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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES:    
Net loss $ (138,958) $ (76,069)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation and amortization 38,266 43,477
Amortization of right-of-use asset 4,039 2,557
Amortization of content library 3,773 3,570
Non-cash interest expense, net 16,402 14,220
Change in fair value of derivatives (189) (938)
Change in fair value of equity security investments 1,357 0
Stock-based compensation 2,180 3,616
Impairment of goodwill and long-lived assets 26,611 0
Tax effect of Second Lien Notes’ beneficial conversion feature 0 (2,688)
Loss on disposal of fixed assets 0 357
Proceeds from equity method investments 3,675 0
(Gain) loss on equity method investments including impairment losses 12,873 (4,646)
Provision for expected credit losses 2,447 830
Deferred income taxes (1,911) (624)
Other non-cash adjustments 0 388
Changes in operating assets and liabilities:    
Accounts receivable 14,212 4,992
Inventories 1,722 (1,420)
Prepaid expenses and other current assets 1,179 4,087
Content library (3,792) (1,647)
Other non-current assets 1,631 (12,463)
Accounts payable and accrued liabilities 3,397 11,474
Deferred revenue (3,958) 2,378
Other liabilities (9,660) 10,521
Net cash (used in) provided by operating activities (24,704) 1,972
INVESTING ACTIVITIES:    
Purchases of property and equipment (2,142) (13,442)
Net cash used in investing activities (2,142) (13,442)
FINANCING ACTIVITIES:    
Proceeds from borrowings on revolving credit facility 44,300 34,650
Repayment of revolving credit facility (7,000) (46,250)
Repayments of indebtedness (4,094) (10,109)
Borrowings from related party 5,000 7,350
Payment of satellite purchase financing 0 (2,300)
Net cash provided by (used in) financing activities 38,206 (16,659)
Effects of exchange rate changes on cash, cash equivalents and restricted cash 296 199
Net increase (decrease) in cash, cash equivalents and restricted cash 11,656 (27,930)
Cash, cash equivalents and restricted cash at beginning of period 24,462 39,955
Cash, cash equivalents and restricted cash at end of period 36,118 12,025
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for taxes 706 1,256
Cash paid for interest 28,767 28,417
SIGNIFICANT NON-CASH ACTIVITIES:    
Purchase consideration for equipment included in accounts payable 195 1,530
Conversion of PIK interest on our Second Lien Notes to additional principal 10,682 9,507
Financing of purchased satellite transponders included in property and equipment 0 8,500
Distribution from equity method investments offset against demand promissory note $ 0 $ 4,410

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