Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 39,154 $ 48,260
Restricted cash 801 3,608
Accounts receivable, net 97,623 113,545
Inventories 34,649 28,352
Prepaid expenses 9,104 13,486
Other current assets 10,498 20,923
TOTAL CURRENT ASSETS: 191,829 228,174
Content library 6,966 8,686
Property, plant and equipment, net 176,577 195,029
Goodwill 159,562 159,696
Intangible assets, net 84,136 122,582
Equity method investments 83,135 137,299
Other non-current assets 14,882 9,118
TOTAL ASSETS 717,087 860,584
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 177,056 205,036
Deferred revenue 7,430 6,508
Current portion of long-term debt 22,673 20,106
Other current liabilities 5,032 7,785
TOTAL CURRENT LIABILITIES: 212,191 239,435
Deferred revenue, non-current 1,116 1,079
Long-term debt 686,938 598,958
Deferred tax liabilities 8,406 16,247
Other non-current liabilities 34,771 30,340
TOTAL LIABILITIES 943,422 886,059
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, 0 shares issued and outstanding at December 31, 2018 and 2017, respectively 0 0
Common stock, $0.0001 par value; 375,000,000 shares authorized, 94,835,320 and 93,834,805 shares issued, 91,781,686 and 90,781,171 shares outstanding, at December 31, 2018 and 2017, respectively 10 10
Treasury stock, 3,053,634 shares at December 31, 2018 and 2017 (30,659) (30,659)
Additional paid-in capital 814,488 779,565
Subscriptions receivable (597) (578)
Accumulated deficit (1,009,458) (773,791)
Accumulated other comprehensive loss (119) (22)
TOTAL STOCKHOLDERS’ DEFICIT (226,335) (25,475)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 717,087 $ 860,584