XML 26 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net loss $ (20,302) $ (12,415)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 9,270 9,551
Amortization of debt financing costs 1,256 1,317
Amortization of content assets 11,800 8,796
Amortization of launch assets 2,492 2,491
Deferred income taxes 8,505 6,604
Impairment of long-lived assets 0 1,370
Stock-based compensation 45 43
Loss on retirement of debt 5,679 0
Effect of change in operating assets and liabilities, net of assets acquired:    
Trade accounts receivable 2,141 (1,804)
Prepaid expenses and other assets 1,467 (3,219)
Other assets 159 42
Accounts payable (48) 1,122
Accrued interest (895) 220
Accrued compensation and related benefits (5,638) (2,199)
Income taxes payable (601) 56
Other liabilities (1,834) 1,138
Payments for content assets (12,395) (12,451)
Net cash flows used in operating activities of discontinued operations 0 (858)
Net cash flows provided by (used in) operating activities 1,101 (196)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (1,672) (2,220)
Proceeds from sales of investment securities 23 503
Purchases of investment securities (980) (1,831)
Proceeds from sale of discontinued operations 0 4,000
Proceeds from sale of assets held for sale 225 0
Acquisition of station and broadcasting assets (7,140) 0
Net cash flows (used in) provided by investing activities (9,544) 452
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of senior subordinated notes (327,034) (747)
Premium paid on repayment of senior subordinated notes (1,554) 0
Proceeds from debt issuance 335,000 0
Repurchase of common stock 0 (1,526)
Repayment of credit facility (960) (960)
Debt refinancing costs (4,472) (23)
Payment of dividends to noncontrolling interest members of TV One (3,409) (7,829)
Net cash flows used in financing activities (2,429) (11,085)
DECREASE IN CASH AND CASH EQUIVALENTS (10,872) (10,829)
CASH AND CASH EQUIVALENTS, beginning of period 56,676 57,255
CASH AND CASH EQUIVALENTS, end of period 45,804 46,426
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 21,438 20,710
Income taxes, net $ 573 $ 8