Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.19.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (85,972) $ (267,999)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization of subscriber accounts, deferred contract acquisition costs and other intangible assets 98,283 108,302
Depreciation 6,275 5,480
Stock-based and long-term incentive compensation 466 406
Deferred income tax expense 0 1,324
Amortization of debt discount and deferred debt costs 0 3,613
Restructuring and reorganization expense 33,102 0
Unrealized loss on derivative financial instruments, net 4,577 0
Refinancing expense 5,214 0
Bad debt expense 5,903 5,623
Loss on goodwill impairment 0 214,400
Other non-cash activity, net (545) 1,463
Changes in assets and liabilities:    
Trade receivables (5,327) (5,434)
Prepaid expenses and other assets 869 (2,276)
Subscriber accounts - deferred contract acquisition costs (1,781) (2,586)
Payables and other liabilities 39,308 5,181
Net cash provided by operating activities 100,372 67,497
Cash flows from investing activities:    
Capital expenditures (6,767) (8,928)
Cost of subscriber accounts acquired (61,335) (69,695)
Net cash used in investing activities (68,102) (78,623)
Cash flows from financing activities:    
Proceeds from long-term debt 43,100 105,300
Payments on long-term debt (18,400) (95,200)
Payments of restructuring and reorganization costs (35,352) 0
Payments of refinancing costs (7,404) 0
Value of shares withheld for share-based compensation (3) (69)
Dividend to Ascent Capital (5,000) 0
Net cash provided by (used in) financing activities (23,059) 10,031
Net increase (decrease) in cash, cash equivalents and restricted cash 9,211 (1,095)
Cash, cash equivalents and restricted cash at beginning of period 2,377 3,302
Cash, cash equivalents and restricted cash at end of period 11,588 2,207
Supplemental cash flow information:    
State taxes paid, net 2,637 2,710
Interest paid 36,848 71,713
Accrued capital expenditures $ 461 $ 616