| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Loss from continuing oerations | ||||||
-40,376 | -11,962 | -286,161 | - | - | - | - |
Loss from continuing operations | ||||||
- | - | - | 6,631 | 2,416 | -646 | -17,386 |
Loss from discontinued operations, net of income taxes | ||||||
-125,063 | 6,984 | 104,615 | - | - | - | - |
Adjustments to reconcile loss from continuing operations to net cash provided by operating activities: | ||||||
Loss from discontinued operations | ||||||
- | - | - | - | - | - | -6,244 |
Provision for bad debts | ||||||
4,123 | 1,546 | 484 | 295 | 201 | 75 | 250 |
Depreciation and amortization | ||||||
4,923 | 2,738 | 2,236 | 4,765 | 1,893 | 1,107 | 598 |
Stock-based compensation | ||||||
1,871 | 2,911 | 5,911 | 6,404 | 6,397 | 2,184 | 1,118 |
Impairment of available-for-sale securities | ||||||
- | - | - | 4,375 | - | - | - |
Impairment of available-for-sale securities | ||||||
- | - | - | 4,375 | - | 0 | - |
Amortization of operating leases | ||||||
- | - | - | 3,111 | 7,722 | 2,444 | 12,104 |
Loss on debt extinguishment | ||||||
- | -148 | - | - | - | - | - |
Amortization of deferred financing costs | ||||||
6,381 | 4,481 | 3,862 | - | - | - | - |
Impairment charges | ||||||
33,109 | 17,899 | 340,628 | - | 0 | - | - |
(Gain) loss on equity securities | ||||||
-123 | - | - | - | - | - | - |
Loss from equity method investment | ||||||
-78 | 61 | 22 | 9 | - | 0 | - |
Loss on interest rate swaps | ||||||
-1,029 | - | - | - | - | - | - |
Fair value of warrants issued for service rendered | ||||||
- | - | - | - | - | - | 436 |
Fair value of warrants issued in connection with acquisition | ||||||
- | - | - | - | - | - | 26 |
Gain on bargain purchase of business | ||||||
- | - | - | - | - | - | 227 |
Loss on disposal of property and equipment | ||||||
-70 | -131 | - | -447 | -57 | -900 | 0 |
Realized loss (gain) on equity securities | ||||||
- | - | -1,916 | - | - | - | - |
Amortization of operating leases | ||||||
6,261 | - | - | - | - | - | - |
Loss on sale of assets | ||||||
- | -7,117 | - | - | 700 | 0 | 0 |
Deferred income taxes | ||||||
-52,651 | -1,260 | -132,669 | 9,581 | -1,834 | 2,468 | 1,786 |
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-6,025 | -1,884 | 12,800 | 11,464 | 9,244 | 7,062 | 4,896 |
Prepaid expenses and other assets | ||||||
-1,534 | 5,041 | 3,541 | -2,347 | -2,988 | 415 | 477 |
Accounts payable and accrued expenses | ||||||
3,092 | 2,135 | -1,256 | -5,132 | -15,329 | -1,106 | -1,055 |
Deferred revenue | ||||||
-4,815 | -6,967 | -2,676 | 22,126 | 46 | -1,087 | 789 |
Other liabilities | ||||||
-7,691 | 7,836 | 983 | 125 | -254 | -1,016 | 1,570 |
Cash used in operating activities from continuing operations | ||||||
-36,914 | 23,535 | -83,105 | 43,602 | -5,641 | -2,154 | 880 |
Cash used in financing activities from discontinued operations | ||||||
40,321 | 9,365 | 111,315 | -564 | -210 | -1,001 | -4,438 |
Cash provided by operating activities | ||||||
3,407 | 32,900 | 28,210 | 43,038 | -5,851 | -3,155 | -3,558 |
Cash flows from investing activities | ||||||
Cash paid for acquisitions, net of cash acquired | ||||||
- | - | - | 146,883 | 328,044 | 111,579 | 90,846 |
Cash paid for equity method investment | ||||||
- | - | - | 704 | - | 0 | - |
Investments in intangible assets, including registration and renewal costs | ||||||
136 | 239 | 298 | 500 | 437 | 545 | 277 |
Purchases of property and equipment | ||||||
64 | 4,209 | 3,019 | 3,325 | 1,462 | 1,135 | 950 |
Proceeds from sale of property and equipment | ||||||
- | - | - | 45 | 5 | 0 | 0 |
Purchase of available-for-sale securities | ||||||
- | - | - | - | 12,048 | 0 | 0 |
Changes in restricted cash | ||||||
- | - | - | - | - | 0 | -35 |
Proceeds from sale of trademarks | ||||||
- | 4,356 | 500 | - | 140 | 0 | 0 |
Proceeds from sale of equity securities | ||||||
458 | - | 5,757 | - | - | - | - |
Proceeds from sale of discontinued operations | ||||||
