Travelport LTD - 10-K filing on 2014-03-10

Guarantor and Non-Guarantor Financial Statements (Tables)

12 Months Ended

Dec. 31, 2013

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Consolidating Condensed Statement of Operations

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the year ended December 31, 2013


(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Travelport Consolidated
Net revenue		—			—			—			799			1,277			—		2,076

Costs and expenses
Cost of revenue		—			—			—			504			762			—		1,266
Selling, general and administrative		24			—			12			61			299			—		396
Depreciation and amortization		—			—			—			196			10			—		206

Total costs and expenses		24			—			12			761			1,071			—		1,868

Operating (loss) income		(24	)		—			(12	)		38			206			—		208
Interest expense, net		—			—			(330	)		(12	)		—			—		(342	)
Loss on early extinguishment of debt		—			—			(49	)		—			—			—		(49	)
Equity in (losses) earnings of subsidiaries		(168	)		(359	)		32			—			—			495		—

(Loss) income before income taxes and equity in losses of investment in Orbitz Worldwide		(192	)		(359	)		(359	)		26			206			495		(183	)
Benefit from (provision for) income taxes		—			—			—			6			(26	)		—		(20	)
Equity in earnings of investment in Orbitz Worldwide		—			10			—			—			—			—		10

Net (loss) income from continuing operations		(192	)		(349	)		(359	)		32			180			495		(193	)
Gain from disposal of discontinued operations, net of tax		—			—			—			—			4			—		4

Net (loss) income		(192	)		(349	)		(359	)		32			184			495		(189	)
Net income attributable to non-controlling interest in subsidiaries		—			—			—			—			(3	)		—		(3	)

Net (loss) income attributable to the Company		(192	)		(349	)		(359	)		32			181			495		(192	)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the year ended December 31, 2012


(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Travelport Consolidated
Net revenue		—			—			—			826			1,176			—		2,002

Costs and expenses
Cost of revenue		—			—			—			518			673			—		1,191
Selling, general and administrative		33			—			14			104			295			—		446
Depreciation and amortization		—			—			—			216			11			—		227

Total costs and expenses		33			—			14			838			979			—		1,864

Operating (loss) income		(33	)		—			(14	)		(12	)		197			—		138
Interest expense, net		—			—			(277	)		(13	)		—			—		(290	)
Gain on early extinguishment of debt		—			—			6			—			—			—		6
Equity in (losses) earnings of subsidiaries		(203	)		(316	)		(31	)		—			—			550		—

(Loss) income before income taxes and equity in losses of investment in Orbitz Worldwide		(236	)		(316	)		(316	)		(25	)		197			550		(146	)
Provision for income taxes		—			—			—			(6	)		(17	)		—		(23	)
Equity in losses of investment in Orbitz Worldwide		—			(74	)		—			—			—			—		(74	)

Net (loss) income from continuing operations		(236	)		(390	)		(316	)		(31	)		180			550		(243	)
Gain from disposal of discontinued operations, net of tax		—			—			—			—			7			—		7

Net (loss) income		(236	)		(390	)		(316	)		(31	)		187			550		(236	)
Net income attributable to non-controlling interest in subsidiaries		—			—			—			—			—			—		—

Net (loss) income attributable to the Company		(236	)		(390	)		(316	)		(31	)		187			550		(236	)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the year ended December 31, 2011


(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Travelport Consolidated
Net revenue		—			—			—			897			1,138			—		2,035

Costs and expenses
Cost of revenue		—			—			—			550			661			—		1,211
Selling, general and administrative		13			—			—			73			311			—		397
Depreciation and amortization		—			—			—			210			17			—		227

Total costs and expenses		13			—			—			833			989			—		1,835

Operating (loss) income		(13	)		—			—			64			149			—		200
Interest expense, net		(1	)		—			(274	)		(12	)		—			—		(287	)
Equity in earnings (losses) of subsidiaries		203			(252	)		26			—			—			23		—

Income (loss) before income taxes and equity in losses of investment in Orbitz Worldwide		189			(252	)		(248	)		52			149			23		(87	)
Provision for income taxes		—			(1	)		—			(8	)		(20	)				(29	)
Equity in losses of investment in Orbitz Worldwide		—			(18	)		—			—			—			—		(18	)

Net income (loss) from continuing operations		189			(271	)		(248	)		44			129			23		(134	)
Loss from discontinued operations, net of tax		—			—			—			(3	)		(3	)		—		(6	)
(Loss) gain from disposal of discontinued operations, net of tax		(14	)		—			(4	)		(15	)		345			—		312

