restructuring charges	—			4,019			2,617			—			6,636
Interest expense	99,236			9,551			25,589			—			134,376
Other (income) expense:
Intercompany charges, net	(57,651		)	49,753			7,898			—			—
Equity in income of affiliates	11,744			(49,638		)	(51,483		)	37,894			(51,483		)
Other, net	40			(9,848		)	10,238			—			430
Loss before income taxes	(54,157		)	(70,153		)	(4,183		)	(37,894		)	(166,387		)
Provision for (benefit from) income taxes	(14,671		)	(58,409		)	10,705			—			(62,375		)
Loss from continuing operations	(39,486		)	(11,744		)	(14,888		)	(37,894		)	(104,012		)
Income from discontinued operations, net of tax	—			—			66,843			—			66,843
Net income (loss)	(39,486		)	(11,744		)	51,955			(37,894		)	(37,169		)
Less: Net income attributable to the noncontrolling interest	—			—			(2,317		)	—			(2,317		)
Net income (loss) attributable to Exterran stockholders	(39,486		)	(11,744		)	49,638			(37,894		)	(39,486		)
Other comprehensive income attributable to Exterran stockholders	17,850			10,292			3,888			(14,180		)	17,850
Comprehensive income (loss) attributable to Exterran stockholders	$	(21,636	)	$	(1,452	)	$	53,526		$	(52,074	)	$	(21,636	)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Year Ended December 31, 2011

(In thousands)

	Parent			Guarantor Subsidiaries			Other Subsidiaries			Eliminations			Consolidation
Revenues	$	—		$	1,363,693		$	1,555,465		$	(289,279	)	$	2,629,879
Costs of sales (excluding depreciation and amortization expense)	—			1,091,719			1,099,012			(289,279		)	1,901,452
Selling, general and administrative	550			175,523			176,707			—			352,780
Depreciation and amortization	—			149,658			207,314			—			356,972
Long-lived asset impairment	—			4,724			1,344			—			6,068
Restructuring charges	—			—			11,594			—			11,594
Goodwill impairment	—			147,541			49,266			—			196,807
Interest expense	106,243			2,634			40,596			—			149,473
Other (income) expense:
Intercompany charges, net	(67,493		)	67,493			—			—			—
Equity in loss of affiliates	315,023			100,239			471			(415,262		)	471
Other, net	40			(10,586		)	4,926			—			(5,620		)
Loss before income taxes	(354,363		)	(365,252		)	(35,765		)	415,262			(340,118		)
Provision for (benefit from) income taxes	(13,755		)	(50,229		)	53,379			—			(10,605		)
Loss from continuing operations	(340,608		)	(315,023		)	(89,144		)	415,262			(329,513		)
Loss from discontinued operations, net of tax	—			—			(10,105		)	—			(10,105		)
Net loss	(340,608		)	(315,023		)	(99,249		)	415,262			(339,618		)
Less: Net income attributable to the noncontrolling interest	—			—			(990		)	—			(990		)
Net loss attributable to Exterran stockholders	(340,608		)	(315,023		)	(100,239		)	415,262			(340,608		)
Other comprehensive income attributable to Exterran stockholders	26,284			17,519			6,319			(23,838		)	26,284
Comprehensive loss attributable to Exterran stockholders	$	(314,324	)	$	(297,504	)	$	(93,920	)	$	391,424		$	(314,324	)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Year Ended December 31, 2010

(In thousands)

	Parent			Guarantor Subsidiaries			Other Subsidiaries			Eliminations			Consolidation
Revenues	$	—		$	1,046,815		$	1,615,474		$	(245,106	)	$	2,417,183
Costs of sales (excluding depreciation and amortization expense)	—			849,663			1,015,538			(245,106		)	1,620,095
Selling, general and administrative	802			149,689			201,507			—			351,998
Depreciation and amortization	—			135,028			257,125			—			392,153
Long-lived asset impairment	—			111,793			32,081			—			143,874
Interest (income) expense	32,792			(10,173		)	113,530			—			136,149
Other (income) expense:
Intercompany charges, net	(41,697		)	41,697			—			—			—
Equity in (income) loss of affiliates	124,349			(23,268		)	609			(101,081		)	609
Other, net	40			(15,295		)	3,842			—			(11,413		)
Loss before income taxes	(116,286		)	(192,319		)	(8,758		)	101,081			(216,282		)
Provision for (benefit from) income taxes	(14,461		)	(67,970		)	20,129			—			(62,302		)
Loss from continuing operations	(101,825		)	(124,349		)	(28,887		)	101,081			(153,980		)
Income from discontinued operations, net of tax	—			—			40,739			—			40,739
Net income (loss)	(101,825		)	(124,349		)	11,852			101,081			(113,241		)
Less: Net loss attributable to the noncontrolling interest	—			—			11,416			—			11,416
Net income (loss) attributable to Exterran stockholders	(101,825		)	(124,349		)	23,268			101,081			(101,825		)
Other comprehensive income attributable to Exterran stockholders	6,773			2,501			1,625			(4,126		)	6,773
Comprehensive income (loss) attributable to Exterran stockholders	$	(95,052	)	$	(121,848	)	$	24,893		$	96,955		$	(95,052	)

