Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration No. 333-165467

 	 	Press Release	
MagnaChip Reports Strong Second Quarter 2010
Financial Results
SEOUL, South Korea and CUPERTINO, Calif., July 28, 2010 — MagnaChip Semiconductor LLC (“MagnaChip Semiconductor”) today announced solid financial results for the second quarter ended June 30, 2010.
Revenue for the second quarter of 2010 was $194.7 million, an 8.5% increase compared to $179.5 million for the first quarter of 2010, and a 39.4% increase compared to $139.7 million for the second quarter ended June 30, 2009. Revenue exceeded the top end of the Company’s expectations due to continued strong demand for its diverse mixed-signal analog products from its Semiconductor Manufacturing Services division and accelerated sales growth in the company’s Power Solutions division.
Gross profit was $64.5 million or 33.1%, as a percent of revenue, for the second quarter of 2010. This compares to gross profit of $49.4 million or 27.5% for the first quarter of 2010 and $48.3 million or 34.6% for the year-ago quarter. During the second quarter, gross profit was positively impacted by improved factory utilization at the Company’s wafer fabrication facilities as well as a favorable mix shift to higher margin products in our Display and Power Solution business segments.
“We are very encouraged by the strength of the order patterns across all our product lines,” said Sang Park, MagnaChip’s Chairman and Chief Executive Officer. “We delivered solid financial results this quarter, exceeded the upper end of our revenue expectations and are well positioned to continue to capitalize on the improving global semiconductor market.”
The Company continues to prudently manage operating expenses. Combined SG&A and R&D expenses were $36.5 million or 18.8% of revenue for the second quarter of 2010 compared to $38.4 million or 21.4% for the first quarter of 2010 and $34.6 million or 24.8% for the year-ago quarter.
Operating income was $27.8 million for the second quarter of 2010 or 14.3% of revenue. This compares to operating income of $10.6 million or 5.9% of revenue for the first quarter of 2010 and $13.4 million or 9.6% of revenue for the second quarter of 2009.
Net loss, on a GAAP basis, for the second quarter of 2010 totaled $30.7 million or $0.10 per diluted common unit. This compares to net income of $31.1 million or $0.10 per diluted common unit for the first quarter of 2010 and net income of $27.6 million or $0.46 per diluted common unit for the year-ago quarter. Net loss, for the second quarter of 2010, was negatively impacted by a foreign currency loss of $48.3 million compared to a foreign currency gain

 
of $21.6 million and $30.8 million for the first quarter of 2010 and second quarter of 2009, respectively. A substantial portion of the net foreign currency exposure is related to non-cash translations gains or losses recorded for intercompany borrowings at our Korea subsidiary that are denominated in U.S. dollars.
Adjusted net income, a non-GAAP measurement, for the second quarter of 2010 totaled $25.7 million compared to $19.9 million for the first quarter of 2010, and an Adjusted net income of $5.0 million for the year-ago quarter.
Adjusted EBITDA, a non-GAAP measurement, for the second quarter of 2010 totaled $43.8 million compared to $28.7 million for the first quarter of 2010, and $29.2 million for the second quarter of 2009.
Management believes that non-GAAP financial measures, when viewed in conjunction with GAAP results, can provide a more meaningful understanding of the factors and trends affecting MagnaChip’s business and operations. However, such non-GAAP financial measures have limitations and should not be considered as a substitute for net income or as a better indicator of our operating performance than measures that are presented in accordance with GAAP.
Combined cash balances (cash and cash equivalents plus short-term investments) totaled $141.3 million at the end of the second quarter of 2010, an increase of $58.6 million from the end of the prior quarter. Cash provided from operations totaled approximately $36.0 million for the second quarter of 2010. This compares to $14.9 million for the first quarter of 2010 and $25.2 million for the second quarter of 2009.
Revenue by Segment
 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	Three Months Ended	
 	 	Successor	 	Predecessor	
In thousands of US dollars	 	2Q 10	 	1Q 10	 	2Q 09	
Semiconductor Manufacturing Services	 	$	101,564	 	 	$	93,201	 	 	$	62,963	 	
Display Solutions	 	 	80,584	 	 	 	76,730	 	 	 	74,187	 	
Power Solutions	 	 	12,040	 	 	 	9,034	 	 	 	1,685	 	
Other	 	 	512	 	 	 	520	 	 	 	858	 	
Total Revenue	 	$	194,700	 	 	$	179,485	 	 	$	139,693	 	
Recent Operational Highlights
•	 	Announced an Enhanced Process Design Kit (PDK) for 0.18um and 0.35um BCD Technology	
 	 	 	
