Condensed Consolidating Financial Information (Tables)
|
9 Months Ended |
Sep. 30, 2017 |
|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
| Condensed Consolidating Balance Sheets |
PHI, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS (Thousands of dollars) (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2017 | | | Parent
Company
Only (issuer) | | Guarantor
Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | ASSETS | | | | | | | | | | | Current Assets: | | | | | | | | | | | Cash | | $ | 50 |
| | $ | 1,071 |
| | $ | 1,870 |
| | $ | — |
| | $ | 2,991 |
| Short-term investments | | 204,036 |
| | — |
| | — |
| | — |
| | 204,036 |
| Accounts receivable – net | | 77,061 |
| | 71,727 |
| | 14,721 |
| | (10,772 | ) | | 152,737 |
| Intercompany receivable | | — |
| | 120,376 |
| | — |
| | (120,376 | ) | | — |
| Inventories of spare parts – net | | 70,617 |
| | 8,628 |
| | — |
| | — |
| | 79,245 |
| Prepaid expenses | | 9,916 |
| | 1,948 |
| | 142 |
| | — |
| | 12,006 |
| Deferred income taxes | | 10,798 |
| | — |
| | — |
| | — |
| | 10,798 |
| Income taxes receivable | | 500 |
| | 9 |
| | — |
| | — |
| | 509 |
| Total current assets | | 372,978 |
| | 203,759 |
| | 16,733 |
| | (131,148 | ) | | 462,322 |
| | | | | | | | | | | | Investment in subsidiaries | | 390,840 |
| | — |
| | — |
| | (390,840 | ) | | — |
| Property and equipment – net | | 621,885 |
| | 287,841 |
| | 601 |
| | — |
| | 910,327 |
| Restricted cash and investments | | 12,381 |
| | — |
| | 15 |
| | — |
| | 12,396 |
| Other assets | | 8,076 |
| | 956 |
| | — |
| | — |
| | 9,032 |
| Total assets | | $ | 1,406,160 |
| | $ | 492,556 |
| | $ | 17,349 |
| | $ | (521,988 | ) | | $ | 1,394,077 |
| | | | | | | | | | | | LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | | | | | | | Current Liabilities: | | | | | | | | | | | Accounts payable | | $ | 26,587 |
| | $ | 3,557 |
| | $ | 11,235 |
| | $ | (10,772 | ) | | $ | 30,607 |
| Accrued and other current liabilities | | 22,198 |
| | 9,961 |
| | 1,544 |
| | — |
| | 33,703 |
| Intercompany payable | | 112,015 |
| | — |
| | 8,361 |
| | (120,376 | ) | | — |
| Total current liabilities | | 160,800 |
| | 13,518 |
| | 21,140 |
| | (131,148 | ) | | 64,310 |
| | | | | | | | | | | | Long-term debt | | 598,182 |
| | — |
| | — |
| | — |
| | 598,182 |
| Deferred income taxes and other long-term liabilities | | 65,117 |
| | 83,891 |
| | 516 |
| | — |
| | 149,524 |
| Shareholders’ Equity: | | | | | | | | | | | Common stock and paid-in capital | | 308,634 |
| | 77,951 |
| | 1,375 |
| | (79,326 | ) | | 308,634 |
| Accumulated other comprehensive loss | | (244 | ) | | — |
| | — |
| | — |
| | (244 | ) | Retained earnings | | 273,671 |
| | 317,196 |
| | (5,682 | ) | | (311,514 | ) | | 273,671 |
| Total shareholders’ equity | | 582,061 |
| | 395,147 |
| | (4,307 | ) | | (390,840 | ) | | 582,061 |
| Total liabilities and shareholders’ equity | | $ | 1,406,160 |
| | $ | 492,556 |
| | $ | 17,349 |
| | $ | (521,988 | ) | | $ | 1,394,077 |
|
PHI, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS (Thousands of dollars) | | | | | | | | | | | | | | | | | | | | December 31, 2016 | | | Parent
