v2.4.1.9
ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I FINANCIAL INFORMATION OF PARENT COMPANY
|
12 Months Ended |
|
ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I FINANCIAL INFORMATION OF PARENT COMPANY [Abstract] |
|
ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I FINANCIAL INFORMATION OF PARENT COMPANY |
AIRMEDIA GROUP INC.
ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I
FINANCIAL INFORMATION OF PARENT COMPANY
BALANCE SHEETS
(In U.S. dollars in thousands, except share related data)
|
|
As of December 31, |
|
|
|
2013 |
|
|
2014 |
|
Assets |
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
14 |
|
|
$ |
2,029 |
|
Amount due from subsidiaries |
|
|
181,245 |
|
|
|
178,347 |
|
Other current assets |
|
|
335 |
|
|
|
556 |
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
181,594 |
|
|
|
180,932 |
|
|
|
|
|
|
|
|
|
|
Non-current assets |
|
|
|
|
|
|
|
|
Investment in subsidiaries |
|
|
93,416 |
|
|
|
71,023 |
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
|
|
275,010 |
|
|
|
251,955 |
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
Amount due to subsidiaries |
|
|
3,652 |
|
|
|
3,135 |
|
Accrued expenses and other current liabilities |
|
|
392 |
|
|
|
84 |
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
|
4,044 |
|
|
|
3,219 |
|
|
|
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
|
|
Ordinary Shares ($0.001 par value; 900,000,000 shares authorized in 2013 and 2014; 127,662,057 shares and 127,662,057 shares issued as of December 31, 2013 and 2014, respectively; 119,134,135 shares and 119,942,413 shares outstanding as of December 31, 2013 and 2014, respectively) |
|
|
128 |
|
|
|
128 |
|
Additional paid in capital |
|
|
313,912 |
|
|
|
323,167 |
|
Treasury stock (8,527,922 and 7,719,644 shares as of December 31, 2013 and 2014, respectively) |
|
|
(9,860 |
) |
|
|
(9,236 |
) |
Accumulated deficits |
|
|
(73,443 |
) |
|
|
(99,138 |
) |
Accumulated other comprehensive income |
|
|
40,229 |
|
|
|
33,815 |
|
|
|
|
|
|
|
|
|
|
Total equity |
|
|
270,966 |
|
|
|
248,736 |
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES AND EQUITY |
|
$ |
275,010 |
|
|
$ |
251,955 |
|
AIRMEDIA GROUP INC.
ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I
FINANCIAL INFORMATION OF PARENT COMPANY
STATEMENTS OF OPERATIONS
(In U.S. dollars in thousands)
|
|
For the years ended December 31, |
|
|
|
2012 |
|
|
2013 |
|
|
2014 |
|
Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
Selling and marketing |
|
$ |
(859 |
) |
|
$ |
- |
|
|
$ |
(144 |
) |
General and administrative |
|
|
(3,282 |
) |
|
|
(2,239 |
) |
|
|
(1,676 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating expenses |
|
|
(4,141 |
) |
|
|
(2,239 |
) |
|
|
(1,820 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment loss in subsidiaries |
|
|
(28,587 |
) |
|
|
(8,387 |
) |
|
|
(23,875 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable to holders of ordinary shares |
|
$ |
(32,728 |
) |
|
$ |
(10,626 |
) |
|
$ |
(25,695 |
) |
AIRMEDIA GROUP INC.
ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I
FINANCIAL INFORMATION OF PARENT COMPANY
STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)
(In U.S. dollars in thousands)
|
|
For the years ended December 31, |
|
|
|
2012 |
|
|
2013 |
|
|
2014 |
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(32,728 |
) |
|
$ |
(10,626 |
) |
|
$ |
(25,695 |
) |
Other comprehensive income, net of tax: |
|
|
|
|
|
|
|
|
|
|
|
|
Change in cumulative foreign currency translation adjustment |
|
|
2,214 |
|
|
|
7,281 |
|
|
|
(6,414 |
) |
Comprehensive income loss attributable to Parent Company |
|
$ |
(30,514 |
) |
|
$ |
(3,345 |
) |
|
$ |
(32,109 |
) |
AIRMEDIA GROUP INC.
ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I
FINANCIAL INFORMATION OF PARENT COMPANY
STATEMENTS OF CHANGES IN EQUITY
(In U.S. dollars in thousands, except share related data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
other |
|
|
|
|
|
|
Ordinary shares |
|
|
Additional |
|
|
Treasury |
|
|
Accumulated |
|
|
comprehensive |
|
|
Total |
|
|
|
Shares |
|
|
Amount |
|
|
paid in capital |
|
|
stock |
|
|
deficits |
|
|
income |
|
|
equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of January 1, 2012 |
|
|
125,247,597 |
|
|
$ |
128 |
|
|
$ |
275,150 |
|
|
$ |
(3,775 |
) |
|
$ |
(30,089 |
) |
|
$ |
30,734 |
|
|
$ |
272,148 |
|
Ordinary shares issued for share based compensation |
|
|
137,166 |
|
|
|
- |
|
|
|
- |
|
|
|
161 |
|
|
|
- |
|
|
|
- |
|
|
|
161 |
|
Share repurchase as treasury stock |
|
|
(3,272,278 |
) |
|
|
- |
|
|
|
- |
|
|
|
(3,421 |
) |
|
|
- |
|
|
|
- |
|
|
|
(3,421 |
) |
Share-based compensation |
|
|
- |
|
|
|
- |
|
|
|
3,502 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
3,502 |
|
Foreign currency translation adjustment |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
2,214 |
|
|
|
2,214 |
|
Net loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(32,728 |
) |
|
|
- |
|
|
|
(32,728 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2012 |
|
|
122,112,485 |
|
|
$ |
128 |
|
|
$ |
278,652 |
|
|
$ |
(7,035 |
) |
|
$ |
(62,817 |
) |
|
$ |
32,948 |
|
|
$ |
241,876 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ordinary shares issued for share based compensation |
|
|
18,400 |
|
|
|
- |
|
|
|
- |
|
|
|
21 |
|
|
|
- |
|
|
|
- |
|
|
|
21 |
|
Share repurchase as treasury stock |
|
|
(2,996,750 |
) |
|
|
- |
|
|
|
- |
|
|
|
(2,846 |
) |
|
|
- |
|
|
|
- |
|
|
|
(2,846 |
) |
Share-based compensation |
|
|
- |
|
|
|
- |
|
|
|
1,251 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,251 |
|
Foreign currency translation adjustment |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
7,281 |
|
|
|
7,281 |
|
Capital contribution from non-controlling interests |
|
|
- |
|
|
|
- |
|
|
|
39,825 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
39,825 |
|
Acquisition of non-controlling interests |
|
|
- |
|
|
|
- |
|
|
|
(5,816 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(5,816 |
) |
Net loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(10,626 |
) |
|
|
- |
|
|
|
(10,626 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2013 |
|
|
119,134,135 |
|
|
$ |
128 |
|
|
$ |
313,912 |
|
|
$ |
(9,860 |
) |
|
$ |
(73,443 |
) |
|
$ |
40,229 |
|
|
$ |
270,966 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ordinary shares issued for share based compensation |
|
|
808,278 |
|
|
|
- |
|
|
|
- |
|
|
|
624 |
|
|
|
- |
|
|
|
- |
|
|
|
624 |
|
Share-based compensation |
|
|
- |
|
|
|
- |
|
|
|
1,359 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,359 |
|
Foreign currency translation adjustment |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(6,414 |
) |
|
|
(6,414 |
) |
Capital contribution from non-controlling interests |
|
|
- |
|
|
|
- |
|
|
|
6,463 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
6,463 |
|
Disposal of equity interests of AM Film and AM Lianhe |
|
|
- |
|
|
|
- |
|
|
|
1,433 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,433 |
|
Net loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(25,695 |
) |
|
|
- |
|
|
|
(25,695 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2014 |
|
|
119,942,413 |
|
|
$ |
128 |
|
|
$ |
323,167 |
|
|
$ |
(9,236 |
) |
|
$ |
(99,138 |
) |
|
$ |
33,815 |
|
|
$ |
248,736 |
|
AIRMEDIA GROUP INC.
ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I
FINANCIAL INFORMATION OF PARENT COMPANY
STATEMENTS OF CASH FLOWS
(In U.S. dollars in thousands)
|
|
For the years ended December 31, |
|
|
|
2012 |
|
|
2013 |
|
|
2014 |
|
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(32,728 |
) |
|
$ |
(10,626 |
) |
|
$ |
(25,695 |
) |
Investment loss in subsidiaries |
|
|
28,587 |
|
|
|
8,387 |
|
|
|
23,875 |
|
Share-based compensation |
|
|
3,502 |
|
|
|
1,251 |
|
|
|
1,359 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CHANGES IN WORKING CAPITAL ACCOUNTS |
|
|
|
|
|
|
|
|
|
|
|
|
Other current assets |
|
|
(597 |
) |
|
|
444 |
|
|
|
(221 |
) |
Accounts payable |
|
|
(40 |
) |
|
|
- |
|
|
|
- |
|
Accrued expenses and other current liabilities |
|
|
(421 |
) |
|
|
(3 |
) |
|
|
(308 |
) |
Amount due to subsidiaries |
|
|
265 |
|
|
|
3,231 |
|
|
|
(517 |
) |
Amount due from subsidiaries |
|
|
2,497 |
|
|
|
(41 |
) |
|
|
2,898 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities |
|
|
1,065 |
|
|
|
2,643 |
|
|
|
1,391 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
|
Cash paid for treasury stock |
|
|
(3,421 |
) |
|
|
(2,846 |
) |
|
|
- |
|
Proceeds from exercises of stock options |
|
|
161 |
|
|
|
21 |
|
|
|
624 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by financing activities |
|
|
(3,260 |
) |
|
|
(2,825 |
) |
|
|
624 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (decrease)/increase in cash |
|
|
(2,195 |
) |
|
|
(182 |
) |
|
|
2,015 |
|
Cash, at beginning of year |
|
|
2,391 |
|
|
|
196 |
|
|
|
14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash, at end of year |
|
$ |
196 |
|
|
$ |
14 |
|
|
$ |
2,029 |
|
AIRMEDIA GROUP INC.
NOTES TO ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I
FINANCIAL INFORMATION OF PARENT COMPANY
(In U.S. dollars in thousands)
Notes:
The condensed financial information of the parent company, AirMedia Group Inc., only has been prepared using the same accounting policies as set out in the Group's consolidated financial statements except that the parent company has used equity method to account for its investment in its subsidiaries, AM Technology, Shenzhen AM, Xi'an AM and Glorious Star, and its VIEs, Shengshi Lianhe, AM Advertising, Jiaming Advertising and AM Yuehang, and VIEs' subsidiaries, AirTV United, AM Film, Flying Dragon, AM Wenzhou, AM Lianhe, Hainan Jinhui, AM Jinshi, TJ Jinshi, Dongding, AM Outdoor, GreatView Media, AM Jinsheng, GZ Meizheng, AM Tianyi and Xinghe Union.
|
2. |
INVESTMENTS IN SUBSIDIARIES AND VARIABLE INTEREST ENTITIES |
The Company, its subsidiaries, its VIEs and VIEs' subsidiaries are included in the consolidated financial statements where the inter-company balances and transactions are eliminated upon consolidation. For the purpose of the Company's stand-alone financial statements, its investments in subsidiaries, VIEs and VIEs' subsidiaries are reported using the equity method of accounting. The Company's share of income and losses from its subsidiaries, VIEs and VIEs' subsidiaries is reported as earnings from subsidiaries, VIEs and VIEs' subsidiaries in the accompanying condensed financial information of parent company.
The Company is a tax exempted company incorporated in the Cayman Islands.
|
X |
- Definition
The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 06
-Article 9
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04)
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 12
Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph c
-Article 5
Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 05
-Paragraph c
-Article 7
+ Details
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Data Type: |
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Balance Type: |
na |
Period Type: |
duration |
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