Condensed Consolidating Financial Information | 6 Months Ended |
Jun. 30, 2014 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Condensed Consolidating Financial Information | ' |
Condensed Consolidating Financial Information |
The following tables present condensed consolidating financial information for: Owens & Minor, Inc. (O&M); the guarantors of Owens & Minor, Inc.’s Senior Notes, on a combined basis; and the non-guarantor subsidiaries of the Senior Notes, on a combined basis. The guarantor subsidiaries are 100% owned by Owens & Minor, Inc. Separate financial statements of the guarantor subsidiaries are not presented because the guarantees by our guarantor subsidiaries are full and unconditional, as well as joint and several, and we believe the condensed consolidating financial information is more meaningful in understanding the financial position, results of operations and cash flows of the guarantor subsidiaries. |
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Three Months Ended June 30, 2014 | Owens & | | Guarantor | | Non-guarantor | | Eliminations | | Consolidated |
Minor, Inc. | Subsidiaries | Subsidiaries |
Statements of Income | | | | | | | | | |
Net revenue | $ | — | | | $ | 2,187,130 | | | $ | 137,683 | | | $ | (18,955 | ) | | $ | 2,305,858 | |
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Cost of goods sold | — | | | 1,978,815 | | | 63,299 | | | (18,528 | ) | | 2,023,586 | |
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Gross margin | — | | | 208,315 | | | 74,384 | | | (427 | ) | | 282,272 | |
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Selling, general and administrative expenses | 61 | | | 152,122 | | | 73,655 | | | — | | | 225,838 | |
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Acquisition-related and exit and realignment charges | — | | | 3,886 | | | 3,707 | | | — | | | 7,593 | |
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Depreciation and amortization | 2 | | | 8,790 | | | 5,100 | | | — | | | 13,892 | |
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Other operating income, net | — | | | (814 | ) | | (1,338 | ) | | — | | | (2,152 | ) |
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Operating earnings (loss) | (63 | ) | | 44,331 | | | (6,740 | ) | | (427 | ) | | 37,101 | |
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Interest expense (income), net | 2,924 | | | 791 | | | (373 | ) | | — | | | 3,342 | |
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Income (loss) before income taxes | (2,987 | ) | | 43,540 | | | (6,367 | ) | | (427 | ) | | 33,759 | |
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Income tax (benefit) provision | (1,200 | ) | | 17,808 | | | (2,725 | ) | | — | | | 13,883 | |
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Equity in earnings of subsidiaries | 21,663 | | | — | | | — | | | (21,663 | ) | | — | |
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Net income (loss) | 19,876 | | | 25,732 | | | (3,642 | ) | | (22,090 | ) | | 19,876 | |
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Other comprehensive income (loss) | (443 | ) | | 111 | | | (570 | ) | | 459 | | | (443 | ) |
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Comprehensive income (loss) | $ | 19,433 | | | $ | 25,843 | | | $ | (4,212 | ) | | $ | (21,631 | ) | | $ | 19,433 | |
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Three Months Ended June 30, 2013 | Owens & | | Guarantor | | Non-guarantor | | Eliminations | | Consolidated |
Minor, Inc. | Subsidiaries | Subsidiaries |
Statements of Income | | | | | | | | | |
Net revenue | $ | — | | | $ | 2,143,576 | | | $ | 104,259 | | | $ | (11,758 | ) | | $ | 2,236,077 | |
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Cost of goods sold | — | | | 1,932,112 | | | 42,201 | | | (11,667 | ) | | 1,962,646 | |
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Gross margin | — | | | 211,464 | | | 62,058 | | | (91 | ) | | 273,431 | |
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Selling, general and administrative expenses | 221 | | | 152,387 | | | 59,940 | | | — | | | 212,548 | |
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Acquisition-related and exit and realignment charges | — | | | 397 | | | 241 | | | — | | | 638 | |
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Depreciation and amortization | 3 | | | 8,865 | | | 3,408 | | | — | | | 12,276 | |
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Other operating income, net | — | | | (1,498 | ) | | (583 | ) | | — | | | (2,081 | ) |
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Operating earnings (loss) | (224 | ) | | 51,313 | | | (948 | ) | | (91 | ) | | 50,050 | |
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Interest expense (income), net | 5,154 | | | (1,696 | ) | | (210 | ) | | — | | | 3,248 | |
