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Separate Financial Information of Subsidiary Guarantors of Indebtedness | 3 Months Ended
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Mar. 31, 2016
Separate Financial Information of Subsidiary Guarantors of Indebtedness [Abstract] |
Separate Financial Information of Subsidiary Guarantors of Indebtedness | (14) Separate Financial Information of Subsidiary Guarantors of Indebtedness ﻿ The Company’s obligation s on its Senior Notes is guaranteed by substantially all of the Company’s existing and future subsidiaries that guarantee obligations under the Credit Facility (the “Guarantors”). The guarantees are full and unconditional as well as joint and several, and the Guarantors are 100%-owned by the Company. ﻿ The following supplemental condensed consolidating financial information reflects the summarized financial information of the Company as the issuer of the senior unsecured notes, the Guarantors and the Company’s non-guarantor subsidiaries on a combined basis. TUTOR PERINI CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED MARCH 31, 2016 ﻿ UNAUDITED ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  | Non- |  |  |  |  |  |
﻿ |  | Tutor Perini |  | Guarantor |  | Guarantor |  |  |  |  | Total
﻿(in thousands) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Revenue |  | $ | 176,725 |  | $ | 986,361 |  | $ | 7,104 |  | $ | (84,821) |  | $ | 1,085,369
﻿Cost of operations |  |  | (154,289) |  |  | (910,809) |  |  | — |  |  | 84,821 |  |  | (980,277)
﻿Gross profit |  | $ | 22,436 |  | $ | 75,552 |  | $ | 7,104 |  | $ | — |  | $ | 105,092
﻿General and administrative expenses |  |  | (21,658) |  |  | (42,837) |  |  | (475) |  |  | — |  |  | (64,970)
﻿Income from construction operations |  | $ | 778 |  | $ | 32,715 |  | $ | 6,629 |  | $ | — |  | $ | 40,122
﻿Equity in earnings of subsidiaries |  |  | 23,079 |  |  | — |  |  | — |  |  | (23,079) |  |  | —
﻿Other income (expense), net |  |  | (621) |  |  | 1,060 |  |  | 243 |  |  | — |  |  | 682
﻿Interest expense |  |  | (13,484) |  |  | (596) |  |  | — |  |  | — |  |  | (14,080)
﻿Income (Loss) before income taxes |  | $ | 9,752 |  | $ | 33,179 |  | $ | 6,872 |  | $ | (23,079) |  | $ | 26,724
﻿Benefit (Provision) for income taxes |  |  | 5,648 |  |  | (14,060) |  |  | (2,912) |  |  | — |  |  | (11,324)
﻿Net income (loss) |  | $ | 15,400 |  | $ | 19,119 |  | $ | 3,960 |  | $ | (23,079) |  | $ | 15,400
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other comprehensive income of subsidiaries |  |  | 938 |  |  | — |  |  | — |  |  | (938) |  |  | —
﻿Defined benefit pension plan adjustments |  |  | 247 |  |  | — |  |  | — |  |  | — |  |  | 247
﻿Foreign currency translation adjustment |  |  | — |  |  | 930 |  |  | — |  |  | — |  |  | 930
﻿Unrealized gain in fair value of investments |  |  | — |  |  | 8 |  |  | — |  |  | — |  |  | 8
﻿Unrealized loss in fair value of interest rate swap |  |  | (35) |  |  | — |  |  | — |  |  | — |  |  | (35)
﻿Total other comprehensive (loss) income, net of tax |  | $ | 1,150 |  | $ | 938 |  | $ | — |  | $ | (938) |  | $ | 1,150
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total Comprehensive Income (Loss) |  | $ | 16,550 |  | $ | 20,057 |  | $ | 3,960 |  | $ | (24,017) |  | $ | 16,550
﻿ TUTOR PERINI CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED MARCH 31, 2015 ﻿ UNAUDITED ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  | Non- |  |  |  |  |  |
﻿ |  | Tutor Perini |  | Guarantor |  | Guarantor |  |  |  |  | Total
﻿(in thousands) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Revenue |  | $ | 236,292 |  | $ | 885,103 |  | $ | 4,291 |  | $ | (59,221) |  | $ | 1,066,465
