|
Depreciation and amortization expense
|
|
$44.7m
|
$44.3m
|
$59.6m
|
$74.8m
|
$39.6m
|
$31.4m
|
$8.7m
|
|
Amortization of content assets
|
|
$8.5m
|
$7.5m
|
$14.8m
|
$24.3m
|
$23.8m
|
$15.7m
|
$8.9m
|
|
Amortization of debt issuance costs
|
|
—
|
—
|
—
|
$733k
|
$1.9m
|
$2.5m
|
$1.4m
|
|
Deferred income taxes
|
|
($14.5m)
|
$15.6m
|
($15.9m)
|
($3.0m)
|
($191k)
|
$5k
|
—
|
|
Impairment of goodwill
|
|
—
|
—
|
—
|
$0
|
$40.0m
|
$20.0m
|
$0
|
|
Loss on debt extinguishment
|
|
—
|
—
|
—
|
—
|
$3.2m
|
$2.4m
|
$2.2m
|
|
Gain on sale of property and equipment
|
|
—
|
—
|
—
|
—
|
—
|
($784k)
|
—
|
|
Net loss
|
|
—
|
($531k)
|
($228.4m)
|
($194.2m)
|
($152.6m)
|
($71.6m)
|
($2.9m)
|
|
Provision for inventory
|
|
$2.8m
|
$2.8m
|
$17.5m
|
$39.8m
|
$10.6m
|
$4.2m
|
$1.5m
|
|
Realized losses on hedging derivative financial instruments
|
|
$219k
|
$92k
|
$550k
|
$108k
|
$222k
|
$64k
|
$0
|
|
Change in fair value of warrant liabilities
|
|
$0
|
$0
|
($50.7m)
|
($8.3m)
|
($2.7m)
|
($1.1m)
|
$2.0m
|
|
Equity-based compensation
|
|
$3.6m
|
$5.4m
|
$16.4m
|
$17.6m
|
$23.9m
|
$17.1m
|
$5.6m
|
|
Change in lease assets
|
|
—
|
—
|
—
|
—
|
$2.0m
|
—
|
$1.4m
|
|
Other non-cash items
|
|
$726k
|
$93k
|
—
|
$1.2m
|
—
|
—
|
—
|
|
Inventory
|
|
($8.4m)
|
($27.8m)
|
($74.3m)
|
$41.5m
|
$17.5m
|
$4.4m
|
$5.4m
|
|
Content assets
|
|
($10.4m)
|
($15.6m)
|
($31.3m)
|
($19.8m)
|
($10.2m)
|
($6.5m)
|
($3.0m)
|
|
Prepaid expenses
|
|
($5.5m)
|
($294k)
|
($6.8m)
|
$2.8m
|
$2.3m
|
$1.7m
|
$2.2m
|
|
Other assets
|
|
$5.9m
|
($1.8m)
|
($2.0m)
|
$4.2m
|
($4.4m)
|
$17.2m
|
$25.8m
|
|
Accounts payable
|
|
$2.0m
|
$410k
|
$8.3m
|
($26.7m)
|
($7.1m)
|
($906k)
|
($4.2m)
|
|
Accrued expenses
|
|
($17.5m)
|
$21.8m
|
($11.3m)
|
($8.7m)
|
($20.3m)
|
($16.6m)
|
($6.8m)
|
|
Deferred revenue
|
|
$3.5m
|
$24.8m
|
$7.4m
|
($9.6m)
|
$2.2m
|
($16.7m)
|
($24.0m)
|
|
Other liabilities
|
|
($5.9m)
|
($10.4m)
|
($4.5m)
|
($4.6m)
|
($415k)
|
($631k)
|
($2.7m)
|
|
Purchase of property and equipment
|
|
($23.8m)
|
($37.9m)
|
($77.9m)
|
($26.5m)
|
($6.6m)
|
($4.5m)
|
($4.4m)
|
|
Investment in restricted short-term investments
|
|
—
|
—
|
—
|
—
|
($4.2m)
|
—
|
—
|
|
Proceeds from sale of property and equipment
|
|
—
|
—
|
—
|
—
|
—
|
$5.6m
|
—
|
|
Proceeds from exercise of stock options
|
|
—
|
—
|
$4.7m
|
$3.2m
|
—
|