•	 	Introduced a Cost Competitive 0.18um Embedded EEPROM Technology for Specialized Applications	
Business Outlook
The Company anticipates third quarter 2010 revenue will increase 7% to 9% on a sequential basis.
Non-GAAP Metrics
Adjusted EBITDA excludes charges related to depreciation and amortization associated with continuing operations, interest expense, income tax expense (benefit), restructuring and impairment activities, other

 
restructuring charges, reorganization items, inventory step-up, equity-based compensation, foreign currency loss (gain) and derivative valuation loss (gain). A reconciliation of GAAP results to non-GAAP results is included following the financial statements below. Adjusted net income (loss) excludes charges related to restructuring and impairment, other restructuring charges, reorganization items, inventory step-up equity-based compensation, amortization of intangible assets associated with continuing operations, foreign currency loss (gain) and derivative valuation loss (gain).
Conference Call
MagnaChip will hold a teleconference at 6 p.m. EDT today to discuss the second quarter 2010 financial results. The conference call will be webcast live and can also be monitored by dialing 1-866-776-2061 in the U.S. or 1-706-679-0298 for all other locations. The conference ID number is 87834798 and participants are encouraged to initiate their calls at least 10 minutes in advance of the 6 p.m. EDT start time to ensure a timely connection. The webcast can be accessed at  www.magnachip.com  and will be archived for one year.
A replay of the July 28, 2010 conference call will be available the same day and will run for 72 hours. The replay access numbers are 1-800-642-1687 and 1-706-645-9291. The access code is 87834798.
About MagnaChip Semiconductor
Headquartered in South Korea, MagnaChip Semiconductor is an Asia-based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications. The Company has a broad range of analog and mixed-signal semiconductor technology and intellectual property, supported by its 30-year operating history, large portfolio of registered and pending patents and extensive engineering and manufacturing process expertise. For more information, please visit  www.magnachip.com . Information on or accessible through, MagnaChip Semiconductor’s website is not a part of, and is not incorporated into, this release.
Safe Harbor for Forward-Looking Statements
MagnaChip Semiconductor has filed a registration statement (including a preliminary prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents MagnaChip Semiconductor has filed with the SEC for more complete information about the company and the offering. You may get these documents for free by visiting EDGAR on the SEC web site at  www.sec.gov  or by visiting MagnaChip Semiconductor’s investor relations SEC web site link at  www.magnachip.com . Alternatively, MagnaChip Semiconductor will arrange to send you the preliminary prospectus if you request it by calling 1-408-625-1262.
Information in this release regarding MagnaChip Semiconductor’s forecasts, business outlook, expectations and beliefs are forward-looking statements that involve risks and uncertainties. These statements include statements about our ability to capitalize on improving market dynamics and future operating and financial performance including third quarter 2010 revenues. All forward-looking statements included in this release are based upon information available to MagnaChip Semiconductor as of the date of this release, which may change, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of

 
future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences include general economic conditions, the impact of competitive products and pricing, timely design acceptance by our customers, timely introduction of new products and technologies, ability to ramp new products into volume production, industry wide shifts in supply and demand for semiconductor products, industry and/or company overcapacity, effective and cost efficient utilization of manufacturing capacity, financial stability in foreign markets and the impact of foreign exchange rates, unanticipated costs and expenses or the inability to identify expenses which can be eliminated, compliance with U.S. and international trade and export laws and regulations by us and our distributors, and other risks detailed from time to time in MagnaChip Semiconductor’s filings with the SEC, including our Form S-1/A registration statement filed on June 16, 2010, and subsequent registration statements, amendments or other reports that we may file from time to time with the SEC and/or make available on our website. MagnaChip Semiconductor assumes no obligation and does not intend to update the forward-looking statements provided, whether as a result of new information, future events or otherwise.
 	 	 	
CONTACTS:	 	 	
 	 	 	
In the United States:	 	In Korea:	
Robert Pursel	 	Chankeun Park	
Director of Investor Relations	 	Senior Manager, Public Relations	
Tel. 408-625-1262	 	Tel. +82-3-6903-3195	
robert.pursel@magnachip.com	 	chankeun.park@magnachip.com	
# # #

 
MAGNACHIP SEMICONDUCTOR LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands of US dollars, except unit data)
(Unaudited)
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	Three Months Ended	 	
 	 	Successor	 	 	 	Predecessor	 	
 	 	June 30,	 	 	March 31,	 	 	 	June 28,	 	
 	 	2010	 	 	2010	 	 	 	2009	 	
Net sales	 	$	194,700	 	 	$	179,485	 	 	 	$	139,693	 	
Cost of sales	 	 	130,166	 	 	 	130,127	 	 	 	 	91,362	 	

Gross profit	 	 	64,534	 	 	 	49,358	 	 	 	 	48,331	 	
 	 	 	 	 	 	 	 	 	 	 	
Gross profit %	 	 	33.1	%	 	 	27.5	%	 	 	 	34.6	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Selling, general and administrative expenses	 	 	15,964	 	 	 	17,908	 	 	 	 	18,353	 	
Research and development expenses	 	 	20,543	 	 	 	20,531	 	 	 	 	16,242	 	
Restructuring and impairment charges	 	 	267	 	 	 	336	 	 	 	 	385	 	

Operating income from continuing operations	 	 	27,760	 	 	 	10,583	 	 	 	 	13,351	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Other income (expenses)	 	 	 	 	 	 	 	 	 	 	 	 	 	
Interest expense, net	 	 	(6,557	)	 	 	(2,049	)	 	 	 	(12,837	)	
Foreign currency gain (loss), net	 	 	(48,273	)	 	 	21,616	 	 	 	 	30,791	 	
Reorganization items, net	 	 	—	 	 	 	—	 	 	 	 	(340	)	
Others	 	 	(950	)	 	 	(52	)	 	 	 	—	 	

 	 	 	(55,780	)	 	 	19,515	 	 	 	 	17,614	 	

Income (loss) from continuing operations before income taxes	 	 	(28,020	)	 	 	30,098	 	 	 	 	30,965	 	

Income tax expenses (benefits)	 	 	2,727	 	 	 	(1,003	)	 	 	 	2,387	 	

Income (loss) from continuing operations	 	 	(30,747	)	 	 	31,101	 	 	 	 	28,578	 	

Income (loss) from discontinued operations, net of taxes	 	 	—	 	 	 	—	 	 	 	 	(966	)	

Net income (loss)	 	$	(30,747	)	 	$	31,101	 	 	 	$	27,612	 	

Dividends accrued on preferred units	 	 	—	 	 	 	—	 	 	 	 	2,948	 	

Income (loss) from continuing operations attributable to common units	 	$	(30,747	)	 	$	31,101	 	 	 	$	25,630	 	

Net income (loss) attributable to common units	 	$	(30,747	)	 	$	31,101	 	 	 	$	24,664	 	
 	 	 	 	 	 	 	 	 	 	 	
Earnings (loss) per common unit from continuing operations—Basic and diluted	 	$	(0.10	)	 	$	0.10	 	 	 	$	0.48	 	

Earnings (loss) per common unit from discontinued operations—Basic and diluted	 	$	—	 	 	$	—	 	 	 	$	(0.02	)	

Earnings (loss) per common unit—Basic and diluted	 	$	(0.10	)	 	$	0.10	 	 	 	$	0.46	 	
 	 	 	 	 	 	 	 	 	 	 	
Weighted average number of units—Basic	 	 	302,558,556	 	 	 	302,443,556	 	 	 	 	52,923,483	 	
Weighted average number of units—Diluted	 	 	302,558,556	 	 	 	307,535,928	 	 	 	 	52,923,483	 	

