XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.10.0.1

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF THE COMPANY AND SUBSIDIARIES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
CONDENSED CONSOLIDATING BALANCE SHEET (Unaudited) | CONDENSED CONSOLIDATING BALANCE SHEET As of June 30, 2018 (Unaudited and in thousands)
ASSETS |  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Non-Guarantor Subsidiaries |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
Cash and cash equivalents |  | $ | 41,992 |  |  | $ | 29,376 |  |  | $ | — |  |  | $ | — |  |  | $ | 71,368 |
Restricted cash |  |  | — |  |  |  | — |  |  |  | 5,163 |  |  |  | — |  |  |  | 5,163 |
Accounts receivable, net of allowance |  |  | 151,045 |  |  |  | 418,744 |  |  |  | (1 | ) |  |  | (351,931 | ) |  |  | 217,857 |
Prepaid expenses and other current assets |  |  | 2,824 |  |  |  | 35,308 |  |  |  | 14 |  |  |  | (5,745 | ) |  |  | 32,401 |
Assets held for sale |  |  | 12,600 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 12,600 |
Total current assets |  |  | 208,461 |  |  |  | 483,428 |  |  |  | 5,176 |  |  |  | (357,676 | ) |  |  | 339,389 |
Property and equipment, net |  |  | 2,470,999 |  |  |  | 324,477 |  |  |  | 6,670 |  |  |  | — |  |  |  | 2,802,146 |
Goodwill |  |  | 33,057 |  |  |  | 10,939 |  |  |  | — |  |  |  | — |  |  |  | 43,996 |
Non-current deferred tax assets |  |  | — |  |  |  | 12,010 |  |  |  | — |  |  |  | (479 | ) |  |  | 11,531 |
Other assets |  |  | 488,835 |  |  |  | 52,397 |  |  |  | — |  |  |  | (445,517 | ) |  |  | 95,715 |
Total assets |  | $ | 3,201,352 |  |  | $ | 883,251 |  |  | $ | 11,846 |  |  | $ | (803,672 | ) |  | $ | 3,292,777 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 275,166 |  |  | $ | 360,213 |  |  | $ | 190 |  |  | $ | (357,641 | ) |  | $ | 277,928 |
Income taxes payable |  |  | 21 |  |  |  | 179 |  |  |  | — |  |  |  | — |  |  |  | 200 |
Current portion of long-term debt |  |  | 6,193 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,193 |
Total current liabilities |  |  | 281,380 |  |  |  | 360,392 |  |  |  | 190 |  |  |  | (357,641 | ) |  |  | 284,321 |
Long-term debt, net |  |  | 1,476,808 |  |  |  | 114,317 |  |  |  | 11,656 |  |  |  | (115,000 | ) |  |  | 1,487,781 |
Non-current deferred tax liabilities |  |  | 479 |  |  |  | — |  |  |  | — |  |  |  | (479 | ) |  |  | — |
Deferred revenue |  |  | — |  |  |  | 32,918 |  |  |  | — |  |  |  | — |  |  |  | 32,918 |
Other liabilities |  |  | 14,767 |  |  |  | 45,072 |  |  |  | — |  |  |  | — |  |  |  | 59,839 |
Total liabilities |  |  | 1,773,434 |  |  |  | 552,699 |  |  |  | 11,846 |  |  |  | (473,120 | ) |  |  | 1,864,859 |
Total stockholders' equity |  |  | 1,427,918 |  |  |  | 330,552 |  |  |  | — |  |  |  | (330,552 | ) |  |  | 1,427,918 |
Total liabilities and stockholders' equity |  | $ | 3,201,352 |  |  | $ | 883,251 |  |  | $ | 11,846 |  |  | $ | (803,672 | ) |  | $ | 3,292,777 |
CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2017 (in thousands)
ASSETS |  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
Cash and cash equivalents |  | $ | 25,745 |  |  | $ | 26,438 |  |  | $ | — |  |  | $ | 52,183 |
Accounts receivable, net of allowance |  |  | 211,673 |  |  |  | 372,755 |  |  |  | (330,240 | ) |  |  | 254,188 |