Net income (loss)		175			(271	)		(252	)		26			471			23		172
Net loss attributable to non-controlling interest in subsidiaries		—			—			—			—			3			—		3

Net income (loss) attributable to the Company		175			(271	)		(252	)		26			474			23		175

Consolidating Condensed Statements of Comprehensive (Loss) Income

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

For the year ended December 31, 2013


(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Travelport Consolidated
Net (loss) income		(192	)		(349	)		(359	)		32		184			495			(189	)

Other comprehensive (loss) income, net of tax
Foreign currency translation adjustment, net of tax		—			—			—			—		(5	)		—			(5	)
Unrealized loss on cash flow hedges, nets of tax		—			—			(4	)		—		—			—			(4	)
Unrealized actuarial gain on defined benefit plans, net of tax		—			—			—			104		3			—			107
Unrealized gain on equity investment, net of tax		—			9			—			—		—			—			9
Equity in other comprehensive income (loss) of subsidiaries		107			100			104			—		—			(311	)		—

Other comprehensive income (loss), net of tax		107			109			100			104		(2	)		(311	)		107

Comprehensive (loss) income		(85	)		(240	)		(259	)		136		182			184			(82	)
Comprehensive income attributable to non-controlling interest in subsidiaries		—			—			—			—		(3	)		—			(3	)

Comprehensive (loss) income attributable to the Company		(85	)		(240	)		(259	)		136		179			184			(85	)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

For the year ended December 31, 2012


(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Travelport Consolidated
Net (loss) income		(236	)		(390	)		(316	)		(31	)		187			550		(236	)

Other comprehensive (loss) income, net of tax
Foreign currency translation adjustment, net of tax		—			—			—			(1	)		4			—		3
Unrealized actuarial loss on defined benefit plans, net of tax		—			—			—			(9	)		(4	)		—		(13	)
Unrealized loss on equity investment, net of tax		—			(3	)		—			—			—			—		(3	)
Equity in other comprehensive (loss) income of subsidiaries		(13	)		(10	)		(10	)		—			—			33		—

Other comprehensive (loss) income, net of tax		(13	)		(13	)		(10	)		(10	)		—			33		(13	)

Comprehensive (loss) income		(249	)		(403	)		(326	)		(41	)		187			583		(249	)
Comprehensive income attributable to non-controlling interest in subsidiaries		—			—			—			—			—			—		—

Comprehensive (loss) income attributable to the Company		(249	)		(403	)		(326	)		(41	)		187			583		(249	)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

For the year ended December 31, 2011


(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Travelport Consolidated
Net income (loss)		175			(271	)		(252	)		26			471			23		172

Other comprehensive (loss) income, net of tax
Foreign currency translation adjustment, net of tax		—			—			—			8			(89	)		—		(81	)
Realized loss on cash flow hedges, nets of tax		—			—			9			—			—			—		9
Unrealized actuarial loss on defined benefit plans, net of tax		—			—			—			(85	)		(16	)		—		(101	)
Unrealized gain on equity investment, net of tax		—			6			—			—			—			—		6
Equity in other comprehensive (loss) income of subsidiaries		(167	)		(68	)		(77	)		—			—			312		—

Other comprehensive (loss) income, net of tax		(167	)		(62	)		(68	)		(77	)		(105	)		312		(167	)

Comprehensive income (loss)		8			(333	)		(320	)		(51	)		366			335		5
Comprehensive income attributable to non-controlling interest in subsidiaries		—			—			—			—			3			—		3

Comprehensive income (loss) attributable to the Company		8			(333	)		(320	)		(51	)		369			335		8

Consolidating Condensed Balance Sheets

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED BALANCE SHEETS

As of December 31, 2013


(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Assets
Current assets:
Cash and cash equivalents		—			—			25			51		78		—		154
Accounts receivable, net		—			—			—			51		126		—		177
Deferred income taxes		—			—			—			—		1		—		1
Other current assets		—			—			7			26		101		—		134

Total current assets		—			—			32			128		306		—		466
Investment in subsidiary/intercompany		(1,315	)		(1,426	)		1,991			—		—		750		—
Property and equipment, net		—			—			—			405		23		—		428
Goodwill		—			—			—			960		26		—		986
Trademarks and tradenames		—			—			—			313		1		—		314
Other intangible assets, net		—			—			—			577		94		—		671
Cash held as collateral		—			—			79			—		—		—		79
Investment in Orbitz Worldwide		—			19			—			—		—		—		19
Non-current deferred income tax		—			—			—			—		5		—		5
Other non-current assets		—			—			48			35		37		—		120

