Consolidating Financial Information | 6 Months Ended |
Jun. 30, 2014 |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' |
Consolidating Financial Information | ' |
Consolidating Financial Information |
Spectra Energy Corp has agreed to fully and unconditionally guarantee the payment of principal and interest under all series of notes outstanding under the Senior Indenture of Spectra Capital, a 100%-owned, consolidated subsidiary. In accordance with Securities and Exchange Commission (SEC) rules, the following condensed consolidating financial information is presented. The information shown for Spectra Energy Corp and Spectra Capital is presented utilizing the equity method of accounting for investments in subsidiaries, as required. The non-guarantor subsidiaries column represents all consolidated subsidiaries of Spectra Capital. This information should be read in conjunction with our accompanying Condensed Consolidated Financial Statements and notes thereto. |
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Spectra Energy Corp |
Condensed Consolidating Statements of Operations |
(Unaudited) |
(In millions) |
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| Spectra | | Spectra | | Non-Guarantor | | Eliminations | | Consolidated |
Energy | Capital | Subsidiaries |
Corp | | |
Three Months Ended June 30, 2014 | | | | | | | | | |
Total operating revenues | $ | — | | | $ | — | | | $ | 1,253 | | | $ | — | | | $ | 1,253 | |
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Total operating expenses | — | | | 1 | | | 914 | | | — | | | 915 | |
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Operating income (loss) | — | | | (1 | ) | | 339 | | | — | | | 338 | |
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Equity in earnings of unconsolidated affiliates | — | | | — | | | 85 | | | — | | | 85 | |
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Equity in earnings of consolidated subsidiaries | 125 | | | 264 | | | — | | | (389 | ) | | — | |
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Other income and expenses, net | (1 | ) | | — | | | 7 | | | — | | | 6 | |
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Interest expense | — | | | 66 | | | 110 | | | — | | | 176 | |
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Earnings before income taxes | 124 | | | 197 | | | 321 | | | (389 | ) | | 253 | |
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Income tax expense (benefit) | (22 | ) | | 72 | | | 15 | | | — | | | 65 | |
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Net income | 146 | | | 125 | | | 306 | | | (389 | ) | | 188 | |
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Net income—noncontrolling interests | — | | | — | | | 42 | | | — | | | 42 | |
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Net income—controlling interests | $ | 146 | | | $ | 125 | | | $ | 264 | | | $ | (389 | ) | | $ | 146 | |
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Three Months Ended June 30, 2013 | | | | | | | | | |
Total operating revenues | $ | — | | | $ | — | | | $ | 1,220 | | | $ | — | | | $ | 1,220 | |
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Total operating expenses | 1 | | | — | | | 865 | | | — | | | 866 | |
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Operating income (loss) | (1 | ) | | — | | | 355 | | | — | | | 354 | |
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Equity in earnings of unconsolidated affiliates | — | | | — | | | 72 | | | — | | | 72 | |
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Equity in earnings of consolidated subsidiaries | 194 | | | 317 | | | — | | | (511 | ) | | — | |
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Other income and expenses, net | (1 | ) | | 1 | | | 22 | | | — | | | 22 | |
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Interest expense | — | | | 51 | | | 109 | | | — | | | 160 | |
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Earnings before income taxes | 192 | | | 267 | | | 340 | | | (511 | ) | | 288 | |
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Income tax expense (benefit) | (7 | ) | | 73 | | | (4 | ) | | — | | | 62 | |
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Net income | 199 | | | 194 | | | 344 | | | (511 | ) | | 226 | |
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Net income—noncontrolling interests | — | | | — | | | 27 | | | — | | | 27 | |
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Net income—controlling interests | $ | 199 | | | $ | 194 | | | $ | 317 | | | $ | (511 | ) | | $ | 199 | |
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Spectra Energy Corp |
Condensed Consolidating Statements of Operations |
(Unaudited) |
(In millions) |
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| Spectra | | Spectra | | Non-Guarantor | | Eliminations | | Consolidated |
Energy | Capital | Subsidiaries |
Corp | | |
Six Months Ended June 30, 2014 | | | | | | | | | |
Total operating revenues | $ | — | | | $ | — | | | $ | 3,097 | | | $ | (1 | ) | | $ | 3,096 | |
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Total operating expenses | 4 | | | 1 | | | 2,115 | | | (1 | ) | | 2,119 | |
