XML 76 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:      
Consolidated net loss $ (42,740)us-gaap_ProfitLoss $ (43,510)us-gaap_ProfitLoss $ (54,116)us-gaap_ProfitLoss
Adjustments to reconcile consolidated net loss to net cash from operating activities:      
Depreciation and amortization 36,822us-gaap_DepreciationDepletionAndAmortization 37,870us-gaap_DepreciationDepletionAndAmortization 38,777us-gaap_DepreciationDepletionAndAmortization
Amortization of debt financing costs 4,623us-gaap_AmortizationOfFinancingCosts 5,347us-gaap_AmortizationOfFinancingCosts 3,073us-gaap_AmortizationOfFinancingCosts
Amortization of content assets 47,086us-gaap_OtherDepreciationAndAmortization 50,412us-gaap_OtherDepreciationAndAmortization 47,328us-gaap_OtherDepreciationAndAmortization
Amortization of launch assets 9,913roia_AmortizationOfLaunchAssets 9,967roia_AmortizationOfLaunchAssets 9,961roia_AmortizationOfLaunchAssets
Deferred income taxes 34,256us-gaap_DeferredIncomeTaxExpenseBenefit 27,308us-gaap_DeferredIncomeTaxExpenseBenefit 34,728us-gaap_DeferredIncomeTaxExpenseBenefit
Impairment of long-lived assets 0us-gaap_ImpairmentOfLongLivedAssetsHeldForUse 14,880us-gaap_ImpairmentOfLongLivedAssetsHeldForUse 313us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
Stock-based compensation 1,594us-gaap_ShareBasedCompensation 191us-gaap_ShareBasedCompensation 171us-gaap_ShareBasedCompensation
Non-cash interest 0us-gaap_PaidInKindInterest 0us-gaap_PaidInKindInterest 15,089us-gaap_PaidInKindInterest
Loss on retirement of debt 5,679us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Effect of change in operating assets and liabilities, net of assets acquired and disposed of:      
Trade accounts receivable 1,897us-gaap_IncreaseDecreaseInAccountsReceivable (16,340)us-gaap_IncreaseDecreaseInAccountsReceivable 1,931us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid expenses and other assets (1,426)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (1,482)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 1,300us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other assets 943us-gaap_IncreaseDecreaseInOtherOperatingAssets 145us-gaap_IncreaseDecreaseInOtherOperatingAssets 340us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable (691)us-gaap_IncreaseDecreaseInAccountsPayable 1,859us-gaap_IncreaseDecreaseInAccountsPayable (216)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued interest 6,395us-gaap_IncreaseDecreaseInInterestPayableNet (18)us-gaap_IncreaseDecreaseInInterestPayableNet (854)us-gaap_IncreaseDecreaseInInterestPayableNet
Accrued compensation and related benefits (5,226)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 2,790us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 184us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Income taxes payable (572)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 893us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (1,794)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Other liabilities 1,123us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 150us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 4,363us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Payments for content assets (45,756)us-gaap_PaymentsToAcquireOtherProductiveAssets (52,596)us-gaap_PaymentsToAcquireOtherProductiveAssets (54,984)us-gaap_PaymentsToAcquireOtherProductiveAssets
Net cash flows used in operating activities from discontinued operations 0us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations (837)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations (147)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Net cash flows provided by operating activities 53,920us-gaap_NetCashProvidedByUsedInOperatingActivities 37,029us-gaap_NetCashProvidedByUsedInOperatingActivities 45,447us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (5,537)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (9,194)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (12,485)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of Reach Media shares 0us-gaap_PaymentsToAcquireEquityMethodInvestments 0us-gaap_PaymentsToAcquireEquityMethodInvestments (2,000)us-gaap_PaymentsToAcquireEquityMethodInvestments
