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CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF THE COMPANY AND SUBSIDIARIES (Tables) | 9 Months Ended
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Sep. 30, 2015
CONDENSED CONSOLIDATING BALANCE SHEET | CONDENSED CONSOLIDATING BALANCE SHEET As of September 30, 2015 (in thousands)
ASSETS |  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
Cash and cash equivalents |  | $ | 32,417 |  |  | $ | 45,985 |  |  | $ | — |  |  | $ | 78,402 |
Restricted cash |  |  | 645 |  |  |  | 340 |  |  |  | — |  |  |  | 985 |
Accounts receivable, net of allowance |  |  | 173,613 |  |  |  | 154,382 |  |  |  | (77,458 | ) |  |  | 250,537 |
Current deferred tax assets |  |  | 164 |  |  |  | 8,247 |  |  |  | — |  |  |  | 8,411 |
Prepaid expenses and other current assets |  |  | 3,512 |  |  |  | 40,680 |  |  |  | (7,959 | ) |  |  | 36,233 |
Total current assets |  |  | 210,351 |  |  |  | 249,634 |  |  |  | (85,417 | ) |  |  | 374,568 |
Property and equipment, net |  |  | 2,531,397 |  |  |  | 241,346 |  |  |  | — |  |  |  | 2,772,743 |
Restricted cash |  |  | 122 |  |  |  | — |  |  |  | — |  |  |  | 122 |
Investment in direct financing lease |  |  | 1,348 |  |  |  | — |  |  |  | — |  |  |  | 1,348 |
Goodwill |  |  | — |  |  |  | 15,155 |  |  |  | — |  |  |  | 15,155 |
Non-current deferred tax assets |  |  | — |  |  |  | 6,230 |  |  |  | (354 | ) |  |  | 5,876 |
Other assets |  |  | 252,542 |  |  |  | 45,657 |  |  |  | (217,379 | ) |  |  | 80,820 |
Total assets |  | $ | 2,995,760 |  |  | $ | 558,022 |  |  | $ | (303,150 | ) |  | $ | 3,250,632 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 200,169 |  |  | $ | 207,484 |  |  | $ | (85,382 | ) |  | $ | 322,271 |
Income taxes payable |  |  | 3 |  |  |  | 1,480 |  |  |  | — |  |  |  | 1,483 |
Total current liabilities |  |  | 200,172 |  |  |  | 208,964 |  |  |  | (85,382 | ) |  |  | 323,754 |
Long-term debt |  |  | 1,320,000 |  |  |  | 115,000 |  |  |  | (115,000 | ) |  |  | 1,320,000 |
Non-current deferred tax liabilities |  |  | 354 |  |  |  | — |  |  |  | (354 | ) |  |  | — |
Deferred revenue |  |  | — |  |  |  | 72,722 |  |  |  | — |  |  |  | 72,722 |
Other liabilities |  |  | 1,353 |  |  |  | 58,922 |  |  |  | — |  |  |  | 60,275 |
Total liabilities |  |  | 1,521,879 |  |  |  | 455,608 |  |  |  | (200,736 | ) |  |  | 1,776,751 |
Total stockholders’ equity |  |  | 1,473,881 |  |  |  | 102,414 |  |  |  | (102,414 | ) |  |  | 1,473,881 |
Total liabilities and stockholders’ equity |  | $ | 2,995,760 |  |  | $ | 558,022 |  |  | $ | (303,150 | ) |  | $ | 3,250,632 |
CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2014 (in thousands)
ASSETS |  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
Cash and cash equivalents |  | $ | 12,337 |  |  | $ | 62,056 |  |  | $ | — |  |  | $ | 74,393 |
Accounts receivable, net of allowance |  |  | 167,626 |  |  |  | 178,911 |  |  |  | (97,949 | ) |  |  | 248,588 |
Current deferred tax assets |  |  | — |  |  |  | 13,241 |  |  |  | (12 | ) |  |  | 13,229 |
Prepaid expenses and other current assets |  |  | 17,060 |  |  |  | 34,705 |  |  |  | (21,990 | ) |  |  | 29,775 |
Total current assets |  |  | 197,023 |  |  |  | 288,913 |  |  |  | (119,951 | ) |  |  | 365,985 |
Property and equipment, net |  |  | 2,459,053 |  |  |  | 199,575 |  |  |  | — |  |  |  | 2,658,628 |
Restricted cash |  |  | 1,267 |  |  |  | 1,591 |  |  |  | — |  |  |  | 2,858 |
Investment in direct financing lease |  |  | 3,223 |  |  |  | — |  |  |  | — |  |  |  | 3,223 |
Goodwill |  |  | — |  |  |  | 16,110 |  |  |  | — |  |  |  | 16,110 |
Non-current deferred tax assets |  |  | — |  |  |  | 2,778 |  |  |  | (477 | ) |  |  | 2,301 |
Other assets |  |  | 241,690 |  |  |  | 47,046 |  |  |  | (210,650 | ) |  |  | 78,086 |
Total assets |  | $ | 2,902,256 |  |  | $ | 556,013 |  |  | $ | (331,078 | ) |  | $ | 3,127,191 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 218,403 |  |  | $ | 205,213 |  |  | $ | (106,050 | ) |  | $ | 317,566 |
Income taxes payable |  |  | 195 |  |  |  | 1,173 |  |  |  | — |  |  |  | 1,368 |
Current deferred tax liabilities |  |  | 13 |  |  |  | — |  |  |  | (13 | ) |  |  | — |
Note payable to an affiliate |  |  | — |  |  |  | 13,854 |  |  |  | (13,854 | ) |  |  | — |
Current liabilities of discontinued operations |  |  | — |  |  |  | 54 |  |  |  | — |  |  |  | 54 |
Total current liabilities |  |  | 218,611 |  |  |  | 220,294 |  |  |  | (119,917 | ) |  |  | 318,988 |
Long-term debt |  |  | 1,200,000 |  |  |  | 115,000 |  |  |  | (115,000 | ) |  |  | 1,200,000 |
Non-current deferred tax liabilities |  |  | 477 |  |  |  | — |  |  |  | (477 | ) |  |  | — |
Deferred revenue |  |  | — |  |  |  | 87,227 |  |  |  | — |  |  |  | 87,227 |
Other liabilities |  |  | 1,668 |  |  |  | 37,808 |  |  |  | — |  |  |  | 39,476 |
Total liabilities |  |  | 1,420,756 |  |  |  | 460,329 |  |  |  | (235,394 | ) |  |  | 1,645,691 |
Total stockholders’ equity |  |  | 1,481,500 |  |  |  | 95,684 |  |  |  | (95,684 | ) |  |  | 1,481,500 |
Total liabilities and stockholders’ equity |  | $ | 2,902,256 |  |  | $ | 556,013 |  |  | $ | (331,078 | ) |  | $ | 3,127,191 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended September 30, 2015 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 294,578 |  |  | $ | 384,840 |  |  | $ | (219,461 | ) |  | $ | 459,957 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 226,020 |  |  |  | 319,941 |  |  |  | (219,461 | ) |  |  | 326,500 |
General and administrative |  |  | 8,226 |  |  |  | 18,565 |  |  |  | — |  |  |  | 26,791 |
Depreciation and amortization |  |  | 20,623 |  |  |  | 20,607 |  |  |  | — |  |  |  | 41,230 |
|  |  | 254,869 |  |  |  | 359,113 |  |  |  | (219,461 | ) |  |  | 394,521 |
OPERATING INCOME |  |  | 39,709 |  |  |  | 25,727 |  |  |  | — |  |  |  | 65,436 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 7,739 |  |  |  | 4,025 |  |  |  | — |  |  |  | 11,764 |
Expenses associated with debt refinancing transactions |  |  | 701 |  |  |  | — |  |  |  | — |  |  |  | 701 |
Other (income) expense |  |  | 131 |  |  |  | (469 | ) |  |  | (25 | ) |  |  | (363 | )
|  |  | 8,571 |  |  |  | 3,556 |  |  |  | (25 | ) |  |  | 12,102 |
INCOME BEFORE INCOME TAXES |  |  | 31,138 |  |  |  | 22,171 |  |  |  | 25 |  |  |  | 53,334 |
Income tax expense |  |  | (480 | ) |  |  | (2,178 | ) |  |  | — |  |  |  | (2,658 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 30,658 |  |  |  | 19,993 |  |  |  | 25 |  |  |  | 50,676 |
