Attached files

file filename
8-K - 8-K - IRON MOUNTAIN INCa13-17913_18k.htm
EX-10.1 - EX-10.1 - IRON MOUNTAIN INCa13-17913_1ex10d1.htm

Exhibit 99.1

 

IRON MOUNTAIN INCORPORATED

 

Index

 

 

Page

 

 

Selected Consolidating Unaudited Pro Forma Information of Parent, Guarantors, Canada Company and Non-Guarantors

 

 

 

Consolidating Pro Forma Balance Sheets at December 31, 2012 and June 30, 2013 (Unaudited)

2

 

 

Consolidating Pro Forma Statements of Operations for the Year Ended December 31, 2012 and Six Months Ended June 30, 2013 (Unaudited)

4

 

 

Consolidating Pro Forma Statements of Cash Flows for the Year Ended December 31, 2012 and Six Months Ended June 30, 2013 (Unaudited)

6

 



 

IRON MOUNTAIN INCORPORATED

 

CONSOLIDATING PRO FORMA BALANCE SHEET

 

(Unaudited)

 

 

 

December 31, 2012

 

 

 

 

 

 

 

Canada

 

Non-

 

 

 

 

 

 

 

Parent

 

Guarantors

 

Company

 

Guarantors

 

Eliminations

 

Consolidated

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Current Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and Cash Equivalents

 

$

 

$

13,472

 

$

103,346

 

$

126,597

 

$

 

$

243,415

 

Restricted Cash

 

33,612

 

 

 

 

 

33,612

 

Accounts Receivable

 

 

338,455

 

45,623

 

188,122

 

 

572,200

 

Intercompany Receivable

 

1,055,593

 

 

 

 

(1,055,593

)

 

Other Current Assets

 

48

 

121,933

 

6,871

 

46,078

 

(65

)

174,865

 

Total Current Assets

 

1,089,253

 

473,860

 

155,840

 

360,797

 

(1,055,658

)

1,024,092

 

Property, Plant and Equipment, Net

 

1,305

 

1,500,309

 

187,286

 

788,827

 

 

2,477,727

 

Other Assets, Net:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term Notes Receivable from Affiliates and Intercompany Receivable

 

1,070,930

 

1,000

 

2,855

 

 

(1,074,785

)

 

Investment in Subsidiaries

 

1,941,540

 

1,688,000

 

29,831

 

303,164

 

(3,962,535

)

 

Goodwill

 

 

1,536,964

 

200,250

 

597,545

 

 

2,334,759

 

Other

 

37,909

 

261,950

 

10,686

 

211,330

 

(114

)

521,761

 

Total Other Assets, Net

 

3,050,379

 

3,487,914

 

243,622

 

1,112,039

 

(5,037,434

)

2,856,520

 

Total Assets

 

$

4,140,937

 

$

5,462,083

 

$

586,748

 

$

2,261,663

 

$

(6,093,092

)

$

6,358,339

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities and Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

Intercompany Payable

 

$

 

$

942,547

 

$

3,310

 

$

109,736

 

$

(1,055,593

)

$

 

Current Portion of Long-term Debt

 

 

70,870

 

 

22,082

 

(65

)

92,887

 

Total Other Current Liabilities

 

111,536

 

469,249

 

26,836

 

204,445

 

 

812,066

 

Long-term Debt, Net of Current Portion

 

2,876,317

 

568,205

 

183,505

 

104,089

 

 

3,732,116

 

Long-term Notes Payable to Affiliates and Intercompany Payable

 

1,000

 

1,066,823

 

 

6,962

 

(1,074,785

)

 

Other Long-term Liabilities

 

2,113

 

417,972

 

40,102

 

98,749

 

(114

)

558,822

 

Commitments and Contingencies

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Iron Mountain Incorporated Stockholders’ Equity

 

1,149,971

 

1,926,417

 

332,995

 

1,703,123

 

(3,962,535

)

1,149,971

 

Noncontrolling Interests

 

 

 

