Cash Flow

v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net income $ 1,648 $ 209
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,641 9,026
Share-based compensation expense 1,236 1,864
Gain on sale of real estate   (6,125)
Changes in operating assets and liabilities:    
Accounts receivable (565) (204)
Prepaid expenses and other assets (117) 517
Accounts payable and accrued liabilities 989 (2,621)
Deferred revenue 1,754 4,531
Net cash provided by operating activities 14,586 7,197
Investing activities:    
Additions to media library, property and equipment (13,355) (10,369)
Proceeds from sale of real estate   13,150
Net cash provided by (used in) investing activities (13,355) 2,781
Financing activities:    
Repayment of debt (160) (17,000)
Proceeds from issuance of debt, net of issuance costs   4,000
Proceeds from the issuance of common stock 752 249
Net cash provided by (used in) financing activities 592 (12,751)
Net change in cash 1,823 (2,773)
Cash at beginning of period 12,605 11,494
Cash at end of period $ 14,428 $ 8,721

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