Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.3.0.814
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (45,735) $ (24,708)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization of subscriber accounts, dealer network and other intangible assets 193,625 189,382
Depreciation 7,498 6,827
Stock-based compensation 1,430 1,407
Deferred income tax expense 3,076 2,652
Long-term debt amortization 1,017 803
Gain on disposal of operating assets (4) (69)
Refinancing expense 4,468 0
Other non-cash activity, net 14,435 8,726
Changes in assets and liabilities:    
Trade receivables (7,203) (6,657)
Prepaid expenses and other assets (4,735) (317)
Subscriber accounts - deferred contract costs (1,181) 0
Payables and other liabilities 6,546 7,672
Net cash provided by operating activities 173,237 185,718
Cash flows from investing activities:    
Capital expenditures (10,034) (5,035)
Cost of subscriber accounts acquired (205,050) (202,429)
Cash paid for acquisition, net of cash acquired (56,778) 0
Increase in restricted cash (42) (51)
Proceeds from the disposal of operating assets 4 241
Other investing activities 0 (436)
Net cash used in investing activities (271,900) (207,710)
Cash flows from financing activities:    
Proceeds from long-term debt 749,550 139,500
Payments on long-term debt (640,465) (88,774)
Payments of financing costs (6,477) 0
Contribution from Ascent Capital 22,690 0
Dividend to Ascent Capital 0 (1,000)
Net cash provided by financing activities 125,298 49,726
Net increase in cash and cash equivalents 26,635 27,734
Cash and cash equivalents at beginning of period 1,953 4,355
Cash and cash equivalents at end of period 28,588 32,089
Supplemental cash flow information:    
State taxes paid 3,491 2,660
Interest paid $ 76,848 $ 72,188