 

12,477

 

 

12,477

 

Total Equity

 

1,149,971

 

1,926,417

 

332,995

 

1,715,600

 

(3,962,535

)

1,162,448

 

Total Liabilities and Equity

 

$

4,140,937

 

$

5,462,083

 

$

586,748

 

$

2,261,663

 

$

(6,093,092

)

$

6,358,339

 

 

2



 

IRON MOUNTAIN INCORPORATED

 

CONSOLIDATING PRO FORMA BALANCE SHEET

 

(Unaudited)

 

 

 

June 30, 2013

 

 

 

 

 

 

 

Canada

 

Non-

 

 

 

 

 

 

 

Parent

 

Guarantors

 

Company

 

Guarantors

 

Eliminations

 

Consolidated

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Current Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and Cash Equivalents

 

$

 

$

4,152

 

$

107,587

 

$

147,127

 

$

 

$

258,866

 

Restricted Cash

 

33,613

 

 

 

 

 

33,613

 

Accounts Receivable

 

 

346,133

 

46,527

 

188,821

 

 

581,481

 

Intercompany Receivable

 

892,125

 

 

 

 

(892,125

)

 

Other Current Assets

 

1,512

 

123,934

 

4,088

 

42,534

 

(46

)

172,022

 

Total Current Assets

 

927,250

 

474,219

 

158,202

 

378,482

 

(892,171

)

1,045,982

 

Property, Plant and Equipment, Net

 

1,209

 

1,512,925

 

176,431

 

761,744

 

 

2,452,309

 

Other Assets, Net:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term Notes Receivable from Affiliates and Intercompany Receivable

 

1,175,843

 

1,000

 

2,699

 

 

(1,179,542

)

 

Investment in Subsidiaries

 

1,912,854

 

1,657,184

 

28,705

 

298,251

 

(3,896,994

)

 

Goodwill

 

 

1,546,977

 

189,391

 

580,789

 

 

2,317,157

 

Other

 

34,948

 

269,523

 

9,559

 

205,455

 

(114

)

519,371

 

Total Other Assets, Net

 

3,123,645

 

3,474,684

 

230,354

 

1,084,495

 

(5,076,650

)

2,836,528

 

Total Assets

 

$

4,052,104

 

$

5,461,828

 

$

564,987

 

$

2,224,721

 

$

(5,968,821

)

$

6,334,819

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities and Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

Intercompany Payable

 

$

 

$

777,743

 

$

3,644

 

$

110,738

 

$

(892,125

)

$

 

Current Portion of Long-term Debt

 

228,180

 

77,808

 

 

18,740

 

(46

)

324,682

 

Total Other Current Liabilities

 

110,931

 

442,275

 

26,110

 

168,927

 

 

748,243

 

Long-term Debt, Net of Current Portion

 

2,628,790

 

676,565

 

173,569

 

135,094

 

 

3,614,018

 

Long-term Notes Payable to Affiliates and Intercompany Payable

 

1,000

 

1,172,374

 

 

6,168

 

(1,179,542

)

 

Other Long-term Liabilities

 

2,930

 

419,462

 

34,708

 

97,351

 

(114

)

554,337

 

Commitments and Contingencies

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Iron Mountain Incorporated Stockholders’ Equity

 

1,080,273

 

1,895,601

 

326,956

 

1,674,437

 

(3,896,994

)

1,080,273

 

Noncontrolling Interests

 

 

 

 

13,266

 

 

13,266

 

Total Equity

 

1,080,273

 

1,895,601

 

326,956

 

1,687,703

 

(3,896,994

)

1,093,539

 

Total Liabilities and Equity

 

$

4,052,104

 

$

5,461,828

 

$

564,987

 

$

2,224,721

 

$

(5,968,821

)

$

6,334,819

 

 

3



 

IRON MOUNTAIN INCORPORATED

 

CONSOLIDATING PRO FORMA STATEMENT OF OPERATIONS

 

(Unaudited)

 

 

 

