EFTA Document EFTA01366950

Amendment #4 Page 521 of 868 lablr at Coet(eix Basis of presentation The Company ries presented combined financial statements as of and for ire years ended December 31, 2014 and 2013 The Com parry's combined financial statements have been prepared in accordance with U S generally accepted accountrig portieres (1)S GAAP') The Financial A.ccoureing Standards Board (FASEO Acco_nting Standards °cogitation ASC1 is ire source of aulhadalwe U S GAAP to be applied by nongovernrnertal entities In Batton, the rues and interpretative releases of the Unted Stales Secunties and Exchange Commissar, (SEC') unokr autroay d federal sectntes laws are also sources of authontative U S GAAP for SEC registrants The Company currently operates as part of the Parent The combined financial statements were prepared using the Parent's historical bees in certain assets and liabilities, and include all revenues, expenses, assets, and liabilities attributed to the assets to be acquired The hstoncal combined Inertial statements also .rct.ee altocatons of cedar, corporate expenses of Ire Parent Management beeves the assumphons and mellxidolcgy underlying the allocation of the Parent's or porete expenses reasonably reflect al of the costs of doing busness of the Company However such expenses may not be indcetve of the actual level of expense that would have been incurred by the Company f t lad operated as an independere publicly traded ccrnpany during the periods poor to the Offering or Cl the costs expected to be incurred in the future The combined balance sheets do not separately present certain of the Parent s assets cc liabilities where management deemed it inappropnate due to the unieMnng nature of Mose assets and tabiltes The Parent performs fnancing. cash management treasury and other services for the Company on a centralized bees Changes in the net parent investment account in the combined balance sheets related to these actwites have been considered cash !erects and payments for purposes of the combined statements ct cash flows and arc reflected in financing actortes Changes in the net parent investment account resulting frOm Parent contributions of assets and liabilities nave been considered non-cash &arcing act-ones for purposes of the combined statements of cash flows Trese combined financial statements and related notes to the combined financial stMemexti are presented on a consistent bass tor all periods presented All significant intercompany transactions and balances ^awe teen el urinated in the combined financial statements 2. Summary of significant accounting policies Use of estimates in prepanng our cornbred I nanoai statements, we use estimates and assumptions that may affect reported amounts and disclosures Estimates are used when accountog for depreciation leases derivatwes, asset retirement otagatons contingencies impairments, accrued liabilities and income taxes among others These estimates and assumptions are based on current facts Wanes' experience and venousotter factors that we believe to be reasonable under the ofccentartes the teSuillS Of %Mien form the bass for rnalen9 ludgmentS atria the carrying values of assets ansi liabilities and ire recording of revenue, costs and expenses rat are not readily apparent from other sources To the extent there are material cilterenres between the estimates and actual results our future results of operations would be erected Cash end cash equivalents Cash aid cash egurva'ents:rolude all cash balances and money market funds win orignal maturity periods of three months or less wren purchased F.201 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/20 15/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058478 CONFIDENTIAL SDNY_GM_00204662 EFTA01366950