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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net loss $ (165,116) $ (129,947)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 18,456 19,637
Stock-based compensation 33,805 17,776
Loss on deconsolidation of Nexway, net of cash retained by Nexway 8,564
Loss on issuance of notes, bonds and warrants   24,655
Loss on extinguishment of debt 380
Common stock issued in connection with note payable 67
Non-cash expense relating to issuance of warrants and common stock   2,208
Amortization of debt discount 6,555 10,981
Deferred income tax benefit (1,218) (4,519)
Change in fair value of derivative liability 526
Change in fair value of warrant liabilities 6,604 (4,600)
Change in fair value of subsidiary warrant liability (3)
Change in fair value of shares settled liability 1,665
Change in fair value of profit share liability 148
Unrealized gain on investment (2,614)
Amortization of right-of-use assets 624 167
Accrued interest on notes payable 246
Other adjustments 245 979
Changes in operating assets and liabilities of business, net of acquisitions:    
Accounts receivable, net (3,413) 792
Prepaid expenses and other assets (5,583) (614)
Accounts payable 1,390 3
Accrued expenses 13,233 796
Due to related parties 10,889
Deferred revenue 7,068 46
Lease liabilities (454) (162)
Net cash used in operating activities (87,424) (42,314)
Cash flows from investing activities    
Advance to fuboTV Pre-Merger (10,000)
Acquisition of fuboTV’s Pre-Merger cash and cash equivalents and restricted cash 9,373
Cash paid for acquisition (1,740)
Purchases of property and equipment (2,138) (70)
Purchase of intangible assets (1,300)
Net cash used in investing activities (5,178) (697)
Cash flows from financing activities    
Proceeds from sale of common stock and warrants, net of fees 28,926
Proceeds from convertible note, net of issuance costs 389,946 3,003
Proceeds from exercise of stock options 1,976
Proceeds from the exercise of common stock warrants 1,312
Repayments of convertible notes (1,140)
Proceeds from notes payable and long-term borrowings 23,649
Repayments of notes payable and long-term borrowings (24,709) (9,657)
Proceeds from the issuance of Series D Preferred Stock 203
Redemption of Series D Preferred Stock (611)
Repayments to related parties (300)
Net cash provided by financing activities 368,525 44,073
Net increase in cash, cash equivalents and restricted cash 275,923 1,062
Cash, cash equivalents and restricted cash at beginning of period 136,221 7,624
Cash, cash equivalents and restricted cash at end of period 412,144 8,686
Supplemental disclosure of cash flows information:    
Interest paid 432 4,110
Supplemental disclosure of non-cash financing and investing activities:    
Conversion of Series AA preferred stock to common stock 406,665
Issuance of convertible preferred stock for Merger 566,124
Reclass of shares settled liability to additional paid-in capital for issuance of common stock 9,054
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 2,042
Accrued Series D Preferred Stock dividends 17
Deemed dividend related to immediate accretion of redemption feature of convertible preferred stock $ 171