Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:        
Net earnings (loss) $ 10,580 $ (2,977) $ (4,490) $ (17,422)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:        
Depreciation and amortization 899 949 1,808 1,902
Stock-based compensation     2,801 2,877
Share of (earnings) losses of affiliate, net (32,911) (11,467) (42,213) (30,389)
(Gain) loss on dilution of investment in affiliate 5,205 6,659 31,962 38,797
Realized and unrealized (gains) losses on financial instruments, net 2,019 (1,370) 2,019 (2,351)
Deferred income tax expense (benefit)     (756) (10,921)
Other, net     447 129
Changes in operating assets and liabilities:        
Current and other assets     335 (442)
Payables and other liabilities     1,494 6,506
Net cash provided (used) by operating activities     (6,593) (11,314)
Cash flows from investing activities:        
Capital expended for property and equipment     (24) (9)
Other investing activities, net       6
Net cash provided (used) by investing activities     (24) (3)
Cash flows from financing activities:        
Borrowings of debt     25,000  
Payments from issuances of financial instruments     (94,249) (101,638)
Proceeds from settlements of financial instruments     46,483 101,921
Other financing activities, net     588 2,059
Net cash provided (used) by financing activities     (22,178) 2,342
Net increase (decrease) in cash     (28,795) (8,975)
Cash, cash equivalents and restricted cash beginning of period     81,257 205,728
Cash, cash equivalents and restricted cash end of period $ 52,462 $ 196,753 $ 52,462 $ 196,753