Go Daddy 2015 Annual Report Download - page 58
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Table of Contents
Item 6. Selected Financial Data
You should read the following selected consolidated financial data in conjunction with "Management’s Discussion and Analysis of Financial Condition and
Results of Operations" and our consolidated financial statements and the related notes appearing in "Financial Statements and Supplementary Data."
In December 2011 , investment funds and entities affiliated with the Sponsors and other investors acquired a controlling interest in Desert Newco. We refer
to this transaction as the "Merger." Desert Newco was formed in contemplation of and survived the Merger, and as a result of the Merger, applied purchase
accounting and a new basis of accounting beginning on the date of the Merger. Our company is referred to as the "Predecessor" for all periods prior to the Merger
and is referred to as the "Successor" for all periods after the Merger.
We were incorporated in May 2014 and, pursuant to the organizational transactions described in Note 1 to our consolidated financial statements, became a
holding company whose principal asset is a controlling equity interest in Desert Newco. As the sole managing member of Desert Newco, we operate and control
the business and affairs of Desert Newco and its subsidiaries. Accordingly, we consolidate Desert Newco in our consolidated financial statements and report a non-
controlling interest related to the portion of Desert Newco not owned by us. Because the organizational transactions were considered transactions between entities
under common control, the financial statements for periods prior to the organizational transactions and the IPO have been adjusted to combine the previously
separate entities for presentation purposes.
The consolidated statements of operations data for the years ended December 31, 2015 , 2014 and 2013 and the consolidated balance sheet data as of
December 31, 2015 and 2014 are derived from our audited consolidated financial statements and the related notes appearing in "Financial Statements and
Supplementary Data." The consolidated statements of operations data for the year ended December 31, 2012 , the period from December 17, 2011 through
December 31, 2011 and January 1, 2011 through December 16, 2011 , and the consolidated balance sheet data as of December 31, 2013 , 2012 and 2011 are
derived from our audited consolidated financial statements not included in this Form 10-K. Our historical results are not necessarily indicative of the results to be
expected in any future period.
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