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CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF THE COMPANY AND SUBSIDIARIES (Tables) | 3 Months Ended
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Mar. 31, 2014
CONDENSED CONSOLIDATING BALANCE SHEET | CONDENSED CONSOLIDATING BALANCE SHEET As of March 31, 2014 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 28,205 |  |  | $ | 24,476 |  |  | $ | — |  |  | $ | 52,681 |
Accounts receivable, net of allowance |  |  | 201,463 |  |  |  | 183,833 |  |  |  | (145,996 | ) |  |  | 239,300 |
Current deferred tax assets |  |  | 3 |  |  |  | 7,806 |  |  |  | — |  |  |  | 7,809 |
Prepaid expenses and other current assets |  |  | 4,127 |  |  |  | 24,114 |  |  |  | (9,521 | ) |  |  | 18,720 |
Current assets of discontinued operations |  |  | — |  |  |  | 6 |  |  |  | — |  |  |  | 6 |
Total current assets |  |  | 233,798 |  |  |  | 240,235 |  |  |  | (155,517 | ) |  |  | 318,516 |
Property and equipment, net |  |  | 2,453,401 |  |  |  | 90,069 |  |  |  | — |  |  |  | 2,543,470 |
Restricted cash |  |  | 1,016 |  |  |  | 4,574 |  |  |  | — |  |  |  | 5,590 |
Investment in direct financing lease |  |  | 4,936 |  |  |  | — |  |  |  | — |  |  |  | 4,936 |
Goodwill |  |  | — |  |  |  | 16,110 |  |  |  | — |  |  |  | 16,110 |
Non-current deferred tax assets |  |  | — |  |  |  | 6,069 |  |  |  | (564 | ) |  |  | 5,505 |
Other assets |  |  | 245,288 |  |  |  | 45,584 |  |  |  | (215,741 | ) |  |  | 75,131 |
Total assets |  | $ | 2,938,439 |  |  | $ | 402,641 |  |  | $ | (371,822 | ) |  | $ | 2,969,258 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 242,846 |  |  | $ | 139,677 |  |  | $ | (155,482 | ) |  | $ | 227,041 |
Income taxes payable |  |  | 3 |  |  |  | 1,856 |  |  |  | — |  |  |  | 1,859 |
Current liabilities of discontinued operations |  |  | — |  |  |  | 388 |  |  |  | — |  |  |  | 388 |
Total current liabilities |  |  | 242,849 |  |  |  | 141,921 |  |  |  | (155,482 | ) |  |  | 229,288 |
Long-term debt |  |  | 1,195,000 |  |  |  | 115,000 |  |  |  | (115,000 | ) |  |  | 1,195,000 |
Deferred tax liabilities |  |  | 564 |  |  |  | — |  |  |  | (564 | ) |  |  | — |
Other liabilities |  |  | 1,010 |  |  |  | 44,944 |  |  |  | — |  |  |  | 45,954 |
Total liabilities |  |  | 1,439,423 |  |  |  | 301,865 |  |  |  | (271,046 | ) |  |  | 1,470,242 |
Total stockholders’ equity |  |  | 1,499,016 |  |  |  | 100,776 |  |  |  | (100,776 | ) |  |  | 1,499,016 |
Total liabilities and stockholders’ equity |  | $ | 2,938,439 |  |  | $ | 402,641 |  |  | $ | (371,822 | ) |  | $ | 2,969,258 |
CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2013 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 31,647 |  |  | $ | 46,262 |  |  | $ | — |  |  | $ | 77,909 |
Accounts receivable, net of allowance |  |  | 203,018 |  |  |  | 178,894 |  |  |  | (136,955 | ) |  |  | 244,957 |
Current deferred tax assets |  |  | 2 |  |  |  | 9,239 |  |  |  | — |  |  |  | 9,241 |
Prepaid expenses and other current assets |  |  | 7,580 |  |  |  | 22,856 |  |  |  | (9,824 | ) |  |  | 20,612 |
Current assets of discontinued operations |  |  | — |  |  |  | 15 |  |  |  | — |  |  |  | 15 |
Total current assets |  |  | 242,247 |  |  |  | 257,266 |  |  |  | (146,779 | ) |  |  | 352,734 |
