Supplemental Guarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

September 30, 2015

(In thousands)



	Parent		Guarantor Subsidiaries		Other Subsidiaries		Eliminations			Consolidation
ASSETS

Current assets	$	792	$	612,488	$	557,043	$	—		$	1,170,323
Current assets associated with discontinued operations	—		—		263		—			263
Total current assets	792		612,488		557,306		—			1,170,586
Property, plant and equipment, net	—		922,974		2,370,392		—			3,293,366
Investments in affiliates	1,810,278		1,725,780		—		(3,536,058		)	—
Goodwill	—		—		3,738		—			3,738
Intangible and other assets, net	5,784		31,020		178,543		(115		)	215,232
Intercompany receivables	688,672		18,957		432,400		(1,140,029		)	—
Long-term assets associated with discontinued operations	—		—		15,996		—			15,996
Total long-term assets	2,504,734		2,698,731		3,001,069		(4,676,202		)	3,528,332
Total assets	$	2,505,526	$	3,311,219	$	3,558,375	$	(4,676,202	)	$	4,698,918

LIABILITIES AND EQUITY

Current liabilities	$	8,789	$	235,346	$	220,368	$	—		$	464,503
Current liabilities associated with discontinued operations	—		—		677		—			677
Total current liabilities	8,789		235,346		221,045		—			465,180
Long-term debt	680,000		738		1,395,166		—			2,075,904
Intercompany payables	—		1,121,072		18,957		(1,140,029		)	—
Other long-term liabilities	—		143,785		112,955		(115		)	256,625
Long-term liabilities associated with discontinued operations	—		—		162		—			162
Total liabilities	688,789		1,500,941		1,748,285		(1,140,144		)	2,797,871
Total equity	1,816,737		1,810,278		1,810,090		(3,536,058		)	1,901,047
Total liabilities and equity	$	2,505,526	$	3,311,219	$	3,558,375	$	(4,676,202	)	$	4,698,918

Condensed Consolidating Balance Sheet

December 31, 2014

(In thousands)



	Parent		Guarantor Subsidiaries		Other Subsidiaries		Eliminations			Consolidation
ASSETS

Current assets	$	4,846	$	649,719	$	610,574	$	—		$	1,265,139
Current assets associated with discontinued operations	—		—		537		—			537
Total current assets	4,846		649,719		611,111		—			1,265,676
Property, plant and equipment, net	—		1,124,786		2,202,106		—			3,326,892
Investments in affiliates	1,786,572		1,744,614		—		(3,531,186		)	—
Goodwill	—		—		3,738		—			3,738
Intangible and other assets, net	5,966		33,292		204,114		—			243,372
Intercompany receivables	727,896		12,023		529,274		(1,269,193		)	—
Long-term assets associated with discontinued operations	—		—		17,469		—			17,469
Total long-term assets	2,520,434		2,914,715		2,956,701		(4,800,379		)	3,591,471
Total assets	$	2,525,280	$	3,564,434	$	3,567,812	$	(4,800,379	)	$	4,857,147

LIABILITIES AND EQUITY

Current liabilities	$	2,520	$	353,851	$	252,281	$	—		$	608,652
Current liabilities associated with discontinued operations	—		—		2,066		—			2,066
Total current liabilities	2,520		353,851		254,347		—			610,718
Long-term debt	725,500		1,107		1,300,295		—			2,026,902
Intercompany payables	—		1,257,170		12,023		(1,269,193		)	—
Other long-term liabilities	—		165,734		100,431		—			266,165
Long-term liabilities associated with discontinued operations	—		—		317		—			317
Total liabilities	728,020		1,777,862		1,667,413		(1,269,193		)	2,904,102
Total equity	1,797,260		1,786,572		1,900,399		(3,531,186		)	1,953,045
Total liabilities and equity	$	2,525,280	$	3,564,434	$	3,567,812	$	(4,800,379	)	$	4,857,147

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Three Months Ended September 30, 2015

(In thousands)



