EX-99.1 2 a14-7010_1ex99d1.htm EX-99.1

Exhibit 99.1

 

SEGMENT INFORMATION

 

The tables below present certain unaudited financial information for the periods presented reflecting our current segment presentation adopted in connection with our separation from United Online, Inc.  This information includes a number of key business metrics that we use to help us monitor our performance and trends affecting our segments, and to develop forecasts and budgets.

 

Segment operating income. Our chief operating decision maker uses segment operating income to evaluate the performance of our business segments and to make decisions about allocating resources among segments. Segment operating income is operating income excluding depreciation, amortization, litigation and dispute settlement charges or gains, transaction-related costs, and restructuring and other exit costs.  Stock-based compensation and general corporate expenses are not allocated to the segments. Segment operating income is prior to intersegment eliminations and excludes other income.

 

Consumer orders.  We monitor the number of consumer orders for floral, gift and related products during a given period. Consumer orders are orders delivered during the period that originated in the U.S. and Canada, primarily from the www.ftd.com website, associated mobile sites, and the 1-800-SEND-FTD telephone number; and in the U.K. and the Republic of Ireland, primarily from the www.interflora.co.uk and www.interflora.ie websites, associated mobile sites, and various telephone numbers. The number of consumer orders is not adjusted for non-delivered orders that are refunded on or after the scheduled delivery date. Orders originating with a florist or other retail location for delivery to consumers are not included as part of this number.

 

Average order value.  We monitor the average value for consumer orders delivered in a given period, which we refer to as the average order value. Average order value represents the average amount received for consumer orders delivered during a period. The average order value of consumer orders within our Consumer and International segments is tracked for each segment in their local currency, the U.S. Dollar for the Consumer segment and the British Pound (“GBP”) for the International segment. The local currency amounts received for the International segment are then translated into U.S. dollars at the average currency exchange rate for the period. Average order value includes merchandise revenues and shipping or service fees paid by the consumer, less discounts and refunds (net of refund-related fees charged to floral network members).

 

Average revenues per member. We monitor average revenues per member for our floral network members in the Florist segment. Average revenues per member represents the average revenues received from a member of our floral network during a period. Revenues include services revenues and products revenues, but exclude revenues from sales to non-members. Floral network members include our retail florists and other non-florist retail locations that offer floral and gifting solutions. Average revenues per member is calculated by dividing Florist segment revenues for the period, excluding sales to non-members, by the average number of floral network members for the period.

 

7


 

FTD Companies, Inc.

Unaudited Revenues and Segment Operating Income

(in thousands)

 

 

 

Three Months Ended

 

Year Ended December 31,

 

 

 

March 31,
2013

 

June 30,
2013

 

September 30,
2013

 

March 31,
2012

 

June 30,
2012

 

September 30,
2012

 

December 31,
2012

 

2012

 

2011

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

$

93,012

 

$

98,260

 

$

52,820

 

$

86,072

 

$

101,570

 

$

51,686

 

$

77,675

 

$

317,003

 

$

302,477

 

Florist

 

47,538

 

41,365

 

36,083

 

42,641

 

41,071

 

35,333

 

39,135

 

158,180

 

151,856

 

International

 

54,982

 

30,472

 

32,763

 

52,581

 

30,881

 

32,458

 

41,161

 

157,081

 

150,935

 

Intersegment eliminations

 

(5,249

)

(5,818

)

(3,139

)

(4,847

)

(5,995

)

(3,115

)

(4,793

)

(18,750

)

(18,019

)

Total revenues

 

$

190,283

 

$

164,279

 

$

118,527

 

$

176,447

 

$

167,527

 

$

116,362

 

$

153,178

 

$

613,514

 

$

587,249

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment operating income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

$

10,273

 

$

11,628

 

$

5,361

 

$

9,817

 

$

11,669

 

$

5,346

 

$

8,413

 

$

35,245

 

$

33,267

 

Florist

 

13,592

 

12,318

 

10,094

 

11,267

 

11,622

 

10,028

 

11,508

 

44,425

 

41,442

 

International

 

7,194

 

2,858

 

3,508

 

7,257

 

3,437

 

2,823

 

4,772

 

18,289

 

18,925

 

Unallocated expenses

 

(5,182

)

(6,295

)

(8,596

)

(4,913

)

(4,737

)

(4,683

)

(4,079

)

(18,412

)

(18,395

)

Depreciation and amortization

 

(8,653

)

(8,575

)

(7,923

)

(8,792

)

(8,838

)

(8,943

)

(8,785

)

(35,358

)

(34,022

)

Operating income (GAAP basis)

 

$

17,224

 

$

11,934

 

$

2,444

 

$

14,636

 

$

13,153

 

$

4,571

 

$

11,829

 

$

44,189

 

$

41,217

 

 

8


 

FTD Companies, Inc.

