FTD Companies, Inc.
Segment Information
For the Year Ended December 31, 2017
(Unaudited, dollars in thousands)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | As Originally Reported | | As Revised |
| | Quarterly Periods Ended | | Year Ended | | Quarterly Periods Ended | | Year Ended |
| | Mar 31, 2017 | | Jun 30, 2017 | | Sep 30, 2017 | | Dec 31, 2017 | | Dec 31, 2017 | | Mar 31, 2017 | | Jun 30, 2017 | | Sep 30, 2017 | | Dec 31, 2017 | | Dec 31, 2017 |
U.S. Consumer | | | | | | | | | | | | | | | | | | | | |
Revenues | | — |
| | — |
| | — |
| | — |
| | — |
| | $ | 228,672 |
| | $ | 259,804 |
| | $ | 98,264 |
| | $ | 202,272 |
| | $ | 789,011 |
|
Intersegment Revenues | | — |
| | — |
| | — |
| | — |
| | — |
| | $ | (4,318 | ) | | $ | (4,835 | ) | | $ | (3,030 | ) | | $ | (4,119 | ) | | $ | (16,302 | ) |
Operating Income/(Loss) | | — |
| | — |
| | — |
| | — |
| | — |
| | $ | 19,107 |
| | $ | 21,120 |
| | $ | (3,079 | ) | | $ | 9,291 |
| | $ | 46,439 |
|
Consumer Orders | | — |
| | — |
| | — |
| | — |
| | — |
| | 3,847 |
| | 4,654 |
| | 1,636 |
| | 4,788 |
| | 14,926 |
|
Average Order Value | | — |
| | — |
| | — |
| | — |
| | — |
| | $ | 57.89 |
| | $ | 54.39 |
| | $ | 57.51 |
| | $ | 40.91 |
| | $ | 51.31 |
|
Operating Margin | | — |
| | — |
| | — |
| | — |
| | — |
| | 8 | % | | 8 | % | | (3 | )% | | 5 | % | | 6 | % |
| | | | | | | | | | | |
| |
| |
| |
| |
|
Provide Commerce | | | | | | | | | | | | | | | | | | | | |
Revenues | | $ | 155,868 |
| | $ | 179,691 |
| | $ | 54,633 |
| | $ | 140,733 |
| | $ | 530,926 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Intersegment Revenues | | $ | (476 | ) | | $ | (505 | ) | | $ | (355 | ) | | $ | (336 | ) | | $ | (1,672 | ) | | — |
| | — |
| | — |
| | — |
| | — |
|
Operating Income/(Loss) | | $ | 13,447 |
| | $ | 14,543 |
| | $ | (6,304 | ) | | $ | 6,076 |
| | $ | 27,764 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Consumer Orders | | 2,906 |
| | 3,562 |
| | 1,081 |
| | 3,969 |
| | 11,518 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Average Order Value | | $ | 52.99 |
| | $ | 49.86 |
| | $ | 49.30 |
| | $ | 34.83 |
| | $ | 45.41 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Operating Margin | | 9 | % | | 8 | % | | (12 | )% | | 4 | % | | 5 | % | | — |
| | — |
| | — |
| | — |
| | — |
|
| |
| |
| |
| |
| |
| | | | | | | | | | |
Consumer | | | | | | | | | | | | | | | | | | | | |
Revenues | | $ | 72,804 |
| | $ | 80,113 |
| | $ | 43,631 |
| | $ | 61,539 |
| | $ | 258,085 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Intersegment Revenues | | $ | (3,842 | ) | | $ | (4,330 | ) | | $ | (2,675 | ) | | $ | (3,783 | ) | | $ | (14,630 | ) | | — |
| | — |
| | — |
| | — |
| | — |
|
Operating Income | | $ | 5,660 |
| | $ | 6,577 |
| | $ | 3,225 |
| | $ | 3,215 |
| | $ | 18,675 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Consumer Orders | | 941 |
| | 1,092 |
| | 555 |
| | 819 |
| | 3,408 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Average Order Value | | $ | 73.05 |
| | $ | 69.17 |
| | $ | 73.51 |
| | $ | 70.36 |
| | $ | 71.23 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Operating Margin | | 8 | % | | 8 | % | | 7 | % | | 5 | % | | 7 | % | | — |
| | — |
| | — |
| | — |
| | — |
|
Note: There are no changes to results previously presented for the Florist and International segments for the periods disclosed. Therefore, the results of those segments are not presented herein.
FTD Companies, Inc.
