Anuvu Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Business Segments (Tables)

Business Segments (Tables)

12 Months Ended

Dec. 31, 2015

Reconciliation of operating profit (loss) by segment

Segment revenue, expenses and contribution profit for the years ended December 31, 2015, 2014, and 2013 derived from the Company's Connectivity and Content segments were as follows (in thousands):



	Year Ended December 31,
	2015							2014							2013
	Content		Connectivity		Consolidated			Content		Connectivity		Consolidated			Content		Connectivity		Consolidated
Revenue:
Licensing and services	$	308,153	$	96,906	$	405,059		$	277,389	$	74,839	$	352,228		$	181,885	$	51,350	$	233,235
Equipment	—		20,971		20,971			—		35,507		35,507			—		26,487		26,487
Total Revenue	308,153		117,877		426,030			277,389		110,346		387,735			181,885		77,837		259,722

Operating Expenses:
Cost of Sales
Licensing and Services	203,693		57,942		261,635			195,454		54,881		250,335			134,207		42,590		176,797
Equipment	—		17,521		17,521			—		31,538		31,538			—		21,141		21,141
Total Cost of Sales	203,693		75,463		279,156			195,454		86,419		281,873			134,207		63,731		197,938
Contribution Profit	104,460		42,414		146,874			81,935		23,927		105,862			47,678		14,106		61,784
Other Operating Expenses					155,685							142,845							107,308
Loss from Operations					(8,811		)					(36,983		)					(45,524		)
Other income (expense)					8,306							(9,637		)					(67,378		)
Loss before income taxes					(505		)					(46,620		)					(112,902		)
Income tax provision					1,621							10,574							1,839
Net loss					$	(2,126	)					$	(57,194	)					$	(114,741	)

Schedule of assets and liabilities by segment

At December 31, 2015 and 2014, the Company’s net assets and liabilities by segment were as follows (in thousands):



	December 31, 2015
	Connectivity		Content		Corporate			Total
Cash	$	3,404	$	119,487	$	100,661		$	223,552
Accounts receivable, net	15,577		77,774		98			93,449
Goodwill	19,273		74,523		—			93,796
Intangibles	7,696		126,071		—			133,767
Other	49,429		34,395		11,151			94,975
Total assets	95,379		432,250		111,910			639,539
								—
Accounts payable and accrued expenses	10,187		97,699		22,755			130,641
Deferred tax liability	1,946		20,022		356			22,324
Notes payable	—		885		71,357			72,242
Derivative fair value	—		—		24,076			24,076
Other	11,623		21,336		3,536			36,495
Total liabilities	23,756		139,942		122,080			285,778
Total net assets	$	71,623	$	292,308	$	(10,170	)	$	353,761



	December 31, 2014
	Connectivity		Content		Corporate			Total
Cash	$	8,350	$	74,447	$	114,851		$	197,648
Accounts receivable, net	18,422		66,882		213			85,517
Goodwill	—		53,014		—			53,014
Intangibles	749		121,725		—			122,474
Other	41,053		29,511		4,378			74,942
Assets	68,574		345,579		119,442			533,595

Accounts payable and accrued expenses	13,366		78,592		7,370			99,328
Deferred tax liability	39		23,367		4			23,410
Notes payable	—		981		2,034			3,015
Derivative fair value	—		—		52,671			52,671
Other	11,800		30,783		(41		)	42,542
Liabilities	25,205		133,723		62,038			220,966
Total net assets	$	43,369	$	211,856	$	57,404		$	312,629

Geographical revenue by segment

Geographical revenues by segment for the years ended December 31, 2015, 2014, and 2013were as follows (in thousands):



	2015		2014		2013
Connectivity:
United States	$	102,598	$	92,914	$	77,837
Europe	14,833		13,807		—
Other	446		3,625		—
Total Connectivity revenue by region	117,877		110,346		77,837
Content:
United States and Canada	78,662		59,317		89,520
Europe	39,738		47,917		58,889
Asia and the Middle East	155,818		114,886		29,871
Other	33,935		55,269		3,605
Total Content revenue by region	$	308,153	$	277,389	$	181,885