XML 28 R29.htm IDEA: XBRL DOCUMENT
v2.4.0.8

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF THE COMPANY AND SUBSIDIARIES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2014
CONDENSED CONSOLIDATING BALANCE SHEET | CONDENSED CONSOLIDATING BALANCE SHEET As of June 30, 2014 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 15,293 |  |  | $ | 31,322 |  |  | $ | — |  |  | $ | 46,615 |
Accounts receivable, net of allowance |  |  | 211,830 |  |  |  | 183,369 |  |  |  | (148,305 | ) |  |  | 246,894 |
Current deferred tax assets |  |  | 4 |  |  |  | 6,347 |  |  |  | — |  |  |  | 6,351 |
Prepaid expenses and other current assets |  |  | 4,330 |  |  |  | 34,292 |  |  |  | (9,615 | ) |  |  | 29,007 |
Total current assets |  |  | 231,457 |  |  |  | 255,330 |  |  |  | (157,920 | ) |  |  | 328,867 |
Property and equipment, net |  |  | 2,451,128 |  |  |  | 87,868 |  |  |  | — |  |  |  | 2,538,996 |
Restricted cash |  |  | 1,016 |  |  |  | 1,591 |  |  |  | — |  |  |  | 2,607 |
Investment in direct financing lease |  |  | 4,382 |  |  |  | — |  |  |  | — |  |  |  | 4,382 |
Goodwill |  |  | — |  |  |  | 16,110 |  |  |  | — |  |  |  | 16,110 |
Non-current deferred tax assets |  |  | — |  |  |  | 6,434 |  |  |  | (559 | ) |  |  | 5,875 |
Other assets |  |  | 254,542 |  |  |  | 47,474 |  |  |  | (225,359 | ) |  |  | 76,657 |
Total assets |  | $ | 2,942,525 |  |  | $ | 414,807 |  |  | $ | (383,838 | ) |  | $ | 2,973,494 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 245,998 |  |  | $ | 149,325 |  |  | $ | (157,885 | ) |  | $ | 237,438 |
Income taxes payable |  |  | 32 |  |  |  | 644 |  |  |  | — |  |  |  | 676 |
Current liabilities of discontinued operations |  |  | — |  |  |  | 370 |  |  |  | — |  |  |  | 370 |
Total current liabilities |  |  | 246,030 |  |  |  | 150,339 |  |  |  | (157,885 | ) |  |  | 238,484 |
Long-term debt |  |  | 1,195,000 |  |  |  | 115,000 |  |  |  | (115,000 | ) |  |  | 1,195,000 |
Deferred tax liabilities |  |  | 559 |  |  |  | — |  |  |  | (559 | ) |  |  | — |
Other liabilities |  |  | 1,306 |  |  |  | 39,074 |  |  |  | — |  |  |  | 40,380 |
Total liabilities |  |  | 1,442,895 |  |  |  | 304,413 |  |  |  | (273,444 | ) |  |  | 1,473,864 |
Total stockholders’ equity |  |  | 1,499,630 |  |  |  | 110,394 |  |  |  | (110,394 | ) |  |  | 1,499,630 |
Total liabilities and stockholders’ equity |  | $ | 2,942,525 |  |  | $ | 414,807 |  |  | $ | (383,838 | ) |  | $ | 2,973,494 |
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 June 30, 2014 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 314,311 |  |  | $ | 314,508 |  |  | $ | (218,125 | ) |  | $ | 410,694 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 225,389 |  |  |  | 280,346 |  |  |  | (218,125 | ) |  |  | 287,610 |
General and administrative |  |  | 8,253 |  |  |  | 18,306 |  |  |  | — |  |  |  | 26,559 |
Depreciation and amortization |  |  | 20,108 |  |  |  | 8,644 |  |  |  | — |  |  |  | 28,752 |
Asset impairments |  |  | 2,238 |  |  |  | — |  |  |  | — |  |  |  | 2,238 |
|  |  | 255,988 |  |  |  | 307,296 |  |  |  | (218,125 | ) |  |  | 345,159 |
