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CONSOLIDATED STATEMENTS OF CASH FLOWS
€ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income / (loss) $ 49,427 $ (180,597) $ (115,572)
Adjustments to reconcile net income / (loss) to net cash generated from continuing operating activities:      
Loss from discontinued operations, net of tax 4,626 16,172 29,396
Amortization of program rights 254,061 238,063 227,510
Depreciation and other amortization 41,361 53,163 89,725
Interest and related Guarantee Fees paid in kind 23,137 36,491 75,426
Loss on extinguishment of debt (Note 5) 101 150,158 0
(Gain) / loss on disposal of fixed assets (73) (268) 17,371
Deferred income taxes (483) 1,360 (1,768)
Stock-based compensation (Note 17) 4,280 3,383 2,311
Change in fair value of derivatives 231 11,473 (7,333)
Foreign currency exchange (gain) / loss, net (13,425) (8,683) 1,517
Changes in assets and liabilities:      
Accounts receivable, net 1,555 (17,459) (7,430)
Accounts payable and accrued liabilities (1,264) 2,911 4,588
Program rights (269,573) (245,099) (235,618)
Other assets and liabilities 2,503 (111) (6,686)
Accrued interest (2,624) (5,560) 4,407
Income taxes payable 6,387 4,445 (845)
Deferred revenue (2,316) (680) 3,459
VAT and other taxes payable (2,590) 225 (878)
Net cash generated from continuing operating activities 95,321 59,387 79,580
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property, plant and equipment (24,905) (22,379) (26,654)
Proceeds from disposal of property, plant and equipment 163 178 3,091
Net cash used in continuing investing activities (24,742) (22,201) (23,563)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from debt 0 533,963 253,051
Repayments of Long-term Debt (59,060) (540,699) (261,034)
Debt transactions costs (106) (9,541) (1,541)
Payment of credit facilities and capital leases (2,714) (1,086) (27,102)
Settlement of forward currency swaps 0 (12,106) 7,983
Proceeds from exercise of warrants 1,148 6,997 0
Proceeds from sale-leaseback transactions 2,746 0 0
Payments of withholding tax on net share settlement of share-based compensation (168) 0 0
Net cash used in continuing financing activities (58,154) (22,472) (28,643)
Net cash (used in) / provided by discontinued operations - operating activities (4,206) (25,900) 5,347
Net cash used in discontinued operations - investing activities (4,082) (5,961) (265)
Net cash used in discontinued operations - financing activities (285) (247) (329)
Impact of exchange rate fluctuations on cash 10,445 (1,120) (1,851)
Net increase / (decrease) in cash and cash equivalents 14,297 (18,514) 30,276
CASH AND CASH EQUIVALENTS, beginning of period 40,606 59,120 28,844
CASH AND CASH EQUIVALENTS, end of period 54,903 40,606 59,120
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for interest (including mandatory cash-pay Guarantee Fees) 40,619 50,611 14,976
Cash paid for income taxes, net of refunds 14,839 290 807
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING AND INVESTING ACTIVITIES:      
Accretion on Series B Convertible Redeemable Preferred Stock 9,694 13,701 17,272
Capital Lease Obligations Incurred 8,824 983 844
Guarantee Fee [Member]      
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for Guarantee Fees that may be paid in kind $ 1,735 $ 7,464 $ 0