v2.4.0.8
Condensed Consolidating Financial Information (Tables)
12 Months Ended
Dec. 31, 2013
Condensed Consolidating Financial Information  
Schedule of condensed consolidating statement of operations

 

Year ended December 31, 2013

 

 

 

Parent
Guarantor

 

Subsidiary
Issuer

 

Other
Subsidiaries

 

Consolidating
adjustments

 

Consolidated

 

Operating revenues

 

$

18

 

$

 

$

9,468

 

$

(2

)

$

9,484

 

Cost and expenses

 

47

 

9

 

7,132

 

(2

)

7,186

 

Loss on impairment

 

 

 

(81

)

 

(81

)

Gain on disposal of assets, net

 

 

 

7

 

 

7

 

Operating income (loss)

 

(29

)

(9

)

2,262

 

 

2,224

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), net

 

 

 

 

 

 

 

 

 

 

 

Interest income (expense), net

 

(15

)

(538

)

21

 

 

(532

)

Equity in earnings

 

1,450

 

2,112

 

 

(3,562

)

 

Other, net

 

1

 

(15

)

(14

)

 

(28

)

 

 

1,436

 

1,559

 

7

 

(3,562

)

(560

)

Income from continuing operations before income tax expense

 

1,407

 

1,550

 

2,269

 

(3,562

)

1,664

 

Income tax expense

 

 

 

258

 

 

258

 

Income from continuing operations

 

1,407

 

1,550

 

2,011

 

(3,562

)

1,406

 

Gain (loss) from discontinued operations, net of tax

 

 

(97

)

98

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

1,407

 

1,453

 

2,109

 

(3,562

)

1,407

 

Net income attributable to noncontrolling interest

 

 

 

 

 

 

Net income attributable to controlling interest

 

1,407

 

1,453

 

2,109

 

(3,562

)

1,407

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income before income taxes

 

3

 

238

 

19

 

 

260

 

Income taxes related to other comprehensive loss

 

 

 

2

 

 

2

 

Other comprehensive income, net of income taxes

 

3

 

238

 

21

 

 

262

 

 

 

 

 

 

 

 

 

 

 

 

 

Total comprehensive income

 

1,410

 

1,691

 

2,130

 

(3,562

)

1,669

 

Total comprehensive income attributable to noncontrolling interest

 

 

 

 

3

 

 

3

 

Total comprehensive income attributable to controlling interest

 

$

1,410

 

$

1,691

 

$

2,127

 

$

(3,562

)

$

1,666

 

 

 

 

Year ended December 31, 2012

 

 

 

Parent
Guarantor

 

Subsidiary
Issuer

 

Other
Subsidiaries

 

Consolidating
adjustments

 

Consolidated

 

Operating revenues

 

$

 

$

5

 

$

9,213

 

$

(22

)

$

9,196

 

Cost and expenses

 

54

 

16

 

7,463

 

(22

)

7,511

 

Loss on impairment

 

 

 

(140

)

 

(140

)

Gain on disposal of assets, net

 

 

 

36

 

 

36

 

Operating income (loss)

 

(54

)

(11

)

1,646

 

 

1,581

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), net

 

 

 

 

 

 

 

 

 

 

 

Interest expense, net

 

(12

)

(576

)

(79

)

 

(667

)

Equity in earnings

 

(153

)

402

 

 

(249

)

 

Other, net

 

 

(4

)

(44

)

 

(48

)

 

 

(165

)

(178

)

(123

)

(249

)

(715

)

Income (loss) from continuing operations before income tax expense

 

(219

)

(189

)

1,523

 

(249

)

866

 

Income tax expense

 

 

 

50

 

 

50

 

Income (loss) from continuing operations

 

(219

)

(189

)

1,473

 

(249

)

816

 

Loss from discontinued operations, net of tax

 

 

 

(1,027

)

 

(1,027

)

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

(219

)

(189

)

446

 

(249

)

(211

)

Net income attributable to noncontrolling interest

 

 

 

8

 

 

8

 

Net income (loss) attributable to controlling interest

 

(219

)

(189

)

438

 

(249

)

(219

)

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) before income taxes

 

(5

)

(31

)

35

 

 

(1

)

Income taxes related to other comprehensive loss

 

 

 

(7

)

 

(7

)