﻿Cost of operations |  |  | (209,833) |  |  | (825,094) |  |  | — |  |  | 59,221 |  |  | (975,706)
﻿Gross profit |  | $ | 26,459 |  | $ | 60,009 |  | $ | 4,291 |  | $ | — |  | $ | 90,759
﻿General and administrative expenses |  |  | (25,035) |  |  | (45,166) |  |  | (474) |  |  | — |  |  | (70,675)
﻿Income from construction operations |  | $ | 1,424 |  | $ | 14,843 |  | $ | 3,817 |  | $ | — |  | $ | 20,084
﻿Equity in earnings of subsidiaries |  |  | 11,940 |  |  | — |  |  | — |  |  | (11,940) |  |  | —
﻿Other income (expense), net |  |  | (2,068) |  |  | 1,196 |  |  | 118 |  |  | — |  |  | (754)
﻿Interest expense |  |  | (10,264) |  |  | (861) |  |  | — |  |  | — |  |  | (11,125)
﻿Income (Loss) before income taxes |  | $ | 1,032 |  | $ | 15,178 |  | $ | 3,935 |  | $ | (11,940) |  | $ | 8,205
﻿Benefit (Provision) for income taxes |  |  | 4,094 |  |  | (5,696) |  |  | (1,477) |  |  | — |  |  | (3,079)
﻿Net income (loss) |  | $ | 5,126 |  | $ | 9,482 |  | $ | 2,458 |  | $ | (11,940) |  | $ | 5,126
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other comprehensive income of subsidiaries |  |  | (598) |  |  | — |  |  | — |  |  | 598 |  |  | —
﻿Defined benefit pension plan adjustments |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Foreign currency translation adjustment |  |  | — |  |  | (588) |  |  | — |  |  | — |  |  | (588)
﻿Unrealized loss in fair value of investments |  |  | — |  |  | (10) |  |  | — |  |  | — |  |  | (10)
﻿Unrealized gain in fair value of interest rate swap |  |  | 45 |  |  | — |  |  | — |  |  | — |  |  | 45
﻿Total other comprehensive (loss) income, net of tax |  | $ | (553) |  | $ | (598) |  | $ | — |  | $ | 598 |  | $ | (553)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total Comprehensive Income (Loss) |  | $ | 4,573 |  | $ | 8,884 |  | $ | 2,458 |  | $ | (11,342) |  | $ | 4,573
﻿ TUTOR PERINI CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET MARCH 31, 2016 ﻿ UNAUDITED ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  | Non- |  |  |  |  |  |
﻿ | Tutor Perini |  | Guarantor |  | Guarantor |  |  |  |  | Total
﻿(in thousands) | Corporation |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash and cash equivalents | $ | 49,726 |  | $ | 40,151 |  | $ | 705 |  | $ | — |  | $ | 90,582
﻿Restricted cash |  | 3,260 |  |  | 3,686 |  |  | 42,212 |  |  | — |  |  | 49,158
﻿Accounts receivable |  | 393,473 |  |  | 1,300,463 |  |  | 90,244 |  |  | (168,519) |  |  | 1,615,661
﻿Costs and estimated earnings in excess of billings |  | 115,635 |  |  | 816,642 |  |  | 152 |  |  | (74,073) |  |  | 858,356
﻿Deferred income taxes |  | 16,566 |  |  | 9,984 |  |  | — |  |  | — |  |  | 26,550
﻿Other current assets |  | 39,685 |  |  | 41,897 |  |  | 8,478 |  |  | 1,930 |  |  | 91,990
﻿Total current assets | $ | 618,345 |  | $ | 2,212,823 |  | $ | 141,791 |  | $ | (240,662) |  | $ | 2,732,297
﻿Property and equipment |  | 102,371 |  |  | 413,513 |  |  | 4,006 |  |  | — |  |  | 519,890
﻿Intercompany notes and receivables |  | — |  |  | 270,676 |  |  | — |  |  | (270,676) |  |  | —
﻿Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Goodwill |  | — |  |  | 585,006 |  |  | — |  |  | — |  |  | 585,006
﻿Intangible assets, net |  | — |  |  | 95,654 |  |  | — |  |  | — |  |  | 95,654
﻿Investment in subsidiaries |  | 2,122,342 |  |  | — |  |  | — |  |  | (2,122,342) |  |  | —
﻿Other Assets |  | 92,320 |  |  | 86,370 |  |  | 25,735 |  |  | (5,790) |  |  | 198,635
﻿Total assets | $ | 2,935,378 |  | $ | 3,664,042 |  | $ | 171,532 |  | $ | (2,639,470) |  | $ | 4,131,482
