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
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (222,708) $ (21,218)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of property, equipment and intangibles 65,739 36,937
Amortization of content library 11,420 6,478
Non-cash interest expense, net 4,274 1,239
Change in fair value of derivatives (2,672) (17,982)
Stock-based compensation 4,000 8,061
Issuance of shares for legal settlements 0 13,705
Impairment of goodwill 78,000 0
Impairment of related party loan 0 4,516
Loss on disposal of fixed assets 473 975
Loss on extinguishment of debt 14,389 0
Earnings from equity method investments (3,911) (2,065)
Distributions from equity method investments 4,900 0
Provision for bad debts 3,399 (180)
Deferred income taxes (1,598) (58,352)
Other (2,198) 0
Changes in operating assets and liabilities:    
Restricted cash 554 0
Restricted cash (934) (2,121)
Accounts receivable 3,169 (634)
Inventories (7,787) (2,792)
Prepaid expenses and other current assets 6,020 14,054
Content library (11,537) (8,781)
Other non-current assets (247) (5,070)
Accounts payable and accrued liabilities 2,247 686
Deferred revenue (829) (5,734)
Other current liabilities (472) (1,937)
NET CASH USED IN OPERATING ACTIVITIES (54,995) (35,973)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (62,667) (29,484)
Settlement received related to EMC Acquisition 1,250 0
Acquisitions, net of cash acquired 0 (91,626)
Issuance of loan to related party 0 (4,400)
Purchase of investments 0 (12,975)
Net proceeds from sale of available for sale securities 0 13,023
NET CASH USED IN INVESTING ACTIVITIES (60,863) (125,462)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of debt, net of $15,000 discount 485,000 0
Issuance costs (19,296) 0
Repayment of EMC indebtedness 412,400 0
Proceeds from borrowings on line of credit 78,115 0
Repayments of long-term debt (7,054) 0
Payments of contingent consideration (1,429) 0
Proceeds from issuance of debt, net of $15,000 discount 0 1,339
Repayments of notes payable 0 (2,272)
Purchases of common stock 0 (5,219)
Proceeds from exercise and release of common stock options and warrants 0 12
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 122,936 (6,140)
Effects of exchange rate changes on cash and cash equivalents 273 178
Net increase (decrease) in cash and cash equivalents 7,351 (167,397)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 50,686 223,552
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 58,037 $ 56,155