Long-Term Debt Guarantor Disclosure

12 Months Ended

Dec. 31, 2018

NOTE 27. LONG-TERM DEBT GUARANTOR DISCLOSURE

Condensed Consolidating Statement of Financial Position as at December 31, 2018

	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets
Cash	$	28,626	$	37,138	$	30,862	$	—		$	96,626
Other current assets		4,798		308,450		93,166		3			406,417
Intercompany receivables		51,616		1,887,405		80,735		(2,019,756	)		—
Investments in subsidiaries		4,522,964		68		—		(4,523,032	)		—
Assets held for sale		—		19,658		—		—			19,658
Property, plant and equipment		55,430		2,541,060		441,509		613			3,038,612
Intangibles		33,548		1,853		—		—			35,401
Goodwill		—		—		—		—			—
Other long-term assets		—		46,620		5,479		(12,770	)		39,329
Total assets	$	4,696,982	$	4,842,252	$	651,751	$	(6,554,942	)	$	3,636,043
Liabilities and shareholders’ equity
Current liabilities	$	42,211	$	190,239	$	49,712	$	—		$	282,162
Intercompany payables and debt		1,918,306		60,101		41,349		(2,019,756	)		—
Long-term debt		1,706,253		—		—		—			1,706,253
Other long-term liabilities		88,983		13,160		503		(12,770	)		89,876
Total liabilities		3,755,753		263,500		91,564		(2,032,526	)		2,078,291
Shareholders’ equity		941,229		4,578,752		560,187		(4,522,416	)		1,557,752
Total liabilities and shareholders’ equity	$	4,696,982	$	4,842,252	$	651,751	$	(6,554,942	)	$	3,636,043

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 Loss for the Year ended December 31, 2018

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenue	$	104		$	1,356,913		$	191,131		$	(6,959	)	$	1,541,189
Operating expense		83			950,058			124,689			(6,959	)		1,067,871
General and administrative expense		52,638			49,305			10,444			—			112,387
Other recoveries		(14,200	)		—			—			—			(14,200	)
Earnings (loss) before income taxes, equity in loss of subsidiaries, gain on redemption and repurchase of unsecured senior notes, finance charges, foreign exchange, impairment of goodwill and depreciation and amortization		(38,417	)		357,550			55,998			—			375,131
Depreciation and amortization		6,882			298,019			60,542			217			365,660
Impairment of goodwill		—			207,544			—			—			207,544
Foreign exchange		4,819			(443	)		(359	)		—			4,017
Finance charges		126,758			(233	)		653			—			127,178
Gain on redemption and repurchase of unsecured senior notes		(5,672	)		—			—			—			(5,672	)
Equity in loss of subsidiaries		168,975			—			—			(168,975	)		—
Loss before income taxes		(340,179	)		(147,337	)		(4,838	)		168,758			(323,596	)
Income taxes		(46,125	)		13,863			2,936			—			(29,326	)
Net loss	$	(294,054	)	$	(161,200	)	$	(7,774	)	$	168,758		$	(294,270	)

Condensed Consolidating Statement of Earnings (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, equity in loss of subsidiaries, 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
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 income taxes		(181,062	)		(33,430	)		(4,962	)		(12,603	)		(232,057	)
Income taxes		(47,567	)		(59,120	)		6,666			—			(100,021	)
Net income (loss)	$	(133,495	)	$	25,690		$	(11,628	)	$	(12,603	)	$	(132,036	)

Condensed Consolidating Statement of Comprehensive Income (Loss) for the Year ended December 31, 2018

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Total
Net loss		(294,054	)		(161,200	)		(7,774	)		168,758	$	(294,270	)
Other comprehensive income (loss)		(145,226	)		129,804			45,190			636		30,404
Comprehensive Income (loss)	$	(439,280	)	$	(31,396	)	$	37,416		$	169,394	$	(263,866	)

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

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net income (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 Cash Flow for the Year ended December 31, 2018

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Cash provided by (used in):
Operations	$	(102,901	)	$	351,782		$	44,453		$	—		$	293,334
Investments		277,501			(75,740	)		(16,253	)		(286,302	)		(100,794	)
Financing		(169,085	)		(247,017	)		(39,285	)		286,302			(169,085	)
Effects of exchange rate changes on cash and cash equivalents		2,268			2,691			3,131			—			8,090
Increase (decrease) in cash and cash equivalents		7,783			31,716			(7,954	)		—			31,545
Cash and cash equivalents, beginning of year		20,843			5,422			38,816			—			65,081
Cash and cash equivalents, end of year	$	28,626		$	37,138		$	30,862		$	—		$	96,626

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