Subsidiary Guarantors | 9 Months Ended |
Sep. 30, 2014 |
Subsidiary Guarantors [Abstract] | ' |
Subsidiary Guarantors | ' |
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NOTE 20 – SUBSIDIARY GUARANTORS |
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The Senior Notes, issued on July 30, 2012 by the Partnership and QRE FC (the “Subsidiary Co-Issuer”), are guaranteed by OLLC (the “Guarantor”), a 100% owned subsidiary of the Partnership, and may be guaranteed by certain other future subsidiaries. The Guarantor is 100% owned by the Partnership and its guarantee of the Senior Notes is full and unconditional. The Partnership has no assets or operations independent of its subsidiaries and there are no significant restrictions upon the ability of the Guarantor to distribute funds to the Partnership. The guarantee constitutes a joint and several obligation with any additional future guarantees. The Partnership’s other subsidiaries are ETSWDC and QRE GP, which was contributed to the Partnership upon the completion of the GP Buyout Transaction, and do not guarantee the Senior Notes (the “Non-Guarantor”). Refer to Note 10 – Long-Term Debt for details on the conditions under which guarantees of the Senior Notes may be released. ETSWDC is a non-minor subsidiary and we are providing condensed consolidated financial statements prospectively in accordance with SEC regulations. |
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The following condensed consolidated financial information is presented in accordance with Rule 3-10 of the Securities and Exchange Commission’s Regulation S-X, and uses the same accounting policies used to prepare the financial information located elsewhere in our consolidated financial statements and related footnotes. |
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Condensed Consolidating Balance Sheets | | | | | | | | | | | | | | | | | |
| 30-Sep-14 |
| | Parent Co-Issuer | | | Subsidiary Co-Issuer | | | Guarantor | | | Non-Guarantor | | | Eliminations | | | Consolidated |
Assets | | | | | | | | | | | | | | | | | |
Current assets | | | | | | | | | | | | | | | | | |
Cash | $ | 110 | | $ | - | | $ | 13,608 | | $ | 2,441 | | $ | - | | $ | 16,159 |
Accounts receivable | | | | | - | | | 49,080 | | | 2,780 | | | -481 | | | 51,379 |
Due from affiliates | | 187,238 | | | - | | | - | | | - | | | -187,238 | | | - |
Derivative instruments | | | | | - | | | 33,744 | | | - | | | - | | | 33,744 |
Prepaid and other current assets | | | | | - | | | 3,119 | | | 219 | | | - | | | 3,338 |
Total current assets | | 187,348 | | | - | | | 99,551 | | | 5,440 | | | -187,719 | | | 104,620 |
Noncurrent assets | | | | | | | | | | | | | | | | | |
Oil and natural gas properties and other property and equipment, net | | - | | | - | | | 1,687,275 | | | 15,439 | | | - | | | 1,702,714 |
Derivative instruments | | - | | | - | | | 29,681 | | | - | | | - | | | 29,681 |
Investment in subsidiaries | | 660,926 | | | - | | | 17,921 | | | - | | | -678,847 | | | - |
Other assets | | 22,394 | | | - | | | 14,974 | | | 20,476 | | | - | | | 57,844 |
Total noncurrent assets | | 683,320 | | | - | | | 1,749,851 | | | 35,915 | | | -678,847 | | | 1,790,239 |
Total assets | | 870,668 | | | - | | | 1,849,402 | | | 41,355 | | | -866,566 | | | 1,894,859 |
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Liabilities and Partners' Capital | | | | | | | | | | | | | | | | | |
Current liabilities | | | | | | | | | | | | | | | | | |
Current portions of asset retirement obligations | $ | - | | $ | - | | $ | 4,895 | | $ | - | | $ | - | | $ | 4,895 |
Due to affiliates | | - | | | - | | | 188,125 | | | - | | | -187,238 | | | 887 |