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2012

(In thousands)

	Parent			Guarantor Subsidiaries			Other Subsidiaries			Eliminations			Consolidation
Cash flows from operating activities:
Net cash provided by (used in) continuing operations	$	(6,877	)	$	127,305		$	267,443		$	—		$	387,871
Net cash provided by discontinued operations	—			—			2,054			—			2,054
Net cash provided by (used in) operating activities	(6,877		)	127,305			269,497			—			389,925
Cash flows from investing activities:
Capital expenditures	—			(205,356		)	(223,375		)	—			(428,731		)
Contract operations acquisition	—			77,415			(77,415		)	—			—
Proceeds from sale of property, plant and equipment	—			14,511			21,489			—			36,000
Capital distributions received from consolidated subsidiaries	—			30,782			—			(30,782		)	—
Increase in restricted cash	—			—			(162		)	—			(162		)
Return of investments in non-consolidated affiliates	—			—			51,707			—			51,707
Cash invested in non-consolidated affiliates	—			—			(224		)	—			(224		)
Investment in consolidated subsidiaries	—			(27,184		)	—			27,184			—
Net cash used in continuing operations	—			(109,832		)	(227,980		)	(3,598		)	(341,410		)
Net cash provided by discontinued operations	—			—			135,959			—			135,959
Net cash used in investing activities	—			(109,832		)	(92,021		)	(3,598		)	(205,451		)
Cash flows from financing activities:
Proceeds from borrowings of long-term debt	1,164,000			—			714,000			—			1,878,000
Repayments of long-term debt	(1,422,150		)	—			(684,489		)	—			(2,106,639		)
Payments for debt issuance costs	—			—			(1,011		)	—			(1,011		)
Net proceeds from the sale of Partnership units	—			—			114,530			—			114,530
Proceeds from stock options exercised	562			—			—			—			562
Proceeds from stock issued pursuant to our employee stock purchase plan	1,635			—			—			—			1,635
Purchases of treasury stock	(2,422		)	—			—			—			(2,422		)
Stock-based compensation excess tax benefit	1,139			—			—			—			1,139
Distributions to noncontrolling partners in the Partnership	—			—			(87,866		)	30,782			(57,084		)
Net proceeds from sale of general partner units	—			—			2,426			(2,426		)	—
Capital contributions received from parent	—			—			24,758			(24,758		)	—
Borrowings (repayments) between consolidated subsidiaries, net	264,044			(9,822		)	(254,222		)	—			—
Net cash provided by (used in) financing activities	6,808			(9,822		)	(171,874		)	3,598			(171,290		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(486		)	—			(486		)
Net increase (decrease) in cash and cash equivalents	(69		)	7,651			5,116			—			12,698
Cash and cash equivalents at beginning of year	93			2,810			19,000			—			21,903
Cash and cash equivalents at end of year	$	24		$	10,461		$	24,116		$	—		$	34,601

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2011

(In thousands)

