Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net loss $ (76,307) $ (72,448) $ (29,717)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Amortization of subscriber accounts, dealer network and other intangible assets 246,753 258,668 253,403
Depreciation 8,160 10,066 9,019
Stock-based compensation 2,598 2,271 2,068
Deferred income tax expense 4,140 3,986 74
Gain on disposal of operating assets, net 0 (5) (71)
Amortization of debt discount and deferred debt costs 6,936 6,506 5,485
Bad debt expense 10,785 9,735 8,149
Refinancing expense 9,500 4,468 0
Other non-cash activity, net (4,595) 4,715 (183)
Changes in assets and liabilities:      
Trade receivables (11,032) (9,378) (8,926)
Prepaid expenses and other assets 446 (4,115) (1,306)
Subscriber accounts - deferred contract costs (2,947) (1,773) 0
Payables and other liabilities (3,910) (3,534) (3,713)
Net cash provided by operating activities 190,527 209,162 234,282
Cash flows from investing activities:      
Capital expenditures (9,178) (12,422) (7,769)
Cost of subscriber accounts acquired (201,381) (266,558) (268,160)
Cash paid for acquisition, net of cash acquired 0 (56,778) 0
Increase in restricted cash 55 (37) 22
Proceeds from disposal of operating assets 0 5 241
Other investing activities 0 0 (436)
Net cash used in investing activities (210,504) (335,790) (276,102)
Cash flows from financing activities:      
Proceeds from long-term debt 1,280,700 778,000 169,000
Payments on long-term debt (1,238,059) (666,640) (127,166)
Payments of financing costs (16,946) (6,477) 0
Value of shares withheld for share-based compensation (121) (318) (416)
Contribution from Ascent Capital 0 22,690 0
Dividend to Ascent Capital (5,000) 0 (2,000)
Net cash provided by financing activities 20,574 127,255 39,418
Net increase (decrease) in cash and cash equivalents 597 627 (2,402)
Cash and cash equivalents at beginning of period 2,580 1,953 4,355
Cash and cash equivalents at end of period 3,177 2,580 1,953
Supplemental cash flow information:      
State taxes paid 2,645 3,245 2,734
Interest paid 123,763 117,840 111,409
Cash remaining to be paid for property and equipment $ 558 $ 1,214 $ 548