Redbox 2015 Annual Report Download - page 107

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CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Year Ended December 31, 2015
(in thousands) Outerwall Inc.
Combined
Guarantor
Subsidiaries
Combined Non-
Guarantor
Subsidiaries
Eliminations
and
Consolidation
Reclassifications Total
Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 271,430 $ 1,874,457 $ 47,324 $ — $ 2,193,211
Expenses:
Direct operating . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 143,429 1,328,269 21,390 — 1,493,088
Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,485 28,916 273 — 35,674
Research and development . . . . . . . . . . . . . . . . . . . . . . (83) 7,281 — — 7,198
General and administrative . . . . . . . . . . . . . . . . . . . . . . 47,699 142,012 682 — 190,393
Restructuring and related costs . . . . . . . . . . . . . . . . . . . 2,926 24,227 — — 27,153
Depreciation and other . . . . . . . . . . . . . . . . . . . . . . . . . 32,643 134,522 4,225 — 171,390
Amortization of intangible assets . . . . . . . . . . . . . . . . . 14 13,536 — — 13,550
Goodwill impairment . . . . . . . . . . . . . . . . . . . . . . . . . . — 85,890 — — 85,890
Total expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 233,113 1,764,653 26,570 — 2,024,336
Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38,317 109,804 20,754 — 168,875
Other income (expense), net:
Loss from equity method investments, net . . . . . . . . . . (800) — — — (800)
Interest income (expense) . . . . . . . . . . . . . . . . . . . . . . . 30,177 (72,164) (366) — (42,353)
Other, net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,273 1,354 (19,284) — (2,657)
Total other income (expense), net. . . . . . . . . . . . . . . . . . . . 44,650 (70,810) (19,650) — (45,810)
Income from continuing operations before income taxes. . 82,967 38,994 1,104 — 123,065
Income tax expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (31,603) (41,785) (231) — (73,619)
Income (loss) from continuing operations . . . . . . . . . . . . . 51,364 (2,791) 873 — 49,446
Income (loss) from discontinued operations, net of tax . . . 640 (28,068) 22,319 — (5,109)
Equity in income (loss) of subsidiaries. . . . . . . . . . . . . . . . (7,667) 23,192 — (15,525) —
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,337 (7,667) 23,192 (15,525) 44,337
Foreign currency translation adjustment(1) . . . . . . . . . . . . . (31) — 715 — 684
Comprehensive income (loss). . . . . . . . . . . . . . . . . . . . . . . $ 44,306 $ (7,667) $ 23,907 $ (15,525) $ 45,021
(1) Foreign currency translation adjustment had no tax effect in 2015.
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