Subsidiary Guarantor Financial Information (Tables) | 3 Months Ended |
Mar. 31, 2015 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Schedule of Condensed Balance Sheet | |
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| 31-Mar-15 |
| (In thousands) |
Condensed Consolidating Balance Sheets | Parent | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Molycorp, Inc. consolidated |
Current assets: | | | | | | | | | |
Cash and cash equivalents | $ | 21,500 | | | $ | 6,399 | | | $ | 105,700 | | | $ | — | | | $ | 133,599 | |
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Trade accounts receivable, net | — | | | 2,588 | | | 45,109 | | | — | | | 47,697 | |
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Inventory | — | | | 41,057 | | | 139,753 | | | — | | | 180,810 | |
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Prepaid expenses and other current assets | 1,000 | | | 10,644 | | | 24,369 | | | — | | | 36,013 | |
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Total current assets | 22,500 | | | 60,688 | | | 314,931 | | | — | | | 398,119 | |
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Non-current assets: | | | | | | | | | |
Deposits | 1,756 | | | 29,457 | | | — | | | — | | | 31,213 | |
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Property, plant and equipment, net | — | | | 1,557,738 | | | 133,313 | | | — | | | 1,691,051 | |
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Inventory | — | | | 24,724 | | | — | | | — | | | 24,724 | |
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Intangible assets, net | — | | | 360 | | | 211,366 | | | — | | | 211,726 | |
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Investments | — | | | — | | | 7,793 | | | — | | | 7,793 | |
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Goodwill | — | | | — | | | 102,808 | | | — | | | 102,808 | |
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Investments in consolidated subsidiaries | — | | | 90,398 | | | — | | | (90,398 | ) | | — | |
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Intercompany accounts receivable | 2,065,509 | | | — | | | — | | | (2,065,509 | ) | | — | |
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Other non-current assets | 14,981 | | | 7,284 | | | 5,085 | | | — | | | 27,350 | |
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Total non-current assets | 2,082,246 | | | 1,709,961 | | | 460,365 | | | (2,155,907 | ) | | 2,096,665 | |
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Total assets | $ | 2,104,746 | | | $ | 1,770,649 | | | $ | 775,296 | | | $ | (2,155,907 | ) | | $ | 2,494,784 | |
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Current liabilities: | | | | | | | | | |
Trade accounts payable | $ | — | | | $ | 11,932 | | | $ | 23,170 | | | $ | — | | | $ | 35,102 | |
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Accrued expenses | 2,078 | | | 13,312 | | | 15,328 | | | — | | | 30,718 | |
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Interest payable | 27,490 | | | 446 | | | 248 | | | — | | | 28,184 | |
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Debt and capital lease obligations | — | | | 3,315 | | | 10,638 | | | — | | | 13,953 | |
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Other current liabilities | — | | | 315 | | | 5,376 | | | — | | | 5,691 | |
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Total current liabilities | 29,568 | | | 29,320 | | | 54,760 | | | — | | | 113,648 | |
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Non-current liabilities: | | | | | | | | | |
Asset retirement obligation | — | | | 17,876 | | | — | | | — | | | 17,876 | |
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Deferred tax liabilities | — | | | — | | | 63,731 | | | — | | | 63,731 | |
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Debt and capital lease obligations | 1,365,417 | | | 148,451 | | | 56,933 | | | — | | | 1,570,801 | |
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Intercompany accounts payable | — | | | 2,189,473 | | | 639,135 | | | (2,828,608 | ) | | — | |
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Other non-current liabilities | 8,560 | | | 1,424 | | | 10,156 | | | — | | | 20,140 | |
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Total non-current liabilities | 1,373,977 | | | 2,357,224 | | | 769,955 | | | (2,828,608 | ) | | 1,672,548 | |
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Total liabilities | $ | 1,403,545 | | | $ | 2,386,544 | | | $ | 824,715 | | | $ | (2,828,608 | ) | | $ | 1,786,196 | |
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Stockholders’ equity: | | | | | | | | | |
Common stock | 278 | | | — | | | — | | | — | | | 278 | |
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Additional paid-in capital | 2,247,199 | | | 132,335 | | | 534,440 | | | (666,775 | ) | | 2,247,199 | |
