XML 59 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities    
Net loss $ (31,906) $ (7,871)
Adjustments to reconcile net loss to net cash from operating activities    
Provisions for allowance for doubtful accounts 627 84
Depreciation & amortization expense 3,349 741
Stock compensation expense 2,147 2,266
Gain on sale of business interests (176)  
Accretion of debt 2,916  
Exchange loss 46  
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (24,134) (5,496)
Deferred tax expense 167 1,537
Income tax receivable (732) (1,388)
Prepaid expenses and other current assets (275) (495)
Other long-term assets (28) (18)
Accounts payable (5,973) (1,313)
Accrued expenses and other liabilities 4,899 1,816
Cash used by operating activities (49,073) (10,137)
Investing activities    
Acquisition of businesses, net of cash acquired (19,660) (3,713)
Proceeds from sale of business interests 125  
Payment of acquisition earn-out   (450)
Payment for purchases of property and equipment (3,864) (2,569)
Cash Flows used by investing activities (23,399) (6,732)
Financing Activities    
Credit line, net activity (150)  
Payments of notes payable and capital leases 16 (2,018)
Proceeds from stock offering, net   136,961
Proceeds from exercise of options, net (56) 131
Proceeds from exercise of warrants 10  
Dividends paid to preferred stockholders (1,486) (1,500)
Cash flows (used)/provided by financing activities (1,666) 133,574
Net (decrease)/increase in cash (74,138) 116,705
Cash and cash equivalents, beginning of period 252,293 74,007
Cash and cash equivalents, end of period 178,155 190,712
Supplemental disclosure of noncash activities:    
Cash paid during the period for interest 3,337 15
Cash paid during the period for income taxes $ 906 $ 159