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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (70,186) $ (56,343)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 9,209 5,220
Stock-based compensation 9,374 9,061
Loss on deconsolidation of Nexway, net of cash retained by Nexway 8,564
Loss on issuance of notes, bonds, and warrants 24,053
Common stock issued in connection with note payable 67
Amortization of debt discount 2,512 1,664
Deferred income tax benefit (465) (1,038)
Change in fair value of derivative liability (297)
Change in fair value of warrant liabilities 585 366
Change in fair value of subsidiary warrant liabilities 15
Change in fair value of shares settled liability 180
Amortization of right-of-use assets 251 13
Accrued interest on notes payable 125 112
Other adjustments (5) (55)
Changes in operating assets and liabilities of business, net of acquisitions:    
Accounts receivable (473) (927)
Notes receivable (179)
Prepaid expenses and other assets (2,419) 1,102
Accounts payable (8,528) 1,295
Accrued expenses 3,625 (277)
Due from related parties (60)
Deferred revenue 2,771
Lease liability (243) (14)
Net cash used in operating activities (53,867) (7,478)
Cash flows from investing activities    
Advance to fuboTV (2,421)
Cash portion paid for acquisition (1,740)
Purchases of property and equipment (639)
Net cash used in investing activities (2,379) (2,421)
Cash flows from financing activities    
Proceeds from sale of common stock and warrants, net of fees 2,297
Proceeds from convertible note, net of issuance costs 389,946 900
Proceeds from exercise of stock options 776
Proceeds from the exercise of common stock warrants 812
Repayments of convertible notes (550)
Repayments of notes payable and short-term borrowings (6,574)
Proceeds from the issuance of Series D Preferred Stock 203
Redemption of Series D preferred stock (272)
Proceeds from related parties 78
Repayments to related parties (300)
Net cash provided by financing activities 384,960 2,356
Net increase (decrease) in cash, cash equivalents and restricted cash 328,714 (7,543)
Cash, cash equivalents and restricted cash at beginning of period 136,221 7,624
Cash, cash equivalents and restricted cash at end of period 464,935 81
Supplemental disclosure of cash flows information:    
Interest paid 327 170
Supplemental disclosure of non-cash financing and investing activities:    
Conversion of Series AA preferred stock to common stock 406,665
Reclass of shares settled liability for intangible asset to stock-based compensation 1,000
Issuance of treasury stock in connection with acquisition 8,538
Cashless exercise of common stock warrants 14,991
Lender advanced loan proceeds direct to fuboTV 7,579
Issuance of common stock - subsidiary share exchange 1,150
Accrued Series D Preferred Stock dividends 9
Deemed dividend related to immediate accretion of redemption feature of convertible preferred stock $ 171