Condensed Consolidating Financial Statements (Tables)

11 Months Ended

Dec. 15, 2016



CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
	Period from January 1, 2016 through December 15, 2016
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in thousands)
Revenues	$	—		$	387,291		$	15,121		$	(2,989	)	399,423
Direct operating expense	—			353,152			10,963			(1,290		)	362,825
Depreciation and amortization expense	—			129,364			1,932			—			131,296
General and administrative expense	1,225			155,097			8,601			(1,666		)	163,257
Impairment expense	—			44,646			—			—			44,646
Operating loss	(1,225		)	(294,968		)	(6,375		)	(33		)	(302,601		)
Reorganization items, net	(560,058		)	313,691			377			419			(245,571		)
Interest expense, net of amounts capitalized	74,320			—			—			—			74,320
Other (income) expense, net	9,337			(11,607		)	(553		)	380			(2,443		)
Income (loss) before income taxes	475,176			(597,052		)	(6,199		)	(832		)	(128,907		)
Income tax (expense) benefit	(6,484		)	15,095			(11,859		)	419			(2,829		)
Net income (loss)	$	468,692		$	(581,957	)	$	(18,058	)	$	(413	)	$	(131,736	)



CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
	Period from January 1, 2016 through December 15, 2016
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in thousands)
Net cash provided by (used in) operating activities	$	—		$	(139,713	)	$	1,264		$	—		$	(138,449	)
Cash flows from investing activities:
Capital expenditures	—			(8,134		)	(347		)	—			(8,481		)
Intercompany notes and accounts	—			122,798			—			(122,798		)	—
Other investing activities, net	—			15,025			—			—			15,025
Net cash provided by (used in) investing activities	—			129,689			(347		)	(122,798		)	6,544
Cash flows from financing activities:
Repayment of long-term debt	(313,424		)	—			—			—			(313,424		)
Proceeds from long-term debt	250,000			—			—			—			250,000
Proceeds from stock rights offering	109,082			—			—			—			109,082
Payment of deferred financing costs	(2,040		)	—			—			—			(2,040		)
Intercompany notes and accounts	(122,798		)	—			—			122,798			—
Other financing activities, net	(167		)	—			—			—			(167		)
Net cash provided by (used in) financing activities	(79,347		)	—			—			122,798			43,451
Effect of changes in exchange rates on cash	—			—			(20		)	—			(20		)
Net increase (decrease) in cash and cash equivalents	(79,347		)	(10,024		)	897			—			(88,474		)
Cash, cash equivalents and restricted cash at beginning of period	191,065			10,024			3,265			—			204,354
Cash, cash equivalents and restricted cash at end of period	$	111,718		$	—		$	4,162		$	—		$	115,880