Redbox 2014 Annual Report Download - page 80

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72
Income (Loss) from Equity Method Investments and Summarized Financial Information
Income (loss) from equity method investments within our Consolidated Statements of Comprehensive Income is composed of
the following:
Year Ended December 31,
Dollars in thousands 2014 2013 2012
Trademark gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ — $ 19,500
Gain on previously held equity interest in ecoATM. . . . . . . . . . . . . . — 68,376 —
Proportionate share of net loss of equity method investees:
Joint Venture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (25,793)(42,660)(20,236)
ecoATM and SoloHealth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (530)(3,313)(2,179)
Total proportionate share of net loss of equity method investees. . . . (26,323)(45,973)(22,415)
Amortization of difference in carrying amount and underlying
equity in Joint Venture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,411)(2,475)(2,269)
Total income (loss) from equity method investments. . . . . . $(28,734) $ 19,928 $ (5,184)
A summary of financial information for our equity method investees in the aggregate, as provided to us by the investees, is as
follows and includes the balance sheet as of and statement of operations through October 20, 2014, the date of our withdrawal
from the Joint Venture, and as of December 31, 2014 and the period ended December 31, 2014 for SoloHealth:
Balance Sheets October 20, December 31,
Dollars in thousands 2014(1) 2014(2) 2013
Current assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,095 $ 3,408 $ 32,832
Noncurrent assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,053 $ 20,376 $ 30,765
Current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 86,735 $ 7,321 $ 46,706
Long-term liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ 18,754 $ 23,905
Redeemable preferred stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ 23,734 $ 23,542
(1) Represents the Joint Venture only
(2) Represents SoloHealth only
Statement of Operations Year Ended December 31,
Dollars in thousands 2014 2013 2012
Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 29,963 $ 15,824 $ 2,067
Cost of sales and service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 68,732 $ 25,092 $ 10,716
Net loss and loss from continuing operations . . . . . . . . . . . . . . . . . . . $ 140,919 $ 134,911 $ 58,510
Related Party Transactions
At December 31, 2013, included within accounts receivable, net of allowance, on our Consolidated Balance Sheets, was
$5.9 million due from the Joint Venture related to costs incurred by Redbox on behalf of the Joint Venture during the normal
course of business. There were no amounts due as of December 31, 2014.