| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
Net loss | ||||||||
-153,443 | -236,599 | -357,114 | -112,932 | -2,126 | -57,194 | -114,741 | -42,803 | -18,701 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
Depreciation and amortization | ||||||||
85,319 | 100,346 | 89,854 | 57,158 | 36,592 | 34,422 | - | - | - |
Depreciation and amortization of property and equipment and intangibles | ||||||||
- | - | - | - | - | - | 30,850 | 1,229 | 928 |
Amortization of right-to-use asset | ||||||||
6,302 | - | - | - | - | - | - | - | - |
Amortization of content library | ||||||||
6,648 | 11,678 | 15,813 | 14,932 | 14,929 | 15,022 | - | - | - |
Non-cash interest expense, net | ||||||||
29,381 | 21,546 | 6,449 | 1,916 | 903 | 23 | -25 | 9,629 | 250 |
Stock-based compensation | ||||||||
6,343 | 12,817 | 7,585 | 10,747 | 8,235 | 8,067 | 4,536 | 1,641 | 93 |
Tax effect of Second Lien Notes' beneficial conversion feature | ||||||||
2,688 | 0 | - | - | - | - | - | - | - |
Loss on extinguishment of debt | ||||||||
- | - | -14,389 | 0 | 0 | - | - | - | - |
Issuance of shares for working capital settlement | ||||||||
- | - | - | - | - | 345 | 0 | 0 | - |
Issuance of shares for legal settlements | ||||||||
- | - | 0 | 13,705 | 0 | 0 | - | - | - |
Goodwill, Impairment Loss | ||||||||
- | - | 167,000 | 64,000 | 0 | 0 | - | - | - |
Impairment of internally developed software | ||||||||
- | - | 0 | 4,069 | 0 | 0 | - | - | - |
Impairment of related party loan | ||||||||
- | - | 0 | 4,353 | 0 | 0 | - | - | - |
Proceeds from equity method investments | ||||||||
6,686 | 1,429 | 6,798 | 0 | 0 | - | - | - | - |
Common stock issued for services | ||||||||
- | - | - | - | - | - | - | 550 | - |
Income (Loss) from Equity Method Investments | ||||||||
9,980 | -46,310 | -12,424 | 3,829 | 0 | -1,500 | 0 | 0 | - |
Loss on disposal of fixed assets | ||||||||
-463 | -528 | -443 | 0 | 0 | - | - | - | - |
Change in fair value of derivatives | ||||||||
1,066 | 97 | 3,510 | 25,515 | 11,938 | -6,955 | -63,961 | -3,576 | 0 |
Provision for bad debt | ||||||||
4,616 | 1,227 | 2,788 | 2,624 | 797 | 5,539 | 760 | 7 | - |
Warrants for common stock issued for services | ||||||||
- | - | - | - | - | - | 452 | 2,555 | - |
Warrants for common stock issued for services | ||||||||
- | - | - | - | - | - | - | - | 0 |
Deferred Income Tax Expense (Benefit) | ||||||||
-3,933 | -7,905 | -16,913 | -60,369 | -6,452 | -5,068 | -4,904 | 0 | 0 |
Other | ||||||||
-1,379 | 1,299 | 2,944 | 1,488 | -96 | - | - | - | - |
Other | ||||||||
- | - | - | - | - | 0 | 176 | 109 | -192 |
Changes in operating assets and liabilities: | ||||||||
Restricted cash | ||||||||
- | - | - | - | 0 | 767 | - | - | - |
Restricted cash | ||||||||
- | - | - | - | 722 | - | - | - | - |
Accounts receivable | ||||||||
-4,788 | -8,974 | -4,159 | 8,032 | 5,879 | 26,386 | 2,803 | 3,883 | -795 |
Inventories | ||||||||
-6,069 | 11,620 | 5,637 | -2,123 | 1,580 | 3,557 | 3,054 | 1,215 | -793 |
Content library | ||||||||
- | - | - | - | - | - | 9,377 | 0 | 0 |
Prepaid expenses | ||||||||
-2,351 | -4,687 | -4,172 | 4,382 | 1,272 | 449 | 7,648 | 1,793 | 954 |
Other current assets | ||||||||
2,341 | -14,280 | 115 | -16,366 | 1,252 | 5,493 | 0 | 356 | 0 |
Content library | ||||||||
3,824 | 8,876 | 15,539 | 18,614 | 15,406 | 16,765 | - | - | - |
Other non-current assets | ||||||||