Other comprehensive income (loss), net of income taxes

 

(5

)

(31

)

28

 

 

(8

)

 

 

 

 

 

 

 

 

 

 

 

 

Total comprehensive income (loss)

 

(224

)

(220

)

474

 

(249

)

(219

)

Total comprehensive income attributable to noncontrolling interest

 

 

 

8

 

 

8

 

Total comprehensive income (loss) attributable to controlling interest

 

$

(224

)

$

(220

)

$

466

 

$

(249

)

$

(227

)

 

 

 

Year ended December 31, 2011

 

 

 

Parent
Guarantor

 

Subsidiary
Issuer

 

Other
Subsidiaries

 

Consolidating
adjustments

 

Consolidated

 

Operating revenues

 

$

 

$

 

$

8,045

 

$

(18

)

$

8,027

 

Cost and expenses

 

44

 

4

 

7,546

 

(18

)

7,576

 

Loss on impairment

 

 

 

(5,201

)

 

(5,201

)

Loss on disposal of assets, net

 

 

 

(12

)

 

(12

)

Operating loss

 

(44

)

(4

)

(4,714

)

 

(4,762

)

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), net

 

 

 

 

 

 

 

 

 

 

 

Interest expense, net

 

(11

)

(510

)

(56

)

 

(577

)

Equity in earnings

 

(5,699

)

(5,174

)

 

10,873

 

 

Other, net

 

 

9

 

(108

)

 

(99

)

 

 

(5,710

)

(5,675

)

(164

)

10,873

 

(676

)

Loss from continuing operations before income tax expense

 

(5,754

)

(5,679

)

(4,878

)

10,873

 

(5,438

)

Income tax expense

 

 

 

324

 

 

324

 

Loss from continuing operations

 

(5,754

)

(5,679

)

(5,202

)

10,873

 

(5,762

)

Income from discontinued operations, net of tax

 

 

 

85

 

 

85

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

(5,754

)

(5,679

)

(5,117

)

10,873

 

(5,677

)

Net income attributable to noncontrolling interest

 

 

 

77

 

 

77

 

Net loss attributable to controlling interest

 

(5,754

)

(5,679

)

(5,194

)

10,873

 

(5,754

)

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive loss before income taxes

 

(3

)

(114

)

(64

)

 

(181

)

Income taxes related to other comprehensive loss

 

 

 

13

 

 

13

 

Other comprehensive loss, net of income taxes

 

(3

)

(114

)

(51

)

 

(168

)

 

 

 

 

 

 

 

 

 

 

 

 

Total comprehensive loss

 

(5,757

)

(5,793

)

(5,168

)

10,873

 

(5,845

)

Total comprehensive income attributable to noncontrolling interest

 

 

 

73

 

 

73

 

Total comprehensive loss attributable to controlling interest

 

$

(5,757

)

$

(5,793

)

$

(5,241

)

$

10,873

 

$

(5,918

)

 

 

 

Schedule of condensed consolidating balance sheet

 

December 31, 2013

 

 

 

Parent
Guarantor

 

Subsidiary
Issuer

 

Other
Subsidiaries

 

Consolidating
adjustments

 

Consolidated

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

4

 

$

1,617

 

$

1,622

 

$

 

$

3,243

 

Other current assets

 

22

 

1,302

 

4,607

 

(2,402

)

3,529

 

Total current assets

 

26

 

2,919

 

6,229

 

(2,402

)

6,772

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

 

 

21,707

 

 

21,707

 

Goodwill

 

 

 

2,987

 

 

2,987

 

Investment in affiliates

 

18,151

 

31,308

 

 

(49,459

)

 

Other assets

 

 

2,427

 

19,954

 

(21,301

)

1,080

 

Total assets

 

18,177

 

36,654

 

50,877

 

(73,162

)

32,546

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities and equity

 

 

 

 

 

 

 

 

 

 

 

Debt due within one year

 

 

 

323

 

 

323

 

Other current liabilities

 

214

 

526

 

4,893

 

(2,402

)

3,231

 

Total current liabilities

 

214

 

526

 

5,216

 

(2,402

)

3,554

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

1,237

 

18,759

 

11,684

 

(21,301

)

10,379

 

Other long-term liabilities

 

35

 

232

 

1,661

 