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Operating income (loss) | (4 | ) | | (1 | ) | | 982 | | | — | | | 977 | |
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Equity in earnings of unconsolidated affiliates | — | | | — | | | 246 | | | — | | | 246 | |
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Equity in earnings of consolidated subsidiaries | 540 | | | 899 | | | — | | | (1,439 | ) | | — | |
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Other income and expenses, net | (2 | ) | | 1 | | | 16 | | | — | | | 15 | |
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Interest expense | — | | | 131 | | | 223 | | | — | | | 354 | |
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Earnings before income taxes | 534 | | | 768 | | | 1,021 | | | (1,439 | ) | | 884 | |
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Income tax expense (benefit) | (31 | ) | | 228 | | | 32 | | | — | | | 229 | |
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Net income | 565 | | | 540 | | | 989 | | | (1,439 | ) | | 655 | |
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Net income—noncontrolling interests | — | | | — | | | 90 | | | — | | | 90 | |
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Net income—controlling interests | $ | 565 | | | $ | 540 | | | $ | 899 | | | $ | (1,439 | ) | | $ | 565 | |
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Six Months Ended June 30, 2013 | | | | | | | | | |
Total operating revenues | $ | — | | | $ | — | | | $ | 2,810 | | | $ | (1 | ) | | $ | 2,809 | |
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Total operating expenses | 3 | | | — | | | 1,947 | | | (1 | ) | | 1,949 | |
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Operating income (loss) | (3 | ) | | — | | | 863 | | | — | | | 860 | |
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Equity in earnings of unconsolidated affiliates | — | | | — | | | 182 | | | — | | | 182 | |
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Equity in earnings of consolidated subsidiaries | 531 | | | 826 | | | — | | | (1,357 | ) | | — | |
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Other income and expenses, net | (3 | ) | | 4 | | | 54 | | | — | | | 55 | |
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Interest expense | — | | | 99 | | | 210 | | | — | | | 309 | |
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Earnings before income taxes | 525 | | | 731 | | | 889 | | | (1,357 | ) | | 788 | |
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Income tax expense (benefit) | (14 | ) | | 200 | | | 6 | | | — | | | 192 | |
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Net income | 539 | | | 531 | | | 883 | | | (1,357 | ) | | 596 | |
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Net income—noncontrolling interests | — | | | — | | | 57 | | | — | | | 57 | |
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Net income—controlling interests | $ | 539 | | | $ | 531 | | | $ | 826 | | | $ | (1,357 | ) | | $ | 539 | |
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Spectra Energy Corp |
Condensed Consolidating Statements of Comprehensive Income |
(Unaudited) |
(In millions) |
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| Spectra | | Spectra | | Non-Guarantor | | Eliminations | | Consolidated |
Energy | Capital | Subsidiaries |
Corp | | |
Three Months Ended June 30, 2014 | | | | | | | | | |
Net income | $ | 146 | | | $ | 125 | | | $ | 306 | | | $ | (389 | ) | | $ | 188 | |
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Other comprehensive income | 2 | | | — | | | 229 | | | — | | | 231 | |
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Total comprehensive income, net of tax | 148 | | | 125 | | | 535 | | | (389 | ) | | 419 | |
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Less: comprehensive income—noncontrolling interests | — | | | — | | | 45 | | | — | | | 45 | |
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Comprehensive income—controlling interests | $ | 148 | | | $ | 125 | | | $ | 490 | | | $ | (389 | ) | | $ | 374 | |
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Three Months Ended June 30, 2013 | | | | | | | | | |
Net income | $ | 199 | | | $ | 194 | | | $ | 344 | | | $ | (511 | ) | | $ | 226 | |
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Other comprehensive income (loss) | 3 | | | 1 | | | (244 | ) | | — | | | (240 | ) |
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Total comprehensive income (loss), net of tax | 202 | | | 195 | | | 100 | | | (511 | ) | | (14 | ) |
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Less: comprehensive income—noncontrolling interests | — | | | — | | | 25 | | | — | | | 25 | |
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Comprehensive income (loss)—controlling interests | $ | 202 | | | $ | 195 | | | $ | 75 | | | $ | (511 | ) | | $ | (39 | ) |
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Six Months Ended June 30, 2014 | | | | | | | | | |
Net income | $ | 565 | | | $ | 540 | | | $ | 989 | | | $ | (1,439 | ) | | $ | 655 | |