OPERATING INCOME |  |  | 58,323 |  |  |  | 7,212 |  |  |  | — |  |  |  | 65,535 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense (income), net |  |  | 8,809 |  |  |  | (445 | ) |  |  | — |  |  |  | 8,364 |
Other (income) expense |  |  | (125 | ) |  |  | (449 | ) |  |  | (39 | ) |  |  | (613 | )
|  |  | 8,684 |  |  |  | (894 | ) |  |  | (39 | ) |  |  | 7,751 |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |  |  | 49,639 |  |  |  | 8,106 |  |  |  | 39 |  |  |  | 57,784 |
Income tax benefit (expense) |  |  | 86 |  |  |  | (2,138 | ) |  |  | — |  |  |  | (2,052 | )
INCOME FROM CONTINUING OPERATIONS |  |  | 49,725 |  |  |  | 5,968 |  |  |  | 39 |  |  |  | 55,732 |
Income from equity in subsidiaries |  |  | 6,007 |  |  |  | — |  |  |  | (6,007 | ) |  |  | — |
NET INCOME |  | $ | 55,732 |  |  | $ | 5,968 |  |  | $ | (5,968 | ) |  | $ | 55,732 |
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 |  |  | $ | 336,738 |  |  | $ | (230,672 | ) |  | $ | 425,005 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 237,181 |  |  |  | 297,492 |  |  |  | (230,672 | ) |  |  | 304,001 |
General and administrative |  |  | 8,086 |  |  |  | 17,274 |  |  |  | — |  |  |  | 25,360 |
Depreciation and amortization |  |  | 18,936 |  |  |  | 8,739 |  |  |  | — |  |  |  | 27,675 |
|  |  | 264,203 |  |  |  | 323,505 |  |  |  | (230,672 | ) |  |  | 357,036 |
OPERATING INCOME |  |  | 54,736 |  |  |  | 13,233 |  |  |  | — |  |  |  | 67,969 |
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 | ) |  |  | (17 | ) |  |  | (19 | ) |  |  | (37 | )
|  |  | 39,006 |  |  |  | 9,191 |  |  |  | (19 | ) |  |  | 48,178 |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |  |  | 15,730 |  |  |  | 4,042 |  |  |  | 19 |  |  |  | 19,791 |
Income tax benefit (expense) |  |  | (13 | ) |  |  | 3,390 |  |  |  | — |  |  |  | 3,377 |
INCOME FROM CONTINUING OPERATIONS |  |  | 15,717 |  |  |  | 7,432 |  |  |  | 19 |  |  |  | 23,168 |
Income from equity in subsidiaries |  |  | 4,712 |  |  |  | — |  |  |  | (4,712 | ) |  |  | — |
Loss from discontinued operations, net of taxes |  |  | — |  |  |  | (2,739 | ) |  |  | — |  |  |  | (2,739 | )
NET INCOME |  | $ | 20,429 |  |  | $ | 4,693 |  |  | $ | (4,693 | ) |  | $ | 20,429 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the six months ended June 30, 2014 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 620,559 |  |  | $ | 625,755 |  |  | $ | (431,398 | ) |  | $ | 814,916 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 445,094 |  |  |  | 561,294 |  |  |  | (431,398 | ) |  |  | 574,990 |
General and administrative |  |  | 16,929 |  |  |  | 35,022 |  |  |  | — |  |  |  | 51,951 |
Depreciation and amortization |  |  | 39,877 |  |  |  | 17,259 |  |  |  | — |  |  |  | 57,136 |
Asset impairments |  |  | 2,238 |  |  |  | — |  |  |  | — |  |  |  | 2,238 |
|  |  | 504,138 |  |  |  | 613,575 |  |  |  | (431,398 | ) |  |  | 686,315 |
OPERATING INCOME |  |  | 116,421 |  |  |  | 12,180 |  |  |  | — |  |  |  | 128,601 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 17,411 |  |  |  | 1,301 |  |  |  | — |  |  |  | 18,712 |
Other (income) expense |  |  | (163 | ) |  |  | (528 | ) |  |  | (309 | ) |  |  | (1,000 | )