Prepaid expenses and other current assets |  |  | 1,835 |  |  |  | 24,986 |  |  |  | (5,702 | ) |  |  | 21,119 |
Total current assets |  |  | 239,253 |  |  |  | 424,179 |  |  |  | (335,942 | ) |  |  | 327,490 |
Property and equipment, net |  |  | 2,467,166 |  |  |  | 335,283 |  |  |  | — |  |  |  | 2,802,449 |
Goodwill |  |  | 26,031 |  |  |  | 14,896 |  |  |  | — |  |  |  | 40,927 |
Non-current deferred tax assets |  |  | — |  |  |  | 13,193 |  |  |  | (379 | ) |  |  | 12,814 |
Other assets |  |  | 421,474 |  |  |  | 69,117 |  |  |  | (401,873 | ) |  |  | 88,718 |
Total assets |  | $ | 3,153,924 |  |  | $ | 856,668 |  |  | $ | (738,194 | ) |  | $ | 3,272,398 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 251,011 |  |  | $ | 362,701 |  |  | $ | (335,908 | ) |  | $ | 277,804 |
Income taxes payable |  |  | 1,443 |  |  |  | 1,591 |  |  |  | — |  |  |  | 3,034 |
Current portion of long-term debt |  |  | 10,000 |  |  |  | — |  |  |  | — |  |  |  | 10,000 |
Total current liabilities |  |  | 262,454 |  |  |  | 364,292 |  |  |  | (335,908 | ) |  |  | 290,838 |
Long-term debt, net |  |  | 1,437,982 |  |  |  | 114,205 |  |  |  | (115,000 | ) |  |  | 1,437,187 |
Non-current deferred tax liabilities |  |  | 379 |  |  |  | — |  |  |  | (379 | ) |  |  | — |
Deferred revenue |  |  | — |  |  |  | 39,735 |  |  |  | — |  |  |  | 39,735 |
Other liabilities |  |  | 1,501 |  |  |  | 51,529 |  |  |  | — |  |  |  | 53,030 |
Total liabilities |  |  | 1,702,316 |  |  |  | 569,761 |  |  |  | (451,287 | ) |  |  | 1,820,790 |
Total stockholders' equity |  |  | 1,451,608 |  |  |  | 286,907 |  |  |  | (286,907 | ) |  |  | 1,451,608 |
Total liabilities and stockholders' equity |  | $ | 3,153,924 |  |  | $ | 856,668 |  |  | $ | (738,194 | ) |  | $ | 3,272,398 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (Unaudited) | CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended June 30, 2018 (Unaudited and in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 313,663 |  |  | $ | 371,245 |  |  | $ | (234,979 | ) |  | $ | 449,929 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 243,853 |  |  |  | 311,665 |  |  |  | (234,979 | ) |  |  | 320,539 |
General and administrative |  |  | 9,697 |  |  |  | 17,841 |  |  |  | — |  |  |  | 27,538 |
Depreciation and amortization |  |  | 22,913 |  |  |  | 15,647 |  |  |  | — |  |  |  | 38,560 |
Asset impairments |  |  | 1,580 |  |  |  | — |  |  |  | — |  |  |  | 1,580 |
|  |  | 278,043 |  |  |  | 345,153 |  |  |  | (234,979 | ) |  |  | 388,217 |
OPERATING INCOME |  |  | 35,620 |  |  |  | 26,092 |  |  |  | — |  |  |  | 61,712 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 16,566 |  |  |  | 2,472 |  |  |  | — |  |  |  | 19,038 |
Expenses associated with debt refinancing transactions |  |  | 1,016 |  |  |  | — |  |  |  | — |  |  |  | 1,016 |
Other (income) expense |  |  | 138 |  |  |  | (145 | ) |  |  | 40 |  |  |  | 33 |
|  |  | 17,720 |  |  |  | 2,327 |  |  |  | 40 |  |  |  | 20,087 |
INCOME BEFORE INCOME TAXES |  |  | 17,900 |  |  |  | 23,765 |  |  |  | (40 | ) |  |  | 41,625 |
Income tax expense |  |  | (342 | ) |  |  | (2,086 | ) |  |  | — |  |  |  | (2,428 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 17,558 |  |  |  | 21,679 |  |  |  | (40 | ) |  |  | 39,197 |
Income from equity in subsidiaries |  |  | 21,639 |  |  |  | — |  |  |  | (21,639 | ) |  |  | — |
