Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net income (loss) $ (23,272) $ 87,066 $ (11,706)
(Income) loss from discontinued operations (429) (97,848) 2,687
Net loss from continuing operations (23,701) (10,782) (9,019)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:      
Depreciation and amortization 4,903 3,684 3,268
Loss on remeasurement of foreign currency     408
Share-based compensation expense 1,833 674 339
Changes in operating assets and liabilities:      
Accounts receivable, net (501) (161) (236)
Prepaid expenses and other assets (2,423) (279) 395
Accounts payable, accrued liabilities, and deferred taxes (1,785) (172) 421
Deferred revenue 882 980 637
Net cash used in operating activities – continuing operations (20,792) (6,056) (3,787)
Net cash provided by (used in) operating activities – discontinued operations   (9,326) 11,388
Net cash provided by (used in) operating activities (20,792) (15,382) 7,601
Investing activities:      
Additions to property, equipment and media library (12,511) (6,594) (6,380)
Additions to intangible assets (500)    
Purchase of investment   (10,000)  
Proceeds from the sale of Gaiam Brand business, net   162,127  
Net cash provided by (used in) investing activities—continuing operations (13,011) 145,533 (6,380)
Net cash used in investing activities—discontinued operations   (319) (2,955)
Net cash provided by (used in) investing activities (13,011) 145,214 (9,335)
Financing activities:      
Net proceeds from issuance of stock 54 1,041 160
Repurchases of stock   (76,168)  
Drawdowns on line of credit 12,500 3,000  
Repayments on line of credit   (3,000)  
Dividends paid to noncontrolling interest   (1,944) (486)
Net cash (used in) provided by financing activities 12,554 (77,071) (326)
Effect of exchange rates on cash     (495)
Net increase (decrease) in cash (21,249) 52,761 (2,555)
Cash at beginning of year 54,027 1,266 3,821
Cash at end of year 32,778 54,027 1,266
Supplemental cash flow information      
Interest paid     4
Income taxes paid 69 2,430 $ 1,322
Deferred tax asset impact on APIC $ 77 $ 763