Total assets		(1,315	)		(1,407	)		2,150			2,418		492		750		3,088

Liabilities and equity
Current liabilities:
Accounts payable		—			—			—			45		27		—		72
Accrued expenses and other current liabilities		15			1			104			124		296		—		540
Deferred income taxes		—			—			—			24		—		—		24
Current portion of long-term debt		—			—			16			29		—		—		45

Total current liabilities		15			1			120			222		323		—		681
Long-term debt		—			—			3,450			78		—		—		3,528
Deferred income taxes		—			—			—			14		4		—		18
Other non-current liabilities		—			—			6			113		53		—		172

Total liabilities		15			1			3,576			427		380		—		4,399

Total shareholders’ equity (deficit)/intercompany		(1,330	)		(1,408	)		(1,426	)		1,991		93		750		(1,330	)
Equity attributable to non-controlling interest in subsidiaries		—			—			—			—		19		—		19

Total equity (deficit)/intercompany		(1,330	)		(1,408	)		(1,426	)		1,991		112		750		(1,311	)

Total liabilities and equity		(1,315	)		(1,407	)		2,150			2,418		492		750		3,088

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED BALANCE SHEETS

As of December 31, 2012


(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Assets
Current assets:
Cash and cash equivalents		—			—			33			19		58		—		110
Accounts receivable, net		—			—			—			45		105		—		150
Deferred income taxes		—			—			—			—		2		—		2
Other current assets		—			—			10			33		127		—		170

Total current assets		—			—			43			97		292		—		432
Investment in subsidiary/intercompany		(1,203	)		(1,269	)		1,837			—		—		635		—
Property and equipment, net		—			—			—			392		24		—		416
Goodwill		—			—			—			960		26		—		986
Trademarks and tradenames		—			—			—			313		1		—		314
Other intangible assets, net		—			—			—			631		86		—		717
Cash held as collateral		—			—			137			—		—		—		137
Non-current deferred income tax		—			—			—			—		6		—		6
Other non-current assets		—			—			78			44		28		—		150

Total assets		(1,203	)		(1,269	)		2,095			2,437		463		635		3,158

Liabilities and equity
Current liabilities:
Accounts payable		—			—			—			47		27		—		74
Accrued expenses and other current liabilities		15			—			110			120		292		—		537
Deferred income taxes		—			—			—			38		—		—		38
Current portion of long-term debt		—			—			20			18		—		—		38

Total current liabilities		15			—			130			223		319		—		687
Long-term debt		—			—			3,234			158		—		—		3,392
Deferred income taxes		—			—			—			4		3		—		7
Other non-current liabilities		—			—			—			215		59		—		274

Total liabilities		15			—			3,364			600		381		—		4,360

Total shareholders’ equity (deficit)/intercompany		(1,218	)		(1,269	)		(1,269	)		1,837		66		635		(1,218	)
Equity attributable to non-controlling interest in subsidiaries		—			—			—			—		16		—		16

Total equity (deficit)/intercompany		(1,218	)		(1,269	)		(1,269	)		1,837		82		635		(1,202	)

Total liabilities and equity		(1,203	)		(1,269	)		2,095			2,437		463		635		3,158

Consolidating Condensed Statements of Cash Flows

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

For the year ended December 31, 2013


(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Travelport Consolidated
Operating activities of continuing operations
Net (loss) income		(192	)		(349	)		(359	)		32			184			495			(189	)
Gain from disposal of discontinued operations		—			—			—			—			(4	)		—			(4	)

Net (loss) income from continuing operations		(192	)		(349	)		(359	)		32			180			495			(193	)
Adjustments to reconcile net (loss) income from continuing operations to net cash (used in) provided by operating activities of continuing operations:
Depreciation and amortization		—			—			—			196			10			—			206
Amortization of customer loyalty payments		—			—			—			19			44			—			63
Amortization of debt finance costs		—			—			24			—			—			—			24
Non-cash accrual of repayment fee and amortization of debt discount		—			—			7			—			—			—			7
Loss on early extinguishment of debt		—			—			49			—			—			—			49
Payment-in-kind interest		—			—			22			—			—			—			22
Gain on interest rate derivative instruments		—			—			(3	)		—			—			—			(3	)
Loss on foreign exchange derivative instruments		—			—			1			—			—			—			1
Equity in earnings of investment in Orbitz Worldwide		—			(10	)		—			—			—			—			(10	)
Equity in losses (earnings) of subsidiaries		168			359			(32	)		—			—			(495	)		—
Equity-based compensation		6			—			—			—			—			—			6
Deferred income taxes		—			—			—			(4	)		3			—			(1	)
Customer loyalty payments		—			—			—			(35	)		(43	)		—			(78	)
Defined benefit pension plan funding		—			—			—			(3	)		—			—			(3	)
Changes in assets and liabilities:
Accounts receivable		—			—			—			(6	)		(21	)		—			(27	)
Other current assets		—			—			3			7			(5	)		—			5
Accounts payable, accrued expenses and other current liabilities		—			—			(6	)		2			9			—			5
Other		—			—			6			7			14			—			27

