XML 68 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net loss $ (16,334) $ (7,449)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Provision for doubtful accounts receivable 201 (198)
Share-based compensation expense 4,599 1,006
Depreciation and amortization 14,049 1,038
Amortization of deferred financing costs 696 262
(Gain) loss on sale or disposal of assets 971 1,760
(Gain) loss on sale of investments (164) (437)
Equity investment (income)/loss 1,259 0
Amortization of debt discount 176 576
Deferred income taxes (4,881) 1
Other, net 198 0
Unrealized foreign currency transaction (gain) loss on intercompany and foreign debt (46) (125)
Changes in assets and liabilities, net of acquisitions:    
(Increase) decrease in accounts receivable (61,495) 11,936
(Increase) decrease in costs and recognized earnings in excess of billings on uncompleted contracts (7,229) 1,389
(Increase) decrease in inventories (2,718) (2,503)
(Increase) decrease in prepaid expenses and other current assets (778) 6,241
(Increase) decrease in other assets 379 929
Increase (decrease) in accounts payable 455 6,304
Increase (decrease) in accrued interconnection costs 21,041 (2,896)
Increase (decrease) in accrued payroll and employee benefits 4 728
Increase (decrease) in accrued expenses and other current liabilities 16,739 (213)
Increase (decrease) in billings in excess of costs and recognized earnings on uncompleted contracts (12,119) (7,766)
Increase (decrease) in accrued income taxes 1,500 (1,291)
Increase (decrease) in accrued interest (278) 634
Increase (decrease) in other liabilities (972) (856)
Increase (decrease) in pension liability (3,144) 0
Net cash (used in) provided by operating activities (47,891) 9,070
Cash flows from investing activities:    
Purchase of property, plant and equipment (12,914) (663)
Sale of property and equipment and other assets 1,002 80
Purchases of equity investments (8,643) 0
Sale of equity investments 1,026 0
Sale of assets held for sale 1,479 0
Purchases of available-for-sale securities (10,857) 0
Sale of available-for-sale securities 0 423
Investment in debt securities (19,347) 0
Cash paid for business acquisitions, net of cash acquired 0 (85,627)
Purchase of noncontrolling interest (222) (5,000)
(Increase) decrease in restricted cash (721) 0
Net cash used in investing activities (49,197) (90,787)
Cash flows from financing activities:    
Proceeds from long-term obligations 294,346 123,412
Principal payments on long-term obligations (245,724) (57,703)
Payment of fees on restructuring of debt 0 (812)
Payment of deferred financing costs (1,137) 0
Proceeds from sale of common stock, net 0 6,000
Proceeds from sale of preferred stock, net 14,033 29,075
Proceeds from the exercise of warrants and stock options 0 14,368
Payment of dividends (2,038) 0
Payment of dividend equivalents 0 (551)
Taxes paid in lieu of shares issued for share-based compensation 0 (41)
Net cash provided by financing activities 59,480 113,748
Effects of exchange rate changes on cash and cash equivalents (1,429) (197)
Net change in cash and cash equivalents (39,037) 31,834
Cash and cash equivalents, beginning of period 107,978 8,997
Cash and cash equivalents, end of period 68,941 40,831
Supplemental cash flow information:    
Cash paid for interest 20,157 194
Cash paid for taxes 856 2,311
Preferred stock dividends and accretion 2,177 0
Non-cash investing and financing activities:    
Purchases of property, plant and equipment under financing arrangements 1,808 0
Property, plant and equipment included in accounts payable 822 0
Conversion of preferred stock to common stock $ 1,000 $ 0