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Income (loss) before income taxes | (5,378 | ) | | 53,009 | | | (738 | ) | | (91 | ) | | 46,802 | |
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Income tax (benefit) provision | (2,045 | ) | | 20,594 | | | (618 | ) | | (1 | ) | | 17,930 | |
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Equity in earnings of subsidiaries | 32,205 | | | — | | | — | | | (32,205 | ) | | — | |
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Net income (loss) | 28,872 | | | 32,415 | | | (120 | ) | | (32,295 | ) | | 28,872 | |
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Other comprehensive income (loss) | 1,880 | | | 209 | | | 1,682 | | | (1,891 | ) | | 1,880 | |
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Comprehensive income (loss) | $ | 30,752 | | | $ | 32,624 | | | $ | 1,562 | | | $ | (34,186 | ) | | $ | 30,752 | |
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Six Months Ended June 30, 2014 | Owens & | | Guarantor | | Non-guarantor | | Eliminations | | Consolidated |
Minor, Inc. | Subsidiaries | Subsidiaries |
Net revenue | $ | — | | | $ | 4,335,495 | | | $ | 257,558 | | | $ | (30,814 | ) | | $ | 4,562,239 | |
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Cost of goods sold | — | | | 3,918,280 | | | 110,897 | | | (30,406 | ) | | 3,998,771 | |
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Gross margin | — | | | 417,215 | | | 146,661 | | | (408 | ) | | 563,468 | |
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Selling, general and administrative expenses | 14 | | | 306,372 | | | 145,062 | | | — | | | 451,448 | |
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Acquisition-related and exit and realignment charges | — | | | 5,180 | | | 5,675 | | | — | | | 10,855 | |
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Depreciation and amortization | 1 | | | 17,741 | | | 10,014 | | | — | | | 27,756 | |
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Other operating income, net | — | | | (7,877 | ) | | (2,101 | ) | | — | | | (9,978 | ) |
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Operating earnings (loss) | (15 | ) | | 95,799 | | | (11,989 | ) | | (408 | ) | | 83,387 | |
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Interest expense (income), net | 5,399 | | | 2,034 | | | (844 | ) | | — | | | 6,589 | |
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Income (loss) before income taxes | (5,414 | ) | | 93,765 | | | (11,145 | ) | | (408 | ) | | 76,798 | |
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Income tax (benefit) provision | (2,155 | ) | | 37,994 | | | (4,403 | ) | | — | | | 31,436 | |
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Equity in earnings of subsidiaries | 48,621 | | | — | | | — | | | (48,621 | ) | | — | |
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Net income (loss) | 45,362 | | | 55,771 | | | (6,742 | ) | | (49,029 | ) | | 45,362 | |
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Other comprehensive income (loss) | 122 | | | 218 | | | (103 | ) | | (115 | ) | | 122 | |
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Comprehensive income (loss) | $ | 45,484 | | | $ | 55,989 | | | $ | (6,845 | ) | | $ | (49,144 | ) | | $ | 45,484 | |
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Six Months Ended June 30, 2013 | Owens & | | Guarantor | | Non-guarantor | | Eliminations | | Consolidated |
Minor, Inc. | Subsidiaries | Subsidiaries |
Net revenue | $ | — | | | $ | 4,298,290 | | | $ | 206,240 | | | $ | (22,069 | ) | | $ | 4,482,461 | |
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Cost of goods sold | — | | | 3,868,204 | | | 83,483 | | | (21,708 | ) | | 3,929,979 | |
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Gross margin | — | | | 430,086 | | | 122,757 | | | (361 | ) | | 552,482 | |
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Selling, general and administrative expenses | 874 | | | 308,735 | | | 120,660 | | | — | | | 430,269 | |
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Acquisition-related and exit and realignment charges | — | | | 1,259 | | | 1,389 | | | — | | | 2,648 | |
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Depreciation and amortization | 7 | | | 17,924 | | | 6,974 | | | — | | | 24,905 | |
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Other operating income, net | — | | | (2,142 | ) | | (1,132 | ) | | — | | | (3,274 | ) |
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Operating earnings (loss) | (881 | ) | | 104,310 | | | (5,134 | ) | | (361 | ) | | 97,934 | |
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Interest expense (income), net | 9,549 | | | (2,585 | ) | | (518 | ) | | — | | | 6,446 | |
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Income (loss) before income taxes | (10,430 | ) | | 106,895 | | | (4,616 | ) | | (361 | ) | | 91,488 | |
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Income tax (benefit) provision | (4,007 | ) | | 42,051 | | | (1,526 | ) | | — | | | 36,518 | |
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Equity in earnings of subsidiaries | 61,393 | | | — | | | — | | | (61,393 | ) | | — | |
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Net income (loss) | 54,970 | | | 64,844 | | | (3,090 | ) | | (61,754 | ) | | 54,970 | |
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Other comprehensive income (loss) | (5,752 | ) | | 416 | | | (6,146 | ) | | 5,730 | | | (5,752 | ) |
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Comprehensive income (loss) | $ | 49,218 | | | $ | 65,260 | | | $ | (9,236 | ) | | $ | (56,024 | ) | | $ | 49,218 | |
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30-Jun-14 | Owens & | | Guarantor | | Non- | | Eliminations | | Consolidated |
Minor, Inc. | Subsidiaries | guarantor |
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Balance Sheets | | | | | | | | | |
Assets | | | | | | | | | |
Current assets | | | | | | | | | |
Cash and cash equivalents | $ | 56,792 | | | $ | 13,098 | | | $ | 22,137 | | | $ | — | | | $ | 92,027 | |
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Accounts and notes receivable, net | — | | | 467,878 | | | 80,241 | | | (2,940 | ) | | 545,179 | |
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Merchandise inventories | — | | | 789,732 | | | 33,021 | | | (1,871 | ) | | 820,882 | |
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Other current assets | 281 | | | 94,250 | | | 193,118 | | | 195 | | | 287,844 | |
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Total current assets | 57,073 | | | 1,364,958 | | | 328,517 | | | (4,616 | ) | | 1,745,932 | |
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Property and equipment, net | — | | | 102,897 | | | 104,243 | | | — | | | 207,140 | |
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Goodwill, net | — | | | 247,271 | | | 28,704 | | | — | | | 275,975 | |
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Intangible assets, net | — | | | 16,841 | | | 21,838 | | | — | | | 38,679 | |
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Due from O&M and subsidiaries | — | | | 435,286 | | | — | | | (435,286 | ) | | — | |
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Advances to and investment in consolidated subsidiaries | 1,582,217 | | | — | | | — | | | (1,582,217 | ) | | — | |
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Other assets, net | 320 | | | 69,262 | | | 26,502 | | | 1 | | | 96,085 | |
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Total assets | $ | 1,639,610 | | | $ | 2,236,515 | | | $ | 509,804 | | | $ | (2,022,118 | ) | | $ | 2,363,811 | |
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Liabilities and equity | | | | | | | | | |
Current liabilities | | | | | | | | | |
Accounts payable | $ | — | | | $ | 650,725 | | | $ | 50,863 | | | $ | (2,940 | ) | | $ | 698,648 | |
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Accrued payroll and related liabilities | — | | | 18,364 | | | 11,327 | | | — | | | 29,691 | |
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Deferred income taxes | — | | | 38,818 | | | 133 | | | — | | | 38,951 | |
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Other accrued liabilities | 5,938 | | | 87,285 | | | 157,792 | | | — | | | 251,015 | |
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Total current liabilities | 5,938 | | | 795,192 | | | 220,115 | | | (2,940 | ) | | 1,018,305 | |
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Long-term debt, excluding current portion | 203,165 | | | 6,759 | | | 9,174 | | | — | | | 219,098 | |
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Due to O&M and subsidiaries | 399,122 | | | — | | | 36,825 | | | (435,947 | ) | | — | |
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Intercompany debt | — | | | 138,890 | | | — | | | (138,890 | ) | | — | |
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Deferred income taxes | — | | | 30,872 | | | 11,208 | | | — | | | 42,080 | |
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Other liabilities | — | | | 48,114 | | | 4,829 | | | — | | | 52,943 | |
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Total liabilities | 608,225 | | | 1,019,827 | | | 282,151 | | | (577,777 | ) | | 1,332,426 | |
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Equity | | | | | | | | | |
Common stock | 126,133 | | | — | | | 1,500 | | | (1,500 | ) | | 126,133 | |
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Paid-in capital | 199,019 | | | 242,024 | | | 258,047 | | | (500,071 | ) | | 199,019 | |
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Retained earnings (deficit) | 696,543 | | | 980,988 | | | (47,820 | ) | | (933,168 | ) | | 696,543 | |
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Accumulated other comprehensive income (loss) | 9,690 | | | (6,324 | ) | | 15,926 | | | (9,602 | ) | | 9,690 | |
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Total O&M shareholders’ equity | 1,031,385 | | | 1,216,688 | | | 227,653 | | | (1,444,341 | ) | | 1,031,385 | |
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Noncontrolling Interest | — | | | — | | | — | | | — | | | — | |
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Total equity | 1,031,385 | | | 1,216,688 | | | 227,653 | | | (1,444,341 | ) | | 1,031,385 | |
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Total liabilities and equity | $ | 1,639,610 | | | $ | 2,236,515 | | | $ | 509,804 | | | $ | (2,022,118 | ) | | $ | 2,363,811 | |
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December 31, 2013 | Owens & | | Guarantor | | Non-guarantor | | Eliminations | | Consolidated |
Minor, Inc. | Subsidiaries | Subsidiaries |
Balance Sheets | | | | | | | | | |
Assets | | | | | | | | | |
Current assets | | | | | | | | | |
Cash and cash equivalents | $ | 74,391 | | | $ | 2,012 | | | $ | 25,502 | | | $ | — | | | $ | 101,905 | |
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Accounts and notes receivable, net | — | | | 496,310 | | | 79,722 | | | (3,178 | ) | | 572,854 | |
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Merchandise inventories | — | | | 750,999 | | | 22,128 | | | (1,464 | ) | | 771,663 | |
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Other current assets | 201 | | | 72,049 | | | 207,058 | | | 202 | | | 279,510 | |
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Total current assets | 74,592 | | | 1,321,370 | | | 334,410 | | | (4,440 | ) | | 1,725,932 | |
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Property and equipment, net | 2 | | | 96,500 | | | 95,459 | | | — | | | 191,961 | |
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Goodwill, net | — | | | 247,271 | | | 28,168 | | | — | | | 275,439 | |
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Intangible assets, net | — | | | 17,881 | | | 22,525 | | | — | | | 40,406 | |
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Due from O&M and subsidiaries | — | | | 377,786 | | | — | | | (377,786 | ) | | — | |
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Advances to and investments in consolidated subsidiaries | 1,533,294 | | | — | | | — | | | (1,533,294 | ) | | — | |
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Other assets, net | 408 | | | 63,848 | | | 26,048 | | | — | | | 90,304 | |
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Total assets | $ | 1,608,296 | | | $ | 2,124,656 | | | $ | 506,610 | | | $ | (1,915,520 | ) | | $ | 2,324,042 | |
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Liabilities and equity | | | | | | | | | |
Current liabilities | | | | | | | | | |
Accounts payable | $ | — | | | $ | 595,865 | | | $ | 51,185 | | | $ | (3,178 | ) | | $ | 643,872 | |
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Accrued payroll and related liabilities | — | | | 12,792 | | | 10,504 | | | — | | | 23,296 | |
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Deferred income taxes | — | | | 41,464 | | | 149 | | | — | | | 41,613 | |
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Other current liabilities | 6,811 | | | 87,795 | | | 185,792 | | | — | | | 280,398 | |
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Total current liabilities | 6,811 | | | 737,916 | | | 247,630 | | | (3,178 | ) | | 989,179 | |
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Long-term debt, excluding current portion | 204,028 | | | 7,228 | | | 2,559 | | | — | | | 213,815 | |
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Due to O&M and subsidiaries | 373,544 | | | — | | | 2,910 | | | (376,454 | ) | | — | |
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Intercompany debt | — | | | 138,890 | | | — | | | (138,890 | ) | | — | |
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Deferred income taxes | — | | | 32,173 | | | 11,554 | | | — | | | 43,727 | |
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Other liabilities | — | | | 47,816 | | | 4,462 | | | — | | | 52,278 | |
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Total liabilities | 584,383 | | | 964,023 | | | 269,115 | | | (518,522 | ) | | 1,298,999 | |
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Equity | | | | | | | | | |
Common stock | 126,193 | | | — | | | 1,500 | | | (1,500 | ) | | 126,193 | |
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Paid-in capital | 196,605 | | | 242,024 | | | 259,864 | | | (501,888 | ) | | 196,605 | |
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Retained earnings (deficit) | 691,547 | | | 925,184 | | | (41,029 | ) | | (884,155 | ) | | 691,547 | |
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Accumulated other comprehensive income (loss) | 9,568 | | | (6,575 | ) | | 16,030 | | | (9,455 | ) | | 9,568 | |