Company
Only (issuer) | | Guarantor
Subsidiaries (1) | | Eliminations | | Consolidated | ASSETS | | | | | | | | | Current Assets: | | | | | | | | | Cash | | $ | 36 |
| | $ | 2,560 |
| | $ | — |
| | $ | 2,596 |
| Short-term investments | | 289,806 |
| | — |
| | — |
| | 289,806 |
| Accounts receivable – net | | 71,458 |
| | 66,807 |
| | — |
| | 138,265 |
| Intercompany receivable | | — |
| | 57,904 |
| | (57,904 | ) | | — |
| Inventories of spare parts – net | | 61,834 |
| | 8,568 |
| | — |
| | 70,402 |
| Prepaid expenses | | 6,990 |
| | 2,269 |
| | — |
| | 9,259 |
| Deferred income taxes | | 10,798 |
| | — |
| | — |
| | 10,798 |
| Income taxes receivable | | 558 |
| | (18 | ) | | — |
| | 540 |
| Total current assets | | 441,480 |
| | 138,090 |
| | (57,904 | ) | | 521,666 |
| | | | | | | | | | Investment in subsidiaries and others | | 353,160 |
| | — |
| | (353,160 | ) | | — |
| Property and equipment – net | | 589,104 |
| | 314,873 |
| | — |
| | 903,977 |
| Restricted investments | | 13,023 |
| | 15 |
| | — |
| | 13,038 |
| Other assets | | 8,660 |
| | 1,099 |
| | — |
| | 9,759 |
| Total assets | | $ | 1,405,427 |
| | $ | 454,077 |
| | $ | (411,064 | ) | | $ | 1,448,440 |
| | | | | | | | | | LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | | | | | Current Liabilities: | | | | | | | | | Accounts payable | | $ | 22,744 |
| | $ | 5,960 |
| | $ | — |
| | $ | 28,704 |
| Accrued and other current liabilities | | 18,725 |
| | 9,621 |
| | — |
| | 28,346 |
| Intercompany payable | | 57,904 |
| | — |
| | (57,904 | ) | | — |
| Total current liabilities | | 99,373 |
| | 15,581 |
| | (57,904 | ) | | 57,050 |
| | | | | | | | | | Long-term debt | | 631,247 |
| | — |
| | — |
| | 631,247 |
| Deferred income taxes and other long-term liabilities | | 75,029 |
| | 85,336 |
| | — |
| | 160,365 |
| Shareholders’ Equity: | | | | | | | | | Common stock and paid-in capital | | 305,815 |
| | 79,191 |
| | (79,191 | ) | | 305,815 |
| Accumulated other comprehensive loss | | (478 | ) | | — |
| | — |
| | (478 | ) | Retained earnings | | 294,441 |
| | 273,969 |
| | (273,969 | ) | | 294,441 |
| Total shareholders’ equity | | 599,778 |
| | 353,160 |
| | (353,160 | ) | | 599,778 |
| Total liabilities and shareholders’ equity | | $ | 1,405,427 |
| | $ | 454,077 |
| | $ | (411,064 | ) | | $ | 1,448,440 |
|
| | (1) | Foreign subsidiaries represent minor subsidiaries and are included in the guarantors’ subsidiaries amounts. |
|
| Condensed Consolidating Statements of Operations |
PHI, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Thousands of dollars) (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | For the Quarter Ended September 30, 2017 | | | Parent
Company
Only (issuer) | | Guarantor
Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Operating revenues, net | | $ | 79,644 |
| | $ | 70,692 |
| | $ | 7,784 |
| | $ | (7,953 | ) | | $ | 150,167 |
| Expenses: | | | | | | | | | | | Direct expenses | | 83,727 |
| | 51,247 |
| | 9,765 |
| | (7,953 | ) | | 136,786 |
| Selling, general and administrative expenses | | 8,240 |
| | 3,141 |
| | 24 |
| | (4 | ) | | 11,401 |
| Total operating expenses | | 91,967 |
| | 54,388 |
| | 9,789 |
| | (7,957 | ) | | 148,187 |
| (Gain) Loss on disposal of assets, net | | (4 | ) | | — |
| | — |
| | — |
| | (4 | ) | Equity in (income) loss of unconsolidated affiliates, net | | 112 |
| | — |
| | (550 | ) | | — |
| | (438 | ) | Operating (loss) income | | (12,431 | ) | | 16,304 |
| | (1,455 | ) | | 4 |
| | 2,422 |
| Equity in net income of consolidated subsidiaries | | (14,850 | ) | | — |
| | — |
| | 14,850 |
| | — |
| Interest expense | | 8,027 |
| | — |
| | — |
| | — |
| | 8,027 |
| Other income, net | | (709 | ) | | (1 | ) | | — |
| | 4 |
| | (706 | ) | | | (7,532 | ) | | (1 | ) | | — |
| | 14,854 |
| | 7,321 |
| (Loss) earnings before income taxes | | (4,899 | ) | | 16,305 |
| | (1,455 | ) | | (14,850 | ) | | (4,899 | ) | Income tax (benefit) expense | | (1,622 | ) | | — |
| | — |
| | — |
| | (1,622 | ) | Net (loss) earnings | | $ | (3,277 | ) | | $ | 16,305 |
| | $ | (1,455 | ) | | $ | (14,850 | ) | | $ | (3,277 | ) |
PHI, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Thousands of dollars) | | | | | | | | | | | | | | | | | | | | For the Quarter Ended September 30, 2016 | | | Parent
Company
Only (issuer) | | Guarantor
Subsidiaries (1) | | Eliminations | | Consolidated | Operating revenues, net | | $ | 79,532 |
| | $ | 78,561 |
| | $ | — |
| | $ | 158,093 |
| Expenses: | | | | | | | | | Direct expenses | | 83,188 |
| | 61,750 |
| | — |
| | 144,938 |
| Selling, general and administrative expenses | | 10,639 |
| | 3,092 |
| | (350 | ) | | 13,381 |
| Total operating expenses | | 93,827 |
| | 64,842 |
| | (350 | ) | | 158,319 |
| Loss on disposal of assets, net | | 85 |
| | — |
| | — |
| | 85 |
| Equity in loss of consolidated affiliate | | 198 |
| | — |
| | — |
| | 198 |
| Operating (loss) income | | (14,578 | ) | | 13,719 |
| | 350 |
| | (509 | ) | Equity in net income of consolidated subsidiaries | | (8,372 | ) | | — |
| | 8,372 |
| | — |
| Interest expense | | 7,716 |
| | 3 |
| | — |
| | 7,719 |
| Other income, net | | (812 | ) | | — |
| | 350 |
| | (462 | ) | | | (1,468 | ) | | 3 |
| | 8,722 |
| | 7,257 |
| (Loss) earnings before income taxes | | (13,110 | ) | | 13,716 |
| | (8,372 | ) | | (7,766 | ) | Income tax (benefit) expense | | (8,143 | ) | | 5,344 |
| | — |
| | (2,799 | ) | Net (loss) earnings | | $ | (4,967 | ) | | $ | 8,372 |
| | $ | (8,372 | ) | | $ | (4,967 | ) |
| | (1) | Foreign subsidiaries represent minor subsidiaries and are included in the guarantors’ subsidiaries amounts. |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Thousands of dollars) (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | For the Nine Months Ended September 30, 2017 | | | Parent
Company
Only (issuer) | | Guarantor
Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Operating revenues, net | | $ | 228,973 |
| | $ | 197,022 |
| | $ | 15,987 |
| | $ | (10,773 | ) | | $ | 431,209 |
| Expenses: | | | | | | | | | | | Direct expenses | | 238,669 |
| | 155,434 |
| | 16,920 |
| | (10,773 | ) | | 400,250 |
| Selling, general and administrative expenses | | 29,265 |
| | 9,296 |
| | 144 |
| | (14 | ) | | 38,691 |
| Total operating expenses | | 267,934 |
| | 164,730 |
| | 17,064 |
| | (10,787 | ) | | 438,941 |
| Loss (gain) on disposal of assets, net | | 4 |
| | (1 | ) | | — |
| | — |
| | 3 |
| Equity in loss (income) of unconsolidated affiliates, net | | 1,040 |
| | — |
| | 516 |
| | — |
| | 1,556 |
| Operating (loss) income | | (40,005 | ) | | 32,293 |
| | (1,593 | ) | | 14 |
| | (9,291 | ) | Equity in net income of consolidated subsidiaries | | (32,093 | ) | | — |
| | — |
| | 32,093 |
| | — |
| Interest expense | | 24,283 |
| | 22 |
| | — |
| | — |
| | 24,305 |
| Other income, net | | (2,486 | ) | | (2 | ) | | — |
| | 14 |
| | (2,474 | ) | | | (10,296 | ) | | 20 |
| | — |
| | 32,107 |
| | 21,831 |
| (Loss) earnings before income taxes | | (29,709 | ) | | 32,273 |
| | (1,593 | ) | | (32,093 | ) | | (31,122 | ) | Income tax (benefit) expense | | (7,911 | ) | | (1,413 | ) | | — |
| | — |
| | (9,324 | ) | Net (loss) earnings | | $ | (21,798 | ) | | $ | 33,686 |
| | $ | (1,593 | ) | | $ | (32,093 | ) | | $ | (21,798 | ) |
PHI, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Thousands of dollars) | | | | | | | | | | | | | | | | | | | | For the Nine Months Ended September 30, 2016 | | | Parent
Company
Only (issuer) | | Guarantor
Subsidiaries (1) | | Eliminations | | Consolidated | Operating revenues, net | | $ | 260,766 |
| | $ | 228,479 |
| | $ | — |
| | $ | 489,245 |
| Expenses: | | | | | | | | | Direct expenses | | 264,761 |
| | 185,148 |
| | — |
| | 449,909 |
| Selling, general and administrative expenses | | 28,914 |
| | 8,766 |
| | (848 | ) | | 36,832 |
| Total operating expenses | | 293,675 |
| | 193,914 |
| | (848 | ) | | 486,741 |
| Gain on disposal of assets, net | | (3,854 | ) | | — |
| | — |
| | (3,854 | ) | Equity in loss of unconsolidated affiliate | | 274 |
| | — |
| | — |
| | 274 |
| Operating (loss) income | | (29,329 | ) | | 34,565 |
| | 848 |
| | 6,084 |
| Equity in net income of consolidated subsidiaries | | (20,462 | ) | | — |
| | 20,462 |
| | — |
| Interest expense | | 22,762 |
| | 30 |
| | — |
| | 22,792 |
| Other income, net | | (2,415 | ) | | (4 | ) | | 848 |
| | (1,571 | ) | | | (115 | ) | | 26 |
| | 21,310 |
| | 21,221 |
| (Loss) earnings before income taxes | | (29,214 | ) | | 34,539 |
| | (20,462 | ) | | (15,137 | ) | Income tax (benefit) expense | | (19,592 | ) | | 14,077 |
| | — |
| | (5,515 | ) | Net (loss) earnings | | $ | (9,622 | ) | | $ | 20,462 |
| | $ | (20,462 | ) | | $ | (9,622 | ) |
| | (1) | Foreign subsidiaries represent minor subsidiaries and are included in the guarantors’ subsidiaries amounts. |
|
| Condensed Consolidated Statements of Comprehensive Income (Loss) |
PHI, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Thousands of dollars) (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | For the Quarter Ended September 30, 2017 | | | Parent
Company
Only (issuer) | | Guarantor
Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Net (loss) earnings | | $ | (3,277 | ) | | $ | 16,305 |
| | $ | (1,455 | ) | | $ | (14,850 | ) | | $ | (3,277 | ) | Unrealized gain on short-term investments | | 41 |
| | — |
| | — |
| | — |
| | 41 |
| Changes in pension plan asset and benefit obligation | | (24 | ) | | — |
| | — |
| | — |
| | (24 | ) | Tax effect of the above-listed adjustments | | (8 | ) | | — |
| | — |
| | — |
| | (8 | ) | Total comprehensive (loss) income | | $ | (3,268 | ) | | $ | 16,305 |
| | $ | (1,455 | ) | | $ | (14,850 | ) | | $ | (3,268 | ) |
PHI, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Thousands of dollars) | | | | | | | | | | | | | | | | | | | | For the Quarter Ended September 30, 2016 | | | Parent
Company
Only (issuer) | | Guarantor
Subsidiaries (1) | | Eliminations | | Consolidated | Net (loss) earnings | | $ | (4,967 | ) | | $ | 8,372 |
| | $ | (8,372 | ) | | $ | (4,967 | ) | Unrealized gain on short-term investments | | (494 | ) | | — |
| | — |
| | (494 | ) | Changes in pension plan asset and benefit obligations | | 1 |
| | — |
| | — |
| | 1 |
| Tax effect of the above-listed adjustments | | 178 |
| | — |
| | — |
| | 178 |
| Total comprehensive (loss) income | | $ | (5,282 | ) | | $ | 8,372 |
| | $ | (8,372 | ) | | $ | (5,282 | ) |
| | (1) | Foreign subsidiaries represent minor subsidiaries and are included in the guarantors’ subsidiaries amounts. |
PHI, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Thousands of dollars) (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | For the Nine Months Ended September 30, 2017 | | | Parent
Company
Only (issuer) | | Guarantor
Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Net (loss) earnings | | $ | (21,798 | ) | | $ | 33,686 |
| | $ | (1,593 | ) | | $ | (32,093 | ) | | $ | (21,798 | ) | Unrealized gain on short-term investments | | 370 |
| | — |
| | — |
| | — |
| | 370 |
| Changes in pension plan asset and benefit obligation | | (2 | ) | | — |
| | — |
| | — |
| | (2 | ) | Tax effect of the above-listed adjustments | | (134 | ) | | — |
| | — |
| | — |
| | (134 | ) | Total comprehensive (loss) income | | $ | (21,564 | ) | | $ | 33,686 |
| | $ | (1,593 | ) | | $ | (32,093 | ) | | $ | (21,564 | ) |
PHI, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Thousands of dollars) | | | | | | | | | | | | | | | | | | | | For the Quarter Ended September 30, 2016 | | | Parent
Company
Only (issuer) | | Guarantor
Subsidiaries (1) | | Eliminations | | Consolidated | Net (loss) earnings | | $ | (9,622 | ) | | $ | 20,462 |
| | $ | (20,462 | ) | | $ | (9,622 | ) | Unrealized gain on short-term investments | | 523 |
| | — |
| | — |
| | 523 |
| Changes in pension plan asset and benefit obligations | | 3 |
| | — |
| | — |
| | 3 |
| Tax effect of the above-listed adjustments | | (229 | ) | | — |
| | — |
| | (229 | ) | Total comprehensive (loss) income | | $ | (9,325 | ) | | $ | 20,462 |
| | $ | (20,462 | ) | | $ | (9,325 | ) |
| | (1) | Foreign subsidiaries represent minor subsidiaries and are included in the guarantors’ subsidiaries amounts. |
|
| Condensed Consolidating Statements of Cash Flows |
PHI, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Thousands of dollars) (Unaudited) | | | | | | | | | | | | | | | | | | | | | | | | For the Nine Months Ended September 30, 2017 | | | Parent
Company
Only (issuer) | | Guarantor
Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Net cash (used in) provided by operating activities | | $ | (43,328 | ) | | $ | 33,670 |
