Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income (loss) $ (16,376) $ 1,941
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization of subscriber accounts, dealer network and other intangible assets 125,041 90,313
Depreciation 4,581 3,209
Stock-based compensation 896 763
Deferred income tax expense 1,691 204
Long-term debt amortization 531 387
Gain on disposal of operating assets, net (69) (2)
Other non-cash activity, net 5,693 4,712
Changes in assets and liabilities:    
Trade receivables (3,967) (4,126)
Prepaid expenses and other assets 391 1,928
Payables and other liabilities (4,055) 1,385
Net cash provided by operating activities 114,357 100,714
Cash flows from investing activities:    
Capital expenditures (3,212) (3,978)
Cost of subscriber accounts acquired (126,640) (113,199)
Increase in restricted cash (72) 0
Proceeds from disposal of operating assets 241 2
Other investing activities (347) 0
Net cash used in investing activities (130,030) (117,175)
Cash flows from financing activities:    
Proceeds from long-term debt 75,200 62,100
Payments on long-term debt (57,783) (44,764)
Payments of financing costs 0 (1,771)
Dividend to Ascent 0 (1,000)
Net cash provided by financing activities 17,417 14,565
Net increase (decrease) in cash and cash equivalents 1,744 (1,896)
Cash and cash equivalents at beginning of period 4,355 3,433
Cash and cash equivalents at end of period 6,099 1,537
Supplemental cash flow information:    
State taxes paid 2,658 2,350
Interest paid $ 54,869 $ 38,648