10-Q Filing

DREAMWORKS ANIMATION SKG, INC. CIK: 1297401 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001297401-14-000012`
Period End Date	20140331
Filing Date	20140430
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	dwa-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 42 Cash Flow Statement 76 Comprehensive Income 10

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.47M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts (see Note 7 for related party amounts)	`AccountsReceivableNet`	$130.74M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts (see Note 7 for related party amounts)	`AccountsReceivableNet`	$148.92M	USD	Point-in-time
Receivables from distributors, net of allowance for doubtful accounts (see Note 7 for related party amounts)	`ReceivableFromDistributorsNet`	$203.93M	USD	Point-in-time
Receivables from distributors, net of allowance for doubtful accounts (see Note 7 for related party amounts)	`ReceivableFromDistributorsNet`	$283.23M	USD	Point-in-time
Film and other inventory costs, net	`FilmCosts`	$914.63M	USD	Point-in-time
Film and other inventory costs, net	`FilmCosts`	$943.49M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$20.55M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$20.24M	USD	Point-in-time
Other assets	`OtherAssets`	$23.39M	USD	Point-in-time
Other assets	`OtherAssets`	$28.50M	USD	Point-in-time
Investments in unconsolidated entities	`InvestmentsinUnconsolidatedEntities`	$44.29M	USD	Point-in-time
Investments in unconsolidated entities	`InvestmentsinUnconsolidatedEntities`	$38.54M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$186.67M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$183.15M	USD	Point-in-time
Deferred taxes, net	`DeferredTaxAssetsLiabilitiesNet`	$221.92M	USD	Point-in-time
Deferred taxes, net	`DeferredTaxAssetsLiabilitiesNet`	$244.66M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$150.51M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$147.60M	USD	Point-in-time
Goodwill	`Goodwill`	$179.29M	USD	Point-in-time
Goodwill	`Goodwill`	$179.72M	USD	Point-in-time
Total assets	`Assets`	$2.27B	USD	Point-in-time
Total assets	`Assets`	$2.18B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$5.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$5.81M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$214.86M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$263.67M	USD	Point-in-time
Payable to former stockholder	`PayableToReceivableFromFormerStockholder`	$262.31M	USD	Point-in-time
Payable to former stockholder	`PayableToReceivableFromFormerStockholder`	$263.39M	USD	Point-in-time
Deferred revenue and other advances	`DeferredRevenue`	$36.42M	USD	Point-in-time
Deferred revenue and other advances	`DeferredRevenue`	$29.13M	USD	Point-in-time
Senior unsecured notes	`UnsecuredDebt`	$300.00M	USD	Point-in-time
Senior unsecured notes	`UnsecuredDebt`	$300.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$868.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$813.07M	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.10B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.11B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-468.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-600.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.03B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.07B	USD	Point-in-time
Less: Class A Treasury common stock, at cost, 27,482,030 and 27,439,119 shares, as of March 31, 2014 and December 31, 2013, respectively	`TreasuryStockValue`	$769.50M	USD	Point-in-time
Less: Class A Treasury common stock, at cost, 27,482,030 and 27,439,119 shares, as of March 31, 2014 and December 31, 2013, respectively	`TreasuryStockValue`	$768.22M	USD	Point-in-time
Total DreamWorks Animation SKG, Inc. stockholders' equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total DreamWorks Animation SKG, Inc. stockholders' equity	`StockholdersEquity`	$1.37B	USD	Point-in-time
Total DreamWorks Animation SKG, Inc. stockholders' equity	`StockholdersEquity`	$1.34B	USD	Point-in-time
Total DreamWorks Animation SKG, Inc. stockholders' equity	`StockholdersEquity`	$1.35B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$1.17M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$1.74M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$630.00K	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$1.22M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.41B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.37B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.34B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.27B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.18B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues (see Note 7 for related party amounts)	`Revenues`	$134.65M	USD	1 Quarter
Revenues (see Note 7 for related party amounts)	`Revenues`	$147.24M	USD	1 Quarter
Costs of revenues	`CostOfRevenue`	$85.52M	USD	1 Quarter
Costs of revenues	`CostOfRevenue`	$160.69M	USD	1 Quarter
