Condensed Consolidating Financial Information | NOTE 18 — CONDENSED CONSOLIDATING FINANCIAL INFORMATION On May 3, 2018, and in connection with the Separation, Apergy completed the issuance of $300 million of senior notes, the payment obligations of which are fully and unconditionally guaranteed by certain 100-percent-owned • Apergy Corporation (issuer) • 100-percent-owned • All other non-guarantor • Adjustments necessary to present Apergy results on a consolidated basis. This condensed consolidating financial information should be read in conjunction with the accompanying consolidated financial statements and notes. Three Months Ended September 30, 2018 (in thousands) Apergy Subsidiary Subsidiary non-guarantors Adjustments and Total Product revenue $ — $ 250,549 $ 32,553 $ — $ 283,102 Service revenue — 13,757 6,714 — 20,471 Lease and other revenue — 12,531 364 — 12,895 Related party revenue — 5,944 4,853 (10,797 ) — Total revenue — 282,781 44,484 (10,797 ) 316,468 Cost of goods and services — 175,718 37,899 (10,883 ) 202,734 Gross profit — 107,063 6,585 86 113,734 Selling, general and administrative expense 87 63,470 5,465 — 69,022 Interest expense, net 10,491 84 9 — 10,584 Other expense (income), net — (524 ) 1,434 — 910 Income (loss) before income taxes and equity in earnings of affiliates (10,578 ) 44,033 (323 ) 86 33,218 Provision for (benefit from) income taxes (2,575 ) 8,744 1,536 18 7,723 Income (loss) before equity in earnings of affiliates (8,003 ) 35,289 (1,859 ) 68 25,495 Equity in earnings of affiliates 33,266 5,344 12,604 (51,214 ) — Net income 25,263 40,633 10,745 (51,146 ) 25,495 Net income attributable to noncontrolling interest — — 232 — 232 Net income attributable to Apergy $ 25,263 $ 40,633 $ 10,513 $ (51,146 ) $ 25,263 Comprehensive income attributable to Apergy $ 25,187 $ 39,904 $ 11,166 $ (51,070 ) $ 25,187 Three Months Ended September 30, 2017 (in thousands) Apergy Subsidiary Subsidiary non-guarantors Adjustments and Total Product revenue $ — $ 203,623 $ 32,225 $ — $ 235,848 Service revenue — 9,419 6,729 — 16,148 Lease and other revenue — 6,296 351 — 6,647 Related party revenue — 7,656 3,232 (10,877 ) 11 Total revenue — 226,994 42,537 (10,877 ) 258,654 Cost of goods and services — 148,389 36,261 (10,770 ) 173,880 Gross profit — 78,605 6,276 (107 ) 84,774 Selling, general and administrative expense — 50,448 4,380 — 54,828 Interest expense, net — 78 1 — 79 Other expense, net — 2,816 124 1 2,941 Income before income taxes and equity in earnings of affiliates — 25,263 1,771 (108 ) 26,926 Provision for income taxes — 7,938 340 (37 ) 8,241 Income before equity in earnings of affiliates — 17,325 1,431 (71 ) 18,685 Equity in earnings of affiliates 18,421 2,435 3,006 (23,862 ) — Net income 18,421 19,760 4,437 (23,933 ) 18,685 Net income attributable to noncontrolling interest — — 264 — 264 Net income attributable to Apergy $ 18,421 $ 19,760 $ 4,173 $ (23,933 ) $ 18,421 Comprehensive income attributable to Apergy $ 23,791 $ 20,195 $ 9,108 $ (29,303 ) $ 23,791 Nine Months Ended September 30, 2018 (in thousands) Apergy Subsidiary Subsidiary non-guarantors Adjustments and Total Product revenue $ — $ 714,226 $ 94,084 $ — $ 808,310 Service revenue — 42,344 19,670 — 62,014 Lease and other revenue — 34,855 1,139 — 35,994 Related party revenue — 18,598 13,565 (32,163 ) — Total revenue — 810,023 128,458 (32,163 ) 906,318 Cost of goods and services — 515,005 111,142 (31,542 ) 594,605 Gross profit — 295,018 17,316 (621 ) 311,713 Selling, general and administrative expense 1,588 176,733 16,247 — 194,568 Interest expense, net 16,494 