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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Quarter Ended June 30,</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Six Months Ended June 30,</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Hawaii Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,416</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">6,582</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,981</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">10,045</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,947</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,070</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">16,672</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">10,744</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 2,077</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 9,964</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 11,400</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 17,661</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 14,440</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 23,616</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 36,053</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 38,450</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <!--EndFragment--></div> </div>
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Property, Equipment, Land and Leasehold Improvements</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Goodwill</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Total Assets</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Hawaii Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">189,936</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">175,880</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">120,193</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">120,193</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">403,681</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">384,823</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">314,628</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">257,318</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">458,488</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">375,800</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,575,588</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,318,700</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 390,101</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 295,647</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 17,946</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 17,946</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 482,547</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 381,132</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 894,665</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 728,845</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 596,627</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 513,939</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 2,461,816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 2,084,655</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <!--EndFragment--></div> </div>
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> 2. Basis of Presentation</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The unaudited consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. The preparation of consolidated condensed financial statements in conformity with GAAP requires estimates and assumptions. Management evaluates these estimates and assumptions on an ongoing basis. Actual results may differ from the estimates and assumptions used in the financial statements and notes. Operating results for the quarter and six months ended June 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The consolidated balance sheet at December 31, 2013 has been derived from audited financial statements but does not include all of the information and notes required by accounting principles generally accepted in the United States for complete financial statements. Certain reclassifications were made to the financial statements for the prior period to conform to current period presentation.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The interim financial information contained herein should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2013 included in the Company's Annual Report on Form 10-K, as filed with the SEC on February 19, 2014.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> <em>Recently Issued Accounting Standards</em></p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On May 28, 2014, the FASB issued ASU No. 2014-09, <em>Revenue from Contracts with Customers</em>, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On April 10, 2014, the FASB issued ASU No. 2014-08, <em>Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity</em>, which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. Under the new guidance, a discontinued operation is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and "represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results." The standard states that a strategic shift could include a disposal of (i) a major geographical area of operations, (ii) a major line of business, (iii) a major equity method investment, or (iv) other major parts of an entity. ASU 2014-08 is effective prospectively for new disposals (or classifications as held-for-sale) that occur within annual periods beginning on or after December 15, 2014, and interim periods within those annual periods. This guidance is not expected to have a material effect on the Company's consolidated financial statements.</p> <!--EndFragment--></div> </div>
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -20pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Six Months Ended<br /> June 30,</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Revenues</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">847,734</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">774,079</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: #cceeff"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Net Income Attributable to MIC LLC</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">56,592</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">27,628</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> <!--EndFragment--></div> </div>
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> 8. Derivative Instruments and Hedging Activities</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company and certain of its businesses have in place variable-rate debt. Management believes that it is prudent to limit the variability of a portion of the business' interest payments. To meet this objective, the Company enters into interest rate swap agreements to manage fluctuations in cash flows resulting from interest rate risk on a portion of its debt with a variable-rate component. These swaps change the variable-rate cash flow exposure on the debt obligations to fixed cash flows. Under the terms of the interest rate swaps, the Company receives variable interest rate payments and makes fixed interest rate payments, thereby creating the equivalent of fixed-rate debt for the portion of the debt that is swapped.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> At June 30, 2014, the Company had $1.1 billion of current and long-term debt, $837.5 million of which was economically hedged with interest rate contracts and $244.8 million of which was unhedged.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Effective February 25, 2009 for Atlantic Aviation and effective April 1, 2009 for the Company's other businesses, the Company elected to discontinue hedge accounting. In prior periods, when the Company applied hedge accounting, changes in the fair value of derivatives that effectively offset the variability of cash flows on the Company's debt interest obligations were recorded in other comprehensive income or loss. From the dates that hedge accounting was discontinued, all movements in the fair value of the interest rate swaps are recorded directly through earnings. As interest payments are made, a portion of the other comprehensive loss recorded under hedge accounting is also reclassified into earnings. The Company will reclassify into earnings $349,000 of derivative losses, included in accumulated other comprehensive loss as of June 30, 2014, within the next 12 months.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Excess cash flow generated from the district energy business must be applied toward the principal balance of the term loan during the last two years before maturity. The district energy business is expected to record additional reclassifications from accumulated other comprehensive loss to interest expense when the business pays down its debt more quickly than anticipated.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> As discussed in Note 7, "Long-Term Debt", Atlantic Aviation entered into a $100.0 million senior secured first lien term loan facility credit agreement on January 22, 2014. The interest rate on this term loan facility floats at LIBOR plus 2.50%, with a minimum LIBOR of 0.75%. This term loan was fully drawn in April of 2014 in connection with the Galaxy Acquisitions. Effective May 30, 2014, Atlantic Aviation entered into an amortizing interest rate swap for $96.3 million notional that expires on July 31, 2019. This interest rate swap effectively fixes the interest rate on the term loan at 4.40%. The amortization on this interest rate swap is scheduled to equal the total principal balance on all of the term loan facilities under the AA Credit Agreement, resulting in the total outstanding principal balance on the term loans to be 100% hedged. The weighted average of the interest rate from the outstanding swaps under the AA Credit Agreement are effectively fixed at 4.63%.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company measures derivative instruments at fair value using the income approach which discounts the future net cash settlements expected under the derivative contracts to a present value. These valuations utilize primarily observable ("level 2") inputs, including contractual terms, interest rates and yield curves observable at commonly quoted intervals.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company's fair value measurements of its derivative instruments and the related location of the assets and liabilities associated with the hedging instruments within the consolidated condensed balance sheets at June 30, 2014 and December 31, 2013 were as follows ($ in thousands):</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Assets (Liabilities) at Fair Value<sup>(1)</sup></td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Interest Rate Contracts Not Designated as Hedging Instruments</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> Balance Sheet Location</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">June 30, 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">December 31, 2013</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Fair value of derivative instruments - current assets<sup>(2)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Fair value of derivative instruments - non-current assets<sup>(3)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 947</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 6,880</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total interest rate derivative contracts - assets<sup>(2)</sup><sup>(3)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 947</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 6,881</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Fair value of derivative instruments - current liabilities<sup>(3)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(10,542</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(13,027</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Fair value of derivative instruments - non-current liabilities<sup>(3)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (1,410</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total interest rate derivative contracts - liabilities<sup>(3)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (11,952</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (13,027</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Fair value measurements at reporting date were made using significant other observable inputs ("level 2").</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(2)</td> <td style="TEXT-ALIGN: left">Derivative contracts represent interest rate caps.</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(3)</td> <td style="TEXT-ALIGN: left">Derivative contracts represent interest rate swaps.</td> </tr> </table> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company's hedging activities for the quarters and six months ended June 30, 2014 and 2013 and the related location within the consolidated condensed statements of operations were as follows ($ in thousands):</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Derivatives Not Designated as Hedging Instruments</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Amount of Loss Recognized in Interest Expense for the Quarter Ended June 30,</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Amount of Loss Recognized in Interest Expense for the<br /> Six Months Ended June 30,</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> Financial Statement Account</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013<sup>(2)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013<sup>(2)</sup></td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense - Interest rate cap</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(27</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(1</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(53</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense - Interest rate swaps</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (8,618</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (460</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (13,950</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (1,494</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (8,618</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (487</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (13,951</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (1,547</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Net loss recognized in interest expense for the interest rate swap contracts for the quarter and six months ended June 30, 2014 includes $8.3 million and $13.4 million, respectively, of unrealized derivative losses and $269,000 and $508,000, respectively, of derivative losses reclassified from accumulated other comprehensive loss. Net loss recognized in interest expense for the six months ended June 30, 2014 also includes $1,000 of unrealized derivative losses from an interest rate cap contract.</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(2)</td> <td style="TEXT-ALIGN: left">Net loss recognized in interest expense for the interest rate swap contracts for the quarter and six months ended June 30, 2013 includes $37,000 and $673,000, respectively, of unrealized derivative losses and $423,000 and $821,000, respectively, of derivative losses reclassified from accumulated other comprehensive loss. Net loss recognized in interest expense for the quarter and six months ended June 30, 2013 also includes $27,000 and $53,000, respectively, of unrealized derivative losses from an interest rate cap contract.</td> </tr> </table> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> All of the Company's derivative instruments are collateralized by the assets of the respective businesses.</p> <!--EndFragment--></div> </div>
947000
6881000
-13900000
-1500000
-8600000
-487000
-1000
-53000
-27000
-13950000
-1494000
-8618000
-460000
-13951000
-1547000
-8618000
-487000
11952000
13027000
10542000
13027000
10542000
13027000
1410000
2013-05-16
2013-08-15
2013-11-14
2014-03-06
2014-05-15
2014-08-14
2014-08-14
0.6875
0.875
0.875
0.9125
0.9375
0.95
0.95
2013-04-26
2013-07-29
2013-10-25
2014-02-18
2014-04-28
2014-07-03
2014-07-03
2013-05-13
2013-08-12
2013-11-11
2014-03-03
2014-05-12
2014-08-11
2014-08-11
First quarter 2013
Second quarter 2013
Third quarter 2013
Fourth quarter 2013
First quarter 2014
Second quarter 2014
0.53
0.10
0.17
-0.02
0.53
0.10
0.17
-0.02
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> 3. Income per Share</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Following is a reconciliation of the basic and diluted number of shares used in computing income per share:</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Quarter Ended June 30,</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Six Months Ended June 30,</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Weighted average number of shares outstanding: basic</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 56,559,924</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 50,889,021</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 56,465,136</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 49,245,969</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Dilutive effect of restricted stock unit grants</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 12,595</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 12,752</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 17,414</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Weighted average number of shares outstanding: diluted</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 56,572,519</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 50,889,021</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 56,477,888</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 49,263,383</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The effect of potentially dilutive shares for the quarter and six months ended June 30, 2014 is calculated assuming that the 12,525 restricted stock unit grants provided to the independent directors on May 21, 2014, which will vest during the second quarter of 2015, and the 12,910 restricted stock unit grants provided to the independent directors on May 20, 2013, which vested during the second quarter of 2014, had been fully converted to shares on those grant dates.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The effect of potentially dilutive shares for the six months ended June 30, 2013 is calculated assuming that the 12,910 restricted stock unit grants provided to the independent directors on May 20, 2013, which vested during the second quarter of 2014, the 18,208 restricted stock unit grants provided to the independent directors on May 31, 2012, which vested during the second quarter of 2013, and the 895 restricted stock unit grants on February 21, 2013, which vested during the second quarter of 2013, had been fully converted to shares on those grant dates. The restricted stock unit grants were anti-dilutive for the quarter ended June 30, 2013 due to the Company's net loss for the period.</p> <!--EndFragment--></div> </div>
25086000
7879000
0.5
0.8
71434000
83703000
89109000
863276000
746231000
81105000
80255000
279032000
261553000
972398000
854403000
P25Y
P8Y
9665000
9665000
12159000
11416000
-1626000
-1626000
-1626000
-1626000
-1626000
-1626000
-1626000
-1626000
-866000
-176000
-866000
-3000
-2472000
-2472000
596627000
514494000
513939000
82284000
120193000
120193000
458488000
375800000
17946000
17946000
596627000
513939000
82133000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> 6. Intangible Assets</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Intangible assets at June 30, 2014 and December 31, 2013 consist of the following ($ in thousands):</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">June 30,<br /> 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">December 31, 2013</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Contractual arrangements</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">863,276</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">746,231</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Non-compete agreements</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">9,665</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">9,665</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Customer relationships</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">81,105</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">80,255</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Leasehold rights</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,121</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,121</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Trade names</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">15,771</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">15,671</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Technology</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 460</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 460</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">972,398</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">854,403</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Less: accumulated amortization</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (279,032</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (261,553</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Intangible assets, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 693,366</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 592,850</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> As discussed in Note 4, "Acquisitions", the Company acquired $119.5 million in intangible assets from the Galaxy Acquisitions during the second quarter of 2014. This consisted primarily of contractual arrangements and will be amortized over a weighted average life of twenty five years.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The goodwill balance as of June 30, 2014 is comprised of the following ($ in thousands):</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Goodwill acquired in business combinations, net of disposals, at December 31, 2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">637,694</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Add: goodwill acquired in 2014 acquisition</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">82,133</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Less: accumulated impairment charges</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (123,200</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Balance at June 30, 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 596,627</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> As discussed in Note 4, "Acquisitions", the Company recorded $82.3 million in goodwill from the Galaxy Acquisitions during the second quarter of 2014.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company tests for goodwill impairment at the reporting unit level on an annual basis on October 1<sup>st</sup> of each year and between annual tests if a triggering event indicates impairment. There were no triggering events indicating impairment for the six months ended June 30, 2014.</p> <!--EndFragment--></div> </div>
