| Schedule of Segment Reporting Information, by Segment |
Performance Measures (in thousands):
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
2013 |
|
2012 |
Revenue: |
|
|
|
Starz Networks |
$ |
315,836 |
|
|
$ |
324,200 |
|
Starz Distribution |
76,242 |
|
|
72,384 |
|
Starz Animation |
7,469 |
|
|
11,336 |
|
Inter-segment eliminations |
(230 |
) |
|
(2,956 |
) |
Total Revenue |
$ |
399,317 |
|
|
$ |
404,964 |
|
|
|
|
|
Adjusted OIBDA: |
|
|
|
Starz Networks |
$ |
114,382 |
|
|
$ |
115,876 |
|
Starz Distribution |
2,589 |
|
|
9,137 |
|
Starz Animation |
(561) |
|
|
37 |
|
Inter-segment eliminations |
120 |
|
|
1,790 |
|
Total Adjusted OIBDA |
$ |
116,530 |
|
|
$ |
126,840 |
|
Other Information (in thousands):
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
2013 |
|
2012 |
Cash paid for investment in films and television programs: |
|
|
|
Starz Networks |
$ |
33,610 |
|
|
$ |
27,695 |
|
Starz Distribution |
24,400 |
|
|
34,943 |
|
Starz Animation |
— |
|
|
— |
|
Inter-segment eliminations |
— |
|
|
— |
|
Total cash paid for investment in films and television programs |
$ |
58,010 |
|
|
$ |
62,638 |
|
|
|
|
|
|
March 31, |
|
December 31, |
|
2013 |
|
2012 |
Total assets: |
|
|
|
Starz Networks |
$ |
1,345,994 |
|
|
$ |
2,066,961 |
|
Starz Distribution |
129,804 |
|
|
118,134 |
|
Starz Animation |
2,529 |
|
|
3,225 |
|
Other unallocated assets (primarily cash, deferred taxes and other assets, including the Commercial Lease with LPH) |
83,044 |
|
|
33,850 |
|
Inter-segment eliminations |
(49,070 |
) |
|
(46,120 |
) |
Total assets |
$ |
1,512,301 |
|
|
$ |
2,176,050 |
|
|
| Reconciliation of Other Significant Reconciling Items from Segments to Consolidated |
The following table provides a reconciliation of Adjusted OIBDA to income before income taxes (in thousands):
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
2013 |
|
2012 |
Consolidated Adjusted OIBDA |
$ |
116,530 |
|
|
$ |
126,840 |
|
Stock compensation |
(7,254 |
) |
|
(2,582 |
) |
Depreciation and amortization |
(4,416 |
) |
|
(4,255 |
) |
Interest expense, net of amounts capitalized |
(10,228 |
) |
|
(4,881 |
) |
Other income (expense), net |
(1,485 |
) |
|
4,265 |
|
Income before income taxes |
$ |
93,147 |
|
|
$ |
119,387 |
|
|