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Condensed Consolidating Financial Statements of Company and Subsidiaries (Tables) | 6 Months Ended
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Jun. 30, 2013
Condensed Consolidating Balance Sheet | CONDENSED CONSOLIDATING BALANCE SHEET As of June 30, 2013 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 8,971 |  |  | $ | 28,904 |  |  | $ | — |  |  | $ | 37,875 |
Accounts receivable, net of allowance |  |  | 318,510 |  |  |  | 316,651 |  |  |  | (401,691 | ) |  |  | 233,470 |
Current deferred tax assets |  |  | 4 |  |  |  | 5,412 |  |  |  | — |  |  |  | 5,416 |
Prepaid expenses and other current assets |  |  | 8,201 |  |  |  | 30,366 |  |  |  | (9,598 | ) |  |  | 28,969 |
Total current assets |  |  | 335,686 |  |  |  | 381,333 |  |  |  | (411,289 | ) |  |  | 305,730 |
Property and equipment, net |  |  | 2,445,166 |  |  |  | 93,659 |  |  |  | — |  |  |  | 2,538,825 |
Restricted cash |  |  | 649 |  |  |  | 5,024 |  |  |  | — |  |  |  | 5,673 |
Investment in direct financing lease |  |  | 6,500 |  |  |  | — |  |  |  | — |  |  |  | 6,500 |
Goodwill |  |  | — |  |  |  | 11,158 |  |  |  | — |  |  |  | 11,158 |
Other assets |  |  | 212,880 |  |  |  | 18,210 |  |  |  | (190,851 | ) |  |  | 40,239 |
Non-current deferred tax assets |  |  | — |  |  |  | 9,561 |  |  |  | (526 | ) |  |  | 9,035 |
Total assets |  | $ | 3,000,881 |  |  | $ | 518,945 |  |  | $ | (602,666 | ) |  | $ | 2,917,160 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 348,266 |  |  | $ | 291,046 |  |  | $ | (411,290 | ) |  | $ | 228,022 |
Income taxes payable |  |  | — |  |  |  | 652 |  |  |  | — |  |  |  | 652 |
Current liabilities of discontinued operations |  |  | — |  |  |  | 79 |  |  |  | — |  |  |  | 79 |
Total current liabilities |  |  | 348,266 |  |  |  | 291,777 |  |  |  | (411,290 | ) |  |  | 228,753 |
Long-term debt |  |  | 1,150,000 |  |  |  | 100,000 |  |  |  | (100,000 | ) |  |  | 1,150,000 |
Deferred tax liabilities |  |  | 526 |  |  |  | — |  |  |  | (526 | ) |  |  | — |
Other liabilities |  |  | 900 |  |  |  | 36,318 |  |  |  | — |  |  |  | 37,218 |
Total liabilities |  |  | 1,499,692 |  |  |  | 428,095 |  |  |  | (511,816 | ) |  |  | 1,415,971 |
Total stockholders’ equity |  |  | 1,501,189 |  |  |  | 90,850 |  |  |  | (90,850 | ) |  |  | 1,501,189 |
Total liabilities and stockholders’ equity |  | $ | 3,000,881 |  |  | $ | 518,945 |  |  | $ | (602,666 | ) |  | $ | 2,917,160 |
CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2012 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 62,897 |  |  | $ | — |  |  | $ | 62,897 |
Accounts receivable, net of allowance |  |  | 136,128 |  |  |  | 255,192 |  |  |  | (138,556 | ) |  |  | 252,764 |
Deferred tax assets |  |  | 137 |  |  |  | 7,885 |  |  |  | — |  |  |  | 8,022 |
Prepaid expenses and other current assets |  |  | 1,766 |  |  |  | 35,175 |  |  |  | (9,882 | ) |  |  | 27,059 |
Total current assets |  |  | 138,031 |  |  |  | 361,149 |  |  |  | (148,438 | ) |  |  | 350,742 |
Property and equipment, net |  |  | 2,462,917 |  |  |  | 105,874 |  |  |  | — |  |  |  | 2,568,791 |
Restricted cash |  |  | — |  |  |  | 5,022 |  |  |  | — |  |  |  | 5,022 |
Investment in direct financing lease |  |  | 7,467 |  |  |  | — |  |  |  | — |  |  |  | 7,467 |
Goodwill |  |  | — |  |  |  | 11,988 |  |  |  | — |  |  |  | 11,988 |
Other assets |  |  | 191,502 |  |  |  | 114,953 |  |  |  | (275,723 | ) |  |  | 30,732 |
Total assets |  | $ | 2,799,917 |  |  | $ | 598,986 |  |  | $ | (424,161 | ) |  | $ | 2,974,742 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 28,061 |  |  | $ | 286,342 |  |  | $ | (148,403 | ) |  | $ | 166,000 |
Income taxes payable |  |  | — |  |  |  | 102 |  |  |  | — |  |  |  | 102 |
Current liabilities of discontinued operations |  |  | — |  |  |  | 356 |  |  |  | — |  |  |  | 356 |
Total current liabilities |  |  | 28,061 |  |  |  | 286,800 |  |  |  | (148,403 | ) |  |  | 166,458 |
Long-term debt |  |  | 1,111,545 |  |  |  | 100,000 |  |  |  | (100,000 | ) |  |  | 1,111,545 |
Deferred tax liabilities |  |  | 138,691 |  |  |  | 835 |  |  |  | — |  |  |  | 139,526 |
Other liabilities |  |  | — |  |  |  | 35,593 |  |  |  | — |  |  |  | 35,593 |
Total liabilities |  |  | 1,278,297 |  |  |  | 423,228 |  |  |  | (248,403 | ) |  |  | 1,453,122 |
Total stockholders’ equity |  |  | 1,521,620 |  |  |  | 175,758 |  |  |  | (175,758 | ) |  |  | 1,521,620 |
Total liabilities and stockholders’ equity |  | $ | 2,799,917 |  |  | $ | 598,986 |  |  | $ | (424,161 | ) |  | $ | 2,974,742 |
Condensed Consolidating Statement of Operations | CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended June 30, 2013 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 318,939 |  |  | $ | 345,714 |  |  | $ | (230,672 | ) |  | $ | 433,981 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 237,181 |  |  |  | 307,768 |  |  |  | (230,672 | ) |  |  | 314,277 |
General and administrative |  |  | 8,086 |  |  |  | 17,274 |  |  |  | — |  |  |  | 25,360 |
Depreciation and amortization |  |  | 18,936 |  |  |  | 9,161 |  |  |  | — |  |  |  | 28,097 |
Asset impairments |  |  | — |  |  |  | 2,637 |  |  |  | — |  |  |  | 2,637 |
|  |  | 264,203 |  |  |  | 336,840 |  |  |  | (230,672 | ) |  |  | 370,371 |
OPERATING INCOME |  |  | 54,736 |  |  |  | 8,874 |  |  |  | — |  |  |  | 63,610 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 10,621 |  |  |  | 1,291 |  |  |  | — |  |  |  | 11,912 |
Expenses associated with debt refinancing transactions |  |  | 28,386 |  |  |  | 7,917 |  |  |  | — |  |  |  | 36,303 |
Other (income) expense |  |  | (1 | ) |  |  | (16 | ) |  |  | (19 | ) |  |  | (36 | )
|  |  | 39,006 |  |  |  | 9,192 |  |  |  | (19 | ) |  |  | 48,179 |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |  |  | 15,730 |  |  |  | (318 | ) |  |  | 19 |  |  |  | 15,431 |
Income tax (expense) benefit |  |  | (13 | ) |  |  | 5,011 |  |  |  | — |  |  |  | 4,998 |
INCOME FROM CONTINUING OPERATIONS |  |  | 15,717 |  |  |  | 4,693 |  |  |  | 19 |  |  |  | 20,429 |
Income from equity in subsidiaries |  |  | 4,712 |  |  |  | — |  |  |  | (4,712 | ) |  |  | — |
NET INCOME |  | $ | 20,429 |  |  | $ | 4,693 |  |  | $ | (4,693 | ) |  | $ | 20,429 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended June 30, 2012 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 356,070 |  |  | $ | 90,883 |  |  | $ | (4,087 | ) |  | $ | 442,866 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 239,708 |  |  |  | 80,963 |  |  |  | (4,087 | ) |  |  | 316,584 |