288 32 (1 ) 16,813 Other expense, net — 1,872 1,851 1 3,724 Income (loss) before income taxes and equity in earnings of affiliates (18,082 ) 116,125 (814 ) (621 ) 96,608 Provision for (benefit from) income taxes (4,217 ) 24,076 4,595 (130 ) 24,324 Income (loss) before equity in earnings of affiliates (13,865 ) 92,049 (5,409 ) (491 ) 72,284 Equity in earnings of affiliates 85,854 18,811 37,568 (142,233 ) — Net income 71,989 110,860 32,159 (142,724 ) 72,284 Net income attributable to noncontrolling interest — — 295 — 295 Net income attributable to Apergy $ 71,989 $ 110,860 $ 31,864 $ (142,724 ) $ 71,989 Comprehensive income attributable to Apergy $ 63,613 $ 110,214 $ 24,134 $ (134,348 ) $ 63,613 Nine Months Ended September 30, 2017 (in thousands) Apergy Subsidiary Subsidiary non-guarantors Adjustments and Total Product revenue $ — $ 590,554 $ 89,283 $ — $ 679,837 Service revenue — 25,060 21,103 — 46,163 Lease and other revenue — 17,501 1,573 — 19,074 Related party revenue — 19,477 9,702 (29,160 ) 19 Total revenue — 652,592 121,661 (29,160 ) 745,093 Cost of goods and services — 425,792 103,259 (28,722 ) 500,329 Gross profit — 226,800 18,402 (438 ) 244,764 Selling, general and administrative expense — 149,145 13,214 — 162,359 Interest expense, net — 196 3 — 199 Other expense, net — 7,611 318 — 7,929 Income before income taxes and equity in earnings of affiliates — 69,848 4,867 (438 ) 74,277 Provision for income taxes — 22,726 400 (153 ) 22,973 Income before equity in earnings of affiliates — 47,122 4,467 (285 ) 51,304 Equity in earnings of affiliates 50,444 5,579 5,446 (61,469 ) — Net income 50,444 52,701 9,913 (61,754 ) 51,304 Net income attributable to noncontrolling interest — — 860 — 860 Net income attributable to Apergy $ 50,444 $ 52,701 $ 9,053 $ (61,754) $ 50,444 Comprehensive income attributable to Apergy $ 57,538 $ 53,055 $ 15,793 $ (68,848) $ 57,538 September 30, 2018 (in thousands) Apergy Subsidiary Subsidiary non-guarantors Adjustments and Total Assets Cash and cash equivalents $ 108 $ 8,308 $ 9,598 $ — $ 18,014 Receivables — 245,950 40,797 (8,821 ) 277,926 Inventories — 189,536 31,146 (1,549 ) 219,133 Prepaid and other current assets 71 18,846 1,907 — 20,824 Total current assets 179 462,640 83,448 (10,370 ) 535,897 Property, plant and equipment, net — 222,425 13,642 — 236,067 Goodwill — 633,771 272,995 — 906,766 Advances due from affiliates 660,836 14,228 81,199 (756,263 ) — Intercompany notes receivable — 1,394 4 (1,398 ) — Investment in subsidiaries 978,944 688,890 542,462 (2,210,296 ) — Intangible assets, net — 207,694 89,703 — 297,397 Other assets and deferred charges 4,226 2,292 711 — 7,229 Total assets 1,644,185 2,233,334 1,084,164 (2,978,327 ) 1,983,356 Liabilities and Equity Accounts payable 30 113,497 22,397 (8,821 ) 127,103 Accrued compensation and employee benefits — 31,619 5,369 — 36,988 Other accrued expenses (3,811 ) 784,752 28,703 (756,590 ) 53,054 Total current liabilities (3,781 ) 929,868 56,469 (765,411 ) 217,145 Intercompany notes payable — 4 1,394 (1,398 ) — Long-term debt 683,206 4,321 16 — 687,543 Deferred income taxes — 73,089 20,049 — 93,138 Other long-term liabilities — 19,459 1,311 — 20,770 Total liabilities 679,425 1,026,741 79,239 (766,809 ) 1,018,596 Equity: Stockholders’ capital 964,760 1,213,290 1,034,542 (2,211,518 ) 1,001,074 Accumulated other comprehensive loss — (6,697 ) (31,830 ) — (38,527 ) Total stockholders’ equity 964,760 1,206,593 1,002,712 (2,211,518 ) 962,547 Noncontrolling interest — — 2,213 — 2,213 Total equity 964,760 1,206,593 1,004,925 (2,211,518 ) 964,760 Total liabilities