Supplemental Consolidating Financial Information | Note 20 Supplemental Consolidating Financial Information On April 5, 2011, Intelsat Jackson completed an offering of $2.65 billion aggregate principal amount of senior notes, consisting of $1.5 billion aggregate principal amount of its 7.25% Senior Notes due 2019 and $1.15 billion aggregate principal amount of its 7.5% Senior Notes due 2021 (collectively, the “New Jackson Notes”). The New Jackson Notes are fully and unconditionally guaranteed, jointly and severally, by Intelsat S.A., Intelsat Holdings, Intelsat Investment Holdings S.à r.l. and Intelsat Investments (collectively, the “Parent Guarantors”); Intelsat Luxembourg and certain wholly-owned subsidiaries of Intelsat Jackson (the “Subsidiary Guarantors”). On July 5, 2017, the net proceeds from the sale of the 2025 Jackson Notes were used, along with other available cash, to satisfy and discharge all $1.5 billion aggregate principal amount of Intelsat Jackson’s 7.25% Senior Notes due 2019 pursuant to the indenture governing such notes. On April 26, 2012, Intelsat Jackson completed an offering of $1.2 billion aggregate principal amount of its 7.25% Senior Notes due 2020, which are fully and unconditionally guaranteed, jointly and severally, by the Parent Guarantors, Intelsat Luxembourg, ICF and the Subsidiary Guarantors. Separate financial statements of the Parent Guarantors, Intelsat Luxembourg, ICF, Intelsat Jackson and the Subsidiary Guarantors are not presented because management believes that such financial statements would not be material to investors. Investments in Intelsat Jackson’s subsidiaries in the following condensed consolidating financial information are accounted for under the equity method of accounting. Consolidating adjustments include the following: • elimination of investment in subsidiaries; • elimination of intercompany accounts; • elimination of intercompany sales between guarantor and non-guarantor • elimination of equity in earnings (losses) of subsidiaries. We had other comprehensive income of $34.1 million and $2.1 million for the years ended December 31, 2015 and 2016 and other comprehensive loss of $11.5 million for the year ended December 31, 2017. Other comprehensive income (loss) is fully attributable to the Subsidiary Guarantors, which are also consolidated within Intelsat Jackson. INTELSAT S.A. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2017 (in thousands) Intelsat Intelsat Intelsat Intelsat Jackson Subsidiary Non -Guarantor Subsidiaries Consolidation Consolidated ASSETS Current assets: Cash and cash equivalents $ 1,010 $ 48,174 $ 67,822 $ 334,036 $ 256,619 $ 74,173 $ (256,619 ) $ 525,215 Restricted cash — — — 15,754 1,908 422 (1,908 ) 16,176 Receivables, net of allowance 4 59 — 162,474 162,072 58,686 (162,072 ) 221,223 Prepaid expenses and other current assets 1,102 — — 47,956 47,891 10,404 (50,491 ) 56,862 Intercompany receivables — 132,612 13,571 461,284 — — (607,467 ) — Total current assets 2,116 180,845 81,393 1,021,504 468,490 143,685 (1,078,557 ) 819,476 Satellites and other property and equipment, net — — — 5,837,190 5,837,190 86,429 (5,837,190 ) 5,923,619 Goodwill — — — 2,620,627 2,620,627 — (2,620,627 ) 2,620,627 Non-amortizable — — — 2,452,900 2,452,900 — (2,452,900 ) 2,452,900 Amortizable intangible assets, net — — — 349,584 349,584 — (349,584 ) 349,584 Investment in affiliates (3,252,586 ) (501,466 ) (970,929 ) 194,264 194,264 — 4,336,453 — Other assets 