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
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (40,572) $ 9,556
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 21,595 16,345
Non-cash interest expense, net 424 281
Change in fair value of derivative financial instrument (16,792) (15,743)
Stock-based compensation 4,262 4,102
Impairment of related party loan 4,516 0
Deferred income taxes (1,839) (7,326)
Other 454 265
Changes in operating assets and liabilities:    
Accounts receivable 5,338 (2,533)
Inventory and content library (5,105) (4,128)
Prepaid expenses and other assets (2,981) (1,042)
Deposits and other assets (4,214) 474
Accounts payable and accrued expenses 37,919 1,372
Deferred revenue (3,936) (262)
Other liabilities 1,597 3,183
NET CASH PROVIDED BY OPERATING ACTIVITIES 666 4,544
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (17,579) (4,979)
Issuance of loan to related party (4,400) 0
Purchase of investments (7,669) 0
Net proceeds from sale of available for sale securities 7,738 0
NET CASH USED IN INVESTING ACTIVITIES (21,910) (4,979)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of convertible senior notes 0 81,250
Repayments of notes payable (425) (433)
Proceeds from the exercise of common stock options and warrants 134 5,504
Purchase of common stock (5,219) 0
Convertible senior note issuance fees 0 (831)
Other financing activities, net 0 (476)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (5,510) 85,014
Effects of exchange rate movements on cash and cash equivalents (89) 225
Net (decrease) increase in cash and cash equivalents (26,843) 84,804
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 223,552 197,648
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 196,709 $ 282,452