Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (21,013) $ (20,210)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization of subscriber accounts, dealer network and other intangible assets 59,547 61,322
Depreciation 2,120 1,975
Stock-based compensation 518 522
Deferred income tax expense 1,052 1,052
Amortization of debt discount and deferred debt costs 1,656 1,742
Bad debt expense 2,557 2,544
Other non-cash activity, net 1,875 818
Changes in assets and liabilities:    
Trade receivables (1,659) (2,256)
Prepaid expenses and other assets 1,079 (1,142)
Subscriber accounts - deferred contract costs (754) (660)
Payables and other liabilities 5,222 9,090
Net cash provided by operating activities 52,200 54,797
Cash flows from investing activities:    
Capital expenditures (1,694) (2,276)
Cost of subscriber accounts acquired (46,708) (46,670)
Decrease in restricted cash 0 55
Net cash used in investing activities (48,402) (48,891)
Cash flows from financing activities:    
Proceeds from long-term debt 64,750 59,250
Payments on long-term debt (42,600) (38,675)
Value of shares withheld for share-based compensation (136) (58)
Net cash provided by financing activities 22,014 20,517
Net increase (decrease) in cash and cash equivalents 25,812 26,423
Cash and cash equivalents at beginning of period 3,177 2,580
Cash and cash equivalents at end of period 28,989 29,003
Supplemental cash flow information:    
State taxes paid, net 3 19
Interest paid 21,462 19,139
Accrued capital expenditures $ 780 $ 973