XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.4.0.3

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF THE COMPANY AND SUBSIDIARIES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2016
CONDENSED CONSOLIDATING BALANCE SHEET | CONDENSED CONSOLIDATING BALANCE SHEET As of March 31, 2016 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 9,989 |  |  | $ | 44,827 |  |  | $ | — |  |  | $ | 54,816 |
Accounts receivable, net of allowance |  |  | 259,068 |  |  |  | 181,627 |  |  |  | (232,391 | ) |  |  | 208,304 |
Prepaid expenses and other current assets |  |  | 2,212 |  |  |  | 32,513 |  |  |  | (6,084 | ) |  |  | 28,641 |
Total current assets |  |  | 271,269 |  |  |  | 258,967 |  |  |  | (238,475 | ) |  |  | 291,761 |
Property and equipment, net |  |  | 2,513,336 |  |  |  | 340,773 |  |  |  | — |  |  |  | 2,854,109 |
Restricted cash |  |  | 218 |  |  |  | — |  |  |  | — |  |  |  | 218 |
Goodwill |  |  | 19,846 |  |  |  | 15,155 |  |  |  | — |  |  |  | 35,001 |
Non-current deferred tax assets |  |  | — |  |  |  | 9,238 |  |  |  | (289 | ) |  |  | 8,949 |
Other assets |  |  | 268,290 |  |  |  | 57,057 |  |  |  | (241,581 | ) |  |  | 83,766 |
Total assets |  | $ | 3,072,959 |  |  | $ | 681,190 |  |  | $ | (480,345 | ) |  | $ | 3,273,804 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 217,902 |  |  | $ | 329,149 |  |  | $ | (238,475 | ) |  | $ | 308,576 |
Income taxes payable |  |  | — |  |  |  | 2,421 |  |  |  | — |  |  |  | 2,421 |
Current portion of long-term debt |  |  | 6,250 |  |  |  | — |  |  |  | — |  |  |  | 6,250 |
Total current liabilities |  |  | 224,152 |  |  |  | 331,570 |  |  |  | (238,475 | ) |  |  | 317,247 |
Long-term debt, net of current portion |  |  | 1,401,312 |  |  |  | 113,816 |  |  |  | (115,000 | ) |  |  | 1,400,128 |
Non-current deferred tax liabilities |  |  | 289 |  |  |  | — |  |  |  | (289 | ) |  |  | — |
Deferred revenue |  |  | — |  |  |  | 54,641 |  |  |  | — |  |  |  | 54,641 |
Other liabilities |  |  | 750 |  |  |  | 54,582 |  |  |  | — |  |  |  | 55,332 |
Total liabilities |  |  | 1,626,503 |  |  |  | 554,609 |  |  |  | (353,764 | ) |  |  | 1,827,348 |
Total stockholders’ equity |  |  | 1,446,456 |  |  |  | 126,581 |  |  |  | (126,581 | ) |  |  | 1,446,456 |
Total liabilities and stockholders’ equity |  | $ | 3,072,959 |  |  | $ | 681,190 |  |  | $ | (480,345 | ) |  | $ | 3,273,804 |
CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2015 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 15,666 |  |  | $ | 49,625 |  |  | $ | — |  |  | $ | 65,291 |
Restricted cash |  |  | 637 |  |  |  | 240 |  |  |  | — |  |  |  | 877 |
Accounts receivable, net of allowance |  |  | 300,632 |  |  |  | 159,286 |  |  |  | (225,462 | ) |  |  | 234,456 |
Prepaid expenses and other current assets |  |  | 3,760 |  |  |  | 43,706 |  |  |  | (6,032 | ) |  |  | 41,434 |
Total current assets |  |  | 320,695 |  |  |  | 252,857 |  |  |  | (231,494 | ) |  |  | 342,058 |
Property and equipment, net |  |  | 2,526,278 |  |  |  | 356,782 |  |  |  | — |  |  |  | 2,883,060 |
Restricted cash |  |  | 131 |  |  |  | — |  |  |  | — |  |  |  | 131 |
