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, 2013

Reconciliation of operating profit (loss) by segment

Segment revenue, expenses and contribution profit (loss) for the years ended December 31, 2013, 2012 and 2011 derived from the Company's Connectivity and Content operating segments were as follows (in thousands):



	Year ended December 31,
	2013				2012			2011
	Content	Connectivity	Consolidated		Content	Connectivity		Content	Connectivity
Revenue:
Licensing	153,966	—	153,966		—	—		—	—
Service	27,912	51,350	79,262		—	11,365		—	3,182
Equipment	7	26,487	26,494		—	57,845		—	30,455
Total Revenue	181,885	77,837	259,722		—	69,210		—	33,637

Operating Expenses:
Cost of Sales	134,207	63,731	197,938		—	76,897		—	35,947
Contribution Profit (Loss)	47,678	14,106	61,784		—	(7,687	)	—	(2,310	)
Other Operating Expenses			107,308		—	21,149		—	16,098
Loss from Operations			(45,524	)		(28,836	)		(18,408	)
Other income (expense)			(67,378	)		(13,967	)		(293	)
Loss before income taxes			(112,902	)		(42,803	)		(18,701	)
Income tax provision			(1,839	)		—			—
Net loss			(114,741	)		(42,803	)		(18,701	)

Schedule of assets and liabilities by segment

At December 31, 2013 and 2012, the Company’s net assets and liabilities by segment were as follows (in thousands):



	As of December 31,
	2013
	Connectivity		Content		Corporate		Total
Cash	$	8,167	$	38,843	$	211,786	$	258,796
Accounts receivable, net	12,274		51,942		—		64,216
Goodwill	—		52,345		—		52,345
Intangibles	—		136,414		—		136,414
Other	32,261		31,864		2,987		67,112
Assets	52,702		311,408		214,773		578,883

Accounts payable and accrued expenses	8,043		70,850		3,068		81,961
Deferred tax liability	—		26,378		—		26,378
Notes Payable	38		10,763		—		10,801
Derivative Fair Value	—		—		71,570		71,570
Other	14,777		8,644		8,568		31,989
Liabilities	22,858		116,635		83,206		222,699
Total net (liabilities)/assets	$	29,844	$	194,773	$	131,567	$	356,184

Geographical revenue by segment

Geographical revenues by segment for the years ended December 31, 2013, 2012 and 2011were as follows (in thousands):



	Year ended December 31,
	2013		2012		2011
Connectivity:
United States	$	77,837	$	69,210	$	33,637
Total Connectivity revenue by region	77,837		69,210		33,637
Content:
United States and Canada	89,520		—		—
Europe	58,889		—		—
Asia and the Middle East	29,871		—		—
Other	3,605		—		—
Total Content revenue by region	$	181,885	$	—	$	—

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

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- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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