Payment of launch support 0roia_PaymentsForLaunchSupportAssets 0roia_PaymentsForLaunchSupportAssets (54)roia_PaymentsForLaunchSupportAssets
Proceeds from sale of assets held for sale 225us-gaap_ProceedsFromSaleOfPropertyHeldForSale 0us-gaap_ProceedsFromSaleOfPropertyHeldForSale 0us-gaap_ProceedsFromSaleOfPropertyHeldForSale
Proceeds from sales of investment securities 482us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 1,665us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 9,122us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities
Purchases of investment securities (930)us-gaap_PaymentsToAcquireMarketableSecurities (2,544)us-gaap_PaymentsToAcquireMarketableSecurities (2,627)us-gaap_PaymentsToAcquireMarketableSecurities
Purchase of intangible assets (200)us-gaap_PaymentsToAcquireIntangibleAssets 0us-gaap_PaymentsToAcquireIntangibleAssets 0us-gaap_PaymentsToAcquireIntangibleAssets
Proceeds from sale of discontinued operations 0us-gaap_ProceedsFromDivestitureOfBusinesses 4,000us-gaap_ProceedsFromDivestitureOfBusinesses 0us-gaap_ProceedsFromDivestitureOfBusinesses
Cash paid for acquisitions (9,140)us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross
Net cash flows used in investing activities (15,100)us-gaap_NetCashProvidedByUsedInInvestingActivities (6,073)us-gaap_NetCashProvidedByUsedInInvestingActivities (8,044)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from debt issuance 335,000us-gaap_ProceedsFromIssuanceOfDebt 0us-gaap_ProceedsFromIssuanceOfDebt 0us-gaap_ProceedsFromIssuanceOfDebt
Debt refinancing and modification costs (4,685)us-gaap_PaymentsOfFinancingCosts 0us-gaap_PaymentsOfFinancingCosts (2,557)us-gaap_PaymentsOfFinancingCosts
Premium paid on repayment of senior subordinated notes (1,554)roia_PremiumPaidOnRepaymentOfSeniorSubordinatedNotes 0roia_PremiumPaidOnRepaymentOfSeniorSubordinatedNotes 0roia_PremiumPaidOnRepaymentOfSeniorSubordinatedNotes
Payment of dividends to noncontrolling interest members of TV One (24,643)roia_PaymentsOfDividendsMinorityInterest2 (21,479)roia_PaymentsOfDividendsMinorityInterest2 (7,741)roia_PaymentsOfDividendsMinorityInterest2
Repayment of senior subordinated notes (327,034)us-gaap_RepaymentsOfNotesPayable (747)us-gaap_RepaymentsOfNotesPayable 0us-gaap_RepaymentsOfNotesPayable
Repayment of credit facility (4,924)us-gaap_RepaymentsOfLinesOfCredit (3,840)us-gaap_RepaymentsOfLinesOfCredit (5,789)us-gaap_RepaymentsOfLinesOfCredit
Proceeds from exercise of stock options 125us-gaap_ProceedsFromStockOptionsExercised 0us-gaap_ProceedsFromStockOptionsExercised 0us-gaap_ProceedsFromStockOptionsExercised
Repurchase of common stock 0us-gaap_PaymentsForRepurchaseOfCommonStock (5,469)us-gaap_PaymentsForRepurchaseOfCommonStock 0us-gaap_PaymentsForRepurchaseOfCommonStock
Net cash flows used in financing activities (27,715)us-gaap_NetCashProvidedByUsedInFinancingActivities (31,535)us-gaap_NetCashProvidedByUsedInFinancingActivities (16,087)us-gaap_NetCashProvidedByUsedInFinancingActivities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 11,105us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (579)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 21,316us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS, beginning of year 56,676us-gaap_CashAndCashEquivalentsAtCarryingValue 57,255us-gaap_CashAndCashEquivalentsAtCarryingValue 35,939us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS, end of year 67,781us-gaap_CashAndCashEquivalentsAtCarryingValue 56,676us-gaap_CashAndCashEquivalentsAtCarryingValue 57,255us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for, Interest 68,536us-gaap_InterestPaid 83,612us-gaap_InterestPaid 73,307us-gaap_InterestPaid
Cash paid for, Income taxes $ 1,016us-gaap_IncomeTaxesPaid $ 513us-gaap_IncomeTaxesPaid $ 805us-gaap_IncomeTaxesPaid