	Parent			Guarantor Subsidiaries			Other Subsidiaries			Eliminations			Consolidation
Revenues	$	—		$	314,478		$	404,343		$	(69,320	)	$	649,501
Costs of sales (excluding depreciation and amortization expense)	—			238,327			240,732			(69,320		)	409,739
Selling, general and administrative	159			38,569			43,396			—			82,124
Depreciation and amortization	—			29,900			65,024			—			94,924
Long-lived asset impairment	—			15,080			8,628			—			23,708
Restructuring and other charges	—			10,220			1,778			—			11,998
Interest expense	9,219			234			19,124			—			28,577
Intercompany charges, net	(8,653		)	8,013			640			—			—
Equity in (income) loss of affiliates	5,823			(208		)	(5,084		)	(5,615		)	(5,084		)
Other (income) expense, net	10			2,735			27,384			—			30,129
Income (loss) before income taxes	(6,558		)	(28,392		)	2,721			5,615			(26,614		)
Provision for (benefit from) income taxes	(254		)	(22,569		)	19,218			—			(3,605		)
Loss from continuing operations	(6,304		)	(5,823		)	(16,497		)	5,615			(23,009		)
Income from discontinued operations, net of tax	—			—			18,776			—			18,776
Net income (loss)	(6,304		)	(5,823		)	2,279			5,615			(4,233		)
Less: Net income attributable to the noncontrolling interest	—			—			(2,071		)	—			(2,071		)
Net income (loss) attributable to Exterran stockholders	(6,304		)	(5,823		)	208			5,615			(6,304		)
Other comprehensive income attributable to Exterran stockholders	3,911			3,058			3,239			(6,297		)	3,911
Comprehensive income (loss) attributable to Exterran stockholders	$	(2,393	)	$	(2,765	)	$	3,447		$	(682	)	$	(2,393	)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Three Months Ended September 30, 2014

(In thousands)



	Parent			Guarantor Subsidiaries			Other Subsidiaries			Eliminations			Consolidation
Revenues	$	—		$	367,326		$	408,847		$	(52,341	)	$	723,832
Costs of sales (excluding depreciation and amortization expense)	—			260,530			249,158			(52,341		)	457,347
Selling, general and administrative	61			43,437			51,308			—			94,806
Depreciation and amortization	—			32,040			66,216			—			98,256
Long-lived asset impairment	—			7,783			4,602			—			12,385
Restructuring and other charges	—			94			125			—			219
Interest expense	9,593			396			15,748			—			25,737
Intercompany charges, net	(9,006		)	8,026			980			—			—
Equity in income of affiliates	(34,481		)	(28,290		)	(4,951		)	62,771			(4,951		)
Other (income) expense, net	10			1,301			3,352			—			4,663
Income before income taxes	33,823			42,009			22,309			(62,771		)	35,370
Provision for (benefit from) income taxes	(227		)	7,528			3,914			—			11,215
Income from continuing operations	34,050			34,481			18,395			(62,771		)	24,155
Income from discontinued operations, net of tax	—			—			18,003			—			18,003
Net income	34,050			34,481			36,398			(62,771		)	42,158
Less: Net income attributable to the noncontrolling interest	—			—			(8,108		)	—			(8,108		)
Net income attributable to Exterran stockholders	34,050			34,481			28,290			(62,771		)	34,050
Other comprehensive loss attributable to Exterran stockholders	(5,630		)	(5,687		)	(5,498		)	11,185			(5,630		)
Comprehensive income attributable to Exterran stockholders	$	28,420		$	28,794		$	22,792		$	(51,586	)	$	28,420

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Nine Months Ended September 30, 2015

(In thousands)



	Parent			Guarantor Subsidiaries			Other Subsidiaries			Eliminations			Consolidation
Revenues	$	—		$	1,039,414		$	1,231,878		$	(208,877	)	$	2,062,415
Costs of sales (excluding depreciation and amortization expense)	—			789,565			726,112			(208,877		)	1,306,800
Selling, general and administrative	268			116,262			136,154			—			252,684
Depreciation and amortization	—			91,912			193,145			—			285,057
Long-lived asset impairment	—			36,521			15,339			—			51,860
Restructuring and other charges	—			29,206			7,186			—			36,392
Interest expense	27,839			459			55,975			—			84,273
Intercompany charges, net	(26,098		)	23,845			2,253			—			—
Equity in income of affiliates	(25,783		)	(56,298		)	(15,152		)	82,081			(15,152		)
Other (income) expense, net	30			2,308			36,637			—			38,975
Income before income taxes	23,744			5,634			74,229			(82,081		)	21,526
Provision for (benefit from) income taxes	(705		)	(20,149		)	35,482			—			14,628
Income from continuing operations	24,449			25,783			38,747			(82,081		)	6,898
Income from discontinued operations, net of tax	—			—			37,743			—			37,743
Net income	24,449			25,783			76,490			(82,081		)	44,641
Less: Net income attributable to the noncontrolling interest	—			—			(20,192		)	—			(20,192		)
Net income attributable to Exterran stockholders	24,449			25,783			56,298			(82,081		)	24,449
Other comprehensive loss attributable to Exterran stockholders	(3,705		)	(5,522		)	(4,732		)	10,254			(3,705		)
Comprehensive income attributable to Exterran stockholders	$	20,744		$	20,261		$	51,566		$	(71,827	)	$	20,744

