Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 10,853 $ 39,154
Restricted cash 1,172 801
Accounts receivable, net 91,801 97,623
Inventories, net 35,378 34,649
Prepaid expenses 5,042 9,104
Other current assets 10,473 10,498
TOTAL CURRENT ASSETS: 154,719 191,829
Content library 5,065 6,966
Property and equipment, net 170,046 176,577
Right-of-use assets, net 34,551  
Goodwill 159,613 159,562
Intangible assets, net 68,534 84,136
Equity method investments 83,369 83,135
Other non-current assets 27,032 14,882
TOTAL ASSETS 702,929 717,087
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 184,837 177,056
Deferred revenue 10,672 7,430
Current portion of long-term debt and finance leases 17,005 22,673
Current portion of operating lease liabilities 4,806  
Other current liabilities 7,560 5,032
TOTAL CURRENT LIABILITIES: 224,880 212,191
Deferred revenue, non-current 252 1,116
Long-term debt and finance leases 713,281 686,938
Long-term operating lease liabilities 22,277  
Deferred tax liabilities 7,702 8,406
Other non-current liabilities 35,067 34,771
TOTAL LIABILITIES 1,003,459 943,422
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, no shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 0 0
Common stock, $0.0001 par value; 375,000,000 shares authorized, 95,679,549 and 94,835,320 shares issued, 92,625,915 and 91,781,686 shares outstanding, at June 30, 2019 and December 31, 2018, respectively 10 10
Treasury stock, 3,053,634 shares at June 30, 2019 and December 31, 2018 (30,659) (30,659)
Additional paid-in capital 816,119 814,488
Subscriptions receivable (597) (597)
Accumulated deficit (1,085,527) (1,009,458)
Accumulated other comprehensive income (loss) 124 (119)
TOTAL STOCKHOLDERS’ DEFICIT (300,530) (226,335)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 702,929 $ 717,087