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, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (169,741) $ (40,572)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization of property, plant, equipment and intangibles 42,766 21,595
Amortization of content library 7,764 2,909
Non-cash interest expense, net 2,596 424
Change in fair value of derivatives (2,475) (16,792)
Stock-based compensation 2,843 4,262
Impairment of goodwill 78,000 0
Impairment of related party loan 0 4,516
Loss on disposal of fixed assets 517 992
Loss on extinguishment of debt 14,389 0
Earnings from equity method investment (2,140) 0
Distributions from equity method investments 4,900 0
Provision for bad debts 2,372 (538)
Deferred income taxes (1,278) (1,839)
Other (1,466) 0
Changes in operating assets and liabilities:    
Restricted cash (770) (474)
Accounts receivable (4,988) 5,338
Inventories (4,404) (3,016)
Prepaid expenses and other current assets 4,870 (2,447)
Content library (8,967) (4,998)
Other non-current assets (142) (5,222)
Accounts payable and accrued liabilities (8,798) 37,919
Deferred revenue (237) (3,936)
Other current liabilities (764) 1,597
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES (43,613) 666
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (42,888) (17,579)
Settlement received related to acquisition 1,250 0
Release of restricted cash 554 0
Issuance of loan to related party 0 (4,400)
Purchase of investments 0 (7,669)
Net proceeds from sale of available for sale securities 0 7,738
NET CASH USED IN INVESTING ACTIVITIES (41,084) (21,910)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of debt, net of $15,000 discount 485,000 0
Issuance costs (17,893) 0
Repayment of EMC indebtedness (412,400) 0
Proceeds from borrowings on line of credit 50,000 0
Repayments of long-term debt (3,684) 0
Payments of contingent consideration (829) 0
Proceeds from the exercise of common stock options and warrants 0 134
Repayments of notes payable 0 (425)
Purchases of common stock 0 (5,219)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 100,194 (5,510)
Effects of exchange rate changes on cash and cash equivalents 371 (89)
Net increase (decrease) in cash and cash equivalents 15,868 (26,843)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 50,686 223,552
CASH AND CASH EQUIVALENTS AT END OF PERIOD 66,554 196,709
SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Purchase consideration for equipment included in accounts payable $ 23,500 0
Release of restricted cash held in escrow for EMC Acquisition   $ 0