Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,412) $ (3,431)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 10,549 8,165
Non-cash interest expense, net 256 97
Change in fair value of derivative financial instrument (5,865) (954)
Stock-based compensation 2,069 2,550
Gain on sale of available for sale securities (40) 0
Deferred income taxes (1,317) (3,748)
Other 363 170
Changes in operating assets and liabilities:    
Accounts receivable 4,490 (6,733)
Inventory and content library (6,124) 1,205
Prepaid expenses and other assets (3,527) (1,841)
Accounts payable and accrued expenses 3,889 44
Deferred revenue (639) (393)
Other liabilities (91) 1,115
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 1,601 (3,754)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (3,336) (2,651)
Issuance of loan to related party (2,500) 0
Purchase of investments (3,702) 0
Net proceeds from sale of available for sale securities 3,742 0
NET CASH USED IN INVESTING ACTIVITIES (5,796) (2,651)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of convertible senior notes 0 81,250
Repayments of notes payable (212) (282)
Proceeds from the exercise of common stock options 170 4,963
Other financing activities, net 0 (105)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (42) 85,826
Effects of exchange rate movements on cash and cash equivalents (133) 221
Net (decrease) increase in cash and cash equivalents (4,370) 79,642
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 223,552 197,648
CASH AND CASH EQUIVALENTS AT END OF PERIOD 219,182 277,290
Significant non-cash operating and investing activities:    
Accrued payable for transponder equipment purchase $ 4,900 $ 0