123200000
25086000
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25086000
21751000
10799000
11289000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> 12. Income Taxes</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company expects to incur federal consolidated taxable income for the year ending December 31, 2014, which will be fully offset by the Company's federal net operating loss, ("NOL") carryforwards. The Company believes that it will be able to utilize its federal prior year NOLs, except for approximately $7.8 million. During the six months ended June 30, 2014, the Company recorded a decrease of approximately $365,000 to the valuation allowance for the realization of deferred tax assets attributable to certain state NOLs. At June 30, 2014, two of the Company's businesses, IMTT and the district energy business, a component of the Contracted Power and Energy segment, are less than 80% owned by the Company and those businesses file separate federal consolidated income tax returns.</p> <!--EndFragment--></div> </div>
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> 13. Legal Proceedings and Contingencies</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The subsidiaries of MIC Inc. are subject to legal proceedings arising in the ordinary course of business. In management's opinion, the Company has adequate legal defenses and/or insurance coverage with respect to the eventuality of such actions, and does not believe the outcome of any pending legal proceedings will be material to the Company's financial position or result of operations.</p> <!--EndFragment--></div> </div>
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> 7. Long-Term Debt</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> At June 30, 2014 and December 31, 2013, the Company's consolidated long-term debt comprised the following ($ in thousands):</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">June 30,<br /> 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">December 31, 2013</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Hawaii Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">180,000</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">180,000</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">614,679</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">517,773</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 287,589</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 296,337</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,082,268</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">994,110</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Less: current portion</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (158,687</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (163,083</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Long-term portion</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 923,581</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 831,027</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On May 31, 2013, Atlantic Aviation entered into a credit agreement (the "AA Credit Agreement"), that provides the business with a seven-year, $465.0 million senior secured first lien term loan facility. On November 7, 2013 and January 22, 2014, the business entered into an incremental $50.0 million and $100.0 million, respectively, term loan under the AA Credit Agreement that provides the business with senior secured first lien term loan facility. The interest rate on these term loan facilities floats at LIBOR plus 2.50%, with minimum LIBOR of 0.75%, and these facilities mature in June of 2020. The floating rate has effectively been fixed for 6 years using interest rate swaps. At June 30, 2014, the outstanding balance on these term loan facilities totaled $609.7 million. The AA Credit Agreement also provides for a five-year, $70.0 million senior secured first lien revolving credit facility that bears interest at LIBOR plus 2.50%. This remains undrawn at June 30, 2014.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Atlantic Aviation also has stand-alone debt facilities used to fund construction at its FBOs. At June 30, 2014, the balances on the stand-alone facilities were $5.0 million. The Company has classified $557,000 relating to the stand-alone debt facilities in the current portion of long-term debt in the consolidated condensed balance sheet at June 30, 2014.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company classified $147.7 million relating to its district energy business' debt, within the CP&E segment, in the current portion of long-term debt in the consolidated condensed balance sheet at June 30, 2014, as its debt facilities mature in September of 2014. The Company intends to repay the outstanding debt of this business with a portion of the proceeds from the expected sale of the business in the third quarter of 2014. During the six months ended June 30, 2014 and in July of 2014, the district energy business repaid $6.3 million and $712,000, respectively, of its outstanding debt balance.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> At June 30, 2014, the solar power generation businesses, within the CP&E segment, had $139.9 million of amortizing term loan debt outstanding, of which $4.2 million was recorded as current portion of long-term debt in the consolidated condensed balance sheet. During February of 2014, the construction loans for the DMAFB Project, Valley Center Project and Ramona Project converted to term debt. The interest rate related to the DMAFB Project's term debt, of $27.6 million, is fixed at 5.138% through maturity in December of 2033. The interest rate related to the Valley Center Project's term debt, of $16.9 million, is fixed at 5.60% through maturity in September of 2036. The interest rate related to the Ramona Project's term debt, of $15.9 million, is fixed at 5.47% through maturity in September of 2036.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> In July of 2014, in connection with its acquisition of the remaining interest in IMTT that it did not own, the Company (i) entered into a new senior secured revolving credit facility of $250.0 million and (ii) issued $350.0 million aggregate principal amount of 2.875% convertible senior notes due July of 2019. See Note 14, "Subsequent Events".</p> <!--EndFragment--></div> </div>
705972000
674839000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> 4. Acquisitions</h2> <h3 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Contracted Power and Energy Acquisitions</h3> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The solar power generation businesses, within the Contracted Power and Energy segment, are held in LLCs with a co-investor. These projects' taxable income for the first five years is expected to be a loss due to accelerated depreciation, with 99% of the taxable loss, subject to certain adjustments that are not expected to be significant, allocated to the co-investor. Accordingly, these projects should have a nominal effect on MIC's consolidated current taxable income for at least the first five years of each project. The projects do not pay federal or state income taxes on a standalone basis, as the projects are treated as a partnership for tax purposes, with each member paying federal and state income taxes on their allocated taxable income.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The acquisition price on these projects can vary depending on, among other things, factors such as the size of the project, power purchase agreement ("PPA") contract terms, eligibility for tax incentives, debt package, operating cost structure and development stage. A completed project takes out all of the construction risk, testing and costs associated with construction contracts.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company has certain rights to make decisions over the management and operations of the projects and the Company has determined that it is appropriate to consolidate the projects with the co-investor's interest reflected as a "noncontrolling interest" in the consolidated condensed financial statements.</p> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Acquisition of - Davis Monthan Air Force Base ("DMAFB"), Arizona</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On July 19, 2013, the Company contributed $7.9 million, as a capital investment, and completed the acquisition of the DMAFB Project for an initial purchase price of $11.0 million subject to customary closing conditions described below. The Company entered into an LLC agreement with a noncontrolling interest co-investor who made a capital contribution of $23.0 million during the fourth quarter of 2013. The purchase price was adjusted by $1.5 million in the first quarter of 2014 in accordance with the purchase agreement, which includes provisions that adjusted the purchase price based on final construction costs, financing terms and other insignificant project-related costs. As a result, a final payment of $1.2 million was made during the first quarter of 2014, resulting in a final purchase price of $9.5 million for this project. During June of 2014, the DMAFB Project made a $5.8 million distribution to MIC classified as a return of capital, reducing MIC's investment in the project to $2.1 million. This facility is expected to generate approximately 13 megawatts ("MWac") of electricity.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> In connection with the acquisition, the Company assumed $22.4 million in construction financing. The DMAFB Project commenced operations during December of 2013. The construction loan was converted to term debt during February of 2014.</p> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Acquisition of - Valley Center, California</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On September 20, 2013, the Company contributed $6.8 million, as a capital investment, and completed the acquisition of the Valley Center Project for a purchase price of $5.6 million. The Company entered into an LLC agreement with a noncontrolling interest co-investor who made a capital contribution of $14.5 million during the fourth quarter of 2013. This facility is expected to generate approximately 7 megawatts of electricity.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> In connection with the acquisition, the Company entered into a construction loan agreement and drew down $10.2 million. The Valley Center Project commenced operations during December of 2013. The construction loan was converted to term debt during February of 2014.</p> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Acquisition of - Ramona, California</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On October 8, 2013, the Company contributed $6.1 million, as a capital investment, and completed the acquisition of the Ramona Project for a purchase price of $4.9 million. The Company entered into an LLC agreement with a noncontrolling interest co-investor who made a capital contribution of $13.8 million during the fourth quarter of 2013. This facility is expected to generate approximately 7 megawatts of electricity.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> In connection with the acquisition, the Company entered into a construction loan agreement and drew down $10.4 million. The Ramona Project commenced operations during December of 2013. The construction loan was converted to term debt during February of 2014.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Had the DMAFB Project, Valley Center Project and Ramona Project acquisitions occurred as of January 1, 2013, the Company's consolidated results of operations would not have been materially different. For the six months ended June 30, 2014 and the year ended December 31, 2013, the Company recorded transaction related costs of $228,000 and $2.2 million, respectively, in selling, general, and administrative expenses for these investments.</p> <h3 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Atlantic Aviation Acquisitions</h3> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Acquisition of Kansas City FBO</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On December 6, 2013, Atlantic Aviation completed the acquisition of the assets and liabilities of the fixed based operations ("FBO") at Charles B. Wheeler Downtown Airport in Kansas City, Missouri, for $8.1 million (referred to as "MKC"). The acquisition will expand the business' network in the midwest and was funded from additional debt raised by the business during the fourth quarter of 2013.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The acquisition has been accounted for as a business combination. Accordingly, the results of operations of MKC are included in the consolidated condensed statement of operations, and as a component of the Company's Atlantic Aviation business segment, since December 6, 2013.</p> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Acquisition of Galaxy FBO</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On April 30, 2014, Atlantic Aviation completed the acquisitions of the assets and liabilities of Galaxy Aviation and Boca Aviation (collectively referred to as "Galaxy Acquisitions") for a purchase price of $230.0 million, funded by cash that had previously been raised or generated and the $100.0 million term loan facility that had previously been arranged. The acquisitions included substantially all of the assets of six FBOs and one new hangar then under construction at one of the six airports on which the FBOs operate. The acquisition has expanded the business network into Florida.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The acquisitions have been accounted for as a business combination. Accordingly, the results of operations of Galaxy are included in the consolidated condensed statement of operations, and as a component of the Company's Atlantic Aviation business segment, since April 30, 2014. The allocation of the purchase price for the Galaxy Acquisitions' assets acquired and liabilities assumed was as follows ($ in thousands):</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Inventories</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">474</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other current assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 27</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total current assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">501</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Property, equipment, land and leasehold improvements</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">29,714</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Intangible assets:<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Trade names<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">100</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Customer relationships<sup>(2)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">850</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Contractual arrangements<sup>(3)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">118,500</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Goodwill<sup>(4)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 82,284</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total assets acquired</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 231,949</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Current liabilities</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,949</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total liabilities assumed</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 1,949</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Net assets acquired</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 230,000</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Trade names are indefinite in life.</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(2)</td> <td style="TEXT-ALIGN: left">Customer relationships are being amortized over an eight year period.</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(3)</td> <td style="TEXT-ALIGN: left">Contractual arrangements are being amortized over a weighted average life of twenty five years.</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(4)</td> <td style="TEXT-ALIGN: left">Goodwill of $82.3 million is deductible for tax purposes.</td> </tr> </table> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The fair value was determined using various valuation techniques, including the market approach, income approach and/or cost approach. Had the Galaxy Acquisitions occurred as of January 1, 2014 and MKC acquisition occurred as of January 1, 2013, the consolidated results of operations would not have been materially different. For the six months ended June 30, 2014 and year ended December 31, 2013, Atlantic Aviation recorded transaction related costs of $792,000 and $680,000, respectively, in selling, general and administrative expenses for these investments.</p> <h3 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> IMTT Acquisition</h3> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On July 16, 2014, the Company acquired the remaining interest in IMTT that it did not own. See Note 14, "Subsequent Events".</p> <!--EndFragment--></div> </div>
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> 1. Organization and Description of Business</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Macquarie Infrastructure Company LLC, a Delaware limited liability company, was formed on April 13, 2004. Macquarie Infrastructure Company LLC, both on an individual entity basis and together with its consolidated subsidiaries, is referred to in these financial statements as the "Company" or "MIC". The Company owns, operates and invests in a diversified group of infrastructure businesses in the United States. Macquarie Infrastructure Management (USA) Inc. is the Company's manager and is referred to in these financial statements as the Manager. The Manager is a wholly-owned subsidiary within the Macquarie Group of companies, which is comprised of Macquarie Group Limited and its subsidiaries and affiliates worldwide. Macquarie Group Limited is headquartered in Australia and is listed on the Australian Stock Exchange.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> MIC is a non-operating holding company with a Board of Directors and other corporate governance responsibilities generally consistent with those of a Delaware corporation. MIC has made an election to be treated as a corporation for tax purposes.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company owns its businesses through its direct wholly-owned subsidiary, Macquarie Infrastructure Company Inc., or MIC Inc. The Company's businesses operate predominantly in the United States and consist of the following:</p> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 21px"> </td> <td style="WIDTH: 24px; TEXT-ALIGN: left">•</td> <td style="TEXT-ALIGN: left"><strong><em>International Matex Tank Terminals or "IMTT"</em></strong>: at June 30, 2014, consisted of a 50% interest in a bulk liquid terminals business which provides bulk liquid storage and handling services at ten marine terminals in the United States and two in Canada and is one of the largest participants in this industry in the U.S., based on storage capacity. On July 16, 2014, we completed the acquisition of the remaining 50% interest;</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 21px"> </td> <td style="WIDTH: 24px; TEXT-ALIGN: left">•</td> <td style="TEXT-ALIGN: left"><strong><em>Hawaii Gas</em></strong>: a full-service gas energy company processing and distributing gas products and providing related services in Hawaii;</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 21px"> </td> <td style="WIDTH: 24px; TEXT-ALIGN: left">•</td> <td style="TEXT-ALIGN: left"><strong><em>Atlantic Aviation</em></strong>: an airport services business providing products and services, including fuel and aircraft hangaring/parking, to owners and operators of general aviation aircraft at 68 airports in the U.S.; and</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 21px"> </td> <td style="WIDTH: 24px; TEXT-ALIGN: left">•</td> <td style="TEXT-ALIGN: left"><strong><em>Contracted Power and Energy ("CP&E") segment</em></strong>: at June 30, 2014, consisted of controlling interests in five contracted power generation facilities located in the southwest U.S. and a 50.01% controlling interest in a district energy business which operates one of the largest district cooling systems in the U.S. In July of 2014, we completed the acquisition of interests in wind power generation.</td> </tr> </table> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> In April of 2014, the Company signed a Stock Purchase Agreement to sell its interest in the district energy business. The sale is expected to conclude in the third quarter of 2014, subject to certain customary closing conditions, and the net proceeds are expected to be reinvested in its businesses.</p> <!--EndFragment--></div> </div>