and equity $ 1,644,185 $ 2,233,334 $ 1,084,164 $ (2,978,327 ) $ 1,983,356 December 31, 2017 (in thousands) Apergy Subsidiary Subsidiary non- Adjustments Total Assets Cash and cash equivalents $ — $ 5,763 $ 17,949 $ — $ 23,712 Receivables — 171,363 34,335 (3,674 ) 202,024 Inventories — 175,031 27,488 (928 ) 201,591 Prepaid and other current assets — 11,990 2,048 — 14,038 Total current assets — 364,147 81,820 (4,602 ) 441,365 Property, plant and equipment, net — 195,579 16,253 — 211,832 Goodwill — 633,734 276,354 — 910,088 Advances due from affiliates — 10,299 60,109 (70,408 ) — Investment in subsidiaries 1,640,034 801,235 388,315 (2,829,584 ) — Intangible assets, net — 234,795 103,715 — 338,510 Other assets and deferred charges — 2,129 851 — 2,980 Total assets 1,640,034 2,241,918 927,417 (2,904,594 ) 1,904,775 Liabilities and Equity Accounts payable — 83,864 18,636 (3,674 ) 98,826 Accrued compensation and employee benefits — 24,875 5,414 — 30,289 Other accrued expenses — 74,393 18,289 (70,732 ) 21,950 Total current liabilities — 183,132 42,339 (74,406 ) 151,065 Deferred income taxes — 75,075 21,910 — 96,985 Other liabilities — 16,657 34 — 16,691 Equity: Parent Company investment in Apergy 1,640,034 1,971,790 880,064 (2,830,188 ) 1,661,700 Accumulated other comprehensive loss — (4,736 ) (21,679 ) — (26,415 ) Total Parent Company equity 1,640,034 1,967,054 858,385 (2,830,188 ) 1,635,285 Noncontrolling interest — — 4,749 — 4,749 Total equity 1,640,034 1,967,054 863,134 (2,830,188 ) 1,640,034 Total liabilities and equity $ 1,640,034 $ 2,241,918 $ 927,417 $ (2,904,594 ) $ 1,904,775 Nine Months Ended September 30, 2018 (in thousands) Apergy Subsidiary Subsidiary non-guarantors Adjustments and Total Cash provided (required) by operating activities $ (16,694 ) $ 103,911 $ 6,588 $ (999 ) $ 92,806 Cash provided (required) by investing activities: Capital expenditures — (43,746 ) (2,086 ) — (45,832 ) Proceeds from sale of property, plant, and equipment — 938 32 — 970 Purchase price adjustments on acquisition — — 53 — 53 Net cash required by investing activities — (42,808 ) (2,001 ) — (44,809 ) Cash provided (required) by financing activities: Proceeds from long-term debt, net of discounts 713,963 — — — 713,963 Payment of debt issue costs (16,006 ) — — — (16,006 ) Repayment of long-term debt (20,000 ) — — — (20,000 ) Advances due to/(from) affiliates (660,836 ) 677,999 (17,163 ) — — Net transfers to Parent Company and intercompany distributions (319 ) (736,557 ) 7,020 999 (728,857 ) Distributions to noncontrolling interest — — (2,720 ) — (2,720 ) Net cash provided (required) by financing activities 16,802 (58,558 ) (12,863 ) 999 (53,620 ) Effect of exchange rate changes on cash and cash equivalents — — (75 ) — (75 ) Net increase (decrease) in cash and cash equivalents 108 2,545 (8,351 ) — (5,698 ) Cash and cash equivalents at beginning of period — 5,763 17,949 — 23,712 Cash and cash equivalents at end of period $ 108 $ 8,308 $ 9,598 $ — $ 18,014 Nine Months Ended September 30, 2017 (in thousands) Apergy Subsidiary Subsidiary non-guarantors Adjustments and Total Cash provided by operating activities $ — $ 38,153 $ 2,899 $ 153 $ 41,205 Cash provided (required) by investing activities: Capital expenditures — (28,221 ) (1,224 ) — (29,445 ) Proceeds from sale of property, plant, and equipment — 2,596 20 — 2,616 Net cash required by investing activities — (25,625 ) (1,204 ) — (26,829 ) Cash provided (required) by financing activities: Net transfers to Parent Company and intercompany distributions — (13,132 ) (5,935 ) (153 ) (19,220 ) Distributions to