2014 Q1 Form 10-K Financial Statement

#000155673914000004 Filed on March 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2012 Q4 2012 Q3
Revenue $456.0M $299.0M $314.0M
YoY Change 58.33%
Cost Of Revenue $150.0M $86.00M $89.00M
YoY Change 78.57%
Gross Profit $306.0M $213.0M $225.0M
YoY Change 50.0%
Gross Profit Margin 67.11% 71.24% 71.66%
Selling, General & Admin $138.0M $83.00M $99.00M
YoY Change 43.75%
% of Gross Profit 45.1% 38.97% 44.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $161.0M $106.0M $104.0M
YoY Change 80.9%
% of Gross Profit 52.61% 49.77% 46.22%
Operating Expenses $138.0M $189.0M $99.00M
YoY Change 43.75%
Operating Profit $7.000M $16.00M $22.00M
YoY Change -63.16%
Interest Expense -$90.00M -$44.00M -$47.00M
YoY Change 109.3%
% of Operating Profit -1285.71% -275.0% -213.64%
Other Income/Expense, Net
YoY Change
Pretax Income -$83.00M -$28.00M -$19.00M
YoY Change 38.33%
Income Tax -$1.000M $9.000M -$6.000M
% Of Pretax Income
Net Earnings -$82.00M -$37.00M -$19.00M
YoY Change 38.98%
Net Earnings / Revenue -17.98% -12.37% -6.05%
Basic Earnings Per Share -$1.25
Diluted Earnings Per Share -$8.542M -$6.491M -$1.25
COMMON SHARES
Basic Shares Outstanding 17.64M shares 10.20M shares
Diluted Shares Outstanding 10.20M shares

Balance Sheet

Concept 2014 Q1 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $179.0M $172.0M $130.0M
YoY Change
Cash & Equivalents $179.0M $172.0M $130.0M
Short-Term Investments
Other Short-Term Assets $227.0M $182.0M $185.0M
YoY Change
Inventory
Prepaid Expenses
Receivables $175.0M $99.00M $968.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $581.0M $453.0M $1.283B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $92.00M $105.0M $202.0M
YoY Change
Goodwill $315.0M $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.00M $20.00M $117.0M
YoY Change
Total Long-Term Assets $1.694B $1.958B $3.227B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $581.0M $453.0M $1.283B
Total Long-Term Assets $1.694B $1.958B $3.227B
Total Assets $2.275B $2.411B $4.510B
YoY Change 2274999999900.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.00M $14.00M $226.0M
YoY Change
Accrued Expenses $39.00M $37.00M $23.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $153.0M $2.010B $319.0M
YoY Change
Total Short-Term Liabilities $419.0M $2.246B $1.132B
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $2.473B $0.00 $2.680B
YoY Change
Other Long-Term Liabilities $1.000M $2.000M $210.0M
YoY Change
Total Long-Term Liabilities $2.474B $2.000M $2.890B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $419.0M $2.246B $1.132B
Total Long-Term Liabilities $2.474B $2.000M $2.890B
Total Liabilities $2.893B $0.00 $4.408B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$2.302B -$1.401B
YoY Change
Common Stock $1.552B $1.465B
YoY Change 1551999999900.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$782.0M $20.00M $102.0M
YoY Change
Total Liabilities & Shareholders Equity $2.275B $2.411B $4.510B
YoY Change 2274999999900.0%

Cashflow Statement

Concept 2014 Q1 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income -$82.00M -$37.00M -$19.00M
YoY Change 38.98%
Depreciation, Depletion And Amortization $161.0M $106.0M $104.0M
YoY Change 80.9%
Cash From Operating Activities $100.0M $88.00M $97.00M
YoY Change 81.82%
INVESTING ACTIVITIES
Capital Expenditures -$3.000M -$6.000M -$5.000M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$3.000M -$6.000M -$5.000M
YoY Change -50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $74.00M
YoY Change -9.76%
Cash From Financing Activities -$74.00M -6.000M -79.00M
YoY Change -9.76%
NET CHANGE
Cash From Operating Activities $100.0M 88.00M 97.00M
Cash From Investing Activities -$3.000M -6.000M -5.000M
Cash From Financing Activities -$74.00M -6.000M -79.00M
Net Change In Cash $23.00M 76.00M 13.00M
YoY Change -169.7%
FREE CASH FLOW
Cash From Operating Activities $100.0M $88.00M $97.00M
Capital Expenditures -$3.000M -$6.000M -$5.000M
Free Cash Flow $103.0M $94.00M $102.0M
YoY Change

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Contingencies</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Litigation</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is subject to various lawsuits and other claims in the normal course of business. In addition, from time to time, the Company receives communications from government or regulatory agencies concerning investigations or allegations of noncompliance with laws or regulations in jurisdictions in which the Company operates. </font></div><div style="line-height:120%;text-align:left;text-indent:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company establishes reserves for the estimated losses on specific contingent liabilities, for regulatory and legal actions where the Company deems a loss to be probable and the amount of the loss can be reasonably estimated. In other instances, the Company is not able to make a reasonable estimate of liability because of the uncertainties related to the outcome or the amount or range of potential loss. The Company does not expect that the ultimate resolution of pending regulatory and legal matters in future periods, including the matters described below will have a material adverse effect on its statements of comprehensive income (loss). </font></div><div style="line-height:120%;text-align:left;text-indent:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 30, 2009, May 21, 2009, and June 5, 2009, </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> separate putative class action securities lawsuits were filed in the U.S. District Court for the Northern District of Texas, Dallas Division, against certain officers of SuperMedia (but not against SuperMedia or its subsidiaries). The suits were filed by Jan Buettgen, John Heffner, and Alan Goldberg as </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> separate named plaintiffs on behalf of purchasers of SuperMedia's common stock between August 10, 2007 and March 31, 2009, inclusive. On May 22, 2009, a putative class action securities lawsuit was filed in the U.S. District Court for the Eastern District of Arkansas against </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> of SuperMedia's current officers (but not against SuperMedia or its subsidiaries). The suit was filed by Wade L. Jones on behalf of purchasers of SuperMedia's bonds between March 27, 2008 and March 30, 2009, inclusive. On August 18, 2009, the Wade Jones case from Arkansas federal district court was transferred to be consolidated with the cases filed in Texas. The complaints are virtually identical and generally allege that the defendants violated federal securities laws by issuing false and misleading statements regarding SuperMedia's financial performance and condition. Specifically, the complaints allege violations by the defendants of Section 10(b) of the Securities Exchange Act of 1934, as amended (&#8220;Exchange Act&#8221;), Rule 10b-5 under the Exchange Act and Section 20 of the Exchange Act. The plaintiffs were seeking unspecified compensatory damages and reimbursement for litigation expenses. Since the filing of the complaints, all </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> cases have been consolidated into </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> court in the Northern District of Texas and a lead plaintiff and lead plaintiffs' attorney have been selected (the &#8220;Buettgen&#8221; case). On April 12, 2010, SuperMedia filed a motion to dismiss the entire Buettgen complaint. On August 11, 2010, in a one line order without an opinion, the court denied SuperMedia's motion to dismiss. On May 19, 2011, the court granted the plaintiffs' motion certifying a class. Subsequently, the Fifth Circuit Court of Appeals denied SuperMedia's petition for an interlocutory appeal of the class certification order. On September 24, 2012, the SuperMedia defendants filed a motion for summary judgment seeking a complete dismissal which was denied on February 20, 2013. The parties entered into a tentative settlement of the matter on April 1, 2013. The Court has approved the settlement and dismissed the defendants at the fairness hearing held on November 12, 2013. The Company's insurance carriers fully funded the settlement pursuant to the Court's order preliminarily approving the settlement. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 20, 2009, a lawsuit was filed in the district court of Tarrant County, Texas, against certain officers and directors of SuperMedia (but not against SuperMedia or its subsidiaries) on behalf of Jack B. Corwin as Trustee of The Jack B. Corwin Revocable Trust, and Charitable Remainder Stewardship Company of Nevada, and as Trustee of the Jack B. Corwin 2006 Charitable Remainder Unitrust (the &#8220;Corwin&#8221; case). The Corwin case generally alleges that at various times in 2008 and 2009, the named SuperMedia officers and directors made false and misleading representations, or failed to state material facts, which made their statements misleading regarding SuperMedia's financial performance and condition. The suit brings fraud and negligent misrepresentation claims and alleges violations of the Texas Securities Act and Section 27 of the Texas Business Commerce Code. The plaintiffs seek unspecified compensatory damages, exemplary damages, and reimbursement for litigation expenses. On June 3, 2009, the plaintiffs filed an amended complaint with the same allegations adding </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> additional SuperMedia directors as party defendants. On June 10, 2010, the court in the Buettgen case granted SuperMedia's motion staying discovery in the Corwin case pursuant to the provisions of the Private Securities Litigation Reform Act. After plaintiffs replaced their counsel, the plaintiffs filed several amendments to the complaint. All the SuperMedia defendants refiled motions for summary judgment claiming that there is no evidence of any wrongdoing elicited during the discovery phase. The Company awaits the orders of the Court. The Company plans to honor its indemnification obligations and vigorously defend the lawsuit on the defendants' behalf.