	Parent			Guarantor Subsidiaries			Other Subsidiaries			Eliminations			Consolidation
Cash flows from operating activities:
Net cash provided by (used in) continuing operations	$	(1,191	)	$	62,519		$	50,389		$	—		$	111,717
Net cash provided by discontinued operations	—			—			8,726			—			8,726
Net cash provided by (used in) operating activities	(1,191		)	62,519			59,115			—			120,443
Cash flows from investing activities:
Capital expenditures	—			(171,470		)	(100,715		)	—			(272,185		)
Contract operations acquisition	—			62,217			(62,217		)	—			—
Proceeds from sale of property, plant and equipment	—			13,423			29,619			—			43,042
Cash paid for business acquisition	—			(3,000		)	—			—			(3,000		)
Capital distributions received from consolidated subsidiaries	—			30,766			—			(30,766		)	—
Decrease in restricted cash	—			—			820			—			820
Investment in consolidated subsidiaries	—			(33,713		)	—			33,713			—
Cash invested in non-consolidated affiliates	—			—			(471		)	—			(471		)
Return on investments in consolidated subsidiaries	87,419			—			87,419			(174,838		)	—
Net cash provided by (used in) continuing operations	87,419			(101,777		)	(45,545		)	(171,891		)	(231,794		)
Net cash used in discontinued operations	—			—			(7,390		)	—			(7,390		)
Net cash provided by (used in) investing activities	87,419			(101,777		)	(52,935		)	(171,891		)	(239,184		)
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	(1,409,644		)	—			(626,527		)	—			(2,036,171		)
Payments for debt issuance costs	(7,666		)	—			(1,157		)	—			(8,823		)
Net proceeds from the sale of Partnership units	—			162,236			127,672			—			289,908
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	—			—			(70,636		)	30,766			(39,870		)
Net proceeds from sale of general partner units	—			—			1,316			(1,316		)	—
Capital distributions to affiliates	—			(87,419		)	(87,419		)	174,838			—
Capital contributions received from parent	—			—			32,397			(32,397		)	—
Borrowings (repayments) between consolidated subsidiaries, net	(5,731		)	(34,285		)	40,016			—			—
Net cash provided by (used in) financing activities	(86,295		)	40,532			(26,838		)	171,891			99,290
Effect of exchange rate changes on cash and cash equivalents	—			—			(3,007		)	—			(3,007		)
Net increase (decrease) in cash and cash equivalents	(67		)	1,274			(23,665		)	—			(22,458		)
Cash and cash equivalents at beginning of year	160			1,536			42,665			—			44,361
Cash and cash equivalents at end of year	$	93		$	2,810		$	19,000		$	—		$	21,903

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2010

(In thousands)

	Parent			Guarantor Subsidiaries			Other Subsidiaries			Eliminations			Consolidation
Cash flows from operating activities:
Net cash provided by (used in) continuing operations	$	(7,515	)	$	66,224		$	316,568		$	—		$	375,277
Net cash used in discontinued operations	—			—			(8,964		)	—			(8,964		)
Net cash provided by (used in) operating activities	(7,515		)	66,224			307,604			—			366,313
Cash flows from investing activities:
Capital expenditures	—			(95,309		)	(136,298		)	—			(231,607		)
Proceeds from sale of property, plant and equipment	—			13,970			7,758			—			21,728
Capital distributions received from consolidated subsidiaries	—			32,460			—			(32,460		)	—
Decrease in restricted cash	—			—			12,930			—			12,930
Investment in consolidated subsidiaries	—			(24,720		)	—			24,720			—
Cash invested in non-consolidated affiliates	—			—			(609		)	—			(609		)
Return on investments in consolidated subsidiaries	109,556			—			109,556			(219,112		)	—
Net cash provided by (used in) continuing operations	109,556			(73,599		)	(6,663		)	(226,852		)	(197,558		)
Net cash provided by discontinued operations	—			—			94,593			—			94,593
Net cash provided by (used in) investing activities	109,556			(73,599		)	87,930			(226,852		)	(102,965		)
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		)
Net proceeds from the sale of Partnership units	—			109,365			—			—			109,365
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
Distributions to noncontrolling partners in the Partnership	—			—			(50,490		)	32,460			(18,030		)
Capital distributions to affiliates	—			(109,556		)	(109,556		)	219,112			—
Capital contributions received from parent	—			—			24,720			(24,720		)	—
Borrowings (repayments) between consolidated subsidiaries, net	(263,741		)	4,148			259,593			—			—
Net cash provided by (used in) financing activities	(101,930		)	3,957			(427,546		)	226,852			(298,667		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(1,872		)	—			(1,872		)
Net increase (decrease) in cash and cash equivalents	111			(3,418		)	(33,884		)	—			(37,191		)
Cash and cash equivalents at beginning of year	49			4,954			76,549			—			81,552
Cash and cash equivalents at end of year	$	160		$	1,536		$	42,665		$	—		$	44,361