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> 5. Property, Equipment, Land and Leasehold Improvements</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Property, equipment, land and leasehold improvements at June 30, 2014 and December 31, 2013 consist of the following ($ in thousands):</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">June 30,<br /> 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">December 31, 2013</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Land</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,856</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,854</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Easements</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,624</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,624</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Buildings</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">25,152</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">25,143</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Leasehold and land improvements</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">380,864</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">357,903</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Machinery and equipment</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">705,972</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">674,839</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Furniture and fixtures</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">12,159</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">11,416</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Construction in progress</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">46,347</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">35,637</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Property held for future use</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,975</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,975</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,182,949</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,117,391</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Less: accumulated depreciation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (288,284</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (263,222</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Property, equipment, land and leasehold improvements, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 894,665</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 854,169</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> As discussed in Note 4, "Acquisitions", the Company acquired $29.7 million in property, equipment, land and leasehold improvements from the Galaxy Acquisitions during the second quarter of 2014. During 2013, the Company acquired $45.3 million in construction in progress, which subsequently was reclassed to machinery and equipment, from the acquisitions of three solar facilities and $13.8 million in property, equipment, land and leasehold improvements from the MKC acquisition.</p> <!--EndFragment--></div> </div>
1182949000
1117391000
894665000
854169000
728845000
1285148000
1238696000
189936000
175880000
314628000
257318000
390101000
295647000
894665000
728845000
1975000
1975000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">June 30,<br /> 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">December 31, 2013</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Land</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,856</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,854</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Easements</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,624</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,624</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Buildings</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">25,152</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">25,143</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Leasehold and land improvements</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">380,864</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">357,903</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Machinery and equipment</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">705,972</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">674,839</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Furniture and fixtures</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">12,159</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">11,416</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Construction in progress</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">46,347</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">35,637</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Property held for future use</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,975</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,975</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,182,949</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,117,391</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Less: accumulated depreciation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (288,284</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (263,222</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Property, equipment, land and leasehold improvements, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 894,665</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 854,169</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">As of June 30,</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total assets of reportable segments</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 2,461,816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 2,084,655</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Investment in IMTT</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">71,434</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">89,109</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Corporate and other</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 9,255</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 54,567</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total consolidated assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 2,542,505</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 2,228,331</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Quarter Ended June 30,</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Six Months Ended June 30,</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total reportable segments EBITDA excluding<br /> non-cash items</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">62,420</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">53,054</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">123,943</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">109,880</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest income</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">31</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">49</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">95</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">143</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(17,945</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(7,737</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(31,956</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(15,423</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Depreciation<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(14,135</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(11,139</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(27,993</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(22,092</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Amortization of intangibles</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(9,456</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(8,620</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(18,221</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(17,248</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss on extinguishment of debt</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(2,434</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(2,434</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss from customer contract termination</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(1,626</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(1,626</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss on disposal of assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(106</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Selling, general and administrative - corporate</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(2,233</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(2,103</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(3,279</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(3,709</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Fees to manager</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(14,495</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(32,493</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(23,489</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(61,670</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Equity in earnings and amortization charges of investee</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">10,799</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">11,289</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">25,086</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">21,751</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other income (expense), net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,059</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (286</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 505</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,704</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total consolidated net income (loss) before income taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 15,229</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (2,046</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 43,875</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 9,170</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Depreciation includes depreciation expense for the district energy business, a component of the CP&E segment, which is reported in cost of services in the consolidated condensed statements of operations.</td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Quarter Ended June 30, 2014</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Net income</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">6,294</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,698</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,154</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">13,146</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,891</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">13,352</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,690</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">17,933</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Provision for income taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,092</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">3,855</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">616</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,563</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Depreciation<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,983</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">6,789</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,363</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">14,135</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Amortization of intangibles</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">312</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,818</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">326</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">9,456</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss on disposal of assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other non-cash expense (income)</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 408</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 88</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (2,125</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (1,629</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> EBITDA excluding non-cash items</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 14,980</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 39,416</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 8,024</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 62,420</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Depreciation includes depreciation expense for the district energy business, a component of the CP&E segment, which is reported in cost of services in the consolidated condensed statements of operations.</td> </tr> </table> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Quarter Ended June 30, 2013</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Net income</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,662</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,432</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">416</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">13,510</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,238</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,626</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,865</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,729</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Provision (benefit) for income taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,995</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,426</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(548</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,873</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Depreciation<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,878</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,997</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">3,264</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">11,139</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Amortization of intangibles</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">312</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,977</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">331</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,620</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss on extinguishment of debt</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,434</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,434</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss from customer contract termination</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,626</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,626</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other non-cash expense (income)</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 326</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (47</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (156</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 123</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> EBITDA excluding non-cash items</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 11,411</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 34,845</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 6,798</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 53,054</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Depreciation includes depreciation expense for the district energy business, a component of the CP&E segment, which is reported in cost of services in the consolidated condensed statements of operations.</td> </tr> </table> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Six Months Ended June 30, 2014</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Net income (loss)</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">12,489</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">16,253</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(261</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">28,481</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">3,678</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">22,917</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,335</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">31,930</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Provision for income taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,119</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,770</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,215</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">18,104</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Depreciation<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">3,929</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">13,591</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">10,473</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">27,993</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Amortization of intangibles</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">624</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">16,949</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">648</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">18,221</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss on disposal of assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other non-cash expense (income)</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,132</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 156</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (2,890</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (1,602</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> EBITDA excluding non-cash items</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 29,971</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 79,452</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 14,520</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 123,943</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Depreciation includes depreciation expense for the district energy business, a component of the CP&E segment, which is reported in cost of services in the consolidated condensed statements of operations.</td> </tr> </table> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Six Months Ended June 30, 2013</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Net income</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">11,369</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">19,044</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">298</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">30,711</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,943</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,725</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">3,742</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">15,410</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Provision for income taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,478</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">12,824</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,415</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">21,717</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Depreciation<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">3,724</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">11,889</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">6,479</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">22,092</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Amortization of intangibles</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">624</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">15,956</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">668</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">17,248</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss on extinguishment of debt</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,434</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,434</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss from customer contract termination</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,626</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,626</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss on disposal of assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">106</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">106</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other non-cash expense (income)</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 988</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (115</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (2,337</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (1,464</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> EBITDA excluding non-cash items</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 27,126</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 70,863</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 11,891</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 109,880</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Depreciation includes depreciation expense for the district energy business, a component of the CP&E segment, which is reported in cost of services in the consolidated condensed statements of operations.</td> </tr> </table> <!--EndFragment--></div> </div>
