| Schedule of Segment Reporting Information, by Segment |
Performance Measures (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years Ended December 31, |
|
2013 |
|
2012 |
|
2011 |
Revenue: |
|
|
|
|
|
Starz Networks |
$ |
1,297,688 |
|
|
$ |
1,276,815 |
|
|
$ |
1,269,924 |
|
Starz Distribution |
449,539 |
|
|
320,671 |
|
|
310,927 |
|
Starz Animation |
32,450 |
|
|
42,436 |
|
|
45,273 |
|
Inter-segment eliminations |
(2,155 |
) |
|
(9,226 |
) |
|
(12,091 |
) |
Total Revenue |
$ |
1,777,522 |
|
|
$ |
1,630,696 |
|
|
$ |
1,614,033 |
|
|
|
|
|
|
|
Adjusted OIBDA: |
|
|
|
|
|
Starz Networks |
$ |
456,163 |
|
|
$ |
447,368 |
|
|
$ |
427,689 |
|
Starz Distribution |
24,039 |
|
|
(4,926 |
) |
|
4,567 |
|
Starz Animation |
(2,598 |
) |
|
(932 |
) |
|
(850 |
) |
Inter-segment eliminations |
(661 |
) |
|
3,322 |
|
|
18,182 |
|
Total Adjusted OIBDA |
$ |
476,943 |
|
|
$ |
444,832 |
|
|
$ |
449,588 |
|
Other Information (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years Ended December 31, |
|
2013 |
|
2012 |
|
2011 |
Cash paid for investment in films and television programs: |
|
|
|
|
|
Starz Networks |
$ |
125,160 |
|
|
$ |
161,117 |
|
|
$ |
129,799 |
|
Starz Distribution |
177,308 |
|
|
108,954 |
|
|
67,619 |
|
Starz Animation |
— |
|
|
— |
|
|
— |
|
Inter-segment eliminations |
— |
|
|
— |
|
|
— |
|
Total cash paid for investment in films and television programs |
$ |
302,468 |
|
|
$ |
270,071 |
|
|
$ |
197,418 |
|
|
|
|
|
|
|
|
December 31, |
|
|
|
2013 |
|
2012 |
|
|
Total assets: |
|
|
|
|
|
Starz Networks |
$ |
1,197,744 |
|
|
$ |
2,066,961 |
|
|
|
Starz Distribution |
188,842 |
|
|
118,134 |
|
|
|
Starz Animation |
2,778 |
|
|
3,225 |
|
|
|
Other unallocated assets (primarily cash, deferred taxes and other assets, including income tax receivables and the Commercial Lease with LPH) |
99,155 |
|
|
33,850 |
|
|
|
Inter-segment eliminations |
(38,521 |
) |
|
(46,120 |
) |
|
|
Total assets |
$ |
1,449,998 |
|
|
$ |
2,176,050 |
|
|
|
|
| Reconciliation of Other Significant Reconciling Items from Segments to Consolidated |
The following table provides a reconciliation of Adjusted OIBDA to income from continuing operations before income taxes (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years Ended December 31, |
|
2013 |
|
2012 |
|
2011 |
Consolidated Adjusted OIBDA |
$ |
476,943 |
|
|
$ |
444,832 |
|
|
$ |
449,588 |
|
Stock compensation |
(34,296 |
) |
|
(20,022 |
) |
|
(7,078 |
) |
Depreciation and amortization |
(17,426 |
) |
|
(19,406 |
) |
|
(17,907 |
) |
Interest expense, net of amounts capitalized |
(44,994 |
) |
|
(25,688 |
) |
|
(5,012 |
) |
Other income (expense), net |
8,953 |
|
|
3,023 |
|
|
(3,505 |
) |
Income from continuing operations before income taxes |
$ |
389,180 |
|
|
$ |
382,739 |
|
|
$ |
416,086 |
|
|