Segment Information
For the Year Ended December 31, 2016
(Unaudited, dollars in thousands)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | As Originally Reported | | As Revised |
| | Quarterly Periods Ended | | Year Ended | | Quarterly Periods Ended | | Year Ended |
| | Mar 31, 2016 | | Jun 30, 2016 | | Sep 30, 2016 | | Dec 31, 2016 | | Dec 31, 2016 | | Mar 31, 2016 | | Jun 30, 2016 | | Sep 30, 2016 | | Dec 31, 2016 | | Dec 31, 2016 |
U.S. Consumer | | | | | | | | | | | | | | | | | | | | |
Revenues | | — |
| | — |
| | — |
| | — |
| | — |
| | $ | 235,704 |
| | $ | 267,418 |
| | $ | 108,372 |
| | $ | 209,514 |
| | $ | 821,008 |
|
Intersegment Revenues | | — |
| | — |
| | — |
| | — |
| | — |
| | $ | (4,781 | ) | | $ | (5,557 | ) | | $ | (3,391 | ) | | $ | (4,523 | ) | | $ | (18,252 | ) |
Operating Income | | — |
| | — |
| | — |
| | — |
| | — |
| | $ | 13,505 |
| | $ | 33,055 |
| | $ | 3,172 |
| | $ | 20,992 |
| | $ | 70,724 |
|
Consumer Orders | | — |
| | — |
| | — |
| | — |
| | — |
| | 4,145 |
| | 4,765 |
| | 1,760 |
| | 4,624 |
| | 15,293 |
|
Average Order Value | | — |
| | — |
| | — |
| | — |
| | — |
| | $ | 55.34 |
| | $ | 54.58 |
| | $ | 58.84 |
| �� | $ | 43.93 |
| | $ | 52.06 |
|
Operating Margin | | — |
| | — |
| | — |
| | — |
| | — |
| | 6 | % | | 12 | % | | 3 | % | | 10 | % | | 9 | % |
| | | | | | | | | | | | | | | | | | | |
|
Provide Commerce | | | | | | | | | | | | | | | | | | | | |
Revenues | | $ | 157,097 |
| | $ | 176,542 |
| | $ | 57,112 |
| | $ | 138,982 |
| | $ | 529,733 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Intersegment Revenues | | $ | (610 | ) | | $ | (656 | ) | | $ | (440 | ) | | $ | (391 | ) | | $ | (2,097 | ) | | — |
| | — |
| | — |
| | — |
| | — |
|
Operating Income/(Loss) | | $ | 7,076 |
| | $ | 22,177 |
| | $ | (1,847 | ) | | $ | 13,108 |
| | $ | 40,514 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Consumer Orders | | 3,123 |
| | 3,542 |
| | 1,115 |
| | 3,692 |
| | 11,472 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Average Order Value | | $ | 49.69 |
| | $ | 49.22 |
| | $ | 49.78 |
| | $ | 37.09 |
| | $ | 45.50 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Operating Margin | | 5 | % | | 13 | % | | (3 | )% | | 9 | % | | 8 | % | | — |
| | — |
| | — |
| | — |
| | — |
|
| | | | | | | | | | | | | | | | | | | | |
Consumer | | | | | | | | | | | | | | | | | | | | |
Revenues | | $ | 78,607 |
| | $ | 90,876 |
| | $ | 51,260 |
| | $ | 70,532 |
| | $ | 291,275 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Intersegment Revenues | | $ | (4,171 | ) | | $ | (4,901 | ) | | $ | (2,951 | ) | | $ | (4,132 | ) | | $ | (16,155 | ) | | — |
| | — |
| | — |
| | — |
| | — |
|
Operating Income | | $ | 6,429 |
| | $ | 10,878 |
| | $ | 5,019 |
| | $ | 7,884 |
| | $ | 30,210 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Consumer Orders | | 1,022 |
| | 1,223 |
| | 645 |
| | 932 |
| | 3,821 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Average Order Value | | $ | 72.62 |
| | $ | 70.14 |
| | $ | 74.52 |
| | $ | 71.05 |
| | $ | 71.76 |
| | — |
| | — |
| | — |
| | — |
| | — |
|
Operating Margin | | 8 | % | | 12 | % | | 10 | % | | 11 | % | | 10 | % | | — |
| | — |
| | — |
| | — |
| | — |
|
Note: There are no changes to results previously presented for the Florist and International segments for the periods disclosed. Therefore, the results of those segments are not presented herein.
FTD Companies, Inc.
Segment Information
For the Year Ended December 31, 2015
(Unaudited, dollars in thousands)
|
| | | | | | | | |
| | As Originally Reported | | As Revised |
| | Year Ended | | Year Ended |
| | Dec 31, 2015 | | Dec 31, 2015 |
U.S. Consumer | | | | |
Revenues | | — |
| | $ | 904,739 |
|
Intersegment Revenues | | — |
| | $ | (18,806 | ) |
Operating Income | | — |
| | $ | 78,606 |
|
Consumer Orders | | — |
| | 16,778 |
|
Average Order Value | | — |
| | $ | 52.27 |
|
Operating Margin | | — |
| | 9 | % |
| | | | |
Provide Commerce | | | | |
Revenues | | $ | 583,326 |
| | — |
|
Intersegment Revenues | | $ | (1,245 | ) | | — |
|
Operating Income | | $ | 41,802 |
| | — |
|
Consumer Orders | | 12,549 |
| | — |
|
Average Order Value | | $ | 46.02 |
| | — |
|
Operating Margin | | 7 | % | | — |
|
| |
| | |
Consumer | |
| | |
Revenues | | $ | 321,413 |
| | — |
|
Intersegment Revenues | | $ | (17,561 | ) | | — |
|
Operating Income | | $ | 36,804 |
| | — |
|
Consumer Orders | | 4,229 |
| | — |
|
Average Order Value | | $ | 70.83 |
| | — |
|
Operating Margin | | 11 | % | | — |
|
Note: There are no changes to results previously presented for the Florist and International segments for the periods disclosed. Therefore, the results of those segments are not presented herein.