208000
289000
136000
165000
7000
12000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> 11. Related Party Transactions</h2> <h3 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Management Services</h3> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> At June 30, 2014 and December 31, 2013, the Manager held 3,445,606 shares and 3,120,187 shares, respectively, of the Company. Pursuant to the terms of the management services agreement, or Management Agreement, the Manager may sell these shares at any time. As discussed in Note 9, "Members' Equity", as part of the Company's equity offering completed in May of 2013, the Manager sold 3,182,625 of its shares and received proceeds of $178.2 million, net of underwriting fees and expenses. Under the Management Agreement, the Manager, at its option, may reinvest performance fees and base management fees in shares of the Company.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Since January 1, 2013, the Company paid the Manager cash dividends on shares held for the following periods:</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> Declared</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Period Covered</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">$ per Share</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Record Date</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Payable Date</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Amount Paid to Manager (in thousands)</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; TEXT-ALIGN: center">July 3, 2014<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">Second quarter 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">0.95</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">August 11, 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">August 14, 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <sup>(1)</sup><!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; TEXT-ALIGN: center">April 28, 2014<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">First quarter 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">0.9375</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">May 12, 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">May 15, 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">3,180</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; TEXT-ALIGN: center"> February 18, 2014<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">Fourth quarter 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">0.9125</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">March 3, 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">March 6, 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,945</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; TEXT-ALIGN: center">October 25, 2013<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">Third quarter 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">0.875</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">November 11, 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">November 14, 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,442</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; TEXT-ALIGN: center">July 29, 2013<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">Second quarter 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">0.875</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">August 12, 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">August 15, 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,744</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; TEXT-ALIGN: center">April 26, 2013<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">First quarter 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">0.6875</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">May 13, 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">May 16, 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,872</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">The amount of dividend payable to the Manager for the second quarter of 2014 will be determined on August 11, 2014, the record date.</td> </tr> </table> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Under the Management Agreement, the Manager manages the Company's day-to-day operations and oversees the management teams of the Company's operating businesses. In addition, the Manager has the right to appoint the Chairman of the Board of the Company and an alternate, subject to minimum equity ownership, and to assign, or second, to the Company, two of its employees to serve as chief executive officer and chief financial officer of the Company and seconds or makes other personnel available as required.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> In accordance with the Management Agreement, the Manager is entitled to a monthly base management fee based primarily on the Company's market capitalization, and potentially a quarterly performance fee, based on the performance of the Company's stock relative to a U.S. utilities index. The Company recorded base management fees of $9.5 million and $18.5 million for the quarter and six months ended June 30, 2014, respectively, and a performance fee of $5.0 million for the quarter ended June 30, 2014, payable to the Manager. For the quarter and six months ended June 30, 2013, the Company incurred base management fees of $8.1 million and $15.2 million, respectively, and performance fees of $24.5 million and $46.5 million, respectively, payable to the Manager. In all of these periods, the Manager elected to reinvest these fees in additional shares.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The unpaid portion of the base management fees and performance fees, if any, at the end of each reporting period are included in due to manager-related party in the consolidated condensed balance sheets. The following table shows the Manager's election to reinvest its base management fees and performance fees, if any, in additional shares:</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> Period</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Base Management<br /> Fee Amount<br /> ($ in thousands)</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Performance<br /> Fee Amount<br /> ($ in thousands)</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Shares<br /> Issued</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; FONT-STYLE: italic; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> 2014 Activities:<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Second quarter 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">9,535</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,960</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">243,329</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <sup>(1)</sup><!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> First quarter 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,994</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">164,546</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-STYLE: italic; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> 2013 Activities:<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Fourth quarter 2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,455</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">155,943</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Third quarter 2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,336</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">6,906</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">278,480</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Second quarter 2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,053</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">24,440</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">603,936</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> First quarter 2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,135</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">22,042</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">522,638</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">The Manager elected to reinvest the second quarter of 2014 base management fees and performance fee in shares. The Company issued 243,329 shares, of which 135,565 shares were issued in July of 2014 for the June of 2014 base management fee and the performance fee for the quarter ended June 30, 2014.</td> </tr> </table> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Manager is not entitled to any other compensation and all costs incurred by the Manager, including compensation of seconded staff, are paid by the Manager out of its base management fee. However, the Company is responsible for other direct costs including, but not limited to, expenses incurred in the administration or management of the Company and its subsidiaries and investments, income taxes, audit and legal fees, acquisitions and dispositions and its compliance with applicable laws and regulations. During the quarter and six months ended June 30, 2014, the Manager charged the Company $136,000 and $208,000, respectively, for reimbursement of out-of-pocket expenses compared with $165,000 and $289,000, for the quarter and six months ended June 30, 2013, respectively. The unpaid portion of the out-of-pocket expenses at the end of the reporting period is included in due to manager-related party in the consolidated condensed balance sheets.</p> <h3 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Other Services</h3> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company utilizes the resources of the Macquarie Group with respect to a range of advisory, procurement, insurance, hedging, lending and other services. Engagements involving members of the Macquarie Group are reviewed and approved by the Audit Committee of the Company's Board of Directors. Macquarie Group affiliates are engaged on an arm's length basis and frequently as a member of syndicate of providers whose other members establish the terms of the interaction.</p> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Advisory Services</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Macquarie Group, and wholly-owned subsidiaries within the Macquarie Group, including Macquarie Bank Limited, or MBL, and Macquarie Capital (USA) Inc., or MCUSA, have provided various advisory and other services and incurred expenses in connection with the Company's equity raising activities, acquisitions and debt structuring for the Company and its businesses. Underwriting fees are recorded in members' equity as a direct cost of equity offerings. Advisory fees and out-of-pocket expenses relating to acquisitions are expensed as incurred. Debt arranging fees are deferred and amortized over the term of the credit facility.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> MIC engaged MCUSA in connection with its ongoing initiative to bring Liquefied Natural Gas to the state of Hawaii. During the quarter and six months ended June 30, 2013, Hawaii Gas incurred $50,000 and $132,000, respectively, of which $7,000 related to out-of-pocket expenses incurred in the first quarter of 2013, in fees to MCUSA for such services. No amounts were incurred during the six months ended June 30, 2014.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The district energy business' credit facilities mature in September of 2014. During 2013, the Company engaged MCUSA to assist in identifying and analyzing various alternatives for paying these obligations prior to maturity and obtaining other credit facilities. At June 30, 2014, no amounts had been incurred under this arrangement.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company completed underwritten public offerings and sales of shares in December of 2013 and May of 2013. In both offerings, MCUSA served as a joint book-running manager and an underwriter and received $2.6 million and $2.4 million, respectively, from the Company for such services.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> In July of 2014, the Company completed underwritten public offerings of 11,500,000 shares and $350.0 million aggregate principal amount of convertible senior notes. In both transactions, MCUSA served as a joint book-running manager and an underwriter and received $3.0 million and $1.1 million, respectively, from the Company for such services.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> During 2013, the Company engaged MCUSA as Joint Bookrunner, Joint Lead Arranger and Syndication Agent in connection with the refinancing of the long-term debt facilities of Atlantic Aviation. Atlantic Aviation closed the refinancing on May 31, 2013. Atlantic Aviation paid $4.0 million to MCUSA for such services, of which $12,000 related to out-of-pocket expenses.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> In December of 2013, Atlantic Aviation entered into an equity bridge loan for $70.0 million, of which $35.0 million was provided by MIHI LLC, an entity within Macquarie Group. The Company engaged MCUSA as Joint Bookrunner and Joint Lead Arranger. This equity bridge loan was never drawn by the business and subsequently cancelled. During the quarter ended March 31, 2014, Atlantic Aviation incurred and paid $88,000 in commitment fees to MCUSA related to this equity bridge loan.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On January 22, 2014, Atlantic Aviation entered into an incremental $100.0 million term loan facility on the same terms as the AA Credit Agreement. The Company engaged MCUSA as Joint Bookrunner and paid $16,000 in fees during January of 2014.</p> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Long-Term Debt</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> As discussed in Note 7, "Long-Term Debt", Atlantic Aviation entered into a credit agreement on May 31, 2013. The credit agreement provides for a seven-year, $465.0 million senior secured first lien term loan facility and a five-year, $70.0 million senior secured first lien revolving credit facility. The $70.0 million revolving credit facility is provided by various financial institutions, including MBL which provides $15.7 million. At June 30, 2014 and December 31, 2013, the revolving credit facility remained undrawn. For the quarter and six months ended June 30, 2014 and quarter ended June 30, 2013, Atlantic Aviation incurred $26,000, $52,000 and $9,000, respectively, in commitment fees related to MBL's portion of the revolving credit facility.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> In July of 2014, the Company entered into a credit agreement that provides a five-year, $250.0 million senior secured first lien revolving credit facility, of which $50.0 million is committed by MIHI LLC. Upon closing, the Company paid MIHI LLC $250,000 in fees.</p> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Other Transactions</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Macquarie, through the Macquarie Insurance Facility ("MIF"), has an aggregated insurance buying program. By combining the insurance premiums of Macquarie owned and managed funds, MIF has been able to deliver competitive terms to businesses that participate in the facility. MIF earns a commission from the insurers. No payments were made to MIF by the Company during the six months ended June 30, 2014 and 2013. In February of 2014, the Company renewed its Directors and Officers liability insurance utilizing several of the MIF insurers.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Atlantic Aviation, Hawaii Gas and CP&E purchase and renew property and casualty insurance coverage on an ongoing basis from insurance underwriters who then pay commissions to MIF. For the six months ended June 30, 2014 and 2013, no payments were made directly to MIF for property and casualty insurance.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> In July of 2014, in connection with the acquisition of the remaining interest of IMTT, the Company purchased insurance from an insurance underwriter who then paid commission to MIF. No payments were made directly to MIF for representations and warranties insurance.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Atlantic Aviation entered into a copiers lease agreement with Macquarie Equipment Finance, or MEF, an indirect subsidiary of Macquarie Group Limited. For the quarter and six months ended June 30, 2014, Atlantic Aviation incurred $6,000 and $12,000, respectively, in lease expense on these copiers as compared to $6,000 and $11,000 for the quarter and six months ended June 30, 2013, respectively. As of June 30, 2014 and 2013, Atlantic Aviation had prepaid the July monthly payment to MEF for $2,000, which is included in prepaid expenses in the consolidated condensed balance sheets for respective periods.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Hawaii Gas entered into licensing agreements with Utility Service Partners, Inc. and America's Water Heater Rentals, LLC, both indirect subsidiaries of Macquarie Group Limited, to enable these entities to offer products and services to Hawaii Gas's customer base. No payments were made under these arrangements during the six months ended June 30, 2014 and 2013.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> In addition, the Company and several of its subsidiaries have entered into a licensing agreement with the Macquarie Group related to the use of the Macquarie name and trademark. The Macquarie Group does not charge the Company any fees for this license.</p> <!--EndFragment--></div> </div>
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="609"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Cash Flow Hedges, net<br /> of taxes<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Post-Retirement Benefit Plans, net of taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Translation Adjustment, net of taxes<sup>(2)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Accumulated Other Comprehensive Loss, net of taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Noncontrolling Interests</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Members' Accumulated Other Comprehensive Loss, net of taxes</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Balance at December 31, 2012</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(1,538</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(20,466</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">514</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(21,490</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">689</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(20,801</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Reclassification of realized losses of derivatives into earnings</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 516</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 516</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (247</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 269</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Balance at June 30, 2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (1,022</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (20,466</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 514</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (20,974</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 442</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (20,532</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Balance at December 31, 2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(636</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(8,021</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(46</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(8,703</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">258</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(8,445</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Reclassification of realized losses of derivatives into earnings</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">321</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">321</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(153</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">168</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Translation adjustment</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 4</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 4</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 4</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Balance at June 30, 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (315</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (8,021</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (42</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (8,378</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 105</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (8,273</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">For the six months ended June 30, 2014 and 2013, reclassification of realized losses of derivatives is composed of (i) pre-tax derivative losses into interest expense of $508,000 and $821,000, respectively, and the related tax benefit of $202,000 and $326,000, respectively, recorded in the consolidated condensed statements of operations; and (ii) pre-tax derivative losses of $23,000 and $32,000, respectively, as an adjustment to investment in unconsolidated business, and an adjustment to deferred taxes of $8,000 and $11,000, respectively, recorded in the consolidated condensed balance sheet.</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(2)</td> <td style="TEXT-ALIGN: left">Translation adjustment is presented net of taxes of $2,000 for the six months ended June 30, 2014.