EBITDA margin is calculated by dividing EBITDA by U.S. GAAP revenue. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by U.S. GAAP revenue. We have not provided a reconciliation of our Adjusted EBITDA or Adjusted EBITDA margin outlook to the comparable forward-looking U.S. GAAP financial measures because we are unable to provide a forward-looking estimate of the reconciling items between such non-U.S. GAAP forward-looking measures and the comparable forward-looking U.S. GAAP measures. Certain factors that are materially significant to our ability to estimate these items are out of our control and/or cannot be reasonably predicted. Accordingly, a reconciliation to the comparable forward-looking U.S. GAAP measures is not available without unreasonable effort.

DigitalGlobe, Inc. Consolidated Balance Sheets
				December 31,					December 31,
(in millions, except par value)				2014					2013
ASSETS
CURRENT ASSETS:
Cash and cash equivalents				$	117.8				$	229.1
Restricted cash					2.3					6.9
Accounts receivable, net of allowance for doubtful accounts of $0.5 and $2.4, respectively					133.6					116.3
Short-term deferred contract costs					9.1					10.0
Prepaid and current assets					22.6					23.8
Deferred taxes					24.1					5.9
Total current assets					309.5					392.0
Property and equipment, net of accumulated depreciation of $1,095.5 and $880.6, respectively					2,174.7					2,177.5
Goodwill					484.5					459.3
Intangible assets, net of accumulated amortization of $19.5 and $8.7, respectively					43.0					39.9
Aerial image library, net of accumulated amortization of $46.1 and $41.3, respectively					4.3					9.1
Long-term restricted cash					4.0					4.5
Long-term deferred contract costs					41.8					44.9
Other assets					33.4					38.6
Total assets				$	3,095.2				$	3,165.8
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable				$	4.4				$	20.9
Current portion of long-term debt					5.5					5.5
Other accrued liabilities					62.2					80.3
Current portion of deferred revenue					91.0					81.3
Total current liabilities					163.1					188.0
Deferred rev e nue					335.1					374.6
Long-term debt, net of discount					1,132.1					1,137.1
Long-term deferred tax liability, net					101.9					80.0
Other liabilities					9.5					2.8
Total liabilities				$	1,741.7				$	1,782.5
STOCKHOLDERS’ EQUITY
DigitalGlobe, Inc. stockholders’ equity:
Series A convertible preferred stock, $0.001 par value; 0.08 shares authorized; 0.08 shares issued and outstanding at December 31, 2014 and 2013					—					—
Common stock; $0.001 par value; 250.0 shares authorized; 76.1 shares issued and 73.2 shares outstanding at December 31, 2014 and 75.5 shares issued and 75.3 shares outstanding at December 31, 2013					0.2					0.2
Treasury stock, at cost; 2.9 shares at December 31, 2014 and 0.2 shares at December 31, 2013					(80.1	)				(3.5	)
Additional paid-in capital					1,484.0					1,457.5
Accumulated deficit					(52.4	)				(70.9	)
Total DigitalGlobe, Inc. stockholders’ equity					1,351.7					1,383.3
Noncontrolling interest					1.8					—
Total stockholders’ equity					1,353.5					1,383.3
Total liabilities and stockholders’ equity				$	3,095.2				$	3,165.8

DigitalGlobe, Inc. Consolidated Statements of Cash Flows
				For the year ended December 31,
(in millions)				2014					2013					2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)				$	18.5				$	(68.3	)			$	39.0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization expense					238.5					224.8					114.6
Amortization of aerial image library, deferred contract costs and lease incentive					14.7					16.9					17.9
Non-cash stock-based compensation expense, net of capitalized stock-based compensation expense					18.1					23.0					9.2
Excess tax benefit from share-based compensation					(3.0	)				—					—
Amortization of debt issuance costs and accretion of debt discount, net of capitalized interest					1.9					3.6					3.7
Write-off of debt issuance costs and debt discount					—					12.8					—
Deferred income taxes					6.7					(31.4	)				17.2
Loss on disposal of assets and other					1.1					(0.3	)				1.0
Changes in working capital, net of assets acquired and liabilities assumed in business combinations:
Accounts receivable, net					(14.7	)				(10.4	)				(16.3	)
Deferred contract costs					(7.2	)				(19.1	)				(0.5	)
Other current and non-current assets					2.0					(2.2	)				(10.4	)
Accounts payable					(23.1	)				0.1					0.9
Accrued liabilities					4.2					(37.5	)				14.6
Deferred revenue					(32.8	)				14.1					73.6
Cash fees paid for early extinguishment of long-term debt and debt discount					—					(13.8	)				—
Net cash flows provided by operating activities					224.9					112.3					264.5
CASH FLOWS FROM INVESTING ACTIVITIES:
Construction in progress additions					(222.2	)				(273.8	)				(210.7	)
Property and equipment additions					(11.8	)				(13.3	)				(10.7	)
Acquisition of businesses, net of cash acquired					(35.7	)				(524.0	)				—
Decrease in restricted cash					5.1					16.6					5.4
Net cash flows used in investing activities					(264.6	)				(794.5	)				(216.0	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of debt					—					1,150.0					—
Repayment of debt					(5.5	)				(485.3	)				(5.0	)
Payment of debt issuance costs					—					(36.2	)				—
Repurchase of common stock					(75.1	)				—					—
Proceeds from exercise of stock options					11.1					39.6					4.2
Preferred stock dividend payment					(4.0	)				(3.0	)				—
Excess tax benefit from share-based compensation					3.0					—					—
Principal payments on capital lease obligations					(1.1	)				—					—
Net cash flows (used in) provided by financing activities					(71.6	)				665.1					(0.8	)
Net (decrease) increase in cash and cash equivalents					(111.3	)				(17.1	)				47.7
Cash and cash equivalents, beginning of period					229.1					246.2					198.5
Cash and cash equivalents, end of period				$	117.8				$	229.1				$	246.2
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest, net of capitalized amounts of $49.5, $38.1 and $24.4, respectively				$	—				$	—				$	5.4
Cash paid (refunded) for income taxes					(11.0	)				13.9					1.5
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Changes to non-cash property, equipment and construction in progress accruals, including interest				$	16.5				$	(12.9	)			$	9.0
Additions to capital lease obligations					(3.1	)				(0.9	)				—
Issuance of shares of common and convertible preferred stock for acquisition of business					—					837.8					—
Stock-based compensation awards issued in acquisition of business, net of income taxes					—					13.4					—
Non-cash preferred stock dividend accrual					(1.0	)				(1.0	)				—

« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »