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, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income (loss) $ 1,349 $ (3,772)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization of subscriber accounts and dealer network 44,315 38,081
Depreciation 1,488 1,302
Stock based compensation 361 299
Deferred income tax expense 109 113
Unrealized gain on derivative financial instruments   (6,793)
Refinancing expense   6,241
Long-term debt amortization 192 3,915
Other non-cash activity, net 2,406 1,700
Changes in assets and liabilities:    
Trade receivables (1,876) (413)
Prepaid expenses and other assets 1,233 (490)
Payables and other liabilities 10,123 1,399
Net cash provided by operating activities 59,700 41,582
Cash flows from investing activities:    
Capital expenditures (1,265) (807)
Purchases of subscriber accounts (46,043) (37,380)
Decrease in restricted cash   51,420
Net cash provided by (used in) investing activities (47,308) 13,233
Cash flows from financing activities:    
Proceeds from long-term debt 24,700 967,200
Repayments of long-term debt (17,738) (976,000)
Payments of deferred financing costs and refinancing costs (1,746) (42,940)
Net cash provided by (used in) financing activities 5,216 (51,740)
Net increase in cash and cash equivalents 17,608 3,075
Cash and cash equivalents at beginning of period 3,433 2,110
Cash and cash equivalents at end of period 21,041 5,185
Supplemental cash flow information:    
State taxes paid 0  
Interest paid $ 10,437 $ 6,893