Net cash (used in) provided by operating activities of continuing operations		(18	)		—			(288	)		215			191			—			100

Investing activities
Property and equipment additions		—			—			—			(102	)		(5	)		—			(107	)
Proceeds from sale of assets held for sale		—			—			—			17			—			—			17
Other		—			—			—			(6	)		—			—			(6	)
Net intercompany funding		25			—			212			(72	)		(165	)		—			—

Net cash provided by (used in) investing activities		25			—			212			(163	)		(170	)		—			(96	)

Financing activities
Proceeds from new term loans		—			—			2,169			—			—			—			2,169
Proceeds from revolver borrowings		—			—			73			—			—			—			73
Repayment of term loans		—			—			(1,667	)		—			—			—			(1,667	)
Repayment of revolver borrowings		—			—			(93	)		—			—			—			(93	)
Repurchase of Senior Notes		—			—			(413	)		—			—			—			(413	)
Repayment of capital lease obligations		—			—			—			(20	)		—			—			(20	)
Debt finance costs		—			—			(55	)		—			—			—			(55	)
Release of cash provided as collateral		—			—			137			—			—			—			137
Cash provided as collateral								(79	)		—			—			—			(79	)
Payments on settlement of foreign exchange derivative contracts		—			—			(8	)		—			—			—			(8	)
Proceeds from settlement of foreign exchange derivative contracts		—			—			4			—			—			—			4
Distribution to a parent company		(6	)		—			—			—			—			—			(6	)
Other		(1	)		—			—			—			(1	)		—			(2	)

Net cash (used in) provided by financing activities		(7	)		—			68			(20	)		(1	)		—			40

Net (decrease) increase in cash and cash equivalents		—			—			(8	)		32			20			—			44
Cash and cash equivalents at beginning of period		—			—			33			19			58			—			110

Cash and cash equivalents at end of period		—			—			25			51			78			—			154

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

For the year ended December 31, 2012


(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Travelport Consolidated
Operating activities
Net (loss) income		(236	)		(390	)		(316	)		(31	)		187			550			(236	)
Gain from disposal of discontinued operations		—			—			—			—			(7	)		—			(7	)

Net (loss) income from continuing operations		(236	)		(390	)		(316	)		(31	)		180			550			(243	)
Adjustments to reconcile net (loss) income from continuing operations to net cash (used in) provided by operating activities of continuing operations:
Depreciation and amortization		—			—			—			216			11			—			227
Amortization of customer loyalty payments		—			—			—			11			51			—			62
Amortization of debt finance costs		—			—			37			—			—			—			37
Gain on early extinguishment of debt		—			—			(6	)		—			—			—			(6	)
Payment-in-kind interest		—			—			14			—			—			—			14
Gain on interest rate derivative instruments		—			—			(1	)		—			—			—			(1	)
Equity in losses of investment in Orbitz Worldwide		—			74			—			—			—			—			74
Equity in losses (earnings) of subsidiaries		203			316			31			—			—			(550	)		—
Equity-based compensation		2			—			—			—			—			—			2
Deferred income taxes		—			—			—			3			1			—			4
Customer loyalty payments		—			—			—			(11	)		(36	)		—			(47	)
Defined benefit pension plan funding		—			—			—			(27	)		—			—			(27	)
FASA liability		—			—			—			(7	)		—			—			(7	)
Changes in assets and liabilities:
Accounts receivable		—			—			—			21			1			—			22
Other current assets		—			—			—			(2	)		(1	)		—			(3	)
Accounts payable, accrued expenses and other current liabilities		—			—			39			(46	)		44			—			37
Other		—			—			—			(19	)		55			—			36

Net cash (used in) provided by operating activities		(31	)		—			(202	)		108			306			—			181

Investing activities
Property and equipment additions		—			—			—			(92	)		—			—			(92	)
Other		—			—			—			—			3			—			3
Net intercompany funding		29			—			270			(8	)		(291	)		—			—

