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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities:      
Net loss $ (88,572) $ (22,262) $ (59,524)
Adjustments to reconcile to net cash used in operating activities:      
Depreciation 322 328 190
Amortization of debt discount 2,542 1,604 1,472
Equity (income) loss 66,358 (671) 39,599
Other (income) loss, net 339 1,682 (217)
Stock-based compensation expense 1,138 2,394 1,611
Changes in assets and liabilities:      
Accounts receivable, net (3,560) (1,521) (923)
Accounts payable, accrued expenses, and other 628 (215) 43
Net cash used in operating activities (20,805) (18,661) (17,749)
Cash Flows from Investing Activities:      
Acquisitions of ownership interests in companies (15,101) (52,431) (70,186)
Proceeds from sales of and distributions from companies 16,604 73,965 25,058
Advances and loans to companies (22,867) (27,967) (15,208)
Repayment of advances and loans to companies 0 1,741 1,318
Increase in marketable securities 0 (21,194) (29,755)
Decrease in marketable securities 11,237 46,315 33,640
Capital expenditures 0 (432) (1,856)
Other, net 0 64 0
Net cash provided by (used in) investing activities (10,127) 20,061 (56,989)
Cash Flows from Financing Activities:      
Proceeds from credit facility 50,000 0 0
Issuance costs of credit facility (5,696) 0 0
Repurchase of convertible senior debentures (14,455) 0 0
Tax withholdings related to equity-based awards (223) (460) 0
Issuance of Company common stock, net (1) 5 676
Repurchase of Company common stock 0 (5,389) (4,997)
Net cash provided by (used in) financing activities 29,625 (5,844) (4,321)
Net change in cash, cash equivalents and restricted cash equivalents (1,307) (4,444) (79,059)
Cash, cash equivalents and restricted cash equivalents at beginning of period 28,394 32,838 111,897
Cash, cash equivalents and restricted cash equivalents at end of period $ 27,087 $ 28,394 $ 32,838