Year Ended December 31, 2012

 

 

 

 

 

 

 

Canada

 

Non-

 

 

 

 

 

 

 

Parent

 

Guarantors

 

Company

 

Guarantors

 

Eliminations

 

Consolidated

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

Storage Rental

 

$

 

$

1,156,681

 

$

130,825

 

$

445,632

 

$

 

$

1,733,138

 

Service

 

 

784,068

 

 

488,049

 

 

1,272,117

 

Total Revenues

 

 

1,940,749

 

130,825

 

933,681

 

 

3,005,255

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales (Excluding Depreciation and Amortization)

 

 

761,092

 

27,881

 

488,140

 

 

1,277,113

 

Selling, General and Administrative

 

220

 

591,092

 

17,741

 

241,318

 

 

850,371

 

Depreciation and Amortization

 

320

 

192,304

 

12,797

 

110,923

 

 

316,344

 

(Gain) Loss on Disposal/Write-down of Property, Plant and Equipment, Net

 

 

(966

)

84

 

5,282

 

 

4,400

 

Total Operating Expenses

 

540

 

1,543,522

 

58,503

 

845,663

 

 

2,448,228

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating (Loss) Income

 

(540

)

397,227

 

72,322

 

88,018

 

 

557,027

 

Interest Expense (Income), Net

 

196,423

 

(17,117

)

36,114

 

27,179

 

 

242,599

 

Other Expense (Income), Net

 

32,161

 

(3,842

)

(37

)

(12,220

)

 

16,062

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes

 

(229,124

)

418,186

 

36,245

 

73,059

 

 

298,366

 

Provision (Benefit) for Income Taxes

 

 

86,549

 

12,768

 

15,556

 

 

114,873

 

Equity in the (Earnings) Losses of Subsidiaries, Net of Tax

 

(400,832

)

(73,625

)

(5,273

)

(23,477

)

503,207

 

 

Income (Loss) from Continuing Operations

 

171,708

 

405,262

 

28,750

 

80,980

 

(503,207

)

183,493

 

Income (Loss) from Discontinued Operations, Net of Tax

 

 

430

 

 

(7,204

)

 

(6,774

)

(Loss) Gain on Sale of Discontinued Operations, Net of Tax

 

 

 

 

(1,885

)

 

(1,885

)

Net Income (Loss)

 

171,708

 

405,692

 

28,750

 

71,891

 

(503,207

)

174,834

 

Less: Net Income (Loss) Attributable to Noncontrolling Interests

 

 

 

 

3,126

 

 

3,126

 

Net Income (Loss) Attributable to Iron Mountain Incorporated

 

$

171,708

 

$

405,692

 

$

28,750

 

$

68,765

 

$

(503,207

)

$

171,708

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

$

171,708

 

$

405,692

 

$

28,750

 

$

71,891

 

$

(503,207

)

$

174,834

 

Other Comprehensive Income (Loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Currency Translation Adjustments

 

(2,668

)

(212

)

8,012

 

18,054

 

 

23,186

 

Equity in Other Comprehensive Income (Loss) of Subsidiaries

 

25,185

 

25,421

 

 

8,012

 

(58,618

)

 

Total Other Comprehensive Income (Loss)

 

22,517

 

25,209

 

8,012

 

26,066

 

(58,618

)

23,186

 

Comprehensive Income (Loss)

 

194,225

 

430,901

 

36,762

 

97,957

 

(561,825

)

198,020

 

Comprehensive Income (Loss) Attributable to Noncontrolling Interests

 

 

 

 

3,795

 

 

3,795

 

Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated

 

$

194,225

 

$

430,901

 

$

36,762

 

$

94,162

 

$

(561,825

)

$

194,225

 

 

4



 

 IRON MOUNTAIN INCORPORATED

 

CONSOLIDATING PRO FORMA STATEMENT OF OPERATIONS

 

(Unaudited)

 

 

 

Six Months Ended June 30, 2013

 

 

 

 

 

