DreamWorks Delivers Outstanding Fourth Quarter And Year-End 2015 Results Highlighted By Strong Growth Across Core Business Segments

 

DREAMWORKS ANIMATION SKG, INC.

SEGMENT REVENUES AND GROSS PROFIT RECONCILIATION

(Unaudited)




Three Months Ended


Year Ended



December 31,


December 31,



2015


2014


2015


2014



(in thousands)

Revenues









Feature Films

$

146,397



$

131,343



$

520,102



$

453,475



Television Series and Specials

104,889



50,721



228,132



102,962



Consumer Products

31,740



22,094



86,501



64,817



New Media

32,940



24,914



72,774



49,028



All Other

3,369



5,172



8,354



14,341


Total consolidated revenues

$

319,335



$

234,244



$

915,863



$

684,623











Segment gross profit (loss)(1)









Feature Films

$

63,501



$

(152,171)



$

190,517



$

(89,401)



Television Series and Specials

46,611



(2,581)



84,523



6,667



Consumer Products

5,745



6,101



29,863



23,697



New Media

20,637



13,165



41,102



17,905



All Other

2,676



(3,964)



5,947



(4,980)


Total segment gross profit (loss)

$

139,170



$

(139,450)



$

351,952



$

(46,112)











Reconciliation to consolidated income (loss) before income taxes:









Selling and marketing expenses (2)

873



4,603



6,015



11,630



General and administrative expenses

89,740



108,620



332,736



262,013



Product development expenses

1,195



3,632



4,655



5,217



Change in fair value of contingent consideration



(6,825)





(16,500)



Other operating income

(3,037)



(1,767)



(7,893)



(8,429)



Non-operating expenses (income), net

1,909



(231,124)



50,657



(227,634)



Loss from equity method investees

5,868



5,869



15,491



13,808


Total consolidated income (loss) before income taxes

$

42,622



$

(22,458)



$

(49,709)



$

(86,217)




(1)

The Company defines segment gross profit as segment revenues less segment costs of revenues (which is comprised of costs of revenues and certain costs classified as a component of "selling and marketing" in its statements of operations).

(2)  

Represents certain selling and marketing expenses that are not included as a component of segment gross profit due to the general nature of such expenses.


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