CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF THE COMPANY AND SUBSIDIARIES (Tables)

3 Months Ended

Mar. 31, 2014

CONDENSED CONSOLIDATING BALANCE SHEET

CONDENSED CONSOLIDATING BALANCE SHEET

As of March 31, 2014

(in thousands)

	Parent		Combined Subsidiary Guarantors		Consolidating Adjustments and Other			Total Consolidated Amounts
ASSETS
Cash and cash equivalents	$	28,205	$	24,476	$	—		$	52,681
Accounts receivable, net of allowance		201,463		183,833		(145,996	)		239,300
Current deferred tax assets		3		7,806		—			7,809
Prepaid expenses and other current assets		4,127		24,114		(9,521	)		18,720
Current assets of discontinued operations		—		6		—			6
Total current assets		233,798		240,235		(155,517	)		318,516
Property and equipment, net		2,453,401		90,069		—			2,543,470
Restricted cash		1,016		4,574		—			5,590
Investment in direct financing lease		4,936		—		—			4,936
Goodwill		—		16,110		—			16,110
Non-current deferred tax assets		—		6,069		(564	)		5,505
Other assets		245,288		45,584		(215,741	)		75,131
Total assets	$	2,938,439	$	402,641	$	(371,822	)	$	2,969,258
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued expenses	$	242,846	$	139,677	$	(155,482	)	$	227,041
Income taxes payable		3		1,856		—			1,859
Current liabilities of discontinued operations		—		388		—			388
Total current liabilities		242,849		141,921		(155,482	)		229,288
Long-term debt		1,195,000		115,000		(115,000	)		1,195,000
Deferred tax liabilities		564		—		(564	)		—
Other liabilities		1,010		44,944		—			45,954
Total liabilities		1,439,423		301,865		(271,046	)		1,470,242
Total stockholders’ equity		1,499,016		100,776		(100,776	)		1,499,016
Total liabilities and stockholders’ equity	$	2,938,439	$	402,641	$	(371,822	)	$	2,969,258

CONDENSED CONSOLIDATING BALANCE SHEET

As of December 31, 2013

(in thousands)

	Parent		Combined Subsidiary Guarantors		Consolidating Adjustments and Other			Total Consolidated Amounts
ASSETS
Cash and cash equivalents	$	31,647	$	46,262	$	—		$	77,909
Accounts receivable, net of allowance		203,018		178,894		(136,955	)		244,957
Current deferred tax assets		2		9,239		—			9,241
Prepaid expenses and other current assets		7,580		22,856		(9,824	)		20,612
Current assets of discontinued operations		—		15		—			15
Total current assets		242,247		257,266		(146,779	)		352,734
Property and equipment, net		2,450,028		96,585		—			2,546,613
Restricted cash		1,016		4,573		—			5,589
Investment in direct financing lease		5,473		—		—			5,473
Goodwill		—		16,110		—			16,110
Non-current deferred tax assets		—		3,633		(555	)		3,078
Other assets		245,028		45,149		(212,349	)		77,828
Total assets	$	2,943,792	$	423,316	$	(359,683	)	$	3,007,425
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued expenses	$	234,277	$	164,745	$	(146,745	)	$	252,277
Income taxes payable		—		1,243		—			1,243
Current liabilities of discontinued operations		—		886		—			886
Total current liabilities		234,277		166,874		(146,745	)		254,406
Long-term debt		1,205,000		115,000		(115,000	)		1,205,000
Deferred tax liabilities		555		—		(555	)		—
Other liabilities		1,453		44,059		—			45,512
Total liabilities		1,441,285		325,933		(262,300	)		1,504,918
Total stockholders’ equity		1,502,507		97,383		(97,383	)		1,502,507
Total liabilities and stockholders’ equity	$	2,943,792	$	423,316	$	(359,683	)	$	3,007,425

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the three months ended March 31, 2014

(in thousands)

	Parent			Combined Subsidiary Guarantors			Consolidating Adjustments and Other			Total Consolidated Amounts
REVENUES	$	306,248		$	311,247		$	(213,273	)	$	404,222
EXPENSES:
Operating		219,705			280,948			(213,273	)		287,380
General and administrative		8,676			16,716			—			25,392
Depreciation and amortization		19,769			8,615			—			28,384
		248,150			306,279			(213,273	)		341,156
OPERATING INCOME		58,098			4,968			—			63,066
OTHER (INCOME) EXPENSE:
Interest expense, net		8,602			1,746			—			10,348
Other (income) expense		(38	)		(79	)		(270	)		(387	)
		8,564			1,667			(270	)		9,961
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		49,534			3,301			270			53,105
Income tax expense		(220	)		(1,147	)		—			(1,367	)
INCOME FROM CONTINUING OPERATIONS		49,314			2,154			270			51,738
Income from equity in subsidiaries		2,424			—			(2,424	)		—
NET INCOME	$	51,738		$	2,154		$	(2,154	)	$	51,738

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the three months ended March 31, 2013

(in thousands)

	Parent		Combined Subsidiary Guarantors			Consolidating Adjustments and Other			Total Consolidated Amounts
REVENUES	$	313,437	$	332,993		$	(229,707	)	$	416,723
EXPENSES:
Operating		234,660		293,269			(229,707	)		298,222
General and administrative		9,609		21,623			—			31,232
Depreciation and amortization		18,651		8,726			—			27,377
		262,920		323,618			(229,707	)		356,831
OPERATING INCOME		50,517		9,375			—			59,892
OTHER (INCOME) EXPENSE:
Interest expense, net		10,095		2,471			—			12,566
Expenses associated with debt refinancing transactions		177		48			—			225
Other (income) expense		321		(201	)		(19	)		101
		10,593		2,318			(19	)		12,892
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		39,924		7,057			19			47,000
Income tax benefit (expense)		138,211		(3,764	)		—			134,447
INCOME FROM CONTINUING OPERATIONS		178,135		3,293			19			181,447
Income from equity in subsidiaries		2,957		—			(2,957	)		—
Loss from discontinued operations, net of taxes		—		(355	)		—			(355	)
NET INCOME	$	181,092	$	2,938		$	(2,938	)	$	181,092

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the three months ended March 31, 2014

(in thousands)

	Parent			Combined Subsidiary Guarantors			Consolidating Adjustments And Other		Total Consolidated Amounts
Net cash provided by (used in) operating activities	$	86,628		$	(20,046	)	$	—	$	66,582
Net cash used in investing activities		(24,008	)		(2,718	)		—		(26,726	)
Net cash provided by (used in) financing activities		(66,062	)		968			—		(65,094	)
Net decrease in cash and cash equivalents		(3,442	)		(21,796	)		—		(25,238	)
CASH AND CASH EQUIVALENTS, beginning of period		31,647			46,272			—		77,919
CASH AND CASH EQUIVALENTS, end of period	$	28,205		$	24,476		$	—	$	52,681

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the three months ended March 31, 2013

(in thousands)

	Parent			Combined Subsidiary Guarantors			Consolidating Adjustments And Other		Total Consolidated Amounts
Net cash provided by (used in) operating activities	$	(123,998	)	$	220,853		$	—	$	96,855
Net cash used in investing activities		(8,149	)		(3,506	)		—		(11,655	)
Net cash provided by (used in) financing activities		159,905			(247,672	)		—		(87,767	)
Net increase (decrease) in cash and cash equivalents		27,758			(30,325	)		—		(2,567	)
CASH AND CASH EQUIVALENTS, beginning of period		—			62,897			—		62,897
CASH AND CASH EQUIVALENTS, end of period	$	27,758		$	32,572		$	—	$	60,330