Annual report pursuant to Section 13 and 15(d)

Condensed Combined Statements of Cash Flows

v3.3.1.900
Condensed Combined Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net earnings (loss) $ (50,187) $ (134,605) $ (41,728)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation and amortization 6,088 9,043 4,382
Stock-based compensation 6,380 999 996
Excess tax benefit from stock-based compensation (1,217)    
Impairment of intangible assets 20,669 35,221  
Cash payments for stock-based compensation 1,268 732 765
Share of earnings (losses) of affiliates 120,962 127,573 76,090
Realized and unrealized (gains) losses on financial instruments, net (2,619) (51,189) (97,860)
(Gain) loss on dilution of investment in affiliate 7,198 87,158 92,933
Deferred Income Tax Expense (Benefit) (24,964) (66,703) (30,924)
Other, net (1,440) 18 39
Changes in operating assets and liabilities:      
Current and other assets (1,238) 446 7,729
Payables and other liabilities (44,292) (4,501) (5,417)
Net cash provided by operating activities 34,072 2,728 5,475
Cash flows from investing activities:      
Capital expended for property and equipment (731) (1,398) (1,127)
Cash paid for acquisitions, net of cash acquired   (48,088)  
Proceeds (payments) from issuances or settlements of financial instruments, net     (59,612)
Investments in equity method affiliates   (175,857) (2,565,150)
Amounts loaned to former parent   (55,646) (58,344)
Repayments by former parent on loan receivable   80,012 59,373
Purchases of short term investments and other marketable securities (18,032) (9,001)  
Sales of short term investments and other marketable securities 18,019    
Other investing activities, net (1,735) (8) (8)
Net cash used in investing activities (2,479) (209,986) (2,624,868)
Cash flows from financing activities:      
Cash received from rights offering 697,309    
Borrowings of debt 67,995 372,000  
Repayments of debt (40,000)    
Contribution from (distribution to) former parent, net   (129,184) 2,618,613
Proceeds from issuances of financial instruments 30,158 130,237 63,547
Payments from settlements of financial instruments (182,192) (130,237) (63,547)
Excess Tax Benefit from Share-based Compensation, Financing Activities 1,217    
Other financing activities, net 4,190    
Net cash provided by (used in) financing activities 578,677 242,816 2,618,613
Net increase in cash 610,270 35,558 (780)
Cash and cash equivalents, beginning of period 44,809 9,251 10,031
Cash and cash equivalents, end of period 655,079 44,809 9,251
Supplemental Cash Flow Information [Abstract]      
Cash paid for interest 7,251 1,078  
Cash paid for taxes $ 5,485 $ 2,870 $ 16,577