SEC Info - Entravision Communications Corp - ‘10-K’ for 12/31/13

Entravision Communications Corp – ‘10-K’ for 12/31/13 – ‘R11’

On: Monday, 3/10/14, at 4:16pm ET · For: 12/31/13 · Accession #: 1193125-14-91537 · File #: 1-15997

As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/10/14 Entravision Communications Corp 10-K 12/31/13 98:9.4M Donnelley … Solutions/FA

Document/Exhibit Description Pages Size 1: 10-K Annual Report HTML 1.26M 2: EX-21 Subsidiaries List HTML 28K 3: EX-23.1 Consent of Experts or Counsel HTML 27K 4: EX-31.1 Certification -- §302 - SOA'02 HTML 32K 5: EX-31.2 Certification -- §302 - SOA'02 HTML 32K 6: EX-32 Certification -- §906 - SOA'02 HTML 28K 66: R1 Document and Entity Information HTML 60K 53: R2 Consolidated Balance Sheets HTML 123K 64: R3 Consolidated Balance Sheets (Parenthetical) HTML 60K 69: R4 Consolidated Statements of Operations HTML 90K 88: R5 Consolidated Statements of Operations HTML 41K (Parenthetical) 55: R6 Consolidated Statements of Comprehensive Income HTML 40K 63: R7 Consolidated Statements of Stockholders' Equity HTML 67K (Deficit) 48: R8 Consolidated Statements of Cash Flows HTML 116K 38: R9 Nature of Business HTML 32K 89: R10 Summary of Significant Accounting Policies HTML 99K 71: R11 Acquisitions HTML 40K 70: R12 Goodwill and Other Intangible Assets HTML 71K 76: R13 Property and Equipment HTML 46K 77: R14 Accounts Payable and Accrued Expenses HTML 40K 74: R15 Long-Term Debt HTML 96K 78: R16 Derivative Instruments HTML 42K 65: R17 Fair Value Measurements HTML 38K 67: R18 Income Taxes HTML 88K 73: R19 Commitments and Contingencies HTML 41K 98: R20 Stockholders' Equity HTML 39K 84: R21 Equity Incentive Plans HTML 89K 59: R22 Related-Party Transactions HTML 66K 72: R23 Accumulated Other Comprehensive Income HTML 37K 61: R24 Litigation HTML 30K 29: R25 Segment Data HTML 94K 85: R26 Quarterly Results of Operations HTML 48K 93: R27 Schedule II - 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3. ACQUISITIONS

Upon consummation of each acquisition the Company evaluates whether the acquisition constitutes a business. An acquisition is considered a business if it is comprised of a complete self-sustaining integrated set of activities and assets consisting of inputs and processes applied to those inputs that are used to generate revenues. For a transferred set of activities and assets to be a business, it must contain all of the inputs and processes necessary for it to continue to conduct normal operations after the transferred set is separated from the transferor, which includes the ability to sustain a revenue stream by providing its outputs to customers. A transferred set of activities and assets fails the definition of a business if it excludes one or more significant items such that it is not possible for the set to continue normal operations and sustain a revenue stream by providing its products and/or services to customers.

All business acquisitions have been accounted for as purchase business combinations with the operations of the businesses included subsequent to their acquisition dates. The allocation of the respective purchase prices is generally based upon independent appraisals and or management’s estimates of the discounted future cash flows to be generated from the media properties for intangible assets, and replacement cost for tangible assets. Deferred income taxes are provided for temporary differences based upon management’s best estimate of the tax basis of acquired assets and liabilities that will ultimately be accepted by the applicable taxing authority.

2011 Acquisition

On January 3, 2011, the Company completed the acquisition of Lotus/Entravision Reps LLC, or LER, a representation firm that sells national spots and digital advertising to advertising agencies on behalf of the Company and other clients. The Company previously owned 50% of LER which was accounted for under the equity method. The Company decided to acquire the 50% of LER that it did not own in order to integrate LER’s operations with the Company’s radio operations. The Company paid $1.1 million for the remaining 50% of LER.

As a result of the Company’s obtaining control of LER, the Company’s previously-held 50% interest was remeasured to its fair value of $1.1 million. The resulting gain of $0.7 million is included in the line item ‘Other income (loss)’ on the consolidated statement of operations. LER is now known as Entravision Solutions.

The following is a summary of the purchase price allocation for the Company’s acquisition of LER (in millions):


Cash and cash equivalents	$	0.5
Trade accounts receivable		2.1
Prepaids and other assets		0.1
Property and equipment		0.1
Intangible assets subject to amortization		0.5
Goodwill		0.7
Current liabilities		(1.8	)

	$	2.2

The goodwill, which is expected to be deductible for tax purposes, is assigned to the radio broadcasting segment and is attributable to expected synergies from combining LER’s operations with the Company’s.

The acquired receivables approximate their fair value inclusive of collection risk, which was not significant. Acquisition-related costs were not significant and LER’s historical revenue and net income were not significant to the Company’s results for any of the periods presented.

This ‘10-K’ Filing

Date

Other Filings

Filed on:

3/10/14

For Period end:

12/31/13

11-K

1/3/11

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Entravision Communications Corp – ‘10-K’ for 12/31/13 – ‘R11’

On: Monday, 3/10/14, at 4:16pm ET · For: 12/31/13 · Accession #: 1193125-14-91537 · File #: 1-15997

Previous ‘10-K’: ‘10-K’ on 3/11/13 for 12/31/12 · Next: ‘10-K’ on 3/6/15 for 12/31/14 · Latest: ‘10-K’ on 3/14/24 for 12/31/23

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

‘R11’ — Acquisitions

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Entravision Communications Corp – ‘10-K’ for 12/31/13 – ‘R11’

On: Monday, 3/10/14, at 4:16pm ET · For: 12/31/13 · Accession #: 1193125-14-91537 · File #: 1-15997

Previous ‘10-K’: ‘10-K’ on 3/11/13 for 12/31/12 · Next: ‘10-K’ on 3/6/15 for 12/31/14 · Latest: ‘10-K’ on 3/14/24 for 12/31/23

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘R11’ — Acquisitions

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents