| Condensed Consolidating Information |
Note 14. Condensed Consolidating Information
Certain 100%-owned subsidiaries of SDI have fully and unconditionally guaranteed all of the indebtedness relating to the issuance of the company's senior unsecured notes due 2019, 2021, 2022, 2023 and 2024. Following are the company's condensed consolidating financial statements, including the guarantors, which present the financial position, results of operations, and cash flows of (i) SDI (in each case, reflecting investments in its consolidated subsidiaries under the equity method of accounting), (ii) the guarantor subsidiaries of SDI, which includes Columbus Flat Roll Division since acquired on September 16, 2014, (iii) the non-guarantor subsidiaries of SDI, and (iv) the eliminations necessary to arrive at the information on a consolidated basis. The following statements should be read in conjunction with the accompanying consolidated financial statements, and notes thereto.
Condensed Consolidating Balance Sheets (in thousands)
|
As of December 31, 2015
|
|
Parent
|
|
Guarantors
|
|
Combined
Non-Guarantors
|
|
Consolidating
Adjustments
|
|
Total
Consolidated
|
|
|
Cash and equivalents
|
|
$
|
636,877
|
|
$
|
81,976
|
|
$
|
8,179
|
|
$
|
—
|
|
$
|
727,032
|
|
|
Accounts receivable, net
|
|
|
200,094
|
|
|
1,056,285
|
|
|
29,775
|
|
|
(672,549
|
)
|
|
613,605
|
|
|
Inventories
|
|
|
539,963
|
|
|
573,924
|
|
|
35,004
|
|
|
499
|
|
|
1,149,390
|
|
|
Other current assets
|
|
|
21,654
|
|
|
25,415
|
|
|
1,676
|
|
|
(831
|
)
|
|
47,914
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
1,398,588
|
|
|
1,737,600
|
|
|
74,634
|
|
|
(672,881
|
)
|
|
2,537,941
|
|
|
Property, plant and equipment, net
|
|
|
958,212
|
|
|
1,703,932
|
|
|
291,077
|
|
|
(2,011
|
)
|
|
2,951,210
|
|
|
Intangible assets, net
|
|
|
—
|
|
|
278,960
|
|
|
—
|
|
|
—
|
|
|
278,960
|
|
|
Goodwill
|
|
|
—
|
|
|
397,470
|
|
|
—
|
|
|
—
|
|
|
397,470
|
|
|
Other assets, including investments in subs
|
|
|
2,941,710
|
|
|
10,040
|
|
|
6,137
|
|
|
(2,921,386
|
)
|
|
36,501
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$
|
5,298,510
|
|
$
|
4,128,002
|
|
$
|
371,848
|
|
$
|
(3,596,278
|
)
|
$
|
6,202,082
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$
|
100,751
|
|
$
|
183,344
|
|
$
|
68,948
|
|
$
|
(69,688
|
)
|
$
|
283,355
|
|
|
Accrued expenses
|
|
|
141,552
|
|
|
185,873
|
|
|
4,779
|
|
|
(96,949
|
)
|
|
235,255
|
|
|
Current maturities of long-term debt
|
|
|
13,122
|
|
|
700
|
|
|
24,975
|
|
|
(22,117
|
)
|
|
16,680
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
255,425
|
|
|
369,917
|
|
|
98,702
|
|
|
(188,754
|
)
|
|
535,290
|
|
|
Long-term debt
|
|
|
2,546,606
|
|
|
361
|
|
|
177,897
|
|
|
(146,888
|
)
|
|
2,577,976
|
|
|
Other liabilities
|
|
|
(183,248
|
)
|
|
1,342,541
|
|
|
63,020
|
|
|
(804,948
|
)
|
|
417,365
|
|
|
Redeemable noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
126,340
|
|
|
—
|
|
|
126,340
|
|
|
Common stock
|
|
|
638
|
|
|
1,727,859
|
|
|
18,120
|
|
|
(1,745,979
|
)
|
|
638
|
|
|
Treasury stock
|
|
|
(396,455
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(396,455
|
)
|
|
Additional paid-in-capital
|
|
|
1,110,253
|
|
|
117,737
|
|
|
646,787
|
|
|
(764,524
|
)
|
|
1,110,253
|
|
|
Retained earnings (deficit)
|
|
|
1,965,291
|
|
|
569,587
|
|
|
(624,402
|
)
|
|
54,815
|
|
|
1,965,291
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Steel Dynamics, Inc. equity
|
|
|
2,679,727
|
|
|
2,415,183
|
|
|
40,505
|
|
|
(2,455,688
|
)
|
|
2,679,727
|
|
|
Noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
(134,616
|
)
|
|
—
|
|
|
(134,616
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
2,679,727
|
|
|
2,415,183
|
|
|
(94,111
|
)
|
|
(2,455,688
|
)
|
|
2,545,111
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and equity
|
|
$
|
5,298,510
|
|
$
|
4,128,002
|
|
$
|
371,848
|
|
$
|
(3,596,278
|
)
|
$
|
6,202,082
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2014
|
|
Parent
|
|
Guarantors
|
|
Combined
Non-Guarantors
|
|
Consolidating
Adjustments
|
|
Total
Consolidated
|
|
|
Cash and equivalents
|
|
$
|
265,313
|
|
$
|
81,690
|
|
$
|
14,360
|
|
$
|
—
|
|
$
|
361,363
|
|
|
Accounts receivable, net
|
|
|
321,493
|
|
|
1,176,849
|
|
|
44,696
|
|
|
(640,213
|
)
|
|
902,825
|
|
|
Inventories
|
|
|
662,970
|
|
|
862,796
|
|
|
94,916
|
|
|
(2,263
|
)
|
|
1,618,419
|
|
|
Other current assets
|
|
|
59,243
|
|
|
8,416
|
|
|
6,465
|
|
|
(18,469
|
)
|
|
55,655
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
1,309,019
|
|
|
2,129,751
|
|
|
160,437
|
|
|
(660,945
|
)
|
|
2,938,262
|
|
|
Property, plant and equipment, net
|
|
|
1,002,407
|
|
|
1,826,208
|
|
|
297,505
|
|
|
(2,214
|
)
|
|
3,123,906
|
|
|
Intangible assets, net
|
|
|
—
|
|
|
370,669
|
|
|
—
|
|
|
—
|
|
|
370,669
|
|
|
Goodwill
|
|
|
—
|
|
|
745,158
|
|
|
—
|
|
|
—
|
|
|
745,158
|
|
|
Other assets, including investments in subs
|
|
|
3,858,706
|
|
|
24,810
|
|
|
6,255
|
|
|
(3,834,607
|
)
|
|
55,164
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$
|
6,170,132
|
|
$
|
5,096,596
|
|
$
|
464,197
|
|
$
|
(4,497,766
|
)
|
$
|
7,233,159
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$
|
151,517
|
|
$
|
371,037
|
|
$
|
98,886
|
|
$
|
(110,384
|
)
|
$
|
511,056
|
|
|
Accrued expenses
|
|
|
191,433
|
|
|
166,101
|
|
|
11,695
|
|
|
(76,163
|
)
|
|
293,066
|
|
|
Current maturities of long-term debt
|
|
|
13,073
|
|
|
777
|
|
|
73,767
|
|
|
(41,157
|
)
|
|
46,460
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
356,023
|
|
|
537,915
|
|
|
184,348
|
|
|
(227,704
|
)
|
|
850,582
|
|
|
Long-term debt
|
|
|
2,900,375
|
|
|
624
|
|
|
158,333
|
|
|
(123,943
|
)
|
|
2,935,389
|
|
|
Other liabilities
|
|
|
719
|
|
|
1,807,989
|
|
|
28,559
|
|
|
(1,311,946
|
)
|
|
525,321
|
|
|
Redeemable noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
126,340
|
|
|
—
|
|
|
126,340
|
|
|
Common stock
|
|
|
635
|
|
|
1,727,859
|
|
|
18,121
|
|
|
(1,745,980
|
)
|
|
635
|
|
|
Treasury stock
|
|
|
(398,898
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(398,898
|
)
|
|
Additional paid-in-capital
|
|
|
1,083,435
|
|
|
117,737
|
|
|
635,156
|
|
|
(752,893
|
)
|
|
1,083,435
|
|
|
Retained earnings (deficit)
|
|
|
2,227,843
|
|
|
904,472
|
|
|
(569,172
|
)
|
|
(335,300
|
)
|
|
2,227,843
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Steel Dynamics, Inc. equity
|
|
|
2,913,015
|
|
|
2,750,068
|
|
|
84,105
|
|
|
(2,834,173
|
)
|
|
2,913,015
|
|
|
Noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
(117,488
|
)
|
|
—
|
|
|
(117,488
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
2,913,015
|
|
|
2,750,068
|
|
|
(33,383
|
)
|
|
(2,834,173
|
)
|
|
2,795,527
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and equity
|
|
$
|
6,170,132
|
|
$
|
5,096,596
|
|
$
|
464,197
|
|
$
|
(4,497,766
|
)
|
$
|
7,233,159
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Condensed Consolidating Statements of Operations (in thousands)
|
For the Year Ended, December 31, 2015
|
|
Parent
|
|
Guarantors
|
|
Combined
Non-Guarantors
|
|
Consolidating
Adjustments
|
|
Total
Consolidated
|
|
|
Net sales
|
|
$
|
2,908,904
|
|
$
|
8,132,043
|
|
$
|
361,944
|
|
$
|
(3,808,480
|
)
|
$
|
7,594,411
|
|
|
Costs of goods sold
|
|
|
2,515,621
|
|
|
7,646,411
|
|
|
420,281
|
|
|
(3,719,620
|
)
|
|
6,862,693
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit (loss)
|
|
|
393,283
|
|
|
485,632
|
|
|
(58,337
|
)
|
|
(88,860
|
)
|
|
731,718
|
|
|
Selling, general and administrative
|
|
|
128,929
|
|
|
254,106
|
|
|
11,893
|
|
|
(18,926
|
)
|
|
376,002
|
|
|
Asset impairment charges
|
|
|
—
|
|
|
428,500
|
|
|
—
|
|
|
—
|
|
|
428,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
264,354
|
|
|
(196,974
|
)
|
|
(70,230
|
)
|
|
(69,934
|
)
|
|
(72,784
|
)
|
|
Interest expense, net of capitalized interest
|
|
|
75,457
|
|
|
76,009
|
|
|
6,969
|
|
|
(4,485
|
)
|
|
153,950
|
|
|
Other (income) expense, net
|
|
|
13,970
|
|
|
332
|
|
|
(3,404
|
)
|
|
4,485
|
|
|
15,383
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes and equity in net loss of subsidiaries
|
|
|
174,927
|
|
|
(273,315
|
)
|
|
(73,795
|
)
|
|
(69,934
|
)
|
|
(242,117
|
)
|
|
Income taxes (benefit)
|
|
|
(124,626
|
)
|
|
61,571
|
|
|
(4,627
|
)
|
|
(29,265
|
)
|
|
(96,947
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
299,553
|
|
|
(334,886
|
)
|
|
(69,168
|
)
|
|
(40,669
|
)
|
|
(145,170
|
)
|
|
Equity in net loss of subsidiaries
|
|
|
(429,864
|
)
|
|
—
|
|
|
—
|
|
|
429,864
|
|
|
—
|
|
|
Net loss attributable to noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
14,859
|
|
|
—
|
|
|
14,859
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) attributable to Steel Dynamics, Inc.
