Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 50,686,000 $ 223,552,000
Restricted cash 17,992,000 2,285,000
Accounts receivable, net 120,492,000 93,449,000
Inventories 25,986,000 14,998,000
Prepaid expenses 17,658,000 8,389,000
Other current assets 20,786,000 16,535,000
TOTAL CURRENT ASSETS: 253,600,000 359,208,000
Content library 21,470,000 16,083,000
Property, plant and equipment, net 166,049,000 39,066,000
Goodwill 327,836,000 93,796,000
Intangible assets, net 166,720,000 117,684,000
Equity method investments 156,527,000 0
Other non-current assets 7,233,000 12,024,000
TOTAL ASSETS 1,099,435,000 637,861,000
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 240,344,000 118,224,000
Deferred revenue 6,970,000 10,449,000
Warrant liabilities 433,000 24,076,000
Current portion of long-term debt 2,069,000 1,055,000
Other current liabilities 11,321,000 12,111,000
TOTAL CURRENT LIABILITIES: 261,137,000 165,915,000
Deferred revenue, non-current 1,536,000 6,345,000
Long-term debt 468,231,000 70,099,000
Deferred tax liabilities 33,205,000 22,324,000
Other non-current liabilities 36,329,000 19,417,000
TOTAL LIABILITIES 800,438,000 284,100,000
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, 0 shares issued and outstanding at December 31, 2016 and 2015, respectively 0 0
Common stock, $0.0001 par value; 375,000,000 shares authorized, 88,482,745 and 81,676,390 shares issued, 85,429,111 and 78,622,756 shares outstanding, at December 31, 2016 and 2015, respectively 9,000 8,000
Treasury stock, 3,053,634 shares at December 31, 2016 and 2015 (30,659,000) (30,659,000)
Additional paid-in capital 747,005,000 688,696,000
Subscriptions receivable (553,000) (528,000)
Accumulated deficit (416,389,000) (303,457,000)
Accumulated other comprehensive loss (416,000) (299,000)
TOTAL STOCKHOLDERS' EQUITY 298,997,000 353,761,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,099,435,000 $ 637,861,000