Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities:    
Consolidated net loss $ (13,485) $ (13,226)
Adjustments to reconcile consolidated net loss to net cash provided by (used in) operating activities:    
Fair value adjustments (455) (39)
Depreciation and amortization of intangibles 9,110 8,651
Inventory valuation adjustment 2,086 0
Interest expense added to term debt 0 3,786
Amortization of debt discount 136 301
Non-cash compensation 1,221 583
Amortization of deferred financing fees 91 54
Gain on derivatives (216) (582)
Bad debt expense 7 256
Changes in operating assets and liabilities:    
Accounts receivable 22,250 (2,324)
Inventories (61) (8,442)
Prepaid expenses and other assets (2,412) 5,439
Prepaid inventory 2,033 (35)
Accounts payable and accrued expenses (8,213) 416
Net cash provided by (used in) operating activities 12,092 (5,162)
Investing Activities:    
Additions to property and equipment (4,111) (4,966)
Net cash used in investing activities (4,111) (4,966)
Financing Activities:    
Net payments on Kinergy's line of credit (1,358) (5,031)
Principal payments on borrowings (1,000) (17,003)
Principal payments on capital leases (190) (1,028)
Proceeds from exercise of warrants 37 0
Debt issuance costs (14) 0
Preferred stock dividends paid (312) (315)
Net cash used in financing activities (2,837) (23,377)
Net increase (decrease) in cash and cash equivalents 5,144 (33,505)
Cash and cash equivalents at beginning of period 68,590 52,712
Cash and cash equivalents at end of period 73,734 19,207
Supplemental Information:    
Interest paid 2,403 2,070
Income taxes received $ 3 $ 4,534