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10-Q Filing

DREAMWORKS ANIMATION SKG, INC. CIK: 1297401 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001297401-15-000009
Period End Date 20150331
Filing Date 20150501
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance dwa-20150331.xml
Filing Contents
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $34.23M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $69.65M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $95.47M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $89.66M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $14.91M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $25.24M USD Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts (see Note 7 for related party amounts) AccountsReceivableNet $160.38M USD Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts (see Note 7 for related party amounts) AccountsReceivableNet $173.27M USD Point-in-time
Receivables from distributors, net of allowance for doubtful accounts (see Note 7 for related party amounts) ReceivableFromDistributorsNet $271.26M USD Point-in-time
Receivables from distributors, net of allowance for doubtful accounts (see Note 7 for related party amounts) ReceivableFromDistributorsNet $214.67M USD Point-in-time
Film and other inventory costs, net FilmCosts $830.69M USD Point-in-time
Film and other inventory costs, net FilmCosts $827.89M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $33.48M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $17.55M USD Point-in-time
Other assets OtherAssets $47.41M USD Point-in-time
Other assets OtherAssets $40.41M USD Point-in-time
Investments in unconsolidated entities InvestmentsinUnconsolidatedEntities $26.70M USD Point-in-time
Investments in unconsolidated entities InvestmentsinUnconsolidatedEntities $35.33M USD Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization PropertyPlantAndEquipmentNet $164.17M USD Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization PropertyPlantAndEquipmentNet $180.61M USD Point-in-time
Intangible assets, net of accumulated amortization IntangibleAssetsNetExcludingGoodwill $180.53M USD Point-in-time
Intangible assets, net of accumulated amortization IntangibleAssetsNetExcludingGoodwill $186.14M USD Point-in-time
Goodwill Goodwill $190.67M USD Point-in-time
Goodwill Goodwill $190.67M USD Point-in-time
Total assets Assets $1.97B USD Point-in-time
Total assets Assets $1.97B USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $9.78M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $9.03M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrentAndNoncurrent $190.22M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrentAndNoncurrent $164.09M USD Point-in-time
Payable to former stockholder PayableToReceivableFromFormerStockholder $10.46M USD Point-in-time
Payable to former stockholder PayableToReceivableFromFormerStockholder $3.13M USD Point-in-time
Deferred revenue and other advances DeferredRevenue $51.05M USD Point-in-time
Deferred revenue and other advances DeferredRevenue $33.90M USD Point-in-time
Revolving credit facility LineOfCredit $215.00M USD Point-in-time
Revolving credit facility LineOfCredit $80.00M USD Point-in-time
Lease financing obligation LeaseFinancingObligation $183.82M USD Point-in-time
Lease financing obligation LeaseFinancingObligation - USD Point-in-time
Senior unsecured notes UnsecuredDebt $300.00M USD Point-in-time
Senior unsecured notes UnsecuredDebt $300.00M USD Point-in-time
Deferred taxes, net DeferredIncomeTaxLiabilitiesNet $16.71M USD Point-in-time
Deferred taxes, net DeferredIncomeTaxLiabilitiesNet $17.39M USD Point-in-time
Total liabilities Liabilities $809.26M USD Point-in-time
Total liabilities Liabilities $775.31M 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 $1.18B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.17B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.64M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.83M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $708.01M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $762.78M USD Point-in-time
Less: Class A Treasury common stock, at cost, 28,019,254 and 27,884,524 shares, as of March 31, 2015 and December 31, 2014, respectively TreasuryStockValue $780.55M USD Point-in-time
Less: Class A Treasury common stock, at cost, 28,019,254 and 27,884,524 shares, as of March 31, 2015 and December 31, 2014, respectively TreasuryStockValue $778.54M 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 $1.16B USD Point-in-time
Total DreamWorks Animation SKG, Inc. stockholders' equity StockholdersEquity $1.11B USD Point-in-time
Non-controlling interests MinorityInterest $1.74M USD Point-in-time
Non-controlling interests MinorityInterest $1.22M USD Point-in-time
Non-controlling interests MinorityInterest $51.36M USD Point-in-time
Non-controlling interests MinorityInterest $38.04M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.16B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.37B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.19B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.41B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.97B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.97B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Revenues (see Note 7 for related party amounts) Revenues $147.24M USD 1 Quarter
Revenues (see Note 7 for related party amounts) Revenues $166.53M USD 1 Quarter
Costs of revenues CostOfRevenue $106.17M USD 1 Quarter
Costs of revenues CostOfRevenue $156.40M USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $8.47M USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $6.26M USD 1 Quarter
General and administrative OtherSellingGeneralAndAdministrativeExpense $47.71M USD 1 Quarter
General and administrative OtherSellingGeneralAndAdministrativeExpense $89.14M USD 1 Quarter
Product development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $332.00K USD 1 Quarter
Product development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $540.00K USD 1 Quarter
Other operating income (see Note 7 for related party amounts) OtherOperatingIncome $2.28M USD 1 Quarter
Other operating income (see Note 7 for related party amounts) OtherOperatingIncome $1.67M USD 1 Quarter
Operating loss OperatingIncomeLoss $-35.30M USD 1 Quarter
Operating loss OperatingIncomeLoss $-61.99M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-1.77M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-6.33M USD 1 Quarter
Other (expense) income, net OtherNonoperatingIncomeExpense $1.22M USD 1 Quarter
Other (expense) income, net OtherNonoperatingIncomeExpense $-5.47M USD 1 Quarter
(Increase) decrease in income tax benefit payable to former stockholder ExpenseGainIncomeTaxBenefitPayableToFormerStockholder $-927.00K USD 1 Quarter
(Increase) decrease in income tax benefit payable to former stockholder ExpenseGainIncomeTaxBenefitPayableToFormerStockholder $25.00K USD 1 Quarter
Loss before loss from equity method investees and income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-61.62M USD 1 Quarter
Loss before loss from equity method investees and income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-47.13M USD 1 Quarter
Loss from equity method investees IncomeLossFromEquityMethodInvestments $-3.26M USD 1 Quarter
Loss from equity method investees IncomeLossFromEquityMethodInvestments $-6.36M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-53.49M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-64.88M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $2.40M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $-22.47M USD 1 Quarter
Net loss ProfitLoss $-42.42M USD 1 Quarter
Net loss ProfitLoss $-55.89M USD 1 Quarter
Less: Net (loss) income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-1.11M USD 1 Quarter
Less: Net (loss) income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $520.00K USD 1 Quarter
Net loss attributable to DreamWorks Animation SKG, Inc. NetIncomeLoss $-54.78M USD 1 Quarter
Net loss attributable to DreamWorks Animation SKG, Inc. NetIncomeLoss $-42.94M USD 1 Quarter
Basic and diluted net loss per share (in dollars per share) EarningsPerShareBasicAndDiluted $-0.64 USD 1 Quarter
Basic and diluted net loss per share (in dollars per share) EarningsPerShareBasicAndDiluted $-0.51 USD 1 Quarter
Basic and diluted (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 85.61M shares 1 Quarter
Basic and diluted (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 84.48M shares 1 Quarter
Cash Flow Statement 92 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-42.42M USD 1 Quarter
Net loss ProfitLoss $-55.89M USD 1 Quarter
Amortization and write-off of film and other inventory costs AmortizationAndWriteOffOfFilmAndOtherInventoryCosts $145.41M USD 1 Quarter
Amortization and write-off of film and other inventory costs AmortizationAndWriteOffOfFilmAndOtherInventoryCosts $93.35M USD 1 Quarter
Other impairments and write-offs AssetImpairmentChargesandotherWriteOffs - USD 1 Quarter
Other impairments and write-offs AssetImpairmentChargesandotherWriteOffs $5.06M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $3.98M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $3.15M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $13.37M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.08M USD 1 Quarter
Amortization of deferred financing costs AmortizationOfFinancingCosts $571.00K USD 1 Quarter
Amortization of deferred financing costs AmortizationOfFinancingCosts $242.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $5.31M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $4.40M USD 1 Quarter
Revenue earned against deferred revenue and other advances RecognitionOfDeferredRevenue $16.19M USD 1 Quarter
Revenue earned against deferred revenue and other advances RecognitionOfDeferredRevenue $16.47M USD 1 Quarter
Income related to investment contributions OtherNoncashIncome $1.67M USD 1 Quarter
Income related to investment contributions OtherNoncashIncome $2.28M USD 1 Quarter
Loss from equity method investees IncomeLossFromEquityMethodInvestments $-3.26M USD 1 Quarter
Loss from equity method investees IncomeLossFromEquityMethodInvestments $-6.36M USD 1 Quarter
Deferred taxes, net DeferredIncomeTaxesAndTaxCredits $679.00K USD 1 Quarter
Deferred taxes, net DeferredIncomeTaxesAndTaxCredits $-22.31M USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCash - USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCash $-10.34M USD 1 Quarter
Trade accounts receivable IncreaseDecreaseInAccountsReceivable $19.09M USD 1 Quarter
Trade accounts receivable IncreaseDecreaseInAccountsReceivable $16.70M USD 1 Quarter
Receivables from distributors IncreaseDecreaseInReceivableFromDistributors $-54.65M USD 1 Quarter
Receivables from distributors IncreaseDecreaseInReceivableFromDistributors $-79.27M USD 1 Quarter
Film and other inventory costs IncreaseDecreaseInFilmCosts1 $122.84M USD 1 Quarter
Film and other inventory costs IncreaseDecreaseInFilmCosts1 $89.19M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $20.39M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $4.87M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-25.02M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-48.59M USD 1 Quarter