Unaudited Segment Metrics

(in thousands, except average order value, average revenues per member and average currency exchange rate)

 

 

 

Three Months Ended

 

 

 

 

 

March 31,

 

June 30,

 

September 30,

 

March 31,

 

June 30,

 

September 30,

 

December 31,

 

Year Ended December 31,

 

 

 

2013

 

2013

 

2013

 

2012

 

2012

 

2012

 

2012

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated revenues

 

$

 

190,283

 

$

 

164,279

 

$

 

118,527

 

$

 

176,447

 

$

 

167,527

 

$

 

116,362

 

$

 

153,178

 

$

 

613,514

 

$

 

587,249

 

Consolidated operating income

 

$

 

17,224

 

$

 

11,934

 

$

 

2,444

 

$

 

14,636

 

$

 

13,153

 

$

 

4,571

 

$

 

11,829

 

$

 

44,189

 

$

 

41,217

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment revenues

 

$

 

93,012

 

$

 

98,260

 

$

 

52,820

 

$

 

86,072

 

$

 

101,570

 

$

 

51,686

 

$

 

77,675

 

$

 

317,003

 

$

 

302,477

 

Segment operating income

 

$

 

10,273

 

$

 

11,628

 

$

 

5,361

 

$

 

9,817

 

$

 

11,669

 

$

 

5,346

 

$

 

8,413

 

$

 

35,245

 

$

 

33,267

 

Consumer orders

 

1,283

 

1,425

 

712

 

1,178

 

1,496

 

709

 

1,102

 

4,485

 

4,333

 

Average order value

 

$

 

68.46

 

$

 

64.92

 

$

 

69.89

 

$

 

69.00

 

$

 

63.96

 

$

 

68.56

 

$

 

66.24

 

$

 

66.57

 

$

 

65.73

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Florist:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment revenues

 

$

 

47,538

 

$

 

41,365

 

$

 

36,083

 

$

 

42,641

 

$

 

41,071

 

$

 

35,333

 

$

 

39,135

 

$

 

158,180

 

$

 

151,856

 

Segment operating income

 

$

 

13,592

 

$

 

12,318

 

$

 

10,094

 

$

 

11,267

 

$

 

11,622

 

$

 

10,028

 

$

 

11,508

 

$

 

44,425

 

$

 

41,442

 

Average revenues per member

 

$

 

3,358

 

$

 

3,011

 

$

 

2,649

 

$

 

2,899

 

$

 

2,867

 

$

 

2,495

 

$

 

2,748

 

$

 

11,004

 

$

 

10,259

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

International:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment revenues

 

$

 

54,982

 

$

 

30,472

 

$

 

32,763

 

$

 

52,581

 

$

 

30,881

 

$

 

32,458

 

$

 

41,161

 

$

 

157,081

 

$

 

150,935

 

Segment operating income

 

$

 

7,194

 

$

 

2,858

 

$

 

3,508

 

$

 

7,257

 

$

 

3,437

 

$

 

2,823

 

$

 

4,772

 

$

 

18,289

 

$

 

18,925

 

Consumer orders

 

921

 

496

 

538

 

819

 

501

 

530

 

685

 

2,535

 

2,295

 

Average order value (in GBP)

 

£

 

32.95

 

£

 

33.05

 

£

 

32.76

 

£

 

34.34

 

£

 

32.35

 

£

 

32.26

 

£

 

31.29

 

£

 

32.69

 

£

 

34.50

 

Average order value (in USD)

 

$

 

50.65

 

$

 

50.80

 

$

 

50.85

 

$

 

54.16

 

$

 

51.16

 

$

 

51.01

 

$

 

50.32

 

$

 

51.87

 

$

 

55.39

 

Average currency exchange rate: GBP to USD

 

1.54

 

1.54

 

1.55

 

1.58

 

1.58

 

1.58

 

1.61

 

1.59

 

1.61

 

 

9