XML 21 R7.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    
Net loss $ (3,273) $ (3,613)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Non-cash revenue (133) (135)
Depreciation and amortization 967 1,007
Amortization of deferred television production costs 0 3,991
Non-cash equity compensation 558 1,330
Deferred income tax expense 308 310
Gain on sale of cost-based investment 0 (765)
Gain on sale of subscriber list, net (2,689) 0
Other non-cash charges, net (91) 30
Changes in operating assets and liabilities    
Accounts receivable, net 12,875 13,647
Paper inventory 1,077 915
Deferred television production costs (17) (4,203)
Accounts payable and accrued liabilities and other (334) (1,675)
Accrued payroll and related costs (3,651) (3,045)
Deferred subscription revenue (2,132) 478
Deferred revenue (1,429) (780)
Other changes (812) 1,260
Total changes in operating assets and liabilities 5,577 6,597
Net cash provided by operating activities 1,224 8,752
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (282) (634)
Purchases of short-term investments (2,418) (28,834)
Sales of short-term investments 9,452 3,702
Proceeds from the sale of cost-based investment 0 765
Proceeds from the sale of subscriber list, net 738 0
Net cash provided by / (used in) investing activities 7,490 (25,001)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds received from stock option exercises 0 73
Dividends paid 0 (2)
Net cash provided by financing activities 0 71
Net increase / (decrease) in cash 8,714 (16,178)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 19,925 38,453
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 28,639 $ 22,275