XML 28 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net loss $ (12,415) $ (75,185)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 9,540 9,685
Amortization of debt financing costs 1,317 760
Amortization of content assets 8,796 8,321
Amortization of launch assets 2,491 2,489
Deferred income taxes 6,604 65,582
Impairment of long-lived assets 1,370 0
Stock-based compensation 43 44
Non-cash interest 0 7,038
Effect of change in operating assets and liabilities, net of assets acquired:    
Trade accounts receivable (1,824) 3,555
Prepaid expenses and other assets (3,220) 1,514
Other assets 42 (3,009)
Accounts payable 1,123 2,610
Accrued interest 220 121
Accrued compensation and related benefits (2,199) 604
Income taxes payable 56 (431)
Other liabilities 1,137 (475)
Payments for content assets (12,451) (10,714)
Net cash flows provided by (used in) operating activities of discontinued operations 3,174 (24)
Net cash flows provided by operating activities 3,804 12,485
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (2,220) (2,960)
Proceeds from sales of investment securities 503 3,859
Purchases of investment securities (1,831) (348)
Net cash flows (used in) provided by investing activities (3,548) 551
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of senior subordinated notes (747) 0
Repurchase of common stock (1,526) 0
Repayment of credit facility (960) (965)
Debt refinancing and modification costs (23) (13)
Payment of dividends to noncontrolling interest members of TV One (7,829) (4,113)
Net cash flows used in financing activities (11,085) (5,091)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (10,829) 7,945
CASH AND CASH EQUIVALENTS, beginning of period 57,255 35,939
CASH AND CASH EQUIVALENTS, end of period 46,426 43,884
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 20,710 15,490
Income taxes, net $ 8 $ 60