Derivative instruments | | - | | | - | | | 7,378 | | | - | | | - | | | 7,378 |
Accrued and other liabilities | | 18,837 | | | - | | | 68,295 | | | 1,658 | | | -481 | | | 88,309 |
Total current liabilities | | 18,837 | | | - | | | 268,693 | | | 1,658 | | | -187,719 | | | 101,469 |
Noncurrent liabilities | | | | | | | | | | | | | | | | | |
Long-term debt | | 296,981 | | | - | | | 755,000 | | | - | | | - | | | 1,051,981 |
Deferred Class B unit obligation | | 134,894 | | | - | | | - | | | - | | | - | | | 134,894 |
Derivative instruments | | - | | | - | | | 5,283 | | | - | | | - | | | 5,283 |
Asset retirement obligations | | - | | | - | | | 154,202 | | | 5,341 | | | - | | | 159,543 |
Other liabilities | | - | | | - | | | 5,298 | | | 6,891 | | | - | | | 12,189 |
Total noncurrent liabilities | | 431,875 | | | - | | | 919,783 | | | 12,232 | | | - | | | 1,363,890 |
Partners' capital | | | | | | | | | | | | | | | | | |
QR Energy, LP partners' capital | | 419,956 | | | - | | | 660,926 | | | 27,465 | | | -688,391 | | | 419,956 |
Noncontrolling interest | | - | | | - | | | - | | | - | | | 9,544 | | | 9,544 |
Total partners' capital | | 419,956 | | | - | | | 660,926 | | | 27,465 | | | -678,847 | | | 429,500 |
Total liabilities and partners' capital | $ | 870,668 | | $ | - | | $ | 1,849,402 | | $ | 41,355 | | $ | -866,566 | | $ | 1,894,859 |
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Condensed Consolidating Balance Sheets | | | | | | | | | | | | | | | | | |
| 31-Dec-13 |
| | Parent Co-Issuer | | | Subsidiary Co-Issuer | | | Guarantor | | | Non-Guarantor | | | Eliminations | | | Consolidated |
Assets | | | | | | | | | | | | | | | | | |
Current assets | | | | | | | | | | | | | | | | | |
Cash | $ | 78 | | $ | - | | $ | 10,575 | | $ | 2,707 | | $ | - | | $ | 13,360 |
Accounts receivable | | - | | | - | | | 55,073 | | | 2,939 | | | -570 | | | 57,442 |
Due from affiliates | | 234,746 | | | - | | | - | | | - | | | -230,831 | | | 3,915 |
Derivative instruments | | - | | | - | | | 27,485 | | | - | | | - | | | 27,485 |
Prepaid and other current assets | | - | | | - | | | 1,718 | | | 141 | | | - | | | 1,859 |
Total current assets | | 234,824 | | | - | | | 94,851 | | | 5,787 | | | -231,401 | | | 104,061 |
Noncurrent assets | | | | | | | | | | | | | | | | | |
Oil and natural gas properties and other property and equipment, net | | - | | | - | | | 1,591,015 | | | 13,968 | | | - | | | 1,604,983 |
Derivative instruments | | - | | | - | | | 62,131 | | | - | | | - | | | 62,131 |
Investment in subsidiaries | | 711,734 | | | - | | | 16,478 | | | - | | | -728,212 | | | - |
Other assets | | 4,663 | | | - | | | 20,176 | | | 19,913 | | | - | | | 44,752 |
Total noncurrent assets | | 716,397 | | | - | | | 1,689,800 | | | 33,881 | | | -728,212 | | | 1,711,866 |
Total assets | $ | 951,221 | | $ | - | | $ | 1,784,651 | | $ | 39,668 | | $ | -959,613 | | $ | 1,815,927 |
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Liabilities and Partners' Capital | | | | | | | | | | | | | | | | | |
Current liabilities | | | | | | | | | | | | | | | | | |
Current portions of asset retirement obligations | $ | - | | $ | - | | $ | 4,310 | | $ | - | | $ | - | | $ | 4,310 |
Due to affiliates | | - | | | - | | | 230,831 | | | - | | | -230,831 | | | - |
Derivative instruments | | - | | | - | | | 11,233 | | | - | | | - | | | 11,233 |
Accrued and other liabilities | | 25,718 | | | - | | | 52,100 | | | 1,797 | | | -570 | | | 79,045 |
Total current liabilities | | 25,718 | | | - | | | 298,474 | | | 1,797 | | | -231,401 | | | 94,588 |
Noncurrent liabilities | | | | | | | | | | | | | | | | | |
Long-term debt | | 296,593 | | | - | | | 615,000 | | | - | | | - | | | 911,593 |