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Other comprehensive income (loss) | 4 | | | — | | | (10 | ) | | — | | | (6 | ) |
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Total comprehensive income, net of tax | 569 | | | 540 | | | 979 | | | (1,439 | ) | | 649 | |
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Less: comprehensive income—noncontrolling interests | — | | | — | | | 89 | | | — | | | 89 | |
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Comprehensive income—controlling interests | $ | 569 | | | $ | 540 | | | $ | 890 | | | $ | (1,439 | ) | | $ | 560 | |
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Six Months Ended June 30, 2013 | | | | | | | | | |
Net income | $ | 539 | | | $ | 531 | | | $ | 883 | | | $ | (1,357 | ) | | $ | 596 | |
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Other comprehensive income (loss) | 7 | | | 1 | | | (420 | ) | | — | | | (412 | ) |
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Total comprehensive income, net of tax | 546 | | | 532 | | | 463 | | | (1,357 | ) | | 184 | |
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Less: comprehensive income—noncontrolling interests | — | | | — | | | 52 | | | — | | | 52 | |
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Comprehensive income—controlling interests | $ | 546 | | | $ | 532 | | | $ | 411 | | | $ | (1,357 | ) | | $ | 132 | |
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Spectra Energy Corp |
Condensed Consolidating Balance Sheet |
June 30, 2014 |
(Unaudited) |
(In millions) |
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| | | | | | | | | | | | | | | | | | | |
| Spectra | | Spectra | | Non-Guarantor | | Eliminations | | Consolidated |
Energy | Capital | Subsidiaries |
Corp | | |
Cash and cash equivalents | $ | — | | | $ | 2 | | | $ | 298 | | | $ | — | | | $ | 300 | |
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Receivables—consolidated subsidiaries | 20 | | | — | | | 9 | | | (29 | ) | | — | |
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Receivables—other | 1 | | | — | | | 1,221 | | | — | | | 1,222 | |
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Other current assets | 15 | | | 11 | | | 657 | | | — | | | 683 | |
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Total current assets | 36 | | | 13 | | | 2,185 | | | (29 | ) | | 2,205 | |
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Investments in and loans to unconsolidated | — | | | — | | | 2,803 | | | — | | | 2,803 | |
affiliates |
Investments in consolidated subsidiaries | 14,574 | | | 20,993 | | | — | | | (35,567 | ) | | — | |
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Advances receivable—consolidated subsidiaries | — | | | 4,417 | | | 755 | | | (5,172 | ) | | — | |
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Notes receivable—consolidated subsidiaries | — | | | — | | | 3,215 | | | (3,215 | ) | | — | |
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Goodwill | — | | | — | | | 4,841 | | | — | | | 4,841 | |
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Other assets | 42 | | | 30 | | | 326 | | | — | | | 398 | |
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Property, plant and equipment, net | — | | | — | | | 22,260 | | | — | | | 22,260 | |
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Regulatory assets and deferred debits | 3 | | | 15 | | | 1,421 | | | — | | | 1,439 | |
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Total Assets | $ | 14,655 | | | $ | 25,468 | | | $ | 37,806 | | | $ | (43,983 | ) | | $ | 33,946 | |
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Accounts payable—other | $ | 3 | | | $ | 1 | | | $ | 514 | | | $ | — | | | $ | 518 | |
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Accounts payable—consolidated subsidiaries | — | | | 11 | | | 18 | | | (29 | ) | | — | |
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Commercial paper | — | | | 220 | | | 549 | | | — | | | 769 | |
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Short-term borrowings—consolidated | — | | | 415 | | | — | | | (415 | ) | | — | |
subsidiaries |
Taxes accrued | 2 | | | — | | | 101 | | | — | | | 103 | |
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Current maturities of long-term debt | — | | | 408 | | | 88 | | | — | | | 496 | |
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Other current liabilities | 64 | | | 75 | | | 1,131 | | | — | | | 1,270 | |
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Total current liabilities | 69 | | | 1,130 | | | 2,401 | | | (444 | ) | | 3,156 | |
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Long-term debt | — | | | 2,899 | | | 10,242 | | | — | | | 13,141 | |
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Advances payable—consolidated subsidiaries | 5,172 | | | — | | | — | | | (5,172 | ) | | — | |
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Notes payable—consolidated subsidiaries | — | | | 2,800 | | | — | | | (2,800 | ) | | — | |
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Deferred credits and other liabilities | 762 | | | 4,065 | | | 1,819 | | | — | | | 6,646 | |
