XML 42 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 14,533 $ 12,270
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 33,050 32,147
Provision for allowance for doubtful accounts 45 20
Income tax expense 8,153 7,324
Stock-based compensation 46 71
Changes in operating assets and liabilities:    
Decrease in accounts receivable 8,998 3,168
Additions to programming rights (37,170) (28,550)
Increase in prepaid and other assets (7,516) (17,220)
Increase (decrease) in accounts payable, accrued and other liabilities (9,152) 2,210
Decrease in interest payable (7,870) (10,676)
Decrease in programming rights payable (7,665) (4,259)
Decrease in payables to Hallmark Cards affiliates (1,428) (1,325)
Net cash provided by (used in) operating activities (5,976) (4,820)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (251) (92)
Net cash used in investing activities (251) (92)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on the Term Loan (17,350) (18,025)
Capitalized debt issuance costs (1,116)  
Discount on issuance of debt (430)  
Principal payments on capital lease obligations (313) (285)
Net cash used in financing activities (19,209) (18,310)
Net decrease in cash and cash equivalents (25,436) (23,222)
Cash and cash equivalents, beginning of period 43,705 35,181
Cash and cash equivalents, end of period 18,269 11,959
Supplemental disclosure of cash and non-cash activities:    
Interest paid 18,775 21,955
Reduction of additional paid-in capital for tax transactions   $ 5,001