AI Content Chat (Beta) logo
Current Time 0:00
Duration -:-
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
 
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected

      DREAMWORKSANIMATIONSKG,INC. NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued) The Company provides services to DreamWorks Studios related to the licensing of products based on DreamWorks Studios’ films and characters in such films. In the years ended December 31, 2002, 2003 and 2004 revenues earned from licensing activities on behalf of DreamWorks Studios totaled $0.7 million, $3.7 million and $3.7 million, respectively. The Company has an arrangement with an affiliate of a stockholder to share tax benefits generated by the stockholder. See Note 13. 10. Significant Customer, Segment and Geographic Information For the years ended December 31, 2002, 2003 and 2004, Universal Studios represented 72%, 56% and 44%, respectively, of total revenue. If the Distribution Agreement had not been in effect as of October 1, 2004, Universal Studios would have represented 66% of revenues for the year ended December 31, 2004. The Company operates in a single segment: the production and distribution of animated films. Revenues attributable to foreign countries were approximately $199.1 million, $135.6 million and $403.6 million for the years ended December 31, 2002, 2003 and 2004, respectively. Long-lived assets located in foreign countries were not material. Pursuant to the terms of the distribution agreements in place at DreamWorks Studios, whereby DreamWorks Studios has not been responsible for collecting foreign currency, there is a relatively short period between revenue recognition and cash payment. DreamWorks Studios generally has not used foreign currency swap transactions to hedge foreign currency exchange risks associated with these distribution agreements. Thefollowing is an analysis of the Copmpany’s revenue by film: YearEnded 2002 2003 2004 Spirit: Stallion of the Cimmaron ................................... $153,234 $ 67,282 $ 32,307 Sinbad: Legend of the Seven Seas .................................. — 78,915 22,704 Shrek 2 ....................................................... — — 790,373 Shark Tale .................................................... — — 62,273 Film Library / Other(1) ........................................... 281,090 154,789 151,464 Television Series ............................................... — — 19,039 $434,324 $300,986 $1,078,160 (1) Primarily includes film library revenue from Antz, Prince of Egypt, The Road to El Dorado, Chicken Run and Joseph: King of Dreams and Shrek. 91

      DreamWorks Annual Report - Page 97 DreamWorks Annual Report Page 96 Page 98