90 348 859,513 342,205 319,869 101,188 (1,179,383 ) 443,830 Total assets $ (3,250,380 ) $ (320,273 ) $ (30,023 ) $ 12,818,274 $ 12,242,924 $ 331,302 $ (9,181,788 ) $ 12,610,036 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued liabilities $ 25,276 $ 413 $ 1,878 $ 111,121 $ 110,446 $ 21,644 $ (113,047 ) $ 157,731 Accrued interest payable — 13,163 4,066 245,978 5,956 — (5,956 ) 263,207 Current portion of long-term debt — 96,572 — — — — — 96,572 Deferred satellite performance incentives — — — 25,780 25,780 — (25,780 ) 25,780 Other current liabilities — — — 193,221 193,221 3,815 (193,221 ) 197,036 Intercompany payables 512,908 — — — 1,290,806 94,559 (1,898,273 ) — Total current liabilities 538,184 110,148 5,944 576,100 1,626,209 120,018 (2,236,277 ) 740,326 Long-term debt, net of current portion — 3,172,298 464,784 11,684,650 — — (1,209,646 ) 14,112,086 Deferred satellite performance incentives, net of current portion — — — 215,352 215,352 — (215,352 ) 215,352 Deferred revenue, net of current portion — — — 794,542 794,542 165 (794,542 ) 794,707 Deferred income taxes — — — 37,890 37,890 10,544 (37,890 ) 48,434 Accrued retirement benefits — — — 190,857 190,857 222 (190,857 ) 191,079 Other long-term liabilities — 784 716 289,812 289,812 6,088 (290,596 ) 296,616 — Shareholders’ equity (deficit): — Common shares 1,196 7,202 — 200 7,346,327 24 (7,353,753 ) 1,196 Other shareholders’ equity (deficit) (3,789,760 ) (3,610,705 ) (501,467 ) (971,129 ) 1,741,935 194,241 3,147,125 (3,789,760 ) Total liabilities and shareholders’ equity $ (3,250,380 ) $ (320,273 ) $ (30,023 ) $ 12,818,274 $ 12,242,924 $ 331,302 $ (9,181,788 ) $ 12,610,036 (Certain totals may not add due to the effects of rounding) INTELSAT S.A. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2016 (in thousands) Intelsat S.A. and Intelsat Intelsat Connect Intelsat Jackson Jackson Subsidiary Non-Guarantor Subsidiaries Consolidation and Consolidated ASSETS Current assets: Cash and cash equivalents $ 552 $ 59,752 $ 29,985 $ 495,225 $ 414,339 $ 80,510 $ (414,339 ) $ 666,024 Receivables, net of allowance 2 — — 151,345 151,322 51,689 (151,322 ) 203,036 Prepaid expenses and other current assets 882 3 — 48,320 48,263 6,703 (48,263 ) 55,908 Intercompany receivables — — 8,867 557,959 — 302,118 (868,944 ) — Total current assets 1,436 59,755 38,852 1,252,849 613,924 441,020 (1,482,868 ) 924,968 Satellites and other property and equipment, net — — — 6,096,459 6,096,459 89,383 (6,096,459 ) 6,185,842 Goodwill — — — 2,620,627 2,620,627 — (2,620,627 ) 2,620,627 Non-amortizable — — — 2,452,900 2,452,900 — (2,452,900 ) 2,452,900 Amortizable intangible assets, net — — — 391,838 391,838 — (391,838 ) 391,838 Investment in affiliates (3,086,095 ) (23,113 ) (651,909 ) 184,804 184,804 — 3,391,509 — Other assets 169 — 681,910 303,623 303,623 62,123 (985,614 ) 365,834 Total assets $ (3,084,490 ) $ 36,642 $ 68,853 $ 13,303,100 $ 12,664,175 $ 592,526 $ (10,638,797 ) $ 12,942,009 LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT) Current liabilities: Accounts payable and accrued liabilities $ 23,153 $ — $ 10,830 $ 221,564 $ 218,897 $ 27,351 $ (218,897 ) $ 282,898 Accrued interest payable — 13,158 2,287 189,395 3,146 — (3,146 ) 204,840 Deferred satellite performance incentives — — — 23,455 23,455 — (23,455 ) 23,455 Other current liabilities — — — 219,389 219,389 3,081 (219,389 ) 222,470 Intercompany payables 502,355 366,589 — — 2,183,616 — (3,052,560 ) — Total current liabilities 