FINANCIAL STATEMENTS FOR GUARANTORS OF THE 4.500% SENIOR UNSECURED NOTES |
(T) FINANCIAL STATEMENTS FOR GUARANTORS OF THE 4.500% SENIOR UNSECURED NOTES
On August 2, 2016, the Company completed a public offering of its Senior Unsecured Notes. The Senior Unsecured Notes are senior unsecured obligations of the Company and were offered under the Company’s existing shelf registration statement filed with the Securities and Exchange Commission.
The Senior Unsecured Notes are guaranteed by all of the Company’s wholly owned subsidiaries, and all guarantees are full and unconditional, and joint and several. The following unaudited condensed consolidating financial statements present separately the Earnings and Comprehensive Earnings, financial position and Cash Flows of the parent issuer (Eagle Materials Inc.) and the guarantors (all wholly owned subsidiaries of Eagle Materials Inc.) on a combined basis with eliminating entries (dollars in thousands).
Condensed Consolidating Statement of Earnings and
Comprehensive Earnings For the Three Months Ended December 31, 2019 |
|
Parent |
|
|
Guarantor
Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
Revenue |
|
$ |
— |
|
|
$ |
350,249 |
|
|
$ |
— |
|
|
$ |
350,249 |
|
Cost of Goods Sold |
|
|
— |
|
|
|
262,735 |
|
|
|
— |
|
|
|
262,735 |
|
Gross Profit |
|
|
— |
|
|
|
87,514 |
|
|
|
— |
|
|
|
87,514 |
|
Equity in Earnings of Unconsolidated Joint Venture |
|
|
10,700 |
|
|
|
10,700 |
|
|
|
(10,700 |
) |
|
|
10,700 |
|
Equity in Earnings of Subsidiaries |
|
|
(88,687 |
) |
|
|
— |
|
|
|
88,687 |
|
|
|
— |
|
Corporate General and Administrative Expenses |
|
|
(13,359 |
) |
|
|
(435 |
) |
|
|
— |
|
|
|
(13,794 |
) |
Impairment Losses |
|
|
— |
|
|
|
(224,267 |
) |
|
|
— |
|
|
|
(224,267 |
) |
Other Non-Operating Income |
|
|
118 |
|
|
|
707 |
|
|
|
— |
|
|
|
825 |
|
Interest Expense, net |
|
|
(9,532 |
) |
|
|
(11 |
) |
|
|
— |
|
|
|
(9,543 |
) |
Earnings before Income Taxes |
|
|
(100,760 |
) |
|
|
(125,792 |
) |
|
|
77,987 |
|
|
|
(148,565 |
) |
Income Taxes |
|
|
(13,872 |
) |
|
|
47,805 |
|
|
|
— |
|
|
|
33,933 |
|
Net Earnings |
|
$ |
(114,632 |
) |
|
$ |
(77,987 |
) |
|
$ |
77,987 |
|
|
$ |
(114,632 |
) |
Net Earnings |
|
$ |
(114,632 |
) |
|
$ |
(77,987 |
) |
|
$ |
77,987 |
|
|
$ |
(114,632 |
) |
Net Actuarial Change in Benefit Plans, net of tax |
|
|
33 |
|
|
|
33 |
|
|
|
(33 |
) |
|
|
33 |
|
Comprehensive Earnings |
|
$ |
(114,599 |
) |
|
$ |
(77,954 |
) |
|
$ |
77,954 |
|
|
$ |
(114,599 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Condensed Consolidating Statement of Earnings and
