Quarterly report pursuant to Section 13 or 15(d)

Information about Operating Segments (Tables)

v2.4.0.8
Information about Operating Segments (Tables)
 6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Reconciliation of Adjusted OIBDA to income before income taxes
The following table provides a reconciliation of Adjusted OIBDA to income before income taxes (in millions):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Consolidated Adjusted OIBDA
$
117.4

 
$
129.6

 
$
243.6

 
$
246.1

Stock compensation
(7.5
)
 
(9.0
)
 
(15.3
)
 
(16.3
)
Depreciation and amortization
(5.1
)
 
(4.4
)
 
(10.0
)
 
(8.8
)
Interest expense, net of amounts capitalized
(11.8
)
 
(11.4
)
 
(23.3
)
 
(21.6
)
Other income (expense), net
11.0

 
(0.5
)
 
11.5

 
(2.0
)
Income before income taxes
$
104.0

 
$
104.3

 
$
206.5

 
$
197.4

Schedule of Segment Reporting Information, by Segment
Performance Measures (in millions):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Revenue:
 
 
 
 
 
 
 
Starz Networks
$
328.2

 
$
340.0

 
$
652.2

 
$
655.8

Starz Distribution
75.1

 
172.0

 
162.4

 
248.2

Starz Animation
7.2

 
6.6

 
16.1

 
14.1

Inter-segment eliminations
(0.4
)
 
(1.1
)
 
(0.6
)
 
(1.3
)
Total revenue
$
410.1

 
$
517.5

 
$
830.1

 
$
916.8

 
 
 
 
 
 
 
 
Adjusted OIBDA:
 
 
 
 
 
 
 
Starz Networks
$
121.8

 
$
116.4

 
$
235.8

 
$
230.8

Starz Distribution
(3.8
)
 
14.6

 
8.9

 
17.2

Starz Animation
(0.8
)
 
(0.7
)
 
(1.4
)
 
(1.3
)
Inter-segment eliminations
0.2

 
(0.7
)
 
0.3

 
(0.6
)
Total Adjusted OIBDA
$
117.4

 
$
129.6

 
$
243.6

 
$
246.1


Other Information (in millions):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Cash paid for investment in films and television programs:
 
 
 
 
 
 
 
Starz Networks
$
60.1

 
$
21.8

 
$
115.6

 
$
51.0

Starz Distribution
40.9

 
26.2

 
64.9

 
50.6

Starz Animation
—

 
—

 
—

 
—

Inter-segment eliminations
—

 
—

 
—

 
—

Total cash paid for investment in films and television programs
$
101.0

 
$
48.0

 
$
180.5

 
$
101.6

 
 
 
 
 
 
 
 
 
 
 
 
 
June 30,
2014
 
December 31,
2013
Total assets:
 
 
 
Starz Networks
$
1,298.5

 
$
1,197.7

Starz Distribution
146.2

 
188.8

Starz Animation
3.1

 
2.8

Other unallocated assets (primarily cash, deferred taxes and other assets, including a commercial lease with subsidiary of Liberty Media)
86.0

 
99.2

Inter-segment eliminations
(49.2
)
 
(38.5
)
Total assets
$
1,484.6

 
$
1,450.0