Investment in direct financing lease |  |  | 684 |  |  |  | — |  |  |  | — |  |  |  | 684 |
Goodwill |  |  | 20,402 |  |  |  | 15,155 |  |  |  | — |  |  |  | 35,557 |
Non-current deferred tax assets |  |  | — |  |  |  | 10,217 |  |  |  | (393 | ) |  |  | 9,824 |
Other assets |  |  | 241,510 |  |  |  | 57,120 |  |  |  | (213,926 | ) |  |  | 84,704 |
Total assets |  | $ | 3,109,700 |  |  | $ | 692,131 |  |  | $ | (445,813 | ) |  | $ | 3,356,018 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 191,600 |  |  | $ | 357,569 |  |  | $ | (231,494 | ) |  | $ | 317,675 |
Income taxes payable |  |  | — |  |  |  | 1,920 |  |  |  | — |  |  |  | 1,920 |
Current portion of long-term debt |  |  | 5,000 |  |  |  | — |  |  |  | — |  |  |  | 5,000 |
Total current liabilities |  |  | 196,600 |  |  |  | 359,489 |  |  |  | (231,494 | ) |  |  | 324,595 |
Long-term debt, net of current portion |  |  | 1,448,316 |  |  |  | 113,761 |  |  |  | (115,000 | ) |  |  | 1,447,077 |
Non-current deferred tax liabilities |  |  | 393 |  |  |  | — |  |  |  | (393 | ) |  |  | — |
Deferred revenue |  |  | — |  |  |  | 63,289 |  |  |  | — |  |  |  | 63,289 |
Other liabilities |  |  | 1,643 |  |  |  | 56,666 |  |  |  | — |  |  |  | 58,309 |
Total liabilities |  |  | 1,646,952 |  |  |  | 593,205 |  |  |  | (346,887 | ) |  |  | 1,893,270 |
Total stockholders’ equity |  |  | 1,462,748 |  |  |  | 98,926 |  |  |  | (98,926 | ) |  |  | 1,462,748 |
Total liabilities and stockholders’ equity |  | $ | 3,109,700 |  |  | $ | 692,131 |  |  | $ | (445,813 | ) |  | $ | 3,356,018 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended March 31, 2016 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 284,724 |  |  | $ | 377,477 |  |  | $ | (214,816) |  |  | $ | 447,385 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 222,064 |  |  |  | 306,670 |  |  |  | (214,816 | ) |  |  | 313,918 |
General and administrative |  |  | 9,194 |  |  |  | 17,286 |  |  |  | — |  |  |  | 26,480 |
Depreciation and amortization |  |  | 20,891 |  |  |  | 21,168 |  |  |  | — |  |  |  | 42,059 |
|  |  | 252,149 |  |  |  | 345,124 |  |  |  | (214,816 | ) |  |  | 382,457 |
OPERATING INCOME |  |  | 32,575 |  |  |  | 32,353 |  |  |  | — |  |  |  | 64,928 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 13,002 |  |  |  | 4,542 |  |  |  | — |  |  |  | 17,544 |
Other (income) expense |  |  | 112 |  |  |  | (191 | ) |  |  | (4 | ) |  |  | (83 | )
|  |  | 13,114 |  |  |  | 4,351 |  |  |  | (4 | ) |  |  | 17,461 |
INCOME BEFORE INCOME TAXES |  |  | 19,461 |  |  |  | 28,002 |  |  |  | 4 |  |  |  | 47,467 |
Income tax expense |  |  | (366 | ) |  |  | (794 | ) |  |  | — |  |  |  | (1,160 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 19,095 |  |  |  | 27,208 |  |  |  | 4 |  |  |  | 46,307 |
Income from equity in subsidiaries |  |  | 27,212 |  |  |  | — |  |  |  | (27,212 | ) |  |  | — |
NET INCOME |  | $ | 46,307 |  |  | $ | 27,208 |  |  | $ | (27,208 | ) |  | $ | 46,307 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended March 31, 2015 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 303,040 |  |  | $ | 335,223 |  |  | $ | (212,263 | ) |  | $ | 426,000 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 221,677 |  |  |  | 291,248 |  |  |  | (212,263 | ) |  |  | 300,662 |
