Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.4.0.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities:    
Consolidated net loss $ (13,226) $ (4,509)
Adjustments to reconcile consolidated net loss to net cash provided by (used in) operating activities:    
Fair value adjustments (39) 173
Depreciation and amortization of intangibles 8,651 $ 3,409
Interest expense added to term debt 3,786
Amortization of debt discount 301 $ 44
Non-cash compensation 583 506
Amortization of deferred financing fees 54 60
Loss (gain) on derivatives (582) $ 189
Bad debt expense 256
Changes in operating assets and liabilities:    
Accounts receivable (2,324) $ 7,270
Inventories (8,442) 709
Prepaid expenses and other assets 5,439 (2,857)
Prepaid inventory (35) 3,164
Accounts payable and accrued expenses 416 (832)
Net cash provided by (used in) operating activities (5,162) 7,326
Investing Activities:    
Additions to property and equipment (4,966) (8,178)
Net cash used in investing activities (4,966) (8,178)
Financing Activities:    
Net payments on Kinergy's line of credit (5,031) $ (17,530)
Principal payments on borrowings (17,003)
Principal payments on capital leases $ (1,028) $ (1,307)
Proceeds from exercise of warrants 191
Preferred stock dividends paid $ (315) (312)
Net cash used in financing activities (23,377) (18,958)
Net decrease in cash and cash equivalents (33,505) (19,810)
Cash and cash equivalents at beginning of period 52,712 62,084
Cash and cash equivalents at end of period 19,207 42,274
Supplemental Information:    
Interest paid 2,070 $ 969
Income taxes received $ 4,534