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Business Segments And Geographic Area Information
 12 Months Ended
Dec. 31, 2014
Business Segments And Geographic Area Information [Abstract]  
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, 2014 (dollars in thousands): 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2014

Cinema Exhibition

Real Estate

Intersegment Eliminations

Total

Revenue

$
237,861 

$
24,348 

$
(7,461)

$
254,748 

Operating expense

 
195,896 

 
9,770 

 
(7,461)

 
198,205 

Depreciation and amortization

 
11,047 

 
4,061 

 

--

 
15,108 

General and administrative expense

 
3,575 

 
1,042 

 

--

 
4,617 

Segment operating income

$
27,343 

$
9,475 

$

--

$
36,818 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation to net income attributable

 

 

 

 

 

 

 

 

to Reading International, Inc. shareholders:

 

 

 

2014

 

2013

 

2012

Total segment operating income

 

 

$
36,818 

$
35,504 

$
32,382 

Non-segment:

 

 

 

 

 

 

 

 

Depreciation and amortization expense

 

 

 
360 

 
433 

 
454 

General and administrative expense

 

 

 
14,285 

 
14,136 

 
12,801 

Operating income

 

 

 
22,173 

 
20,935 

 
19,127 

Interest expense, net

 

 

 
(9,000)

 
(10,037)

 
(16,426)

Other income (loss)

 

 

 
1,646 

 
1,876 

 
(563)

Gain (loss) on sale of assets

 

 

 
25 

 
(56)

 
144 

Income tax benefit (expense)

 

 

 
9,785 

 
(4,942)

 
(4,904)

Equity earnings of unconsolidated joint ventures and entities

 

 

 
1,015 

 
1,369 

 
1,621 

Income (loss) from discontinued operations

 

 

 

--

 

--

 
(85)

Gain (loss) on sale of discontinued operation

 

 

 

--

 

--

 
(320)

Net income (loss)

 

 

$
25,644 

$
9,145 

$
(1,406)

Net (income) loss attributable to noncontrolling interests

 

 

 
57 

 
(104)

 
492 

Net income (loss) attributable to Reading International, Inc. common shareholders

 

 

$
25,701 

$
9,041 

$
(914)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

Summary of assets:

 

2014

 

2013

 

2012

Segment  assets

$
327,432 

$
347,637 

$
408,667 

Corporate assets

 
74,154 

 
39,170 

 
19,921 

Total Assets

$
401,586 

$
386,807 

$
428,588 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

Summary of capital expenditures:

 

2014

 

2013

 

2012

Segment capital expenditures

$
14,310 

$
19,910 

$
13,390 

Corporate capital expenditures

 
604 

 
172 

 
333 

Total capital expenditures

$
14,914 

$
20,082 

$
13,723 

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,

 

 

2014

 

2013

Australia

$
87,536 

$
97,240 

New Zealand

 
39,800 

 
36,319 

United States

 
59,553 

 
58,101 

Total operating property

$
186,889 

$
191,660 

 

The following table sets forth our revenue by geographical area (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

2014

 

2013

 

2012

Australia

$
97,329 

$
100,399 

$
108,320 

New Zealand

 
26,572 

 
26,310 

 
24,608 

United States

 
130,847 

 
131,512 

 
121,502 

Total revenue

$
254,748 

$
258,221 

$
254,430