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On November 25, 2009, </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> retirees brought a putative class action lawsuit in the U.S. District Court for the Northern District of Texas, Dallas Division, against both the employee benefits committee and pension plans of Verizon and the employee benefits committee (&#8220;EBC&#8221;) and pension plans of SuperMedia.&#160; All three named plaintiffs are receiving the single life monthly annuity pension benefits. All complain that Verizon transferred them against their will from the Verizon pension plans to SuperMedia pension plans at or near the SuperMedia's spin-off from Verizon.&#160; The complaint alleges that both the Verizon and SuperMedia defendants failed to provide requested plan documents, which would entitle the plaintiffs to statutory penalties under the Employee Retirement Income Securities Act (&#8220;ERISA&#8221;); that both the Verizon and SuperMedia defendants breached their fiduciary duty for refusal to disclose pension plan information; and other class action counts aimed solely at the Verizon defendants. The plaintiffs seek class action status, statutory penalties, damages and a reversal of the employee transfers.&#160; The SuperMedia defendants filed their motion to dismiss the entire complaint on March 10, 2010. On October 18, 2010, the court ruled on the pending motion dismissing all the claims against the SuperMedia pension plans and all of the claims against SuperMedia's EBC relating to the production of documents and statutory penalties for failure to produce same. The only claims that remained against SuperMedia were procedural ERISA claims against SuperMedia's EBC. On November 1, 2010, SuperMedia's EBC filed its answer to the complaint. On November 4, 2010, SuperMedia's EBC filed a motion to dismiss </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> of the </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> remaining procedural ERISA claims against the EBC. Pursuant to an agreed order, the plaintiffs obtained class certification against the Verizon defendants and discovery has commenced. After obtaining permission from the court, the plaintiffs filed another amendment to the complaint, alleging a new count against SuperMedia's EBC. SuperMedia's EBC filed another motion to dismiss the amended complaint and filed a summary judgment motion before the deadline set by the scheduling order. On March 26, 2012, the court denied SuperMedia's EBC's motion to dismiss. On September 16, 2013, the court granted the defendants&#8217; summary judgments, denied the plaintiffs&#8217; summary judgment, and entered a take nothing judgment in favor of the SuperMedia EBC. Plaintiffs filed an appeal to the United States Circuit Court of Appeals for the Fifth Circuit. The briefing is ongoing and awaits the order of the court. The Company plans to honor its indemnification obligations and vigorously defend the lawsuit on the defendants' behalf. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 10, 2009, a former employee with a history of litigation against SuperMedia, formerly Idearc Inc. ("Idearc") filed a putative class action lawsuit in the U.S. District Court for the Northern District of Texas, Dallas Division, against certain of SuperMedia's current and former officers, directors and members of SuperMedia's EBC. The complaint attempts to recover alleged losses to the various savings plans that were allegedly caused by the breach of fiduciary duties in violation of ERISA by the defendants in administrating the plans from November 17, 2006 to March 31, 2009. The complaint alleges that: (i) the defendants wrongfully allowed all the plans to invest in Idearc common stock, (ii) the defendants made material misrepresentations regarding SuperMedia's financial performance and condition, (iii) the defendants had divided loyalties, (iv) the defendants mismanaged the plan assets, and (v) certain defendants breached their duty to monitor and inform the EBC of required disclosures. The plaintiffs are seeking unspecified compensatory damages and reimbursement for litigation expenses. At this time, a class has not been certified. The plaintiffs filed a consolidated complaint. SuperMedia filed a motion to dismiss the entire complaint on June 22, 2010. On March 16, 2011, the court granted the SuperMedia defendants' motion to dismiss the entire complaint; however, the plaintiffs have repleaded their complaint. SuperMedia's defendants filed another motion to dismiss the new complaint. On March 15, 2012, the court granted the SuperMedia defendants' second motion dismissing the case with prejudice. The plaintiffs appealed the dismissal and briefing in the 5th Circuit U.S. Court of Appeals has been completed. On July 9, 2013, the 5th U.S. Circuit Court of Appeals issued a decision affirming the dismissal of the trial court. On July 23, 2013, plaintiffs filed a Petition to the 5th U.S. Circuit Court of Appeals for a rehearing en banc which has been denied. The plaintiffs filed a Petition for Writ of Certiorari to the United States Supreme Court. Briefing on the petition is complete and we await the order of the court. The Company plans to honor its indemnification obligations and vigorously defend the lawsuit on the defendants' behalf.