 

1,928

 

Total long-term liabilities

 

1,272

 

18,991

 

13,345

 

(21,301

)

12,307

 

 

 

 

 

 

 

 

 

 

 

 

 

Commitments and contingencies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity

 

16,691

 

17,137

 

32,316

 

(49,459

)

16,685

 

Total liabilities and equity

 

$

18,177

 

$

36,654

 

$

50,877

 

$

(73,162

)

$

32,546

 

 

 

 

December 31, 2012

 

 

 

Parent
Guarantor

 

Subsidiary
Issuer

 

Other
Subsidiaries

 

Consolidating
adjustments

 

Consolidated

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

24

 

$

3,155

 

$

1,955

 

$

 

$

5,134

 

Other current assets

 

7

 

1,901

 

3,852

 

(2,247

)

3,513

 

Total current assets

 

31

 

5,056

 

5,807

 

(2,247

)

8,647

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

 

 

20,880

 

 

20,880

 

Goodwill

 

 

 

2,987

 

 

2,987

 

Investment in affiliates

 

16,354

 

27,933

 

 

(44,287

)

 

Other assets

 

 

1,804

 

18,244

 

(18,307

)

1,741

 

Total assets

 

16,385

 

34,793

 

47,918

 

(64,841

)

34,255

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities and equity

 

 

 

 

 

 

 

 

 

 

 

Debt due within one year

 

 

564

 

803

 

 

1,367

 

Other current liabilities

 

13

 

632

 

5,698

 

(2,247

)

4,096

 

Total current liabilities

 

13

 

1,196

 

6,501

 

(2,247

)

5,463

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

594

 

17,772

 

11,033

 

(18,307

)

11,092

 

Other long-term liabilities

 

33

 

454

 

1,483

 

 

1,970

 

Total long-term liabilities

 

627

 

18,226

 

12,516

 

(18,307

)

13,062

 

 

 

 

 

 

 

 

 

 

 

 

 

Commitments and contingencies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity

 

15,745

 

15,371

 

28,901

 

(44,287

)

15,730

 

Total liabilities and equity

 

$

16,385

 

$

34,793

 

$

47,918

 

$

(64,841

)

$

34,255

 

 

 

 

Schedule of condensed consolidating statement of cash flows

 

 

 

Year ended December 31, 2013

 

 

 

Parent
Guarantor

 

Subsidiary
Issuer

 

Other
Subsidiaries

 

Consolidating
adjustments

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from operating activities

 

$

(51

)

$

(661

)

$

2,630

 

$

 

$

1,918

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

 

 

(2,238

)

 

(2,238

)

Proceeds from disposal of assets, net

 

 

 

174

 

 

174

 

Proceeds from disposal of discontinued operations, net

 

 

 

204

 

 

204

 

Proceeds from sale of preference shares

 

 

185

 

 

 

185

 

Investing activities with affiliates, net

 

 

(1,461

)

(1,100

)

2,561

 

 

Other, net

 

 

 

17

 

 

17

 

Net cash used in investing activities

 

 

(1,276

)

(2,943

)

2,561

 

(1,658

)

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

 

 

 

 

 

 

Repayments of debt

 

 

(562

)

(1,130

)

 

(1,692

)

Proceeds from restricted cash investments

 

 

 

298

 

 

298

 

Deposits to restricted cash investments

 

 

 

(119

)

 

(119

)

Distribution of qualifying additional paid-in capital

 

(606

)

 

 

 

(606

)

Financing activities with affiliates, net

 

643

 

978

 

940

 

(2,561

)

 

Other, net

 

(6

)

(17

)

(9

)

 

(32

)

Net cash provided by (used in) financing activities

 

31

 

399

 

(20

)

(2,561

)

(2,151

)

 

 

 

 

 

 

 

 

 

 

 

 

Net decrease in cash and cash equivalents

 

(20

)

(1,538

)

(333

)

 

(1,891

)

Cash and cash equivalents at beginning of period

 

24

 

3,155

 

1,955

 

 

5,134

 

Cash and cash equivalents at end of period

 

$

4

 

$

1,617

 

$

1,622

 

$

 

$

3,243

 

 

 

 

Year ended December 31, 2012

 

 

 

Parent
Guarantor

 

Subsidiary
Issuer

 

