| Schedule of Segment Reporting Information, by Segment |
Performance Measures (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
2013 |
|
2012 |
|
2013 |
|
2012 |
Revenue: |
|
|
|
|
|
|
|
Starz Networks |
$ |
319,857 |
|
|
$ |
317,892 |
|
|
$ |
975,643 |
|
|
$ |
960,994 |
|
Starz Distribution |
117,592 |
|
|
75,015 |
|
|
365,708 |
|
|
223,646 |
|
Starz Animation |
8,704 |
|
|
10,130 |
|
|
22,820 |
|
|
31,567 |
|
Inter-segment eliminations |
(100 |
) |
|
(2,067 |
) |
|
(1,380 |
) |
|
(7,711 |
) |
Total Revenue |
$ |
446,053 |
|
|
$ |
400,970 |
|
|
$ |
1,362,791 |
|
|
$ |
1,208,496 |
|
|
|
|
|
|
|
|
|
Adjusted OIBDA: |
|
|
|
|
|
|
|
Starz Networks |
$ |
106,521 |
|
|
$ |
111,535 |
|
|
$ |
337,359 |
|
|
$ |
326,292 |
|
Starz Distribution |
7,405 |
|
|
(3,687 |
) |
|
24,528 |
|
|
14,829 |
|
Starz Animation |
(496 |
) |
|
(354 |
) |
|
(1,835 |
) |
|
(507) |
|
Inter-segment eliminations |
289 |
|
|
647 |
|
|
(296 |
) |
|
2,843 |
|
Total Adjusted OIBDA |
$ |
113,719 |
|
|
$ |
108,141 |
|
|
$ |
359,756 |
|
|
$ |
343,457 |
|
Other Information (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
2013 |
|
2012 |
|
2013 |
|
2012 |
Cash paid for investment in films and television programs: |
|
|
|
|
|
|
|
Starz Networks |
$ |
45,498 |
|
|
$ |
47,420 |
|
|
$ |
102,187 |
|
|
$ |
106,005 |
|
Starz Distribution |
64,630 |
|
|
18,446 |
|
|
115,287 |
|
|
88,983 |
|
Starz Animation |
— |
|
|
— |
|
|
— |
|
|
— |
|
Inter-segment eliminations |
— |
|
|
— |
|
|
— |
|
|
— |
|
Total cash paid for investment in films and television programs |
$ |
110,128 |
|
|
$ |
65,866 |
|
|
$ |
217,474 |
|
|
$ |
194,988 |
|
|
|
|
|
|
|
|
|
|
September 30,
2013 |
|
December 31,
2012 |
|
|
|
|
Total assets: |
|
|
|
|
|
|
|
Starz Networks |
$ |
1,270,816 |
|
|
$ |
2,066,961 |
|
|
|
|
|
Starz Distribution |
196,349 |
|
|
118,134 |
|
|
|
|
|
Starz Animation |
1,907 |
|
|
3,225 |
|
|
|
|
|
Other unallocated assets (primarily cash, deferred taxes and other assets, including the Commercial Lease with LPH) |
81,069 |
|
|
33,850 |
|
|
|
|
|
Inter-segment eliminations |
(56,836 |
) |
|
(46,120 |
) |
|
|
|
|
Total assets |
$ |
1,493,305 |
|
|
$ |
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 September 30, |
|
Nine Months Ended September 30, |
|
2013 |
|
2012 |
|
2013 |
|
2012 |
Consolidated Adjusted OIBDA |
$ |
113,719 |
|
|
$ |
108,141 |
|
|
$ |
359,756 |
|
|
$ |
343,457 |
|
Stock compensation |
(8,815 |
) |
|
(3,653 |
) |
|
(25,127 |
) |
|
(9,888 |
) |
Depreciation and amortization |
(4,148 |
) |
|
(4,980 |
) |
|
(12,917 |
) |
|
(13,787 |
) |
Interest expense, net of amounts capitalized |
(11,655 |
) |
|
(9,475 |
) |
|
(33,214 |
) |
|
(18,805 |
) |
Other income (expense), net |
195 |
|
|
(487 |
) |
|
(1,798 |
) |
|
3,680 |
|
Income before income taxes |
$ |
89,296 |
|
|
$ |
89,546 |
|
|
$ |
286,700 |
|
|
$ |
304,657 |
|
|