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
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (29,683) $ (45,445)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 26,023 20,375
Non-cash interest (income) expense, net (19) 0
Change in fair value of derivative financial instrument (555) 7,107
Stock-based compensation 6,485 1,902
Issuance of shares for working capital settlement 345 0
Gain on sale of available for sale securities (112) 0
Loss on equity method investments 1,300 0
Warrants for common stock issued for services 0 359
Deferred income taxes (8,124) 1,576
Others 0 (19)
Changes in operating assets and liabilities:    
Accounts receivable (18,704) (1,477)
Inventory and content library (6,264) (9,260)
Prepaid expenses and other current assets (3,356) (2,442)
Deposits and other assets (2,446) (1,344)
Accounts payable and accrued expenses 20,327 (20,728)
Deferred revenue 1,784 839
Other long-term liabilities 945 0
NET CASH USED IN OPERATING ACTIVITIES (12,054) (48,557)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (6,231) (10,025)
PMG asset purchase, net of cash acquired 0 (10,563)
Cash received from Row 44 Merger 0 159,227
Cash received from AIA Stock Purchase 0 22,136
Cash paid to acquire assets of Purple (500) 0
Purchase of investments 0 (1,500)
Net proceeds from sale of available for sale securities 583 6,312
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (6,148) 165,587
CASH FLOWS FROM FINANCING ACTIVITIES:    
Acquisition of non-controlling interest (21,740) (15,379)
Long-term borrowings, net of costs 16 0
Repayments of notes payable (7,360) (3,613)
Purchase of common stock warrants 1,406 795
Purchase of common stock 0 (1,069)
Other financing activities, net (363) (345)
NET CASH USED IN FINANCING ACTIVITIES (30,853) (21,201)
Effects of exchange rate movements on cash and cash equivalents (104) 0
Net (decrease) increase in cash and cash equivalents (49,159) 95,829
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 258,796 2,088
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 209,637 $ 97,917