|
CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
|
| Condensed Consolidating Balance Sheet |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Verso Paper Holdings LLC | Condensed Consolidating Balance Sheet | December 31, 2014 | (Dollars in thousands) | Parent Issuer | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non- Guarantor Subsidiary | | Non- Guarantor Affiliate | | Eliminations | | Consolidated | ASSETS | | | | | | | | | | | | | | Cash and cash equivalents | $ | — |
| | $ | — |
| | $ | 5,526 |
| | $ | 5 |
| | $ | 10 |
| | $ | — |
| | $ | 5,541 |
| Accounts receivable, net | — |
| | — |
| | 87,866 |
| | — |
| | — |
| | — |
| | 87,866 |
| Inventories | — |
| | — |
| | 110,724 |
| | — |
| | — |
| | — |
| | 110,724 |
| Assets held for sale | — |
| | — |
| | 60,014 |
| | 950 |
| | — |
| | — |
| | 60,964 |
| Prepaid expenses and other assets | — |
| | — |
| | 9,308 |
| | 1,500 |
| | 4 |
| | — |
| | 10,812 |
| Current assets | — |
| | — |
| | 273,438 |
| | 2,455 |
| | 14 |
| | — |
| | 275,907 |
| Property, plant, and equipment, net | — |
| | — |
| | 507,619 |
| | 23,206 |
| | — |
| | (288 | ) | | 530,537 |
| Intercompany/affiliate receivable | 1,396,872 |
| | — |
| | 2,335 |
| | 26,417 |
| | 31,153 |
| | (1,456,777 | ) | | — |
| Intangibles and other assets, net(1) | — |
| | — |
| | 93,311 |
| | 1,101 |
| | 85 |
| | — |
| | 94,497 |
| Total assets | $ | 1,396,872 |
| | $ | — |
| | $ | 876,703 |
| | $ | 53,179 |
| | $ | 31,252 |
| | $ | (1,457,065 | ) | | $ | 900,941 |
| LIABILITIES AND MEMBER’S EQUITY | Accounts payable | $ | — |
| | $ | — |
| | $ | 62,799 |
| | $ | — |
| | $ | 15 |
| | $ | — |
| | $ | 62,814 |
| Accrued liabilities | 77,581 |
| | — |
| | 127,432 |
| | 374 |
| | 126 |
| | — |
| | 205,513 |
| Current maturities of long-term debt | — |
| | — |
| | — |
| | 30,000 |
| | — |
| | — |
| | 30,000 |
| Liabilities related to assets held for sale | — |
| | — |
| | 2,198 |
| | — |
| | — |
| | — |
| | 2,198 |
| Current liabilities | 77,581 |
| | — |
| | 192,429 |
| | 30,374 |
| | 141 |
| | — |
| | 300,525 |
| Intercompany/affiliate payable | — |
| | — |
| | 1,423,289 |
| | 33,488 |
| | — |
| | (1,456,777 | ) | | — |
| Investment in subsidiaries | 802,702 |
| | — |
| | 13,341 |
| | — |
| | — |
| | (816,043 | ) | | — |
| Long-term debt(2) | 1,296,906 |
| | — |
| | — |
| | — |
| | 23,305 |
| | — |
| | 1,320,211 |
| Other liabilities | — |
| | — |
| | 52,599 |
| | — |
| | 8,142 |
| | (219 | ) | | 60,522 |
| Member's (deficit) equity | (780,317 | ) | | — |
| | (804,955 | ) | | (10,683 | ) | | (336 | ) | | 815,974 |
| | (780,317 | ) | Total liabilities and equity | $ | 1,396,872 |
| | $ | — |
| | $ | 876,703 |
| | $ | 53,179 |
| | $ | 31,252 |
| | $ | (1,457,065 | ) | | $ | 900,941 |
|