General and administrative |  |  | 18,384 |  |  |  | 4,711 |  |  |  | — |  |  |  | 23,095 |
Depreciation and amortization |  |  | 18,459 |  |  |  | 9,843 |  |  |  | — |  |  |  | 28,302 |
|  |  | 276,551 |  |  |  | 95,517 |  |  |  | (4,087 | ) |  |  | 367,981 |
OPERATING INCOME (LOSS) |  |  | 79,519 |  |  |  | (4,634 | ) |  |  | — |  |  |  | 74,885 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 14,433 |  |  |  | 296 |  |  |  | — |  |  |  | 14,729 |
Expenses associated with debt refinancing transactions |  |  | 287 |  |  |  | — |  |  |  | — |  |  |  | 287 |
Other (income) expense |  |  | 27 |  |  |  | (5 | ) |  |  | 19 |  |  |  | 41 |
|  |  | 14,747 |  |  |  | 291 |  |  |  | 19 |  |  |  | 15,057 |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |  |  | 64,772 |  |  |  | (4,925 | ) |  |  | (19 | ) |  |  | 59,828 |
Income tax (expense) benefit |  |  | (23,124 | ) |  |  | 630 |  |  |  | — |  |  |  | (22,494 | )
INCOME (LOSS) FROM CONTINUING OPERATIONS |  |  | 41,648 |  |  |  | (4,295 | ) |  |  | (19 | ) |  |  | 37,334 |
Loss from equity in subsidiaries |  |  | (4,314 | ) |  |  | — |  |  |  | 4,314 |  |  |  | — |
NET INCOME (LOSS) |  | $ | 37,334 |  |  | $ | (4,295 | ) |  | $ | 4,295 |  |  | $ | 37,334 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the six months ended June 30, 2013 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 632,376 |  |  | $ | 687,708 |  |  | $ | (460,379 | ) |  | $ | 859,705 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 471,841 |  |  |  | 610,345 |  |  |  | (460,379 | ) |  |  | 621,807 |
General and administrative |  |  | 17,695 |  |  |  | 38,897 |  |  |  | — |  |  |  | 56,592 |
Depreciation and amortization |  |  | 37,587 |  |  |  | 18,140 |  |  |  | — |  |  |  | 55,727 |
Asset impairments |  |  | — |  |  |  | 2,637 |  |  |  | — |  |  |  | 2,637 |
|  |  | 527,123 |  |  |  | 670,019 |  |  |  | (460,379 | ) |  |  | 736,763 |
OPERATING INCOME |  |  | 105,253 |  |  |  | 17,689 |  |  |  | — |  |  |  | 122,942 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 20,716 |  |  |  | 3,762 |  |  |  | — |  |  |  | 24,478 |
Expenses associated with debt refinancing transactions |  |  | 28,563 |  |  |  | 7,965 |  |  |  | — |  |  |  | 36,528 |
Other (income) expense |  |  | 320 |  |  |  | (217 | ) |  |  | (38 | ) |  |  | 65 |
|  |  | 49,599 |  |  |  | 11,510 |  |  |  | (38 | ) |  |  | 61,071 |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |  |  | 55,654 |  |  |  | 6,179 |  |  |  | 38 |  |  |  | 61,871 |
Income tax benefit |  |  | 138,198 |  |  |  | 1,452 |  |  |  | — |  |  |  | 139,650 |
INCOME FROM CONTINUING OPERATIONS |  |  | 193,852 |  |  |  | 7,631 |  |  |  | 38 |  |  |  | 201,521 |
Income from equity in subsidiaries |  |  | 7,669 |  |  |  | — |  |  |  | (7,669 | ) |  |  | — |
NET INCOME |  | $ | 201,521 |  |  | $ | 7,631 |  |  | $ | (7,631 | ) |  | $ | 201,521 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the six months ended June 30, 2012 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 705,644 |  |  | $ | 181,504 |  |  | $ | (8,977 | ) |  | $ | 878,171 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 477,239 |  |  |  | 163,856 |  |  |  | (8,977 | ) |  |  | 632,118 |