Derivative instruments | | - | | | - | | | 6,251 | | | - | | | - | | | 6,251 |
Asset retirement obligations | | - | | | - | | | 145,893 | | | 5,118 | | | - | | | 151,011 |
Other liabilities | | - | | | - | | | 7,299 | | | 7,726 | | | - | | | 15,025 |
Total noncurrent liabilities | | 296,593 | | | - | | | 774,443 | | | 12,844 | | | - | | | 1,083,880 |
Partners' capital | | | | | | | | | | | | | | | | | |
QR Energy, LP partners' capital | | 628,910 | | | - | | | 711,734 | | | 25,027 | | | -736,761 | | | 628,910 |
Noncontrolling interest | | - | | | - | | | - | | | - | | | 8,549 | | | 8,549 |
Total partners' capital | | 628,910 | | | - | | | 711,734 | | | 25,027 | | | -728,212 | | | 637,459 |
Total liabilities and partners' capital | $ | 951,221 | | $ | - | | $ | 1,784,651 | | $ | 39,668 | | $ | -959,613 | | $ | 1,815,927 |
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Condensed Consolidating Statements of Operations | | | | | | | | | | | | | | | | | |
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| | Parent Co-Issuer | | | Subsidiary Co-Issuer | | | Guarantor | | | Non-Guarantor | | | Eliminations | | | Consolidated |
Three Months Ended September 30, 2014 | | | | | | | | | | | | | | | | | |
Total revenues | $ | - | | $ | - | | $ | 124,505 | | $ | 7,146 | | $ | -1,463 | | $ | 130,188 |
Expenses | | | | | | | | | | | | | | | | | |
Production and disposal and related expenses | | - | | | - | | | 51,271 | | | 6,085 | | | -1,463 | | | 55,893 |
Depreciation, depletion and amortization | | - | | | - | | | 32,495 | | | 116 | | | - | | | 32,611 |
General and administrative | | 2,433 | | | - | | | 7,770 | | | - | | | - | | | 10,203 |
Accretion of asset retirement obligations and acquisition and transaction costs | | - | | | - | | | 6,281 | | | 76 | | | - | | | 6,357 |
Total expenses | | 2,433 | | | - | | | 97,817 | | | 6,277 | | | -1,463 | | | 105,064 |
Operating income | | -2,433 | | | - | | | 26,688 | | | 869 | | | - | | | 25,124 |
Loss on commodity derivative contracts | | - | | | - | | | 70,231 | | | - | | | - | | | 70,231 |
Interest expense, net, income tax expense and other income, net | | -7,244 | | | - | | | -4,526 | | | 26 | | | - | | | -11,744 |
Gain on Deferred Class B unit obligation | | 18,855 | | | - | | | - | | | - | | | - | | | 18,855 |
Equity in earnings (loss) | | 92,919 | | | - | | | 526 | | | - | | | -93,445 | | | - |
Net (loss) income | | 102,097 | | | - | | | 92,919 | | | 895 | | | -93,445 | | | 102,466 |
Less: Net income attributable to noncontrolling interest | | - | | | - | | | - | | | - | | | 369 | | | 369 |
Net income (loss) attributable to QR Energy, LP | $ | 102,097 | | $ | - | | $ | 92,919 | | $ | 895 | | $ | -93,814 | | $ | 102,097 |
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Condensed Consolidating Statements of Operations | | | | | | | | | | | | | | | | | |
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| | Parent Co-Issuer | | | Subsidiary Co-Issuer | | | Guarantor | | | Non-Guarantor | | | Eliminations | | | Consolidated |
Three Months Ended September 30, 2013 | | | | | | | | | | | | | | | | | |
Total revenues | $ | - | | $ | - | | $ | 122,150 | | $ | 4,506 | | $ | -649 | | $ | 126,007 |
Expenses | | | | | | | | | | | | | | | | | |
Production and disposal and related expenses | | - | | | - | | | 44,010 | | | 3,895 | | | -649 | | | 47,256 |
Depreciation, depletion and amortization | | - | | | - | | | 27,961 | | | 57 | | | - | | | 28,018 |
General and administrative | | 1,939 | | | - | | | 9,265 | | | - | | | - | | | 11,204 |
Accretion of asset retirement obligations and acquisition and transaction costs | | - | | | - | | | 2,312 | | | 44 | | | - | | | 2,356 |
