Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (2,126) $ (57,194) $ (114,741)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 36,592 34,422 30,850
Non-cash interest expense, net 903 23 (25)
Stock-based compensation 8,235 8,067 4,536
Issuance of shares for working capital settlement 0 345 0
Loss on equity method investments 0 1,500 0
Change in fair value of derivative financial instruments (11,938) 6,955 63,961
Provision for bad debt 797 5,539 760
Warrants for common stock issued for services 0 0 452
Deferred income taxes (6,452) (5,068) (4,904)
Other 96 0 (176)
Changes in operating assets and liabilities:      
Accounts receivable (5,879) (26,386) (2,803)
Inventory (1,580) (3,557) (3,054)
Content library (477) (1,743) (9,377)
Prepaid expenses and other current assets (3,320) (5,394) (7,648)
Deposits and other assets 2,883 (4,018) 0
Accounts payable and accrued expenses 3,908 19,641 (22,508)
Deferred revenue (3,134) 3,151 5,384
Income taxes payable 3,067 322 5,150
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 21,575 (23,395) (54,143)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions of companies, net of cash acquired (60,242) (500) (44,909)
Purchases of property and equipment (20,653) (9,074) (11,477)
Cash received from Row 44 Merger 0 0 159,305
Cash received from AIA Stock Purchase 0 0 22,135
Purchase of investments (3,264) 0 (1,500)
Proceeds from sale of investment 3,269 583 6,286
Other 0 (732) 0
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (80,890) (9,723) 129,840
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock, net of offerings costs of $7.1 million 0 0 204,008
Acquisition of non-controlling interest 0 (21,741) (15,369)
Proceeds from borrowings 81,250 2,047 0
Repayment of notes payable (851) (9,669) (5,637)
Proceeds from issuance of PAR note 0 0 19,000
Repayment of PAR note 0 0 (19,000)
Repurchase of common stock warrants 0 (1,406) (800)
Proceeds from exercise of stock options and warrants 5,604 3,100 0
Payments of withholding taxes on cashless exercise of stock based awards in Business Combination 0 0 (1,191)
Convertible senior note issuance fees (831) 0 0
Other financing activities, net (339) (362) 0
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 84,833 (28,031) 181,011
Effects of exchange rate movements on cash and cash equivalents 386 1 0
Net increase (decrease) in cash and cash equivalents 25,904 (61,148) 256,708
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 197,648 258,796 2,088
CASH AND CASH EQUIVALENTS AT END OF PERIOD 223,552 197,648 258,796
Supplemental disclosures of cash flow information      
Cash paid for Taxes 5,435 4,203 6,232
Cash paid for Interest 1,161 447 2,071
Significant non-cash items:      
Issuance of sponsor warrants in exchange for notes payable 0 0 9,900
Issuance of common stock to repurchase Global Eagle public company warrants 16,600 24,448 13,235
Inventory converted to property and equipment $ 0 $ 0 $ 5,575