General and administrative |  |  | 8,800 |  |  |  | 18,072 |  |  |  | — |  |  |  | 26,872 |
Depreciation and amortization |  |  | 20,069 |  |  |  | 8,616 |  |  |  | — |  |  |  | 28,685 |
Asset impairments |  |  | — |  |  |  | 955 |  |  |  | — |  |  |  | 955 |
|  |  | 250,546 |  |  |  | 318,891 |  |  |  | (212,263 | ) |  |  | 357,174 |
OPERATING INCOME |  |  | 52,494 |  |  |  | 16,332 |  |  |  | — |  |  |  | 68,826 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 8,427 |  |  |  | 1,763 |  |  |  | — |  |  |  | 10,190 |
Other (income) expense |  |  | 171 |  |  |  | (121 | ) |  |  | (76 | ) |  |  | (26 | )
|  |  | 8,598 |  |  |  | 1,642 |  |  |  | (76 | ) |  |  | 10,164 |
INCOME BEFORE INCOME TAXES |  |  | 43,896 |  |  |  | 14,690 |  |  |  | 76 |  |  |  | 58,662 |
Income tax expense |  |  | (176 | ) |  |  | (1,209 | ) |  |  | — |  |  |  | (1,385 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 43,720 |  |  |  | 13,481 |  |  |  | 76 |  |  |  | 57,277 |
Income from equity in subsidiaries |  |  | 13,557 |  |  |  | — |  |  |  | (13,557 | ) |  |  | — |
NET INCOME |  | $ | 57,277 |  |  | $ | 13,481 |  |  | $ | (13,481 | ) |  | $ | 57,277 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the three months ended March 31, 2016 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments And Other |  |  | Total Consolidated Amounts |
Net cash provided by operating activities |  | $ | 117,248 |  |  | $ | 3,061 |  |  | $ | — |  |  | $ | 120,309 |
Net cash used in investing activities |  |  | (9,174 | ) |  |  | (5,043 | ) |  |  | — |  |  |  | (14,217 | )
Net cash used in financing activities |  |  | (113,751 | ) |  |  | (2,816 | ) |  |  | — |  |  |  | (116,567 | )
Net decrease in cash and cash equivalents |  |  | (5,677 | ) |  |  | (4,798 | ) |  |  | — |  |  |  | (10,475 | )
CASH AND CASH EQUIVALENTS, beginning of period |  |  | 15,666 |  |  |  | 49,625 |  |  |  | — |  |  |  | 65,291 |
CASH AND CASH EQUIVALENTS, end of period |  | $ | 9,989 |  |  | $ | 44,827 |  |  | $ | — |  |  | $ | 54,816 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the three months ended March 31, 2015 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments And Other |  |  | Total Consolidated Amounts |
Net cash provided by operating activities |  | $ | 65,048 |  |  | $ | 52,138 |  |  | $ | — |  |  | $ | 117,186 |
Net cash used in investing activities |  |  | (32,119 | ) |  |  | (32,463 | ) |  |  | (26,999 | ) |  |  | (91,581 | )
Net cash provided by (used in) financing activities |  |  | (24,810 | ) |  |  | (28,165 | ) |  |  | 26,999 |  |  |  | (25,976 | )
Net increase (decrease) in cash and cash equivalents |  |  | 8,119 |  |  |  | (8,490 | ) |  |  | — |  |  |  | (371 | )
CASH AND CASH EQUIVALENTS, beginning of period |  |  | 12,337 |  |  |  | 62,056 |  |  |  | — |  |  |  | 74,393 |
CASH AND CASH EQUIVALENTS, end of period |  | $ | 20,456 |  |  | $ | 53,566 |  |  | $ | — |  |  | $ | 74,022 |

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