Gross (loss) profit	`GrossProfit`	$-13.45M	USD	1 Quarter
Gross (loss) profit	`GrossProfit`	$49.13M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$963.00K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$540.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$42.79M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$49.68M	USD	1 Quarter
Other operating income (see Note 7 for related party amounts)	`OtherOperatingIncome`	-	USD	1 Quarter
Other operating income (see Note 7 for related party amounts)	`OtherOperatingIncome`	$1.67M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-61.99M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$5.38M	USD	1 Quarter
Interest (expense) income, net	`InterestIncomeExpenseNonoperatingNet`	$863.00K	USD	1 Quarter
Interest (expense) income, net	`InterestIncomeExpenseNonoperatingNet`	$-1.77M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$992.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.22M	USD	1 Quarter
Decrease (increase) in income tax benefit payable to former stockholder	`ExpenseGainIncomeTaxBenefitPayableToFormerStockholder`	$-927.00K	USD	1 Quarter
Decrease (increase) in income tax benefit payable to former stockholder	`ExpenseGainIncomeTaxBenefitPayableToFormerStockholder`	$698.00K	USD	1 Quarter
(Loss) income before loss from equity method investees and income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.53M	USD	1 Quarter
(Loss) income before loss from equity method investees and income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-61.62M	USD	1 Quarter
Loss from equity method investees	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Loss from equity method investees	`IncomeLossFromEquityMethodInvestments`	$-3.26M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.53M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-64.88M	USD	1 Quarter
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$418.00K	USD	1 Quarter
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$-22.47M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-42.42M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$6.11M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$520.00K	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$537.00K	USD	1 Quarter
Net (loss) income attributable to DreamWorks Animation SKG, Inc.	`NetIncomeLoss`	$-42.94M	USD	1 Quarter
Net (loss) income attributable to DreamWorks Animation SKG, Inc.	`NetIncomeLoss`	$5.58M	USD	1 Quarter
Basic net (loss) income per share (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic net (loss) income per share (in dollars per share)	`EarningsPerShareBasic`	$-0.51	USD	1 Quarter
Diluted net (loss) income per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.51	USD	1 Quarter
Diluted net (loss) income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	84.67M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	84.48M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	85.27M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	84.48M	shares	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-42.42M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$6.11M	USD	1 Quarter
Amortization and write-off of film and other inventory costs	`AmortizationAndWriteOffOfFilmAndOtherInventoryCosts`	$60.04M	USD	1 Quarter
Amortization and write-off of film and other inventory costs	`AmortizationAndWriteOffOfFilmAndOtherInventoryCosts`	$145.41M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.69M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.15M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$5.31M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.08M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$242.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$983.00K	USD	1 Quarter
Revenue earned against deferred revenue and other advances	`RecognitionOfDeferredRevenue`	$11.15M	USD	1 Quarter
Revenue earned against deferred revenue and other advances	`RecognitionOfDeferredRevenue`	$16.19M	USD	1 Quarter
Income related to investment contributions	`OtherNoncashIncome`	$1.67M	USD	1 Quarter
Income related to investment contributions	`OtherNoncashIncome`	-	USD	1 Quarter
Loss from equity method investees	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Loss from equity method investees	`IncomeLossFromEquityMethodInvestments`	$-3.26M	USD	1 Quarter
Deferred taxes, net	`DeferredIncomeTaxesAndTaxCredits`	$-22.31M	USD	1 Quarter
Deferred taxes, net	`DeferredIncomeTaxesAndTaxCredits`	$231.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.09M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.12M	USD	1 Quarter
Receivables from distributors	`IncreaseDecreaseInReceivableFromDistributors`	$-79.27M	USD	1 Quarter
Receivables from distributors	`IncreaseDecreaseInReceivableFromDistributors`	$-52.23M	USD	1 Quarter
Film and other inventory costs	`IncreaseDecreaseInFilmCosts1`	$109.35M	USD	1 Quarter
Film and other inventory costs	`IncreaseDecreaseInFilmCosts1`	$122.84M	USD	1 Quarter
