Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (14,153) $ (40,050)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 17,688 11,678
Non-cash interest (income) expense, net (13) 16
Change in fair value of derivative financial instrument (5,808) 9,340
Stock-based compensation 4,589 1,376
Gain on sale of available for sale securities (112) 0
Loss on equity method investments 1,108 0
Warrants for common stock issued for services 0 359
Deferred income taxes (2,270) (1,532)
Others 0 (60)
Changes in operating assets and liabilities:    
Accounts receivable (8,484) (2,493)
Inventory (8,467) (5,795)
Prepaid expenses and other current assets (6,662) (345)
Deposits and other assets 274 (3,320)
Accounts payable and accrued expenses 8,825 (21,765)
Deferred revenue (151) (163)
Other long-term liabilities 723 2,142
NET CASH USED IN OPERATING ACTIVITIES (12,913) (50,612)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (4,038) (7,247)
Cash received from Row 44 Merger 0 159,227
Cash received from AIA Stock Purchase 0 22,136
Purchase of investments 0 (1,500)
Net proceeds from sale of available for sale securities 583 5,937
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (3,455) 178,553
CASH FLOWS FROM FINANCING ACTIVITIES:    
Acquisition of non-controlling interest (18,201) (15,378)
Long-term borrowings, net of costs 16 (80)
Repayments of notes payable (7,190) (3,600)
Purchase of common stock warrants 1,406 795
Proceeds from the exercise of common stock options 0 (291)
Other financing activities, net (268) (327)
NET CASH USED IN FINANCING ACTIVITIES (27,049) (19,889)
Effects of exchange rate movements on cash and cash equivalents (95) 0
Net (decrease) increase in cash and cash equivalents (43,512) 108,052
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 258,796 2,088
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 215,284 $ 110,140