</td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">June 30,<br /> 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">December 31, 2013</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Hawaii Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">180,000</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">180,000</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">614,679</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">517,773</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 287,589</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 296,337</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,082,268</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">994,110</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Less: current portion</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (158,687</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (163,083</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Long-term portion</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 923,581</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 831,027</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Assets (Liabilities) at Fair Value<sup>(1)</sup></td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Interest Rate Contracts Not Designated as Hedging Instruments</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> Balance Sheet Location</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">June 30, 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">December 31, 2013</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Fair value of derivative instruments - current assets<sup>(2)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Fair value of derivative instruments - non-current assets<sup>(3)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 947</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 6,880</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total interest rate derivative contracts - assets<sup>(2)</sup><sup>(3)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 947</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 6,881</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Fair value of derivative instruments - current liabilities<sup>(3)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(10,542</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(13,027</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Fair value of derivative instruments - non-current liabilities<sup>(3)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (1,410</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total interest rate derivative contracts - liabilities<sup>(3)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (11,952</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (13,027</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Fair value measurements at reporting date were made using significant other observable inputs ("level 2").</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(2)</td> <td style="TEXT-ALIGN: left">Derivative contracts represent interest rate caps.</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(3)</td> <td style="TEXT-ALIGN: left">Derivative contracts represent interest rate swaps.</td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> Declared</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Period Covered</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">$ per Share</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Record Date</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Payable Date</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Amount Paid to Manager (in thousands)</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; TEXT-ALIGN: center">July 3, 2014<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">Second quarter 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">0.95</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">August 11, 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">August 14, 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <sup>(1)</sup><!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; TEXT-ALIGN: center">April 28, 2014<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">First quarter 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">0.9375</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">May 12, 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">May 15, 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">3,180</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; TEXT-ALIGN: center"> February 18, 2014<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">Fourth quarter 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">0.9125</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">March 3, 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">March 6, 2014</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,945</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; TEXT-ALIGN: center">October 25, 2013<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">Third quarter 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">0.875</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">November 11, 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">November 14, 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,442</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; TEXT-ALIGN: center">July 29, 2013<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">Second quarter 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">0.875</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">August 12, 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">August 15, 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,744</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; TEXT-ALIGN: center">April 26, 2013<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">First quarter 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">0.6875</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">May 13, 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">May 16, 2013</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,872</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">The amount of dividend payable to the Manager for the second quarter of 2014 will be determined on August 11, 2014, the record date.</td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Quarter Ended June 30, 2014</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Revenue from Product Sales<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">32,017</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">150,240</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,830</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">188,087</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales - utility</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 37,117</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 37,117</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">69,134</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">150,240</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,830</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">225,204</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other Revenue<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Service Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 42,972</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 12,057</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 55,029</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">42,972</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">12,057</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">55,029</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Financing and Lease Income<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Financing and equipment lease</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 710</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 710</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 710</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 710</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 69,134</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 193,212</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 18,597</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 280,943</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> </p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Quarter Ended June 30, 2013</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Revenue from Product Sales<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">28,420</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">135,929</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,832</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">167,181</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales - utility</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 34,193</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 34,193</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">62,613</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">135,929</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,832</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">201,374</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other Revenue<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Service Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 38,573</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 11,713</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 50,286</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">38,573</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">11,713</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">50,286</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Financing and Lease Income<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Financing and equipment lease</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 907</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 907</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 907</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 907</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 62,613</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 174,502</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 15,452</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 252,567</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> </p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Six Months Ended June 30, 2014</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Revenue from Product Sales<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">66,223</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">296,177</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">9,488</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">371,888</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales - utility</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 72,262</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 72,262</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">138,485</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">296,177</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">9,488</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">444,150</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other Revenue<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Service Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 90,996</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 20,535</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 111,531</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">90,996</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">20,535</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">111,531</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Financing and Lease Income<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Financing and equipment lease</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,457</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,457</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,457</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,457</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 138,485</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 387,173</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 31,480</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 557,138</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Six Months Ended June 30, 2013</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Revenue from Product Sales<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">60,505</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">276,273</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,518</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">341,296</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales - utility</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 71,114</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 71,114</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">131,619</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">276,273</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,518</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">412,410</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other Revenue<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Service Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 82,369</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 20,032</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 102,401</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">82,369</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">20,032</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">102,401</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Financing and Lease Income<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Financing and equipment lease</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,962</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,962</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,962</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,962</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 131,619</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 358,642</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 26,512</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 516,773</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">June 30,<br /> 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">December 31, 2013</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Contractual arrangements</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">863,276</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">746,231</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Non-compete agreements</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">9,665</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">9,665</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Customer relationships</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">81,105</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">80,255</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Leasehold rights</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,121</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,121</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Trade names</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">15,771</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">15,671</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Technology</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 460</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 460</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">972,398</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">854,403</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Less: accumulated amortization</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (279,032</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (261,553</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Intangible assets, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 693,366</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 592,850</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Goodwill acquired in business combinations, net of disposals, at December 31, 2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">637,694</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Add: goodwill acquired in 2014 acquisition</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">82,133</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Less: accumulated impairment charges</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (123,200</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Balance at June 30, 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 596,627</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Derivatives Not Designated as Hedging Instruments</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Amount of Loss Recognized in Interest Expense for the Quarter Ended June 30,</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Amount of Loss Recognized in Interest Expense for the<br /> Six Months Ended June 30,</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> Financial Statement Account</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013<sup>(2)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013<sup>(2)</sup></td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense - Interest rate cap</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(27</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(1</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(53</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense - Interest rate swaps</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (8,618</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (460</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (13,950</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (1,494</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (8,618</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (487</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (13,951</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (1,547</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Net loss recognized in interest expense for the interest rate swap contracts for the quarter and six months ended June 30, 2014 includes $8.3 million and $13.4 million, respectively, of unrealized derivative losses and $269,000 and $508,000, respectively, of derivative losses reclassified from accumulated other comprehensive loss. Net loss recognized in interest expense for the six months ended June 30, 2014 also includes $1,000 of unrealized derivative losses from an interest rate cap contract.</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(2)</td> <td style="TEXT-ALIGN: left">Net loss recognized in interest expense for the interest rate swap contracts for the quarter and six months ended June 30, 2013 includes $37,000 and $673,000, respectively, of unrealized derivative losses and $423,000 and $821,000, respectively, of derivative losses reclassified from accumulated other comprehensive loss. Net loss recognized in interest expense for the quarter and six months ended June 30, 2013 also includes $27,000 and $53,000, respectively, of unrealized derivative losses from an interest rate cap contract.</td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Inventories</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">474</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other current assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 27</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total current assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">501</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Property, equipment, land and leasehold improvements</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">29,714</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Intangible assets:<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Trade names<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">100</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Customer relationships<sup>(2)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">850</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Contractual arrangements<sup>(3)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">118,500</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Goodwill<sup>(4)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 82,284</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total assets acquired</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 231,949</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Current liabilities</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,949</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total liabilities assumed</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 1,949</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Net assets acquired</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 230,000</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Trade names are indefinite in life.</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(2)</td> <td style="TEXT-ALIGN: left">Customer relationships are being amortized over an eight year period.</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(3)</td> <td style="TEXT-ALIGN: left">Contractual arrangements are being amortized over a weighted average life of twenty five years.</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(4)</td> <td style="TEXT-ALIGN: left">Goodwill of $82.3 million is deductible for tax purposes.