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, 2014

Reconciliation of operating profit (loss) by segment

Segment revenue, expenses and contribution profit (loss) for the years ended December 31, 2014, 2013, and 2012 derived from the Company's Connectivity and Content operating segments were as follows (in thousands):



	Year Ended December 31,
	2014							2013							2012
	Content		Connectivity		Consolidated			Content		Connectivity		Consolidated			Content		Connectivity
Revenue:
License	$	231,521	$	—	$	231,521		$	153,973	$	—	$	153,973		$	—	$	—
Service	45,868		74,839		120,707			27,912		51,350		79,262			—		11,365
Equipment	—		35,507		35,507			—		26,487		26,487			—		57,845
Total Revenue	277,389		110,346		387,735			181,885		77,837		259,722			—		69,210

Operating Expenses:
Cost of Sales
Licensing and Services	195,454		54,881		250,335			134,207		42,590		176,797			—		22,327
Equipment	—		31,538		31,538			—		21,141		21,141			—		54,570
Total Cost of Sales	195,454		86,419		281,873			134,207		63,731		197,938			—		76,897
Contribution Profit (Loss)	81,935		23,927		105,862			47,678		14,106		61,784			—		(7,687		)
Other Operating Expenses					142,845							107,308					21,149
Loss from Operations					(36,983		)					(45,524		)			(28,836		)
Other income (expense)					(9,637		)					(67,378		)			(13,967		)
Loss before income taxes					(46,620		)					(112,902		)			(42,803		)
Income tax provision					10,574							1,839					—
Net loss					$	(57,194	)					$	(114,741	)			$	(42,803	)

Schedule of assets and liabilities by segment

At December 31, 2014 and 2013, the Company’s net assets and liabilities by segment were as follows (in thousands):



	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		112,155		—			112,904
Other	41,053		39,081		4,378			84,512
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



	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 assets	$	29,844	$	194,773	$	131,567	$	356,184

Geographical revenue by segment

Geographical revenues by segment for the years ended December 31, 2014, 2013, and 2012were as follows (in thousands):



	2014		2013		2012
Connectivity:
United States	$	92,914	$	77,837	$	69,210
Europe	13,807		—		—
Other	3,625		—		—
Total Connectivity revenue by region	110,346		77,837		69,210
Content:
United States and Canada	59,317		89,520		—
Europe	47,917		58,889		—
Asia and the Middle East	114,886		29,871		—
Other	55,269		3,605		—
Total Content revenue by region	$	277,389	$	181,885	$	—

- 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.

+ References + Details