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Liabilities and stockholders' equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Current maturities of long-term debt | $ | 125,255 |  | $ | 34,715 |  | $ | — |  | $ | (60,000) |  | $ | 99,970
﻿Accounts payable |  | 210,902 |  |  | 974,776 |  |  | 1,634 |  |  | (181,406) |  |  | 1,005,906
﻿Billings in excess of costs and estimated earnings |  | 88,888 |  |  | 198,182 |  |  | 593 |  |  | (2,081) |  |  | 285,582
﻿Accrued expenses and other current liabilities |  | 36,144 |  |  | 79,481 |  |  | 42,514 |  |  | 2,825 |  |  | 160,964
﻿Total current liabilities | $ | 461,189 |  | $ | 1,287,154 |  | $ | 44,741 |  | $ | (240,662) |  | $ | 1,552,422
﻿Long-term debt, less current maturities |  | 655,029 |  |  | 76,524 |  |  | — |  |  | (5,790) |  |  | 725,763
﻿Deferred income taxes |  | 40,066 |  |  | 211,828 |  |  | 22,338 |  |  | — |  |  | 274,232
﻿Other long-term liabilities |  | 104,897 |  |  | 2,323 |  |  | 31,514 |  |  | — |  |  | 138,734
﻿Intercompany notes and advances payable |  | 233,866 |  |  | — |  |  | 36,810 |  |  | (270,676) |  |  | —
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Contingencies and commitments |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Stockholders’ equity |  | 1,440,331 |  |  | 2,086,213 |  |  | 36,129 |  |  | (2,122,342) |  |  | 1,440,331
﻿Total liabilities and stockholders' equity | $ | 2,935,378 |  | $ | 3,664,042 |  | $ | 171,532 |  | $ | (2,639,470) |  | $ | 4,131,482
TUTOR PERINI CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 201 5 ﻿ UNAUDITED ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  | Non- |  |  |  |  |  |
﻿ | Tutor Perini |  | Guarantor |  | Guarantor |  |  |  |  | Total
﻿(in thousands) | Corporation |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash and cash equivalents | $ | 47,196 |  | $ | 26,892 |  | $ | 1,364 |  | $ | — |  | $ | 75,452
﻿Restricted cash |  | 3,369 |  |  | 3,283 |  |  | 39,201 |  |  | — |  |  | 45,853
﻿Accounts receivable |  | 358,437 |  |  | 1,179,919 |  |  | 82,004 |  |  | (146,745) |  |  | 1,473,615
﻿Costs and estimated earnings in excess of billings |  | 114,580 |  |  | 868,026 |  |  | 152 |  |  | (77,583) |  |  | 905,175
﻿Deferred income taxes |  | 2,255 |  |  | 21,356 |  |  | 2,695 |  |  | — |  |  | 26,306
﻿Other current assets |  | 60,119 |  |  | 48,482 |  |  | 11,662 |  |  | (11,419) |  |  | 108,844
﻿Total current assets | $ | 585,956 |  | $ | 2,147,958 |  | $ | 137,078 |  | $ | (235,747) |  | $ | 2,635,245
﻿Property and equipment |  | 105,306 |  |  | 414,143 |  |  | 4,076 |  |  | — |  |  | 523,525
﻿Intercompany notes and receivables |  | — |  |  | 148,637 |  |  | — |  |  | (148,637) |  |  | —
﻿Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Goodwill |  | — |  |  | 585,006 |  |  | — |  |  | — |  |  | 585,006
﻿Intangible assets, net |  | — |  |  | 96,540 |  |  | — |  |  | — |  |  | 96,540
﻿Investment in subsidiaries |  | 1,962,983 |  |  | — |  |  | — |  |  | (1,962,983) |  |  | —
﻿Other Assets |  | 58,722 |  |  | 128,094 |  |  | 15,268 |  |  | (5,723) |  |  | 196,361
﻿Total assets | $ | 2,712,967 |  | $ | 3,520,378 |  | $ | 156,422 |  | $ | (2,353,090) |  | $ | 4,036,677
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Liabilities and stockholders' equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Current maturities of long-term debt | $ | 107,283 |  | $ | 41,634 |  | $ | — |  | $ | (60,000) |  | $ | 88,917
﻿Accounts payable |  | 211,679 |  |  | 890,268 |  |  | 3,222 |  |  | (167,705) |  |  | 937,464
﻿Billings in excess of costs and estimated earnings |  | 89,303 |  |  | 203,003 |  |  | 1,716 |  |  | (5,711) |  |  | 288,311
﻿Accrued expenses and other current liabilities |  | 6,145 |  |  | 115,392 |  |  | 39,810 |  |  | (2,331) |  |  | 159,016