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Accumulated other comprehensive loss | 1,466 | | | — | | | 1,465 | | | (1,465 | ) | | 1,466 | |
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Accumulated deficit | (1,547,742 | ) | | (748,230 | ) | | (592,711 | ) | | 1,340,941 | | | (1,547,742 | ) |
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Total Molycorp stockholders’ equity | 701,201 | | | (615,895 | ) | | (56,806 | ) | | 672,701 | | | 701,201 | |
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Noncontrolling interests | — | | | — | | | 7,387 | | | — | | | 7,387 | |
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Total stockholders’ equity | 701,201 | | | (615,895 | ) | | (49,419 | ) | | 672,701 | | | 708,588 | |
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Total liabilities and stockholders’ equity | $ | 2,104,746 | | | $ | 1,770,649 | | | $ | 775,296 | | | $ | (2,155,907 | ) | | $ | 2,494,784 | |
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| 31-Dec-14 |
| (In thousands) |
Condensed Consolidating Balance Sheets | Parent | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Molycorp, Inc. consolidated |
Current assets: | | | | | | | | | |
Cash and cash equivalents | $ | 98,650 | | | $ | 5,329 | | | $ | 107,706 | | | $ | — | | | $ | 211,685 | |
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Trade accounts receivable, net | — | | | 1,924 | | | 42,651 | | | — | | | 44,575 | |
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Inventory | — | | | 36,956 | | | 132,367 | | | — | | | 169,323 | |
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Prepaid expenses and other current assets | — | | | 9,673 | | | 19,659 | | | — | | | 29,332 | |
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Total current assets | 98,650 | | | 53,882 | | | 302,383 | | | — | | | 454,915 | |
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Non-current assets: | | | | | | | | | |
Deposits | 1,756 | | | 29,322 | | | — | | | — | | | 31,078 | |
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Property, plant and equipment, net | — | | | 1,575,670 | | | 132,300 | | | — | | | 1,707,970 | |
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Inventory | — | | | 25,127 | | | — | | | — | | | 25,127 | |
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Intangible assets, net | — | | | 377 | | | 215,494 | | | — | | | 215,871 | |
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Investments | — | | | 785 | | | 8,016 | | | — | | | 8,801 | |
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Goodwill | — | | | — | | | 102,808 | | | — | | | 102,808 | |
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Investments in consolidated subsidiaries | — | | | 91,672 | | | — | | | (91,672 | ) | | — | |
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Intercompany accounts receivable | 2,063,568 | | | — | | | — | | | (2,063,568 | ) | | — | |
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Other non-current assets | 16,421 | | | 7,792 | | | 5,203 | | | — | | | 29,416 | |
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Total non-current assets | 2,081,745 | | | 1,730,745 | | | 463,821 | | | (2,155,240 | ) | | 2,121,071 | |
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Total assets | $ | 2,180,395 | | | $ | 1,784,627 | | | $ | 766,204 | | | $ | (2,155,240 | ) | | $ | 2,575,986 | |
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Current liabilities: | | | | | | | | | |
Trade accounts payable | $ | — | | | $ | 14,641 | | | $ | 26,201 | | | $ | — | | | $ | 40,842 | |
|
Accrued expenses | 1 | | | 15,705 | | | 17,960 | | | — | | | 33,666 | |
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Interest payable | 17,323 | | | 551 | | | 426 | | | — | | | 18,300 | |
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Debt and capital lease obligations | — | | | 3,234 | | | 9,326 | | | — | | | 12,560 | |
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Other current liabilities | — | | | 263 | | | 4,423 | | | — | | | 4,686 | |
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Total current liabilities | 17,324 | | | 34,394 | | | 58,336 | | | — | | | 110,054 | |
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Non-current liabilities: | | | | | | | | | |
Asset retirement obligation | — | | | 17,799 | | | — | | | — | | | 17,799 | |
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Deferred tax liabilities | — | | | — | | | 63,802 | | | — | | | 63,802 | |
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Debt and capital lease obligations | 1,357,003 | | | 146,805 | | | 55,973 | | | — | | | 1,559,781 | |
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Intercompany accounts payable | — | | | 2,134,041 | | | 658,986 | | | (2,793,027 | ) | | — | |