|
|
$
|
(130,311
|
)
|
$
|
(334,886
|
)
|
$
|
(54,309
|
)
|
$
|
389,195
|
|
$
|
(130,311
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended, December 31, 2014
|
|
Parent
|
|
Guarantors
|
|
Combined
Non-Guarantors
|
|
Consolidating
Adjustments
|
|
Total
Consolidated
|
|
|
Net sales
|
|
$
|
3,904,488
|
|
$
|
9,761,236
|
|
$
|
527,584
|
|
$
|
(5,437,356
|
)
|
$
|
8,755,952
|
|
|
Costs of goods sold
|
|
|
3,305,269
|
|
|
9,212,977
|
|
|
598,428
|
|
|
(5,326,933
|
)
|
|
7,789,741
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit (loss)
|
|
|
599,219
|
|
|
548,259
|
|
|
(70,844
|
)
|
|
(110,423
|
)
|
|
966,211
|
|
|
Selling, general and administrative
|
|
|
149,374
|
|
|
241,163
|
|
|
13,503
|
|
|
(18,149
|
)
|
|
385,891
|
|
|
Asset impairment charges
|
|
|
—
|
|
|
—
|
|
|
260,000
|
|
|
—
|
|
|
260,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
449,845
|
|
|
307,096
|
|
|
(344,347
|
)
|
|
(92,274
|
)
|
|
320,320
|
|
|
Interest expense, net of capitalized interest
|
|
|
78,442
|
|
|
56,006
|
|
|
7,745
|
|
|
(4,930
|
)
|
|
137,263
|
|
|
Other (income) expense, net
|
|
|
18,976
|
|
|
(23
|
)
|
|
(5,629
|
)
|
|
4,930
|
|
|
18,254
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes and equity in net loss of subsidiaries
|
|
|
352,427
|
|
|
251,113
|
|
|
(346,463
|
)
|
|
(92,274
|
)
|
|
164,803
|
|
|
Income taxes (benefit)
|
|
|
14,064
|
|
|
96,315
|
|
|
(1,095
|
)
|
|
(36,131
|
)
|
|
73,153
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
338,363
|
|
|
154,798
|
|
|
(345,368
|
)
|
|
(56,143
|
)
|
|
91,650
|
|
|
Equity in net loss of subsidiaries
|
|
|
(181,339
|
)
|
|
—
|
|
|
—
|
|
|
181,339
|
|
|
—
|
|
|
Net loss attributable to noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
65,374
|
|
|
—
|
|
|
65,374
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) attributable to Steel Dynamics, Inc.
|
|
$
|
157,024
|
|
$
|
154,798
|
|
$
|
(279,994
|
)
|
$
|
125,196
|
|
$
|
157,024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended, December 31, 2013
|
|
Parent
|
|
Guarantors
|
|
Combined
Non-Guarantors
|
|
Consolidating
Adjustments
|
|
Total
Consolidated
|
|
|
Net sales
|
|
$
|
3,466,691
|
|
$
|
8,219,499
|
|
$
|
347,288
|
|
$
|
(4,660,554
|
)
|
$
|
7,372,924
|
|
|
Costs of goods sold
|
|
|
2,981,591
|
|
|
7,805,367
|
|
|
440,064
|
|
|
(4,573,242
|
)
|
|
6,653,780
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit (loss)
|
|
|
485,100
|
|
|
414,132
|
|
|
(92,776
|
)
|
|
(87,312
|
)
|
|
719,144
|
|
|
Selling, general and administrative
|
|
|
118,975
|
|
|
219,531
|
|
|
10,548
|
|
|
(16,435
|
)
|
|
332,619
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
366,125
|
|
|
194,601
|
|
|
(103,324
|
)
|
|
(70,877
|
)
|
|
386,525
|
|
|
Interest expense, net of capitalized interest
|
|
|
81,361
|
|
|
43,879
|
|
|
7,259
|
|
|
(4,771
|
)
|
|
127,728
|
|
|
Other (income) expense, net
|
|
|
(7,358
|
)
|
|
3,401
|
|
|
(4,847
|
)
|
|
4,771
|
|
|
(4,033
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes and equity in net income of subsidiaries
|
|
|
292,122
|
|
|
147,321
|
|
|
(105,736
|
)
|
|
(70,877
|
)
|
|
262,830
|
|
|
Income taxes
|
|
|
63,670
|
|
|
54,448
|
|
|
6,406
|
|
|
(25,210
|
)
|
|
99,314
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
228,452
|
|
|
92,873
|
|
|
(112,142
|
)
|
|
(45,667
|
)
|
|
163,516
|
|
|
Equity in net loss of subsidiaries
|
|
|
(39,138
|
)
|
|
—
|
|
|
—
|
|
|
39,138
|
|
|
—
|
|
|
Net loss attributable to noncontrolling interests
|
|
|
—
|
|
|
—
|
|
|
25,798
|
|
|
—
|
|
|
25,798
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) attributable to Steel Dynamics, Inc.
|
|
$
|
189,314
|
|
$
|
92,873
|
|
$
|
(86,344
|
)
|
$
|
(6,529
|
)
|
$
|
189,314
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Condensed Consolidating Statements of Cash Flows (in thousands)
|
For the Year Ended, December 31, 2015
|
|
Parent
|
|
Guarantors
|
|
Combined
Non-Guarantors
|
|
Consolidating
Adjustments
|
|
Total
Consolidated
|
|
|
Net cash provided by operating activities
|
|
$
|
413,870
|
|
$
|
601,437
|
|
$
|
19,388
|
|
$
|
3,788
|
|
$
|
1,038,483
|
|
|
Net cash used in investing activities
|
|
|
(64,457
|
)
|
|
(89,751
|
)
|
|
(15,703
|
)
|
|
20,284
|
|
|
(149,627
|
)
|
|
Net cash provided by (used in) financing activities
|
|
|
22,151
|
|
|
(511,400
|
)
|
|
(9,866
|
)
|
|
(24,072
|
)
|
|
(523,187
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease) in cash and equivalents
|
|
|
371,564
|
|
|
286
|
|
|
(6,181
|
)
|
|
—
|
|
|
365,669
|
|
|
Cash and equivalents at beginning of period
|
|
|
265,313
|
|
|
81,690
|
|
|
14,360
|
|
|
—
|
|
|
361,363
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and equivalents at end of period
|
|
$
|
636,877
|
|
$
|
81,976
|
|
$
|
8,179
|
|
$
|
—
|
|
$
|
727,032
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended, December 31, 2014
|
|
Parent
|
|
Guarantors
|
|
Combined
Non-Guarantors
|
|
Consolidating
Adjustments
|
|
Total
Consolidated
|
|
|
Net cash provided by (used in) operating activities
|
|
$
|
400,204
|
|
$
|
279,080
|
|
$
|
(38,666
|
)
|
$
|
(23,046
|
)
|
$
|
617,572
|
|
|
Net cash used in investing activities
|
|
|
(1,690,363
|
)
|
|
(8,883
|
)
|
|
(23,206
|
)
|
|
(24,815
|
)
|
|
(1,747,267
|
)
|
|
Net cash provided by (used in) financing activities
|
|
|
1,234,606
|
|
|
(249,655
|
)
|
|
63,090
|
|
|
47,861
|
|
|
1,095,902
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease) in cash and equivalents
|
|
|
(55,553
|
)
|
|
20,542
|
|
|
1,218
|
|
|
—
|
|
|
(33,793
|
)
|
|
Cash and equivalents at beginning of period
|
|
|
320,866
|
|
|
61,148
|
|
|
13,142
|
|
|
—
|
|
|
395,156
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and equivalents at end of period
|
|
$
|
265,313
|
|
$
|
81,690
|
|
$
|
14,360
|
|
$
|
—
|
|
$
|
361,363
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended, December 31, 2013
|
|
Parent
|
|
Guarantors
|
|
Combined
Non-Guarantors
|
|
Consolidating
Adjustments
|
|
Total
Consolidated
|
|
|
Net cash provided by (used in) operating activities
|
|
$
|
190,616
|
|
$
|
190,885
|
|
$
|
(80,525
|
)
|
$
|
11,199
|
|
$
|
312,175
|
|
|
Net cash used in investing activities
|
|
|
(170,561
|
)
|
|
(41,415
|
)
|
|
(23,086
|
)
|
|
82,217
|
|
|
(152,845
|
)
|
|
Net cash provided by (used in) financing activities
|
|
|
(21,896
|
)
|
|
(129,997
|
)
|
|
105,218
|
|
|
(93,416
|
)
|
|
(140,091
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease) in cash and equivalents
|
|
|
(1,841
|
)
|
|
19,473
|
|
|
1,607
|
|
|
—
|
|
|
19,239
|
|
|
Cash and equivalents at beginning of period
|
|
|
322,707
|
|
|
41,675
|
|
|
11,535
|
|
|
—
|
|
|
375,917
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and equivalents at end of period
|
|
$
|
320,866
|
|
$
|
61,148
|
|
$
|
13,142
|
|
$
|
—
|
|
$
|
395,156
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|