|  |  | 17,248 |  |  |  | 773 |  |  |  | (309 | ) |  |  | 17,712 |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |  |  | 99,173 |  |  |  | 11,407 |  |  |  | 309 |  |  |  | 110,889 |
Income tax expense |  |  | (134 | ) |  |  | (3,285 | ) |  |  | — |  |  |  | (3,419 | )
INCOME FROM CONTINUING OPERATIONS |  |  | 99,039 |  |  |  | 8,122 |  |  |  | 309 |  |  |  | 107,470 |
Income from equity in subsidiaries |  |  | 8,431 |  |  |  | — |  |  |  | (8,431 | ) |  |  | — |
NET INCOME |  | $ | 107,470 |  |  | $ | 8,122 |  |  | $ | (8,122 | ) |  | $ | 107,470 |
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 |  |  | $ | 669,731 |  |  | $ | (460,379 | ) |  | $ | 841,728 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 471,841 |  |  |  | 590,761 |  |  |  | (460,379 | ) |  |  | 602,223 |
General and administrative |  |  | 17,695 |  |  |  | 38,897 |  |  |  | — |  |  |  | 56,592 |
Depreciation and amortization |  |  | 37,587 |  |  |  | 17,465 |  |  |  | — |  |  |  | 55,052 |
|  |  | 527,123 |  |  |  | 647,123 |  |  |  | (460,379 | ) |  |  | 713,867 |
OPERATING INCOME |  |  | 105,253 |  |  |  | 22,608 |  |  |  | — |  |  |  | 127,861 |
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 |  |  |  | (218 | ) |  |  | (38 | ) |  |  | 64 |
|  |  | 49,599 |  |  |  | 11,509 |  |  |  | (38 | ) |  |  | 61,070 |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |  |  | 55,654 |  |  |  | 11,099 |  |  |  | 38 |  |  |  | 66,791 |
Income tax benefit (expense) |  |  | 138,198 |  |  |  | (374 | ) |  |  | — |  |  |  | 137,824 |
INCOME FROM CONTINUING OPERATIONS |  |  | 193,852 |  |  |  | 10,725 |  |  |  | 38 |  |  |  | 204,615 |
Income from equity in subsidiaries |  |  | 7,669 |  |  |  | — |  |  |  | (7,669 | ) |  |  | — |
Loss from discontinued operations, net of taxes |  |  | — |  |  |  | (3,094 | ) |  |  | — |  |  |  | (3,094 | )
NET INCOME |  | $ | 201,521 |  |  | $ | 7,631 |  |  | $ | (7,631 | ) |  | $ | 201,521 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the six months ended June 30, 2014 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments And Other |  |  | Total Consolidated Amounts |
Net cash provided by (used in) operating activities |  | $ | 147,625 |  |  | $ | (13,719 | ) |  | $ | — |  |  | $ | 133,906 |
Net cash used in investing activities |  |  | (36,097 | ) |  |  | (5,810 | ) |  |  | — |  |  |  | (41,907 | )
Net cash provided by (used in) financing activities |  |  | (127,882 | ) |  |  | 4,579 |  |  |  | — |  |  |  | (123,303 | )
Net decrease in cash and cash equivalents |  |  | (16,354 | ) |  |  | (14,950 | ) |  |  | — |  |  |  | (31,304 | )
CASH AND CASH EQUIVALENTS, beginning of period |  |  | 31,647 |  |  |  | 46,272 |  |  |  | — |  |  |  | 77,919 |
CASH AND CASH EQUIVALENTS, end of period |  | $ | 15,293 |  |  | $ | 31,322 |  |  | $ | — |  |  | $ | 46,615 |
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 period |  |  | — |  |  |  | 62,897 |  |  |  | — |  |  |  | 62,897 |
CASH AND CASH EQUIVALENTS, end of period |  | $ | 8,971 |  |  | $ | 28,904 |  |  | $ | — |  |  | $ | 37,875 |

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration