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DREAMWORKS ANIMATION SKG, INC. SEGMENT REVENUES AND GROSS PROFIT RECONCILIATION (Unaudited) | ||||||||||||||||
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Three Months Ended |
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Year Ended | ||||||||||||
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December 31, |
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December 31, | ||||||||||||
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2015 |
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2014 |
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2015 |
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2014 | ||||||||
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(in thousands) | ||||||||||||||
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Revenues |
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Feature Films |
$ |
146,397 |
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$ |
131,343 |
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$ |
520,102 |
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$ |
453,475 |
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Television Series and Specials |
104,889 |
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|
50,721 |
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228,132 |
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|
102,962 |
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Consumer Products |
31,740 |
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|
22,094 |
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86,501 |
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64,817 |
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New Media |
32,940 |
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24,914 |
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72,774 |
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49,028 |
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All Other |
3,369 |
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5,172 |
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8,354 |
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14,341 |
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Total consolidated revenues |
$ |
319,335 |
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$ |
234,244 |
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$ |
915,863 |
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$ |
684,623 |
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Segment gross profit (loss)(1) |
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Feature Films |
$ |
63,501 |
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$ |
(152,171) |
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$ |
190,517 |
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$ |
(89,401) |
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Television Series and Specials |
46,611 |
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(2,581) |
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84,523 |
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|
6,667 |
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Consumer Products |
5,745 |
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6,101 |
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29,863 |
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23,697 |
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New Media |
20,637 |
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13,165 |
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41,102 |
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17,905 |
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All Other |
2,676 |
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(3,964) |
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5,947 |
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(4,980) |
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Total segment gross profit (loss) |
$ |
139,170 |
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$ |
(139,450) |
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$ |
351,952 |
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$ |
(46,112) |
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Reconciliation to consolidated income (loss) before income taxes: |
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Selling and marketing expenses (2) |
873 |
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4,603 |
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6,015 |
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11,630 |
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General and administrative expenses |
89,740 |
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108,620 |
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332,736 |
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262,013 |
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Product development expenses |
1,195 |
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3,632 |
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4,655 |
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5,217 |
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Change in fair value of contingent consideration |
— |
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(6,825) |
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— |
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(16,500) |
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Other operating income |
(3,037) |
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(1,767) |
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(7,893) |
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(8,429) |
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Non-operating expenses (income), net |
1,909 |
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(231,124) |
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50,657 |
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(227,634) |
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Loss from equity method investees |
5,868 |
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|
5,869 |
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15,491 |
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13,808 |
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Total consolidated income (loss) before income taxes |
$ |
42,622 |
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$ |
(22,458) |
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$ |
(49,709) |
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$ |
(86,217) |
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(1) |
The Company defines segment gross profit as segment revenues less segment costs of revenues (which is comprised of costs of revenues and certain costs classified as a component of "selling and marketing" in its statements of operations). |
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(2) |
Represents certain selling and marketing expenses that are not included as a component of segment gross profit due to the general nature of such expenses. |
