Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.20.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 23,964 $ 39,154
Restricted cash 498 801
Accounts receivable, net 88,219 97,623
Inventories 26,695 34,649
Prepaid expenses 6,753 9,104
Other current assets 12,839 10,498
TOTAL CURRENT ASSETS: 158,968 191,829
Content library 3,645 6,966
Property and equipment, net 145,295 176,577
Right-of-use assets, net 39,187  
Goodwill 159,607 159,562
Intangible assets, net 55,483 84,136
Equity method investments 78,886 83,135
Other non-current assets 27,509 14,882
TOTAL ASSETS 668,580 717,087
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 178,930 177,056
Deferred revenue 12,317 7,430
Current portion of long-term debt and finance leases 15,678 22,673
Current portion of operating lease liabilities 8,319  
Other current liabilities 7,081 5,032
TOTAL CURRENT LIABILITIES: 222,325 212,191
Deferred revenue, non-current 86 1,116
Long-term debt and finance leases 757,384 686,938
Long-term operating lease liabilities 23,636  
Deferred tax liabilities 5,894 8,406
Other non-current liabilities 34,409 34,771
TOTAL LIABILITIES 1,043,734 943,422
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, no shares issued and outstanding at December 31, 2019 and 2018, respectively 0 0
Common stock, $0.0001 par value; 375,000,000 shares authorized, 3,837,920 and 3,793,413 shares issued, 3,715,775 and 3,671,267 shares outstanding, at December 31, 2019 and 2018, respectively 10 10
Treasury stock, 122,145 shares at December 31, 2019 and 2018 (30,659) (30,659)
Additional paid-in capital 818,961 814,488
Subscriptions receivable (597) (597)
Accumulated deficit (1,162,901) (1,009,458)
Accumulated other comprehensive income (loss) 32 (119)
TOTAL STOCKHOLDERS’ DEFICIT (375,154) (226,335)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 668,580 $ 717,087