Property and equipment, net |  |  | 2,450,028 |  |  |  | 96,585 |  |  |  | — |  |  |  | 2,546,613 |
Restricted cash |  |  | 1,016 |  |  |  | 4,573 |  |  |  | — |  |  |  | 5,589 |
Investment in direct financing lease |  |  | 5,473 |  |  |  | — |  |  |  | — |  |  |  | 5,473 |
Goodwill |  |  | — |  |  |  | 16,110 |  |  |  | — |  |  |  | 16,110 |
Non-current deferred tax assets |  |  | — |  |  |  | 3,633 |  |  |  | (555 | ) |  |  | 3,078 |
Other assets |  |  | 245,028 |  |  |  | 45,149 |  |  |  | (212,349 | ) |  |  | 77,828 |
Total assets |  | $ | 2,943,792 |  |  | $ | 423,316 |  |  | $ | (359,683 | ) |  | $ | 3,007,425 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 234,277 |  |  | $ | 164,745 |  |  | $ | (146,745 | ) |  | $ | 252,277 |
Income taxes payable |  |  | — |  |  |  | 1,243 |  |  |  | — |  |  |  | 1,243 |
Current liabilities of discontinued operations |  |  | — |  |  |  | 886 |  |  |  | — |  |  |  | 886 |
Total current liabilities |  |  | 234,277 |  |  |  | 166,874 |  |  |  | (146,745 | ) |  |  | 254,406 |
Long-term debt |  |  | 1,205,000 |  |  |  | 115,000 |  |  |  | (115,000 | ) |  |  | 1,205,000 |
Deferred tax liabilities |  |  | 555 |  |  |  | — |  |  |  | (555 | ) |  |  | — |
Other liabilities |  |  | 1,453 |  |  |  | 44,059 |  |  |  | — |  |  |  | 45,512 |
Total liabilities |  |  | 1,441,285 |  |  |  | 325,933 |  |  |  | (262,300 | ) |  |  | 1,504,918 |
Total stockholders’ equity |  |  | 1,502,507 |  |  |  | 97,383 |  |  |  | (97,383 | ) |  |  | 1,502,507 |
Total liabilities and stockholders’ equity |  | $ | 2,943,792 |  |  | $ | 423,316 |  |  | $ | (359,683 | ) |  | $ | 3,007,425 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended March 31, 2014 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 306,248 |  |  | $ | 311,247 |  |  | $ | (213,273 | ) |  | $ | 404,222 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 219,705 |  |  |  | 280,948 |  |  |  | (213,273 | ) |  |  | 287,380 |
General and administrative |  |  | 8,676 |  |  |  | 16,716 |  |  |  | — |  |  |  | 25,392 |
Depreciation and amortization |  |  | 19,769 |  |  |  | 8,615 |  |  |  | — |  |  |  | 28,384 |
|  |  | 248,150 |  |  |  | 306,279 |  |  |  | (213,273 | ) |  |  | 341,156 |
OPERATING INCOME |  |  | 58,098 |  |  |  | 4,968 |  |  |  | — |  |  |  | 63,066 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 8,602 |  |  |  | 1,746 |  |  |  | — |  |  |  | 10,348 |
Other (income) expense |  |  | (38 | ) |  |  | (79 | ) |  |  | (270 | ) |  |  | (387 | )
|  |  | 8,564 |  |  |  | 1,667 |  |  |  | (270 | ) |  |  | 9,961 |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |  |  | 49,534 |  |  |  | 3,301 |  |  |  | 270 |  |  |  | 53,105 |
Income tax expense |  |  | (220 | ) |  |  | (1,147 | ) |  |  | — |  |  |  | (1,367 | )
INCOME FROM CONTINUING OPERATIONS |  |  | 49,314 |  |  |  | 2,154 |  |  |  | 270 |  |  |  | 51,738 |
Income from equity in subsidiaries |  |  | 2,424 |  |  |  | — |  |  |  | (2,424 | ) |  |  | — |
NET INCOME |  | $ | 51,738 |  |  | $ | 2,154 |  |  | $ | (2,154 | ) |  | $ | 51,738 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended March 31, 2013 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 313,437 |  |  | $ | 332,993 |  |  | $ | (229,707 | ) |  | $ | 416,723 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 234,660 |  |  |  | 293,269 |  |  |  | (229,707 | ) |  |  | 298,222 |