Comprehensive Earnings For the Three Months Ended December 31, 2018 |
|
Parent |
|
|
Guarantor
Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
Revenue |
|
$ |
— |
|
|
$ |
333,285 |
|
|
$ |
— |
|
|
$ |
333,285 |
|
Cost of Goods Sold |
|
|
— |
|
|
|
252,864 |
|
|
|
— |
|
|
|
252,864 |
|
Gross Profit |
|
|
— |
|
|
|
80,421 |
|
|
|
— |
|
|
|
80,421 |
|
Equity in Earnings of Unconsolidated Joint Venture |
|
|
9,507 |
|
|
|
9,507 |
|
|
|
(9,507 |
) |
|
|
9,507 |
|
Equity in Earnings of Subsidiaries |
|
|
61,946 |
|
|
|
— |
|
|
|
(61,946 |
) |
|
|
— |
|
Corporate General and Administrative Expenses |
|
|
(8,863 |
) |
|
|
(545 |
) |
|
|
— |
|
|
|
(9,408 |
) |
Other Non-Operating Income |
|
|
(43 |
) |
|
|
1,335 |
|
|
|
— |
|
|
|
1,292 |
|
Interest Expense, net |
|
|
(7,282 |
) |
|
|
(12 |
) |
|
|
— |
|
|
|
(7,294 |
) |
Earnings before Income Taxes |
|
|
55,265 |
|
|
|
90,706 |
|
|
|
(71,453 |
) |
|
|
74,518 |
|
Income Taxes |
|
|
2,450 |
|
|
|
(19,253 |
) |
|
|
— |
|
|
|
(16,803 |
) |
Net Earnings |
|
$ |
57,715 |
|
|
$ |
71,453 |
|
|
$ |
(71,453 |
) |
|
$ |
57,715 |
|
Net Earnings |
|
$ |
57,715 |
|
|
$ |
71,453 |
|
|
$ |
(71,453 |
) |
|
|
57,715 |
|
Net Actuarial Change in Benefit Plans, net of tax |
|
|
56 |
|
|
|
56 |
|
|
|
(56 |
) |
|
|
56 |
|
Comprehensive Earnings |
|
$ |
57,771 |
|
|
$ |
71,509 |
|
|
$ |
(71,509 |
) |
|
$ |
57,771 |
|
Condensed Consolidating Statement of Earnings and
Comprehensive Earnings For the Nine Months Ended December 31, 2019 |
|
Parent |
|
|
Guarantor
Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
Revenue |
|
$ |
— |
|
|
$ |
1,135,372 |
|
|
$ |
— |
|
|
$ |
1,135,372 |
|
Cost of Goods Sold |
|
|
— |
|
|
|
868,023 |
|
|
|
— |
|
|
|
868,023 |
|
Gross Profit |
|
|
— |
|
|
|
267,349 |
|
|
|
— |
|
|
|
267,349 |
|
Equity in Earnings of Unconsolidated Joint Venture |
|
|
32,489 |
|
|
|
32,489 |
|
|
|
(32,489 |
) |
|
|
32,489 |
|
Equity in Earnings of Subsidiaries |
|
|
47,036 |
|
|
|
— |
|
|
|
(47,036 |
) |
|
|
— |
|
Corporate General and Administrative Expenses |
|
|
(47,285 |
) |
|
|
(1,221 |
) |
|
|
— |
|
|
|
(48,506 |
) |
Impairment Losses |
|
|
— |
|
|
|
(224,267 |
) |
|
|
— |
|
|
|
(224,267 |
) |
Other Non-Operating Income |
|
|
525 |
|
|
|
1,442 |
|
|
|
— |
|
|
|
1,967 |
|
Interest Expense, net |
|
|
(28,490 |
) |
|
|
(36 |
) |
|
|
— |
|
|
|
(28,526 |
) |
Earnings before Income Taxes |
|
|
4,275 |
|
|
|
75,756 |
|
|
|
(79,525 |
) |
|
|
506 |
|
Income Taxes |
|
|
(5,810 |
) |
|
|
3,769 |
|
|
|
— |
|
|
|
(2,041 |
) |
Net Earnings |
|
$ |
(1,535 |
) |
|