(1) Intangibles and other assets, net of Guarantor Subsidiaries includes $23.3 million of a long-term note receivable from Verso Finance. (2) Long-term debt of Non-Guarantor Affiliate is payable to Verso Finance. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Verso Paper Holdings LLC | Condensed Consolidating Balance Sheet | December 31, 2013 | (Dollars in thousands) | Parent Issuer | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non- Guarantor Subsidiary | | Non- Guarantor Affiliate | | Eliminations | | Consolidated | ASSETS | | | | | | | | | | | | | | Cash and cash equivalents | $ | — |
| | $ | — |
| | $ | 11,230 |
| | $ | — |
| | $ | 10 |
| | $ | — |
| | $ | 11,240 |
| Accounts receivable, net | — |
| | — |
| | 104,624 |
| | — |
| | — |
| | — |
| | 104,624 |
| Inventories | — |
| | — |
| | 137,687 |
| | — |
| | — |
| | — |
| | 137,687 |
| Assets held for sale | — |
| | — |
| | 50 |
| | — |
| | — |
| | — |
| | 50 |
| Prepaid expenses and other assets | — |
| | — |
| | 20,616 |
| | — |
| | 5 |
| | — |
| | 20,621 |
| Current assets | — |
| | — |
| | 274,207 |
| | — |
| | 15 |
| | — |
| | 274,222 |
| Property, plant, and equipment, net | — |
| | — |
| | 724,063 |
| | 19,171 |
| | — |
| | (288 | ) | | 742,946 |
| Intercompany/affiliate receivable | 1,335,323 |
| | — |
| | 1,393 |
| | — |
| | 31,153 |
| | (1,367,869 | ) | | — |
| Intangibles and other assets, net(1) | — |
| | — |
| | 103,424 |
| | 1,251 |
| | 85 |
| | — |
| | 104,760 |
| Total assets | $ | 1,335,323 |
| | $ | — |
| | $ | 1,103,087 |
| | $ | 20,422 |
| | $ | 31,253 |
| | $ | (1,368,157 | ) | | $ | 1,121,928 |
| LIABILITIES AND MEMBER’S EQUITY | Accounts payable | $ | — |
| | $ | — |
| | $ | 88,397 |
| | $ | — |
| | $ | 15 |
| | $ | — |
| | $ | 88,412 |
| Accrued liabilities | 58,847 |
| | — |
| | 63,462 |
| | — |
| | 126 |
| | — |
| | 122,435 |
| Current maturities of long-term debt | 13,310 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 13,310 |
| Current liabilities | 72,157 |
| | — |
| | 151,859 |
| | — |
| | 141 |
| | — |
| | 224,157 |
| Intercompany/affiliate payable | — |
| | — |
| | 1,335,323 |
| | 32,546 |
| | — |
| | (1,367,869 | ) | | — |
| Investment in subsidiaries (3) | 439,125 |
| | — |
| | 12,124 |
| | — |
| | — |
| | (451,249 | ) | | — |
| Long-term debt(2) | 1,235,167 |
| | — |
| | — |
| | — |
| | 23,305 |
| | — |
| | 1,258,472 |
| Other liabilities | — |
| | — |
| | 42,502 |
| | — |
| | 8,087 |
| | (164 | ) | | 50,425 |
| Member's (deficit) equity | (411,126 | ) | | — |
| | (438,721 | ) | | (12,124 | ) | | (280 | ) | | 451,125 |
| | (411,126 | ) | Total liabilities and equity | $ | 1,335,323 |
| | $ | — |
| | $ | 1,103,087 |
| | $ | 20,422 |
| | $ | 31,253 |
| | $ | (1,368,157 | ) | | $ | 1,121,928 |
|
(1) Intangibles and other assets, net of Guarantor Subsidiaries includes $23.3 million of a long-term note receivable from Verso Finance. (2) Long-term debt of Non-Guarantor Affiliate is payable to Verso Finance. (3) Investment in subsidiaries has been corrected to reflect presentation as a liability in conformity with current year presentation.
