Redbox 2014 Annual Report Download - page 106

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98
CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Year Ended December 31, 2014
(in thousands) Outerwall Inc.
Combined
Guarantor
Subsidiaries
Combined Non-
Guarantor
Subsidiaries
Eliminations
and
Consolidation
Reclassifications Total
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 266,848 $ 1,975,905 $ 60,250 $ — $ 2,303,003
Expenses:
Direct operating . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142,472 1,415,542 43,734 — 1,601,748
Marketing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,227 27,631 3,382 — 38,240
Research and development . . . . . . . . . . . . . . . . . . . 3,456 9,591 — — 13,047
General and administrative . . . . . . . . . . . . . . . . . . . 39,435 150,480 1,806 — 191,721
Depreciation and other. . . . . . . . . . . . . . . . . . . . . . . 35,155 150,904 9,119 — 195,178
Amortization of intangible assets. . . . . . . . . . . . . . . 1,433 13,259 — — 14,692
Total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 229,178 1,767,407 58,041 — 2,054,626
Operating income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,670 208,498 2,209 — 248,377
Other income (expense), net:
Loss from equity method investments, net . . . . . . . (530) (28,204) — — (28,734)
Interest income (expense), net . . . . . . . . . . . . . . . . . (48,007) 572 (201) — (47,636)
Other, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,077 2,707 (21,657) — (4,873)
Total other income (expense), net . . . . . . . . . . . . . . . . . (34,460) (24,925) (21,858) — (81,243)
Income (loss) from continuing operations before
income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,210 183,573 (19,649) — 167,134
Income tax benefit (expense). . . . . . . . . . . . . . . . . . . . . (618) (64,401) 5,271 — (59,748)
Income (loss) from continuing operations . . . . . . . . . . . 2,592 119,172 (14,378) — 107,386
Loss from discontinued operations, net of tax. . . . . . . . (803) 35 — — (768)
Equity in income (loss) of subsidiaries . . . . . . . . . . . . . 104,829 (14,378) — (90,451) —
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106,618 104,829 (14,378) (90,451) 106,618
Foreign currency translation adjustment(1). . . . . . . . . . . 368 — 89 — 457
Comprehensive income (loss) . . . . . . . . . . . . . . . . . . . . $ 106,986 $ 104,829 $ (14,289) $ (90,451) $ 107,075
(1) Foreign currency translation adjustment had no tax effect in 2014.