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Nine Months Ended September 30, 2014

(In thousands)



	Parent			Guarantor Subsidiaries			Other Subsidiaries			Eliminations			Consolidation
Revenues	$	—		$	1,085,562		$	1,183,139		$	(162,591	)	$	2,106,110
Costs of sales (excluding depreciation and amortization expense)	—			798,368			714,388			(162,591		)	1,350,165
Selling, general and administrative	211			131,668			151,217			—			283,096
Depreciation and amortization	—			102,651			193,083			—			295,734
Long-lived asset impairment	—			16,960			9,079			—			26,039
Restructuring and other charges	—			4,692			702			—			5,394
Interest expense	45,208			1,634			39,925			—			86,767
Intercompany charges, net	(27,177		)	24,568			2,609			—			—
Equity in income of affiliates	(90,910		)	(102,779		)	(14,553		)	193,689			(14,553		)
Other (income) expense, net	30			3,082			(4,554		)	—			(1,442		)
Income before income taxes	72,638			104,718			91,243			(193,689		)	74,910
Provision for (benefit from) income taxes	(6,385		)	13,808			24,071			—			31,494
Income from continuing operations	79,023			90,910			67,172			(193,689		)	43,416
Income from discontinued operations, net of tax	—			—			54,499			—			54,499
Net income	79,023			90,910			121,671			(193,689		)	97,915
Less: Net income attributable to the noncontrolling interest	—			—			(18,892		)	—			(18,892		)
Net income attributable to Exterran stockholders	79,023			90,910			102,779			(193,689		)	79,023
Other comprehensive loss attributable to Exterran stockholders	(5,715		)	(6,531		)	(6,071		)	12,602			(5,715		)
Comprehensive income attributable to Exterran stockholders	$	73,308		$	84,379		$	96,708		$	(181,087	)	$	73,308

Condensed Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2015

(In thousands)



	Parent			Guarantor Subsidiaries			Other Subsidiaries			Eliminations			Consolidation
Cash flows from operating activities:
Net cash provided by continuing operations	$	3,629		$	2,269		$	306,462		$	—		$	312,360
Net cash provided by discontinued operations	—			—			3,441			—			3,441
Net cash provided by operating activities	3,629			2,269			309,903			—			315,801
Cash flows from investing activities:
Capital expenditures	—			(77,179		)	(273,074		)	—			(350,253		)
Proceeds from sale of property, plant and equipment	—			4,630			17,226			—			21,856
Capital distributions received from consolidated subsidiaries	—			49,265			—			(49,265		)	—
Return of investments in non-consolidated affiliates	—			—			15,185			—			15,185
Proceeds received from settlement of note receivable	—			—			5,357			—			5,357
Increase in restricted cash	—			—			(1		)	—			(1		)
Cash invested in non-consolidated affiliates	—			—			(33		)	—			(33		)
Return of investments in consolidated subsidiaries	31,167			—			—			(31,167		)	—
Net cash provided by (used in) continuing operations	31,167			(23,284		)	(235,340		)	(80,432		)	(307,889		)
Net cash provided by discontinued operations	—			—			33,119			—			33,119
Net cash provided by (used in) investing activities	31,167			(23,284		)	(202,221		)	(80,432		)	(274,770		)
Cash flows from financing activities:
Proceeds from borrowings of long-term debt	722,500			—			332,500			—			1,055,000
Repayments of long-term debt	(768,000		)	—			(238,500		)	—			(1,006,500		)
Payments for debt issuance costs	(874		)	(1,023		)	(1,311		)	—			(3,208		)
Payments for settlement of interest rate swaps that include financing elements	—			—			(2,815		)	—			(2,815		)
Net proceeds from the sale of Partnership units	—			—			1,164			—			1,164
Proceeds from stock options exercised	1,106			—			—			—			1,106
Proceeds from stock issued pursuant to our employee stock purchase plan	910			—			—			—			910
Purchases of treasury stock	(3,771		)	—			—			—			(3,771		)
Dividends to Exterran stockholders	(31,167		)	—			—			—			(31,167		)
Stock-based compensation excess tax benefit	3,048			—			—			—			3,048
Distributions to noncontrolling partners in the Partnership	—			—			(110,310		)	49,265			(61,045		)
Capital distributions to affiliates	—			(31,167		)	—			31,167			—
Borrowings (repayments) between consolidated subsidiaries, net	41,550			53,531			(95,081		)	—			—
Net cash provided by (used in) financing activities	(34,698		)	21,341			(114,353		)	80,432			(47,278		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(976		)	—			(976		)
Net increase (decrease) in cash and cash equivalents	98			326			(7,647		)	—			(7,223		)
Cash and cash equivalents at beginning of period	42			655			39,042			—			39,739
Cash and cash equivalents at end of period	$	140		$	981		$	31,395		$	—		$	32,516

