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10-Q Filing

DREAMWORKS ANIMATION SKG, INC. CIK: 1297401 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001297401-16-000036
Period End Date 20160331
Filing Date 20160506
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance dwa-20160331.xml
Filing Contents
Balance Sheet 66 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $110.81M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $34.23M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $89.66M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $91.61M USD Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts AccountsReceivableNet $253.80M USD Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts AccountsReceivableNet $271.47M USD Point-in-time
Receivables from distributors, net of allowance for doubtful accounts ReceivableFromDistributorsNet $230.57M USD Point-in-time
Receivables from distributors, net of allowance for doubtful accounts ReceivableFromDistributorsNet $240.85M USD Point-in-time
Film and other inventory costs, net FilmCosts $820.45M USD Point-in-time
Film and other inventory costs, net FilmCosts $832.42M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $29.13M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $30.94M USD Point-in-time
Other assets OtherAssets $70.84M USD Point-in-time
Other assets OtherAssets $69.10M USD Point-in-time
Investments in unconsolidated entities InvestmentsinUnconsolidatedEntities $39.41M USD Point-in-time
Investments in unconsolidated entities InvestmentsinUnconsolidatedEntities $32.81M USD Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization PropertyPlantAndEquipmentNet $37.77M USD Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization PropertyPlantAndEquipmentNet $38.12M USD Point-in-time
Intangible assets, net of accumulated amortization IntangibleAssetsNetExcludingGoodwill $172.33M USD Point-in-time
Intangible assets, net of accumulated amortization IntangibleAssetsNetExcludingGoodwill $169.10M 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 $1.96B USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $15.37M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $10.85M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrentAndNoncurrent $199.66M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrentAndNoncurrent $150.93M USD Point-in-time
Payable to former stockholder PayableToReceivableFromFormerStockholder $4.39M USD Point-in-time
Payable to former stockholder PayableToReceivableFromFormerStockholder $20.78M USD Point-in-time
Deferred revenue and other advances DeferredRevenue $72.61M USD Point-in-time
Deferred revenue and other advances DeferredRevenue $74.66M USD Point-in-time
Deferred gain on sale-leaseback transaction DeferredGainOnSaleleasebackTransaction $87.41M USD Point-in-time
Deferred gain on sale-leaseback transaction DeferredGainOnSaleleasebackTransaction $86.25M USD Point-in-time
Revolving credit facility LineOfCredit $101.00M USD Point-in-time
Revolving credit facility LineOfCredit $60.00M USD Point-in-time
Senior unsecured notes, net of deferred financing costs UnsecuredDebt $295.40M USD Point-in-time
Senior unsecured notes, net of deferred financing costs UnsecuredDebt $295.13M USD Point-in-time
Deferred taxes, net DeferredIncomeTaxLiabilitiesNet $18.13M USD Point-in-time
Deferred taxes, net DeferredIncomeTaxLiabilitiesNet $17.78M USD Point-in-time
Total liabilities Liabilities $766.27M USD Point-in-time
Total liabilities Liabilities $744.08M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.23B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.23B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.46M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-3.64M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $721.81M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $707.98M USD Point-in-time
Less: Class A Treasury common stock, at cost, 28,551,078 and 28,401,898 shares, as of March 31, 2016 and December 31, 2015, respectively TreasuryStockValue $789.19M USD Point-in-time
Less: Class A Treasury common stock, at cost, 28,551,078 and 28,401,898 shares, as of March 31, 2016 and December 31, 2015, respectively TreasuryStockValue $792.79M USD Point-in-time
Total DreamWorks Animation SKG, Inc. stockholders' equity StockholdersEquity $1.11B USD Point-in-time
Total DreamWorks Animation SKG, Inc. stockholders' equity StockholdersEquity $1.14B 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 $1.16B USD Point-in-time
Non-controlling interests MinorityInterest $53.42M USD Point-in-time
Non-controlling interests MinorityInterest $38.04M USD Point-in-time
Non-controlling interests MinorityInterest $51.36M USD Point-in-time
Non-controlling interests MinorityInterest $55.32M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.16B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.19B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.20B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.21B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.97B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.96B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Revenues Revenues $166.53M USD 1 Quarter
Revenues Revenues $190.44M USD 1 Quarter
