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Ownership Interests and Cost Method Companies (Tables)
 6 Months Ended
Jun. 30, 2013
Summarized Financial Information Related to Companies Accounted for Under Equity Method of Accounting

The following unaudited summarized financial information relates to ICG’s companies accounted for under the equity method of accounting as of June 30, 2013 and December 31, 2012 and for the three- and six-month periods ended June 30, 2013 and 2012. This aggregate information has been compiled from the financial statements of those companies.

 

Balance Sheets (Unaudited)

 

 

June 30,

2013 (1)

 

  

December 31,
2012 (2)

 

 

(in thousands)

 

Cash and cash equivalents             

$

  6,137

  

  

$

  5,572

  

Other current assets             

 

  11,103

  

  

 

  11,268

  

Non-current assets             

 

  13,514

  

  

 

  13,218

  

Total assets             

$

  30,754

  

  

$

  30,058

  

 

 

 

 

 

 

 

 

Current liabilities             

$

  16,233

  

  

$

  21,115

  

Non-current liabilities             

 

  6,277

  

  

 

  1,397

  

Long-term debt             

 

  15,809

  

  

 

  12,670

  

Stockholders’ deficit             

 

(7,565

)  

  

 

(5,124

) 

Total liabilities and stockholders’ deficit             

$

  30,754

  

  

$

  30,058

  

 

 

 

 

 

 

 

 

Total carrying value             

$

  14,685

  

  

$

  13,333

  

 

 

(1)              Includes (ICG voting ownership): Acquirgy (25%), CIML (38%), Freeborders (31%) and WhiteFence (36%).

(2)              Includes (ICG voting ownership): Acquirgy (25%), Freeborders (31%) and WhiteFence (36%).

Results of Operations

Results of Operations (Unaudited)

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2013 (1)

 

 

2012 (2)

 

 

2013 (3)

 

 

2012 (2)

 

 

(in thousands)

 

Revenue             

$

  12,490

  

  

$

  29,751

  

  

$

  25,595

  

  

$

  59,105

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)             

$

(2,976

) 

  

$

(7,094

) 

  

$

(5,114

)  

  

$

(12,561

) 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity income (loss) excluding impairments and amortization of intangible assets             

$

(875

)  

  

$

(2,909

) 

  

$

(1,555

)  

  

$

(4,947

) 

Amortization of intangible assets             

$

(48

)  

  

 

(327

) 

  

$

(69

)  

  

 

(592

) 

Total equity income (loss)             

$

(923

)  

  

$

(3,236

) 

  

$

(1,624

)  

  

$

(5,539

) 

 

 

 

(1)              Includes Acquirgy, CIML, Freeborders and WhiteFence.

(2)              Includes Acquirgy, Bolt, CIML, Freeborders, GoIndustry-DoveBid plc (“GoIndustry”) and WhiteFence.

(3)              Includes Acquirgy, CIML (from February 20, 2013, the date of deconsolidation), Freeborders and WhiteFence.