General and administrative |  |  | 35,768 |  |  |  | 9,167 |  |  |  | — |  |  |  | 44,935 |
Depreciation and amortization |  |  | 36,710 |  |  |  | 19,979 |  |  |  | — |  |  |  | 56,689 |
|  |  | 549,717 |  |  |  | 193,002 |  |  |  | (8,977 | ) |  |  | 733,742 |
OPERATING INCOME |  |  | 155,927 |  |  |  | (11,498 | ) |  |  | — |  |  |  | 144,429 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 31,027 |  |  |  | 592 |  |  |  | — |  |  |  | 31,619 |
Expenses associated with debt refinancing transactions |  |  | 1,828 |  |  |  | — |  |  |  | — |  |  |  | 1,828 |
Other (income) expense |  |  | 48 |  |  |  | (34 | ) |  |  | 39 |  |  |  | 53 |
|  |  | 32,903 |  |  |  | 558 |  |  |  | 39 |  |  |  | 33,500 |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |  |  | 123,024 |  |  |  | (12,056 | ) |  |  | (39 | ) |  |  | 110,929 |
Income tax (expense) benefit |  |  | (43,920 | ) |  |  | 2,367 |  |  |  | — |  |  |  | (41,553 | )
INCOME FROM CONTINUING OPERATIONS |  |  | 79,104 |  |  |  | (9,689 | ) |  |  | (39 | ) |  |  | 69,376 |
Loss from equity in subsidiaries |  |  | (10,090 | ) |  |  | — |  |  |  | 10,090 |  |  |  | — |
Loss from discontinued operations, net of taxes |  |  | — |  |  |  | (362 | ) |  |  | — |  |  |  | (362 | )
NET INCOME |  | $ | 69,014 |  |  | $ | (10,051 | ) |  | $ | 10,051 |  |  | $ | 69,014 |
Condensed Consolidating Statement of Cash Flows | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the six months ended June 30, 2013 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments And Other |  |  | Total Consolidated Amounts |
Net cash provided by (used in) operating activities |  | $ | (57,630 | ) |  | $ | 240,489 |  |  | $ | — |  |  | $ | 182,859 |
Net cash used in investing activities |  |  | (21,146 | ) |  |  | (7,592 | ) |  |  | — |  |  |  | (28,738 | )
Net cash provided by (used in) financing activities |  |  | 87,747 |  |  |  | (266,890 | ) |  |  | — |  |  |  | (179,143 | )
Net Increase (Decrease) in Cash and Cash Equivalents |  |  | 8,971 |  |  |  | (33,993 | ) |  |  | — |  |  |  | (25,022 | )
CASH AND CASH EQUIVALENTS, beginning of year |  |  | — |  |  |  | 62,897 |  |  |  | — |  |  |  | 62,897 |
CASH AND CASH EQUIVALENTS, end of year |  | $ | 8,971 |  |  | $ | 28,904 |  |  | $ | — |  |  | $ | 37,875 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the six months ended June 30, 2012 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments And Other |  |  | Total Consolidated Amounts |
Net cash provided by operating activities |  | $ | 124,107 |  |  | $ | 5,905 |  |  | $ | — |  |  | $ | 130,012 |
Net cash used in investing activities |  |  | (24,240 | ) |  |  | (19,115 | ) |  |  | — |  |  |  | (43,355 | )
Net cash used in financing activities |  |  | (99,867 | ) |  |  | 20,508 |  |  |  | — |  |  |  | (79,359 | )
Net Increase in Cash and Cash Equivalents |  |  | — |  |  |  | 7,298 |  |  |  | — |  |  |  | 7,298 |
CASH AND CASH EQUIVALENTS, beginning of year |  |  | — |  |  |  | 55,832 |  |  |  | — |  |  |  | 55,832 |
CASH AND CASH EQUIVALENTS, end of year |  | $ | — |  |  | $ | 63,130 |  |  | $ | — |  |  | $ | 63,130 |

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