</td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> Period</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Base Management<br /> Fee Amount<br /> ($ in thousands)</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Performance<br /> Fee Amount<br /> ($ in thousands)</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Shares<br /> Issued</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; FONT-STYLE: italic; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> 2014 Activities:<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Second quarter 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">9,535</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,960</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">243,329</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <sup>(1)</sup><!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> First quarter 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,994</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">164,546</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-STYLE: italic; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> 2013 Activities:<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Fourth quarter 2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,455</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">155,943</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Third quarter 2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,336</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">6,906</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">278,480</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Second quarter 2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,053</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">24,440</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">603,936</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> First quarter 2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,135</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">22,042</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">522,638</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">The Manager elected to reinvest the second quarter of 2014 base management fees and performance fee in shares. The Company issued 243,329 shares, of which 135,565 shares were issued in July of 2014 for the June of 2014 base management fee and the performance fee for the quarter ended June 30, 2014.</td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">As of, and for the Quarter Ended, June 30,</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">As of, and for the Six Months Ended, June 30,</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">142,518</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">125,821</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">290,596</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">257,306</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Net income</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">24,003</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">24,984</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">54,984</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">48,314</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,813</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,117</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">15,946</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,723</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Provision for income taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">15,455</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">16,592</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">36,557</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">33,713</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Depreciation and amortization</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">19,646</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">18,636</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">37,920</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">37,058</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Casualty losses, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">6,500</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">6,500</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other non-cash expenses</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,518</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 101</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 3,501</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 176</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> EBITDA excluding non-cash items<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 69,435</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 67,930</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 148,908</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 133,484</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Capital expenditures paid</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">24,272</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">39,724</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">53,893</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">90,498</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Property, equipment, land and leasehold improvements, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,285,148</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,238,696</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,285,148</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,238,696</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,386,959</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,355,152</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,386,959</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,355,152</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">EBITDA consists of earnings before interest, taxes, depreciation and amortization. Non-cash items that are excluded consist of impairments, derivative gains and losses and all other non-cash income and expense items.</td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Quarter Ended June 30,</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Six Months Ended June 30,</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Weighted average number of shares outstanding: basic</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 56,559,924</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 50,889,021</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 56,465,136</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 49,245,969</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Dilutive effect of restricted stock unit grants</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 12,595</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 12,752</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 17,414</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Weighted average number of shares outstanding: diluted</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 56,572,519</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 50,889,021</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 56,477,888</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 49,263,383</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> 10. Reportable Segments</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company's businesses consist of three reportable segments: Hawaii Gas, Atlantic Aviation and CP&E. At June 30, 2014, the Company also had a 50% investment in IMTT, which is accounted for under the equity method. On July 16, 2014, the Company completed the acquisition of the remaining 50% interest in IMTT that it did not own. From the acquisition date, the Company will consolidate the financial results of IMTT and IMTT will become a reportable segment.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Financial information for IMTT's business as a whole is presented below ($ in thousands):</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">As of, and for the Quarter Ended, June 30,</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">As of, and for the Six Months Ended, June 30,</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">142,518</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">125,821</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">290,596</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">257,306</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Net income</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">24,003</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">24,984</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">54,984</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">48,314</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,813</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,117</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">15,946</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,723</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Provision for income taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">15,455</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">16,592</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">36,557</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">33,713</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Depreciation and amortization</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">19,646</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">18,636</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">37,920</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">37,058</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Casualty losses, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">6,500</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">6,500</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other non-cash expenses</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,518</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 101</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 3,501</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 176</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> EBITDA excluding non-cash items<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 69,435</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 67,930</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 148,908</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 133,484</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Capital expenditures paid</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">24,272</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">39,724</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">53,893</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">90,498</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Property, equipment, land and leasehold improvements, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,285,148</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,238,696</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,285,148</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,238,696</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,386,959</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,355,152</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,386,959</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,355,152</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">EBITDA consists of earnings before interest, taxes, depreciation and amortization. Non-cash items that are excluded consist of impairments, derivative gains and losses and all other non-cash income and expense items.</td> </tr> </table> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> All of the business segments, including the businesses within Contracted Power and Energy, are managed separately and management has chosen to organize the Company around the distinct products and services offered.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> IMTT provides bulk liquid terminal and handling services in North America through ten terminals located on the East, West, Gulf Coasts and the Great Lakes region of the United States and partially owned terminals in Quebec and Newfoundland, Canada. IMTT derives the majority of its revenue from storage and handling of petroleum products, various chemicals, renewable fuels, and vegetable and animal oils. Based on storage capacity, IMTT operates one of the largest third-party bulk liquid terminals businesses in the United States.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The revenue from the Hawaii Gas segment is included in revenue from product sales. Revenue is generated from the distribution and sales of synthetic natural gas, or SNG, and liquefied petroleum gas, or LPG. Revenue is primarily a function of the volume of SNG and LPG consumed by customers and the price per thermal unit or gallon charged to customers. Because both SNG and LPG are derived from petroleum, revenue levels, without organic growth, will generally track global oil prices. The utility revenue of Hawaii Gas reflects fuel adjustment clauses, or FACs, through which changes in fuel costs are passed through to customers.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Atlantic Aviation business segment derives the majority of its revenues from fuel sales and from other airport services, including de-icing and aircraft hangarage. All of the revenue of Atlantic Aviation is generated at airports in the U.S., of which there were 68 at June 30, 2014. Revenues from Atlantic Aviation are included in revenue from product sales and service revenue.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> At June 30, 2014, the Contracted Power and Energy business segment derives revenue from the solar power generation and district energy businesses. Revenues from the solar power generation businesses are included in revenue from product sales. As of June 30, 2014, the Company has invested in five utility-scale photovoltaic power generation facilities that are located in the southwest United States that are expected to have an aggregate generating capacity of 57 megawatts of wholesale electricity to utilities. Owners of solar photovoltaic power generation facilities sell substantially all of the electricity generated from these facilities, subject to agreed upon pricing formulas, to electric utilities pursuant to long-term (typically 20 - 25 years) PPAs.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Revenues from the district energy business are included in service revenue and financing and equipment lease income. Included in service revenue is capacity revenue, which relates to monthly fixed contract charges, and consumption revenue, which relates to contractual rates applied to actual usage. Financing and equipment lease income relates to direct financing lease transactions and equipment leases to the business' various customers. Finance lease revenue, recorded on the consolidated condensed statement of operations, is the interest portion of lease payments received from equipment leases with various customers primarily in Las Vegas. The principal portion of the cash receipts on these equipment leases are recorded in the operating activities of the consolidated condensed cash flow statements. The district energy business provides its services to buildings primarily in the downtown Chicago, Illinois area and to a casino and a shopping mall located in Las Vegas, Nevada.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Selected information by segment is presented in the following tables. The tables do not include financial data for the Company's equity investment in IMTT.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Revenue from external customers for the Company's consolidated reportable segments was as follows ($ in thousands):</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Quarter Ended June 30, 2014</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Revenue from Product Sales<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">32,017</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">150,240</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,830</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">188,087</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales - utility</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 37,117</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 37,117</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">69,134</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">150,240</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,830</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">225,204</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other Revenue<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Service Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 42,972</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 12,057</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 55,029</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">42,972</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">12,057</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">55,029</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Financing and Lease Income<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Financing and equipment lease</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 710</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 710</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 710</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 710</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 69,134</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 193,212</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 18,597</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 280,943</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> </p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Quarter Ended June 30, 2013</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Revenue from Product Sales<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">28,420</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">135,929</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,832</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">167,181</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales - utility</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 34,193</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 34,193</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">62,613</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">135,929</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,832</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">201,374</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other Revenue<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Service Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 38,573</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 11,713</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 50,286</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">38,573</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">11,713</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">50,286</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Financing and Lease Income<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Financing and equipment lease</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 907</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 907</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 907</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 907</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 62,613</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 174,502</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 15,452</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 252,567</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> </p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Six Months Ended June 30, 2014</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Revenue from Product Sales<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">66,223</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">296,177</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">9,488</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">371,888</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales - utility</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 72,262</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 72,262</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">138,485</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">296,177</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">9,488</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">444,150</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other Revenue<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Service Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 90,996</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 20,535</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 111,531</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">90,996</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">20,535</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">111,531</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Financing and Lease Income<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Financing and equipment lease</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,457</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,457</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,457</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,457</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 138,485</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 387,173</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 31,480</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 557,138</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Six Months Ended June 30, 2013</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Revenue from Product Sales<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">60,505</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">276,273</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,518</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">341,296</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Product sales - utility</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 71,114</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 71,114</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">131,619</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">276,273</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,518</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">412,410</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other Revenue<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Service Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 82,369</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 20,032</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 102,401</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">82,369</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">20,032</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">102,401</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Financing and Lease Income<br /> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> </td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 20pt; TEXT-INDENT: -10pt"> Financing and equipment lease</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,962</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,962</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,962</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,962</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; FONT-WEIGHT: bold; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total Revenue</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 131,619</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 358,642</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 26,512</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 516,773</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> In accordance with FASB ASC 280 <em>Segment Reporting</em>, the Company has disclosed earnings before interest, taxes, depreciation and amortization ("EBITDA") excluding non-cash items as a key performance metric relied on by management in the evaluation of the Company's performance. Non-cash items include impairments, derivative gains and losses and adjustments for other non-cash items reflected in the statements of operations. The Company believes EBITDA excluding non-cash items provides additional insight into the performance of the operating businesses relative to each other and similar businesses without regard to their capital structure, and their ability to service or reduce debt, fund capital expenditures and/or support distributions to the holding company. EBITDA excluding non-cash items is reconciled to net income or loss.