 

 

Canada

 

Non-

 

 

 

 

 

 

 

Parent

 

Guarantors

 

Company

 

Guarantors

 

Eliminations

 

Consolidated

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

Storage Rental

 

$

 

$

584,447

 

$

65,799

 

$

233,794

 

$

 

$

884,040

 

Service

 

 

379,354

 

 

238,358

 

 

617,712

 

Total Revenues

 

 

963,801

 

65,799

 

472,152

 

 

1,501,752

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales (Excluding Depreciation and Amortization)

 

 

386,291

 

14,138

 

241,703

 

 

642,132

 

Selling, General and Administrative

 

63

 

318,855

 

8,945

 

120,119

 

 

447,982

 

Depreciation and Amortization

 

162

 

95,682

 

6,339

 

56,946

 

 

159,129

 

(Gain) Loss on Disposal/Write-down of Property, Plant and Equipment, Net

 

 

(488

)

21

 

(1,735

)

 

(2,202

)

Total Operating Expenses

 

225

 

800,340

 

29,443

 

417,033

 

 

1,247,041

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating (Loss) Income

 

(225

)

163,461

 

36,356

 

55,119

 

 

254,711

 

Interest Expense (Income), Net

 

103,360

 

(12,122

)

20,956

 

13,977

 

 

126,171

 

Other (Income) Expense, Net

 

(29,204

)

(1,252

)

(46

)

48,516

 

 

18,014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes

 

(74,381

)

176,835

 

15,446

 

(7,374

)

 

110,526

 

Provision (Benefit) for Income Taxes

 

 

51,991

 

5,135

 

7,512

 

 

64,638

 

Equity in the (Earnings) Losses of Subsidiaries, Net of Tax

 

(120,331

)

6,670

 

(3,603

)

(10,311

)

127,575

 

 

Income (Loss) from Continuing Operations

 

45,950

 

118,174

 

13,914

 

(4,575

)

(127,575

)

45,888

 

Income (Loss) from Discontinued Operations, Net of Tax

 

 

105

 

 

1,981

 

 

2,086

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

45,950

 

118,279

 

13,914

 

(2,594

)

(127,575

)

47,974

 

Less: Net Income (Loss) Attributable to Noncontrolling Interests

 

 

 

 

2,024

 

 

2,024

 

Net Income (Loss) Attributable to Iron Mountain Incorporated

 

$

45,950

 

$

118,279

 

$

13,914

 

$

(4,618

)

$

(127,575

)

$

45,950

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

$

45,950

 

$

118,279

 

$

13,914

 

$

(2,594

)

$

(127,575

)

$

47,974

 

Other Comprehensive Income (Loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Currency Translation Adjustments

 

1,277

 

965

 

(18,491

)

(26,585

)

 

(42,834

)

Equity in Other Comprehensive (Loss) Income of Subsidiaries

 

(43,288

)

(44,075

)

 

(18,491

)

105,854

 

 

Total Other Comprehensive (Loss) Income

 

(42,011

)

(43,110

)

(18,491

)

(45,076

)

105,854

 

(42,834

)

Comprehensive Income (Loss)

 

3,939

 

75,169

 

(4,577

)

(47,670

)

(21,721

)

5,140

 

Comprehensive Income (Loss) Attributable to Noncontrolling Interests

 

 

 

 

1,201

 

 

1,201

 

Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated

 

$

3,939

 

$

75,169

 

$

(4,577

)

$

(48,871

)

$

(21,721

)

$

3,939

 

 

5



 

IRON MOUNTAIN INCORPORATED

 

CONSOLIDATING PRO FORMA STATEMENT OF CASH FLOWS

 

(Unaudited)

 

 

 

Year Ended December 31, 2012

 

 

 

 

 

 

 

Canada

 

Non-

 

 

 

 

 

 

 

Parent

 

Guarantors

 

Company

 

Guarantors

 

Eliminations

 

Consolidated

 