NET INCOME |  | $ | 39,197 |  |  | $ | 21,679 |  |  | $ | (21,679 | ) |  | $ | 39,197 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended June 30, 2017 (Unaudited and in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 287,900 |  |  | $ | 361,548 |  |  | $ | (213,055 | ) |  | $ | 436,393 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 221,293 |  |  |  | 299,659 |  |  |  | (213,055 | ) |  |  | 307,897 |
General and administrative |  |  | 8,471 |  |  |  | 17,946 |  |  |  | — |  |  |  | 26,417 |
Depreciation and amortization |  |  | 21,711 |  |  |  | 15,089 |  |  |  | — |  |  |  | 36,800 |
|  |  | 251,475 |  |  |  | 332,694 |  |  |  | (213,055 | ) |  |  | 371,114 |
OPERATING INCOME |  |  | 36,425 |  |  |  | 28,854 |  |  |  | — |  |  |  | 65,279 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 13,737 |  |  |  | 2,885 |  |  |  | — |  |  |  | 16,622 |
Other (income) expense |  |  | (123 | ) |  |  | 52 |  |  |  | 11 |  |  |  | (60 | )
|  |  | 13,614 |  |  |  | 2,937 |  |  |  | 11 |  |  |  | 16,562 |
INCOME BEFORE INCOME TAXES |  |  | 22,811 |  |  |  | 25,917 |  |  |  | (11 | ) |  |  | 48,717 |
Income tax expense |  |  | (450 | ) |  |  | (2,792 | ) |  |  | — |  |  |  | (3,242 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 22,361 |  |  |  | 23,125 |  |  |  | (11 | ) |  |  | 45,475 |
Income from equity in subsidiaries |  |  | 23,114 |  |  |  | — |  |  |  | (23,114 | ) |  |  | — |
NET INCOME |  | $ | 45,475 |  |  | $ | 23,125 |  |  | $ | (23,125 | ) |  | $ | 45,475 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the six months ended June 30, 2018 (Unaudited and in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 621,192 |  |  | $ | 737,930 |  |  | $ | (468,277 | ) |  | $ | 890,845 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 486,038 |  |  |  | 621,929 |  |  |  | (468,277 | ) |  |  | 639,690 |
General and administrative |  |  | 17,932 |  |  |  | 34,577 |  |  |  | — |  |  |  | 52,509 |
Depreciation and amortization |  |  | 45,446 |  |  |  | 31,203 |  |  |  | — |  |  |  | 76,649 |
Asset impairments |  |  | 1,580 |  |  |  | — |  |  |  | — |  |  |  | 1,580 |
|  |  | 550,996 |  |  |  | 687,709 |  |  |  | (468,277 | ) |  |  | 770,428 |
OPERATING INCOME |  |  | 70,196 |  |  |  | 50,221 |  |  |  | — |  |  |  | 120,417 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 32,743 |  |  |  | 5,331 |  |  |  | — |  |  |  | 38,074 |
Expenses associated with debt refinancing transactions |  |  | 1,016 |  |  |  | — |  |  |  | — |  |  |  | 1,016 |
Other (income) expense |  |  | 20 |  |  |  | (87 | ) |  |  | 57 |  |  |  | (10 | )
|  |  | 33,779 |  |  |  | 5,244 |  |  |  | 57 |  |  |  | 39,080 |
INCOME BEFORE INCOME TAXES |  |  | 36,417 |  |  |  | 44,977 |  |  |  | (57 | ) |  |  | 81,337 |
Income tax expense |  |  | (765 | ) |  |  | (3,598 | ) |  |  | — |  |  |  | (4,363 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 35,652 |  |  |  | 41,379 |  |  |  | (57 | ) |  |  | 76,974 |
Income from equity in subsidiaries |  |  | 41,322 |  |  |  | — |  |  |  | (41,322 | ) |  |  | — |
NET INCOME |  | $ | 76,974 |  |  | $ | 41,379 |  |  | $ | (41,379 | ) |  | $ | 76,974 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the six months ended June 30, 2017 (Unaudited and in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 587,415 |  |  | $ | 726,298 |  |  | $ | (431,636 | ) |  | $ | 882,077 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 447,930 |  |  |  | 606,906 |  |  |  | (431,636 | ) |  |  | 623,200 |