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 1, 2011, several former employees filed a Fair Labor Standards Act (&#8220;FLSA&#8221;) collective action against SuperMedia, all its subsidiaries, the current chief executive officer and the former chief executive officer in the U.S. District Court, Northern District of Texas, Dallas Division. The complaint alleges that SuperMedia improperly calculated the rate of pay when it paid overtime to its hourly sales employees. On July 29, 2011, SuperMedia filed a motion to dismiss the complaint. In response, the plaintiffs amended their complaint to allege that the individual defendants had &#8220;off-the-clock&#8221; claims for unpaid overtime. Subsequently, SuperMedia amended its motion to dismiss in light of the new allegations. On October 25, 2011, the Plaintiffs filed a motion to conditionally certify a collective action and to issue notice. On March 29, 2012, the court denied the SuperMedia's motion to dismiss and granted the plaintiffs' motion to conditionally certify the class. SuperMedia's motion seeking permission to file an interlocutory appeal of the order was denied and a notice has been sent to SuperMedia's former and current employees. The time for opting into the class has expired. The plaintiffs that failed to file their opt-ins on time have filed a companion case with the same allegations.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 26, 2012, SuperMedia filed a class action in the U.S. District Court for the Northern District of Texas, Dallas Division where SuperMedia seeks a declaratory judgment approving SuperMedia's right to enact several amendments that were made to its retiree health and welfare benefit plans, and more generally SuperMedia's right to modify, amend or terminate these plans. Several of the defendants filed motions to dismiss as well as a counterclaim. SuperMedia filed a motion to dismiss the counterclaim. On August 8, 2013, the court granted several of the defendants&#8217; motion to dismiss and dismissed the defendants&#8217; counterclaim. SuperMedia settled this matter favorably after mediation. The court on January 10, 2014, preliminarily approved the settlement, ordered notice to the entire settlement class and set a fairness hearing for April 22, 2014.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 29, 2013, a former unsecured note holder that was impacted by the bankruptcy of SuperMedia, formerly Idearc, in 2009, filed a notice and summons against Verizon Communications and the former chief financial officer ("CFO") of SuperMedia in the Supreme Court of the State of New York, New York County. The filing alleges that Verizon improperly formed SuperMedia prior to the spin-off by not having the requisite number of directors under Delaware law. The plaintiff alleges that since SuperMedia was improperly formed, the former CFO did not have the authority to execute the note on behalf of SuperMedia and accordingly both Verizon and the former CFO are liable for the unpaid principal and interest when the notes were impacted by the bankruptcy. The Company plans to honor its indemnification obligation and vigorously defend the lawsuit on the defendant's behalf.</font></div></div>
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CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
123516 shares
CY2013 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
82000000 USD
CY2013Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
82000000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
20000000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
-703000000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
-10000000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
526000000 USD
CY2013Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
21000000 USD
CY2012Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
5000000 USD
CY2013Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
26000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19000000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
45000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
45000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
1000000 USD
CY2011 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
5000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
3000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
