Quarterly report pursuant to Section 13 or 15(d)

Information about Operating Segments (Tables)

v3.5.0.2
Information about Operating Segments (Tables)
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Reconciliation of Adjusted OIBDA to income before income taxes
The reconciliation of Adjusted OIBDA to income before income taxes was as follows (in millions):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Consolidated Adjusted OIBDA
$
89.9

 
$
114.7

 
$
344.4

 
$
393.6

Stock compensation
(8.1
)
 
(8.1
)
 
(23.7
)
 
(24.5
)
Merger related
(2.1
)
 
—

 
(11.6
)
 
—

Depreciation and amortization
(5.7
)
 
(4.8
)
 
(15.6
)
 
(14.3
)
Interest expense, net of amounts capitalized
(11.7
)
 
(11.5
)
 
(35.1
)
 
(34.0
)
Other expense, net
(3.7
)
 
(4.5
)
 
(10.0
)
 
(8.8
)
Income before income taxes
$
58.6

 
$
85.8

 
$
248.4

 
$
312.0

Schedule of Segment Reporting Information, by Segment
Performance Measures (in millions):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Revenue:
 
 
 
 
 
 
 
Starz Networks
$
348.6

 
$
329.3

 
$
1,031.6

 
$
996.6

Starz Distribution
60.9

 
65.6

 
213.6

 
253.7

Starz Animation
—

 
9.3

 
—

 
23.1

Inter-segment eliminations
(1.7
)
 
(0.1
)
 
(2.9
)
 
(0.9
)
 
$
407.8

 
$
404.1

 
$
1,242.3

 
$
1,272.5

 
 
 
 
 
 
 
 
Adjusted OIBDA:
 
 
 
 
 
 
 
Starz Networks
$
92.9

 
$
113.1

 
$
341.8

 
$
365.0

Starz Distribution
(1.7
)
 
1.8

 
4.3

 
30.2

Starz Animation
—

 
(0.1
)
 
—

 
(1.4
)
Inter-segment eliminations
(1.3
)
 
(0.1
)
 
(1.7
)
 
(0.2
)
 
$
89.9

 
$
114.7

 
$
344.4

 
$
393.6


Other Information (in millions):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Cash paid for investment in films and television programs:
 
 
 
 
 
 
 
Starz Networks
$
76.3

 
$
48.6

 
$
218.9

 
$
188.9

Starz Distribution
26.2

 
2.8

 
44.1

 
96.1

Starz Animation
—

 
—

 
—

 
—

Inter-segment eliminations
—

 
—

 
—

 
—

 
$
102.5

 
$
51.4

 
$
263.0

 
$
285.0

 
 
 
 
 
 
 
 
 
 
 
 
 
September 30,
2016
 
December 31,
2015
Total assets:
 
 
 
 
 
 
 
Starz Networks
 
 
 
 
$
1,437.0

 
$
1,365.9

Starz Distribution
 
 
 
 
155.4

 
166.8

Starz Animation
 
 
 
 
—

 
—

Other unallocated assets (primarily cash, deferred taxes and other assets, including income taxes receivable and the commercial lease for Starz’s corporate headquarters facility)
 
84.2

 
109.7

Inter-segment eliminations
 
 
 
 
(101.0
)
 
(78.2
)
 
 
 
 
 
$
1,575.6

 
$
1,564.2