Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net loss $ (678,750) $ (111,295) $ (76,307)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Amortization of subscriber accounts, dealer network and other intangible assets 211,639 236,788 246,753
Depreciation 11,434 8,818 8,160
Stock-based and long-term incentive compensation 310 3,183 2,598
Deferred income tax expense (benefit) (14,087) (4,026) 4,140
Non-cash legal settlement reserve (related insurance recovery) (2,750)    
Non-cash legal settlement reserve   23,000 0
Amortization of debt discount and deferred debt costs 33,452 6,819 6,936
Refinancing expense 12,238 0 9,500
Unrealized loss on derivative financial instruments 3,151 0 0
Bad debt expense 12,300 11,014 10,785
Loss on goodwill impairment 563,549 0 0
Other non-cash activity, net 24 (4,291) (4,595)
Changes in assets and liabilities:      
Trade receivables (12,776) (9,790) (11,032)
Prepaid expenses and other assets (11,046) (2,160) 446
Subscriber accounts - deferred contract costs (5,418) (3,064) (2,947)
Payables and other liabilities (18,767) (4,792) (3,910)
Net cash provided by operating activities 104,503 150,204 190,527
Cash flows from investing activities:      
Capital expenditures (14,903) (14,393) (9,178)
Cost of subscriber accounts acquired (140,450) (142,909) (201,381)
Net cash used in investing activities (155,353) (157,302) (210,559)
Cash flows from financing activities:      
Proceeds from long-term debt 248,800 187,950 1,280,700
Payments on long-term debt (184,100) (175,250) (1,238,059)
Payments of financing costs (9,682) 0 (16,946)
Value of shares withheld for share-based compensation (93) (477) (121)
Dividend paid to Ascent Capital (5,000) (5,000) (5,000)
Net cash provided by financing activities 49,925 7,223 20,574
Net increase (decrease) in cash, cash equivalents and restricted cash (925) 125 542
Cash, cash equivalents and restricted cash at beginning of period 3,302 3,177 2,635
Cash, cash equivalents and restricted cash at end of period 2,377 3,302 3,177
Supplemental cash flow information:      
State taxes paid, net 2,569 2,713 2,645
Interest paid 147,632 138,339 123,763
Accrued capital expenditures $ 552 $ 272 $ 558