Income from equity in subsidiaries |  |  | 20,018 |  |  |  | — |  |  |  | (20,018 | ) |  |  | — |
NET INCOME |  | $ | 50,676 |  |  | $ | 19,993 |  |  | $ | (19,993 | ) |  | $ | 50,676 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended September 30, 2014 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 319,127 |  |  | $ | 310,597 |  |  | $ | (221,250 | ) |  | $ | 408,474 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 226,820 |  |  |  | 277,142 |  |  |  | (221,250 | ) |  |  | 282,712 |
General and administrative |  |  | 8,719 |  |  |  | 18,916 |  |  |  | — |  |  |  | 27,635 |
Depreciation and amortization |  |  | 20,389 |  |  |  | 7,888 |  |  |  | — |  |  |  | 28,277 |
|  |  | 255,928 |  |  |  | 303,946 |  |  |  | (221,250 | ) |  |  | 338,624 |
OPERATING INCOME |  |  | 63,199 |  |  |  | 6,651 |  |  |  | — |  |  |  | 69,850 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 8,821 |  |  |  | 1,555 |  |  |  | — |  |  |  | 10,376 |
Other (income) expense |  |  | 250 |  |  |  | (61 | ) |  |  | (332 | ) |  |  | (143 | )
|  |  | 9,071 |  |  |  | 1,494 |  |  |  | (332 | ) |  |  | 10,233 |
INCOME BEFORE INCOME TAXES |  |  | 54,128 |  |  |  | 5,157 |  |  |  | 332 |  |  |  | 59,617 |
Income tax expense |  |  | (208 | ) |  |  | (1,863 | ) |  |  | — |  |  |  | (2,071 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 53,920 |  |  |  | 3,294 |  |  |  | 332 |  |  |  | 57,546 |
Income from equity in subsidiaries |  |  | 3,626 |  |  |  | — |  |  |  | (3,626 | ) |  |  | — |
NET INCOME |  | $ | 57,546 |  |  | $ | 3,294 |  |  | $ | (3,294 | ) |  | $ | 57,546 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the nine months ended September 30, 2015 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 899,992 |  |  | $ | 1,093,011 |  |  | $ | (647,751 | ) |  | $ | 1,345,252 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 669,653 |  |  |  | 923,295 |  |  |  | (647,751 | ) |  |  | 945,197 |
General and administrative |  |  | 23,725 |  |  |  | 53,045 |  |  |  | — |  |  |  | 76,770 |
Depreciation and amortization |  |  | 60,967 |  |  |  | 47,348 |  |  |  | — |  |  |  | 108,315 |
Asset impairments |  |  | — |  |  |  | 955 |  |  |  | — |  |  |  | 955 |
|  |  | 754,345 |  |  |  | 1,024,643 |  |  |  | (647,751 | ) |  |  | 1,131,237 |
OPERATING INCOME |  |  | 145,647 |  |  |  | 68,368 |  |  |  | — |  |  |  | 214,015 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 24,420 |  |  |  | 9,295 |  |  |  | — |  |  |  | 33,715 |
Expenses associated with debt refinancing transactions |  |  | 701 |  |  |  | — |  |  |  | — |  |  |  | 701 |
Other (income) expense |  |  | 91 |  |  |  | (479 | ) |  |  | 35 |  |  |  | (353 | )
|  |  | 25,212 |  |  |  | 8,816 |  |  |  | 35 |  |  |  | 34,063 |
INCOME BEFORE INCOME TAXES |  |  | 120,435 |  |  |  | 59,552 |  |  |  | (35 | ) |  |  | 179,952 |
Income tax expense |  |  | (1,001 | ) |  |  | (5,695 | ) |  |  | — |  |  |  | (6,696 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 119,434 |  |  |  | 53,857 |  |  |  | (35 | ) |  |  | 173,256 |
Income from equity in subsidiaries |  |  | 53,822 |  |  |  | — |  |  |  | (53,822 | ) |  |  | — |
