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

Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

Segment Information (Tables)

12 Months Ended

Dec. 31, 2016

Reconciliation of operating profit (loss) by segment

Revenue and contribution profit by segment were as follows (in thousands):



	Year Ended December 31,
	2016			2015			2014
Revenue:
Media & Content
Licensing	$	261,912		$	252,775		$	231,521
Services	56,152			55,292			45,868
Total	318,064			308,067			277,389
Aviation Connectivity
Services	109,507			96,912			74,839
Equipment	28,977			21,051			35,507
Total	138,484			117,963			110,346
Maritime & Land Connectivity
Services	68,964			—			—
Equipment	4,243			—			—
Total	73,207			—			—
Total revenue	$	529,755		$	426,030		$	387,735
Contribution profit ⁽¹⁾:
Media & Content	$	104,036		$	104,374		$	82,393
Aviation Connectivity	46,739			42,500			23,469
Maritime & Land Connectivity	13,510			—			—
Total contribution profit	164,285			146,874			105,862
Other operating expenses	326,948			155,685			142,845
Loss from operations	$	(162,663	)	$	(8,811	)	$	(36,983	)

(1)

Includes depreciation expense of $0.7 million (Media & Content), $4.5 million (Aviation Connectivity) and $5.6 million (Maritime & Land Connectivity), $0.7 million (Media & Content) and $2.2 million (Aviation Connectivity), and $1.2 million (Media & Content) and $1.7 million (Aviation Connectivity) for the years ended December 31, 2016, 2015, and 2014, respectively. Also includes amortization expense of $0.2 million (Media & Content) and $2.7 million (Media & Content) for the years ended December 31, 2015 and 2014, respectively.

The Company’s total assets by segment were as follows (in thousands):



	December 31,
	2016		2015
Segment assets:
Media & Content	$	391,668	$	432,250
Aviation Connectivity	151,136		95,379
Maritime & Land Connectivity	539,327		—
Total segment assets	1,082,131		527,629
Corporate assets	17,304		110,232
Total assets	$	1,099,435	$	637,861

Geographical revenue by segment as presented below is based on the billing location of the customer. Revenue from external customers was as follows (in thousands):



	Year Ended December 31,
	2016		2015		2014
Media & Content:
United States and Canada	$	80,765	$	78,662	$	59,317
Europe	48,527		39,738		47,917
Asia and Middle East	152,758		155,818		114,886
Other	36,014		33,849		55,269
Total	$	318,064	$	308,067	$	277,389
Aviation Connectivity:
United States	$	119,198	$	102,598	$	92,914
Europe	15,231		14,833		13,807
Other	4,055		532		3,625
Total	$	138,484	$	117,963	$	110,346
Maritime & Land Connectivity:
United States	$	31,334	$	—	$	—
Europe	22,088		—		—
Africa, Middle East and Asia	13,759		—		—
Other	6,026		—		—
Total	$	73,207	$	—	$	—
	$	529,755	$	426,030	$	387,735

The following table summarizes net property, plant and equipment by country (in thousands):



	December 31,
	2016		2015
Media & Content:
United States and Canada	$	2,803	$	5,081
United Kingdom	3,023		3,192
India	2,013		1,828
Other	1,338		552
Total	$	9,177	$	10,653
Aviation Connectivity:
United States	$	64,800	$	23,638
Total	$	64,800	$	23,638
Maritime & Land Connectivity:
United States	$	66,124	$	—
Germany	16,321		—
Other	4,139		—
Total	$	86,584	$	—
Corporate
United States	$	5,488	$	4,775
Total	$	5,488	$	4,775
	$	166,049	$	39,066

As described above, subsequent to December 31, 2016, the Company reorganized its operations into two reportable segments: Connectivity and Media & Content. The following provides the segment information based on the two reportable segments as of December 31, 2016 and 2015 and for the years ended December 31, 2016, 2015 and 2014.

Revenue and contribution profit by segment were as follows (in thousands):



	Year Ended December 31,
	2016			2015			2014
Revenue:
Media & Content
Licensing	$	261,912		$	252,775		$	231,521
Services	56,152			55,292			45,868
Total	318,064			308,067			277,389
Connectivity
Services	178,471			96,912			74,839
Equipment	33,220			21,051			35,507
Total	211,691			117,963			110,346
Total revenue	$	529,755		$	426,030		$	387,735
Contribution profit ⁽¹⁾:
Media & Content	$	104,036		$	104,374		$	82,393
Connectivity	60,249			42,500			23,469
Total contribution profit	164,285			146,874			105,862
Other operating expenses	326,948			155,685			142,845
Loss from operations	$	(162,663	)	$	(8,811	)	$	(36,983	)

(1)

Includes depreciation expense of $0.7 million (Media & Content) and $10.2 million (Connectivity), $0.7 million (Media & Content) and $2.2 million (Connectivity), and $1.2 million (Media & Content) and $1.7 million (Connectivity) for the years ended December 31, 2016, 2015, and 2014, respectively. Also includes amortization expense of $0.2 million (Media & Content) and $2.7 million (Media & Content) for the years ended December 31, 2015 and 2014, respectively.

Schedule of assets and liabilities by segment

The Company’s total assets by segment were as follows (in thousands):



	December 31,
	2016		2015
Segment assets:
Media & Content	$	391,668	$	432,250
Connectivity	690,463		95,379
Total segment assets	1,082,131		527,629
Corporate assets	17,304		110,232
Total assets	$	1,099,435	$	637,861

Geographical revenue by segment

Geographical revenue by segment as presented below is based on the billing location of the customer. The revenue from external customers was as follows (in thousands):



	Year Ended December 31,
	2016		2015		2014
Media & Content:
United States and Canada	$	80,765	$	78,662	$	59,317
Europe	48,527		39,738		47,917
Asia and the Middle East	152,758		155,818		114,886
Other	36,014		33,849		55,269
Total	$	318,064	$	308,067	$	277,389
Connectivity:
United States	$	150,532	$	102,598	$	92,914
Europe	37,319		14,833		13,807
Other	23,840		532		3,625
Total	$	211,691	$	117,963	$	110,346
	$	529,755	$	426,030	$	387,735

The following table summarizes net property, plant and equipment by country (in thousands):



	December 31,
	2016		2015
Media & Content:
United States and Canada	$	2,803	$	5,081
United Kingdom	3,023		3,192
India	2,013		1,828
Other	1,338		552
Total	$	9,177	$	10,653
Connectivity:
United States	$	130,924	$	23,638
Germany	16,321		—
Other	4,139		—
Total	$	151,384	$	23,638
Corporate
United States	$	5,488	$	4,775
Total	$	5,488	$	4,775
	$	166,049	$	39,066