|
| Condensed Consolidating Statements of Operations |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Verso Paper Holdings LLC | Condensed Consolidating Statements of Operations and Comprehensive Income | Year Ended December 31, 2014 | (Dollars in thousands) | Parent Issuer | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non- Guarantor Subsidiary | | Non- Guarantor Affiliate | | Eliminations | | Consolidated | Net sales | $ | — |
| | $ | — |
| | $ | 1,296,613 |
| | $ | 3,098 |
| | $ | — |
| | $ | (3,098 | ) | | $ | 1,296,613 |
| Cost of products sold (exclusive of depreciation, amortization, and depletion) | — |
| | — |
| | 1,177,981 |
| | 1,119 |
| | — |
| | (3,098 | ) | | 1,176,002 |
| Depreciation, amortization, and depletion | — |
| | — |
| | 89,509 |
| | 1,388 |
| | 55 |
| | (55 | ) | | 90,897 |
| Selling, general, and administrative expenses | — |
| | — |
| | 71,336 |
| | (1,422 | ) | | 31 |
| | — |
| | 69,945 |
| Restructuring charges | — |
| | — |
| | 134,486 |
| | — |
| | — |
| | — |
| | 134,486 |
| Interest income | (141,246 | ) | | — |
| | (1,517 | ) | | — |
| | (1,546 | ) | | 142,792 |
| | (1,517 | ) | Interest expense | 141,246 |
| | — |
| | 139,385 |
| | 4,492 |
| | 1,515 |
| | (142,792 | ) | | 143,846 |
| Other loss, net | — |
| | — |
| | 38,898 |
| | — |
| | — |
| | — |
| | 38,898 |
| Equity in net loss of subsidiaries | (355,944 | ) | | — |
| | — |
| | — |
| | — |
| | 355,944 |
| | — |
| Net loss | $ | (355,944 | ) | | $ | — |
| | $ | (353,465 | ) | | $ | (2,479 | ) | | $ | (55 | ) | | $ | 355,999 |
| | $ | (355,944 | ) | Other comprehensive loss | (15,682 | ) | | — |
| | (15,682 | ) | | — |
| | — |
| | 15,682 |
| | (15,682 | ) | Comprehensive loss | $ | (371,626 | ) | | $ | — |
| | $ | (369,147 | ) | | $ | (2,479 | ) | | $ | (55 | ) | | $ | 371,681 |
| | $ | (371,626 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Verso Paper Holdings LLC | Condensed Consolidating Statements of Operations and Comprehensive Income | Year Ended December 31, 2013 | (Dollars in thousands) | Parent Issuer | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non- Guarantor Subsidiary | | Non- Guarantor Affiliate | | Eliminations | | Consolidated | Net sales | $ | — |
| | $ | — |
| | $ | 1,388,899 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 1,388,899 |
| Cost of products sold (exclusive of depreciation, amortization, and depletion) | — |
| | — |
| | 1,179,085 |
| | — |
| | — |
| | — |
| | 1,179,085 |
| Depreciation, amortization, and depletion | — |
| | — |
| | 103,655 |
| | 1,075 |
| | 55 |
| | (55 | ) | | 104,730 |
| Selling, general, and administrative expenses | — |
| | — |
| | 75,452 |
| | (1,707 | ) | | 32 |
| | — |
| | 73,777 |
| Restructuring charges | — |
| | — |
| | 1,378 |
| | — |
| | — |
| | — |
| | 1,378 |
| Other operating income | — |
| | — |
| | (3,971 | ) | | — |
| | — |
| | — |
| | (3,971 | ) | Interest income | (138,298 | ) | | — |
| | (1,539 | ) | | — |
| | (1,546 | ) | | 139,844 |
| | (1,539 | ) | Interest expense | 138,298 |
| | — |
| | 137,083 |
| | 1,574 |
| | 1,515 |
| | (139,844 | ) | | 138,626 |
| Other loss, net | 2,800 |
| | — |
| | 5,165 |
| | — |
| | — |
| | — |
| | 7,965 |
| Equity in net loss of subsidiaries | (108,352 | ) | | — |
| | — |
| | — |
| | — |
| | 108,352 |
| | — |
| Net loss | $ | (111,152 | ) | | $ | — |
| | $ | (107,409 | ) | | $ | (942 | ) | | $ | (56 | ) | | $ | 108,407 |
| | $ | (111,152 | ) | Other comprehensive income | 13,838 |
| | — |
| | 13,838 |
| | — |
| | — |
| | (13,838 | ) | | 13,838 |
