Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (114,741,000) $ (42,803,000) $ (18,701,000)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 30,850,000 1,229,000 928,000
Non-cash interest on convertible promissory notes 0 9,629,000 250,000
Change in fair value of derivative financial instruments 63,961,000 3,576,000 0
Stock-based compensation 4,536,000 1,641,000 93,000
Warrants for common stock issued for services 452,000 2,555,000 0
Common stock issued for services 0 550,000 0
Deferred income taxes (4,904,000) 0 0
Other (203,000) (109,000) 192,000
Changes in operating assets and liabilities:      
Accounts receivable (2,043,000) (3,876,000) 795,000
Inventory (3,054,000) (1,215,000) 793,000
Content library (9,377,000) 0 0
Prepaid expenses and other current assets (7,648,000) (1,793,000) (954,000)
Deposits and other assets 0 (356,000) 0
Accounts payable and accrued expenses (22,508,000) (7,422,000) 4,915,000
Deferred revenue 5,384,000 (886,000) 7,694,000
Income Taxes Payable 5,150,000 0 0
NET CASH USED IN OPERATING ACTIVITIES (54,145,000) (39,280,000) (3,995,000)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (11,477,000) (2,432,000) (594,000)
Cash received from Row 44 Merger 159,305,000 0 0
Cash received from AIA Stock Purchase 22,135,000 0 0
Proceeds from sale of investment 6,286,000 0 0
Purchase of investment in Allegiant Systems (1,500,000) 0 7,000
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 129,840,000 (2,432,000) (587,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Acquisition of AIA non-controlling interest (15,369,000) 0 0
Proceeds from issuance of PAR note 19,000,000 10,000,000 10,000,000
Payment of PAR note (19,000,000) 0 0
Proceeds from issuance of common stock, net of offerings costs of $7.1 million 204,008,000 0 0
Payments on notes payable (5,637,000) (13,000) (13,000)
Repurchase of common stock warrants (800,000) 7,000 6,000
Payments of withholding taxes on cashless exercise of stock based awards in Business Combination (1,191,000) 15,000 0
Proceeds from the issuance of preferred stock and warrants 0 24,981,000 0
Other 0 0 (90,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES 181,011,000 34,990,000 9,903,000
Effects of exchange rate movements on cash and cash equivalents 0 0 0
Net increase (decrease) in cash and cash equivalents 256,708,000 (6,722,000) 5,321,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,088,000 8,810,000 3,489,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 258,796,000 2,088,000 8,810,000
Supplemental disclosures of cash flow information      
Cash paid for Taxes 6,232,000 5,000 7,000
Cash paid for Interest 2,071,000 6,000 3,000
Significant non-cash items:      
Issuance of sponsor warrants in exchange for notes payable 9,900,000 0 0
Issuance of common stock to repurchase Global Eagle public company 13,235,000 0 0
Notes payable and accrued interest converted into preferred stock and warrants 0 20,790,000 0
Inventory converted to property and equipment 5,575,000 0 0
Satisfaction of advances and subscriptions receivable via surrender of commons stock 0 539,000 160,000
Property and equipment purchased with warrants for common stock 0 614,000 0
PMG
      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Business acquisition, net of cash acquired (10,563,000) 0 0
IFES Acquisition Corp Limited
      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Business acquisition, net of cash acquired $ (34,346,000) $ 0 $ 0