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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Summary of Selected Information Related to Segments

The following summarizes selected information related to Actua’s segments for the years ended December 31, 2014, 2013 and 2012. The amounts presented as “Dispositions” in the following table represent businesses reported as discontinued operations as of December 31, 2014 and Actua’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, 2014, 2013 and 2012. 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.  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

 

 

Consolidated

 

For the Year Ended December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

84,837

 

 

$

-

 

 

$

84,837

 

 

$

-

 

 

$

-

 

 

$

84,837

 

Net income (loss) attributable to Actua Corporation

 

$

(19,253

)

 

$

(776

)

 

$

(20,029

)

 

$

14,026

 

 

$

(17,553

)

 

$

(23,556

)

Assets

 

$

417,306

 

 

$

16,117

 

 

$

433,423

 

 

$

2,998

 

 

$

91,920

 

 

$

528,341

 

Capital Expenditures

 

$

(3,334

)

 

$

-

 

 

$

(3,334

)

 

$

-

 

 

$

(343

)

 

$

(3,677

)

For the Year Ended December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

58,772

 

 

$

429

 

 

$

59,201

 

 

$

-

 

 

$

-

 

 

$

59,201

 

Net income (loss) attributable to Actua Corporation

 

$

(18,026

)

 

$

(2,320

)

 

$

(20,346

)

 

$

230,773

 

 

$

(1,368

)

 

$

209,059

 

Assets

 

$

179,801

 

 

$

15,879

 

 

$

195,680

 

 

$

-

 

 

$

334,038

 

 

$

529,718

 

Capital Expenditures

 

$

(1,183

)

 

$

(26

)

 

$

(1,209

)

 

$

-

 

 

$

(34

)

 

$

(1,243

)

For the Year Ended December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

26,026

 

 

$

614

 

 

$

26,640

 

 

$

-

 

 

$

-

 

 

$

26,640

 

Net income (loss) attributable to Actua Corporation

 

$

(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

)

 

(1) 

The following table reflects the components of Net income (loss) attributable to Actua Corporation included in Other (in thousands):

 

 

 

Year Ended December 31,

 

Selected data:

 

2014

 

 

2013

 

 

2012

 

General and administrative

 

$

(35,498

)

 

$

(19,132

)

 

$

(23,113

)

Impairment related and other

 

 

(1,114

)

 

 

(2,953

)

 

 

(865

)

Corporate other income (loss) (Note 13)

 

 

5,427

 

 

 

(4,102

)

 

 

57,824

 

Interest income

 

 

434

 

 

 

171

 

 

 

374

 

Income tax benefit

 

 

8,934

 

 

 

17,630

 

 

 

1

 

Equity loss

 

 

-

 

 

 

-

 

 

 

(1

)

Noncontrolling interest (income) loss

 

 

4,264

 

 

 

7,018

 

 

 

(592

)

Net income (loss)

 

$

(17,553

)

 

$

(1,368

)

 

$

33,628