9,805 | 4,386 | 1,064 | -2,695 | -2,814 | 2,703 | - | - | - |
Accounts payable and accrued expenses | ||||||||
7,649 | -26,012 | 7,880 | 14,854 | 4,183 | 19,641 | -22,508 | -7,422 | 4,915 |
Deferred revenue | ||||||||
3,857 | 1,142 | -919 | -12,891 | -3,134 | 3,151 | 5,384 | -886 | 7,694 |
Income taxes payable | ||||||||
- | - | - | - | - | - | 5,150 | 0 | 0 |
Other liabilities | ||||||||
6,330 | -2,280 | -3,536 | -790 | 3,067 | 322 | - | - | - |
Net Cash Provided by (Used in) Operating Activities | ||||||||
-8,900 | -74,110 | -67,537 | -39,300 | 21,855 | -23,395 | -54,143 | -39,280 | -3,995 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Acquisitions of companies, net of cash acquired | ||||||||
- | - | 0 | 75,989 | 60,242 | 500 | 44,909 | - | - |
Purchases of property and equipment | ||||||||
20,291 | 43,451 | 74,994 | 54,173 | 20,653 | 9,074 | 11,477 | 2,432 | 594 |
Issuance of loan to related party | ||||||||
- | - | 0 | 4,400 | 0 | 0 | - | - | - |
Settlement received related to EMC Acquisition | ||||||||
- | - | 1,250 | 0 | 0 | - | - | - | - |
Issuance of loan to related party | ||||||||
- | - | - | - | - | - | - | 0 | - |
Cash received from Row 44 Merger | ||||||||
- | - | - | - | - | - | 159,305 | 0 | 0 |
Cash received from AIA Stock Purchase | ||||||||
- | - | - | - | - | - | 22,135 | 0 | 0 |
Purchase of investments | ||||||||
- | - | - | - | - | - | 1,500 | - | - |
Proceeds from sale of investment | ||||||||
- | - | - | - | - | 583 | 6,286 | 0 | 0 |
Purchase of investment in Allegiant Systems | ||||||||
- | - | - | - | - | - | - | 0 | -7 |
Other | ||||||||
- | - | - | - | - | 732 | 0 | 0 | - |
NET CASH USED IN INVESTING ACTIVITIES | ||||||||
-20,291 | -43,451 | -73,744 | -134,562 | -80,895 | -9,723 | 129,840 | -2,432 | -587 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Proceeds from issuance of common stock, net of offerings costs of $7.1 million | ||||||||
- | - | - | - | - | - | 204,008 | 0 | - |
Acquisition of non-controlling interest | ||||||||
- | - | - | - | - | 21,741 | 15,369 | - | - |
Proceeds from issuance of Second Lien Notes and equity warrants | ||||||||
0 | 150,000 | 0 | 0 | - | 2,047 | 0 | 10,000 | 10,000 |
Proceeds from additional capacity on term loan | ||||||||
40,000 | 0 | - | - | - | - | - | - | - |
Payments of withholding taxes on cashless exercise of stock based awards in Business Combination | ||||||||
- | - | - | - | - | - | 1,191 | -15 | - |
Issuance costs | ||||||||
3,772 | 6,968 | 20,927 | 0 | 831 | 0 | 0 | - | - |
Repayment of long-term debt | ||||||||
14,219 | 13,484 | 423,018 | 3,806 | - | - | 19,000 | 0 | 0 |
Repayment of revolving credit facility | ||||||||
83,850 | 80,585 | - | - | - | - | - | - | - |
Proceeds from Issuance of Long-term Debt | ||||||||
- | - | 485,000 | 0 | 0 | - | - | 0 | - |
Proceeds from borrowings on revolving credit facility | ||||||||
73,150 | 56,600 | 78,000 | 27,500 | 81,250 | - | - | - | - |
Acquisition of non-controlling interest | ||||||||
- | - | - | - | - | - | - | 0 | 0 |
Repayments of indebtedness | ||||||||
- | - | 0 | 0 | 1,126 | - | - | - | 0 |
Payment of contingent consideration | ||||||||
- | - | -1,599 | 0 | 0 | - | - | - | - |
Repurchase of common stock warrants | ||||||||
- | - | 0 | 5,219 | 0 | 1,406 | 800 | -7 | -6 |
Proceeds from exercise of stock options and warrants | ||||||||