525,508 379,747 13,117 653,803 2,648,503 30,432 (3,517,447 ) 733,663 Long-term debt, net of current portion — 3,467,902 434,627 11,702,378 — — (1,406,823 ) 14,198,084 Deferred satellite performance incentives, net of current portion — — — 210,706 210,706 — (210,706 ) 210,706 Deferred revenue, net of current portion — — — 906,521 906,521 223 (906,521 ) 906,744 Deferred income taxes — — — 156,081 156,081 12,444 (156,161 ) 168,445 Accrued retirement benefits — — — 186,086 186,086 198 (186,086 ) 186,284 Other long-term liabilities — — 1,554 139,434 139,434 7,093 (139,434 ) 148,081 Shareholders’ equity (deficit): Common shares 1,180 7,202 — 200 5,558,066 24 (5,565,492 ) 1,180 Other shareholders’ equity (deficit) (3,611,178 ) (3,818,209 ) (380,445 ) (652,109 ) 2,858,778 542,112 1,449,873 (3,611,178 ) Total liabilities and shareholders’ equity $ (3,084,490 ) $ 36,642 $ 68,853 $ 13,303,100 $ 12,664,175 $ 592,526 $ (10,638,797 ) $ 12,942,009 (Certain totals may not add due to the effects of rounding) INTELSAT S.A. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE YEAR ENDING DECEMBER 31, 2017 (in thousands) Intelsat S.A. Intelsat Intelsat Intelsat Jackson Non- Guarantor Subsidiaries Consolidation Consolidated Revenue $ 22,505 $ — $ — $ 2,003,186 $ 2,003,201 $ 511,940 $ (2,392,220 ) $ 2,148,612 Operating expenses: Direct costs of revenue (excluding depreciation and amortization) — — — 276,673 276,673 434,491 (665,621 ) 322,216 Selling, general and administrative 19,465 592 1,717 122,630 115,619 57,673 (113,681 ) 204,015 Depreciation and amortization — — — 689,244 689,244 18,580 (689,244 ) 707,824 Total operating expenses 19,465 592 1,717 1,088,547 1,081,536 510,744 (1,468,546 ) 1,234,055 Income (loss) from operations 3,040 (592 ) (1,717 ) 914,639 921,665 1,196 (923,674 ) 914,557 Interest expense (income), net 15,977 359,211 (14,116 ) 727,540 176,767 (53,617 ) (190,992 ) 1,020,770 Gain on early extinguishment of debt — 209,771 6 (4,612 ) — — (209,274 ) (4,109 ) Subsidiary income (165,800 ) 181,291 114,318 (2,704 ) (2,704 ) — (124,401 ) — Other income (expense), net (44 ) (786 ) 728 7,088 7,035 (1,133 ) (6,250 ) 6,638 Income before income taxes (178,781 ) 30,473 127,451 186,871 749,229 53,680 (1,072,607 ) (103,684 ) Provision for (benefit from) income taxes (53 ) — — 72,553 72,553 (1,370 ) (72,553 ) 71,130 Net income (178,728 ) 30,473 127,451 114,318 676,676 55,050 (1,000,054 ) (174,814 ) Net income attributable to noncontrolling interest — — — — — (3,914 ) — (3,914 ) Net income attributable to Intelsat S.A. $ (178,728 ) $ 30,473 $ 127,451 $ 114,318 $ 676,676 $ 51,136 $ (1,000,054 ) $ (178,728 ) (Certain totals may not add due to the effects of rounding) INTELSAT S.A. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2016 (in thousands) Intelsat S.A. Intelsat Intelsat Intelsat Jackson Non-Guarantor Subsidiaries Consolidation Consolidated Revenue $ 2,952 $ — $ — $ 1,999,114 $ 1,999,129 $ 562,372 $ (2,375,520 ) $ 2,188,047 Operating expenses: Direct costs of revenue (excluding depreciation and amortization) — — — 264,587 264,587 452,899 (640,926 ) 341,147 Selling, general and administrative 7,884 168 61 140,952 137,488 79,083 (134,239 ) 231,397 Depreciation and amortization — — — 676,542 676,542 18,349 (676,542 ) 694,891 Total operating expenses 7,884 168 61 1,082,081 1,078,617 550,331 (1,451,707 ) 1,267,435 Income (loss) from operations (4,932 ) (168 ) (61 ) 917,033 920,512 12,041 (923,813 ) 920,612 Interest