Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ (7,851) $ 1,349
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization of subscriber accounts, dealer network and other intangible assets 61,780 44,315
Depreciation 2,383 1,488
Stock-based compensation 414 361
Deferred income tax expense 877 109
Long-term debt amortization 263 192
Other non-cash activity, net 2,872 2,406
Changes in assets and liabilities:    
Trade receivables (2,719) (1,876)
Prepaid expenses and other assets (793) 1,233
Payables and other liabilities 9,985 10,123
Net cash provided by operating activities 67,211 59,700
Cash flows from investing activities:    
Capital expenditures (1,938) (1,265)
Cost of subscriber accounts acquired (53,789) (46,043)
Increase in restricted cash (79)  
Other investing activities (25)  
Net cash used in investing activities (55,831) (47,308)
Cash flows from financing activities:    
Proceeds from long-term debt 42,900 24,700
Payments on long-term debt (27,192) (17,738)
Payments of financing costs   (1,746)
Net cash provided by financing activities 15,708 5,216
Net increase in cash and cash equivalents 27,088 17,608
Cash and cash equivalents at beginning of period 4,355 3,433
Cash and cash equivalents at end of period 31,443 21,041
Supplemental cash flow information:    
State taxes paid 6  
Interest paid $ 11,963 $ 10,437