Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net Income (loss) $ (17,696) $ 90,380
Income from discontinued operations (429) (97,741)
Loss from continuing operations (18,125) (7,361)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:    
Depreciation and amortization 3,452 2,757
Share-based compensation expense 1,254 381
Changes in operating assets and liabilities:    
Accounts receivable, net (282) (211)
Prepaid expenses and other assets (1,254) (584)
Accounts payable and accrued liabilities (820) 329
Deferred revenue 819 540
Net cash used in operating activities – continuing operations (14,956) (4,149)
Net cash used in operating activities – discontinued operations 429 (4,849)
Net cash used in operating activities (14,527) (8,998)
Investing activities:    
Additions to media library, property and equipment (9,472) (4,484)
Purchase of investment   (10,020)
Net cash used in investing activities—continuing operations (9,472) (14,504)
Net cash provided by investing activities—discontinued operations   161,808
Net cash provided by (used in) investing activities (9,472) 147,304
Financing activities:    
Proceeds from the issuance of stock 79 994
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)
Net cash provided by (used in) financing activities 79 (77,118)
Net increase (decrease) in cash (23,920) 61,188
Cash at beginning of period 54,027 1,266
Cash at end of period $ 30,107 $ 62,454