Redbox 2015 Annual Report Download - page 108

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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 $ 48,833 $ — $ 2,291,586
Expenses:
Direct operating . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142,472 1,415,132 23,707 — 1,581,311
Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,227 27,631 435 — 35,293
Research and development . . . . . . . . . . . . . . . . . . . . . . 3,456 9,591 — — 13,047
General and administrative . . . . . . . . . . . . . . . . . . . . . . 39,412 150,211 873 — 190,496
Restructuring and related costs . . . . . . . . . . . . . . . . . . . 23 534 — — 557
Depreciation and other . . . . . . . . . . . . . . . . . . . . . . . . . 35,155 148,217 4,452 — 187,824
Amortization of intangible assets . . . . . . . . . . . . . . . . . 1,433 13,221 — — 14,654
Total expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 229,178 1,764,537 29,467 — 2,023,182
Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,670 211,368 19,366 — 268,404
Other income (expense), net:
Loss from equity method investments, net . . . . . . . . . . (530) (28,204) — — (28,734)
Interest income (expense), net . . . . . . . . . . . . . . . . . . . (48,007) 572 (209) — (47,644)
Other, net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,077 1,334 (16,596) — (1,185)
Total other income (expense), net. . . . . . . . . . . . . . . . . . . . (34,460) (26,298) (16,805) — (77,563)
Income from continuing operations before income taxes. . 3,210 185,070 2,561 — 190,841
Income tax expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (618) (64,989) (557) — (66,164)
Income from continuing operations . . . . . . . . . . . . . . . . . . 2,592 120,081 2,004 — 124,677
Loss from discontinued operations, net of tax . . . . . . . . . . (803) (874) (16,382) — (18,059)
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.
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