Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net loss $ (111,295) $ (76,307) $ (72,448)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Amortization of subscriber accounts, dealer network and other intangible assets 236,788 246,753 258,668
Depreciation 8,818 8,160 10,066
Stock-based and long-term incentive compensation 3,183 2,598 2,271
Deferred income tax expense (benefit) (4,026) 4,140 3,986
Gain on disposal of operating assets, net 0 0 (5)
Legal settlement reserve, net of cash payments 23,000 0 0
Amortization of debt discount and deferred debt costs 6,819 6,936 6,506
Refinancing expense 0 9,500 4,468
Bad debt expense 11,014 10,785 9,735
Other non-cash activity, net (4,291) (4,595) 4,715
Changes in assets and liabilities:      
Trade receivables (9,790) (11,032) (9,378)
Prepaid expenses and other assets (2,160) 446 (4,115)
Subscriber accounts - deferred contract costs (3,064) (2,947) (1,773)
Payables and other liabilities (4,792) (3,910) (3,534)
Net cash provided by operating activities 150,204 190,527 209,162
Cash flows from investing activities:      
Capital expenditures (14,393) (9,178) (12,422)
Cost of subscriber accounts acquired (142,909) (201,381) (266,558)
Cash paid for acquisition, net of cash acquired 0 0 (56,778)
Decrease (increase) in restricted cash 0 55 (37)
Proceeds from disposal of operating assets 0 0 5
Net cash used in investing activities (157,302) (210,504) (335,790)
Cash flows from financing activities:      
Proceeds from long-term debt 187,950 1,280,700 778,000
Payments on long-term debt (175,250) (1,238,059) (666,640)
Payments of financing costs 0 (16,946) (6,477)
Value of shares withheld for share-based compensation (477) (121) (318)
Contribution from Ascent Capital 0 0 22,690
Dividend to Ascent Capital (5,000) (5,000) 0
Net cash provided by financing activities 7,223 20,574 127,255
Net increase in cash and cash equivalents 125 597 627
Cash and cash equivalents at beginning of period 3,177 2,580 1,953
Cash and cash equivalents at end of period 3,302 3,177 2,580
Supplemental cash flow information:      
State taxes paid 2,713 2,645 3,245
Interest paid 138,339 123,763 117,840
Cash remaining to be paid for property and equipment $ 272 $ 558 $ 1,214