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Preferred stock of subsidiaries | — | | | — | | | 258 | | | — | | | 258 | |
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Equity | | | | | | | | | |
Controlling interests | 8,652 | | | 14,574 | | | 20,993 | | | (35,567 | ) | | 8,652 | |
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Noncontrolling interests | — | | | — | | | 2,093 | | | — | | | 2,093 | |
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Total equity | 8,652 | | | 14,574 | | | 23,086 | | | (35,567 | ) | | 10,745 | |
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Total Liabilities and Equity | $ | 14,655 | | | $ | 25,468 | | | $ | 37,806 | | | $ | (43,983 | ) | | $ | 33,946 | |
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Spectra Energy Corp |
Condensed Consolidating Balance Sheet |
December 31, 2013 |
(Unaudited) |
(In millions) |
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| Spectra | | Spectra | | Non-Guarantor | | Eliminations | | Consolidated |
Energy | Capital | Subsidiaries |
Corp | | |
Cash and cash equivalents | $ | — | | | $ | 12 | | | $ | 189 | | | $ | — | | | $ | 201 | |
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Receivables—consolidated subsidiaries | 176 | | | 394 | | | — | | | (570 | ) | | — | |
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Receivables—other | 1 | | | — | | | 1,335 | | | — | | | 1,336 | |
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Other current assets | 40 | | | 15 | | | 489 | | | — | | | 544 | |
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Total current assets | 217 | | | 421 | | | 2,013 | | | (570 | ) | | 2,081 | |
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Investments in and loans to unconsolidated | — | | | — | | | 3,043 | | | — | | | 3,043 | |
affiliates |
Investments in consolidated subsidiaries | 13,244 | | | 19,403 | | | — | | | (32,647 | ) | | — | |
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Advances receivable—consolidated subsidiaries | — | | | 4,038 | | | 677 | | | (4,715 | ) | | — | |
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Notes receivable—consolidated subsidiaries | — | | | — | | | 3,215 | | | (3,215 | ) | | — | |
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Goodwill | — | | | — | | | 4,810 | | | — | | | 4,810 | |
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Other assets | 39 | | | 30 | | | 316 | | | — | | | 385 | |
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Property, plant and equipment, net | — | | | — | | | 21,829 | | | — | | | 21,829 | |
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Regulatory assets and deferred debits | 3 | | | 17 | | | 1,365 | | | — | | | 1,385 | |
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Total Assets | $ | 13,503 | | | $ | 23,909 | | | $ | 37,268 | | | $ | (41,147 | ) | | $ | 33,533 | |
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Accounts payable—other | $ | 4 | | | $ | — | | | $ | 436 | | | $ | — | | | $ | 440 | |
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Accounts payable—consolidated subsidiaries | 89 | | | — | | | 481 | | | (570 | ) | | — | |
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Commercial paper | — | | | 344 | | | 688 | | | — | | | 1,032 | |
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Short-term borrowings—consolidated | — | | | 415 | | | — | | | (415 | ) | | — | |
subsidiaries |
Taxes accrued | 4 | | | — | | | 68 | | | — | | | 72 | |
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Current maturities of long-term debt | — | | | 557 | | | 640 | | | — | | | 1,197 | |
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Other current liabilities | 81 | | | 75 | | | 1,142 | | | — | | | 1,298 | |
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Total current liabilities | 178 | | | 1,391 | | | 3,455 | | | (985 | ) | | 4,039 | |
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Long-term debt | — | | | 2,605 | | | 9,883 | | | — | | | 12,488 | |
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Advances payable—consolidated subsidiaries | 4,715 | | | — | | | — | | | (4,715 | ) | | — | |
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Notes payable—consolidated subsidiaries | — | | | 2,800 | | | — | | | (2,800 | ) | | — | |
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Deferred credits and other liabilities | 116 | | | 3,869 | | | 2,440 | | | — | | | 6,425 | |
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Preferred stock of subsidiaries | — | | | — | | | 258 | | | — | | | 258 | |
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Equity | | | | | | | | | |
Controlling interests | 8,494 | | | 13,244 | | | 19,403 | | | (32,647 | ) | | 8,494 | |
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Noncontrolling interests | — | | | — | | | 1,829 | | | — | | | 1,829 | |
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Total equity | 8,494 | | | 13,244 | | | 21,232 | | | (32,647 | ) | | 10,323 | |
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Total Liabilities and Equity | $ | 13,503 | | | $ | 23,909 | | | $ | 37,268 | | | $ | (41,147 | ) | | $ | 33,533 | |
