Annual report pursuant to Section 13 and 15(d)

Business Segments (Tables)

v2.4.0.8
Business Segments (Tables)
12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
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 2011 were 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

 
$
—

 
$
—