|
Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Millions, unless otherwise specified
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 10.1 |
$ 13.4 |
| Trade accounts receivable, net of allowances of $26.6 and $41.9 |
262.4 |
249.1 |
| Program rights, net |
363.1 |
303.5 |
| Deferred income taxes |
0.9 |
0.9 |
| Other current assets |
40.8 |
70.1 |
| Total current assets |
677.3 |
637.0 |
| Noncurrent assets: |
|
|
| Program rights |
322.2 |
311.3 |
| Investment in films and television programs, net |
333.7 |
319.5 |
| Property and equipment, net of accumulated depreciation of $127.8 and $123.4 |
87.6 |
89.8 |
| Deferred income taxes |
14.1 |
0 |
| Goodwill |
131.8 |
131.8 |
| Other assets, net (Note 8) |
120.8 |
83.8 |
| Total assets |
1,687.5 |
1,573.2 |
| Current liabilities: |
|
|
| Current portion of debt (Note 2) |
5.3 |
5.3 |
| Trade accounts payable |
6.0 |
10.1 |
| Accrued liabilities (Notes 5, 7 and 8) |
345.2 |
327.4 |
| Deferred revenue |
10.4 |
7.4 |
| Total current liabilities |
366.9 |
350.2 |
| Noncurrent liabilities: |
|
|
| Debt (Note 2) |
1,187.7 |
1,174.2 |
| Deferred Tax Liabilities, Net, Noncurrent |
0 |
1.1 |
| Other liabilities (Note 7) |
7.0 |
7.9 |
| Total liabilities |
1,561.6 |
1,533.4 |
| Stockholders' Equity |
|
|
| Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued |
0 |
0 |
| Additional paid-in capital |
23.5 |
24.0 |
| Accumulated other comprehensive loss, net of taxes |
(1.8) |
(2.3) |
| Retained earnings |
110.4 |
25.8 |
| Total stockholders' equity |
133.1 |
48.5 |
| Noncontrolling interest in subsidiary |
(7.2) |
(8.7) |
| Total equity |
125.9 |
39.8 |
| Commitments and contingencies (Note 7) |
|
|
| Total liabilities and member’s interest and noncontrolling interests |
1,687.5 |
1,573.2 |
| Series A |
|
|
| Stockholders' Equity |
|
|
| Common stock |
0.9 |
0.9 |
| Series B |
|
|
| Stockholders' Equity |
|
|
| Common stock |
$ 0.1 |
$ 0.1 |