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Spectra Energy Corp |
Condensed Consolidating Statement of Cash Flows |
Six Months Ended June 30, 2014 |
(Unaudited) |
(In millions) |
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| Spectra | | Spectra | | Non-Guarantor | | Eliminations | | Consolidated |
Energy | Capital | Subsidiaries |
Corp | | |
CASH FLOWS FROM OPERATING ACTIVITIES | | | | | | | | | |
Net income | $ | 565 | | | $ | 540 | | | $ | 989 | | | $ | (1,439 | ) | | $ | 655 | |
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Adjustments to reconcile net income to net cash provided by (used in) operating activities: | | | | | | | | | |
Depreciation and amortization | — | | | — | | | 405 | | | — | | | 405 | |
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Equity in earnings of unconsolidated affiliates | — | | | — | | | (246 | ) | | — | | | (246 | ) |
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Equity in earnings of consolidated subsidiaries | (540 | ) | | (899 | ) | | — | | | 1,439 | | | — | |
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Distributions received from unconsolidated affiliates | — | | | — | | | 199 | | | — | | | 199 | |
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Other | (36 | ) | | 229 | | | 3 | | | — | | | 196 | |
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Net cash provided by (used in) operating activities | (11 | ) | | (130 | ) | | 1,350 | | | — | | | 1,209 | |
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CASH FLOWS FROM INVESTING ACTIVITIES | | | | | | | | | |
Capital expenditures | — | | | — | | | (833 | ) | | — | | | (833 | ) |
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Investments in and loans to unconsolidated | — | | | — | | | (30 | ) | | — | | | (30 | ) |
affiliates |
Purchases of held-to-maturity securities | — | | | — | | | (437 | ) | | — | | | (437 | ) |
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Proceeds from sales and maturities of held-to-maturity securities | — | | | — | | | 453 | | | — | | | 453 | |
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Purchases of available-for-sale securities | — | | | — | | | (13 | ) | | — | | | (13 | ) |
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Proceeds from sales and maturities of available-for-sale securities | — | | | — | | | 7 | | | — | | | 7 | |
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Distributions received from unconsolidated | — | | | — | | | 242 | | | — | | | 242 | |
affiliates |
Advances from affiliates | 85 | | | 91 | | | — | | | (176 | ) | | — | |
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Other changes in restricted funds | — | | | — | | | (1 | ) | | — | | | (1 | ) |
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Net cash provided by (used in) investing activities | 85 | | | 91 | | | (612 | ) | | (176 | ) | | (612 | ) |
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CASH FLOWS FROM FINANCING ACTIVITIES | | | | | | | | | |
Proceeds from the issuance of long-term debt | — | | | 300 | | | 412 | | | — | | | 712 | |
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Payments for the redemption of long-term debt | — | | | (148 | ) | | (588 | ) | | — | | | (736 | ) |
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Net decrease in commercial paper | — | | | (124 | ) | | (132 | ) | | — | | | (256 | ) |
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Distributions to noncontrolling interests | — | | | — | | | (81 | ) | | — | | | (81 | ) |
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Contributions from noncontrolling interests | — | | | — | | | 112 | | | — | | | 112 | |
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Dividends paid on common stock | (453 | ) | | — | | | — | | | — | | | (453 | ) |
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Proceeds from the issuance of SEP common units | — | | | — | | | 191 | | | — | | | 191 | |
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Distributions and advances from (to) affiliates | 366 | | | 1 | | | (543 | ) | | 176 | | | — | |
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Other | 13 | | | — | | | (1 | ) | | — | | | 12 | |
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Net cash provided by (used in) financing activities | (74 | ) | | 29 | | | (630 | ) | | 176 | | | (499 | ) |
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Effect of exchange rate changes on cash | — | | | — | | | 1 | | | — | | | 1 | |
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Net increase (decrease) in cash and cash equivalents | — | | | (10 | ) | | 109 | | | — | | | 99 | |
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Cash and cash equivalents at beginning of period | — | | | 12 | | | 189 | | | — | | | 201 | |
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Cash and cash equivalents at end of period | $ | — | | | $ | 2 | | | $ | 298 | | | $ | — | | | $ | 300 | |
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Spectra Energy Corp |
Condensed Consolidating Statement of Cash Flows |
Six Months Ended June 30, 2013 |
(Unaudited) |
(In millions) |