Condensed Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2014

(In thousands)



	Parent			Guarantor Subsidiaries			Other Subsidiaries			Eliminations			Consolidation
Cash flows from operating activities:
Net cash provided by (used in) continuing operations	$	(1,743	)	$	79,455		$	198,456		$	—		$	276,168
Net cash provided by discontinued operations	—			—			3,954			—			3,954
Net cash provided by (used in) operating activities	(1,743		)	79,455			202,410			—			280,122
Cash flows from investing activities:
Capital expenditures	—			(116,458		)	(269,281		)	—			(385,739		)
Proceeds from sale of property, plant and equipment	—			8,274			11,462			—			19,736
Payment for business acquisitions	—			(11,743		)	(483,012		)	—			(494,755		)
Capital distributions received from consolidated subsidiaries	—			40,688			—			(40,688		)	—
Increase in restricted cash	—			—			(245		)	—			(245		)
Return of investments in non-consolidated affiliates	—			—			14,750			—			14,750
Investment in consolidated subsidiaries	—			(13,813		)	—			13,813			—
Cash invested in non-consolidated affiliates	—			—			(197		)	—			(197		)
Return of investments in consolidated subsidiaries	252,482			—			—			(252,482		)	—
Net cash provided by (used in) continuing operations	252,482			(93,052		)	(726,523		)	(279,357		)	(846,450		)
Net cash provided by discontinued operations	—			—			49,835			—			49,835
Net cash provided by (used in) investing activities	252,482			(93,052		)	(676,688		)	(279,357		)	(796,615		)
Cash flows from financing activities:
Proceeds from borrowings of long-term debt	1,056,001			—			793,798			—			1,849,799
Repayments of long-term debt	(1,073,500		)	—			(332,500		)	—			(1,406,000		)
Payments for debt issuance costs	—			—			(6,923		)	—			(6,923		)
Payments above face value for redemption of convertible debt	(15,007		)	—			—			—			(15,007		)
Payments for settlement of interest rate swaps that include financing elements	—			—			(2,844		)	—			(2,844		)
Net proceeds from the sale of Partnership units	—			—			169,471			—			169,471
Proceeds from stock options exercised	11,637			—			—			—			11,637
Proceeds from stock issued pursuant to our employee stock purchase plan	1,324			—			—			—			1,324
Purchases of treasury stock	(6,372		)	—			—			—			(6,372		)
Dividends to Exterran stockholders	(30,047		)	—			—			—			(30,047		)
Stock-based compensation excess tax benefit	8,269			—			—			—			8,269
Distributions to noncontrolling partners in the Partnership	—			—			(95,581		)	40,688			(54,893		)
Net proceeds from sale of general partner units	—			—			3,573			(3,573		)	—
Capital distributions to affiliates	—			(252,482		)	—			252,482			—
Capital contributions received from parent	—			—			10,240			(10,240		)	—
Borrowings (repayments) between consolidated subsidiaries, net	(203,025		)	264,974			(61,949		)	—			—
Net cash provided by (used in) financing activities	(250,720		)	12,492			477,285			279,357			518,414
Effect of exchange rate changes on cash and cash equivalents	—			—			(3,797		)	—			(3,797		)
Net increase (decrease) in cash and cash equivalents	19			(1,105		)	(790		)	—			(1,876		)
Cash and cash equivalents at beginning of period	11			1,554			34,100			—			35,665
Cash and cash equivalents at end of period	$	30		$	449		$	33,310		$	—		$	33,789