Cash Flows from Operating Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash Flows from Operating Activities-Continuing Operations

 

$

(195,478

)

$

496,542

 

$

37,299

 

$

105,289

 

$

 

$

443,652

 

Cash Flows from Operating Activities-Discontinued Operations

 

 

(8,814

)

 

(2,102

)

 

(10,916

)

Cash Flows from Operating Activities

 

(195,478

)

487,728

 

37,299

 

103,187

 

 

432,736

 

Cash Flows from Investing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

 

(134,852

)

(8,454

)

(97,377

)

 

(240,683

)

Cash paid for acquisitions, net of cash acquired

 

 

(28,126

)

 

(97,008

)

 

(125,134

)

Intercompany loans to subsidiaries

 

88,376

 

(110,142

)

 

 

21,766

 

 

Investment in subsidiaries

 

(37,572

)

(37,572

)

 

 

75,144

 

 

Investment in restricted cash

 

1,498

 

 

 

 

 

1,498

 

Additions to customer relationship and acquisition costs

 

 

(23,543

)

(2,132

)

(3,197

)

 

(28,872

)

Investment in joint ventures

 

(2,330

)

 

 

 

 

(2,330

)

Proceeds from sales of property and equipment and other, net

 

 

(1,739

)

5

 

3,191

 

 

1,457

 

Cash Flows from Investing Activities-Continuing Operations

 

49,972

 

(335,974

)

(10,581

)

(194,391

)

96,910

 

(394,064

)

Cash Flows from Investing Activities-Discontinued Operations

 

 

(1,982

)

 

(4,154

)

 

(6,136

)

Cash Flows from Investing Activities

 

49,972

 

(337,956

)

(10,581

)

(198,545

)

96,910

 

(400,200

)

Cash Flows from Financing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Repayment of revolving credit and term loan facilities and other debt

 

 

(2,774,070

)

(58

)

(70,565

)

 

(2,844,693

)

Proceeds from revolving credit and term loan facilities and other debt

 

 

2,680,107

 

 

51,078

 

 

2,731,185

 

Early retirement of senior subordinated notes

 

(525,834

)

 

 

 

 

(525,834

)

Net proceeds from sales of senior subordinated notes

 

985,000

 

 

 

 

 

985,000

 

Debt financing (repayment to) and equity contribution from (distribution to) noncontrolling interests, net

 

 

 

 

480

 

 

480

 

Intercompany loans from parent

 

 

(89,878

)

4,861

 

106,783

 

(21,766

)

 

Equity contribution from parent

 

 

37,572

 

 

37,572

 

(75,144

)

 

Stock repurchases

 

(38,052

)

 

 

 

 

(38,052

)

Parent cash dividends

 

(318,845

)

 

 

 

 

(318,845

)

Proceeds from exercise of stock options and employee stock purchase plan

 

40,244

 

 

 

 

 

40,244

 

Excess tax benefits from stock-based compensation

 

1,045

 

 

 

 

 

1,045

 

Payment of debt finacing costs

 

(1,480

)

(781

)

 

 

 

(2,261

)

Cash Flows from Financing Activities-Continuing Operations

 

142,078

 

(147,050

)

4,803

 

125,348

 

(96,910

)

28,269

 

Cash Flows from Financing Activities-Discontinued Operations

 

 

 

 

(39

)

 

(39

)

Cash Flows from Financing Activities

 

142,078

 

(147,050

)

4,803

 

125,309

 

(96,910

)

28,230

 

Effect of exchange rates on cash and cash equivalents

 

 

 

1,880

 

924

 

 

2,804

 

(Decrease) Increase in cash and cash equivalents

 

(3,428

)

2,722

 

33,401

 

30,875

 

 

63,570

 

Cash and cash equivalents, beginning of period

 

3,428

 

10,750

 

69,945

 

95,722

 

 

179,845

 

Cash and cash equivalents, end of period

 

$

 

$

13,472

 

$

103,346

 

$

126,597

 

$

 

$

243,415

 

 

6



 

