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

3 Months Ended

Mar. 31, 2015

CONDENSED CONSOLIDATING BALANCE SHEET

CONDENSED CONSOLIDATING BALANCE SHEET

As of March 31, 2015

(in thousands)

	Parent		Combined Subsidiary Guarantors		Consolidating Adjustments and Other			Total Consolidated Amounts
ASSETS
Cash and cash equivalents	$	20,456	$	53,566	$	—		$	74,022
Restricted cash		662		1,592		—			2,254
Accounts receivable, net of allowance		172,348		149,751		(95,824	)		226,275
Current deferred tax assets		152		11,262		—			11,414
Prepaid expenses and other current assets		3,888		33,514		(8,189	)		29,213
Total current assets		197,506		249,685		(104,013	)		343,178
Property and equipment, net		2,485,077		235,005		—			2,720,082
Restricted cash		105		—		—			105
Investment in direct financing lease		2,617		—		—			2,617
Goodwill		—		15,155		—			15,155
Non-current deferred tax assets		—		3,892		(413	)		3,479
Other assets		239,176		45,874		(209,895	)		75,155
Total assets	$	2,924,481	$	549,611	$	(314,321	)	$	3,159,771
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued expenses	$	209,626	$	210,502	$	(103,979	)	$	316,149
Income taxes payable		1		658		—			659
Total current liabilities		209,627		211,160		(103,979	)		316,808
Long-term debt		1,240,000		115,000		(115,000	)		1,240,000
Non-current deferred tax liabilities		413		—		(413	)		—
Deferred revenue		—		91,607		—			91,607
Other liabilities		825		36,915		—			37,740
Total liabilities		1,450,865		454,682		(219,392	)		1,686,155
Total stockholders’ equity		1,473,616		94,929		(94,929	)		1,473,616
Total liabilities and stockholders’ equity	$	2,924,481	$	549,611	$	(314,321	)	$	3,159,771

CONDENSED CONSOLIDATING BALANCE SHEET

As of December 31, 2014

(in thousands)

	Parent		Combined Subsidiary Guarantors		Consolidating Adjustments and Other			Total Consolidated Amounts
ASSETS
Cash and cash equivalents	$	12,337	$	62,056	$	—		$	74,393
Accounts receivable, net of allowance		167,626		178,911		(97,949	)		248,588
Current deferred tax assets		—		13,241		(12	)		13,229
Prepaid expenses and other current assets		17,060		34,705		(21,990	)		29,775
Total current assets		197,023		288,913		(119,951	)		365,985
Property and equipment, net		2,459,053		199,575		—			2,658,628
Restricted cash		1,267		1,591		—			2,858
Investment in direct financing lease		3,223		—		—			3,223
Goodwill		—		16,110		—			16,110
Non-current deferred tax assets		—		2,778		(477	)		2,301
Other assets		241,690		47,046		(210,650	)		78,086
Total assets	$	2,902,256	$	556,013	$	(331,078	)	$	3,127,191
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued expenses	$	218,403	$	205,213	$	(106,050	)	$	317,566
Income taxes payable		195		1,173		—			1,368
Current deferred tax liabilities		13		—		(13	)		—
Note payable to an affiliate		—		13,854		(13,854	)		—
Current liabilities of discontinued operations		—		54		—			54
Total current liabilities		218,611		220,294		(119,917	)		318,988
Long-term debt		1,200,000		115,000		(115,000	)		1,200,000
Non-current deferred tax liabilities		477		—		(477	)		—
Deferred revenue		—		87,227		—			87,227
Other liabilities		1,668		37,808		—			39,476
Total liabilities		1,420,756		460,329		(235,394	)		1,645,691
Total stockholders’ equity		1,481,500		95,684		(95,684	)		1,481,500
Total liabilities and stockholders’ equity	$	2,902,256	$	556,013	$	(331,078	)	$	3,127,191

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the three months ended March 31, 2015

(in thousands)

	Parent			Combined Subsidiary Guarantors			Consolidating Adjustments and Other			Total Consolidated Amounts
REVENUES	$	303,040		$	335,223		$	(212,263	)	$	426,000
EXPENSES:
Operating		221,677			291,248			(212,263	)		300,662
General and administrative		8,800			18,072			—			26,872
Depreciation and amortization		20,069			8,616			—			28,685
Asset impairments		—			955			—			955
		250,546			318,891			(212,263	)		357,174
OPERATING INCOME		52,494			16,332			—			68,826
OTHER (INCOME) EXPENSE:
Interest expense, net		8,427			1,763			—			10,190
Other (income) expense		171			(121	)		(76	)		(26	)
		8,598			1,642			(76	)		10,164
INCOME BEFORE INCOME TAXES		43,896			14,690			76			58,662
Income tax expense		(176	)		(1,209	)		—			(1,385	)
INCOME BEFORE EQUITY IN SUBSIDIARIES		43,720			13,481			76			57,277
Income from equity in subsidiaries		13,557			—			(13,557	)		—
NET INCOME	$	57,277		$	13,481		$	(13,481	)	$	57,277

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 BEFORE INCOME TAXES		49,534			3,301			270			53,105
Income tax expense		(220	)		(1,147	)		—			(1,367	)
INCOME BEFORE EQUITY IN SUBSIDIARIES		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 CASH FLOWS

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the three months ended March 31, 2015

(in thousands)

	Parent			Combined Subsidiary Guarantors			Consolidating Adjustments And Other			Total Consolidated Amounts
Net cash provided by operating activities	$	65,048		$	52,138		$	—		$	117,186
Net cash used in investing activities		(32,119	)		(32,463	)		(26,999	)		(91,581	)
Net cash provided by (used in) financing activities		(24,810	)		(28,165	)		26,999			(25,976	)
Net increase (decrease) in cash and cash equivalents		8,119			(8,490	)		—			(371	)
CASH AND CASH EQUIVALENTS, beginning of period		12,337			62,056			—			74,393
CASH AND CASH EQUIVALENTS, end of period	$	20,456		$	53,566		$	—		$	74,022

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