 
MAGNACHIP SEMICONDUCTOR LLC AND SUBSIDIARIES
RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA AND ADJUSTED NET INCOME (LOSS)
(In thousands of US dollars, except unit data)
(Unaudited)
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	Three Months Ended	 	
 	 	Successor	 	 	 	Predecessor	 	
 	 	June 30,	 	 	March 31,	 	 	 	June 28,	 	
 	 	2010	 	 	2010	 	 	 	2009	 	
Net income (loss)	 	$	(30,747	)	 	$	31,101	 	 	 	$	27,612	 	
Less: Income (loss) from discontinued operations, net of taxes	 	 	—	 	 	 	—	 	 	 	 	(966	)	
 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations	 	 	(30,747	)	 	 	31,101	 	 	 	 	28,578	 	
Adjustments:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Depreciation and amortization associated with continuing operations	 	 	14,508	 	 	 	15,477	 	 	 	 	11,741	 	
Interest expense, net	 	 	6,557	 	 	 	2,049	 	 	 	 	12,837	 	
Income tax expenses (benefits)	 	 	2,727	 	 	 	(1,003	)	 	 	 	2,387	 	
Restructuring and impairment charges	 	 	267	 	 	 	336	 	 	 	 	385	 	
Other restructuring charges	 	 	—	 	 	 	—	 	 	 	 	3,719	 	
Reorganization items, net	 	 	—	 	 	 	—	 	 	 	 	340	 	
Inventory step-up	 	 	—	 	 	 	867	 	 	 	 	—	 	
Equity-based compensation expense	 	 	1,279	 	 	 	1,473	 	 	 	 	56	 	
Foreign currency loss (gain), net	 	 	48,273	 	 	 	(21,616	)	 	 	 	(30,791	)	
Derivative valuation loss, net	 	 	950	 	 	 	57	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted EBITDA	 	$	43,814	 	 	$	28,741	 	 	 	$	29,252	 	
 	 	 	 	 	 	 	 	 	 	 	
Adjusted EBITDA per Common Unit:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic and diluted	 	 	0.14	 	 	 	0.09	 	 	 	 	0.55	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss)	 	$	(30,747	)	 	$	31,101	 	 	 	$	27,612	 	
Less: Income (loss) from discontinued operations, net of taxes	 	 	—	 	 	 	—	 	 	 	 	(966	)	
 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations	 	 	(30,747	)	 	$	31,101	 	 	 	 	28,578	 	
Adjustments:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Restructuring and impairment charges	 	 	267	 	 	 	336	 	 	 	 	385	 	
Other restructuring charges	 	 	—	 	 	 	—	 	 	 	 	3,719	 	
Reorganization items, net	 	 	—	 	 	 	—	 	 	 	 	340	 	
Inventory step-up	 	 	—	 	 	 	867	 	 	 	 	—	 	
Equity based compensation expense	 	 	1,279	 	 	 	1,473	 	 	 	 	56	 	
Amortization of intangibles associated with continuing operations	 	 	5,718	 	 	 	7,697	 	 	 	 	2,725	 	
Foreign currency loss (gain), net	 	 	48,273	 	 	 	(21,616	)	 	 	 	(30,791	)	
Derivative valuation loss, net	 	 	950	 	 	 	57	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	
Adjusted Net Income (Loss)	 	$	25,740	 	 	$	19,915	 	 	 	$	5,012	 	

Adjusted Net Income (Loss) per Common Unit:	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic	 	$	0.09	 	 	$	0.07	 	 	 	$	0.09	 	
Diluted	 	$	0.08	 	 	$	0.06	 	 	 	$	0.09	 	
We define Adjusted EBITDA as net income (loss) less income (loss) from discontinued operations, net of taxes, adjusted to exclude (i) depreciation and amortization associated with continuing operations, (ii) interest expense, net, (iii) income tax expense, (iv) restructuring and impairment charges, (v) other restructuring charges, (vi) abandoned IPO expenses, (vii) subcontractor claim settlement, (viii) the increase in cost of sales resulting from the fresh-start accounting inventory step-up, (ix) equity-based compensation expense, (x) reorganization items, net, (xi) foreign currency gain (loss), net, and (xii) derivative valuation loss(gain), net.
We present Adjusted Net Income as a further supplemental measure of our performance. We prepare Adjusted Net Income by adjusting net income (loss) to eliminate the impact of a number of non-cash expenses and other items that may be either one time or recurring that we do not consider to be indicative of our core ongoing operating performance. We believe that Adjusted Net Income is particularly useful because it reflects the impact of our asset base and capital structure on our operating performance.