Intangible assets	`IncreaseDecreaseInIntangibleAssets`	$1.01M	USD	1 Quarter
Intangible assets	`IncreaseDecreaseInIntangibleAssets`	-	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.37M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.87M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-48.59M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.59M	USD	1 Quarter
Payable to former stockholder	`IncreaseDecreasePayableToFormerStockholder`	$-25.70M	USD	1 Quarter
Payable to former stockholder	`IncreaseDecreasePayableToFormerStockholder`	$1.08M	USD	1 Quarter
Income taxes payable/receivable, net	`IncreaseDecreaseInIncomeTaxesReceivable`	$658.00K	USD	1 Quarter
Income taxes payable/receivable, net	`IncreaseDecreaseInIncomeTaxesReceivable`	$-2.52M	USD	1 Quarter
Deferred revenue and other advances	`IncreaseDecreaseInDeferredRevenue`	$54.64M	USD	1 Quarter
Deferred revenue and other advances	`IncreaseDecreaseInDeferredRevenue`	$27.35M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.68M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.49M	USD	1 Quarter
Investments in unconsolidated entities	`PaymentstoAcquireInterestsinUnconsolidatedEntities`	$500.00K	USD	1 Quarter
Investments in unconsolidated entities	`PaymentstoAcquireInterestsinUnconsolidatedEntities`	$7.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.71M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.09M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.59M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.71M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$261.00K	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$16.55M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.28M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.02M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.55M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$396.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$447.00K	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.99M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-25.82M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.65M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$59.25M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$76.23M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$95.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$69.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$59.25M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$76.23M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$95.47M	USD	Point-in-time
Intellectual property and technology licenses granted in exchange for equity interest	`IntellectualPropertyandTechnologyLicensesinExchangeforEquityInterest`	-	USD	1 Quarter
Intellectual property and technology licenses granted in exchange for equity interest	`IntellectualPropertyandTechnologyLicensesinExchangeforEquityInterest`	$1.29M	USD	1 Quarter
Services provided in exchange for equity interest	`ValueofServicesProvidedinExchangeforEquityInterests`	-	USD	1 Quarter
Services provided in exchange for equity interest	`ValueofServicesProvidedinExchangeforEquityInterests`	$383.00K	USD	1 Quarter
Total non-cash investing activities	`TotalNoncashInvestingActivities`	-	USD	1 Quarter
Total non-cash investing activities	`TotalNoncashInvestingActivities`	$1.68M	USD	1 Quarter
Cash paid (refunded) during the period for income taxes, net	`IncomeTaxesPaidNet`	$503.00K	USD	1 Quarter
Cash paid (refunded) during the period for income taxes, net	`IncomeTaxesPaidNet`	$-2.28M	USD	1 Quarter
Cash paid during the period for interest, net of amounts capitalized	`InterestPaidNet`	$217.00K	USD	1 Quarter
Cash paid during the period for interest, net of amounts capitalized	`InterestPaidNet`	$7.51M	USD	1 Quarter
Depreciation and amortization, interest expense and stock-based compensation previously capitalized	`DepreciationAmortizationInterestExpenseandStockbasedCompensationPreviouslyCapitalized`	$8.82M	USD	1 Quarter
Depreciation and amortization, interest expense and stock-based compensation previously capitalized	`DepreciationAmortizationInterestExpenseandStockbasedCompensationPreviouslyCapitalized`	$5.60M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-42.42M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$6.11M	USD	1 Quarter
Foreign currency translation gains (losses)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.49M	USD	1 Quarter
Foreign currency translation gains (losses)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$132.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-42.28M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.62M	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$520.00K	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$537.00K	USD	1 Quarter
Comprehensive (loss) income attributable to DreamWorks Animation SKG, Inc.	`ComprehensiveIncomeNetOfTax`	$-42.80M	USD	1 Quarter
Comprehensive (loss) income attributable to DreamWorks Animation SKG, Inc.	`ComprehensiveIncomeNetOfTax`	$3.08M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.