Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2017

LONG-TERM DEBT

	2017			2016
Senior Credit Facility	$	—		$	—
Unsecured senior notes:
6.625% senior notes due 2020 (US$ nil)		—			499,150
6.5% senior notes due 2021 (US$248.6 million)		312,601			427,818
7.75% senior notes due 2023 (US$350.0 million)		440,062			469,945
5.25% senior notes due 2024 (US$400.0 million)		502,928			537,080
7.125% senior notes due 2026 (US$400.0 million)		502,928			—
		1,758,519			1,933,993
Less net unamortized debt issue costs		(28,082	)		(27,059	)
	$	1,730,437		$	1,906,934

	Senior Credit Facility		Unsecured senior notes			Debt issue costs			Total
Balance December 31, 2016	$	—	$	1,933,993		$	(27,059	)	$	1,906,934
Changes from financing cash flows:
Proceeds from issue of senior notes		—		509,180			—			509,180
Redemption of senior notes		—		(571,975	)		—			(571,975	)
Payment of debt issue costs		—		—			(9,196	)		(9,196	)
		—		(62,795	)		(9,196	)		(71,991	)
Loss on redemption of unsecured senior notes		—		9,021			—			9,021
Amortization of debt issue costs		—		—			8,173			8,173
Foreign exchange adjustment		—		(121,700	)		—			(121,700	)
Balance December 31, 2017	$	—	$	1,758,519		$	(28,082	)	$	1,730,437

Long-term debt obligations at December 31, 2017 will mature as follows:

Condensed Consolidating Statement of Financial Position as at December 31, 2017

	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets
Cash	$	20,843	$	5,422	$	38,816	$	—		$	65,081
Other current assets		38,558		261,883		76,221		3			376,665
Intercompany receivables		93,662		2,669,280		84,861		(2,847,803	)		—
Investments in subsidiaries		4,822,876		61		—		(4,822,937	)		—
Property, plant and equipment		64,605		2,659,831		449,917		(529	)		3,173,824
Intangibles		25,644		2,472		—		—			28,116
Goodwill		—		205,167		—		—			205,167
Other long-term assets		—		53,908		3,051		(12,881	)		44,078
Total assets	$	5,066,188	$	5,858,024	$	652,866	$	(7,684,147	)	$	3,892,931
Liabilities and shareholders’ equity
Current liabilities	$	36,331	$	124,482	$	48,812	$	—		$	209,625
Intercompany payables and debt		1,795,141		1,000,167		52,495		(2,847,803	)		—
Long-term debt		1,730,437		—		—		—			1,730,437
Other long-term liabilities		135,053		17,978		2,383		(12,881	)		142,533
Total liabilities		3,696,962		1,142,627		103,690		(2,860,684	)		2,082,595
Shareholders’ equity		1,369,226		4,715,397		549,176		(4,823,463	)		1,810,336
Total liabilities and shareholders’ equity	$	5,066,188	$	5,858,024	$	652,866	$	(7,684,147	)	$	3,892,931

Condensed Consolidating Statement of Financial Position as at December 31, 2016

	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Assets
Cash	$	61,794	$	13,138	$	40,773		$	—		$	115,705
Other current assets		43,630		210,125		102,147			3			355,905
Intercompany receivables		1,475,431		3,024,724		68,767			(4,568,922	)		—
Investments in subsidiaries		4,913,785		60		—			(4,913,845	)		—
Property, plant and equipment		78,849		3,023,968		539,214			(142	)		3,641,889
Intangibles		3,316		—		—			—			3,316
Goodwill		—		207,399		—			—			207,399
Total assets	$	6,576,805	$	6,479,414	$	750,901		$	(9,482,906	)	$	4,324,214
Liabilities and shareholders’ equity
Current liabilities	$	42,657	$	126,870	$	71,209		$	—		$	240,736
Intercompany payables and debt		3,071,032		1,412,257		85,633			(4,568,922	)		—
Long-term debt		1,906,934		—		—			—			1,906,934
Other long- term liabilities		181,940		32,781		(295	)		—			214,426
Total liabilities		5,202,563		1,571,908		156,547			(4,568,922	)		2,362,096
Shareholders’ equity		1,374,242		4,907,506		594,354			(4,913,984	)		1,962,118
Total liabilities and shareholders’ equity	$	6,576,805	$	6,479,414	$	750,901		$	(9,482,906	)	$	4,324,214

