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
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income (loss) $ 1,941 $ (7,525)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization of subscriber accounts and dealer network 90,313 77,430
Depreciation 3,209 2,622
Stock based compensation 763 580
Deferred income tax expense 204 213
Unrealized gain on derivative financial instruments   (6,793)
Refinancing expense   6,245
Long-term debt amortization 387 4,101
Other non-cash activity, net 4,710 3,689
Changes in assets and liabilities:    
Trade receivables (4,126) (2,165)
Prepaid expenses and other assets 1,928 (216)
Payables and other liabilities 1,385 6,729
Net cash provided by operating activities 100,714 84,910
Cash flows from investing activities:    
Capital expenditures (3,978) (2,479)
Purchases of subscriber accounts (113,199) (78,885)
Proceeds from sale of operating assets 2  
Decrease in restricted cash   51,420
Net cash used in investing activities (117,175) (29,944)
Cash flows from financing activities:    
Proceeds from long-term debt 62,100 967,200
Repayments of long-term debt (44,764) (977,375)
Payments of deferred financing costs and refinancing costs (1,771) (44,114)
Dividend to Ascent (1,000) (1,000)
Net cash provided by (used in) financing activities 14,565 (55,289)
Net decrease in cash and cash equivalents (1,896) (323)
Cash and cash equivalents at beginning of period 3,433 2,110
Cash and cash equivalents at end of period 1,537 1,787
Supplemental cash flow information:    
State taxes paid 2,350 2,108
Interest paid $ 38,648 $ 15,332