Redbox 2013 Annual Report Download - page 100

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91
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Year Ended December 31, 2013
(in thousands) Outerwall Inc.
Combined
Guarantor
Subsidiaries
Combined Non-
Guarantor
Subsidiaries
Eliminations
and
Consolidation
Reclassifications Total
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 255,251 $ 1,999,539 $ 51,811 $ — $ 2,306,601
Expenses:
Direct operating. . . . . . . . . . . . . . . . . . . . . . . . . . . . 138,859 1,394,932 54,433 (12,947) 1,575,277
Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,540 23,269 2,593 — 32,402
Research and development . . . . . . . . . . . . . . . . . . . 8,973 4,111 — — 13,084
General and administrative . . . . . . . . . . . . . . . . . . . 33,747 171,505 3,569 12,955 221,776
Depreciation and other . . . . . . . . . . . . . . . . . . . . . . 28,101 158,801 5,259 — 192,161
Amortization of intangible assets . . . . . . . . . . . . . . 2,245 8,688 — — 10,933
Total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 218,465 1,761,306 65,854 8 2,045,633
Operating income (loss) . . . . . . . . . . . . . . . . . . . . . . . . 36,786 238,233 (14,043) (8) 260,968
Other income (expense), net:
Income (loss) from equity method investments,
net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65,063 (45,135) — — 19,928
Interest expense, net . . . . . . . . . . . . . . . . . . . . . . . . (32,930) 257 (128) — (32,801)
Other, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,868) 258 (1,925) 8 (5,527)
Total other income (expense), net . . . . . . . . . . . . . . . . . 28,265 (44,620) (2,053) 8 (18,400)
Income (loss) from continuing operations before
income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65,051 193,613 (16,096) — 242,568
Income tax benefit (expense) . . . . . . . . . . . . . . . . . . . . 30,893 (70,429) 5,059 — (34,477)
Income from continuing operations . . . . . . . . . . . . . . . 95,944 123,184 (11,037) — 208,091
Loss from discontinued operations, net of tax . . . . . . . (30,834) (2,465) — — (33,299)
Equity in income (loss) of subsidiaries . . . . . . . . . . . . . 109,682 (11,037) — (98,645) —
Net Income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 174,792 109,682 (11,037) (98,645) 174,792
Foreign currency translation adjustment(1) . . . . . . . . . . (105) — 961 — 856
Comprehensive income (loss) . . . . . . . . . . . . . . . . . . . . $ 174,687 $ 109,682 $ (10,076) $ (98,645) $ 175,648
(1) Foreign currency translation adjustment had no tax effect in 2013.