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> EBITDA excluding non-cash items for the Company's consolidated reportable segments is shown in the tables below ($ in thousands). Allocations of corporate expenses, intercompany fees and the tax effect have been excluded as they are eliminated on consolidation.</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Quarter Ended June 30, 2014</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Net income</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">6,294</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,698</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,154</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">13,146</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,891</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">13,352</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,690</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">17,933</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Provision for income taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,092</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">3,855</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">616</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,563</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Depreciation<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,983</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">6,789</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,363</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">14,135</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Amortization of intangibles</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">312</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,818</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">326</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">9,456</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss on disposal of assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other non-cash expense (income)</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 408</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 88</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (2,125</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (1,629</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> EBITDA excluding non-cash items</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 14,980</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 39,416</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 8,024</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 62,420</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Depreciation includes depreciation expense for the district energy business, a component of the CP&E segment, which is reported in cost of services in the consolidated condensed statements of operations.</td> </tr> </table> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Quarter Ended June 30, 2013</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Net income</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,662</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,432</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">416</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">13,510</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,238</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,626</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,865</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,729</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Provision (benefit) for income taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,995</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,426</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(548</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,873</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Depreciation<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,878</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,997</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">3,264</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">11,139</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Amortization of intangibles</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">312</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,977</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">331</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,620</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss on extinguishment of debt</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,434</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,434</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss from customer contract termination</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,626</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,626</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other non-cash expense (income)</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 326</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (47</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (156</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 123</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> EBITDA excluding non-cash items</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 11,411</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 34,845</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 6,798</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 53,054</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Depreciation includes depreciation expense for the district energy business, a component of the CP&E segment, which is reported in cost of services in the consolidated condensed statements of operations.</td> </tr> </table> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Six Months Ended June 30, 2014</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Net income (loss)</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">12,489</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">16,253</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(261</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">28,481</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">3,678</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">22,917</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">5,335</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">31,930</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Provision for income taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,119</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,770</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,215</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">18,104</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Depreciation<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">3,929</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">13,591</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">10,473</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">27,993</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Amortization of intangibles</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">624</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">16,949</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">648</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">18,221</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss on disposal of assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other non-cash expense (income)</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,132</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 156</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (2,890</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (1,602</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> EBITDA excluding non-cash items</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 29,971</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 79,452</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 14,520</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 123,943</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Depreciation includes depreciation expense for the district energy business, a component of the CP&E segment, which is reported in cost of services in the consolidated condensed statements of operations.</td> </tr> </table> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="15">Six Months Ended June 30, 2013</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Hawaii<br /> Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Reportable Segments</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Net income</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">11,369</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">19,044</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">298</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">30,711</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense, net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,943</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">8,725</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">3,742</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">15,410</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Provision for income taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,478</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">12,824</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,415</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">21,717</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Depreciation<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">3,724</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">11,889</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">6,479</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">22,092</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Amortization of intangibles</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">624</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">15,956</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">668</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">17,248</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss on extinguishment of debt</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,434</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">2,434</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss from customer contract termination</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,626</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">1,626</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss on disposal of assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">106</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">106</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other non-cash expense (income)</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 988</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (115</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (2,337</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (1,464</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> EBITDA excluding non-cash items</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 27,126</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 70,863</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 11,891</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 109,880</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Depreciation includes depreciation expense for the district energy business, a component of the CP&E segment, which is reported in cost of services in the consolidated condensed statements of operations.</td> </tr> </table> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Reconciliation of total reportable segments' EBITDA excluding non-cash items to consolidated net income (loss) before income taxes are as follows ($ in thousands):</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Quarter Ended June 30,</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Six Months Ended June 30,</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total reportable segments EBITDA excluding<br /> non-cash items</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">62,420</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">53,054</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">123,943</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">109,880</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest income</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">31</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">49</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">95</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">143</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Interest expense</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(17,945</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(7,737</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(31,956</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(15,423</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Depreciation<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(14,135</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(11,139</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(27,993</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(22,092</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Amortization of intangibles</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(9,456</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(8,620</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(18,221</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(17,248</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss on extinguishment of debt</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(2,434</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(2,434</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss from customer contract termination</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(1,626</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(1,626</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Loss on disposal of assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(106</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Selling, general and administrative - corporate</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(2,233</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(2,103</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(3,279</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(3,709</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Fees to manager</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(14,495</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(32,493</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(23,489</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(61,670</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Equity in earnings and amortization charges of investee</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">10,799</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">11,289</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">25,086</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">21,751</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Other income (expense), net</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,059</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (286</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 505</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,704</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total consolidated net income (loss) before income taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 15,229</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (2,046</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 43,875</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 9,170</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">Depreciation includes depreciation expense for the district energy business, a component of the CP&E segment, which is reported in cost of services in the consolidated condensed statements of operations.</td> </tr> </table> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Capital expenditures for the Company's reportable segments were as follows ($ in thousands):</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Quarter Ended June 30,</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Six Months Ended June 30,</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Hawaii Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">4,416</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">6,582</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,981</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">10,045</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,947</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">7,070</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">16,672</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">10,744</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 2,077</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 9,964</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 11,400</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 17,661</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 14,440</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 23,616</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 36,053</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 38,450</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Property, equipment, land and leasehold improvements, goodwill and total assets for the Company's reportable segments as of June 30<sup>th</sup> were as follows ($ in thousands):</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="608"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Property, Equipment, Land and Leasehold Improvements</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Goodwill</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Total Assets</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Hawaii Gas</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">189,936</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">175,880</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">120,193</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">120,193</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">403,681</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">384,823</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Atlantic Aviation</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">314,628</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">257,318</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">458,488</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">375,800</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,575,588</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 1,318,700</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Contracted Power and Energy</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 390,101</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 295,647</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 17,946</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 17,946</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 482,547</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 381,132</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 894,665</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 728,845</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 596,627</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 513,939</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 2,461,816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 2,084,655</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Reconciliation of reportable segments' total assets to consolidated total assets ($ in thousands):</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -15pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">As of June 30,</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total assets of reportable segments</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 2,461,816</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right"> 2,084,655</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Investment in IMTT</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">71,434</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">89,109</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Corporate and other</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 9,255</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 54,567</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,238,255)"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Total consolidated assets</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 2,542,505</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 2,228,331</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <!--EndFragment--></div> </div>
112300000
101329000
56836000
52120000
986642000
1042228000
1096136000
1153268000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> 9. Members' Equity</h2> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> LLC Interests, or Shares</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company is authorized to issue 500,000,000 shares. Each outstanding share of the Company is entitled to one vote on any matter with respect to which holders of shares are entitled to vote.</p> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Shelf Registration Statement and MIC Direct</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On April 8, 2013, the Company filed an automatic shelf registration statement on Form S-3 ("shelf") with the Securities and Exchange Commission to issue and sell an indeterminate amount of its shares and debt securities in one or more future offerings. Along with the shelf, the Company filed a prospectus supplement with respect to a dividend reinvestment/direct stock purchase program named "MIC Direct". The prospectus supplement relates to the issuance of up to 1.0 million additional shares to participants in MIC Direct. At June 30, 2014, 997,262 shares remained unissued under MIC Direct. The Company may also choose to fill requests for reinvestment of dividends or share purchases through MIC Direct via open market purchases.</p> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Equity Offerings</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On May 8, 2013, the Company completed an underwritten public offering and sale of 3,756,500 shares pursuant to the shelf. On May 16, 2013, the Company sold an additional 133,375 shares in this offering pursuant to the exercise of the underwriters' over-allotment option. The Manager, as selling stockholder, sold 3,182,625 shares as part of this offering. The proceeds from the offering were $217.8 million and $178.2 million, respectively, to the Company and to the Manager, net of underwriting fees and expenses. The Company used the proceeds of the offering to partially repay the existing term loan at Atlantic Aviation prior to the May 31, 2013 refinancing under the AA Credit Agreement.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On December 18, 2013, the Company completed an underwritten public offering and sale of 2,125,200 shares pursuant to the shelf and an additional 318,780 shares pursuant to the exercise of the underwriters' over-allotment option. The Company received proceeds from the offering of $123.2 million, net of underwriting fees and expenses. The Company used the proceeds to fund, in part, the Galaxy Acquisitions during April of 2014.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On July 15, 2014, in connection with its acquisition of the remaining interest in IMTT that it did not own, the Company completed underwritten public offerings of (i) 11,500,000 shares and (ii) $350.0 million aggregate principal of 2.875% convertible senior notes due July of 2019. See Note 14, "Subsequent Events".</p> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Accumulated Other Comprehensive Loss</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The following represents the changes and balances to the components of accumulated other comprehensive loss for the six months ended June 30, 2014 and 2013 ($ in thousands):</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -20pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="609"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Cash Flow Hedges, net<br /> of taxes<sup>(1)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Post-Retirement Benefit Plans, net of taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Translation Adjustment, net of taxes<sup>(2)</sup></td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Accumulated Other Comprehensive Loss, net of taxes</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Noncontrolling Interests</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">Total Members' Accumulated Other Comprehensive Loss, net of taxes</td> </tr> <tr style="BACKGROUND-COLOR: #cceeff"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Balance at December 31, 2012</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(1,538</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(20,466</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">514</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(21,490</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">689</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(20,801</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Reclassification of realized losses of derivatives into earnings</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 516</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 516</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> (247</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 269</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: #cceeff"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Balance at June 30, 2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (1,022</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (20,466</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 514</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (20,974</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> 442</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (20,532</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Balance at December 31, 2013</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(636</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(8,021</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(46</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(8,703</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">258</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(8,445</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: #cceeff"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Reclassification of realized losses of derivatives into earnings</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">321</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">-</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">321</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">(153</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">168</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Translation adjustment</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 4</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 4</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> -</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 4</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: #cceeff"> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Balance at June 30, 2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (315</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (8,021</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; 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WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right"> (8,273</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left"> )<!-- PERCENT --> </td> </tr> </table> </div> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left; LINE-HEIGHT: 12pt"> <td style="WIDTH: 1px"> </td> <td style="WIDTH: 20px; TEXT-ALIGN: left">(1)</td> <td style="TEXT-ALIGN: left">For the six months ended June 30, 2014 and 2013, reclassification of realized losses of derivatives is composed of (i) pre-tax derivative losses into interest expense of $508,000 and $821,000, respectively, and the related tax benefit of $202,000 and $326,000, respectively, recorded in the consolidated condensed statements of operations; and (ii) pre-tax derivative losses of $23,000 and $32,000, respectively, as an adjustment to investment in unconsolidated business, and an adjustment to deferred taxes of $8,000 and $11,000, respectively, recorded in the consolidated condensed balance sheet.</td> </tr> </table> <table style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 0pt; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; 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Subsequent Events</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> <em>IMTT - Acquisition of Remaining Interest</em></p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On July 16, 2014, the Company completed the acquisition of the remaining 50% interest in IMTT for a purchase price of $1.025 billion, consisting of $910.0 million in cash and $115.0 million in the Company's shares. The cash consideration for the IMTT acquisition was financed with the proceeds of underwritten public offerings of shares and convertible senior notes. In addition, the Company issued 1,729,323 shares to the seller in satisfaction of the equity consideration for the IMTT acquisition. Prior to this acquisition, the investment in IMTT was accounted for under the equity method of accounting. As of the closing date, the Company will consolidate IMTT and the business will become a reportable segment. The change in accounting method is expected to result in a gain remeasuring to fair value of the Company's 50% ownership, previously accounted for under the equity method of accounting, and will be recorded during the third quarter of 2014.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The unaudited pro forma selected consolidated financial data set forth below gives effect to the IMTT Acquisition as if it had occurred as of January 1, 2013. The pro forma adjustments give effect to the IMTT Acquisition based upon the acquisition method of accounting in accordance with U.S. GAAP. The selected unaudited pro forma consolidated financial data is presented for illustrative purposes only and is not necessarily indicative of the results of operations of future periods or results of operations that actually would have been realized had the Company and IMTT been consolidated during the periods presented. The pro forma adjustments are preliminary.</p> <div style="TEXT-ALIGN: center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-VARIANT: normal; VERTICAL-ALIGN: bottom; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; PADDING-BOTTOM: 3pt; FONT-STYLE: normal; TEXT-ALIGN: left; PADDING-TOP: 3pt; PADDING-LEFT: 0pt; MARGIN: -20pt 0pt 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0px" cellspacing="0" cellpadding="0" width="554"> <tr> <td> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> <td style="WIDTH: 12px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: medium none; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td colspan="3"> </td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="7">Six Months Ended<br /> June 30,</td> </tr> <tr> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: normal"> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2014</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: normal" colspan="3">2013</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Revenues</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">847,734</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ -->$</td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">774,079</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> <tr style="BACKGROUND-COLOR: #cceeff"> <td style="VERTICAL-ALIGN: text-bottom; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt"> Net Income Attributable to MIC LLC</td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">56,592</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"> <!-- GUTTER --> </td> <td style="WIDTH: 6px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"> <!-- $ --> </td> <td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">27,628</td> <td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left"> <!-- PERCENT --> </td> </tr> </table> </div> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> MIC Revolver</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> In July of 2014, the Company entered into a senior secured revolving credit facility with a syndicate of banks. The senior secured revolving credit facility provides for a five-year, $250.0 million senior secured first lien revolving credit facility that bears interest at LIBOR plus 1.75%. This facility is guaranteed by MIC Inc. At July 30, 2014, the senior secured revolving credit facility remains undrawn.</p> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Equity Offering</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On July 15, 2014, the Company completed an underwritten public offering of 11,500,000 shares. The net proceeds from the offering of $739.9 million were used to partially fund the IMTT acquisition discussed above and for general corporate purposes.</p> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Convertible Senior Notes Offering</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On July 15, 2014, the Company completed an underwritten public offering of $350.0 million aggregate principal amount of convertible senior notes. The net proceeds of $341.3 million were used to partially fund the IMTT acquisition discussed above and for general corporate purposes.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The notes mature on July 15, 2019 and bear interest at a rate of 2.875% payable on January 15<sup>th</sup> and July 15<sup>th</sup> of each year, beginning January 15, 2015. The notes were issued at an initial conversion rate of 11.7942 per share (equal to an initial conversion price of approximately $84.79 per share, subject to adjustment) and are convertible into shares of MIC at any time.</p> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Acquisition of - Brahms Wind, New Mexico</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On July 3, 2014, the Company completed the acquisition of a 20 megawatt wind power generating facility located in eastern New Mexico for $10.6 million including transaction costs. The facility commenced operations in February of 2014 and all power generated is being sold to a local utility. The acquisition has been accounted for as a business combination and will be part of our CP&E segment.</p> <h4 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Dividend</h4> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> On July 3, 2014, the Board of Directors declared a dividend of $0.95 per share for the quarter ended June 30, 2014, which is expected to be paid on August 14, 2014 to holders of record on August 11, 2014.<br /> </p> <!--EndFragment--></div> </div>
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Interest expense includes losses on derivative instruments of $8.6 million and $13.9 million for the quarter and six months ended June 30, 2014, respectively, of which net losses of $269,000 and $508,000, respectively, were reclassified from accumulated other comprehensive loss. For the quarter and six months ended June 30, 2013, interest expense includes losses on derivative instruments of $487,000 and $1.5 million, respectively, of which net losses of $423,000 and $821,000, respectively, were reclassified from accumulated other comprehensive loss.
Includes $107,000 and $202,000 of benefit for income taxes from accumulated other comprehensive loss reclassifications for the quarter and six months ended June 30, 2014, respectively. For the quarter and six months ended June 30, 2013, benefit for income taxes includes $168,000 and $326,000 from accumulated other comprehensive loss reclassifications, respectively.
Reclassification of realized losses of derivatives is composed of (i) pre-tax derivative losses into interest expense of $269,000 and $508,000, respectively, and the related tax benefit of $107,000 and $202,000, respectively, recorded in the consolidated condensed statements of operations; and (ii) pre-tax derivative losses of $13,000 and $23,000, respectively, as an adjustment to investment in unconsolidated business, and an adjustment to deferred taxes of $4,000 and $8,000, respectively, recorded in the consolidated condensed balance sheet for the quarter and six months ended June 30, 2014, respectively. For the quarter and six months ended June 30, 2013, reclassification of realized losses of derivatives is composed of (i) pre-tax derivative losses into interest expense of $423,000 and $821,000, respectively, and the related tax benefit of $168,000 and $326,000, respectively, recorded in the consolidated condensed statements of operations; and (ii) pre-tax derivative losses of $17,000 and $32,000, respectively, as an adjustment to investment in unconsolidated business, and an adjustment to deferred taxes of $6,000 and $11,000, respectively, recorded in the consolidated condensed balance sheet.
Translation adjustment is presented net of taxes of $156,000 and $2,000, respectively, for the quarter and six months ended June 30, 2014, respectively.
Contractual arrangements are being amortized over a weighted average life of twenty five years.
Customer relationships are being amortized over an eight year period.
Goodwill of $82.3 million is deductible for tax purposes.
Derivative contracts represent interest rate caps.
Derivative contracts represent interest rate swaps.
Fair value measurements at reporting date were made using significant other observable inputs ("level 2").
Net loss recognized in interest expense for the interest rate swap contracts for the quarter and six months ended June 30, 2014 includes $8.3 million and $13.4 million, respectively, of unrealized derivative losses and $269,000 and $508,000, respectively, of derivative losses reclassified from accumulated other comprehensive loss. Net loss recognized in interest expense for the six months ended June 30, 2014 also includes $1,000 of unrealized derivative losses from an interest rate cap contract.
Net loss recognized in interest expense for the interest rate swap contracts for the quarter and six months ended June 30, 2013 includes $37,000 and $673,000, respectively, of unrealized derivative losses and $423,000 and $821,000, respectively, of derivative losses reclassified from accumulated other comprehensive loss. Net loss recognized in interest expense for the quarter and six months ended June 30, 2013 also includes $27,000 and $53,000, respectively, of unrealized derivative losses from an interest rate cap contract.
EBITDA consists of earnings before interest, taxes, depreciation and amortization. Non-cash items that are excluded consist of impairments, derivative gains and losses and all other non-cash income and expense items.
Depreciation includes depreciation expense for the district energy business, a component of the CP&E segment, which is reported in cost of services in the consolidated condensed statements of operations.
The amount of dividend payable to the Manager for the second quarter of 2014 will be determined on August 11, 2014, the record date.
The Manager elected to reinvest the second quarter of 2014 base management fees and performance fee in shares. The Company issued 243,329 shares, of which 135,565 shares were issued in July of 2014 for the June of 2014 base management fee and the performance fee for the quarter ended June 30, 2014.
Trade names are indefinite in life.
For the six months ended June 30, 2014 and 2013, reclassification of realized losses of derivatives is composed of (i) pre-tax derivative losses into interest expense of $508,000 and $821,000, respectively, and the related tax benefit of $202,000 and $326,000, respectively, recorded in the consolidated condensed statements of operations; and (ii) pre-tax derivative losses of $23,000 and $32,000, respectively, as an adjustment to investment in unconsolidated business, and an adjustment to deferred taxes of $8,000 and $11,000, respectively, recorded in the consolidated condensed balance sheet.
Translation adjustment is presented net of taxes of $2,000 for the six months ended June 30, 2014.