Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Unaudited)

v2.4.0.8
Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)

The unaudited quarterly financial information for the years ended December 31, 2013 and 2012 is as follows (in thousands):

 
1st
 
2nd
 
3rd
 
4th
 
Quarter
 
Quarter
 
Quarter
 
Quarter
2013:
 
 
 
 
 
 
 
Revenue
$
399,317

 
$
517,421

 
$
446,053

 
$
414,731

Operating income
$
104,860

 
$
116,096

 
$
100,756

 
$
103,509

Net income
$
58,203

 
$
66,035

 
$
53,086

 
$
72,476

Net income attributable to stockholders
$
57,865

 
$
63,887

 
$
52,244

 
$
73,343

Basic net income per common share
$
0.48

 
$
0.54

 
$
0.46

 
$
0.66

Diluted net income per common share
$
0.47

 
$
0.52

 
$
0.43

 
$
0.62

 
 
 
 
 
 
 
 
2012:
 
 
 
 
 
 
 
Revenue
$
404,964

 
$
402,562

 
$
400,970

 
$
422,200

Operating income
$
120,003

 
$
100,271

 
$
99,508

 
$
85,622

Net income
$
79,195

 
$
69,608

 
$
55,282

 
$
48,189

Net income attributable to member
$
77,782

 
$
68,725

 
$
56,424

 
$
51,553

Basic net income per common share
$
0.65

 
$
0.57

 
$
0.47

 
$
0.43

Diluted net income per common share
$
0.65

 
$
0.57

 
$
0.47

 
$
0.43



As previously discussed in Note 12, the Ontario government released Starz Entertainment from the NGOJF guarantee in December 2013 due to completion of the project in September 2013. During the 4th quarter of 2013, Starz recognized income in other income (expense), net of $11.1 million as a result of this release.

As discussed in Note 4 – Investment in Films and Television Programs, Net, due to changes in ultimate revenue estimates, Starz Distribution recognized impairments of investment in films and television programs totaling $2.6 million and $17.2 million for the years ended December 31, 2013 and 2012, respectively, all of which were recognized in the 4th quarter of each year.