Quarterly report pursuant to Section 13 or 15(d)

Condensed Combined Statements of Cash Flows

v3.3.0.814
Condensed Combined Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net earnings (loss) $ (21,786) $ (87,801)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 4,920 6,583
Stock-based compensation 4,782 735
Excess tax benefit from stock-based compensation (1,217)  
Share of earnings (losses) of affiliates 65,747 95,968
Realized and unrealized (gains) losses on financial instruments, net 12,091 (23,745)
(Gain) loss on dilution of investment in affiliate 2,113 61,162
Deferred Income Tax Expense (Benefit) (26,406) (54,427)
Other non-cash charges (credits), net (2,565) (716)
Changes in operating assets and liabilities:    
Current and other assets 904 1,623
Payables and other liabilities 11,826 23,106
Net cash provided by operating activities 50,409 22,488
Cash flows from investing activities:    
Capital expended for property and equipment (2,616) (1,117)
Cash paid for acquisitions, net of cash acquired   (48,088)
Investments in equity method affiliates   (124,492)
Amounts loaned to former parent   (60,952)
Repayments by former parent on loan receivable   80,012
Other investing activities, net 112 (6)
Net cash used in investing activities (2,504) (154,643)
Cash flows from financing activities:    
Cash received from rights offering 697,309  
Borrowings of debt 40,000  
Repayments of debt (40,000)  
Proceeds from issuances of financial instruments 30,158 68,019
Payments from settlements of financial instruments (182,192) (68,019)
Excess Tax Benefit from Share-based Compensation, Financing Activities 1,217  
Contribution from (distribution to) former parent, net   170,315
Other financing activities, net 4,178  
Net cash provided by (used in) financing activities 550,670 170,315
Net increase in cash 598,575 38,160
Cash and cash equivalents, beginning of period 44,809 9,251
Cash and cash equivalents, end of period $ 643,384 $ 47,411