| Comprehensive loss | $ | (97,314 | ) | | $ | — |
| | $ | (93,571 | ) | | $ | (942 | ) | | $ | (56 | ) | | $ | 94,569 |
| | $ | (97,314 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Verso Paper Holdings LLC | Condensed Consolidating Statements of Operations and Comprehensive Income | Year Ended December 31, 2012 | (Dollars in thousands) | Parent Issuer | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non- Guarantor Subsidiary | | Non- Guarantor Affiliate | | Eliminations | | Consolidated | Net sales | $ | — |
| | $ | — |
| | $ | 1,474,612 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 1,474,612 |
| Cost of products sold (exclusive of depreciation, amortization, and depletion) | — |
| | — |
| | 1,272,630 |
| | — |
| | — |
| | — |
| | 1,272,630 |
| Depreciation, amortization, and depletion | — |
| | — |
| | 117,014 |
| | 1,164 |
| | 55 |
| | (55 | ) | | 118,178 |
| Selling, general, and administrative expenses | — |
| | — |
| | 76,039 |
| | (1,707 | ) | | 32 |
| | — |
| | 74,364 |
| Restructuring charges | — |
| | — |
| | 102,404 |
| | — |
| | — |
| | — |
| | 102,404 |
| Other operating income | — |
| | — |
| | (60,594 | ) | | — |
| | — |
| | — |
| | (60,594 | ) | Interest income | (129,801 | ) | | — |
| | (1,523 | ) | | — |
| | (1,546 | ) | | 131,347 |
| | (1,523 | ) | Interest expense | 129,801 |
| | — |
| | 126,399 |
| | 1,575 |
| | 1,515 |
| | (131,347 | ) | | 127,943 |
| Other loss, net | 8,244 |
| | — |
| | (864 | ) | | — |
| | — |
| | — |
| | 7,380 |
| Equity in net loss of subsidiaries | $ | (157,926 | ) | | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 157,926 |
| | $ | — |
| Net loss | (166,170 | ) | | — |
| | (156,893 | ) | | (1,032 | ) | | (56 | ) | | 157,981 |
| | (166,170 | ) | Other comprehensive income | 3,385 |
| | $ | — |
| | 3,385 |
| | $ | — |
| | $ | — |
| | (3,385 | ) | | 3,385 |
| Comprehensive loss | $ | (162,785 | ) | | $ | — |
| | $ | (153,508 | ) | | $ | (1,032 | ) | | $ | (56 | ) | | $ | 154,596 |
| | $ | (162,785 | ) |
|
| Condensed Consolidating Statements of Cash Flows |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Verso Paper Holdings LLC | Condensed Consolidating Statements of Cash Flows | Year Ended December 31, 2014 | (Dollars in thousands) | Parent Issuer | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non- Guarantor Subsidiary | | Non- Guarantor Affiliate | | Eliminations | | Consolidated | Net cash used in operating activities | $ | — |
| | $ | — |
| | $ | (60,051 | ) | | $ | 1,708 |
| | $ | — |
| | $ | — |
| | $ | (58,343 | ) | Cash flows from investing activities: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Proceeds from sale of assets | — |
| | — |
| | 766 |
| | 43 |
| | — |
| | — |
| | 809 |
| Transfers (to) from restricted cash | — |
| | — |
| | 2,222 |
| | (1,378 | ) | | — |
| | — |
| | 844 |
| Capital expenditures | — |
| | — |
| | (41,743 | ) | | (220 | ) | | — |
| | — |
| | (41,963 | ) | Other investing activities | — |
| | — |
| | 15,020 |
| | — |
| | — |
| | — |
| | 15,020 |
| Advances to subsidiaries | (326,680 | ) | | — |
| | — |
| | — |
| | — |
| | 326,680 |
| | — |
| Payments from subsidiaries | 276,311 |
| | — |
| | — |
| | — |
| | — |
| | (276,311 | ) | | — |
| Net cash used in investing activities | (50,369 | ) | | — |
| | (23,735 | ) | | (1,555 | ) | | — |
| | 50,369 |
| | (25,290 | ) | Cash flows from financing activities: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Borrowings on revolving credit facilities | 298,250 |
| | — |
| | — |
| | 135,199 |
| | — |
| | — |
