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
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 9,556 $ (14,153)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 16,345 17,688
Non-cash interest expense, net 281 (13)
Change in fair value of derivative financial instrument (15,743) (5,808)
Stock-based compensation 4,102 4,589
Gain on sale of available for sale securities 0 (112)
Loss on equity method investments 0 1,108
Deferred income taxes (7,326) (2,270)
Other 265 0
Changes in operating assets and liabilities:    
Accounts receivable (2,533) (8,484)
Inventory and content library (4,128) (8,467)
Prepaid expenses and other assets (1,042) (6,662)
Deposits and other assets 474 274
Accounts payable and accrued expenses 1,372 8,825
Deferred revenue (262) (151)
Other liabilities 3,183 723
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 4,544 (12,913)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (4,979) (4,038)
Net proceeds from sale of available for sale securities 0 583
NET CASH USED IN INVESTING ACTIVITIES (4,979) (3,455)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Acquisition of non-controlling interest 0 (18,201)
Proceeds from issuance of convertible senior notes 81,250 16
Repayments of notes payable (433) (7,190)
Purchase of common stock warrants 0 (1,406)
Proceeds from the exercise of common stock options and warrants 5,504 0
Convertible senior note issuance fees (831) 0
Other financing activities, net (476) (268)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 85,014 (27,049)
Effects of exchange rate movements on cash and cash equivalents 225 (95)
Net increase (decrease) in cash and cash equivalents 84,804 (43,512)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 197,648 258,796
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 282,452 $ 215,284