Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (31,770) $ (26,207)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization of subscriber accounts, deferred contract acquisition costs and other intangible assets 49,145 54,411
Depreciation 3,154 2,615
Stock-based and long-term incentive compensation 535 (12)
Deferred income tax expense 0 662
Amortization of debt discount and deferred debt costs 0 1,789
Unrealized loss on derivative financial instruments 7,773 0
Refinancing expense 5,214 0
Bad debt expense 3,335 3,017
Other non-cash activity, net (267) (852)
Changes in assets and liabilities:    
Trade receivables (2,652) (2,672)
Prepaid expenses and other assets 48 580
Subscriber accounts - deferred contract acquisition costs (863) (898)
Payables and other liabilities 14,890 17,921
Net cash provided by operating activities 48,542 50,354
Cash flows from investing activities:    
Capital expenditures (2,999) (3,310)
Cost of subscriber accounts acquired (28,850) (24,560)
Net cash used in investing activities (31,849) (27,870)
Cash flows from financing activities:    
Proceeds from long-term debt 43,100 50,000
Payments on long-term debt (18,400) (47,750)
Payments of financing costs (14,720) 0
Value of shares withheld for share-based compensation (1) (42)
Dividend to Ascent Capital (5,000) 0
Net cash provided by financing activities 4,979 2,208
Net increase in cash, cash equivalents and restricted cash 21,672 24,692
Cash, cash equivalents and restricted cash at beginning of period 2,377 3,302
Cash, cash equivalents and restricted cash at end of period 24,049 27,994
Supplemental cash flow information:    
State taxes paid, net 0 0
Interest paid 24,672 21,735
Accrued capital expenditures $ 1,322 $ 830