Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net loss $ (17,623) $ (16,776) $ (6,759)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Amortization of subscriber accounts, dealer network and other intangible assets 208,760 163,468 159,619
Depreciation 7,327 5,286 4,704
Stock based compensation 1,779 1,384 393
Deferred income tax expense 1,190 421 389
Unrealized gain on derivative financial instruments   (6,793) (28,044)
Refinancing expense   6,245  
Long-term debt discount amortization 883 4,473 16,985
Other non-cash activity, net 11,083 8,677 6,473
Changes in assets and liabilities:      
Trade receivables (8,165) (5,778) (5,365)
Prepaid expenses and other assets 8,361 (4,289) (8,651)
Payables and other liabilities 1,054 10,966 9,961
Net cash provided by operating activities 214,649 167,284 149,705
Cash flows from investing activities:      
Capital expenditures (9,925) (5,868) (4,003)
Cost of subscriber accounts acquired (234,914) (304,665) (162,714)
Cash paid for acquisitions, net of cash acquired (478,738)    
Decrease (increase) in restricted cash 2,600 48,780 (44)
Other, net (98)    
Net cash used in investing activities (721,075) (261,753) (166,761)
Cash flows from financing activities:      
Proceeds from long-term debt 630,575 1,277,900 78,800
Payments of long-term debt (133,048) (1,133,387) (59,800)
Payments of deferred financing costs and refinancing costs (8,179) (46,721)  
Contributions from Ascent Capital 20,000    
Dividend to Ascent Capital (2,000) (2,000)  
Net cash provided by financing activities 507,348 95,792 19,000
Net increase in cash and cash equivalents 922 1,323 1,944
Cash and cash equivalents at beginning of period 3,433 2,110 166
Cash and cash equivalents at end of period 4,355 3,433 2,110
Supplemental cash flow information:      
State taxes paid 2,365 2,125 2,802
Interest paid $ 88,250 $ 52,327 $ 25,204