| | $ | 7,790 |
| | $ | — |
| | $ | (1,868 | ) | Investing activities: | | | | | | | | | | | Purchase of property and equipment | | (49,227 | ) | | — |
| | — |
| | — |
| | (49,227 | ) | Proceeds from asset dispositions | | 21 |
| | — |
| | — |
| | — |
| | 21 |
| Purchase of short-term investments | | (268,525 | ) | | — |
| | — |
| | — |
| | (268,525 | ) | Proceeds from sale of short-term investments | | 354,250 |
| | — |
| | — |
| | — |
| | 354,250 |
| Net cash provided by (used in) investing activities | | 36,519 |
| | — |
| | — |
| | — |
| | 36,519 |
| Financing activities: | | | | | | | | | | | Proceeds from line of credit | | 99,150 |
| | — |
| | — |
| | — |
| | 99,150 |
| Payments on line of credit | | (133,150 | ) | | — |
| | — |
| | — |
| | (133,150 | ) | Repurchase of common stock | | (256 | ) | | — |
| | — |
| | — |
| | (256 | ) | Due to/from affiliate, net | | 41,079 |
| | (34,699 | ) | | (6,380 | ) | | — |
| | — |
| Net cash provided by (used in) financing activities | | 6,823 |
| | (34,699 | ) | | (6,380 | ) | | — |
| | (34,256 | ) | Increase (decrease) in cash | | 14 |
| | (1,029 | ) | | 1,410 |
| | — |
| | 395 |
| Cash, beginning of period | | 36 |
| | 2,100 |
| | 460 |
| | — |
| | 2,596 |
| Cash, end of period | | $ | 50 |
| | $ | 1,071 |
| | $ | 1,870 |
| | $ | — |
| | $ | 2,991 |
|
PHI, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Thousands of dollars) | | | | | | | | | | | | | | | | | | | | For the Nine Months Ended September 30, 2016 | | | Parent
Company
Only (issuer) | | Guarantor
Subsidiaries (1) | | Eliminations | | Consolidated | Net cash (used in) provided by operating activities | | $ | (32,467 | ) | | $ | 25,319 |
| | $ | — |
| | $ | (7,148 | ) | Investing activities: | | | | | | | | | Purchase of property and equipment | | (74,647 | ) | | (303 | ) | | — |
| | (74,950 | ) | Proceeds from asset dispositions | | 13,233 |
| | — |
| | — |
| | 13,233 |
| Purchase of short-term investments | | (263,204 | ) | | — |
| | — |
| | (263,204 | ) | Proceeds from sale of short-term investments | | 259,322 |
| | — |
| | — |
| | 259,322 |
| Payments of deposits on aircraft | | (197 | ) | | — |
| | — |
| | (197 | ) | Loan to unconsolidated affiliate | | (1,200 | ) | | — |
| | — |
| | (1,200 | ) | Net cash used in investing activities | | (66,693 | ) | | (303 | ) | | — |
| | (66,996 | ) | Financing activities: | | | | | | | | | Proceeds from line of credit | | 213,900 |
| | — |
| | — |
| | 213,900 |
| Payments on line of credit | | (139,000 | ) | | — |
| | — |
| | (139,000 | ) | Repurchase of common stock | | (524 | ) | | — |
| | — |
| | (524 | ) | Due to/from affiliate, net | | 24,774 |
| | (24,774 | ) | | — |
| | — |
| Net cash provided by (used in) financing activities | | 99,150 |
| | (24,774 | ) | | — |
| | 74,376 |
| (Decrease) increase in cash | | (10 | ) | | 242 |
| | — |
| | 232 |
| Cash, beginning of period | | 46 |
| | 2,361 |
| | — |
| | 2,407 |
| Cash, end of period | | $ | 36 |
| | $ | 2,603 |
| | $ | — |
| | $ | 2,639 |
|
| | (1) | Foreign subsidiaries represent minor subsidiaries and are included in the guarantors’ subsidiaries amounts. |
|