$0
|
$524k
|
|
Remittance of taxes withheld from employee stock awards
|
|
—
|
—
|
($3.2m)
|
($308k)
|
—
|
—
|
—
|
|
Debt Borrowings
|
|
—
|
$32.0m
|
$42.0m
|
$50.0m
|
—
|
—
|
$25.0m
|
|
Proceeds from issuance of common shares in the Employee Stock Purchase Plan
|
|
—
|
—
|
—
|
—
|
$553k
|
$272k
|
$143k
|
|
Tax withholdings payments for vesting of restricted stock
|
|
—
|
—
|
—
|
($183k)
|
($2.2m)
|
($263k)
|
($274k)
|
|
Cash received during the year for federal income taxes
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
($324k)
|
|
Cash paid during the year
|
|
—
|
—
|
—
|
—
|
—
|
$147k
|
$83k
|
|
Property and equipment acquired but not yet paid for
|
|
$3.6m
|
$5.6m
|
$9.7m
|
$2.0m
|
$817k
|
$225k
|
$280k
|
|
Warrants issued in relation to Term Loan
|
|
—
|
—
|
—
|
$5.2m
|
—
|
—
|
—
|
|
Change in fair value of term loan warrants due to amended exercise price
|
|
—
|
—
|
—
|
—
|
$802k
|
$192k
|
$0
|
|
Net cash provided by operating activities
|
|
$42.0m
|
($362k)
|
($215.2m)
|
($47.2m)
|
($22.5m)
|
$2.6m
|
$21.8m
|
|
Net cash (used in) provided by investing activities
|
|
($30.3m)
|
($300.0m)
|
($125.2m)
|
($26.5m)
|
($10.8m)
|
$1.1m
|
($4.4m)
|
|
Payment of debt issuance costs
|
|
—
|
—
|
—
|
($4.5m)
|
—
|
—
|
($1.8m)
|
|
Paid-in-kind fee recorded as incremental debt issuance cost
|
|
—
|
—
|
—
|
—
|
$488k
|
$818k
|
$0
|
|
Debt repayments
|
|
($25.0m)
|
($32.0m)
|
($42.0m)
|
($625k)
|
($17.0m)
|
($15.9m)
|
($22.6m)
|
|
Net cash provided by (used in) financing activities
|
|
($32.1m)
|
$301.5m
|
$390.7m
|
$47.6m
|
($13.7m)
|
($15.9m)
|
$1.0m
|
|
Effect of exchange rates on cash, cash equivalents and restricted cash
|
|
$408k
|
$354k
|
$16k
|
($858k)
|
$398k
|
($974k)
|
$449k
|
|
Net increase (decrease) in cash, cash equivalents and restricted cash
|
|
($19.9m)
|
$1.2m
|
$50.2m
|
($27.0m)
|
($46.7m)
|
($13.2m)
|
$18.8m
|
|
Cash, cash equivalents and restricted cash, beginning of year
|
|
$41.6m
|
$56.8m
|
$107.1m
|
$80.1m
|
$33.4m
|
$20.2m
|
$39.0m
|
|
Paid-in-kind interest expense
|
|
$626k
|
$206k
|
$466k
|
$598k
|
$1.3m
|
$808k
|
$218k
|
|
Cash paid during the year for interest
|
|
$626k
|
$206k
|
$466k
|
$2.1m
|
$5.4m
|
$3.6m
|
$2.6m
|
|
Cash paid during the year for Texas GMT income taxes
|
|
$1.1m
|
$333k
|
$385k
|
$389k
|
$11k
|
$85k
|
$73k
|