Total expenses | | 1,939 | | | - | | | 83,548 | | | 3,996 | | | -649 | | | 88,834 |
Operating income | | -1,939 | | | - | | | 38,602 | | | 510 | | | - | | | 37,173 |
Loss on commodity derivative contracts | | - | | | - | | | -45,377 | | | - | | | - | | | -45,377 |
Interest expense, net, income tax expense and other income, net | | -7,244 | | | - | | | -6,044 | | | -5 | | | - | | | -13,293 |
Loss on Deferred Class B unit obligation | | - | | | - | | | - | | | - | | | - | | | - |
Equity in earnings (loss) | | -12,536 | | | - | | | 281 | | | - | | | 12,255 | | | - |
Net (loss) income | | -21,719 | | | - | | | -12,538 | | | 505 | | | 12,255 | | | -21,497 |
Less: Net income attributable to noncontrolling interest | | - | | | - | | | - | | | - | | | 222 | | | 222 |
Net income (loss) attributable to QR Energy, LP | $ | -21,719 | | $ | - | | $ | -12,538 | | $ | 505 | | $ | 12,033 | | $ | -21,719 |
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Condensed Consolidating Statements of Operations | | | | | | | | | | | | | | | | | |
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| | Parent Co-Issuer | | | Subsidiary Co-Issuer | | | Guarantor | | | Non-Guarantor | | | Eliminations | | | Consolidated |
Nine Months Ended September 30, 2014 | | | | | | | | | | | | | | | | | |
Total revenues | $ | - | | $ | - | | $ | 369,466 | | $ | 20,780 | | $ | -4,129 | | $ | 386,117 |
Expenses | | | | | | | | | | | | | | | | | |
Production and disposal and related expenses | | - | | | - | | | 147,018 | | | 17,728 | | | -4,129 | | | 160,617 |
Depreciation, depletion and amortization | | - | | | - | | | 92,886 | | | 317 | | | - | | | 93,203 |
General and administrative | | 5,925 | | | - | | | 23,894 | | | - | | | - | | | 29,819 |
Accretion of asset retirement obligations and acquisition and transaction costs | | - | | | - | | | 14,752 | | | 224 | | | - | | | 14,976 |
Total expenses | | 5,925 | | | - | | | 278,550 | | | 18,269 | | | -4,129 | | | 298,615 |
Operating income | | -5,925 | | | - | | | 90,916 | | | 2,511 | | | - | | | 87,502 |
Loss on commodity derivative contracts | | - | | | - | | | -18,691 | | | - | | | - | | | -18,691 |
Interest expense, net, income tax expense and other income, net | | -21,732 | | | - | | | -16,814 | | | 22 | | | - | | | -38,524 |
Gain on Deferred Class B unit obligation | | 6,883 | | | - | | | - | | | - | | | - | | | 6,883 |
Equity in earnings | | 56,907 | | | - | | | 1,496 | | | - | | | -58,403 | | | - |
Net (loss) income | | 36,133 | | | - | | | 56,907 | | | 2,533 | | | -58,403 | | | 37,170 |
Less: Net income attributable to noncontrolling interest | | - | | | - | | | - | | | - | | | 1,037 | | | 1,037 |
Net income (loss) attributable to QR Energy, LP | $ | 36,133 | | $ | - | | $ | 56,907 | | $ | 2,533 | | $ | -59,440 | | $ | 36,133 |
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Condensed Consolidating Statements of Operations | | | | | | | | | | | | | | | | | |
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| | Parent Co-Issuer | | | Subsidiary Co-Issuer | | | Guarantor | | | Non-Guarantor | | | Eliminations | | | Consolidated |
Nine Months Ended September 30, 2013 | | | | | | | | | | | | | | | | | |
Total revenues | $ | - | | $ | - | | $ | 332,466 | | $ | 4,506 | | $ | -649 | | $ | 336,323 |
Expenses | | | | | - | | | | | | | | | | | | - |
Production and disposal and related expenses | | - | | | - | | | 129,247 | | | 3,895 | | | -649 | | | 132,493 |
Depreciation, depletion and amortization | | - | | | - | | | 85,439 | | | 57 | | | - | | | 85,496 |
General and administrative | | 5,125 | | | - | | | 26,273 | | | - | | | - | | | 31,398 |