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Other non-current liabilities | 9,061 | | | 1,424 | | | 9,762 | | | — | | | 20,247 | |
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Total non-current liabilities | 1,366,064 | | | 2,300,069 | | | 788,523 | | | (2,793,027 | ) | | 1,661,629 | |
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Total liabilities | $ | 1,383,388 | | | $ | 2,334,463 | | | $ | 846,859 | | | $ | (2,793,027 | ) | | $ | 1,771,683 | |
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Stockholders’ equity: | | | | | | | | | |
Common stock | 260 | | | — | | | — | | | — | | | 260 | |
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Additional paid-in capital | 2,245,478 | | | 132,335 | | | 534,440 | | | (666,775 | ) | | 2,245,478 | |
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Accumulated other comprehensive loss | (3,323 | ) | | — | | | (3,323 | ) | | 3,323 | | | (3,323 | ) |
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Accumulated deficit | (1,445,408 | ) | | (682,171 | ) | | (619,068 | ) | | 1,301,239 | | | (1,445,408 | ) |
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Total Molycorp stockholders’ equity | 797,007 | | | (549,836 | ) | | (87,951 | ) | | 637,787 | | | 797,007 | |
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Noncontrolling interests | — | | | — | | | 7,296 | | | — | | | 7,296 | |
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Total stockholders’ equity | 797,007 | | | (549,836 | ) | | (80,655 | ) | | 637,787 | | | 804,303 | |
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Total liabilities and stockholders’ equity | $ | 2,180,395 | | | $ | 1,784,627 | | | $ | 766,204 | | | $ | (2,155,240 | ) | | $ | 2,575,986 | |
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| Three Months Ended March 31, 2015 |
| (In thousands) |
Condensed Consolidating Statements of Operations and Comprehensive Income | Parent | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Molycorp, Inc. consolidated |
Revenues | $ | — | | | $ | 12,508 | | | $ | 102,477 | | | $ | (8,561 | ) | | $ | 106,424 | |
|
Costs of sales: | | | | | | | | | |
Costs excluding depreciation and amortization | — | | | (42,481 | ) | | (71,954 | ) | | 8,561 | | | (105,874 | ) |
|
Depreciation and amortization | — | | | (21,127 | ) | | (4,153 | ) | | — | | | (25,280 | ) |
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Gross (loss) profit | — | | | (51,100 | ) | | 26,370 | | | — | | | (24,730 | ) |
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Operating expenses: | | | | | | | | | |
Selling, general and administrative | (3,995 | ) | | (8,228 | ) | | (9,234 | ) | | — | | | (21,457 | ) |
|
Depreciation, amortization and accretion | — | | | (913 | ) | | (4,660 | ) | | — | | | (5,573 | ) |
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Research and development | — | | | (139 | ) | | (3,002 | ) | | — | | | (3,141 | ) |
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Operating (loss) income | (3,995 | ) | | (60,380 | ) | | 9,474 | | | — | | | (54,901 | ) |
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Other (expense) income | (31,842 | ) | | (108 | ) | | 34,073 | | | — | | | 2,123 | |
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Interest expense | (36,837 | ) | | (3,681 | ) | | (5,782 | ) | | — | | | (46,300 | ) |
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Interest income (expense) from intercompany notes | 8,767 | | | (611 | ) | | (8,156 | ) | | — | | | — | |
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Equity loss from consolidated subsidiaries | (38,427 | ) | | (1,275 | ) | | — | | | 39,702 | | | — | |
|
(Loss) income before income taxes and equity earnings | (102,334 | ) | | (66,055 | ) | | 29,609 | | | 39,702 | | | (99,078 | ) |
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Income tax expense | — | | | (4 | ) | | (2,964 | ) | | — | | | (2,968 | ) |
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Equity in loss of affiliates | — | | | — | | | (224 | ) | | — | | | (224 | ) |
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Net (loss) income | (102,334 | ) | | (66,059 | ) | | 26,421 | | | 39,702 | | | (102,270 | ) |
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Net income attributable to noncontrolling interest | — | | | — | | | (64 | ) | | — | | | (64 | ) |
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Net (loss) income attributable to Molycorp stockholders | $ | (102,334 | ) | | $ | (66,059 | ) | | $ | 26,357 | | | $ | 39,702 | | | $ | (102,334 | ) |
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Net (loss) income | $ | (102,334 | ) | | $ | (66,059 | ) | | $ | 26,421 | | | $ | 39,702 | | | $ | (102,270 | ) |
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Other comprehensive loss: | | | | | | | | | |
Foreign currency translation adjustments | — | | | — | | | 4,789 | | | — | | | 4,789 | |
