Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net income (loss) $ 87,066 $ (11,706) $ (9,916)
(Income) loss from discontinued operations (97,848) 2,687 70
Net loss from continuing operations (10,782) (9,019) (9,846)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:      
Depreciation and amortization 3,684 3,268 3,165
Loss on remeasurement of foreign currency   408 564
Share-based compensation expense 674 339 280
Changes in operating assets and liabilities:      
Accounts receivable, net (161) (236) (98)
Prepaid expenses and other assets (279) 395 1,007
Accounts payable and accrued liabilities (172) 421 (1,531)
Deferred revenue 980 637 595
Net cash used in operating activities – continuing operations (6,056) (3,787) (5,864)
Net cash provided by (used in) operating activities – discontinued operations (9,326) 11,388 15,652
Net cash provided by (used in) operating activities (15,382) 7,601 9,788
Investing activities:      
Additions to property, equipment and media library (6,594) (6,380) (4,413)
Purchase of investment (10,000)    
Proceeds from sale of investments     2,646
Proceeds from the sale of Gaiam Brand business, net 162,127    
Net cash provided by (used in) investing activities—continuing operations 145,533 (6,380) (1,767)
Net cash used in investing activities—discontinued operations (319) (2,955) (6,670)
Net cash provided by (used in) investing activities 145,214 (9,335) (8,437)
Financing activities:      
Net proceeds from issuance of stock 1,041 160 1,806
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) (150)
Net cash (used in) provided by financing activities (77,071) (326) 1,656
Effect of exchange rates on cash   (495) (707)
Net increase (decrease) in cash 52,761 (2,555) 2,300
Cash at beginning of year 1,266 3,821 1,521
Cash at end of year 54,027 1,266 3,821
Supplemental cash flow information      
Interest paid   4 14
Income taxes paid 2,430 $ 1,322 $ 1,114
Deferred tax asset impact on APIC $ 763