$ |
79,525 |
|
|
$ |
(79,525 |
) |
|
$ |
(1,535 |
) |
Net Earnings |
|
$ |
(1,535 |
) |
|
$ |
79,525 |
|
|
$ |
(79,525 |
) |
|
$ |
(1,535 |
) |
Net Actuarial Change in Benefit Plans, net of tax |
|
|
101 |
|
|
|
101 |
|
|
|
(101 |
) |
|
|
101 |
|
Comprehensive Earnings |
|
$ |
(1,434 |
) |
|
$ |
79,626 |
|
|
$ |
(79,626 |
) |
|
$ |
(1,434 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Condensed Consolidating Statement of Earnings and
Comprehensive Earnings For the Nine Months Ended December 31, 2018 |
|
Parent |
|
|
Guarantor
Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
Revenue |
|
$ |
— |
|
|
$ |
1,108,540 |
|
|
$ |
— |
|
|
$ |
1,108,540 |
|
Cost of Goods Sold |
|
|
— |
|
|
|
838,554 |
|
|
|
— |
|
|
|
838,554 |
|
Gross Profit |
|
|
— |
|
|
|
269,986 |
|
|
|
— |
|
|
|
269,986 |
|
Equity in Earnings of Unconsolidated Joint Venture |
|
|
28,931 |
|
|
|
28,931 |
|
|
|
(28,931 |
) |
|
|
28,931 |
|
Equity in Earnings of Subsidiaries |
|
|
204,234 |
|
|
|
— |
|
|
|
(204,234 |
) |
|
|
— |
|
Corporate General and Administrative Expenses |
|
|
(24,682 |
) |
|
|
(2,651 |
) |
|
|
— |
|
|
|
(27,333 |
) |
Legal Settlements |
|
|
— |
|
|
|
(1,800 |
) |
|
|
— |
|
|
|
(1,800 |
) |
Other Non-Operating Income |
|
|
(262 |
) |
|
|
2,553 |
|
|
|
— |
|
|
|
2,291 |
|
Interest Expense, net |
|
|
(20,706 |
) |
|
|
(37 |
) |
|
|
— |
|
|
|
(20,743 |
) |
Earnings before Income Taxes |
|
|
187,515 |
|
|
|
296,982 |
|
|
|
(233,165 |
) |
|
|
251,332 |
|
Income Taxes |
|
|
9,142 |
|
|
|
(63,817 |
) |
|
|
— |
|
|
|
(54,675 |
) |
Net Earnings |
|
$ |
196,657 |
|
|
$ |
233,165 |
|
|
$ |
(233,165 |
) |
|
$ |
196,657 |
|
Net Earnings |
|
$ |
196,657 |
|
|
$ |
233,165 |
|
|
$ |
(233,165 |
) |
|
|
196,657 |
|
Net Actuarial Change in Benefit Plans, net of tax |
|
|
168 |
|
|
|
168 |
|
|
|
(168 |
) |
|
|
168 |
|
Comprehensive Earnings |
|
$ |
196,825 |
|
|
$ |
233,333 |
|
|
$ |
(233,333 |
) |
|
$ |
196,825 |
|
Condensed Consolidating Balance Sheet At December 31, 2019 |
|
Parent |
|
|
Guarantor
Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Assets - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents |
|
$ |
124,084 |
|
|
$ |
2,171 |
|
|
$ |
— |
|
|
$ |
126,255 |
|
Accounts and Notes Receivable |
|
|
439 |
|
|
|
139,844 |
|
|
|
— |
|
|
|
140,283 |
|
Inventories |
|
|
— |
|
|
|
234,264 |
|
|
|
— |
|
|
|
234,264 |
|
Prepaid and Other Current Assets |
|
|
1,371 |
|
|
|
5,626 |
|
|
|
— |
|
|
|
6,997 |
|
Total Current Assets |
|
|
125,894 |
|
|
|
381,905 |
|
|
|
— |
|
|
|
507,799 |
|
Property, Plant, and Equipment, net |
|
|
6,884 |