Accretion of asset retirement obligations and acquisition and transaction costs | | - | | | - | | | 6,422 | | | 44 | | | - | | | 6,466 |
Total expenses | | 5,125 | | | - | | | 247,381 | | | 3,996 | | | -649 | | | 255,853 |
Operating income | | -5,125 | | | - | | | 85,085 | | | 510 | | | - | | | 80,470 |
Loss on commodity derivative contracts | | - | | | - | | | -11,860 | | | - | | | - | | | -11,860 |
Interest expense, net, income tax expense and other income, net | | -22,224 | | | - | | | -12,438 | | | -5 | | | - | | | -34,667 |
Loss on Deferred Class B unit obligation | | - | | | - | | | - | | | - | | | - | | | - |
Equity in earnings | | 61,070 | | | - | | | 281 | | | - | | | -61,351 | | | - |
Net (loss) income | | 33,721 | | | - | | | 61,068 | | | 505 | | | -61,351 | | | 33,943 |
Less: Net income attributable to noncontrolling interest | | - | | | - | | | - | | | - | | | 222 | | | 222 |
Net income (loss) attributable to QR Energy, LP | $ | 33,721 | | $ | - | | $ | 61,068 | | $ | 505 | | $ | -61,573 | | $ | 33,721 |
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Condensed Consolidating Statements of Comprehensive Income | | | | | | | | | | | | | | | | | |
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| | Parent Co-Issuer | | | Subsidiary Co-Issuer | | | Guarantor | | | Non-Guarantor | | | Eliminations | | | Consolidated |
Three Months Ended September 30, 2014 | | | | | | | | | | | | | | | | | |
Net income (loss) | $ | 102,097 | | $ | - | | $ | 92,919 | | $ | 895 | | $ | -93,445 | | $ | 102,466 |
Other comprehensive income, net of tax: | | | | | | | | | | | | | | | | | |
Reclassification adjustment for avail-for-sale securities | | 65 | | | - | | | 65 | | | 111 | | | -130 | | | 111 |
Change in fair value of available-for-sale securities | | -266 | | | - | | | -266 | | | -451 | | | 532 | | | -451 |
Pension and postretirement benefit: | | | | | | | | | | | | | | | | | |
Actuarial gain | | -28 | | | - | | | -28 | | | -46 | | | 56 | | | -46 |
Total other comprehensive income | | -229 | | | - | | | -229 | | | -386 | | | 458 | | | -386 |
Total comprehensive income (loss) | | 101,868 | | | - | | | 92,690 | | | 509 | | | -92,987 | | | 102,080 |
Less: Comprehensive income attributable to noncontrolling interest | | - | | | - | | | - | | | - | | | 212 | | | 212 |
Comprehensive income (loss) attributable to QR Energy, LP | $ | 101,868 | | $ | - | | $ | 92,690 | | $ | 509 | | $ | -93,199 | | $ | 101,868 |
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Condensed Consolidating Statements of Comprehensive Income | | | | | | | | | | | | | | | | | |
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| | Parent Co-Issuer | | | Subsidiary Co-Issuer | | | Guarantor | | | Non-Guarantor | | | Eliminations | | | Consolidated |
Three Months Ended September 30, 2013 | | | | | | | | | | | | | | | | | |
Net income (loss) | $ | -21,719 | | $ | - | | $ | -12,538 | | $ | 505 | | $ | 12,255 | | $ | -21,497 |
Other comprehensive income, net of tax: | | | | | | | | | | | | | | | | | |
Reclassification adjustment for avail-for-sale securities | | - | | | - | | | - | | | - | | | - | | | - |
Change in fair value of available-for-sale securities | | 100 | | | - | | | 100 | | | 179 | | | -200 | | | 179 |
Pension and postretirement benefit: | | | | | | | | | | | | | | | | | |
Actuarial gain | | - | | | - | | | - | | | - | | | - | | | - |
Total other comprehensive income | | 100 | | | - | | | 100 | | | 179 | | | -200 | | | 179 |
Total comprehensive income (loss) | | -21,619 | | | - | | | -12,438 | | | 684 | | | 12,055 | | | -21,318 |
Less: Comprehensive income attributable to noncontrolling interest | | - | | | - | | | - | | | - | | | 301 | | | 301 |