IRON MOUNTAIN INCORPORATED

 

CONSOLIDATING PRO FORMA STATEMENT OF CASH FLOWS

 

(Unaudited)

 

 

 

Six Months Ended June 30, 2013

 

 

 

 

 

 

 

Canada

 

Non-

 

 

 

 

 

 

 

Parent

 

Guarantors

 

Company

 

Guarantors

 

Eliminations

 

Consolidated

 

Cash Flows from Operating Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash Flows from Operating Activities-Continuing Operations

 

$

(90,898

)

$

227,437

 

$

13,395

 

$

63,014

 

$

 

$

212,948

 

Cash Flows from Operating Activities-Discontinued Operations

 

 

(129

)

 

1,082

 

 

953

 

Cash Flows from Operating Activities

 

(90,898

)

227,308

 

13,395

 

64,096

 

 

213,901

 

Cash Flows from Investing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

 

(104,352

)

(1,811

)

(52,077

)

 

(158,240

)

Cash paid for acquisitions, net of cash acquired

 

 

(23,338

)

 

(29,454

)

 

(52,792

)

Intercompany loans to subsidiaries

 

193,217

 

(11,865

)

 

 

(181,352

)

 

Investment in subsidiaries

 

(16,300

)

(16,300

)

 

 

32,600

 

 

Investment in restricted cash

 

(1

)

 

 

 

 

(1

)

Additions to customer relationship and acquisition costs

 

 

(5,885

)

(290

)

(2,086

)

 

(8,261

)

Proceeds from sales of property and equipment and other, net

 

 

12

 

(3,191

)

6,078

 

 

2,899

 

Cash Flows from Investing Activities-Continuing Operations

 

176,916

 

(161,728

)

(5,292

)

(77,539

)

(148,752

)

(216,395

)

Cash Flows from Investing Activities-Discontinued Operations

 

 

(18

)

 

 

 

(18

)

Cash Flows from Investing Activities

 

176,916

 

(161,746

)

(5,292

)

(77,539

)

(148,752

)

(216,413

)

Cash Flows from Financing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Repayment of revolving credit and term loan facilities and other debt

 

 

(975,507

)

(29

)

(11,630

)

 

(987,166

)

Proceeds from revolving credit and term loan facilities and other debt

 

 

1,076,791

 

 

23,148

 

 

1,099,939

 

Debt financing (repayment to) and equity contribution from (distribution to) noncontrolling interests, net

 

 

 

 

874

 

 

874

 

Intercompany loans from parent

 

 

(191,997

)

1,921

 

8,724

 

181,352

 

 

Equity contribution from parent

 

 

16,300

 

 

16,300

 

(32,600

)

 

Parent cash dividends

 

(103,309

)

 

 

 

 

(103,309

)

Proceeds from exercise of stock options and employee stock purchase plan

 

14,897

 

 

 

 

 

14,897

 

Excess tax benefits from stock-based compensation

 

2,394

 

 

 

 

 

2,394

 

Payment of debt financing costs

 

 

(469

)

 

(242

)

 

(711

)

Cash Flows from Financing Activities-Continuing Operations

 

(86,018

)

(74,882

)

1,892

 

37,174

 

148,752

 

26,918

 

Cash Flows from Financing Activities-Discontinued Operations

 

 

 

 

 

 

 

Cash Flows from Financing Activities

 

(86,018

)

(74,882

)

1,892

 

37,174

 

148,752

 

26,918

 

Effect of exchange rates on cash and cash equivalents

 

 

 

(5,754

)

(3,201

)

 

(8,955

)

(Decrease) Increase in cash and cash equivalents

 

 

(9,320

)

4,241

 

20,530

 

 

15,451

 

Cash and cash equivalents, beginning of period

 

 

13,472

 

103,346

 

126,597

 

 

243,415

 

Cash and cash equivalents, end of period

 

$

 

$

4,152

 

$

107,587

 

$

147,127

 

$

 

$

258,866

 

 

7