Go Daddy 2015 Annual Report Download - page 117

Table of Contents
GoDaddy Inc.
Notes to Consolidated Financial Statements
(In millions, except share amounts which are reflected in thousands and per share amounts)
We received consulting services from an affiliate of KKR. We paid $0.1 million and $3.1 million under this arrangement during 2014 and 2013 ,
respectively. We did not receive any consulting services during 2015 .
Desert Newco pays tax distributions to its owners, including the Sponsors. See Note 12 for details of the amounts paid and payable to the Sponsors.
Bob Parsons and Holdings
On December 16, 2011 , we entered into a services agreement with Bob Parsons pursuant to which we were obligated to provide customary benefits and to
reimburse up to $0.5 million of business expenses annually. In April 2015 , we paid $3.0 million upon the termination of this agreement following the completion
of the IPO, which was charged to general and administrative expenses. Following this payment, we have no further obligations under this agreement. We made no
other material payments under this arrangement during any of the periods presented.
Holdings participated as a lender under our Credit Facility until March 2013 and we also paid interest to Holdings under the Senior Note prior to its
repayment in April 2015. Payments made to Holdings under these arrangements, other than those associated with the repayment of the Senior Note described in
Note 9 , were as follows:
Year Ended December 31,
2015
2014
2013
Interest on the Senior Note $ 9.2
$ 27.0
$ 27.0
Principal payments under the Credit Facility —
—
49.5
Interest and other fees under the Credit Facility —
—
0.5
Holdings has indemnified us for certain taxes related to periods prior to December 16, 2011 and we have agreed to provide customary indemnification to Bob
Parsons related to his service to us.
Desert Newco pays tax distributions to its owners, including Holdings. See Note 12 for details of the amounts paid and payable to Holdings.
Other
In the ordinary course of business, we purchase and lease computer equipment, technology licensing and software maintenance and support from affiliates of
Dell Inc. (Dell). Silver Lake and its affiliates have a material ownership interest in Dell. During 2015 , 2014 , and 2013 , we paid $17.5 million , $16.1 million and
$19.1 million , respectively, to Dell.
Note 16. Selected Quarterly Financial Data (Unaudited)
The following table contains selected unaudited consolidated statement of operations information for each quarter of 2015 and 2014. The following
information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any
quarter are not necessarily indicative of results for any future period. Our unaudited quarterly results were as follows:
Three Months Ended
Dec. 31, 2015
Sept. 30,
2015
Jun. 30, 2015
Mar. 31,
2015
Dec. 31,
2014
Sept. 30,
2014
Jun. 30,
2014
Mar. 31,
2014
Total revenue $ 425.4
$ 411.1
$ 394.5
$ 376.3
$ 371.7
$ 356.9
$ 338.5
$ 320.2
Operating income (loss) $ 12.8
$ 10.3
$ (33.6)
$ (20.5)
$ (2.7)
$ (6.6)
$ (18.5)
$ (34.1)
Net loss $ (0.5)
$ (5.2)
$ (71.3)
$ (43.4)
$ (26.8)
$ (27.6)
$ (37.6)
$ (51.3)
Net income (loss) attributable to
GoDaddy Inc. $ 0.1
$ (2.5)
$ (29.8)
$ (43.4)
$ (26.8)
$ (27.6)
$ (37.6)
$ (51.3)
Net income (loss) per share of
Class A common stock—basic
and diluted $ 0.00
$ (0.04)
$ (0.46)
$ (0.34)
$ (0.21)
$ (0.21)
$ (0.29)
$ (0.40)
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