Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.4.0.3
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (20,210) $ (8,334)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization of subscriber accounts, dealer network and other intangible assets 61,322 63,141
Depreciation 1,975 2,297
Stock-based compensation 522 374
Deferred income tax expense 1,052 1,021
Amortization of debt discount and deferred debt costs 1,742 1,460
Bad debt expense 2,544 2,375
Gain on disposal of operating assets 0 (3)
Other non-cash activity, net 760 352
Changes in assets and liabilities:    
Trade receivables (2,256) (2,265)
Prepaid expenses and other assets (1,142) (778)
Subscriber accounts - deferred contract costs (660) 0
Payables and other liabilities 9,090 4,416
Net cash provided by operating activities 54,739 64,056
Cash flows from investing activities:    
Capital expenditures (2,276) (2,728)
Cost of subscriber accounts acquired (46,670) (61,053)
Cash paid for acquisition, net of cash acquired 0 (56,343)
Increase in restricted cash 55 (105)
Proceeds from the disposal of operating assets 0 3
Net cash used in investing activities (48,891) (120,226)
Cash flows from financing activities:    
Proceeds from long-term debt 59,250 91,400
Payments on long-term debt (38,675) (33,892)
Payments of financing costs 0 (551)
Contribution from Ascent Capital 0 22,690
Net cash provided by financing activities 20,575 79,647
Net increase in cash and cash equivalents 26,423 23,477
Cash and cash equivalents at beginning of period 2,580 1,953
Cash and cash equivalents at end of period 29,003 25,430
Supplemental cash flow information:    
State taxes paid 19 0
Interest paid $ 19,139 $ 17,554