Comprehensive income (loss) attributable to QR Energy, LP | $ | -21,619 | | $ | - | | $ | -12,438 | | $ | 684 | | $ | 11,754 | | $ | -21,619 |
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Condensed Consolidating Statements of Comprehensive Income | | | | | | | | | | | | | | | | | |
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| | Parent Co-Issuer | | | Subsidiary Co-Issuer | | | Guarantor | | | Non-Guarantor | | | Eliminations | | | Consolidated |
Nine Months Ended September 30, 2014 | | | | | | | | | | | | | | | | | |
Net income (loss) | $ | 36,133 | | $ | - | | $ | 56,907 | | $ | 2,533 | | $ | -58,403 | | $ | 37,170 |
Other comprehensive income, net of tax: | | | | | | | | | | | | | | | | | |
Reclassification adjustment for available-for-sale securities | | 55 | | | - | | | 55 | | | 93 | | | -110 | | | 93 |
Change in fair value of available-for-sale securities | | -35 | | | - | | | -35 | | | -60 | | | 70 | | | -60 |
Pension and post retirement befefit: | | | | | | | | | | | | | | | | | |
Actuarial gain | | -81 | | | - | | | -81 | | | -136 | | | 162 | | | -136 |
Total other comprehensive income | | -61 | | | - | | | -61 | | | -103 | | | 122 | | | -103 |
Total comprehensive income (loss) | | 36,072 | | | - | | | 56,846 | | | 2,430 | | | -58,281 | | | 37,067 |
Less: Comprehensive income attributable to noncontrolling interest | | - | | | - | | | - | | | - | | | 995 | | | 995 |
Comprehensive income (loss) attributable to QR Energy, LP | $ | 36,072 | | $ | - | | $ | 56,846 | | $ | 2,430 | | $ | -59,276 | | $ | 36,072 |
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Condensed Consolidating Statements of Comprehensive Income | | | | | | | | | | | | | | | | | |
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| | Parent Co-Issuer | | | Subsidiary Co-Issuer | | | Guarantor | | | Non-Guarantor | | | Eliminations | | | Consolidated |
Nine Months Ended September 30, 2013 | | | | | | | | | | | | | | | | | |
Net income (loss) | $ | 33,721 | | $ | - | | $ | 61,068 | | $ | 505 | | $ | -61,351 | | $ | 33,943 |
Other comprehensive income, net of tax: | | | | | | | | | | | | | | | | | |
Reclassification adjustment for available-for-sale securities | | - | | | - | | | - | | | - | | | - | | | - |
Change in fair value of available-for-sale securities | | 100 | | | - | | | 100 | | | 179 | | | -200 | | | 179 |
Pension and post retirement befefit: | | | | | | | | | | | | | | | | | |
Actuarial gain | | - | | | - | | | - | | | - | | | - | | | - |
Total other comprehensive income | | 100 | | | - | | | 100 | | | 179 | | | -200 | | | 179 |
Total comprehensive income (loss) | | 33,821 | | | - | | | 61,168 | | | 684 | | | -61,551 | | | 34,122 |
Less: Comprehensive income attributable to noncontrolling interest | | - | | | - | | | - | | | - | | | 301 | | | 301 |
Comprehensive income (loss) attributable to QR Energy, LP | $ | 33,821 | | $ | - | | $ | 61,168 | | $ | 684 | | $ | -61,852 | | $ | 33,821 |
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Condensed Consolidating Statements of Cash Flows | | | | | | | | | | | | | | | | | |
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| | Parent Co-Issuer | | | Subsidiary Co-Issuer | | | Guarantor | | | Non-Guarantor | | | Eliminations | | | Consolidated |
Nine Months Ended September 30, 2014 | | | | | | | | | | | | | | | | | |
Net cash (used in) provided by operating activities | $ | -28,242 | | $ | - | | $ | 160,912 | | $ | 1,794 | | $ | - | | $ | 134,464 |
Cash flows from investing activities | | | | | | | | | | | | | | | | | |
Additions to oil and natural gas properties | | - | | | - | | | -117,650 | | | -1,787 | | | - | | | -119,437 |
Acquisitions | | - | | | - | | | -44,251 | | | - | | | - | | | -44,251 |