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Total Owens & Minor, Inc. shareholders’ equity | 1,023,913 | | | 1,160,633 | | | 236,365 | | | (1,396,998 | ) | | 1,023,913 | |
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Noncontrolling interest | — | | | — | | | 1,130 | | | — | | | 1,130 | |
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Total equity | 1,023,913 | | | 1,160,633 | | | 237,495 | | | (1,396,998 | ) | | 1,025,043 | |
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Total liabilities and equity | $ | 1,608,296 | | | $ | 2,124,656 | | | $ | 506,610 | | | $ | (1,915,520 | ) | | $ | 2,324,042 | |
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Six Months Ended June 30, 2014 | Owens & | | Guarantor | | Non-guarantor | | Eliminations | | Consolidated |
Minor, Inc. | Subsidiaries | Subsidiaries |
Statements of Cash Flows | | | | | | | | | |
Operating activities: | | | | | | | | | |
Net income (loss) | $ | 45,362 | | | $ | 55,771 | | | $ | (6,742 | ) | | $ | (49,029 | ) | | $ | 45,362 | |
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Adjustments to reconcile net income to cash provided by (used for) operating activities: | | | | | | | | | |
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Equity in earnings of subsidiaries | (48,621 | ) | | — | | | — | | | 48,621 | | | — | |
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Depreciation and amortization | 1 | | | 17,741 | | | 10,014 | | | — | | | 27,756 | |
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Share-based compensation expense | — | | | 4,190 | | | — | | | — | | | 4,190 | |
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Provision for losses on accounts and notes receivable | — | | | 146 | | | 188 | | | — | | | 334 | |
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Deferred income tax expense (benefit) | — | | | (4,117 | ) | | (1,034 | ) | | — | | | (5,151 | ) |
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Changes in operating assets and liabilities: | | | | | | | | | |
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Accounts and notes receivable | — | | | 28,286 | | | 428 | | | (237 | ) | | 28,477 | |
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Merchandise inventories | — | | | (38,733 | ) | | (10,248 | ) | | 406 | | | (48,575 | ) |
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Accounts payable | — | | | 54,860 | | | (177 | ) | | 239 | | | 54,922 | |
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Net change in other assets and liabilities | (952 | ) | | (15,272 | ) | | (16,541 | ) | | — | | | (32,765 | ) |
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Other, net | (776 | ) | | (280 | ) | | (22 | ) | | — | | | (1,078 | ) |
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Cash provided by (used for) operating activities | (4,986 | ) | | 102,592 | | | (24,134 | ) | | — | | | 73,472 | |
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Investing activities: | | | | | | | | | | |
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Proceeds from the sale of investment | | | | 1,937 | | | | | | | | | 1,937 | |
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Additions to property and equipment | — | | | (16,777 | ) | | (8,880 | ) | | — | | | (25,657 | ) |
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Additions to computer software and intangible assets | — | | | (12,256 | ) | | (910 | ) | | — | | | (13,166 | ) |
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Proceeds from the sale of property and equipment | — | | | 35 | | | 10 | | | — | | | 45 | |
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Cash used for investing activities | — | | | (27,061 | ) | | (9,780 | ) | | — | | | (36,841 | ) |
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Financing activities: | | | | | | | | | |
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Change in intercompany advances | 28,847 | | | (62,995 | ) | | 34,148 | | | — | | | — | |
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Cash dividends paid | (31,564 | ) | | — | | | — | | | — | | | (31,564 | ) |
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Repurchases of common stock | (9,448 | ) | | — | | | — | | | — | | | (9,448 | ) |
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Excess tax benefits related to share-based compensation | 444 | | | — | | | — | | | — | | | 444 | |
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Proceeds from exercise of stock options | 1,180 | | | — | | | — | | | — | | | 1,180 | |
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Purchase of noncontrolling interest | — | | | — | | | (1,500 | ) | | — | | | (1,500 | ) |
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Other, net | (2,072 | ) | | (1,450 | ) | | (919 | ) | | — | | | (4,441 | ) |
