XML 19 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (53,079) $ 181,271
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,590 2,719
Stock-based compensation 10,594 10,739
Amortization of debt issuance costs 995 1,087
Deferred Income Tax Expense (Benefit) 0 (6,014)
Gain on sale of non-financial assets (132,818) 0
Asset Impairment Charges 0 28,638
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable 52,201 (50,917)
(Increase) decrease in inventory 345 204
(Increase) decrease in prepaid expenses and other current assets (6,008) (3,305)
Decrease in other assets 314 330
Decrease in accounts payable and other liabilities 14,281 (645)
Decrease in deferred revenue 0 (25,929)
Net cash provided by (used in) operating activities (108,730) 138,178
Cash flows from investing activities:    
Purchases of property and equipment (33) (70)
Proceeds from Sale of Productive Assets   0
Purchases of investments (53,197) (176,987)
Maturities of investments 229,500 130,600
Net cash (used in) provided by investing activities 336,655 (46,457)
Cash flows from financing activities:    
Repurchase of common stock (1,026) (941)
Repayment of debt borrowings, net of fees (210,760) (963)
Net cash used in financing activities (211,786) (1,904)
Net increase (decrease) in cash and cash equivalents 16,139 89,817
Cash and cash equivalents at beginning of period 36,112 80,386
Cash and cash equivalents at end of period 52,251 170,203
Supplemental disclosure of cash flow information:    
Cash paid for interest 16,892 13,243
Impairment of Real Estate 1,600 0
Gain (Loss) on Extinguishment of Debt $ 255 $ 0