Divestitures of oil and gas properties | | | | | | | | 1,300 | | | | | | | | | 1,300 |
Distributions from subsidiaries | | 137,278 | | | - | | | - | | | - | | | -137,278 | | | - |
Proceeds from sale of available-for-sale securities | | - | | | - | | | - | | | 3,749 | | | - | | | 3,749 |
Purchases of available-for-sale securities | | - | | | - | | | - | | | -4,022 | | | - | | | -4,022 |
Net cash (used in) provided by investing activities | | 137,278 | | | - | | | -160,601 | | | -2,060 | | | -137,278 | | | -162,661 |
Cash flows from financing activities | | | | | | | | | | | | | | | | | |
Distributions to unitholders | | -106,582 | | | - | | | - | | | - | | | - | | | -106,582 |
Proceeds from bank borrowings | | | | | - | | | 178,000 | | | | | | - | | | 178,000 |
Repayments on bank borrowings | | | | | | | | -38,000 | | | | | | | | | -38,000 |
Distributions to Parent | | - | | | - | | | -137,278 | | | - | | | 137,278 | | | - |
Other | | -2,422 | | | - | | | - | | | - | | | - | | | -2,422 |
Net cash (used in) provided by financing activities | | -109,004 | | | - | | | 2,722 | | | - | | | 137,278 | | | 30,996 |
Net increase (decrease) in cash | | 32 | | | - | | | 3,033 | | | -266 | | | - | | | 2,799 |
Cash at beginning of period | | 78 | | | - | | | 10,575 | | | 2,707 | | | - | | | 13,360 |
Cash at end of period | $ | 110 | | $ | - | | $ | 13,608 | | $ | 2,441 | | $ | - | | $ | 16,159 |
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| | | | | | | | | | | | | | | | | |
Condensed Consolidating Statements of Cash Flows | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | Parent Co-Issuer | | | Subsidiary Co-Issuer | | | Guarantor | | | Non-Guarantor | | | Eliminations | | | Consolidated |
Nine Months Ended September 30, 2013 | | | | | | | | | | | | | | | | | |
Net cash (used in) provided by operating activities | $ | -28,050 | | $ | - | | $ | 169,511 | | $ | 357 | | $ | - | | $ | 141,818 |
Cash flows from investing activities | | | | | | | | | | | | | | | | | - |
Additions to oil and natural gas properties | | - | | | - | | | -65,898 | | | - | | | - | | | -65,898 |
Acquisitions | | - | | | - | | | -105,177 | | | 3,481 | | | - | | | -101,696 |
Distributions from subsidiaries | | 136,449 | | | - | | | - | | | - | | | -136,449 | | | - |
Proceeds from sale of available-for-sale securities | | - | | | - | | | - | | | 4,643 | | | - | | | 4,643 |
Purchases of available-for-sale securities | | - | | | - | | | - | | | -4,268 | | | - | | | -4,268 |
Net cash (used in) provided by investing activities | | 136,449 | | | - | | | -171,075 | | | 3,856 | | | -136,449 | | | -167,219 |
Cash flows from financing activities | | | | | | | | | | | | | | | | | |
Distributions to unitholders | | -106,226 | | | - | | | - | | | - | | | - | | | -106,226 |
Proceeds from bank borrowings | | - | | | - | | | 150,000 | | | - | | | - | | | 150,000 |
Repayments on bank | | - | | | - | | | -20,000 | | | - | | | - | | | -20,000 |
Repayments on intercompany borrowings | | - | | | - | | | -33,213 | | | - | | | 33,213 | | | - |
Distributions to Parent | | - | | | - | | | -103,236 | | | - | | | 103,236 | | | - |
Other | | -2,241 | | | - | | | -1,904 | | | - | | | - | | | -4,145 |
Net cash (used in) provided by financing activities | | -108,467 | | | - | | | -8,353 | | | - | | | 136,449 | | | 19,629 |
Net increase (decrease) in cash | | -68 | | | - | | | -9,917 | | | 4,213 | | | - | | | -5,772 |
Cash at beginning of period | | 68 | | | - | | | 31,768 | | | - | | | - | | | 31,836 |
Cash at end of period | $ | - | | $ | - | | $ | 21,851 | | $ | 4,213 | | $ | - | | $ | 26,064 |
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