Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 61,917 $ 14,763
Restricted cash 179 238
Trade receivables, net of allowance for doubtful accounts of $2,992 in 2020 and $3,828 in 2019 10,808 12,083
Prepaid and other current assets 24,723 25,195
Total current assets 97,627 52,279
Property and equipment, net of accumulated depreciation of $6,886 in 2020 and $3,777 in 2019 42,607 42,096
Subscriber accounts and deferred contract acquisition costs, net of accumulated amortization of $109,106 in 2020 and $61,771 in 2019 1,047,635 1,064,311
Dealer network and other intangible assets, net of accumulated amortization of $13,864 in 2020 and $7,922 in 2019 130,836 136,778
Goodwill 0 81,943
Deferred income tax asset, net 684 684
Operating lease right-of-use asset 19,113 19,277
Other assets 19,478 21,944
Total assets 1,357,980 1,419,312
Current liabilities:    
Accounts payable 23,710 16,869
Other accrued liabilities 27,474 24,954
Deferred revenue 11,815 12,008
Holdback liability 10,861 8,191
Current portion of long-term debt 8,225 8,225
Total current liabilities 82,085 70,247
Non-current liabilities:    
Long-term debt 1,023,663 978,219
Long-term holdback liability 2,123 2,183
Operating lease liabilities 16,130 16,195
Other liabilities 5,346 6,390
Total liabilities 1,129,347 1,073,234
Commitments and contingencies
Stockholders' equity:    
Preferred stock 0 0
Common stock 225 225
Additional paid-in capital 379,175 379,175
Accumulated deficit (148,963) (33,331)
Accumulated other comprehensive income, net (1,804) 9
Total stockholders' equity 228,633 346,078
Total liabilities and stockholders' equity $ 1,357,980 $ 1,419,312