Quarterly report pursuant to Section 13 or 15(d)

Condensed Combined Statements of Cash Flows

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Condensed Combined Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net earnings (loss) $ (14,445) $ (22,241)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 953 986
Stock-based compensation 1,448 1,622
Share of (earnings) losses of affiliates (18,922) 70,278
(Gain) loss on dilution of investment in affiliate 32,138 1,724
Realized and unrealized (gains) losses on financial instruments, net (981) (45,005)
Deferred Income Tax Expense (Benefit) (8,380) (12,732)
Other, net 87 59
Changes in operating assets and liabilities:    
Current and other assets 3 8,302
Payables and other liabilities (1,502) (3,811)
Net cash provided (used) by operating activities (9,601) (818)
Cash flows from investing activities:    
Capital expended for property and equipment   (20)
Purchases of short term investments and other marketable securities   (77,685)
Sales of short term investments and other marketable securities   9,014
Other investing activities, net   253
Net cash provided (used) by investing activities   (68,438)
Cash flows from financing activities:    
Borrowings of debt   200,000
Proceeds (payments) from issuances of financial instruments 50,000  
Other financing activities, net 1,745 (683)
Net cash provided (used) by financing activities 51,745 199,317
Net increase in cash 42,144 130,061
Cash and cash equivalents, beginning of period 205,728 655,079
Cash and cash equivalents, end of period $ 247,872 $ 785,140