| | 433,449 |
| Payments on revolving credit facilities | (235,250 | ) | | — |
| | — |
| | (105,199 | ) | | — |
| | — |
| | (340,449 | ) | Repayments of long-term debt | (13,310 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | (13,310 | ) | Contribution from Verso | 717 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 717 |
| Cash distributions | (38 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | (38 | ) | Return of capital to parent | | | | | | | (1,296 | ) | | | | 1,296 |
| | — |
| Debt issuance costs | — |
| | — |
| | — |
| | (2,435 | ) | | — |
| | — |
| | (2,435 | ) | Advances from parent | — |
| | — |
| | 326,680 |
| | — |
| | — |
| | (326,680 | ) | | — |
| Payments to parent | | | | | (248,598 | ) | | (26,417 | ) | | | | 275,015 |
| | — |
| Net cash provided by (used in) financing activities | 50,369 |
| | — |
| | 78,082 |
| | (148 | ) | | — |
| | (50,369 | ) | | 77,934 |
| Change in cash and cash equivalents | — |
| | — |
| | (5,704 | ) | | 5 |
| | — |
| | — |
| | (5,699 | ) | Cash and cash equivalents at beginning of period | — |
| | — |
| | 11,230 |
| | — |
| | 10 |
| | — |
| | 11,240 |
| Cash and cash equivalents at end of period | $ | — |
| | $ | — |
| | $ | 5,526 |
| | $ | 5 |
| | $ | 10 |
| | $ | — |
| | $ | 5,541 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Verso Paper Holdings LLC | Condensed Consolidating Statements of Cash Flows | Year Ended December 31, 2013 | (Dollars in thousands) | Parent Issuer | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non- Guarantor Subsidiary | | Non- Guarantor Affiliate | | Eliminations | | Consolidated | Net cash used in operating activities | $ | — |
| | $ | — |
| | $ | (27,609 | ) | | $ | 154 |
| | $ | (7 | ) | | $ | — |
| | $ | (27,462 | ) | Cash flows from investing activities: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Proceeds from sale of assets | — |
| | — |
| | 28,397 |
| | — |
| | — |
| | — |
| | 28,397 |
| Transfers to restricted cash | — |
| | — |
| | (1,338 | ) | | (154 | ) | | — |
| | — |
| | (1,492 | ) | Capital expenditures | — |
| | — |
| | (40,660 | ) | | — |
| | — |
| | — |
| | (40,660 | ) | Return of capital to Parent Issuer | 8,653 |
| | — |
| | — |
| | — |
| | — |
| | (8,653 | ) | | — |
| Advances to subsidiaries | (145,000 | ) | | — |
| | — |
| | — |
| | — |
| | 145,000 |
| | — |
| Payments from subsidiaries | 145,360 |
| | — |
| | — |
| | — |
| | — |
| | (145,360 | ) | | — |
| Net cash provided by (used in) investing activities | 9,013 |
| | — |
| | (13,601 | ) | | (154 | ) | | — |
| | (9,013 | ) | | (13,755 | ) | Cash flows from financing activities: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Borrowings on revolving credit facilities | 145,000 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 145,000 |
| Payments on revolving credit facilities | (145,000 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | (145,000 | ) | Debt issuance costs | (220 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | (220 | ) | Return of capital to Verso | (8,653 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | (8,653 | ) | Cash distributions | (140 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | (140 | ) | Return of capital to Parent Issuer | — |
| | — |
| | (8,653 | ) | | — |
| | — |
| | 8,653 |
| | — |
| Advances from parent | — |
| | — |
| | 145,000 |
| | — |
| | — |
| | (145,000 | ) | | — |
| Payments to parent | — |
| | — |
| | (145,360 | ) | | — |
| | — |
| | 145,360 |
| | — |
| Net cash used in financing activities | (9,013 | ) | | — |