- | - | 0 | -450 | 5,604 | 3,100 | 0 | 0 | - |
Repayments of long-term debt | ||||||||
- | - | - | - | - | 9,669 | 5,637 | 13 | 13 |
Payments of withholding taxes on cashless exercise of stock based awards in Business Combination | ||||||||
- | - | - | - | - | - | - | - | 0 |
Payment of contingent consideration | ||||||||
- | - | - | - | - | - | - | 24,981 | 0 |
Other financing activities, net | ||||||||
-5,140 | 0 | 0 | -4,127 | -339 | -362 | 0 | 0 | -90 |
Proceeds from borrowings from related party | ||||||||
7,350 | 0 | 6,370 | 0 | 0 | - | 19,000 | - | - |
NET CASH PROVIDED BY FINANCING ACTIVITIES | ||||||||
13,519 | 105,563 | 123,826 | 13,898 | 84,558 | -28,031 | 181,011 | 34,990 | 9,903 |
Effects of exchange rate changes on cash and cash equivalents | ||||||||
178 | 85 | 645 | 655 | - | - | - | - | - |
Effects of exchange rate changes on cash and cash equivalents | ||||||||
- | - | - | - | 386 | 1 | 0 | 0 | 0 |
Net decrease in cash and cash equivalents | ||||||||
-15,493 | -11,913 | -16,810 | -159,309 | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||||
- | - | - | - | 25,904 | -61,148 | 256,708 | -6,722 | 5,321 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||||||||
Issuance of common stock in exchange for warrants | ||||||||
- | - | - | - | - | - | - | - | 0 |
Cash paid for taxes | ||||||||
5,840 | 7,779 | 7,863 | 12,562 | 5,435 | 4,203 | 6,232 | 5 | 7 |
Cash paid for interest | ||||||||
56,553 | 54,291 | 36,018 | 19,249 | - | - | - | - | - |
Cash paid for Interest | ||||||||
- | - | - | - | 1,161 | 447 | 2,071 | 6 | 3 |
SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||||
Escrow Deposit Disbursements Related to Property Acquisition | ||||||||
- | - | 15,483 | 0 | 0 | - | - | - | - |
Issuance of sponsor warrants in exchange for notes payable | ||||||||
- | - | - | - | - | - | 9,900 | 0 | 0 |
Issuance of Stock to Repurchase Company | ||||||||
19,584 | 8,450 | 0 | 0 | 16,600 | - | 13,235 | 0 | 0 |
Purchases of property, plant and equipment held in accounts payable | ||||||||
239 | 4,057 | 9,390 | 13,500 | 0 | - | - | - | - |
Issuance of common stock in connection with acquisition of business | ||||||||
- | - | 25,000 | 40,607 | 0 | 0 | - | - | - |
Deferred consideration liabilities incurred in connection with acquisition of business | ||||||||
- | - | 0 | 25,000 | 0 | 0 | - | - | - |
Financing of purchased satellite transponders included in property and equipment | ||||||||
8,500 | 0 | - | - | - | - | - | - | - |
Distributions from equity method investee to offset demand promissory note | ||||||||
7,350 | 7,350 | 0 | 0 | - | - | - | - | - |
Leasehold improvements paid directly by lessor | ||||||||
2,285 | - | - | - | - | - | - | - | - |
Notes payable and accrued interest converted into preferred stock and warrants | ||||||||
- | - | - | - | - | - | - | 20,790 | 0 |
Issuance of common stock to repurchase Global Eagle public company warrants | ||||||||
- | - | - | - | - | 24,448 | 5,575 | 0 | 0 |
Purchase consideration for equipment included in accounts payable | ||||||||
- | - | - | - | - | 0 | - | - | - |
Satisfaction of advances and subscriptions receivable via surrender of commons stock | ||||||||
- | - | - | - | - | - | - | 539 | 160 |
Property and equipment purchased with warrants for common stock | ||||||||
- | - | - | - | - | - | - | 614 | 0 |