Net cash provided by (used in) investing activities		29			—			270			(100	)		(288	)		—			(89	)

Financing activities
Proceeds from new term loans		—			—			170			—			—			—			170
Proceeds from revolver borrowings		—			—			80			—			—			—			80
Repayment of term loans		—			—			(165	)		—			—			—			(165	)
Repayment of revolver borrowings		—			—			(95	)		—			—			—			(95	)
Repurchase of Senior Notes		—			—			(20	)		—			—			—			(20	)
Repayment of capital lease obligations		—			—			—			(16	)		—			—			(16	)
Debt finance costs		—			—			(20	)		—			—			—			(20	)
Payments on settlement of foreign exchange derivative contracts		—			—			(51	)		—			—			—			(51	)
Proceeds from settlement of foreign exchange derivative contracts		—			—			9			—			—			—			9
Other		2			—			—			—			—			—			2

Net cash provided by (used in) financing activities		2			—			(92	)		(16	)		—			—			(106	)

Net (decrease) increase in cash and cash equivalents		—			—			(24	)		(8	)		18			—			(14	)
Cash and cash equivalents at beginning of period		—			—			57			27			40			—			124

Cash and cash equivalents at end of period		—			—			33			19			58			—			110

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

For the year ended December 31, 2011


(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Travelport Consolidated
Operating activities
Net income (loss)		175			(271	)		(252	)		26			471			23			172
Loss (income) from discontinued operations (including gain from disposal), net of tax		14			—			4			18			(342	)		—			(306	)

Net income (loss) from continuing operations		189			(271	)		(248	)		44			129			23			(134	)
Adjustments to reconcile net income (loss) from continuing operations to net cash (used in) provided by operating activities of continuing operations:
Depreciation and amortization		—			—			—			210			17			—			227
Amortization of customer loyalty payments		—			—			—			26			48			—			74
Amortization of debt finance costs		—			—			23			—			—			—			23
Payment-in-kind interest		—			—			3			—			—			—			3
Gain on interest rate derivative instruments		—			—			(22	)		—			—			—			(22	)
Gain on foreign exchange derivative instruments		—			—			(1	)		—			—			—			(1	)
Equity in losses of investment in Orbitz Worldwide		—			18			—			—			—			—			18
Equity in (earnings) losses of subsidiaries		(203	)		252			(26	)		—			—			(23	)		—
Equity-based compensation		5			—			—			—			—			—			5
Deferred income taxes		—			—			—			3			—			—			3
Customer loyalty payments		—			—			—			(14	)		(51	)		—			(65	)
Defined benefit pension plan funding		—			—			—			(17	)		—			—			(17	)
FASA liability		—			—			—			(16	)		—			—			(16	)
Changes in assets and liabilities:
Accounts receivable		—			—			—			(15	)		(5	)		—			(20	)
Other current assets		—			—			—			3			1			—			4
Accounts payable, accrued expenses and other current liabilities		—			—			—			(11	)		20			—			9
Other		—			—			8			12			13			—			33

Net cash (used in) provided by operating activities		(9	)		(1	)		(263	)		225			172			—			124

Net cash used in operating activities of discontinued operations		—			—			—			—			(12	)		—			(12	)

Investing activities
Property and equipment additions		—			—			—			(72	)		(5	)		—			(77	)
Proceeds from sale of GTA business, net of cash disposed of $7 million		(10	)		—			14			—			624			—			628
Other		—			—			—			—			5			—			5
Net intercompany funding		111			1			995			(149	)		(958	)		—			—

Net cash provided by (used in) investing activities		101			1			1,009			(221	)		(334	)		—			556

Financing activities
Proceeds from revolver borrowings		—			—			35			—			—			—			35
Repayment of term loans		—			—			(658	)		—			—			—			(658	)
Repayment of capital lease obligations		—			—			—			(14	)		—			—			(14	)
Debt finance costs		—			—			(100	)		—			—			—			(100	)
Proceeds from settlement of foreign exchange derivative contracts		—			—			34			—			—			—			34
Distribution to a parent company		(89	)		—			—			—			—			—			(89	)
Other		(3	)		—			—			—			4			—			1

Net cash (used in) provided by financing activities		(92	)		—			(689	)		(14	)		4			—			(791	)

Effects of changes in exchange rates on cash and cash equivalents		—			—			—			—			5			—			5
Net increase (decrease) in cash and cash equivalents		—			—			57			(10	)		(165	)		—			(118	)
Cash and cash equivalents at beginning of period		—			—			—			37			205			—			242

Cash and cash equivalents at end of period		—			—			57			27			40			—			124