For the year ended December 31, 2015, adjusted^(a) operating cash flow was $126.0 million. The main sources of cash during the year ended December 31, 2015 were primarily the theatrical, home entertainment and television revenues from How to Train Your Dragon 2, Home, The Croods and from licensing of our episodic content. Cash used in operating activities for the year ended December 31, 2015 included $14.3 million in incentive compensation, which decreased $21.6 million when compared to the amount paid during the year ended December 31, 2014 as these cash payments primarily fluctuate based on our financial results. During the year ended December 31, 2015, we also made payments to an affiliate of a former stockholder in the amount of $7.4 million. Lastly, cash from operating activities was also partially offset by production spending for our films and television series, as well as participation and residual payments. Including the impact of the previously announced Restructuring Plan, DWA reported operating cash flow of $52.5 million for the year ended December 31, 2015, compared to net cash used in operating activities of $(162.4) million in the prior year.

As of December 31, 2015, our payable to former stockholder was $20.8 million. We expect that $16.4 million will become payable during the next 12 months (which is subject to the finalization of our 2015 tax returns and may be reduced by refunds of overpayments related to prior years).

During the year ended December 31, 2015, DWA amended its $400.0 million revolving credit facility, increasing the size of the committed facility to $450.0 million and extending the term through February 2020. DWA also entered into an agreement to sell its campus located in Glendale, California for $185.0 million and concurrently leased it back from the purchaser. Proceeds from the sale were used to repay outstanding borrowings on the Company's revolving credit facility and for general corporate purposes.

On July 21, 2015, the original purchaser of the campus resold it for a total sale price of $215.0 million. Pursuant to a sharing agreement between the Company and such original purchaser, the Company was entitled to receive 50% of any increase in value from the original sale price of $185.0 million, net of expenses. Accordingly, the Company received approximately $14.2 million from the original purchase following such resale.

As of December 31, 2015, DWA had $390.0 million of availability on its revolving credit facility and $110.8 million of cash and cash equivalents on hand, approximately 58% of which is held by two of the Company's consolidated joint ventures.

Items related to the earnings press release for the fourth quarter of 2015 will be discussed in more detail on the Company's earnings conference call later today.

Conference Call Information
DreamWorks Animation will host a conference call and webcast to discuss the results on Tuesday, February 23, 2016 at 1:30pm (PT) / 4:30pm (ET). Investors can access the call by dialing (800) 230-1059 in the U.S. and (612) 332-0107 internationally and identifying "DreamWorks Animation Earnings Call" to the operator. The call will also be available via live webcast at ir.dreamworksanimation.com.

A replay of the conference call will be available shortly after the call ends on Tuesday, February 23, 2016. To access the replay, dial (800) 475-6701 in the U.S. and (320) 365-3844 internationally and enter 383993 as the conference ID number. Both the earnings release and archived webcast will be available on the Company's website at ir.dreamworksanimation.com.

About DreamWorks Animation
DreamWorks Animation creates high-quality entertainment, including CG-animated feature films, television specials and series and live entertainment properties, meant for audiences around the world. The Company has world-class creative talent, a strong and experienced management team and advanced filmmaking technology and techniques. All of DreamWorks Animation's feature films are produced in 3D. The Company has theatrically released a total of 32 animated feature films, including the franchise properties of Shrek, Madagascar, Kung Fu Panda, How to Train Your Dragon, Puss In Boots, and The Croods.

Caution Concerning Forward-Looking Statements
This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company's plans, prospects, strategies, proposals and our beliefs and expectations concerning performance of our current and future releases and anticipated talent, directors and storyline for our upcoming films and other projects, constitute forward-looking statements. These statements are based on current expectations, estimates, forecasts and projections about the industry in which we operate and management's beliefs and assumptions. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of DreamWorks Animation SKG, Inc. These risks and uncertainties include: audience acceptance of our films, our dependence on the success of a limited number of releases each year, the increasing cost of producing and marketing feature films, piracy of motion pictures, the effect of rapid technological change or alternative forms of entertainment and our need to protect our proprietary technology and enhance or develop new technology. In addition, due to the uncertainties and risks involved in the development and production of animated feature projects, the release dates for the projects described in this document may be delayed. For a further list and description of such risks and uncertainties, see the reports filed by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and our most recent quarterly reports on Form 10-Q. DreamWorks Animation is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

^(a)Reconciliations of non-GAAP measures to reported results are included at the end of this earnings release.