noncontrolling interest — — (1,212 ) — (1,212 ) Net cash required by financing activities — (13,132 ) (7,147 ) (153 ) (20,432 ) Effect of exchange rate changes on cash and cash equivalents — — 3,476 — 3,476 Net decrease in cash and cash equivalents — (604 ) (1,976 ) — (2,580 ) Cash and cash equivalents at beginning of period — 3,730 22,297 — 26,027 Cash and cash equivalents at end of period $ — $ 3,126 $ 20,321 $ — $ 23,447 | 20. Condensed Combining Financial Information On May 3, 2018, and in connection with the Separation, Apergy completed the issuance of $300 million of senior notes, the payment obligations of which are fully and unconditionally guaranteed by certain 100-percent-owned subsidiaries of Apergy on a joint and several basis. The following financial information presents the results of operations, financial position and cash flows for: • Apergy Corporation (issuer) • 100-percent-owned guarantor subsidiaries • All other non-guarantor subsidiaries • Adjustments necessary to present Apergy results on a combined basis. This condensed combining financial information should be read in conjunction with the accompanying combined financial statements and notes. Year Ended December 31, 2017 (in thousands) Apergy Subsidiary Subsidiary non-guarantors Adjustments Total Revenue $ — $ 881,187 $ 164,507 $ (36,103 ) $ 1,009,591 Cost of goods and services — 586,519 140,516 (35,911 ) 691,124 Gross profit — 294,668 23,991 (192 ) 318,467 Selling, general and administrative expense — 200,839 18,678 — 219,517 Operating income (loss) — 93,829 5,313 (192 ) 98,950 Other expense, net — 9,429 237 — 9,666 Income before income taxes and equity in earnings of affiliates — 84,400 5,076 (192 ) 89,284 Benefit from income taxes — (10,680 ) (11,537 ) (67 ) (22,284 ) Income before equity in earnings of affiliates — 95,080 16,613 (125 ) 111,568 Equity in earnings of affiliates 110,638 22,110 11,020 (143,768 ) — Net income 110,638 117,190 27,633 (143,893 ) 111,568 Net income attributable to noncontrolling interest — — 930 — 930 Net income attributable to Apergy $ 110,638 $ 117,190 $ 26,703 $ (143,893 ) $ 110,638 Comprehensive income attributable to Apergy $ 117,852 $ 120,042 $ 31,065 $ (151,102 ) $ 117,852 Year Ended December 31, 2016 (in thousands) Apergy Subsidiary Subsidiary non-guarantors Adjustments Total Revenue $ — $ 644,392 $ 142,614 $ (35,669 ) $ 751,337 Cost of goods and services — 459,465 132,350 (35,806 ) 556,009 Gross profit — 184,927 10,264 137 195,328 Selling, general and administrative expense — 183,892 21,517 — 205,409 Operating income (loss) — 1,035 (11,253 ) 137 (10,081 ) Other expense, net — 8,550 203 0 8,753 Loss before income taxes and equity in earnings of affiliates — (7,515 ) (11,456 ) 137 (18,834 ) Benefit from income taxes — (2,750 ) (5,341 ) 48 (8,043 ) Loss before equity in losses of affiliates — (4,765 ) (6,115 ) 89 (10,791 ) Equity in losses of affiliates (12,642 ) (23,668 ) (8,273 ) 44,583 — Net loss (12,642 ) (28,433 ) (14,388 ) 44,672 (10,791 ) Net income attributable to noncontrolling interest — — 1,851 — 1,851 Net loss attributable to Apergy $ (12,642 ) $ (28,433 ) $ (16,239 ) $ 44,672 $ (12,642 ) Comprehensive loss attributable to Apergy $ (11,577 ) $ (28,402 ) $ (15,205 ) $ 43,607 $ (11,577 ) Year Ended December 31, 2015 (in thousands) Apergy Subsidiary Subsidiary non-guarantors Adjustments Total Revenue $ — $ 923,957 $ 192,682 $ (39,959 ) $ 1,076,680 Cost of goods and services — 604,715 177,504 (40,178 ) 742,041 Gross profit — 319,242 15,178 219 334,639 Selling, general and administrative expense — 220,897 24,826 — 