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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2013
Summary of Selected Information Related to Segments

The following summarizes selected information related to ICG’s segments for the years ended December 31, 2013, 2012 and 2011. The amounts presented as “Dispositions” in the following table represent businesses reported as discontinued operations as of December 31, 2013 and ICG’s share of businesses’ results that had been accounted for under the equity method of accounting that were disposed during the years ended December 31, 2013, 2012 and 2011. Businesses reported as discontinued operations as of December 31, 2013 include the following: (1) Procurian, which was sold to Accenture on December 4, 2013, (2) Channel Intelligence, which was sold to Google on February 20, 2013, and (3) InvestorForce, which was sold to MSCI on January 29, 2013.  Businesses that were accounted for under the equity method of accounting and were disposed of during the three years ended December 31, 2013 include the following: (1) WhiteFence, substantially all of the assets of which were acquired by Allconnect on October 28, 2013, (2) Freeborders, which was merged with Symbio on October 18, 2013, (3) GoIndustry, which was sold to Liquidity Services on July 5, 2012, (4) StarCite, which was sold to Active on December 30, 2011, (5) ClickEquations, substantially all of the assets of which were acquired by Channel Intelligence on June 14, 2011, and (6) Metastorm, which was sold to Open Text on February 17, 2011.  The results of these businesses (or our share of the results in the case of the equity-method businesses, including any related intangible amortization) were removed from our segments and are included in “Dispositions” in the segment information table below for all periods presented.

 

 

  

Segment Information

 

 

 

(in thousands)

 

 

 

 

 

 

Reconciling Items

 

 

 

  

Vertical Cloud

 

  

Vertical Cloud - Venture

 

 

Total Segment

 

  

Dispositions

 

  

Other  (1)

 

  

Consolidated
Results

 

Year Ended December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue.

 

$

58,772

 

 

$

429

  

 

$

59,201

 

 

$

—

 

 

$

—

 

 

$

59,201

 

Net income (loss) attributable to ICG Group, Inc.

  

$

(18,026

)

 

$

(2,320

)

 

$

(20,346

)

 

$

230,773

 

 

$

(1,368

)

 

$

209,059

 

Assets

 

$

179,687

 

 

$

15,879

 

 

$

195,566

 

 

$

—

 

 

$

334,038

 

 

$

529,604

 

Capital  expenditures

 

$

(1,183

)

 

$

(26

)

 

$

(1,209

)

 

$

—

 

 

$

(34

)

 

$

(1,243

)

 

Year Ended December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

26,026

 

 

$

614

 

 

$

26,640

 

 

$

—

 

 

$

—

 

 

$

26,640

  

Net income (loss) attributable to ICG Group, Inc.

 

$

(18,244

)

 

$

(2,835

)

 

$

(21,079

)

 

$

10,440

 

 

$

33,628

 

 

$

22,989

 

Assets

 

$

173,300

 

 

$

14,820

 

 

$

188,120

 

 

$

242,938

 

 

$

16,001

 

 

$

447,059

 

Capital  expenditures

 

$

(5,487

)

 

$

—

 

 

$

(5,487

)

 

$

—

 

 

$

(1,503

)

 

$

(6,990

)

 

Year Ended December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

12,885

 

 

$

—

  

 

$

12,885

 

 

$

—

 

 

$

—

 

 

$

12,885

 

Net income (loss) attributable to ICG Group, Inc.

 

$

(7,490

)

 

$

—

 

 

$

(7,490

)

 

$

11,031

 

 

$

24,025

 

 

$

27,566

 

Assets

 

$

30,023

 

 

$

9,478

 

 

$

39,501

 

 

$

138,481

 

 

$

128,838

 

 

$

306,820

 

Capital  expenditures

 

$

(826

)

 

$

—

 

 

$

(826

)

 

$

—

 

 

$

(85

)

 

$

(912

)

(1) 

The following table reflects the components of Net income (loss) attributable to ICG Group, Inc. included in Other (in thousands):

 

 

  

Year Ended December 31,

 

 

  

2013

 

  

2012

 

  

2011

 

General and administrative

  

$

(19,132

)

  

$

(23,113

)

  

$

(17,086

)  

Impairment related and other

 

 

(2,953

)

 

 

(865

)

 

 

26

 

Corporate other income (loss) (Note 13)

 

 

(4,102

)

 

 

57,824

  

 

 

43,207

 

Interest income

 

 

171

  

 

 

374

  

 

 

348

 

Income tax benefit (expense)

 

 

17,630

 

 

 

1

  

 

 

464

 

Equity loss

 

 

—

 

 

 

(1

)  

 

 

(699

)

Noncontrolling interest (income) loss

 

 

7,018

  

 

 

(592

)

 

 

(2,235

)

 Net income (loss)

  

$

(1,368

)

  

$

33,628

 

  

$

24,025