|
|
|
1,262,849 |
|
|
|
— |
|
|
|
1,269,733 |
|
Notes Receivable |
|
|
— |
|
|
|
9,192 |
|
|
|
— |
|
|
|
9,192 |
|
Investment in Joint Venture |
|
|
70 |
|
|
|
71,792 |
|
|
|
— |
|
|
|
71,862 |
|
Investments in Subsidiaries and Receivables from Affiliates |
|
|
2,074,575 |
|
|
|
322,106 |
|
|
|
(2,396,681 |
) |
|
|
— |
|
Operating Lease Right-of-Use Assets |
|
|
9,975 |
|
|
|
19,371 |
|
|
|
— |
|
|
|
29,346 |
|
Goodwill and Intangible Assets, net |
|
|
— |
|
|
|
230,099 |
|
|
|
— |
|
|
|
230,099 |
|
Other Assets |
|
|
5,844 |
|
|
|
6,350 |
|
|
|
— |
|
|
|
12,194 |
|
|
|
$ |
2,223,242 |
|
|
$ |
2,303,664 |
|
|
$ |
(2,396,681 |
) |
|
$ |
2,130,225 |
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Liabilities- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts Payable |
|
$ |
6,572 |
|
|
$ |
58,463 |
|
|
$ |
— |
|
|
$ |
65,035 |
|
Accrued Liabilities |
|
|
27,114 |
|
|
|
40,556 |
|
|
|
— |
|
|
|
67,670 |
|
Income Taxes Payable |
|
|
20,020 |
|
|
|
— |
|
|
|
— |
|
|
|
20,020 |
|
Operating Lease Liabilities |
|
|
1,162 |
|
|
|
9,439 |
|
|
|
— |
|
|
|
10,601 |
|
Total Current Liabilities |
|
|
54,868 |
|
|
|
108,458 |
|
|
|
— |
|
|
|
163,326 |
|
Long-term Debt |
|
|
930,594 |
|
|
|
— |
|
|
|
— |
|
|
|
930,594 |
|
Noncurrent Lease Liabilities |
|
|
12,538 |
|
|
|
39,401 |
|
|
|
— |
|
|
|
51,939 |
|
Other Long-term Liabilities |
|
|
— |
|
|
|
36,648 |
|
|
|
— |
|
|
|
36,648 |
|
Payables to Affiliates |
|
|
322,106 |
|
|
|
6,010,080 |
|
|
|
(6,332,186 |
) |
|
|
— |
|
Deferred Income Taxes |
|
|
5,809 |
|
|
|
44,582 |
|
|
|
— |
|
|
|
50,391 |
|
Total Liabilities |
|
|
1,325,915 |
|
|
|
6,239,169 |
|
|
|
(6,332,186 |
) |
|
|
1,232,898 |
|
Total Stockholders’ Equity |
|
|
897,327 |
|
|
|
(3,935,505 |
) |
|
|
3,935,505 |
|
|
|
897,327 |
|
|
|
$ |
2,223,242 |
|
|
$ |
2,303,664 |
|
|
$ |
(2,396,681 |
) |
|
$ |
2,130,225 |
|
Condensed Consolidating Balance Sheet At March 31, 2019 |
|
Parent |
|
|
Guarantor
Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Assets - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents |
|
$ |
5,779 |
|
|
$ |
2,822 |
|
|
$ |
— |
|
|
$ |
8,601 |
|
Accounts and Notes Receivable |
|
|
437 |
|
|
|
128,285 |
|
|
|
— |
|
|
|
128,722 |
|
Inventories |
|
|
— |
|
|
|
275,194 |
|
|
|
— |
|
|
|
275,194 |
|
Income Tax Receivables |
|
|
5,480 |
|
|
|
— |
|
|
|
— |
|
|
|
5,480 |
|
Prepaid and Other Current Assets |
|
|
1,472 |
|
|
|
8,152 |
|
|
|
— |
|
|
|
9,624 |
|
Total Current Assets |
|
|
13,168 |
|
|
|
414,453 |
|
|
|
— |
|
|
|
427,621 |
|
Property, Plant, and Equipment, net |
|
|
7,756 |