 
MAGNACHIP SEMICONDUCTOR LLC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands of US dollars, except unit data)
(Unaudited)
 	 	 	 	 	 	 	 	 	
 	 	Successor	 	
 	 	June 30,	 	 	December 31,	 	
 	 	2010	 	 	2009	 	
Assets	 	 	 	 	 	 	 	 	
Current assets	 	 	 	 	 	 	 	 	
Cash and cash equivalents	 	$	141,310	 	 	$	64,925	 	
Accounts receivable, net	 	 	117,711	 	 	 	74,233	 	
Inventories, net	 	 	59,972	 	 	 	63,407	 	
Other receivables	 	 	3,702	 	 	 	3,433	 	
Prepaid expenses	 	 	9,908	 	 	 	12,625	 	
Other current assets	 	 	11,097	 	 	 	3,433	 	

Total current assets	 	 	343,700	 	 	 	222,056	 	

Property, plant and equipment, net	 	 	155,040	 	 	 	156,337	 	
Intangible assets, net	 	 	34,837	 	 	 	50,158	 	
Long-term prepaid expenses	 	 	10,883	 	 	 	10,542	 	
Other non-current assets	 	 	21,491	 	 	 	14,238	 	

Total assets	 	$	565,951	 	 	$	453,331	 	

Liabilities and Unitholders’ Equity	 	 	 	 	 	 	 	 	
Current liabilities	 	 	 	 	 	 	 	 	
Accounts payable	 	$	69,379	 	 	$	59,705	 	
Other accounts payable	 	 	22,546	 	 	 	7,190	 	
Accrued expenses	 	 	31,906	 	 	 	22,114	 	
Current portion of long-term debt	 	 	—	 	 	 	618	 	
Other current liabilities	 	 	7,826	 	 	 	3,937	 	

Total current liabilities	 	 	131,657	 	 	 	93,564	 	
 	 	 	 	 	 	 	 	 	
Long-term borrowings	 	 	246,746	 	 	 	61,132	 	
Accrued severance benefits, net	 	 	76,394	 	 	 	72,409	 	
Other non-current liabilities	 	 	9,234	 	 	 	10,536	 	

Total liabilities	 	 	464,031	 	 	 	237,641	 	

Unitholders’ equity	 	 	 	 	 	 	 	 	
Common units, no par value, 375,000,000 units authorized, 307,233,996 and 307,083,996 units issued and outstanding at June 30, 2010 and December 31, 2009, respectively	 	 	55,453	 	 	 	55,135	 	
Additional paid-in capital	 	 	39,224	 	 	 	168,700	 	
Accumulated deficit	 	 	(1,609	)	 	 	(1,963	)	
Accumulated other comprehensive income (loss)	 	 	8,852	 	 	 	(6,182	)	

Total unitholders’ equity	 	 	101,920	 	 	 	215,690	 	

Total liabilities and unitholders’ equity	 	$	565,951	 	 	$	453,331	 	

 
MAGNACHIP SEMICONDUCTOR LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands of US dollars)
(Unaudited)
 	 	 	 	 	 	 	 	 	 	