165,928 | - | - | - | - | - | - |
Cash used in investing activities from continuing operations | ||||||
166,186 | -92 | 2,940 | - | - | - | - |
Cash used in investing activities from discontinued operations | ||||||
-44 | -80 | -77 | - | - | - | - |
Cash used in investing activities | ||||||
166,142 | -172 | 2,863 | -151,367 | -341,846 | -113,259 | -92,038 |
Cash flows from financing activities | ||||||
Proceeds from long-term debt | ||||||
9,000 | 107,607 | 10,000 | 132,000 | 390,179 | 180,000 | - |
Proceeds from term loan and revolver | ||||||
- | - | - | - | - | - | 65,000 |
Proceeds from sale of common stock | ||||||
- | - | - | - | 10,000 | 0 | 66,350 |
Proceeds from options exercised | ||||||
- | - | - | - | 710 | 417 | 104 |
Proceeds from warrants exercised | ||||||
- | - | - | - | 223 | 2,900 | 0 |
Stock registration costs | ||||||
- | - | 20 | - | 1,876 | 0 | 0 |
Payment of long-term debt | ||||||
175,661 | 117,456 | 28,300 | 19,000 | 15,679 | 63,500 | - |
Purchase of interest rate caps | ||||||
- | - | - | 1,248 | - | 0 | - |
Guaranteed payments in connection with acquisitions | ||||||
- | 475 | 1,375 | 3,750 | 3,100 | 0 | - |
Repayment of term loan and revolver | ||||||
- | - | - | - | - | - | 6,000 |
Deferred financing costs | ||||||
- | - | - | 13,141 | 9,208 | 4,688 | 1,929 |
Deferred financing costs | ||||||
4,507 | 14,590 | - | - | - | - | 4,388 |
Repurchases of common stock | ||||||
272 | 2,427 | 1,161 | 638 | 1,513 | 953 | 690 |
Noncontrolling interest distributions | ||||||
5,366 | 6,682 | 7,438 | 6,800 | 3,000 | 366 | 350 |
Cash provided by (used in) financing activities from continuing operations | ||||||
-176,806 | -34,023 | -28,294 | - | - | - | - |
Cash used in financing activities from discontinued operations | ||||||
-574 | -3,000 | -3,000 | - | - | - | - |
Cash provided by (used in) financing activities | ||||||
-177,380 | -37,023 | -31,294 | 87,423 | 366,736 | 113,810 | 118,097 |
Net decrease in cash and restricted cash | ||||||
-7,831 | -4,295 | -221 | - | - | - | - |
Net Decrease In Cash and Restricted Cash | ||||||
- | - | - | -20,906 | 19,039 | -2,604 | 22,501 |
Supplemental disclosures of cash flow information | ||||||
Cash paid for: Interest | ||||||
52,747 | 58,681 | 55,755 | 45,308 | 19,288 | - | - |
Cash paid for: Interest | ||||||
- | - | - | - | - | 6,684 | 3,428 |
Cash paid for: Taxes | ||||||
1,102 | 90 | 163 | 178 | 1,059 | 484 | 0 |
Non-cash investing and financing activities | ||||||
Accrued purchases of property and equipment at year end | ||||||
- | 18 | 152 | 10 | - | 0 | - |
Unrealized gain on equity securities during the year | ||||||
- | 1,554 | - | - | - | - | - |
Unrealized (loss) gain on available-for-sale securities during the year | ||||||
- | - | - | 2,062 | -6,437 | 0 | 0 |
Unrealized (loss) gain on interest rate cap, net during the year | ||||||
- | 80 | -224 | 144 | - | 0 | - |
Unrealized loss on interest rate swaps, net during the year | ||||||
2,542 | - | - | - | - | - | - |
Conversion of senior secured convertible debentures to common stock | ||||||
- | - | - | - | - | - | 14,500 |
Common stock issued in connection with acquisitions | ||||||
- | - | - | - | 187,232 | 183,975 | 19,835 |
Noncontrolling interest recorded in connection with acquisitions | ||||||
- | - | - | - | 65,094 | 4,411 | 0 |
Receivable for sale of trademark | ||||||
- | - | - | - | 560 | 0 | 0 |
Guaranteed contractual payments recorded on acquisitions | ||||||
- | - | - | - | 16,474 | - | - |
Guaranteed contractual payments recorded on acquisitions | ||||||
- | - | - | - | - | 0 | 0 |
Debt discount recorded on sale of common stock to debtholders | ||||||
- | - | - | - | 1,496 | 0 | 0 |
Fair value of warrants issued in connection with acquisition | ||||||
- | - | - | - | - | - | 393 |
Fair value of warrants issued in financing transaction | ||||||
- | - | - | - | - | - | 1,269 |
Cashless exercise of warrants | ||||||
- | - | - | - | - | - | 1 |