| Business Segments And Geographic Area Information |
Note 22 – Business Segments and Geographic Area Information
The table below sets forth certain information concerning our cinema operations and our real estate operations (which includes information relating to both our real estate development, retail rental and live theater rental activities) for the three years ended December 31, 2013 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2013
|
Cinema Exhibition
|
Real Estate
|
Intersegment Eliminations
|
Total
|
|
Revenue
|
$
|
239,418
|
$
|
26,456
|
$
|
(7,653)
|
$
|
258,221
|
|
Operating expense
|
|
200,859
|
|
10,830
|
|
(7,653)
|
|
204,036
|
|
Depreciation and amortization
|
|
10,741
|
|
4,023
|
|
--
|
|
14,764
|
|
General and administrative expense
|
|
3,273
|
|
644
|
|
--
|
|
3,917
|
|
Segment operating income
|
$
|
24,545
|
$
|
10,959
|
$
|
--
|
$
|
35,504
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2012
|
Cinema Exhibition
|
Real Estate
|
Intersegment Eliminations
|
Total
|
|
Revenue
|
$
|
234,703
|
$
|
27,256
|
$
|
(7,529)
|
$
|
254,430
|
|
Operating expense
|
|
198,040
|
|
11,163
|
|
(7,529)
|
|
201,674
|
|
Depreciation and amortization
|
|
11,154
|
|
4,441
|
|
--
|
|
15,595
|
|
General and administrative expense
|
|
2,598
|
|
718
|
|
--
|
|
3,316
|
|
Impairment expense
|
|
--
|
|
1,463
|
|
--
|
|
1,463
|
|
Segment operating income
|
$
|
22,911
|
$
|
9,471
|
$
|
--
|
$
|
32,382
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2011
|
Cinema Exhibition
|
Real Estate
|
Intersegment Eliminations
|
Total
|
|
Revenue
|
$
|
225,849
|
$
|
26,562
|
$
|
(7,432)
|
$
|
244,979
|
|
Operating expense
|
|
189,647
|
|
10,190
|
|
(7,432)
|
|
192,405
|
|
Depreciation and amortization
|
|
11,842
|
|
4,444
|
|
--
|
|
16,286
|
|
General and administrative expense
|
|
2,740
|
|
646
|
|
--
|
|
3,386
|
|
Impairment expense
|
|
--
|
|
369
|
|
--
|
|
369
|
|
Segment operating income
|
$
|
21,620
|
$
|
10,913
|
$
|
--
|
$
|
32,533
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation to net income attributable
|
|
|
|
|
|
|
|
|
|
to Reading International, Inc. shareholders:
|
|
|
|
2013
|
|
2012
|
|
2011
|
|
Total segment operating income
|
|
|
$
|
35,504
|
$
|
32,382
|
$
|
32,533
|
|
Non-segment:
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization expense
|
|
|
|
433
|
|
454
|
|
309
|
|
General and administrative expense
|
|
|
|
14,136
|
|
12,801
|
|
14,046
|
|
Operating income
|
|
|
|
20,935
|
|
19,127
|
|
18,178
|
|
Interest expense, net
|
|
|
|
(10,037)
|
|
(16,426)
|
|
(21,038)
|
|
Other income (loss)
|
|
|
|
1,876
|
|
(563)
|
|
1,157
|
|
Gain (loss) on sale of assets
|
|
|
|
(56)
|
|
144
|
|
(67)
|
|
Income tax benefit (expense)
|
|
|
|
(4,942)
|
|
(4,904)
|
|
12,330
|
|
Equity earnings (loss) of unconsolidated joint ventures and entities
|
|
|
|
1,369
|
|
1,621
|
|
(1,552)
|
|
Income (loss) from discontinued operations
|
|
|
|
--
|
|
(85)
|
|
232
|
|
Gain (loss) on sale of discontinued operation
|
|
|
|
--
|
|
(320)
|
|
1,656
|
|
Net income (loss)
|
|
|
$
|
9,145
|
$
|
(1,406)
|
$
|
10,896
|
|
Net (income) loss attributable to noncontrolling interests
|
|
|
|
(104)
|
|
492
|
|
(940)
|
|
Net income (loss) attributable to Reading International, Inc. common shareholders
|
|
|
$
|
9,041
|
$
|
(914)
|
$
|
9,956
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
|
|
Summary of assets:
|
|
2013
|
|
2012
|
|
2011
|
|
Segment assets
|
$
|
347,637
|
$
|
408,667
|
$
|
414,608
|
|
Corporate assets
|
|
39,170
|
|
19,921
|
|
16,156
|
|
Total Assets
|
$
|
386,807
|
$
|
428,588
|
$
|
430,764
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
|
|
Summary of capital expenditures:
|
|
2013
|
|
2012
|
|
2011
|
|
Segment capital expenditures
|
$
|
19,910
|
$
|
13,390
|
$
|
8,419
|
|
Corporate capital expenditures
|
|
172
|
|
333
|
|
957
|
|
Total capital expenditures
|
$
|
20,082
|
$
|
13,723
|
$
|
9,376
|
The cinema results shown above include revenue and operating expense directly linked to our cinema assets. The real estate results include rental income from our properties and live theater venues and operating expense directly linked to our property assets.
The following table sets forth the book value of our operating property by geographical area (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
|
|
|
|
2013
|
|
2012
|
|
Australia
|
$
|
97,240
|
$
|
106,020
|
|
New Zealand
|
|
36,319
|
|
35,456
|
|
United States
|
|
58,101
|
|
61,302
|
|
Total operating property
|
$
|
191,660
|
$
|
202,778
|
The following table sets forth our revenue by geographical area (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
|
|
|
|
2013
|
|
2012
|
|
2011
|
|
Australia
|
$
|
100,399
|
$
|
108,320
|
$
|
110,742
|
|
New Zealand
|
|
26,310
|
|
24,608
|
|
22,247
|
|
United States
|
|
131,512
|
|
121,502
|
|
111,990
|
|
Total revenue
|
$
|
258,221
|
$
|
254,430
|
$
|
244,979
|
|