Juno 2013 Annual Report Download - page 42

Table of Contents
The table below sets forth, for the periods presented, as applicable, our consolidated revenues, segment revenues, pay accounts, segment churn,
ARPU, average currency exchange rate, and segment active accounts.


Our discussion and analysis of our financial condition and results of operations is based upon our audited consolidated financial statements, which
have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and with the instructions for
the Annual Report on Form 10-K. The preparation of financial statements in accordance with GAAP requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities and the reported amounts of revenues and
expenses. Actual results could differ from those estimates and assumptions. Management believes that the following accounting policies, estimates and
assumptions made by management thereunder are the most critical to aid in fully understanding and evaluating our reported financial results. These
estimates and assumptions require management's most difficult, subjective or complex judgment and may be based on matters, the effects of which are
inherently uncertain.

We apply the provisions of Accounting Standards Codification ("ASC") 605, , which provides guidance on the recognition,
presentation and disclosure of revenue in financial statements filed with the SEC. ASC 605 outlines the basic criteria that must be met to recognize
revenue and provides guidance for disclosure related to revenue recognition policies. We recognize
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    
 

 

 

 

 

    

Revenues (in
thousands) $62,644 $56,239 $57,567 $57,164 $65,884 $233,614 $257,765 $310,959

Segment revenues
(in thousands) $35,869 $32,233 $32,919 $32,826 $39,509 $133,847 $153,496 $185,475


 57% 57% 57% 57% 60% 57% 59% 59%
Pay accounts (in
thousands) 2,632 2,690 2,720 2,786 2,864 2,632 2,864 3,484
Segment churn 3.0% 2.9% 3.1% 3.3% 3.5% 3.1% 3.6% 3.9%
ARPU $2.54 $2.52 $2.48 $2.48 $2.52 $2.50 $2.49 $2.59
Segment active
accounts (in
millions) 10.3 10.3 10.5 11.4 11.5 10.6 11.0 12.1
Average currency
exchange rate:
EUR to USD 1.36 1.33 1.31 1.32 1.30 1.33 1.29 1.39

Segment revenues
(in thousands) $26,929 $24,354 $24,935 $24,640 $26,669 $100,858 $105,442 $126,532


 43% 43% 43% 43% 40% 43% 41% 41%
Pay accounts (in
thousands):
Internet access 346 360 378 404 421 346 421 535
Other 207 213 217 222 229 207 229 259
Total pay
accounts 553 573 595 626 650 553 650 794
Segment churn 2.7% 2.7% 3.0% 3.0% 2.9% 2.8% 3.1% 3.5%
ARPU $9.62 $9.41 $9.34 $9.21 $9.05 $9.34 $8.90 $9.14
Segment active
accounts (in
millions) 1.2 1.2 1.2 1.3 1.3 1.2 1.4 1.6