Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net loss $ (72,448) $ (29,717) $ (16,687)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Amortization of subscriber accounts, dealer network and other intangible assets 258,668 253,403 208,760
Depreciation 10,066 9,019 7,327
Stock-based compensation 2,271 2,068 1,779
Deferred income tax expense 3,986 74 254
Gain on disposal of operating assets, net (5) (71) (2)
Amortization of debt discount and deferred debt costs 6,506 5,485 4,404
Unrealized gain on derivative financial instruments 0 0 0
Refinancing expense 4,468 0 0
Other non-cash activity, net 14,132 7,550 7,564
Changes in assets and liabilities:      
Trade receivables (9,378) (8,926) (8,165)
Prepaid expenses and other assets (4,115) (1,306) 8,361
Subscriber accounts - deferred contract costs (1,773) 0 0
Payables and other liabilities (3,534) (3,713) 1,054
Net cash provided by operating activities 208,844 233,866 214,649
Cash flows from investing activities:      
Capital expenditures (12,422) (7,769) (9,925)
Cost of subscriber accounts acquired (266,558) (268,160) (234,914)
Cash paid for acquisition, net of cash acquired (56,778) 0 (478,738)
Increase in restricted cash (37) 22 2,600
Proceeds from disposal of operating assets 5 241 2
Other investing activities 0 (436) (100)
Net cash used in investing activities (335,790) (276,102) (721,075)
Cash flows from financing activities:      
Proceeds from long-term debt 778,000 169,000 630,575
Payments on long-term debt (666,640) (127,166) (133,048)
Payments of financing costs (6,477) 0 (8,179)
Contribution from Ascent Capital 22,690 0 20,000
Dividend to Ascent Capital 0 (2,000) (2,000)
Net cash provided by financing activities 127,573 39,834 507,348
Net increase in cash and cash equivalents 627 (2,402) 922
Cash and cash equivalents at beginning of period 1,953 4,355 3,433
Cash and cash equivalents at end of period 2,580 1,953 4,355
Supplemental cash flow information:      
State taxes paid 3,245 2,734 2,365
Interest paid $ 117,840 $ 111,409 $ 88,250