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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net loss $ (105,874) $ (61,980)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation 14,227 19,006
Amortization of intangible assets 35,715 35,716
Gain on sale/disposal of assets (10) (258)
Stock-based compensation expense 3,826 716
Deferred income taxes   (15,067)
Inter-Company Tax Payable Settlement   15,777
Amortization of deferred financing costs 421 66
PIK interest added to Senior Facilities 15,519 17,600
Change in fair value of warrant liability (7,774)  
Non-cash rent, interest and other (18) 123
Cash flows from changes in net operating assets and liabilities:    
Accounts receivable (5,526) (2,065)
Content library (931) 1,462
Income tax receivable   (6,640)
Prepaid expenses and other current assets (671) 453
Other assets 100 441
Trade payables 4,605 (3,527)
Change in due to/from related parties (434) 2,600
Accrued and other liabilities (2,564) (20,504)
Net cash flows used in operating activities (49,389) (16,081)
Investing Activities:    
Purchases of property and equipment (5,830) (6,760)
Proceeds from disposition of property and equipment 50 268
Net cash flows used in investing activities (5,780) (6,492)
Financing Activities:    
Proceeds from Redbox's borrowings 46,352 27,493
Repayments of Redbox's debt obligations (6,287) (1,830)
Proceeds from exercise of warrants 11,520  
Dividends paid   (90)
Principal payments on finance lease obligations (1,363) (1,575)
Net cash flows provided by financing activities 50,222 23,998
Change in cash, cash equivalents and restricted cash (4,947) 1,425
Cash, cash equivalents and restricted cash:    
Beginning of period 18,478 8,927
End of period $ 13,531 $ 10,352