expense (income), net 13,596 272,791 8 661,671 183,931 (9,505 ) (183,991 ) 938,501 Gain on early extinguishment of debt — — — 350,962 — — 679,130 1,030,092 Subsidiary income 1,008,614 605,685 597,995 9,869 9,869 — (2,232,032 ) — Other income (expense), net (4 ) — — (5,909 ) 1,812 3,808 (1,812 ) (2,105 ) Income before income taxes 990,082 332,726 597,926 610,284 748,262 25,354 (2,294,536 ) 1,010,098 Provision for (benefit from) income taxes (115 ) — — 12,290 12,290 3,811 (12,290 ) 15,986 Net income 990,197 332,726 597,926 597,994 735,972 21,543 (2,282,246 ) 994,112 Net income attributable to noncontrolling interest — — — — — (3,915 ) — (3,915 ) Net income attributable to Intelsat S.A. $ 990,197 $ 332,726 $ 597,926 $ 597,994 $ 735,972 $ 17,628 $ (2,282,246 ) $ 990,197 (Certain totals may not add due to the effects of rounding) INTELSAT S.A. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2015 (in thousands) Intelsat S.A. Intelsat Intelsat Jackson Non-Guarantor Subsidiaries Consolidation Consolidated Revenue $ — $ — $ 2,160,235 $ 2,160,251 $ 554,831 $ (2,522,796 ) $ 2,352,521 Operating expenses: Direct costs of revenue (exclusive of depreciation and amortization) — — 241,603 241,603 449,274 (603,979 ) 328,501 Selling, general and administrative 7,912 193 126,331 125,494 65,143 (125,661 ) 199,412 Impairment of goodwill and other intangibles — — 4,165,400 4,165,400 — (4,165,400 ) 4,165,400 Depreciation and amortization — — 654,784 654,784 32,945 (654,784 ) 687,729 Total operating expenses 7,912 193 5,188,118 5,187,281 547,362 (5,549,824 ) 5,381,042 Income (loss) from operations (7,912 ) (193 ) (3,027,883 ) (3,027,030 ) 7,469 3,027,028 (3,028,521 ) Interest expense (income), net 10,723 274,451 613,162 36,059 (8,057 ) (36,059 ) 890,279 Gain on early extinguishment of debt — 7,061 — — — — 7,061 Subsidiary income (loss) (3,904,747 ) (3,614,952 ) 11,983 11,983 — 7,495,733 — Other income (expense), net — — 4,367 (5,136 ) (10,568 ) 5,136 (6,201 ) Income (loss) before income taxes (3,923,382 ) (3,882,535 ) (3,624,695 ) (3,056,242 ) 4,958 10,563,956 (3,917,940 ) Provision for (benefit from) income taxes 3 — (1,871 ) (1,885 ) 3,381 1,885 1,513 Net income (loss) (3,923,385 ) (3,882,535 ) (3,622,824 ) (3,054,357 ) 1,577 10,562,071 (3,919,453 ) Net income attributable to noncontrolling interest — — — — (3,934 ) — (3,934 ) Net income (loss) attributable to Intelsat, S.A. (3,923,385 ) (3,882,535 ) (3,622,824 ) (3,054,357 ) (2,357 ) 10,562,071 (3,923,387 ) Cumulative preferred dividends (9,919 ) — — — — — (9,919 ) Net income (loss) attributable to common shareholders $ (3,933,304 ) $ (3,882,535 ) $ (3,622,824 ) $ (3,054,357 ) $ (2,357 ) $ 10,562,071 $ (3,933,306 ) (Certain totals may not add due to the effects of rounding) INTELSAT S.A. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDING DECEMBER 31, 2017 (in thousands) Intelsat Intelsat Luxembourg Intelsat Intelsat Jackson Jackson Non-Guarantor Subsidiaries Consolidation Consolidated Cash flows from operating activities: $ 27 $ (288,884 ) $ 30,297 $ 699,755 $ 778,307 $ 25,037 $ (780,309 ) $ 464,230 Cash flows from investing activities: Payments for satellites and other property and equipment (including capitalized interest) — — — (445,842 ) (445,842 ) (15,785 ) 445,842 (461,627 ) Repayment from (disbursements for) intercompany loans — — — (603 ) (603 ) — 1,206 — Investment in subsidiaries — (7,144 ) — (37,986 ) (31,486 ) — 76,616 — Dividend from affiliates — 286,454 286,454 13,755 13,755 — (600,418 ) — Purchase of cost method investments — — — (25,744 ) (25,744 ) — 25,744 (25,744 ) Capital contributions to unconsolidated affiliate — — — — — (30,714 ) — (30,714 ) Proceeds from insurance settlements — — — 49,788 49,788 — (49,788 ) 49,788 Net cash provided by (used in) investing activities — 279,310 286,454 (446,632 ) (440,132 ) (46,499 ) (100,798 ) (468,297 ) Cash flows from financing activities: Proceeds from issuance of long-term debt — — — 1,500,000 — — — 1,500,000 Repayments of long-term debt — — — (1,500,000 ) — — — (1,500,000 ) Proceeds from (repayment of) intercompany loans — — — — — 603 (603 ) — Debt issuance costs — (2,002 ) — (41,237 ) — — 2,002 (41,237 ) Payments on debt exchange — — (14 ) — — — — (14 ) Dividends paid to preferred shareholders — — — — (8,724 ) — 8,724 — Other payments for satellites — — — (35,396 ) (35,396 ) — 35,396 (35,396 ) Capital contribution from parent — — 7,144 — 63,023 37,986 (108,153 ) — Dividends to shareholders — — (286,454 ) (286,454 ) (477,425 ) (13,755 ) 1,064,088 — Principal payments on deferred satellite performance incentives — — — (37,186 ) (37,186 ) — 37,186 (37,186 ) Dividends paid to noncontrolling interest — — — — — (8,755 ) — (8,755 ) Restricted cash for collateral — — — (15,747 ) (1,901 ) (413 ) 1,901 (16,160 ) Other financing activities 476 — 414 — — — — 890 Net cash provided by (used in) financing activities 476 (2,002 ) (278,910 ) (416,020 ) (497,609 ) 15,666 1,040,541 (137,858 ) Effect of exchange rate changes on cash and cash equivalents (45 ) (2 ) (4 ) 1,708 1,714 (541 ) (1,714 ) 1,116 Net change in cash and cash equivalents 458 (11,578 ) 37,837 (161,189 ) (157,720 ) (6,337 ) 157,720 (140,809 ) Cash and cash equivalents, beginning of period 552 59,752 29,985 495,225 414,339 80,510 (414,339 ) 666,024 Cash and cash equivalents, end of period $ 1,010 $ 48,174 $ 67,822 $ 334,036 $ 256,619 $ 74,173 $ (256,619 ) $ 525,215 (Certain totals may not add due to the effects of rounding) INTELSAT S.A. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2016 (in thousands) Intelsat S.A. Intelsat Luxembourg Intelsat Intelsat Jackson Jackson Non-Guarantor Subsidiaries Consolidation Consolidated Cash flows from operating activities: $ (10,234 ) $ 89,342 $ 4,764 $ 917,923 $ 1,506,746 $ (314,986 ) $ (1,510,049 ) $ 683,506 Cash flows from investing activities: Payments for satellites and other property and equipment (including capitalized interest) — — — (699,213 ) (699,213 ) (15,357 ) 699,213 (714,570 ) Repayment from (disbursements for) intercompany loans 4,895 — — — — 359,237 (364,132 ) — Investment in subsidiaries (6,087 ) (300,050 ) — (30,655 ) (10,955 ) — 347,747 — Dividend from affiliates — 269,700 — 8,980 8,980 — (287,660 ) — Purchase of cost method investment — — — (4,000 ) (4,000 ) — 4,000 (4,000 ) Capital contributions to unconsolidated affiliate — — — — — (10,340 ) — (10,340 ) Other investing activities — — — — — (1,679 ) — (1,679 ) Net cash provided by (used in) investing activities (1,192 ) (30,350 ) — (724,888 ) (705,188 ) 331,861 399,168 (730,589 ) Cash flows from financing activities: Proceeds from issuance of long-term debt — — — 1,250,000 — — — 1,250,000 Repayments of long-term debt — — — (328,944 ) — — — (328,944 ) Proceeds from (repayment of) intercompany loans — — — (364,132 ) (12,438 ) — 376,570 — Payment of premium on early extinguishment of debt — — — (32 ) — — — (32 ) Debt issuance costs — — (15,562 ) (26,133 ) — — 3,302 (38,393 ) Payments on tender, debt exchange and consent transaction — — (259,267 ) (34,009 ) — — — (293,276 ) Dividends paid to preferred shareholders (4,959 ) — — — — — — (4,959 ) Other payments for satellites — — — (18,333 ) (18,333 ) — 18,333 (18,333 ) Capital contribution from parent — — 300,050 — 96,658 36,742 (433,450 ) — Dividends to shareholders — — — (269,700 ) (524,327 ) (8,980 ) 803,007 — Principal payments on deferred satellite performance incentives — — — (17,429 ) (17,429 ) — 17,429 (17,429 ) Dividends paid to noncontrolling interest — — — — — (8,980 ) — (8,980 ) Other financing activities — — — 1,942 — — — 1,942 Net cash provided by (used in) financing activities (4,959 ) — 25,221 193,230 (475,869 ) 18,782 785,191 541,596 Effect of exchange rate changes on cash and cash equivalents (4 ) — — (999 ) (991 ) 972 992 (30 ) Net change in cash and cash equivalents (16,389 ) 58,992 29,985 385,266 324,698 36,629 (324,698 ) 494,483 Cash and cash equivalents, beginning of period 16,941 760 — 109,959 89,641 43,881 (89,641 ) 171,541 Cash and cash equivalents, end of period $ 552 $ 59,752 $ 29,985 $ 495,225 $ 414,339 $ 80,510 $ (414,339 ) $ 666,024 (Certain totals may not add due to the effects of rounding) INTELSAT S.A. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2015 (in thousands) Intelsat S.A. Intelsat Luxembourg Intelsat Jackson Jackson Non-Guarantor Subsidiaries Consolidation Consolidated Cash flows from operating activities: $ 724 $ (251,879 ) $ 1,138,747 $ 1,629,412 $ 22,438 $ (1,629,411 ) $ 910,031 Cash flows from investing activities: Payments for satellites and other property and equipment (including capitalized interest) — — (720,273 ) (720,273 ) (4,089 ) 720,273 (724,362 ) Repayment from (disbursements for) intercompany loans 9,538 — 2,064 2,064 (346,799 ) 333,133 — Investment in subsidiaries (7,355 ) (610,000 ) (198 ) (40,444 ) — 657,997 — Dividend from affiliates 19,000 898,400 28,423 28,423 — (974,246 ) — Purchase of cost method investment — — (25,000 ) (25,000 ) — 25,000 (25,000 ) Other investing activities — — 432 432 (424 ) (432 ) 8 Net cash provided by (used in) investing activities 21,183 288,400 (714,552 ) (754,798 ) (351,312 ) 761,725 (749,354 ) Cash flows from financing activities: Repayments of long-term debt — (17,829 ) (479,000 ) — — — (496,829 ) Proceeds from drawdown of long-term debt — — 430,000 — — — 430,000 Proceeds from (repayment of) intercompany borrowing (1,430 ) — 337,261 — (634 ) (335,197 ) — Dividends paid to preferred shareholders (9,919 ) — — — — — (9,919 ) Capital contribution from parent — — 250,000 86,316 367,553 (703,869 ) — Dividends to shareholders — (19,000 ) (898,400 ) (916,697 ) (28,423 ) 1,862,520 — Principal payments on deferred satellite performance incentives — — (18,405 ) (18,405 ) (1,163 ) 18,405 (19,568 ) Dividends paid to noncontrolling interest — — — — (8,423 ) — (8,423 ) Other financing activities 154 — 1,600 1,600 — (1,601 ) 1,753 Net cash provided by (used in) financing activities (11,195 ) (36,829 ) (376,944 ) (847,186 ) 328,910 840,258 (102,986 ) Effect of exchange rate changes on cash and cash equivalents — — (925 ) (931 ) (8,372 ) 931 (9,297 ) Net change in cash and cash equivalents 10,712 (308 ) 46,326 26,497 (8,336 ) (26,497 ) 48,394 Cash and cash equivalents, beginning of period 6,229 1,068 63,633 63,144 52,217 (63,144 ) 123,147 Cash and cash equivalents, end of period $ 16,941 $ 760 $ 109,959 $ 89,641 $ 43,881 $ (89,641 ) $ 171,541 |