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Comprehensive (loss) income | $ | (102,334 | ) | | $ | (66,059 | ) | | $ | 31,210 | | | $ | 39,702 | | | $ | (97,481 | ) |
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Comprehensive (loss) income attributable to: | | | | | | | | | |
Molycorp stockholders | (102,334 | ) | | (66,059 | ) | | 31,146 | | | 39,702 | | | (97,545 | ) |
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Noncontrolling interest | — | | | — | | | 64 | | | — | | | 64 | |
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| $ | (102,334 | ) | | $ | (66,059 | ) | | $ | 31,210 | | | $ | 39,702 | | | $ | (97,481 | ) |
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Schedule of Condensed Income Statement and Comprehensive Income | |
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| Three Months Ended March 31, 2015 |
| (In thousands) |
Condensed Consolidating Statements of Operations and Comprehensive Income | Parent | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Molycorp, Inc. consolidated |
Revenues | $ | — | | | $ | 12,508 | | | $ | 102,477 | | | $ | (8,561 | ) | | $ | 106,424 | |
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Costs of sales: | | | | | | | | | |
Costs excluding depreciation and amortization | — | | | (42,481 | ) | | (71,954 | ) | | 8,561 | | | (105,874 | ) |
|
Depreciation and amortization | — | | | (21,127 | ) | | (4,153 | ) | | — | | | (25,280 | ) |
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Gross (loss) profit | — | | | (51,100 | ) | | 26,370 | | | — | | | (24,730 | ) |
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Operating expenses: | | | | | | | | | |
Selling, general and administrative | (3,995 | ) | | (8,228 | ) | | (9,234 | ) | | — | | | (21,457 | ) |
|
Depreciation, amortization and accretion | — | | | (913 | ) | | (4,660 | ) | | — | | | (5,573 | ) |
|
Research and development | — | | | (139 | ) | | (3,002 | ) | | — | | | (3,141 | ) |
|
Operating (loss) income | (3,995 | ) | | (60,380 | ) | | 9,474 | | | — | | | (54,901 | ) |
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Other (expense) income | (31,842 | ) | | (108 | ) | | 34,073 | | | — | | | 2,123 | |
|
Interest expense | (36,837 | ) | | (3,681 | ) | | (5,782 | ) | | — | | | (46,300 | ) |
|
Interest income (expense) from intercompany notes | 8,767 | | | (611 | ) | | (8,156 | ) | | — | | | — | |
|
Equity loss from consolidated subsidiaries | (38,427 | ) | | (1,275 | ) | | — | | | 39,702 | | | — | |
|
(Loss) income before income taxes and equity earnings | (102,334 | ) | | (66,055 | ) | | 29,609 | | | 39,702 | | | (99,078 | ) |
|
Income tax expense | — | | | (4 | ) | | (2,964 | ) | | — | | | (2,968 | ) |
|
Equity in loss of affiliates | — | | | — | | | (224 | ) | | — | | | (224 | ) |
|
Net (loss) income | (102,334 | ) | | (66,059 | ) | | 26,421 | | | 39,702 | | | (102,270 | ) |
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Net income attributable to noncontrolling interest | — | | | — | | | (64 | ) | | — | | | (64 | ) |
|
Net (loss) income attributable to Molycorp stockholders | $ | (102,334 | ) | | $ | (66,059 | ) | | $ | 26,357 | | | $ | 39,702 | | | $ | (102,334 | ) |
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Net (loss) income | $ | (102,334 | ) | | $ | (66,059 | ) | | $ | 26,421 | | | $ | 39,702 | | | $ | (102,270 | ) |
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Other comprehensive loss: | | | | | | | | | |
Foreign currency translation adjustments | — | | | — | | | 4,789 | | | — | | | 4,789 | |
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Comprehensive (loss) income | $ | (102,334 | ) | | $ | (66,059 | ) | | $ | 31,210 | | | $ | 39,702 | | | $ | (97,481 | ) |
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Comprehensive (loss) income attributable to: | | | | | | | | | |
Molycorp stockholders | (102,334 | ) | | (66,059 | ) | | 31,146 | | | 39,702 | | | (97,545 | ) |
|
Noncontrolling interest | — | | | — | | | 64 | | | — | | | 64 | |
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| $ | (102,334 | ) | | $ | (66,059 | ) | | $ | 31,210 | | | $ | 39,702 | | | $ | (97,481 | ) |
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| Three Months Ended March 31, 2014 |
| (In thousands) |
Condensed Consolidating Statements of Operations and Comprehensive Income | Parent | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Molycorp, Inc. consolidated |
Revenues | $ | — | | | $ | 17,230 | | | $ | 113,733 | | | $ | (12,437 | ) | | $ | 118,526 | |
|
Costs of sales: | | | | | | | | | |
Costs excluding depreciation and amortization | — | | | (53,379 | ) | | (84,531 | ) | | 12,437 | | | (125,473 | ) |
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Depreciation and amortization | — | | | (12,127 | ) | | (4,020 | ) | | — | | | (16,147 | ) |