Condensed Consolidating Statement of Loss for the Year ended December 31, 2017

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenue	$	89		$	1,138,049		$	190,401		$	(7,315	)	$	1,321,224
Operating expense		138			809,233			124,115			(7,315	)		926,171
General and administrative expense		35,605			44,932			9,535			—			90,072
Earnings (loss) before income taxes, loss on redemption and repurchase of unsecured senior notes, finance charges, foreign exchange, impairment of property, plant and equipment and depreciation and amortization		(35,654	)		283,884			56,751			—			304,981
Depreciation and amortization		13,118			302,958			61,450			220			377,746
Impairment of property, plant and equipment		—			15,313			—			—			15,313
Operating loss		(48,772	)		(34,387	)		(4,699	)		(220	)		(88,078	)
Foreign exchange		(2,375	)		(889	)		294			—			(2,970	)
Finance charges		138,027			(68	)		(31	)		—			137,928
Loss on redemption and repurchase of unsecured senior notes		9,021			—			—			—			9,021
Equity in loss of subsidiaries		(12,383	)		—			—			12,383			—
Loss before tax		(181,062	)		(33,430	)		(4,962	)		(12,603	)		(232,057	)
Income taxes		(47,567	)		(59,120	)		6,666			—			(100,021	)
Net loss	$	(133,495	)	$	25,690		$	(11,628	)	$	(12,603	)	$	(132,036	)

Condensed Consolidating Statement of Loss for the Year ended December 31, 2016

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenue	$	103		$	846,867		$	169,287		$	(13,024	)	$	1,003,233
Operating expense		160			551,538			123,041			(13,024	)		661,715
General and administrative expense		37,193			59,323			11,173			—			107,689
Restructuring		285			5,469			—			—			5,754
Earnings (loss) before income taxes, loss on redemption and repurchase of unsecured senior notes, finance charges, foreign exchange, gain re-measurement of property, plant and equipment and depreciation and amortization		(37,535	)		230,537			35,073			-			228,075
Depreciation and amortization		13,828			324,649			52,957			225			391,659
Gain on re-measurement of property, plant and equipment		—			(7,605	)		—			—			(7,605	)
Operating loss		(51,363	)		(86,507	)		(17,884	)		(225	)		(155,979	)
Foreign exchange		6,731			(2,121	)		1,398			—			6,008
Finance charges		146,053			118			189			—			146,360
Loss on redemption and repurchase of unsecured senior notes		239			—			—			—			239
Equity in loss of subsidiaries		23,042			—			—			(23,042	)		—
Loss before tax		(227,428	)		(84,504	)		(19,471	)		22,817			(308,586	)
Income taxes		(72,098	)		(83,404	)		2,471			—			(153,031	)
Net loss	$	(155,330	)	$	(1,100	)	$	(21,942	)	$	22,817		$	(155,555	)

Condensed Consolidating Statement of Comprehensive Loss for the Year ended December 31, 2017

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net loss	$	(133,495	)	$	25,690		$	(11,628	)	$	(12,603	)	$	(132,036	)
Other comprehensive income (loss)		121,699			(110,717	)		(35,661	)		(167	)		(24,846	)
Comprehensive loss	$	(11,796	)	$	(85,027	)	$	(47,289	)	$	(12,770	)	$	(156,882	)

Condensed Consolidating Statement of Comprehensive Loss for the Year ended December 31, 2016

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net loss	$	(155,330	)	$	(1,100	)	$	(21,942	)	$	22,817		$	(155,555	)
Other comprehensive income (loss)		66,963			(62,459	)		(11,270	)		(2,879	)		(9,645	)
Comprehensive income (loss)	$	(88,367	)	$	(63,559	)	$	(33,212	)	$	19,938		$	(165,200	)

Condensed Consolidating Statement of Cash Flow for the Year ended December 31, 2017

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Cash provided by (used in):
Operations	$	(160,698	)	$	243,364		$	33,889		$	—		$	116,555
Investments		191,638			(58,942	)		(11,152	)		(212,694	)		(91,150	)
Financing		(73,784	)		(190,360	)		(22,334	)		212,694			(73,784	)
Effects of exchange rate changes on cash and cash equivalents		1,893			(1,778	)		(2,360	)		—			(2,245	)
Decrease in cash and cash equivalents		(40,951	)		(7,716	)		(1,957	)		—			(50,624	)
Cash and cash equivalents, beginning of year		61,794			13,138			40,773			—			115,705
Cash and cash equivalents, end of year	$	20,843		$	5,422		$	38,816		$	—		$	65,081

Condensed Consolidating Statement of Cash Flow for the Year ended December 31, 2016

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Cash provided by (used in):
Operations	$	(185,430	)	$	298,342		$	9,596		$	—		$	122,508
Investments		145,451			(65,939	)		(149,151	)		(144,286	)		(213,925	)
Financing		(218,324	)		(257,263	)		112,977			144,286			(218,324	)
Effects of exchange rate changes on cash and cash equivalents		(10,661	)		(5,041	)		(3,611	)		—			(19,313	)
Increase (decrease) in cash and cash equivalents		(268,964	)		(29,901	)		(30,189	)		—			(329,054	)
Cash and cash equivalents, beginning of year		330,758			43,039			70,962			—			444,759
Cash and cash equivalents, end of year	$	61,794		$	13,138		$	40,773		$	-		$	115,705