|
|
|
1,419,183 |
|
|
|
— |
|
|
|
1,426,939 |
|
Notes Receivable |
|
|
— |
|
|
|
2,898 |
|
|
|
— |
|
|
|
2,898 |
|
Investment in Joint Venture |
|
|
70 |
|
|
|
64,803 |
|
|
|
— |
|
|
|
64,873 |
|
Investments in Subsidiaries and Receivables from Affiliates |
|
|
2,322,334 |
|
|
|
406,726 |
|
|
|
(2,729,060 |
) |
|
|
— |
|
Goodwill and Intangible Assets, net |
|
|
— |
|
|
|
229,115 |
|
|
|
— |
|
|
|
229,115 |
|
Other Assets |
|
|
4,571 |
|
|
|
13,146 |
|
|
|
— |
|
|
|
17,717 |
|
|
|
$ |
2,347,899 |
|
|
$ |
2,550,324 |
|
|
$ |
(2,729,060 |
) |
|
$ |
2,169,163 |
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Liabilities- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts Payable |
|
$ |
5,520 |
|
|
$ |
75,364 |
|
|
$ |
— |
|
|
$ |
80,884 |
|
Accrued Liabilities |
|
|
22,470 |
|
|
|
39,479 |
|
|
|
— |
|
|
|
61,949 |
|
Current Portion of Long-term Debt |
|
|
36,500 |
|
|
|
— |
|
|
|
— |
|
|
|
36,500 |
|
Total Current Liabilities |
|
|
64,490 |
|
|
|
114,843 |
|
|
|
— |
|
|
|
179,333 |
|
Long-term Debt |
|
|
655,092 |
|
|
|
— |
|
|
|
— |
|
|
|
655,092 |
|
Other Long-term Liabilities |
|
|
3,303 |
|
|
|
31,189 |
|
|
|
— |
|
|
|
34,492 |
|
Payables to Affiliates |
|
|
406,726 |
|
|
|
5,730,093 |
|
|
|
(6,136,819 |
) |
|
|
— |
|
Deferred Income Taxes |
|
|
8,801 |
|
|
|
81,958 |
|
|
|
— |
|
|
|
90,759 |
|
Total Liabilities |
|
|
1,138,412 |
|
|
|
5,958,083 |
|
|
|
(6,136,819 |
) |
|
|
959,676 |
|
Total Stockholders’ Equity |
|
|
1,209,487 |
|
|
|
(3,407,759 |
) |
|
|
3,407,759 |
|
|
|
1,209,487 |
|
|
|
$ |
2,347,899 |
|
|
$ |
2,550,324 |
|
|
$ |
(2,729,060 |
) |
|
$ |
2,169,163 |
|
Condensed Consolidating Statement of Cash Flows
For the Nine Months Ended December 31, 2019 |
|
Parent |
|
|
Guarantor
Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Provided by (Used in) Operating Activities |
|
$ |
(32,804 |
) |
|
$ |
353,423 |
|
|
$ |
— |
|
|
$ |
320,619 |
|
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to Property, Plant, and Equipment |
|
|
— |
|
|
|
(84,056 |
) |
|
|
— |
|
|
|
(84,056 |
) |
Acquisition Spending |
|
|
— |
|
|
|
(30,424 |
) |
|
|
— |
|
|
|
(30,424 |
) |
Net Cash Used in Investing Activities |
|
|
— |
|
|
|
(114,480 |
) |
|
|
— |
|
|
|
(114,480 |
) |
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in Credit Facility |
|
|
275,000 |
|
|
|
— |
|
|
|
— |
|
|
|
275,000 |
|
Repayment of Private Placement Senior Unsecured Notes |
|
|
(36,500 |
) |
|
|
|
|
|
|
|
|
|
|
(36,500 |
) |
Dividends Paid to Stockholders |
|
|
(13,131 |
) |
|
|
— |
|
|
|
— |
|
|
|
(13,131 |
) |