245,723 Operating income (loss) — 98,345 (9,648 ) 219 88,916 Other expense (income), net — 10,606 (376 ) 1421 11,651 Income (loss) before income taxes and equity in earnings (losses) of affiliates — 87,739 (9,272 ) (1,202 ) 77,265 Provision for (benefit from) income taxes — 29,485 (5,431 ) 77 24,131 Income (loss) before equity in earnings of affiliates — 58,254 (3,841 ) (1,279 ) 53,134 Equity in earnings (losses) of affiliates 51,698 (17,980 ) 2,762 (36,480 ) — Net income (loss) 51,698 40,274 (1,079 ) (37,759 ) 53,134 Net income attributable to noncontrolling interest — — 1,436 — 1,436 Net income (loss) attributable to Apergy $ 51,698 $ 40,274 $ (2,515 ) $ (37,759 ) $ 51,698 Comprehensive income (loss) attributable to Apergy $ 39,738 $ 39,594 $ (13,795 ) $ (25,799 ) $ 39,738 December 31, 2017 (in thousands) Apergy Subsidiary Subsidiary non- Adjustments Total Assets Cash and cash equivalents $ — $ 5,763 $ 17,949 $ — $ 23,712 Receivables — 171,363 34,335 (3,674 ) 202,024 Inventories — 175,031 27,488 (928 ) 201,591 Prepaid and other current assets — 11,990 2,048 — 14,038 Total current assets — 364,147 81,820 (4,602 ) 441,365 Property, plant and equipment, net — 195,579 16,253 — 211,832 Goodwill — 633,734 276,354 — 910,088 Advances due from affiliates — 10,299 60,109 (70,408 ) — Investment in subsidiaries 1,640,034 801,235 388,315 (2,829,584 ) — Intangible assets, net — 234,795 103,715 — 338,510 Other assets and deferred charges — 2,129 851 — 2,980 Total assets 1,640,034 2,241,918 927,417 (2,904,594 ) 1,904,775 Liabilities and Equity Accounts payable — 83,864 18,636 (3,674 ) 98,826 Accrued compensation and employee benefits — 24,875 5,414 — 30,289 Other accrued expenses — 74,393 18,289 (70,732 ) 21,950 Total current liabilities — 183,132 42,339 (74,406 ) 151,065 Deferred income taxes — 75,075 21,910 — 96,985 Other liabilities — 16,657 34 — 16,691 Equity: Parent Company investment in Apergy 1,640,034 1,971,790 880,064 (2,830,188 ) 1,661,700 Accumulated other comprehensive loss — (4,736 ) (21,679 ) — (26,415 ) Total Parent Company equity 1,640,034 1,967,054 858,385 (2,830,188 ) 1,635,285 Noncontrolling interest — — 4,749 — 4,749 Total equity 1,640,034 1,967,054 863,134 (2,830,188 ) 1,640,034 Total liabilities and equity $ 1,640,034 $ 2,241,918 $ 927,417 $ (2,904,594 ) $ 1,904,775 December 31, 2016 (in thousands) Apergy Subsidiary Subsidiary non- Adjustments Total Assets Cash and cash equivalents $ — $ 3,730 $ 22,297 $ — $ 26,027 Receivables — 116,340 29,511 (6,366 ) 139,485 Inventories — 161,314 23,979 (735 ) 184,558 Prepaid and other current assets — 4,090 2,161 — 6,251 Total current assets — 285,474 77,948 (7,101 ) 356,321 Property, plant and equipment, net — 180,292 21,455 — 201,747 Goodwill — 633,734 268,845 — 902,579 Advances due from affiliates — 10,464 64,521 (74,985 ) — Investment in subsidiaries 1,551,353 753,916 348,046 (2,653,315 ) — Intangible assets, net — 273,127 113,690 — 386,817 Other assets and deferred charges — 2,499 932 — 3,431 Total assets 1,551,353 2,139,506 895,437 (2,735,401 ) 1,850,895 Liabilities and Equity Accounts payable — 53,195 19,451 (6,366 ) 66,280 Accrued compensation and employee benefits — 20,450 4,338 — 24,788 Other accrued expenses — 81,402 15,466 (75,242 ) 21,626 Total current liabilities — 155,047 39,255 (81,608 ) 112,694 Deferred income taxes — 125,490 42,075 — 167,565 Other liabilities — 19,009 274 — 19,283 Equity: Parent Company investment in Apergy 1,551,353 1,847,548 834,843 (2,653,793 ) 1,579,951 Accumulated other comprehensive loss — (7,588 ) (26,041 ) — (33,629 ) Total Parent Company equity 