Go Daddy 2015 Annual Report Download - page 116

Table of Contents
GoDaddy Inc.
Notes to Consolidated Financial Statements
(In millions, except share amounts which are reflected in thousands and per share amounts)
Shares of Class B common stock do not share in our earnings and are not participating securities. Accordingly, separate presentation of loss per share of
Class B common stock under the two-class method has not been presented. Each share of Class B common stock (together with a corresponding LLC Unit) is
exchangeable for one share of Class A common stock. The shares of Class B common stock were determined to be antidilutive under the if-converted and two-
class methods; therefore, they are not included in the computation of net loss per share. Total shares of common stock outstanding were as follows:
December 31,
2015
2014 (1)
Class A common stock 67,083
38,826
Class B common stock 90,398
90,177
157,481
129,003
(1) Shares for December 31, 2014 have been retrospectively adjusted to give effect to the Reorganization Transactions.
14. Geographic Information
Revenue by geography is based on the customer's address, and was as follows:
Year Ended December 31,
2015
2014
2013
U.S. $ 1,192.6
$ 1,038.8
$ 862.8
International 414.7
348.5
268.0
$ 1,607.3
$ 1,387.3
$ 1,130.8
No individual international country represented more than 10% of total revenue in any period presented. Substantially all of our assets are located in the U.S.
Note 15. Related Party Transactions
Sponsors
Amounts paid to affiliates of the Sponsors related to their participation as lenders under our Credit Facility were as follows:
Year Ended December 31,
2015
2014
2013
Principal $ 5.3
$ 0.2
$ 16.7
Interest and other fees 1.4
1.5
1.5
Debt financing fees —
0.7
0.5
As of December 31, 2015 and 2014 , affiliates of KKR held $28.8 million and $29.1 million , respectively, of the outstanding principal balance of the Term
Loan as participating lenders. Additionally, as of December 31, 2014 , affiliates of KKR held $5.0 million of the outstanding principal balance of the Revolving
Credit Loan as participating lenders, which was repaid in April 2015 .
On December 16, 2011 , we entered into a transaction and monitoring fee agreement with affiliates of certain of the Sponsors pursuant to which those entities
provided management and advisory services. In April 2015, we made a final aggregate payment of $26.7 million upon the termination of this agreement following
the completion of the IPO, which was charged to general and administrative expenses. This payment was equal to the present value of the management fees that
would have been payable during the ten-year period following termination. Following this payment, we have no further obligations under this agreement. During
2015 , 2014 , and 2013 , we paid $27.3 million , $2.3 million , and $2.2 million respectively, under this arrangement. In addition, on December 16, 2011 , we
entered into a separate indemnification agreement with such parties, pursuant to which we agreed to provide customary indemnification to them and their affiliates.
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