星空传媒 Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2017

听

Schedule Of Segment Reporting Information, By Segment

The following tables present a summary of our reportable segments for the three and nine months ended September听30, 2017 and 2016, including a reconciliation of segment sales margin to Income from Continuing Operations Before Income Taxes and a reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA:

听

(In Millions)

听

Three Months Ended
September 30,

听

Nine Months Ended
September 30,

听

2017

听

2016

听

2017

听

2016

Revenues from product sales and services:

听

U.S. Iron Ore

596.7

听

428.3

听

1,354.2

听

975.5

听

Asia Pacific Iron Ore

101.7

听

125.0

听

375.1

听

379.5

听

Total revenues from product sales and services

698.4

听

100

听

553.3

听

100

听

1,729.3

听

100

听

1,355.0

听

100

听

Sales margin:

听

U.S. Iron Ore

157.2

听

66.5

听

349.8

听

149.7

听

Asia Pacific Iron Ore

3.0

听

18.9

听

51.2

听

58.1

听

Sales margin

160.2

听

85.4

听

401.0

听

207.8

听

Other operating expense

(30.5

)

听

(50.7

)

听

(74.8

)

听

(98.7

)

听

Other income (expense)

(116.7

)

听

(66.9

)

听

(266.2

)

听

8.3

听

Income (loss) from continuing operations before income taxes

13.0

听

(32.2

)

听

60.0

听

117.4

听



听	(In Millions)
听	Three Months Ended September 30,							听	Nine Months Ended September 30,
听	2017			听	2016			听	2017			听	2016
Net Income (Loss)	$	52.9		听	$	(27.8	)	听	$	53.2		听	$	118.5
Less:	听			听	听			听	听			听	听
Interest expense, net	(28.9		)	听	(48.7		)	听	(103.1		)	听	(156.2		)
Income tax benefit	7.6			听	7.1			听	6.8			听	1.7
Depreciation, depletion and amortization	(21.5		)	听	(26.8		)	听	(66.3		)	听	(88.9		)
EBITDA	$	95.7		听	$	40.6		听	$	215.8		听	$	361.9
Less:	听			听	听			听	听			听	听
Gain (loss) on extinguishment/restructuring of debt	$	(88.6	)	听	$	(18.3	)	听	$	(165.4	)	听	$	164.1
Foreign exchange remeasurement	(2.4		)	听	(0.3		)	听	11.2			听	(1.2		)
Impact of discontinued operations	32.3			听	(2.7		)	听	(13.6		)	听	(0.6		)
Severance and contractor termination costs	鈥�			听	鈥�			听	鈥�			听	(0.1		)
Adjusted EBITDA	$	154.4		听	$	61.9		听	$	383.6		听	$	199.7
听	听			听	听			听	听			听	听
EBITDA	听			听	听			听	听			听	听
U.S. Iron Ore	$	168.9		听	$	61.1		听	$	381.8		听	$	196.6
Asia Pacific Iron Ore	2.3			听	21.2			听	54.9			听	69.6
Other	(75.5		)	听	(41.7		)	听	(220.9		)	听	95.7
Total EBITDA	$	95.7		听	$	40.6		听	$	215.8		听	$	361.9
听	听			听	听			听	听			听	听
Adjusted EBITDA:	听			听	听			听	听			听	听
U.S. Iron Ore	$	174.2		听	$	65.3		听	$	399.8		听	$	208.6
Asia Pacific Iron Ore	4.9			听	23.7			听	61.7			听	73.2
Other	(24.7		)	听	(27.1		)	听	(77.9		)	听	(82.1		)
Total Adjusted EBITDA	$	154.4		听	$	61.9		听	$	383.6		听	$	199.7



听	(In Millions)
听	Three Months Ended September 30,					听	Nine Months Ended September 30,
听	2017		听	2016		听	2017		听	2016
Depreciation, depletion and amortization:	听		听	听		听	听		听	听
U.S. Iron Ore	$	16.5	听	$	18.8	听	$	49.6	听	$	65.1
Asia Pacific Iron Ore	3.3		听	6.3		听	11.3		听	19.2
Other	1.7		听	1.7		听	5.4		听	4.6
Total depreciation, depletion and amortization	$	21.5	听	$	26.8	听	$	66.3	听	$	88.9
听	听		听	听		听	听		听	听
Capital additions:	听		听	听		听	听		听	听
U.S. Iron Ore	$	19.2	听	$	25.8	听	$	70.9	听	$	39.5
Asia Pacific Iron Ore	0.8		听	0.2		听	1.6		听	0.2
Other	7.1		听	0.4		听	7.1		听	4.8
Total capital additions¹	$	27.1	听	$	26.4	听	$	79.6	听	$	44.5
听	听		听	听		听	听		听	听
¹Includes cash paid for capital additions of $78.9 million and $45.8 million and an increase in non-cash accruals of $0.7 million and a decrease in non-cash accruals of $1.3 million for the nine months ended September 30, 2017 and 2016, respectively.

Summary of Assets by Segment

A summary of assets by segment is as follows:



听	(In Millions)
听	September听30, 2017		听	December听31, 2016
Assets:	听		听	听
U.S. Iron Ore	$	1,467.2	听	$	1,372.5
Asia Pacific Iron Ore	139.4		听	155.1
Total segment assets	1,606.6		听	1,527.6
Corporate	316.7		听	396.3
Total assets	$	1,923.3	听	$	1,923.9