Cash Flow

v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income (loss) $ 90,380 $ (13,822)
(Income) loss from discontinued operations (97,741) 8,165
Net loss from continuing operations (7,361) (5,657)
Adjustments to reconcile net loss from continuing operations to net cash provided by (used in) operating activities-continuing operations:    
Depreciation and amortization 2,757 2,384
Loss on remeasurement of foreign currency   434
Share-based compensation expense 381 245
Changes in operating assets and liabilities:    
Accounts receivable, net (211) (49)
Prepaid expenses and other assets (584) 260
Accounts payable and accrued liabilities 329 1,480
Deferred revenue 540 559
Net cash provided by (used in) operating activities-continuing operations (4,149) (344)
Net cash provided by (used in) operating activities-discontinued operations (4,849) 5,387
Net cash provided by (used in) operating activities (8,998) 5,043
Investing activities    
Additions to property, equipment and media library (4,484) (5,198)
Purchase of investment (10,020)  
Net cash provided by (used in) investing activities-continuing operations (14,504) (5,198)
Net cash provided by (used in) investing activities-discontinued operations 161,808 (1,709)
Net cash provided by (used in) investing activities 147,304 (6,907)
Financing activities    
Proceeds from issuance of stock 994 160
Repurchases of stock (76,168)  
Drawdowns on line of credit 3,000  
Repayments on line of credit (3,000)  
Dividends paid to noncontrolling interest (1,944) (486)
Net cash used in financing activities (77,118) (326)
Effect of exchange rates on cash   (632)
Net change in cash 61,188 (2,822)
Cash at beginning of period 1,266 3,821
Cash at end of period $ 62,454 $ 999

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