Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

v3.3.0.814
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ 2,684 $ (29,683)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 25,857 26,023
Non-cash interest expense (income), net 440 (19)
Change in fair value of derivative financial instrument (13,866) (555)
Stock-based compensation 6,248 6,485
Issuance of shares for working capital settlement 0 345
Gain on sale of available for sale securities 0 (112)
Loss on equity method investments 0 1,300
Deferred income taxes (4,921) (8,124)
Other 555 0
Changes in operating assets and liabilities:    
Accounts receivable (6,077) (18,704)
Inventory and content library (4,671) (6,264)
Prepaid expenses and other assets (335) (3,356)
Deposits and other assets 1,820 (2,446)
Accounts payable and accrued expenses 671 20,327
Deferred revenue 212 1,784
Other liabilities 3,393 945
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 12,010 (12,054)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of investments (2,324) 0
Net proceeds from sale of available for sale securities 580 583
Purchases of property and equipment (14,710) (6,231)
Acquisitions of companies, net of cash acquired (55,242) (500)
Payment of deferred acquisition contingency (5,000) 0
NET CASH USED IN INVESTING ACTIVITIES (76,696) (6,148)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Acquisition of non-controlling interest 0 (21,740)
Proceeds from issuance of convertible senior notes 81,250 16
Repayments of notes payable (636) (7,360)
Purchase of common stock warrants 0 (1,406)
Proceeds from the exercise of common stock options and warrants 5,472 0
Convertible senior note issuance fees (831) 0
Other financing activities, net (476) (363)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 84,779 (30,853)
Effects of exchange rate movements on cash and cash equivalents 313 (104)
Net increase (decrease) in cash and cash equivalents 20,406 (49,159)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 197,648 258,796
CASH AND CASH EQUIVALENTS AT END OF PERIOD 218,054 209,637
Significant non-cash items:    
Issuance of common stock in exchange for warrants $ 12,608 $ 0