Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (114,005) $ (31,770)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization of subscriber accounts, deferred contract acquisition costs and other intangible assets 53,281 49,145
Depreciation 3,109 3,154
Stock-based and long-term incentive compensation 263 535
Unrealized loss on derivative financial instruments, net 0 7,773
Refinancing expense 0 5,214
Trade bad debt expense 2,788 3,335
Goodwill impairment 81,943 0
Other non-cash activity, net 1,468 (267)
Changes in assets and liabilities:    
Trade receivables (1,513) (2,652)
Prepaid expenses and other assets (3,688) 48
Subscriber accounts - deferred contract acquisition costs (702) (863)
Payables and other liabilities 3,867 14,890
Net cash provided by operating activities 26,811 48,542
Cash flows from investing activities:    
Capital expenditures (4,223) (2,999)
Cost of subscriber accounts acquired (20,937) (28,850)
Net cash used in investing activities (25,160) (31,849)
Cash flows from financing activities:    
Proceeds from long-term debt 65,000 43,100
Payments on long-term debt (19,556) (18,400)
Payments of refinancing costs 0 (14,720)
Value of shares withheld for share-based compensation 0 (1)
Dividend to Ascent Capital 0 (5,000)
Net cash provided by financing activities 45,444 4,979
Net increase in cash, cash equivalents and restricted cash 47,095 21,672
Cash, cash equivalents and restricted cash at beginning of period 15,001 2,377
Cash, cash equivalents and restricted cash at end of period 62,096 24,049
Supplemental cash flow information:    
State taxes paid, net 0 0
Interest paid 20,054 24,672
Accrued capital expenditures 1,201 1,322
Accrued subscriber accounts acquired $ 6,487 $ 0