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Cash provided by (used for) financing activities | (12,613 | ) | | (64,445 | ) | | 31,729 | | | — | | | (45,329 | ) |
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Effect of exchange rate changes on cash and cash equivalents | — | | | — | | | (1,180 | ) | | — | | | (1,180 | ) |
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Net increase (decrease) in cash and cash equivalents | (17,599 | ) | | 11,086 | | | (3,365 | ) | | — | | | (9,878 | ) |
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Cash and cash equivalents at beginning of period | 74,391 | | | 2,012 | | | 25,502 | | | — | | | 101,905 | |
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Cash and cash equivalents at end of period | $ | 56,792 | | | $ | 13,098 | | | $ | 22,137 | | | $ | — | | | $ | 92,027 | |
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Six months ended June 30, 2013 | Owens & | | Guarantor | | Non-guarantor | | Eliminations | | Consolidated |
Minor, Inc. | Subsidiaries | Subsidiaries |
Statements of Cash Flows | | | | | | | | | |
Operating activities: | | | | | | | | | |
Net income (loss) | $ | 54,970 | | | $ | 64,844 | | | $ | (3,090 | ) | | $ | (61,754 | ) | | $ | 54,970 | |
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Adjustments to reconcile net income to cash provided by (used for) operating activities: | | | | | | | | | — | |
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Equity in earnings of subsidiaries | (61,393 | ) | | — | | | — | | | 61,393 | | | — | |
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Depreciation and amortization | 7 | | | 17,924 | | | 6,974 | | | — | | | 24,905 | |
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Share-based compensation expense | — | | | 3,449 | | | — | | | — | | | 3,449 | |
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Provision for losses on accounts and notes receivable | — | | | 297 | | | 18 | | | — | | | 315 | |
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Deferred income tax expense | — | | | 7,443 | | | (1,666 | ) | | — | | | 5,777 | |
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Changes in operating assets and liabilities: | | | | | | | | | — | |
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Accounts and notes receivable | — | | | 3,061 | | | 426 | | | (1,698 | ) | | 1,789 | |
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Merchandise inventories | — | | | (23,151 | ) | | (8,386 | ) | | 361 | | | (31,176 | ) |
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Accounts payable | — | | | 151,208 | | | 38,500 | | | 1,698 | | | 191,406 | |
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Net change in other assets and liabilities | 636 | | | (24,934 | ) | | (45,164 | ) | | — | | | (69,462 | ) |
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Other, net | (809 | ) | | 331 | | | (2,316 | ) | | — | | | (2,794 | ) |
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Cash provided by (used for) operating activities | (6,589 | ) | | 200,472 | | | (14,704 | ) | | — | | | 179,179 | |
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Investing activities: | | | | | | | | | |
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Additions to property and equipment | — | | | (12,640 | ) | | (3,581 | ) | | — | | | (16,221 | ) |
|
Additions to computer software and intangible assets | — | | | (11,816 | ) | | (3,010 | ) | | — | | | (14,826 | ) |
|
Proceeds from the sale of property and equipment | — | | | 59 | | | 9 | | | — | | | 68 | |
|
Cash used for investing activities | — | | | (24,397 | ) | | (6,582 | ) | | — | | | (30,979 | ) |
|
Financing activities: | | | | | | | | | |
|
Change in intercompany advances | 143,569 | | | (174,270 | ) | | 30,701 | | | — | | | — | |
|
Cash dividends paid | (30,411 | ) | | — | | | — | | | — | | | (30,411 | ) |
|
Repurchases of common stock | (8,297 | ) | | — | | | — | | | — | | | (8,297 | ) |
|
Excess tax benefits related to share-based compensation | 550 | | | — | | | — | | | — | | | 550 | |
|
Proceeds from exercise of stock options | 4,195 | | | — | | | — | | | — | | | 4,195 | |
|
Other, net | (2,510 | ) | | (1,364 | ) | | (1,293 | ) | | — | | | (5,167 | ) |
|
Cash provided by (used for) financing activities | 107,096 | | | (175,634 | ) | | 29,408 | | | — | | | (39,130 | ) |
|
Effect of exchange rate changes on cash and cash equivalents | — | | | — | | | 868 | | | — | | | 868 | |
|
Net (decrease) increase in cash and cash equivalents | 100,507 | | | 441 | | | 8,990 | | | — | | | 109,938 | |
|
Cash and cash equivalents at beginning of period | 58,190 | | | 13,641 | | | 26,057 | | | — | | | 97,888 | |
|
Cash and cash equivalents at end of period | $ | 158,697 | | | $ | 14,082 | | | $ | 35,047 | | | $ | — | | | $ | 207,826 | |
|
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