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Gross (loss) profit | — | | | (48,276 | ) | | 25,182 | | | — | | | (23,094 | ) |
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Operating expenses: | | | | | | | | | |
Selling, general and administrative | (240 | ) | | (8,158 | ) | | (9,558 | ) | | — | | | (17,956 | ) |
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Depreciation, amortization and accretion | — | | | (1,045 | ) | | (6,156 | ) | | — | | | (7,201 | ) |
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Research and development | — | | | (143 | ) | | (2,623 | ) | | — | | | (2,766 | ) |
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Operating (loss) income | (240 | ) | | (57,622 | ) | | 6,845 | | | — | | | (51,017 | ) |
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Other (expense) income | (18,271 | ) | | 16 | | | 18,729 | | | — | | | 474 | |
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Interest (expense) income | (34,555 | ) | | (1,205 | ) | | 121 | | | — | | | (35,639 | ) |
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Interest income (expense) from intercompany notes | 10,355 | | | (504 | ) | | (9,851 | ) | | — | | | — | |
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Equity (loss) income from consolidated subsidiaries | (43,350 | ) | | 323 | | | — | | | 43,027 | | | — | |
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(Loss) income before income taxes and equity earnings | (86,061 | ) | | (58,992 | ) | | 15,844 | | | 43,027 | | | (86,182 | ) |
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Income tax benefit | — | | | — | | | 1,907 | | | — | | | 1,907 | |
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Equity in loss of affiliates | — | | | (1,707 | ) | | (16 | ) | | — | | | (1,723 | ) |
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Net (loss) income | (86,061 | ) | | (60,699 | ) | | 17,735 | | | 43,027 | | | (85,998 | ) |
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Net income attributable to noncontrolling interest | — | | | — | | | (63 | ) | | — | | | (63 | ) |
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Net (loss) income attributable to Molycorp stockholders | $ | (86,061 | ) | | $ | (60,699 | ) | | $ | 17,672 | | | $ | 43,027 | | | $ | (86,061 | ) |
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Net (loss) income | $ | (86,061 | ) | | $ | (60,699 | ) | | $ | 17,735 | | | $ | 43,027 | | | $ | (85,998 | ) |
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Other comprehensive (loss) income: | | | | | | | | | |
Foreign currency translation adjustments | — | | | — | | | (852 | ) | | — | | | (852 | ) |
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Comprehensive (loss) income | $ | (86,061 | ) | | $ | (60,699 | ) | | $ | 16,883 | | | $ | 43,027 | | | $ | (86,850 | ) |
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Comprehensive (loss) income attributable to: | | | | | | | | | |
Molycorp stockholders | (86,061 | ) | | (60,699 | ) | | 16,820 | | | 43,027 | | | (86,913 | ) |
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Noncontrolling interest | — | | | — | | | 63 | | | — | | | 63 | |
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| $ | (86,061 | ) | | $ | (60,699 | ) | | $ | 16,883 | | | $ | 43,027 | | | $ | (86,850 | ) |
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Schedule of Condensed Cash Flow Statement | |
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| Three Months Ended March 31, 2015 |
| (In thousands) |
Condensed Consolidating Statements of Cash Flows | Parent | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Molycorp, Inc. consolidated |
Net cash used in operating activities | $ | (19,985 | ) | | $ | (50,428 | ) | | $ | (2,472 | ) | | $ | — | | | $ | (72,885 | ) |
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Cash flows from investing activities: | | | | | | | | | |
Intercompany advances made | (60,020 | ) | | (3,673 | ) | | — | | | 63,693 | | | — | |
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Repayments from non-guarantor | 2,000 | | | — | | | — | | | (2,000 | ) | | — | |
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Loans to parent | — | | | — | | | (4,956 | ) | | 4,956 | | | — | |
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Loans to guarantors | (3,000 | ) | | — | | | — | | | 3,000 | | | — | |
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Repayments from parent | — | | | — | | | 1,101 | | | (1,101 | ) | | — | |
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Capital expenditures | — | | | (4,853 | ) | | (1,480 | ) | | — | | | (6,333 | ) |
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Other investing activities | — | | | 785 | | | 162 | | | — | | | 947 | |
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Net cash used in investing activities | (61,020 | ) | | (7,741 | ) | | (5,173 | ) | | 68,548 | | | (5,386 | ) |