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| Spectra | | Spectra | | Non-Guarantor | | Eliminations | | Consolidated |
Energy | Capital | Subsidiaries |
Corp | | |
CASH FLOWS FROM OPERATING ACTIVITIES | | | | | | | | | |
Net income | $ | 539 | | | $ | 531 | | | $ | 883 | | | $ | (1,357 | ) | | $ | 596 | |
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Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Depreciation and amortization | — | | | — | | | 388 | | | — | | | 388 | |
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Equity in earnings of unconsolidated affiliates | — | | | — | | | (182 | ) | | — | | | (182 | ) |
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Equity in earnings of consolidated subsidiaries | (531 | ) | | (826 | ) | | — | | | 1,357 | | | — | |
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Distributions received from unconsolidated affiliates | — | | | — | | | 147 | | | — | | | 147 | |
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Other | (7 | ) | | 335 | | | (77 | ) | | — | | | 251 | |
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Net cash provided by operating activities | 1 | | | 40 | | | 1,159 | | | — | | | 1,200 | |
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CASH FLOWS FROM INVESTING ACTIVITIES | | | | | | | | | |
Capital expenditures | — | | | — | | | (959 | ) | | — | | | (959 | ) |
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Investments in and loans to unconsolidated affiliates | — | | | — | | | (168 | ) | | — | | | (168 | ) |
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Acquisitions, net of cash acquired | — | | | — | | | (1,254 | ) | | — | | | (1,254 | ) |
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Purchases of held-to-maturity securities | — | | | — | | | (456 | ) | | — | | | (456 | ) |
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Proceeds from sales and maturities of held-to-maturity securities | — | | | — | | | 463 | | | — | | | 463 | |
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Purchases of available-for-securities | — | | | — | | | (2,899 | ) | | — | | | (2,899 | ) |
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Proceeds from sales and maturities of available-for-sale securities | — | | | — | | | 2,722 | | | — | | | 2,722 | |
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Distributions received from unconsolidated affiliates | — | | | — | | | 13 | | | — | | | 13 | |
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Advances from (to) affiliates | 156 | | | (589 | ) | | — | | | 433 | | | — | |
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Other changes in restricted funds | — | | | — | | | 1 | | | — | | | 1 | |
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Other | — | | | — | | | 2 | | | — | | | 2 | |
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Net cash provided by (used in) investing activities | 156 | | | (589 | ) | | (2,535 | ) | | 433 | | | (2,535 | ) |
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CASH FLOWS FROM FINANCING ACTIVITIES | | | | | | | | | |
Proceeds from the issuance of long-term debt | — | | | 1,848 | | | — | | | — | | | 1,848 | |
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Payments for the redemption of long-term debt | — | | | (495 | ) | | (51 | ) | | — | | | (546 | ) |
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Net increase (decrease) in commercial paper | — | | | 615 | | | (175 | ) | | — | | | 440 | |
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Net decrease in short-term borrowings—consolidated subsidiaries | — | | | (9 | ) | | — | | | 9 | | | — | |
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Distributions to noncontrolling interests | — | | | — | | | (69 | ) | | — | | | (69 | ) |
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Dividends paid on common stock | (412 | ) | | — | | | — | | | — | | | (412 | ) |
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Proceeds from the issuance of SEP common units | — | | | — | | | 190 | | | — | | | 190 | |
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Distributions and advances from (to) affiliates | 240 | | | (1,405 | ) | | 1,607 | | | (442 | ) | | — | |
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Other | 15 | | | (6 | ) | | 1 | | | — | | | 10 | |
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Net cash provided by (used in) financing activities | (157 | ) | | 548 | | | 1,503 | | | (433 | ) | | 1,461 | |
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Effect of exchange rate changes on cash | — | | | — | | | (3 | ) | | — | | | (3 | ) |
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Net increase (decrease) in cash and cash equivalents | — | | | (1 | ) | | 124 | | | — | | | 123 | |
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Cash and cash equivalents at beginning of period | — | | | 3 | | | 91 | | | — | | | 94 | |
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Cash and cash equivalents at end of period | $ | — | | | $ | 2 | | | $ | 215 | | | $ | — | | | $ | 217 | |
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