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Equity and Cost Method Businesses (Tables)
 3 Months Ended
Mar. 31, 2014
Summarized Financial Information Related to Companies Accounted for Under Equity Method of Accounting

The following unaudited summarized financial information relates to ICG’s businesses accounted for under the equity method of accounting as of March 31, 2014 and December 31, 2013. This aggregate information has been compiled from the financial statements of those businesses.

Balance Sheets (Unaudited)

 

 

March 31,

 

 

December 31,

 

 

2014 (1)

 

 

2013 (1)

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

2,753

 

 

$

5,909

 

Other current assets

 

1,577

 

 

 

2,002

 

Non-current assets

 

351

 

 

 

399

 

Total assets

$

4,681

 

 

$

8,310

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

$

8,490

 

 

$

11,085

 

Non-current liabilities

 

137

 

 

 

65

 

Long-term debt

 

0

 

 

 

-

 

Stockholders' deficit

 

(3,946

)

 

 

(2,840

)

Total liabilities and stockholders' deficit

$

4,681

 

 

$

8,310

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total carrying value

$

464

 

 

$

775

 

(1) 

Includes (ICG voting ownership): Acquirgy (25%) and CIML (38%).  
Results of Operations

Results of Operations (Unaudited)

 

 

Three Months Ended March 31,

 

 

2014 (1)

 

 

2013 (2)

 

 

(in thousands)

 

Revenue

$

2,554

 

 

$

13,105

 

 

 

 

 

 

 

 

 

Net income (loss)

$

(441

)

 

$

(2,138

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity income (loss) excluding impairments and

 

 

 

 

 

 

 

amortization of intangible assets

$

(264

)

 

$

(680

)

Amortization of intangible assets

 

(48

)

 

 

(21

)

Total equity income (loss)

$

(312

)

 

$

(701

)

(1) 

Includes Acquirgy and CIML.

(2) 

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