Costs of revenues CostOfRevenue $106.17M USD 1 Quarter
Costs of revenues CostOfRevenue $114.62M USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $8.47M USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $6.14M USD 1 Quarter
General and administrative OtherSellingGeneralAndAdministrativeExpense $89.14M USD 1 Quarter
General and administrative OtherSellingGeneralAndAdministrativeExpense $60.25M USD 1 Quarter
Product development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $332.00K USD 1 Quarter
Product development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $545.00K USD 1 Quarter
Other operating income OtherOperatingIncome $4.94M USD 1 Quarter
Other operating income OtherOperatingIncome $2.28M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $13.82M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-35.30M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-4.99M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-6.33M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $1.89M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-5.47M USD 1 Quarter
Increase in income tax benefit payable to former stockholder ExpenseGainIncomeTaxBenefitPayableToFormerStockholder - USD 1 Quarter
Increase in income tax benefit payable to former stockholder ExpenseGainIncomeTaxBenefitPayableToFormerStockholder $25.00K USD 1 Quarter
Income (loss) before income from equity method investees and income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $10.73M USD 1 Quarter
Income (loss) before income from equity method investees and income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-47.13M USD 1 Quarter
Income (loss) from equity method investees IncomeLossFromEquityMethodInvestments $2.54M USD 1 Quarter
Income (loss) from equity method investees IncomeLossFromEquityMethodInvestments $-6.36M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-53.49M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $13.27M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $1.13M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $2.40M USD 1 Quarter
Net income (loss) ProfitLoss $-55.89M USD 1 Quarter
Net income (loss) ProfitLoss $12.14M USD 1 Quarter
Less: Net loss attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-1.11M USD 1 Quarter
Less: Net loss attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-1.70M USD 1 Quarter
Net income (loss) attributable to DreamWorks Animation SKG, Inc. NetIncomeLoss $13.84M USD 1 Quarter
Net income (loss) attributable to DreamWorks Animation SKG, Inc. NetIncomeLoss $-54.78M USD 1 Quarter
Basic net income (loss) per share (in dollars per share) EarningsPerShareBasic $-0.64 USD 1 Quarter
Basic net income (loss) per share (in dollars per share) EarningsPerShareBasic $0.16 USD 1 Quarter
Diluted net income (loss) per share (in dollars per share) EarningsPerShareDiluted $0.16 USD 1 Quarter
Diluted net income (loss) per share (in dollars per share) EarningsPerShareDiluted $-0.64 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 86.40M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 85.61M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 87.68M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 85.61M shares 1 Quarter
Cash Flow Statement 92 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-55.89M USD 1 Quarter
Net income (loss) ProfitLoss $12.14M USD 1 Quarter
Amortization and write-off of film and other inventory costs AmortizationAndWriteOffOfFilmAndOtherInventoryCosts $95.46M 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 $5.06M USD 1 Quarter
Other impairments and write-offs AssetImpairmentChargesandotherWriteOffs - USD 1 Quarter
Amortization of intangible and other assets AmortizationOfIntangibleAndOtherAssets $3.98M USD 1 Quarter
Amortization of intangible and other assets AmortizationOfIntangibleAndOtherAssets $5.82M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $13.37M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.49M USD 1 Quarter
Amortization of deferred financing costs AmortizationOfFinancingCosts $632.00K USD 1 Quarter
Amortization of deferred financing costs AmortizationOfFinancingCosts $571.00K USD 1 Quarter
Amortization of deferred gain on sale-leaseback transaction SaleLeasebackTransactionCurrentPeriodGainRecognized - USD 1 Quarter
Amortization of deferred gain on sale-leaseback transaction SaleLeasebackTransactionCurrentPeriodGainRecognized $1.16M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $4.40M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $4.86M USD 1 Quarter
Revenue earned against deferred revenue and other advances RecognitionOfDeferredRevenue $16.47M USD 1 Quarter
Revenue earned against deferred revenue and other advances RecognitionOfDeferredRevenue $34.01M USD 1 Quarter
Income related to investment contributions OtherNoncashIncome $4.05M USD 1 Quarter
Income related to investment contributions OtherNoncashIncome $2.28M USD 1 Quarter
(Income) loss from equity method investees IncomeLossFromEquityMethodInvestments $2.54M USD 1 Quarter
(Income) loss from equity method investees IncomeLossFromEquityMethodInvestments $-6.36M USD 1 Quarter
Deferred taxes, net DeferredIncomeTaxesAndTaxCredits $353.00K USD 1 Quarter