| | (9,013 | ) | | — |
| | — |
| | 9,013 |
| | (9,013 | ) | Change in cash and cash equivalents | — |
| | — |
| | (50,223 | ) | | — |
| | (7 | ) | | — |
| | (50,230 | ) | Cash and cash equivalents at beginning of period | — |
| | — |
| | 61,453 |
| | — |
| | 17 |
| | — |
| | 61,470 |
| Cash and cash equivalents at end of period | $ | — |
| | $ | — |
| | $ | 11,230 |
| | $ | — |
| | $ | 10 |
| | $ | — |
| | $ | 11,240 |
|
Advances to and payments from subsidiaries amounts have been corrected to be presented in investing activities in conformity with current year presentation. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Verso Paper Holdings LLC | Condensed Consolidating Statements of Cash Flows | Year Ended December 31, 2012 | (Dollars in thousands) | Parent Issuer | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiary | | Non- Guarantor Affiliate | | Eliminations | | Consolidated | Net cash provided by operating activities | $ | — |
| | $ | — |
| | $ | 9,449 |
| | $ | 1,909 |
| | $ | (56 | ) | | $ | — |
| | $ | 11,302 |
| Cash flows from investing activities: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Proceeds from insurance settlement | — |
| | — |
| | 51,003 |
| | — |
| | — |
| | — |
| | 51,003 |
| Proceeds from sale of fixed assets | — |
| | — |
| | 1,731 |
| | — |
| | — |
| | — |
| | 1,731 |
| Transfers (to) from restricted cash | — |
| | — |
| | 184 |
| | (78 | ) | | — |
| | — |
| | 106 |
| Capital expenditures | — |
| | — |
| | (68,585 | ) | | 8,676 |
| | — |
| | — |
| | (59,909 | ) | Advances to subsidiaries | (454,467 | ) | | — |
| | — |
| | — |
| | — |
| | 454,467 |
| | — |
| Payment from subsidiaries | 492,025 |
| | — |
| | 10,507 |
| | — |
| | — |
| | (502,532 | ) | | — |
| Net cash provided by (used in) investing activities | 37,558 |
| | — |
| | (5,160 | ) | | 8,598 |
| | — |
| | (48,065 | ) | | (7,069 | ) | Cash flows from financing activities: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Borrowings on revolving credit facilities | 112,500 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 112,500 |
| Payments on revolving credit facilities | (112,500 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | (112,500 | ) | Proceeds from long-term debt | 341,191 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 341,191 |
| Repayments of long-term debt | (354,984 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | (354,984 | ) | Debt issuance costs | (24,459 | ) | | — |
| |
|
| |
|
| | — |
| | — |
| | (24,459 | ) | Contribution from parent | 776 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 776 |
| Cash distributions | (82 | ) | | — |
| | — |
| | (10,507 | ) | | — |
| | 10,507 |
| | (82 | ) | Advances from parent | — |
| | — |
| | 454,467 |
| | — |
| | — |
| | (454,467 | ) | | — |
| Payments to parent | — |
| | — |
| | (492,025 | ) | | — |
| | — |
| | 492,025 |
| | — |
| Net cash used in financing activities | (37,558 | ) | | — |
| | (37,558 | ) | | (10,507 | ) | | — |
| | 48,065 |
| | (37,558 | ) | Change in cash and cash equivalents | — |
| | — |
| | (33,269 | ) | | — |
| | (56 | ) | | — |
| | (33,325 | ) | Cash and cash equivalents at beginning of period | — |
| | — |
| | 94,722 |
| | — |
| | 73 |
| | — |
| | 94,795 |
| Cash and cash equivalents at end of period | $ | — |
| | $ | — |
| | $ | 61,453 |
| | $ | — |
| | $ | 17 |
| | $ | — |
| | $ | 61,470 |
|
Advances to and payments from subsidiaries amounts have been corrected to be presented in investing activities in conformity with current year presentation. |