﻿Total current liabilities | $ | 414,410 |  | $ | 1,250,297 |  | $ | 44,748 |  | $ | (235,747) |  | $ | 1,473,708
﻿Long-term debt, less current maturities |  | 653,669 |  |  | 80,821 |  |  | — |  |  | (5,723) |  |  | 728,767
﻿Deferred income taxes |  | — |  |  | 273,310 |  |  | — |  |  | — |  |  | 273,310
﻿Other long-term liabilities |  | 106,588 |  |  | 3,278 |  |  | 30,799 |  |  | — |  |  | 140,665
﻿Intercompany notes and advances payable |  | 118,073 |  |  | — |  |  | 30,564 |  |  | (148,637) |  |  | —
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Contingencies and commitments |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Stockholders’ equity |  | 1,420,227 |  |  | 1,912,672 |  |  | 50,311 |  |  | (1,962,983) |  |  | 1,420,227
﻿Total liabilities and stockholders' equity | $ | 2,712,967 |  | $ | 3,520,378 |  | $ | 156,422 |  | $ | (2,353,090) |  | $ | 4,036,677
﻿ TUTOR PERINI CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2016 ﻿ UNAUDITED ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  | Non- |  |  |  |  |  |
﻿ |  | Tutor Perini |  | Guarantor |  | Guarantor |  |  |  |  | Total
﻿(in thousands) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net income (loss) |  | $ | 15,400 |  | $ | 19,119 |  | $ | 3,960 |  | $ | (23,079) |  | $ | 15,400
﻿Adjustments to reconcile net income to net cash from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Depreciation and amortization |  |  | 5,626 |  |  | 8,800 |  |  | 70 |  |  | — |  |  | 14,496
﻿Equity in earnings of subsidiaries |  |  | (23,079) |  |  | — |  |  | — |  |  | 23,079 |  |  | —
﻿Share-based compensation expense |  |  | 3,647 |  |  | — |  |  | — |  |  | — |  |  | 3,647
﻿Deferred income taxes |  |  | (153) |  |  | (2) |  |  | — |  |  | — |  |  | (155)
﻿(Gain) loss on sale of property and equipment |  |  | 202 |  |  | 83 |  |  | — |  |  | — |  |  | 285
﻿Other long-term liabilities |  |  | (3,822) |  |  | (954) |  |  | 715 |  |  | — |  |  | (4,061)
﻿Other non-cash items |  |  | (90) |  |  | 1,489 |  |  | — |  |  | — |  |  | 1,399
﻿Changes in other components of working capital |  |  | 12,879 |  |  | (25,578) |  |  | (2,368) |  |  | — |  |  | (15,067)
﻿NET CASH PROVIDED BY OPERATING ACTIVITIES |  | $ | 10,610 |  | $ | 2,957 |  | $ | 2,377 |  | $ | — |  | $ | 15,944
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Acquisition of property and equipment excluding financed purchases |  |  | (1,282) |  |  | (3,530) |  |  | — |  |  | — |  |  | (4,812)
﻿Proceeds from sale of property and equipment |  |  | 75 |  |  | 864 |  |  | — |  |  | — |  |  | 939
﻿(Increase) decrease in intercompany advances |  |  | — |  |  | 24,653 |  |  | — |  |  | (24,653) |  |  | —
﻿Change in restricted cash |  |  | 109 |  |  | (403) |  |  | (3,011) |  |  | — |  |  | (3,305)
﻿NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES |  | $ | (1,098) |  | $ | 21,584 |  | $ | (3,011) |  | $ | (24,653) |  | $ | (7,178)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Proceeds from debt |  |  | 299,785 |  |  | — |  |  | — |  |  | — |  |  | 299,785
﻿Repayment of debt |  |  | (276,202) |  |  | (11,282) |  |  | — |  |  | — |  |  | (287,484)
﻿Debt Issuance Costs |  |  | (5,937) |  |  | — |  |  | — |  |  | — |  |  | (5,937)
﻿Increase (decrease) in intercompany advances |  |  | (24,628) |  |  | — |  |  | (25) |  |  | 24,653 |  |  | —
﻿NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES |  | $ | (6,982) |  | $ | (11,282) |  | $ | (25) |  | $ | 24,653 |  | $ | 6,364
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net (decrease) increase in cash and cash equivalents |  |  | 2,530 |  |  | 13,259 |  |  | (659) |  |  | — |  |  | 15,130
