Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (96,653) $ (59,721)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization of subscriber accounts, dealer network and other intangible assets 178,896 185,415
Depreciation 6,415 6,084
Stock-based compensation 2,759 1,870
Deferred income tax expense 3,158 3,158
Legal settlement reserve, net of cash payments 23,000 0
Amortization of debt discount and deferred debt costs 5,065 5,312
Bad debt expense 7,888 7,855
Refinancing expense 0 9,348
Other non-cash activity, net 4,659 2,327
Changes in assets and liabilities:    
Trade receivables (7,225) (7,906)
Prepaid expenses and other assets (1,453) 99
Subscriber accounts - deferred contract costs (2,299) (2,080)
Payables and other liabilities 3,017 7,307
Net cash provided by operating activities 127,227 159,068
Cash flows from investing activities:    
Capital expenditures (9,999) (5,071)
Cost of subscriber accounts acquired (119,081) (160,117)
Decrease in restricted cash 0 55
Net cash used in investing activities (129,080) (165,133)
Cash flows from financing activities:    
Proceeds from long-term debt 159,850 1,249,000
Payments on long-term debt (132,500) (1,200,009)
Value of shares withheld for share-based compensation (424) (109)
Payments of financing costs 0 (16,711)
Net cash provided by financing activities 26,926 32,171
Net increase (decrease) in cash and cash equivalents 25,073 26,106
Cash and cash equivalents at beginning of period 3,177 2,580
Cash and cash equivalents at end of period 28,250 28,686
Supplemental cash flow information:    
State taxes paid, net 3,107 2,747
Interest paid 90,637 76,411
Accrued capital expenditures $ 386 $ 638