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BrightView EXEMPT Consolidated Financial Statements l
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BrightView EXEMPT Consolidated Financial Statements l
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December 31, 2016 December 31, 2015 <br /> Cash paid for income taxes $ 18,667 $ <br />$ 86,370 $ 80,223 <br />$ 6,555 $ <br />$ 521 $ 1,277 <br />$ <br />$ (23,723) $(37,135) <br />Unbilled and deferred revenue (17,997) 5,296 <br />Inventories 1,033 (187) <br />Other current and non-current assets (20,589) (1,183) <br />Prepaid income taxes (7,448) 13,472 <br />Accounts payable 16,273 (2,132) <br />Accrued expenses and other liabilities 30,183 12,205 <br /> Total $ (22,268) $ (9,664) <br />BrightView Acquisition Holdings, Inc. <br />Notes to the Consolidated Financial Statements <br />For the Years Ended December 31, 2016 and 2015 <br />(in thousands) <br />15. Related Party Transactions <br />The Company has a management services agreement with KKR and MSD Capital a Parent unit holder. Under the <br />terms of the agreement, KKR and MSD Capital provide management consulting and financial services to the <br />Company in exchange for an annual advisory fee in an amount equal to 1% of prior year Adjusted EBITDA, as <br />defined in the Company’s Credit Agreement. Fees associated with this agreement for the years ended December 31, <br />2016 and 2015 were $2,716 and $2,129, respectively. Additionally, the Company incurred $400 and $737 of <br />advisory and professional fees to KKR related to certain integration activities for the years ended December 31, <br />2016 and 2015, respectively. All of these fees are included in Selling, general and administrative expense in the <br />accompanying Consolidated Statements of Operations. <br />16. Supplemental Cash Flow Information <br />14,068 <br /> Cash paid for interest <br />Noncash investing activities: <br />Equipment acquired under capital lease obligations 6,875 <br />Unrealized loss on investments held in Rabbi Trust <br />Increase in liabilities due to unrealized losses on <br />interest rate swaps <br />Noncash financing activities: <br />$ 8,331 <br />12,975 <br />Changes in operating assets and liabilities are as follows: <br />Accounts receivable, net <br />December 31, 2015 December 31, 2016 December 31, 2016 <br />25 <br />Confidential
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