Quarterly report pursuant to Section 13 or 15(d)

Information about Operating Segments (Tables)

v3.3.0.814
Information about Operating Segments (Tables)
 9 Months Ended
Sep. 30, 2015
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 September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Consolidated Adjusted OIBDA
$
114.7

 
$
109.8

 
$
393.6

 
$
353.4

Stock compensation
(8.1
)
 
(7.6
)
 
(24.5
)
 
(22.9
)
Depreciation and amortization
(4.8
)
 
(4.9
)
 
(14.3
)
 
(14.9
)
Interest expense, net of amounts capitalized
(11.5
)
 
(11.4
)
 
(34.0
)
 
(34.7
)
Other income (expense), net
(4.5
)
 
(1.5
)
 
(8.8
)
 
10.0

Income before income taxes
$
85.8

 
$
84.4

 
$
312.0

 
$
290.9

Schedule of Segment Reporting Information, by Segment
Performance Measures (in millions):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Revenue:
 
 
 
 
 
 
 
Starz Networks
$
329.3

 
$
327.2

 
$
996.6

 
$
979.4

Starz Distribution
65.6

 
73.5

 
253.7

 
235.9

Starz Animation
9.3

 
7.9

 
23.1

 
24.0

Inter-segment eliminations
(0.1
)
 
(0.4
)
 
(0.9
)
 
(1.0
)
Total revenue
$
404.1

 
$
408.2

 
$
1,272.5

 
$
1,238.3

 
 
 
 
 
 
 
 
Adjusted OIBDA:
 
 
 
 
 
 
 
Starz Networks
$
113.1

 
$
109.9

 
$
365.0

 
$
345.7

Starz Distribution
1.8

 
0.6

 
30.2

 
9.5

Starz Animation
(0.1
)
 
(0.7
)
 
(1.4
)
 
(2.1
)
Inter-segment eliminations
(0.1
)
 
—

 
(0.2
)
 
0.3

Total Adjusted OIBDA
$
114.7

 
$
109.8

 
$
393.6

 
$
353.4


Other Information (in millions):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Cash paid for investment in films and television programs:
 
 
 
 
 
 
 
Starz Networks
$
48.6

 
$
57.5

 
$
188.9

 
$
173.1

Starz Distribution
2.8

 
29.4

 
96.1

 
94.3

Starz Animation
—

 
—

 
—

 
—

Inter-segment eliminations
—

 
—

 
—

 
—

Total cash paid for investment in films and television programs
$
51.4

 
$
86.9

 
$
285.0

 
$
267.4

 
 
 
 
 
 
 
 
 
 
 
 
 
September 30,
2015
 
December 31,
2014
Total assets:
 
 
 
 
Starz Networks
 
$
1,491.3

 
$
1,357.4

Starz Distribution
 
173.6

 
174.1

Starz Animation
 
2.7

 
2.4

Other unallocated assets (primarily cash, deferred taxes and other assets, including a commercial lease for Starz’s corporate headquarters facility)
 
99.0

 
101.9

Inter-segment eliminations
 
(150.1
)
 
(62.6
)
Total assets
 
$
1,616.5

 
$
1,573.2