General and administrative |  |  | 9,609 |  |  |  | 21,623 |  |  |  | — |  |  |  | 31,232 |
Depreciation and amortization |  |  | 18,651 |  |  |  | 8,726 |  |  |  | — |  |  |  | 27,377 |
|  |  | 262,920 |  |  |  | 323,618 |  |  |  | (229,707 | ) |  |  | 356,831 |
OPERATING INCOME |  |  | 50,517 |  |  |  | 9,375 |  |  |  | — |  |  |  | 59,892 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 10,095 |  |  |  | 2,471 |  |  |  | — |  |  |  | 12,566 |
Expenses associated with debt refinancing transactions |  |  | 177 |  |  |  | 48 |  |  |  | — |  |  |  | 225 |
Other (income) expense |  |  | 321 |  |  |  | (201 | ) |  |  | (19 | ) |  |  | 101 |
|  |  | 10,593 |  |  |  | 2,318 |  |  |  | (19 | ) |  |  | 12,892 |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |  |  | 39,924 |  |  |  | 7,057 |  |  |  | 19 |  |  |  | 47,000 |
Income tax benefit (expense) |  |  | 138,211 |  |  |  | (3,764 | ) |  |  | — |  |  |  | 134,447 |
INCOME FROM CONTINUING OPERATIONS |  |  | 178,135 |  |  |  | 3,293 |  |  |  | 19 |  |  |  | 181,447 |
Income from equity in subsidiaries |  |  | 2,957 |  |  |  | — |  |  |  | (2,957 | ) |  |  | — |
Loss from discontinued operations, net of taxes |  |  | — |  |  |  | (355 | ) |  |  | — |  |  |  | (355 | )
NET INCOME |  | $ | 181,092 |  |  | $ | 2,938 |  |  | $ | (2,938 | ) |  | $ | 181,092 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the three months ended March 31, 2014 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments And Other |  |  | Total Consolidated Amounts |
Net cash provided by (used in) operating activities |  | $ | 86,628 |  |  | $ | (20,046 | ) |  | $ | — |  |  | $ | 66,582 |
Net cash used in investing activities |  |  | (24,008 | ) |  |  | (2,718 | ) |  |  | — |  |  |  | (26,726 | )
Net cash provided by (used in) financing activities |  |  | (66,062 | ) |  |  | 968 |  |  |  | — |  |  |  | (65,094 | )
Net decrease in cash and cash equivalents |  |  | (3,442 | ) |  |  | (21,796 | ) |  |  | — |  |  |  | (25,238 | )
CASH AND CASH EQUIVALENTS, beginning of period |  |  | 31,647 |  |  |  | 46,272 |  |  |  | — |  |  |  | 77,919 |
CASH AND CASH EQUIVALENTS, end of period |  | $ | 28,205 |  |  | $ | 24,476 |  |  | $ | — |  |  | $ | 52,681 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the three months ended March 31, 2013 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments And Other |  |  | Total Consolidated Amounts |
Net cash provided by (used in) operating activities |  | $ | (123,998 | ) |  | $ | 220,853 |  |  | $ | — |  |  | $ | 96,855 |
Net cash used in investing activities |  |  | (8,149 | ) |  |  | (3,506 | ) |  |  | — |  |  |  | (11,655 | )
Net cash provided by (used in) financing activities |  |  | 159,905 |  |  |  | (247,672 | ) |  |  | — |  |  |  | (87,767 | )
Net increase (decrease) in cash and cash equivalents |  |  | 27,758 |  |  |  | (30,325 | ) |  |  | — |  |  |  | (2,567 | )
CASH AND CASH EQUIVALENTS, beginning of period |  |  | — |  |  |  | 62,897 |  |  |  | — |  |  |  | 62,897 |
CASH AND CASH EQUIVALENTS, end of period |  | $ | 27,758 |  |  | $ | 32,572 |  |  | $ | — |  |  | $ | 60,330 |

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