HUGHES Telematics, Inc.

CIK:0001410240|SEC Filings

Comprehensive Loss	3 Months Ended
Comprehensive Loss	Mar. 31, 2012
Comprehensive Loss [Abstract]
Comprehensive Income Note [Text Block]	Comprehensive Loss Comprehensive loss is defined as the change in equity during a period from transactions and other events and circumstances from nonowner sources. Our comprehensive loss for each of the three months ended March 31, 2012 and 2011 equaled our net loss.

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Net loss	$ (15,620)	$ (22,719)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	3,009	3,528
Interest expense on long-term debt and capital leases	909	1,246
Amortization of debt issuance costs and discounts on long-term debt	1,537	1,750
Share-based compensation expense	823	840
Non-cash services contributed to consolidated subsidary by non-controlling interests	0	544
Loss on disposal of assets	4	8
Changes in assets and liabilities:
Accounts receivable, net	(724)	5,619
Prepaid expenses and other assets	(1,509)	467
Accounts payable and accrued and other liabilities	1,516	2,098
Deferred revenue	1,562	7,742
Net cash (used in) provided by operating activities	(8,493)	1,123
Cash flows from investing activities:
Purchases of short-term investments	(10,775)	(1,111)
Maturities of short-term investments	1,961	2,263
Purchases of property and equipment	(548)	(434)
Increase in capitalized software	(1,844)	(876)
Proceeds from disposal of assets	0	105
Decrease in restricted cash	0	42
Net cash used in investing activities	(11,206)	(11)
Cash flows from financing activities:
Proceeds from the issuance of common stock, net of costs	0	4,669
Proceeds from the issuance of long-term debt	0	5,000
Repayment of long-term debt	(2,777)	(105)
Repayment of capital lease obligations	(266)	(122)
Payment of debt issuance costs	0	(147)
Net cash (used in) provided by financing activities	(3,043)	9,295
Net (decrease) increase in cash and cash equivalents	(22,742)	10,407
Cash and cash equivalents, beginning of period	33,977	14,596
Cash and cash equivalents, end of period	11,235	25,003
Intangible assets and capitalized software costs contributed to consolidated subsidiary by non-controlling interests	$ 0	$ 739

Consolidated Balance Sheets Statement (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 11,235	$ 33,977
Short-term investments	13,151	4,337
Accounts receivable, net	7,525	6,801
Prepaid expenses	1,418	1,943
Debt issuance costs	2,411	0
Other current assets	4,483	3,546
Total current assets	40,223	50,604
Restricted cash	1,258	1,258
Property and equipment, net	19,925	21,164
Capitalized software, net	21,356	20,548
Intangible assets, net	10,093	10,283
Goodwill	5,169	5,169
Debt issuance costs	0	2,997
Other assets	12,161	11,064
Total assets	110,185	123,087
Current liabilities:
Accounts payable	9,056	9,770
Accrued liabilities	27,729	25,520
Deferred revenue	27,570	25,224
Current portion of capital lease obligations	65	314
Current portion of long-term debt	89,153	2,777
Other current liabilities	468	400
Total current liabilities	154,041	64,005
Long-term debt, net of current portion	25,712	113,005
Capital lease obligations	71	88
Long-term deferred revenue	30,897	31,681
Other liabilities	1,092	1,138
Total liabilities	211,813	209,917
Commitments and contingencies (Note 11)
Stockholders' deficit:
Preferred stock, $0.0001 par value. Authorized 10,000,000 shares, no shares issued and outstanding at March 31, 2012 and December 31, 2011	0	0
Common stock, $0.0001 par value. Authorized 155,000,000 shares; issued and outstanding 105,895,928 shares at March 31, 2012 and December 31, 2011	11	11
Additional paid-in capital	428,436	427,614
Accumulated deficit	(541,004)	(526,654)
Total HUGHES Telematics, Inc. stockholders' deficit	(112,557)	(99,029)
Non-controlling interests in consolidated subsidiary	10,929	12,199
Total stockholders' deficit	(101,628)	(86,830)
Total liabilities and stockholders' deficit	$ 110,185	$ 123,087