 	 	Six Months Ended	 	
 	 	Successor	 	 	 	Predecessor	 	
 	 	June 30,	 	 	 	June 28,	 	
 	 	2010	 	 	 	2009	 	
Cash flows from operating activities	 	 	 	 	 	 	 	 	 	
Net income (loss)	 	$	354	 	 	 	$	(42,080	)	
Adjustments to reconcile net income (loss) to net cash provided by operating activities	 	 	 	 	 	 	 	 	 	
Depreciation and amortization	 	 	29,985	 	 	 	 	22,167	 	
Provision for severance benefits	 	 	9,380	 	 	 	 	3,738	 	
Amortization of debt issuance costs	 	 	449	 	 	 	 	499	 	
Gain on foreign currency translation, net	 	 	29,966	 	 	 	 	9,758	 	
Loss (gain) on disposal of property, plant and equipment, net	 	 	(9	)	 	 	 	82	 	
Loss on disposal of intangible assets, net	 	 	7	 	 	 	 	74	 	
Restructuring and impairment charges	 	 	603	 	 	 	 	—	 	
Unit-based compensation	 	 	2,752	 	 	 	 	167	 	
Cash used for reorganization items	 	 	1,475	 	 	 	 	—	 	
Noncash reorganization items	 	 	—	 	 	 	 	340	 	
Other	 	 	749	 	 	 	 	1,077	 	
Changes in operating assets and liabilities	 	 	 	 	 	 	 	 	 	
Accounts receivable	 	 	(45,243	)	 	 	 	(13,972	)	
Inventories	 	 	1,342	 	 	 	 	7,899	 	
Other receivables	 	 	119	 	 	 	 	343	 	
Deferred tax assets	 	 	618	 	 	 	 	1,623	 	
Accounts payable	 	 	7,542	 	 	 	 	8,520	 	
Other accounts payable	 	 	11,330	 	 	 	 	(2,884	)	
Accrued expenses	 	 	7,841	 	 	 	 	25,542	 	
Long term other payable	 	 	(1,531	)	 	 	 	405	 	
Other current assets	 	 	(92	)	 	 	 	517	 	
Other current liabilities	 	 	(1,172	)	 	 	 	5,081	 	
Payment of severance benefits	 	 	(2,760	)	 	 	 	(3,207	)	
Other	 	 	(1,324	)	 	 	 	(184	)	
 	 	 	 	 	 	 	 	
Net cash provided by operating activities before reorganization items	 	 	52,381	 	 	 	 	25,505	 	
 	 	 	 	 	 	 	 	
Cash used for reorganization items	 	 	(1,475	)	 	 	 	—	 	
 	 	 	 	 	 	 	 	
Net cash provided by operating activities	 	 	50,906	 	 	 	 	25,505	 	

Cash flows from investing activities	 	 	 	 	 	 	 	 	 	
Proceeds from disposal of plant, property and equipment	 	 	13	 	 	 	 	282	 	
Proceeds from disposal of intangible assets	 	 	—	 	 	 	 	1	 	
Purchase of plant, property and equipment	 	 	(20,509	)	 	 	 	(2,082	)	
Payment for intellectual property registration	 	 	(245	)	 	 	 	(155	)	
Increase in restricted cash	 	 	—	 	 	 	 	(17,524	)	
Decrease (increase) in short-term financial instruments	 	 	329	 	 	 	 	(324	)	
Decrease in guarantee deposits	 	 	999	 	 	 	 	608	 	
Other	 	 	(778	)	 	 	 	3	 	
 	 	 	 	 	 	 	 	
Net cash used in investing activities	 	 	(20,191	)	 	 	 	(19,191	)	

Cash flows from financing activities	 	 	 	 	 	 	 	 	 	
Proceeds from issuance of senior notes	 	 	238,372	 	 	 	 	—	 	
Repayment of current portion of long-term debt	 	 	(772	)	 	 	 	—	 	
Repayment of long-term debt	 	 	(60,978	)	 	 	 	—	 	
Distribution to unitholders	 	 	(130,697	)	 	 	 	—	 	
 	 	 	 	 	 	 	 	
Net cash provided by financing activities	 	 	45,925	 	 	 	 	—	 	
Effect of exchange rates on cash and cash equivalents	 	 	(255	)	 	 	 	(914	)	
 	 	 	 	 	 	 	 	
Net increase in cash and cash equivalents	 	 	76,385	 	 	 	 	5,400	 	

Cash and cash equivalents	 	 	 	 	 	 	 	 	 	
Beginning of the period	 	 	64,925	 	 	 	 	4,037	 	
 	 	 	 	 	 	 	 	
End of the period	 	$	141,310	 	 	 	$	9,437