Deferred taxes, net DeferredIncomeTaxesAndTaxCredits $679.00K USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCash $-10.34M USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCash - USD 1 Quarter
Trade accounts receivable IncreaseDecreaseInAccountsReceivable $16.70M USD 1 Quarter
Trade accounts receivable IncreaseDecreaseInAccountsReceivable $-18.57M USD 1 Quarter
Receivables from distributors IncreaseDecreaseInReceivableFromDistributors $10.71M USD 1 Quarter
Receivables from distributors IncreaseDecreaseInReceivableFromDistributors $-54.65M USD 1 Quarter
Film and other inventory costs IncreaseDecreaseInFilmCosts1 $102.96M USD 1 Quarter
Film and other inventory costs IncreaseDecreaseInFilmCosts1 $89.19M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $8.17M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $20.39M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-44.32M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-25.02M USD 1 Quarter
Payable to former stockholder IncreaseDecreasePayableToFormerStockholder $-16.38M 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 $318.00K USD 1 Quarter
Deferred revenue and other advances IncreaseDecreaseInDeferredRevenue $31.76M USD 1 Quarter
Deferred revenue and other advances IncreaseDecreaseInDeferredRevenue $41.76M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.56M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $-52.89M USD 1 Quarter
Investments in unconsolidated entities PaymentstoAcquireInterestsinUnconsolidatedEntities $510.00K USD 1 Quarter
Investments in unconsolidated entities PaymentstoAcquireInterestsinUnconsolidatedEntities - USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.71M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.84M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.35M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-3.71M 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 $3.60M 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 $71.00M USD 1 Quarter
Borrowings from revolving credit facility ProceedsFromLinesOfCredit $340.40M USD 1 Quarter
Repayments of borrowings from revolving credit facility RepaymentsOfLinesOfCredit $475.40M USD 1 Quarter
Repayments of borrowings from revolving credit facility RepaymentsOfLinesOfCredit $30.00M USD 1 Quarter
Proceeds from lease financing obligation ProceedsfromLeaseFinancingObligation $185.00M USD 1 Quarter
Proceeds from lease financing obligation ProceedsfromLeaseFinancingObligation - USD 1 Quarter
Repayments of lease financing obligation RepaymentsofLeaseFinancingObligation $1.18M USD 1 Quarter
Repayments of lease financing obligation RepaymentsofLeaseFinancingObligation - 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 $206.00K USD 1 Quarter
Distributions to non-controlling interest holder PaymentsToMinorityShareholders $571.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $55.17M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $37.19M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $1.06M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $207.00K USD 1 Quarter
(Decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $55.44M USD 1 Quarter
(Decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-19.20M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $110.81M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $34.23M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $89.66M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $91.61M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $110.81M 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 $89.66M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $91.61M 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 $3.92M USD 1 Quarter
Services provided in exchange for equity interest ValueofServicesProvidedinExchangeforEquityInterests $135.00K USD 1 Quarter
Services provided in exchange for equity interest ValueofServicesProvidedinExchangeforEquityInterests $55.00K USD 1 Quarter
Total non-cash investing activities TotalNoncashInvestingActivities $4.05M USD 1 Quarter
Total non-cash investing activities TotalNoncashInvestingActivities $2.28M 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 $487.00K 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 $10.09M USD 1 Quarter
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-55.89M USD 1 Quarter
Net income (loss) ProfitLoss $12.14M USD 1 Quarter
Foreign currency translation losses OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-823.00K USD 1 Quarter
Foreign currency translation losses OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-810.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $11.32M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-56.70M USD 1 Quarter
Less: Comprehensive loss attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-1.70M USD 1 Quarter
Less: Comprehensive loss attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-1.11M USD 1 Quarter
Comprehensive income (loss) attributable to DreamWorks Animation SKG, Inc. ComprehensiveIncomeNetOfTax $13.01M USD 1 Quarter
Comprehensive income (loss) attributable to DreamWorks Animation SKG, Inc. ComprehensiveIncomeNetOfTax $-55.59M USD 1 Quarter

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

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