Payable to former stockholder IncreaseDecreasePayableToFormerStockholder $1.08M USD 1 Quarter
Payable to former stockholder IncreaseDecreasePayableToFormerStockholder $-7.33M USD 1 Quarter
Income taxes payable/receivable, net IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $305.00K USD 1 Quarter
Income taxes payable/receivable, net IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $-658.00K USD 1 Quarter
Deferred revenue and other advances IncreaseDecreaseInDeferredRevenue $27.35M USD 1 Quarter
Deferred revenue and other advances IncreaseDecreaseInDeferredRevenue $41.76M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-12.49M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $1.56M USD 1 Quarter
Investments in unconsolidated entities PaymentstoAcquireInterestsinUnconsolidatedEntities $510.00K USD 1 Quarter
Investments in unconsolidated entities PaymentstoAcquireInterestsinUnconsolidatedEntities $7.00M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.84M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $5.71M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.35M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-12.71M USD 1 Quarter
Proceeds from stock option exercises ProceedsFromStockOptionsExercised - USD 1 Quarter
Proceeds from stock option exercises ProceedsFromStockOptionsExercised $261.00K USD 1 Quarter
Deferred financing costs PaymentsOfDebtIssuanceCosts $5.73M USD 1 Quarter
Deferred financing costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $2.01M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $1.28M USD 1 Quarter
Contingent consideration payment PaymentsofContingentConsideration $335.00K USD 1 Quarter
Contingent consideration payment PaymentsofContingentConsideration - USD 1 Quarter
Borrowings from revolving credit facility ProceedsFromLinesOfCredit - USD 1 Quarter
Borrowings from revolving credit facility ProceedsFromLinesOfCredit $340.40M USD 1 Quarter
Repayments of borrowings from revolving credit facility RepaymentsOfLinesOfCredit - USD 1 Quarter
Repayments of borrowings from revolving credit facility RepaymentsOfLinesOfCredit $475.40M USD 1 Quarter
Proceeds from lease financing obligation ProceedsfromLeaseFinancingObligation - USD 1 Quarter
Proceeds from lease financing obligation ProceedsfromLeaseFinancingObligation $185.00M USD 1 Quarter
Repayments of lease financing obligation RepaymentsofLeaseFinancingObligation - USD 1 Quarter
Repayments of lease financing obligation RepaymentsofLeaseFinancingObligation $1.18M USD 1 Quarter
Capital contribution from non-controlling interest holder ProceedsFromMinorityShareholders $15.00M USD 1 Quarter
Capital contribution from non-controlling interest holder ProceedsFromMinorityShareholders - USD 1 Quarter
Distributions to non-controlling interest holder PaymentsToMinorityShareholders $571.00K USD 1 Quarter
Distributions to non-controlling interest holder PaymentsToMinorityShareholders - USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-1.02M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $55.17M 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 $1.06M USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-25.82M USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $55.44M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $34.23M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $69.65M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $95.47M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $89.66M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $34.23M 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 $95.47M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $89.66M USD Point-in-time
Intellectual property and technology licenses granted in exchange for equity interest IntellectualPropertyandTechnologyLicensesinExchangeforEquityInterest $2.23M 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 $55.00K USD 1 Quarter
Services provided in exchange for equity interest ValueofServicesProvidedinExchangeforEquityInterests $383.00K USD 1 Quarter
Total non-cash investing activities TotalNoncashInvestingActivities $2.28M USD 1 Quarter
Total non-cash investing activities TotalNoncashInvestingActivities $1.68M USD 1 Quarter
Cash paid during the period for income taxes, net of amounts refunded IncomeTaxesPaidNet $1.44M USD 1 Quarter
Cash paid during the period for income taxes, net of amounts refunded IncomeTaxesPaidNet $503.00K USD 1 Quarter
Cash paid during the period for interest, net of amounts capitalized InterestPaidNet $12.13M USD 1 Quarter
Cash paid during the period for interest, net of amounts capitalized InterestPaidNet $7.51M USD 1 Quarter
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-42.42M USD 1 Quarter
Net loss ProfitLoss $-55.89M USD 1 Quarter
Foreign currency translation (losses) gains OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $132.00K USD 1 Quarter
Foreign currency translation (losses) gains OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-810.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-42.28M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-56.70M USD 1 Quarter
Less: Comprehensive (loss) income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-1.11M USD 1 Quarter
Less: Comprehensive (loss) income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $520.00K USD 1 Quarter
Comprehensive loss attributable to DreamWorks Animation SKG, Inc. ComprehensiveIncomeNetOfTax $-55.59M USD 1 Quarter
Comprehensive loss attributable to DreamWorks Animation SKG, Inc. ComprehensiveIncomeNetOfTax $-42.80M USD 1 Quarter

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

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