Other
Subsidiaries

 

Consolidating
adjustments

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from operating activities

 

$

(86

)

$

(953

)

$

3,747

 

$

 

$

2,708

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

 

 

(1,303

)

 

(1,303

)

Capital expenditures for discontinued operations

 

 

 

(106

)

 

(106

)

Proceeds from disposal of assets, net

 

 

 

191

 

 

191

 

Proceeds from disposal of discontinued operations, net

 

 

568

 

221

 

 

789

 

Investing activities with affiliates, net

 

(165

)

(2,344

)

(3,726

)

6,235

 

 

Other, net

 

 

29

 

11

 

 

40

 

Net cash provided by (used in) investing activities

 

(165

)

(1,747

)

(4,712

)

6,235

 

(389

)

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

 

 

 

 

 

 

Changes in short-term borrowings, net

 

 

 

(260

)

 

(260

)

Proceeds from debt

 

 

1,493

 

 

 

1,493

 

Repayments of debt

 

 

(1,689

)

(593

)

 

(2,282

)

Proceeds from restricted cash investments

 

 

 

311

 

 

311

 

Deposits to restricted cash investments

 

 

 

(167

)

 

(167

)

Distribution of qualifying additional paid-in capital

 

(276

)

 

 

 

(276

)

Financing activities with affiliates, net

 

549

 

3,276

 

2,410

 

(6,235

)

 

Other, net

 

(1

)

(18

)

(2

)

 

(21

)

Net cash provided by (used in) financing activities

 

272

 

3,062

 

1,699

 

(6,235

)

(1,202

)

 

 

 

 

 

 

 

 

 

 

 

 

Net increase (decrease) in cash and cash equivalents

 

21

 

362

 

734

 

 

1,117

 

Cash and cash equivalents at beginning of period

 

3

 

2,793

 

1,221

 

 

4,017

 

Cash and cash equivalents at end of period

 

$

24

 

$

3,155

 

$

1,955

 

$

 

$

5,134

 

 

 

 

Year ended December 31, 2011

 

 

 

Parent
Guarantor

 

Subsidiary
Issuer

 

Other
Subsidiaries

 

Consolidating
adjustments

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from operating activities

 

$

(52

)

$

(568

)

$

2,445

 

$

 

$

1,825

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

 

 

(974

)

 

(974

)

Capital expenditures for discontinued operations

 

 

 

(46

)

 

(46

)

Investment in business combination, net of cash acquired

 

 

 

(1,246

)

 

(1,246

)

Proceeds from disposal of assets, net

 

 

 

14

 

 

14

 

Proceeds from disposal of discontinued operations, net

 

 

 

447

 

 

447

 

Investing activities with affiliates, net

 

(875

)

(325

)

(1,764

)

2,964

 

 

Other, net

 

 

(23

)

(68

)

 

(91

)

Net cash provided by (used in) investing activities

 

(875

)

(348

)

(3,637

)

2,964

 

(1,896

)

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

 

 

 

 

 

 

Changes in short-term borrowings, net

 

 

(88

)

 

 

(88

)

Proceeds from debt

 

435

 

2,504

 

 

 

2,939

 

Repayments of debt

 

(429

)

(1,827

)

(153

)

 

(2,409

)

Proceeds from restricted cash investments

 

429

 

 

50

 

 

479

 

Deposits to restricted cash investments

 

(435

)

 

(88

)

 

(523

)

Proceeds from share issuance, net

 

1,211

 

 

 

 

1,211

 

Distribution of qualifying additional paid-in capital

 

(759

)

 

 

 

(759

)

Financing activities with affiliates, net

 

495

 

1,114

 

1,355

 

(2,964

)

 

Other, net

 

(55

)

(35

)

(26

)

 

(116

)

Net cash provided by (used in) financing activities

 

892

 

1,668

 

1,138

 

(2,964

)

734

 

 

 

 

 

 

 

 

 

 

 

 

 

Net increase (decrease) in cash and cash equivalents

 

(35

)

752

 

(54

)

 

663

 

Cash and cash equivalents at beginning of period

 

38

 

2,041

 

1,275

 

 

3,354

 

Cash and cash equivalents at end of period

 

$

3

 

$

2,793

 

$

1,221

 

$

 

$

4,017