﻿Cash and cash equivalents at beginning of year |  |  | 47,196 |  |  | 26,892 |  |  | 1,364 |  |  | — |  |  | 75,452
﻿Cash and cash equivalents at end of period |  | $ | 49,726 |  | $ | 40,151 |  | $ | 705 |  | $ | — |  | $ | 90,582
TUTOR PERINI CORPORATION AND SUBSIDIARIE S CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2015 ﻿ UNAUDITED ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  | Non- |  |  |  |  |  |
﻿ |  | Tutor Perini |  | Guarantor |  | Guarantor |  |  |  |  | Total
﻿(in thousands) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net income (loss) |  | $ | 5,126 |  | $ | 9,482 |  | $ | 2,458 |  | $ | (11,940) |  | $ | 5,126
﻿Adjustments to reconcile net income to net cash from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Depreciation and amortization |  |  | 5,223 |  |  | 5,303 |  |  | 68 |  |  | — |  |  | 10,594
﻿Equity in earnings of subsidiaries |  |  | (11,940) |  |  | — |  |  | — |  |  | 11,940 |  |  | —
﻿Share-based compensation expense |  |  | 9,159 |  |  | — |  |  | — |  |  | — |  |  | 9,159
﻿Deferred income taxes |  |  | (24,392) |  |  | 24,392 |  |  | — |  |  | — |  |  | —
﻿(Gain) loss on sale of investments |  |  | (17) |  |  | 17 |  |  | — |  |  | — |  |  | —
﻿(Gain) loss on sale of property and equipment |  |  | 17 |  |  | (293) |  |  | — |  |  | — |  |  | (276)
﻿Other long-term liabilities |  |  | (1,288) |  |  | 3,669 |  |  | — |  |  | — |  |  | 2,381
﻿Other non-cash items |  |  | 1,176 |  |  | (3,403) |  |  | — |  |  | — |  |  | (2,227)
﻿Changes in other components of working capital |  |  | (73,266) |  |  | 43,701 |  |  | 2,484 |  |  | — |  |  | (27,081)
﻿NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES |  | $ | (90,202) |  | $ | 82,868 |  | $ | 5,010 |  | $ | — |  | $ | (2,324)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Acquisition of property and equipment |  |  | (729) |  |  | (4,962) |  |  | — |  |  | — |  |  | (5,691)
﻿Proceeds from sale of property and equipment |  |  | — |  |  | 798 |  |  | — |  |  | — |  |  | 798
﻿Decrease (increase) in intercompany advances |  |  | — |  |  | (57,146) |  |  | — |  |  | 57,146 |  |  | —
﻿Change in restricted cash |  |  | — |  |  | 283 |  |  | (6) |  |  | — |  |  | 277
﻿NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES |  | $ | (729) |  | $ | (61,027) |  | $ | (6) |  | $ | 57,146 |  | $ | (4,616)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Proceeds from debt |  |  | 280,200 |  |  | — |  |  | — |  |  | — |  |  | 280,200
﻿Repayment of debt |  |  | (252,748) |  |  | (9,364) |  |  | — |  |  | — |  |  | (262,112)
﻿Issuance of common stock and effect of cashless exercise |  |  | (773) |  |  | — |  |  | — |  |  | — |  |  | (773)
﻿Increase (decrease) in intercompany advances |  |  | 61,103 |  |  | — |  |  | (3,957) |  |  | (57,146) |  |  | —
﻿NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES |  | $ | 87,782 |  | $ | (9,364) |  | $ | (3,957) |  | $ | (57,146) |  | $ | 17,315
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net (decrease) increase in cash and cash equivalents |  |  | (3,149) |  |  | 12,477 |  |  | 1,047 |  |  | — |  |  | 10,375
﻿Cash and cash equivalents at beginning of year |  |  | 75,087 |  |  | 36,764 |  |  | 23,732 |  |  | — |  |  | 135,583
﻿Cash and cash equivalents at end of period |  | $ | 71,938 |  | $ | 49,241 |  | $ | 24,779 |  | $ | — |  | $ | 145,958

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- Definition The entire disclosure for condensed financial statements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=18733093&loc=d3e5614-111684 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 10 -Paragraph f -Article 3 + Details
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