NET INCOME |  | $ | 173,256 |  |  | $ | 53,857 |  |  | $ | (53,857 | ) |  | $ | 173,256 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the nine months ended September 30, 2014 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 939,686 |  |  | $ | 936,352 |  |  | $ | (652,648 | ) |  | $ | 1,223,390 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 671,914 |  |  |  | 838,436 |  |  |  | (652,648 | ) |  |  | 857,702 |
General and administrative |  |  | 25,648 |  |  |  | 53,938 |  |  |  | — |  |  |  | 79,586 |
Depreciation and amortization |  |  | 60,266 |  |  |  | 25,147 |  |  |  | — |  |  |  | 85,413 |
Asset impairments |  |  | 2,238 |  |  |  | — |  |  |  | — |  |  |  | 2,238 |
|  |  | 760,066 |  |  |  | 917,521 |  |  |  | (652,648 | ) |  |  | 1,024,939 |
OPERATING INCOME |  |  | 179,620 |  |  |  | 18,831 |  |  |  | — |  |  |  | 198,451 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 26,232 |  |  |  | 2,856 |  |  |  | — |  |  |  | 29,088 |
Other (income) expense |  |  | 87 |  |  |  | (589 | ) |  |  | (641 | ) |  |  | (1,143 | )
|  |  | 26,319 |  |  |  | 2,267 |  |  |  | (641 | ) |  |  | 27,945 |
INCOME BEFORE INCOME TAXES |  |  | 153,301 |  |  |  | 16,564 |  |  |  | 641 |  |  |  | 170,506 |
Income tax expense |  |  | (342 | ) |  |  | (5,148 | ) |  |  | — |  |  |  | (5,490 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 152,959 |  |  |  | 11,416 |  |  |  | 641 |  |  |  | 165,016 |
Income from equity in subsidiaries |  |  | 12,057 |  |  |  | — |  |  |  | (12,057 | ) |  |  | — |
NET INCOME |  | $ | 165,016 |  |  | $ | 11,416 |  |  | $ | (11,416 | ) |  | $ | 165,016 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 30, 2015 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments And Other |  |  | Total Consolidated Amounts |
Net cash provided by operating activities |  | $ | 182,363 |  |  | $ | 123,378 |  |  | $ | — |  |  | $ | 305,741 |
Net cash used in investing activities |  |  | (82,731 | ) |  |  | (75,349 | ) |  |  | (67,599 | ) |  |  | (225,679 | )
Net cash provided by (used in) financing activities |  |  | (79,552 | ) |  |  | (64,100 | ) |  |  | 67,599 |  |  |  | (76,053 | )
Net increase (decrease) in cash and cash equivalents |  |  | 20,080 |  |  |  | (16,071 | ) |  |  | — |  |  |  | 4,009 |
CASH AND CASH EQUIVALENTS, beginning of period |  |  | 12,337 |  |  |  | 62,056 |  |  |  | — |  |  |  | 74,393 |
CASH AND CASH EQUIVALENTS, end of period |  | $ | 32,417 |  |  | $ | 45,985 |  |  | $ | — |  |  | $ | 78,402 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 30, 2014 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments And Other |  |  | Total Consolidated Amounts |
Net cash provided by (used in) operating activities |  | $ | 253,232 |  |  | $ | (4,543 | ) |  | $ | — |  |  | $ | 248,689 |
Net cash used in investing activities |  |  | (130,102 | ) |  |  | (81,892 | ) |  |  | 70,500 |  |  |  | (141,494 | )
Net cash provided by (used in) financing activities |  |  | (144,443 | ) |  |  | 78,676 |  |  |  | (70,500 | ) |  |  | (136,267 | )
Net decrease in cash and cash equivalents |  |  | (21,313 | ) |  |  | (7,759 | ) |  |  | — |  |  |  | (29,072 | )
CASH AND CASH EQUIVALENTS, beginning of period |  |  | 31,647 |  |  |  | 46,272 |  |  |  | — |  |  |  | 77,919 |
CASH AND CASH EQUIVALENTS, end of period |  | $ | 10,334 |  |  | $ | 38,513 |  |  | $ | — |  |  | $ | 48,847 |

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