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
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (71,117) $ (36,719)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization of subscriber accounts, dealer network and other intangible assets 119,512 123,259
Depreciation 4,245 4,000
Stock-based compensation 1,448 1,189
Deferred income tax expense 2,105 2,105
Legal settlement reserve 28,000 0
Amortization of debt discount and deferred debt costs 3,344 3,513
Bad debt expense 4,987 5,133
Other non-cash activity, net 3,539 1,540
Changes in assets and liabilities:    
Trade receivables (3,949) (5,395)
Prepaid expenses and other assets 1,042 1,762
Subscriber accounts - deferred contract costs (1,547) (1,294)
Payables and other liabilities (10,926) (8,109)
Net cash provided by operating activities 80,683 90,984
Cash flows from investing activities:    
Capital expenditures (5,752) (3,100)
Cost of subscriber accounts acquired (88,287) (106,805)
Decrease in restricted cash 0 55
Net cash used in investing activities (94,039) (109,850)
Cash flows from financing activities:    
Proceeds from long-term debt 95,550 88,200
Payments on long-term debt (82,350) (69,700)
Value of shares withheld for share-based compensation (194) (83)
Net cash provided by financing activities 13,006 18,417
Net decrease in cash and cash equivalents (350) (449)
Cash and cash equivalents at beginning of period 3,177 2,580
Cash and cash equivalents at end of period 2,827 2,131
Supplemental cash flow information:    
State taxes paid, net 3,105 2,745
Interest paid 69,045 60,031
Accrued capital expenditures $ 493 $ 585