General and administrative |  |  | 16,807 |  |  |  | 34,436 |  |  |  | — |  |  |  | 51,243 |
Depreciation and amortization |  |  | 43,059 |  |  |  | 29,998 |  |  |  | — |  |  |  | 73,057 |
Asset impairments |  |  | — |  |  |  | 259 |  |  |  | — |  |  |  | 259 |
|  |  | 507,796 |  |  |  | 671,599 |  |  |  | (431,636 | ) |  |  | 747,759 |
OPERATING INCOME |  |  | 79,619 |  |  |  | 54,699 |  |  |  | — |  |  |  | 134,318 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 27,173 |  |  |  | 5,939 |  |  |  | — |  |  |  | 33,112 |
Other (income) expense |  |  | (152 | ) |  |  | 88 |  |  |  | 21 |  |  |  | (43 | )
|  |  | 27,021 |  |  |  | 6,027 |  |  |  | 21 |  |  |  | 33,069 |
INCOME BEFORE INCOME TAXES |  |  | 52,598 |  |  |  | 48,672 |  |  |  | (21 | ) |  |  | 101,249 |
Income tax expense |  |  | (1,170 | ) |  |  | (4,557 | ) |  |  | — |  |  |  | (5,727 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 51,428 |  |  |  | 44,115 |  |  |  | (21 | ) |  |  | 95,522 |
Income from equity in subsidiaries |  |  | 44,094 |  |  |  | — |  |  |  | (44,094 | ) |  |  | — |
NET INCOME |  | $ | 95,522 |  |  | $ | 44,115 |  |  | $ | (44,115 | ) |  | $ | 95,522 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (Unaudited) | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the six months ended June 30, 2018 (Unaudited and in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Non-Guarantor Subsidiaries |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
Net cash provided by operating activities |  | $ | 161,685 |  |  | $ | 21,697 |  |  | $ | 269 |  |  | $ | — |  |  | $ | 183,651 |
Net cash used in investing activities |  |  | (69,202 | ) |  |  | (20,221 | ) |  |  | (6,670 | ) |  |  | — |  |  |  | (96,093 | )
Net cash provided by (used in) financing activities |  |  | (76,236 | ) |  |  | 1,462 |  |  |  | 11,564 |  |  |  | — |  |  |  | (63,210 | )
Net increase in cash, cash equivalents and restricted cash |  |  | 16,247 |  |  |  | 2,938 |  |  |  | 5,163 |  |  |  | — |  |  |  | 24,348 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period |  |  | 25,745 |  |  |  | 26,438 |  |  |  | — |  |  |  | — |  |  |  | 52,183 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period |  | $ | 41,992 |  |  | $ | 29,376 |  |  | $ | 5,163 |  |  | $ | — |  |  |  | 76,531 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the six months ended June 30, 2017 (Unaudited and in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
Net cash provided by operating activities |  | $ | 168,002 |  |  | $ | 14,781 |  |  | $ | — |  |  | $ | 182,783 |
Net cash used in investing activities |  |  | (32,647 | ) |  |  | (10,544 | ) |  |  | — |  |  |  | (43,191 | )
Net cash used in financing activities |  |  | (130,655 | ) |  |  | (64 | ) |  |  | — |  |  |  | (130,719 | )
Net increase in cash, cash equivalents and restricted cash |  |  | 4,700 |  |  |  | 4,173 |  |  |  | — |  |  |  | 8,873 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period |  |  | 11,378 |  |  |  | 26,333 |  |  |  | — |  |  |  | 37,711 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period |  | $ | 16,078 |  |  | $ | 30,506 |  |  | $ | — |  |  | $ | 46,584 |

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration