Redbox 2013 Annual Report Download - page 101

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92
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Year Ended December 31, 2012
(in thousands) Outerwall Inc.
Combined
Guarantor
Subsidiaries
Combined Non-
Guarantor
Subsidiaries
Eliminations
and
Consolidation
Reclassifications Total
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 247,906 $ 1,907,037 $ 44,941 $ — $ 2,199,884
Expenses:
Direct operating. . . . . . . . . . . . . . . . . . . . . . . . . . . . 137,092 1,334,227 45,838 (18,338) 1,498,819
Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,020 18,676 2,283 — 25,979
Research and development . . . . . . . . . . . . . . . . . . . 6,018 739 — — 6,757
General and administrative . . . . . . . . . . . . . . . . . . . 23,442 161,814 931 18,332 204,519
Depreciation and other . . . . . . . . . . . . . . . . . . . . . . 30,716 144,805 3,506 — 179,027
Amortization of intangible assets . . . . . . . . . . . . . . 2,346 3,032 — — 5,378
Total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 204,634 1,663,293 52,558 (6) 1,920,479
Operating income (loss) . . . . . . . . . . . . . . . . . . . . . . . . 43,272 243,744 (7,617) 6 279,405
Other income (expense), net:
Loss from equity method investments, net . . . . . . . (2,179) (3,005) — — (5,184)
Interest income (expense), net. . . . . . . . . . . . . . . . . (18,161) 2,554 (41) — (15,648)
Other, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98 (264) (8) (6) (180)
Total other income (expense), net . . . . . . . . . . . . . . . . . (20,242) (715) (49) (6) (21,012)
Income (loss) from continuing operations before
income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,030 243,029 (7,666) — 258,393
Income tax benefit (expense) . . . . . . . . . . . . . . . . . . . . (5,518) (93,734) 1,311 — (97,941)
Income (loss) from continuing operations. . . . . . . . . . . 17,512 149,295 (6,355) — $ 160,452
Loss from discontinued operations, net of tax . . . . . . . (8,609) (1,613) — — $ (10,222)
Equity in income (loss) of subsidiaries . . . . . . . . . . . . . 141,327 (6,355) — (134,972) —
Net income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150,230 141,327 (6,355) (134,972) 150,230
Foreign currency translation adjustment(1) . . . . . . . . . . (196) — 1,244 — 1,048
Comprehensive income (loss) . . . . . . . . . . . . . . . . . . . . $ 150,034 $ 141,327 $ (5,111) $ (134,972) $ 151,278
(1) Foreign currency translation adjustment had no tax effect in 2012.