Purchase and Retirement of Common Stock |
|
|
(313,887 |
) |
|
|
— |
|
|
|
— |
|
|
|
(313,887 |
) |
Proceeds from Stock Option Exercises |
|
|
2,996 |
|
|
|
— |
|
|
|
— |
|
|
|
2,996 |
|
Shares Redeemed to Settle Employee Taxes on
Stock Compensation |
|
|
(2,963 |
) |
|
|
— |
|
|
|
— |
|
|
|
(2,963 |
) |
Intra-entity Activity, net |
|
|
239,594 |
|
|
|
(239,594 |
) |
|
|
— |
|
|
|
— |
|
Net Cash Provided by (Used in) Financing Activities |
|
|
151,109 |
|
|
|
(239,594 |
) |
|
|
— |
|
|
|
(88,485 |
) |
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH |
|
|
118,305 |
|
|
|
(651 |
) |
|
|
— |
|
|
|
117,654 |
|
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD |
|
|
5,779 |
|
|
|
2,822 |
|
|
|
— |
|
|
|
8,601 |
|
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD |
|
$ |
124,084 |
|
|
$ |
2,171 |
|
|
$ |
— |
|
|
$ |
126,255 |
|
Condensed Consolidating Statement of Cash Flows
For the Nine Months Ended December 31, 2018 |
|
Parent |
|
|
Guarantor
Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Provided by (Used in) Operating Activities |
|
$ |
(68,752 |
) |
|
$ |
362,852 |
|
|
$ |
— |
|
|
$ |
294,100 |
|
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, Plant, and Equipment Additions |
|
|
(5,023 |
) |
|
|
(121,423 |
) |
|
|
— |
|
|
|
(126,446 |
) |
Proceeds from Sale of Property, Plant, and Equipment |
|
|
— |
|
|
|
2,281 |
|
|
|
|
|
|
|
2,281 |
|
Net Cash Used in Investing Activities |
|
|
(5,023 |
) |
|
|
(119,142 |
) |
|
|
— |
|
|
|
(124,165 |
) |
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayment of Credit Facility |
|
|
5,000 |
|
|
|
— |
|
|
|
— |
|
|
|
5,000 |
|
Dividends Paid to Stockholders |
|
|
(14,293 |
) |
|
|
— |
|
|
|
— |
|
|
|
(14,293 |
) |
Purchase and Retirement of Common Stock |
|
|
(191,800 |
) |
|
|
— |
|
|
|
— |
|
|
|
(191,800 |
) |
Proceeds from Stock Option Exercises |
|
|
1,992 |
|
|
|
— |
|
|
|
— |
|
|
|
1,992 |
|
Shares Redeemed to Settle Employee Taxes on
Stock Compensation |
|
|
(1,842 |
) |
|
|
— |
|
|
|
— |
|
|
|
(1,842 |
) |
Intra-entity Activity, net |
|
|
245,683 |
|
|
|
(245,683 |
) |
|
|
— |
|
|
|
— |
|
Net Cash Provided by (Used in) Financing Activities |
|
|
44,740 |
|
|
|
(245,683 |
) |
|
|
— |
|
|
|
(200,943 |
) |
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH |
|
|
(29,035 |
) |
|
|
(1,973 |
) |
|
|
— |
|
|
|
(31,008 |
) |
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD |
|
|
44,537 |
|
|
|
3,531 |
|
|
|
— |
|
|
|
48,068 |
|
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD |
|
$ |
15,502 |
|
|
$ |
1,558 |
|
|
$ |
— |
|
|
$ |
17,060 |
|
|