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Business Combination (Tables)
6 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary allocation of the purchase price to the tangible and identifiable intangible assets acquired and liabilities assumed. The excess of the purchase price over those fair values was allocated to goodwill.
Consideration Transferred (1):
 
Cash, net of cash acquired
$
993,210

 
 
Preliminary purchase price allocation:
 
Accounts receivable, trade
133,200

Program rights
93,505

Prepaid expenses and other current assets
27,634

Deferred tax asset, net
25,318

Property and equipment
42,852

Intangible assets
296,300

Assets held for sale
18,927

Other assets
28,270

Accounts payable
(21,627
)
Accrued liabilities
(45,833
)
Program rights obligations
(31,984
)
Deferred tax liability, net
(24,590
)
Liabilities held for sale
(18,130
)
Other liabilities
(13,996
)
Noncontrolling interests acquired
(30,873
)
Fair value of net assets acquired
478,973

Goodwill
514,237

 
$
993,210

(1) The cash consideration transferred is subject to adjustments in future periods for working capital, net debt acquired and for certain equity method investments that were not acquired at the acquisition date.
Business Acquisition, Pro Forma Information
The following unaudited pro forma financial information is based on the historical condensed consolidated financial statements of AMC Networks and the historical combined financial statements of Chellomedia and is intended to provide information about how the acquisition of Chellomedia and related financing may have affected AMC Networks' historical condensed consolidated financial statements if they had closed as of January 1, 2013. The unaudited pro forma information has been prepared for comparative purposes only and includes adjustments for additional interest expense associated with the terms of the Company's amended and restated credit agreement (see Note 8), estimated additional depreciation and amortization expense as a result of tangible and identifiable intangible assets acquired, and the reclassification of the operating results of the Atmedia business to discontinued operations (see Note 4). The pro forma information is not necessarily indicative of the results of operations that would have been achieved had the acquisition taken place on the date indicated or that may result in the future.
 
2014
 
2013
 
Pro Forma Financial Information for the Six Months Ended June 30,
 
Pro Forma Financial Information for the Three Months Ended June 30,
 
Pro Forma Financial Information for the Six Months Ended June 30,
Revenues, net
$
1,075,744

 
$
469,172

 
$
936,888

Income from continuing operations, net of income taxes
$
132,602

 
$
136,357

 
$
199,495

Net income per share, basic
$
1.84

 
$
1.91

 
$
2.79

Net income per share, diluted
$
1.83

 
$
1.88

 
$
2.75