Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net revenues $ 155,463 $ 127,242 [1] $ 223,691 [1]
Cost of goods sold 90,155 70,723 [1] 144,835 [1]
Gross profit 65,308 56,519 [1] 78,856 [1]
Expenses:      
Selling and operating 64,657 56,292 [1] 73,525 [1]
Corporate, general and administration 11,249 10,400 [1] 11,828 [1]
Acquisition-related costs 76   2,393 [1]
Other general income and expense 10,967   22,456 [1]
Total expenses 86,949 66,692 [1] 110,202 [1]
Loss from operations (21,641) (10,173) [1] (31,346) [1]
Interest and other income (expense) 2,421 (86) [1] (90) [1]
Gain on sale of investment 25,096    
Loss from equity method investment   (18,410) [1]  
Loss from deconsolidation of subsidiary     (4,550) [1]
Income (loss) before income taxes 5,876 (28,669) [1] (35,986) [1]
Income tax expense (benefit) 25,974 (9,444) [1] (10,713) [1]
Net income (loss) from continuing operations (20,098) [2] (19,225) [1],[3] (25,273) [1]
Income from discontinued operations, net of tax (1,995) [2] 6,648 [1],[3] 3 [1]
Net income (loss) (22,093) [2] (12,577) [1],[3] (25,270) [1]
Net (income) loss attributable to noncontrolling interest (659) (305) [1] 398 [1]
Net income (loss) attributable to Gaiam, Inc. $ (22,752) $ (12,882) [1] $ (24,872) [1]
Net income (loss) per share attributable to Gaiam, Inc. common shareholders-basic:      
From continuing operations $ (0.90) $ (0.86) [1] $ (1.08) [1]
From discontinued operations $ (0.09) $ 0.29 [1] $ 0.00 [1]
Basic net income (loss) per share attributable to Gaiam, Inc. $ (0.99) $ (0.57) [1] $ (1.08) [1]
Net income (loss) per share attributable to Gaiam, Inc. common shareholders-diluted:      
From continuing operations $ (0.89) $ (0.86) [1] $ (1.08) [1]
From discontinued operations $ (0.09) $ 0.29 [1] $ 0.00 [1]
Diluted net income (loss) per share attributable to Gaiam, Inc. $ (0.98) $ (0.57) [1] $ (1.08) [1]
Weighted-average shares outstanding:      
Basic 22,972 22,703 [1] 23,126 [1]
Diluted 23,115 22,703 [1] 23,126 [1]
[1] RSOL was deconsolidated and accounted for as an equity method investment from December 31, 2011 until May 28, 2013, when it became a cost method investment. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the year ended December 31, 2011.
[2] Cash flows in 2013 include the $25.0 million gain from the sale of RSOL stock, the sale of GVE and the closure of the DRTV Business Unit.
[3] Net cash provided by operating activities for discontinued operations during 2012 includes approximately $18.7 million of net cash provided by purchased Vivendi Entertainment ("Vivendi") working capital, which was used to partially fund the acquisition of Vivendi. Excluding the net cash flows from the purchased Vivendi working capital, net cash used by operating activities for discontinued operations would have been zero during 2012.