1,551,353 1,839,960 808,802 (2,653,793 ) 1,546,322 Noncontrolling interest — — 5,031 — 5,031 Total equity 1,551,353 1,839,960 813,833 (2,653,793 ) 1,551,353 Total liabilities and equity $ 1,551,353 $ 2,139,506 $ 895,437 $ (2,735,401 ) $ 1,850,895 Year Ended December 31, 2017 (in thousands) Apergy Subsidiary Subsidiary non- Adjustments Total Cash provided (required) by operating activities $ — $ 65,289 $ 11,561 $ 67 $ 76,917 Cash provided (required) by investing activities: Additions to property, plant and equipment — (39,565 ) (1,646 ) — (41,211 ) Proceeds from sale of property, plant, and equipment — 3,433 114 — 3,547 Acquisition (net of cash and cash equivalents acquired) — — (8,842 ) — (8,842 ) Net cash required by investing activities — (36,132 ) (10,374 ) — (46,506 ) Cash provided (required) by financing activities: Change in borrowings, net — — (599 ) — (599 ) Distributions to noncontrolling interest — — (1,212 ) — (1,212 ) Net transfers to Parent Company and intercompany distributions — (27,124 ) (4,001 ) (67 ) (31,192 ) Net cash required by financing activities — (27,124 ) (5,812 ) (67 ) (33,003 ) Effect of exchange rate changes on cash and cash equivalents — — 277 — 277 Net increase (decrease) in cash and cash equivalents — 2,033 (4,348 ) — (2,315 ) Cash and cash equivalents at beginning of period — 3,730 22,297 — 26,027 Cash and cash equivalents at end of period $ — $ 5,763 $ 17,949 $ — $ 23,712 Year Ended December 31, 2016 (in thousands) Apergy Subsidiary Subsidiary non- Adjustments Total Cash provided by operating activities $ — $ 103,788 $ 25,979 $ (48 ) $ 129,709 Cash provided (required) by investing activities: Additions to property, plant and equipment — (23,080 ) (3,774 ) — (26,854 ) Proceeds from sale of property, plant, and equipment — 2,245 281 — 2,526 Additions to intangible assets — (3,700 ) — — (3,700 ) Net cash required by investing activities — (24,535 ) (3,493 ) — (28,028 ) Cash provided (required) by financing activities: Distributions to noncontrolling interest — — (1,727 ) — (1,727 ) Net transfers to Parent Company and intercompany distributions — (78,232 ) (6,070 ) 48 (84,254 ) Net cash required by financing activities — (78,232 ) (7,797 ) 48 (85,981 ) Effect of exchange rate changes on cash and cash equivalents — — (90 ) — (90 ) Net increase in cash and cash equivalents — 1,011 14,599 — 15,610 Cash and cash equivalents at beginning of period — 2,719 7,698 — 10,417 Cash and cash equivalents at end of period $ — $ 3,730 $ 22,297 $ — $ 26,027 Year Ended December 31, 2015 (in thousands) Apergy Subsidiary Subsidiary non- Adjustments Total Cash provided (required) by operating activities $ — $ 137,352 $ 79,817 $ (1,498 ) $ 215,671 Cash provided (required) by investing activities: Additions to property, plant and equipment — (30,750 ) (1,235 ) — (31,985 ) Proceeds from sale of property, plant, and equipment — 3,814 4,070 — 7,884 Additions to intangible assets — (10,000 ) — — (10,000 ) Net cash provided (required) by investing activities — (36,936 ) 2,835 — (34,101 ) Cash provided (required) by financing activities: Net transfers to Parent Company and intercompany distributions — (108,909 ) (87,566 ) 1,498 (194,977 ) Net cash provided by (required by) financing activities — (108,909 ) (87,566 ) 1,498 (194,977 ) Effect of exchange rate changes on cash and cash equivalents — — (531 ) — (531 ) Net decrease in cash and cash equivalents — (8,493 ) (5,445 ) — (13,938 ) Cash and cash equivalents at beginning of period — 11,212 13,143 — 24,355 Cash and cash equivalents at end of period $ — $ 2,719 $ 7,698 $ — $ 10,417 |