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Cash flows from financing activities: | | | | | | | | | |
Repayments of debt | — | | | — | | | 979 | | | — | | | 979 | |
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Dividend paid to noncontrolling interests | — | | | — | | | (40 | ) | | — | | | (40 | ) |
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Repayments to parent | — | | | — | | | (2,000 | ) | | 2,000 | | | — | |
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Repayments to non-guarantors | (1,101 | ) | | — | | | — | | | 1,101 | | | — | |
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Borrowing from parent | — | | | — | | | 3,000 | | | (3,000 | ) | | — | |
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Borrowing from non-guarantors | 4,956 | | | — | | | — | | | (4,956 | ) | | — | |
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Intercompany advances owed | — | | | 60,020 | | | 3,673 | | | (63,693 | ) | | — | |
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Other financing activities | — | | | (781 | ) | | — | | | — | | | (781 | ) |
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Net cash (used in) provided by financing activities | 3,855 | | | 59,239 | | | 5,612 | | | (68,548 | ) | | 158 | |
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Effect of exchange rate changes on cash | — | | | — | | | 27 | | | — | | | 27 | |
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Net change in cash and cash equivalents | (77,150 | ) | | 1,070 | | | (2,006 | ) | | — | | | (78,086 | ) |
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Cash and cash equivalents at beginning of the period | 98,650 | | | 5,329 | | | 107,706 | | | — | | | 211,685 | |
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Cash and cash equivalents at end of period | $ | 21,500 | | | $ | 6,399 | | | $ | 105,700 | | | $ | — | | | $ | 133,599 | |
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| Three Months Ended March 31, 2014 |
| (In thousands) |
Condensed Consolidating Statements of Cash Flows | Parent | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Molycorp, Inc. consolidated |
Net cash provided by (used in) operating activities | $ | (33,089 | ) | | $ | (829 | ) | | $ | (11,867 | ) | | $ | — | | | $ | (45,785 | ) |
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Cash flows from investing activities: | | | | | | | | | |
Intercompany advances made | (55,041 | ) | | — | | | — | | | 55,041 | | | — | |
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Repayments from non-guarantor | 32,000 | | | — | | | — | | | (32,000 | ) | | — | |
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Capital expenditures | — | | | (27,943 | ) | | (1,809 | ) | | — | | | (29,752 | ) |
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Other investing activities | — | | | — | | | 493 | | | — | | | 493 | |
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Net cash used in investing activities | (23,041 | ) | | (27,943 | ) | | (1,316 | ) | | 23,041 | | | (29,259 | ) |
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Cash flows from financing activities: | | | | | | | | | |
Repayments of debt | — | | | — | | | (489 | ) | | — | | | (489 | ) |
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Payments of preferred dividends | (2,846 | ) | | — | | | — | | | — | | | (2,846 | ) |
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Dividend paid to noncontrolling interests | — | | | — | | | (435 | ) | | — | | | (435 | ) |
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Repayments to parent | — | | | — | | | (32,000 | ) | | 32,000 | | | — | |
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Intercompany advances owed | — | | | 25,238 | | | 29,803 | | | (55,041 | ) | | — | |
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Other financing activities | — | | | 1,323 | | | — | | | — | | | 1,323 | |
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Net cash provided by (used in) financing activities | (2,846 | ) | | 26,561 | | | (3,121 | ) | | (23,041 | ) | | (2,447 | ) |
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Effect of exchange rate changes on cash | — | | | — | | | (776 | ) | | — | | | (776 | ) |
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Net change in cash and cash equivalents | (58,976 | ) | | (2,211 | ) | | (17,080 | ) | | — | | | (78,267 | ) |
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Cash and cash equivalents at beginning of the period | 169,145 | | | 6,467 | | | 138,705 | | | — | | | 314,317 | |
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Cash and cash equivalents at end of period | $ | 110,169 | | | $ | 4,256 | | | $ | 121,625 | | | $ | — | | | $ | 236,050 | |
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