DreamWorks Delivers Outstanding Fourth Quarter And Year-End 2015 Results Highlighted By Strong Growth Across Core Business Segments

DREAMWORKS ANIMATION SKG, INC.

ADJUSTED INCOME/LOSS RECONCILIATIONS

(Unaudited)



Three Months Ended


Year Ended


December 31,


December 31,


2015


2014


2015


2014


(in thousands, except per share amounts)

Operating income (loss) — as reported

$

50,399



$

(247,713)



$

16,439



$

(300,043)










Reverse 2015 Restructuring Plan charges:








Employee-related termination costs(1)

(403)



43,393



2,394



43,393


Relocation and other employee-related costs(2)

1,772





6,459




Lease obligations and related charges(3)

209





1,319




Accelerated depreciation and amortization charges(4)





20,132




Film and other inventory write-offs(5)



155,452





155,452


Other contractual obligations(6)



11,229





11,229


Additional labor and other excess costs(7)

4,487





32,085




Total restructuring-related charges

6,065



210,074



62,389



210,074










Adjusted operating income (loss)

$

56,464



$

(37,639)



$

78,828



$

(89,969)










Net income (loss) attributable to DreamWorks Animation SKG, Inc. — as reported

$

42,073



$

(263,219)



$

(54,806)



$

(309,614)










Reverse 2015 Restructuring Plan charges:








Employee-related termination costs (1)

(403)



43,393



2,394



43,393


Relocation and other employee-related costs (2)

1,772





6,459




Lease obligations and related charges (3)

209





1,319




Accelerated depreciation and amortization charges (4)





20,132




Film and other inventory write-offs (5)



155,452





155,452


Other contractual obligations (6)



11,229





11,229


Additional labor and other excess costs (7)

4,487





32,085




Total restructuring-related charges

6,065



210,074



62,389



210,074










Tax impact (8)



(10,924)





(19,537)










Adjusted net income (loss) attributable to DreamWorks Animation SKG, Inc.

$

48,138



$

(64,069)



$

7,583



$

(119,077)










Diluted income (loss) per share — as reported

$

0.48



$

(3.08)



$

(0.64)



$

(3.65)










Reverse 2015 Restructuring Plan charges:








Employee-related termination costs (1)



0.51



0.03



0.51


Relocation and other employee-related costs (2)

0.02





0.08




Lease obligations and related charges (3)





0.02




Accelerated depreciation and amortization charges (4)





0.23




Film and other inventory write-offs (5)



1.82





1.83


Other contractual obligations (6)



0.13





0.13


Additional labor and other excess costs (7)

0.05





0.37




Total restructuring-related charges

0.07



2.46



0.73



2.47










Tax impact (8)



(0.13)





(0.23)










Adjusted diluted income (loss) per share

$

0.55



$

(0.75)



$

0.09



$

(1.41)



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