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
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (26,207) $ (21,013)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization of subscriber accounts, deferred contract acquisition costs and other intangible assets 54,411 59,547
Depreciation 2,615 2,120
Stock-based and long-term incentive compensation (12) 518
Deferred income tax expense 662 1,052
Amortization of debt discount and deferred debt costs 1,789 1,656
Bad debt expense 3,017 2,557
Other non-cash activity, net (852) 1,875
Changes in assets and liabilities:    
Trade receivables (2,672) (1,659)
Prepaid expenses and other assets 650 1,079
Contract asset, net (70) 0
Subscriber accounts - deferred contract acquisition costs (898) (754)
Payables and other liabilities 17,921 5,222
Net cash provided by operating activities 50,354 52,200
Cash flows from investing activities:    
Capital expenditures (3,310) (1,694)
Cost of subscriber accounts acquired (24,560) (46,708)
Increase in restricted cash (93) 0
Net cash used in investing activities (27,963) (48,402)
Cash flows from financing activities:    
Proceeds from long-term debt 50,000 64,750
Payments on long-term debt (47,750) (42,600)
Value of shares withheld for share-based compensation (42) (136)
Net cash provided by financing activities 2,208 22,014
Net increase (decrease) in cash and cash equivalents 24,599 25,812
Cash and cash equivalents at beginning of period 3,302 3,177
Cash and cash equivalents at end of period 27,901 28,989
Supplemental cash flow information:    
State taxes paid, net 0 3
Interest paid 21,735 21,462
Accrued capital expenditures $ 830 $ 780