Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (36,719) $ (24,321)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization of subscriber accounts, dealer network and other intangible assets 123,259 126,667
Depreciation 4,000 4,781
Stock-based compensation 1,189 829
Deferred income tax expense 2,105 2,050
Amortization of debt discount and deferred debt costs 3,513 3,106
Bad debt expense 5,133 4,645
Gain on disposal of operating assets 0 (3)
Refinancing expense 0 4,468
Other non-cash activity, net 1,457 2,346
Changes in assets and liabilities:    
Trade receivables (5,395) (4,440)
Prepaid expenses and other assets 1,762 (2,642)
Subscriber accounts - deferred contract costs (1,294) 0
Payables and other liabilities (8,109) (6,185)
Net cash provided by operating activities 90,901 111,301
Cash flows from investing activities:    
Capital expenditures (3,100) (8,165)
Cost of subscriber accounts acquired (106,805) (129,544)
Cash paid for acquisition, net of cash acquired 0 (56,343)
Decrease (increase) in restricted cash 55 (35)
Proceeds from the disposal of operating assets 0 3
Net cash used in investing activities (109,850) (194,084)
Cash flows from financing activities:    
Proceeds from long-term debt 88,200 674,050
Payments on long-term debt (69,700) (605,990)
Payments of financing costs 0 (6,232)
Contribution from Ascent Capital 0 22,690
Net cash provided by financing activities 18,500 84,518
Net increase in cash and cash equivalents (449) 1,735
Cash and cash equivalents at beginning of period 2,580 1,953
Cash and cash equivalents at end of period 2,131 3,688
Supplemental cash flow information:    
State taxes paid 2,745 3,485
Interest paid $ 60,031 $ 57,952