33000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the Company&#8217;s financial statements requires management to make estimates and judgments that affect the reported amount of assets and liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Examples of significant estimates include the allowance for doubtful accounts, the recoverability and fair value determination of property, plant and equipment, goodwill, intangible assets and other long-lived assets, pension and post-employment benefit assumptions. </font></div></div>
CY2012 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
46000000 USD
CY2011 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
68000000 USD
CY2012 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
0 USD
CY2013 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
37000000 USD
CY2011 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
0 USD
CY2013 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
8000000 USD
CY2012 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
62000000 USD
CY2013 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
39000000 USD
CY2011 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
86000000 USD
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10100000 shares
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10000000 shares
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
14900000 shares
CY2011Q4 dxm Accumulated Other Comprehensive Income Loss Tax
AccumulatedOtherComprehensiveIncomeLossTax
-3000000 USD
CY2012Q4 dxm Accumulated Other Comprehensive Income Loss Tax
AccumulatedOtherComprehensiveIncomeLossTax
-3000000 USD
CY2013Q4 dxm Accumulated Other Comprehensive Income Loss Tax
AccumulatedOtherComprehensiveIncomeLossTax
3000000 USD
CY2011Q4 dxm Accumulated Other Comprehensive Income Tax Valuation Allowance
AccumulatedOtherComprehensiveIncomeTaxValuationAllowance
8000000 USD
CY2012Q4 dxm Accumulated Other Comprehensive Income Tax Valuation Allowance
AccumulatedOtherComprehensiveIncomeTaxValuationAllowance
14000000 USD
CY2013Q4 dxm Accumulated Other Comprehensive Income Tax Valuation Allowance
AccumulatedOtherComprehensiveIncomeTaxValuationAllowance
14000000 USD
CY2013 dxm Advertising Barter Transactions Advertising Barter Revenue Percentage Maximum
AdvertisingBarterTransactionsAdvertisingBarterRevenuePercentageMaximum
0.02
CY2012 dxm Business Combination Acquisitionand Integration Related Costs
BusinessCombinationAcquisitionandIntegrationRelatedCosts
12000000 USD
CY2013 dxm Business Combination Acquisitionand Integration Related Costs
BusinessCombinationAcquisitionandIntegrationRelatedCosts
76000000 USD
CY2012 dxm Costof Revenueand Selling Generaland Administrative Expenses
CostofRevenueandSellingGeneralandAdministrativeExpenses
756000000 USD
CY2011 dxm Costof Revenueand Selling Generaland Administrative Expenses
CostofRevenueandSellingGeneralandAdministrativeExpenses
858000000 USD
CY2013Q4 dxm Deferred Tax Assets Debt And Other Interest
DeferredTaxAssetsDebtAndOtherInterest
148000000 USD
CY2012Q4 dxm Deferred Tax Assets Debt And Other Interest
DeferredTaxAssetsDebtAndOtherInterest
1000000 USD
CY2012Q4 dxm Deferred Tax Assets Operating Loss Carryforwards And Tax Credit Carryforwards
DeferredTaxAssetsOperatingLossCarryforwardsAndTaxCreditCarryforwards
434000000 USD
CY2013Q4 dxm Deferred Tax Assets Operating Loss Carryforwards And Tax Credit Carryforwards
DeferredTaxAssetsOperatingLossCarryforwardsAndTaxCreditCarryforwards
341000000 USD
CY2013Q4 dxm Deferred Tax Liabilities Deferred Revenue And Costs
DeferredTaxLiabilitiesDeferredRevenueAndCosts
35000000 USD
CY2012Q4 dxm Deferred Tax Liabilities Deferred Revenue And Costs
DeferredTaxLiabilitiesDeferredRevenueAndCosts
2000000 USD
CY2012Q4 dxm Deferred Tax Liabilities Investment In Subsidiaries
DeferredTaxLiabilitiesInvestmentInSubsidiaries
18000000 USD
CY2013Q4 dxm Deferred Tax Liabilities Investment In Subsidiaries
DeferredTaxLiabilitiesInvestmentInSubsidiaries
10000000 USD
CY2013 dxm Directory Life
DirectoryLife
P12M
CY2013 dxm Effective Income Tax Rate Reconciliation Change In State Tax Laws
EffectiveIncomeTaxRateReconciliationChangeInStateTaxLaws
-0.002
CY2011 dxm Effective Income Tax Rate Reconciliation Change In State Tax Laws
EffectiveIncomeTaxRateReconciliationChangeInStateTaxLaws
0.000
CY2012 dxm Effective Income Tax Rate Reconciliation Change In State Tax Laws
EffectiveIncomeTaxRateReconciliationChangeInStateTaxLaws
0.043
CY2011 dxm Effective Income Tax Rate Reconciliation Change In Unrecognized Tax Benefits Gross
EffectiveIncomeTaxRateReconciliationChangeInUnrecognizedTaxBenefitsGross
0.029
CY2013 dxm Effective Income Tax Rate Reconciliation Change In Unrecognized Tax Benefits Gross
EffectiveIncomeTaxRateReconciliationChangeInUnrecognizedTaxBenefitsGross
0.024
CY2012 dxm Effective Income Tax Rate Reconciliation Change In Unrecognized Tax Benefits Gross
EffectiveIncomeTaxRateReconciliationChangeInUnrecognizedTaxBenefitsGross
0.000
CY2013 dxm Effective Income Tax Rate Reconciliation Nondeductible Interest Expense
EffectiveIncomeTaxRateReconciliationNondeductibleInterestExpense
-0.004
CY2011 dxm Effective Income Tax Rate Reconciliation Nondeductible Interest Expense
EffectiveIncomeTaxRateReconciliationNondeductibleInterestExpense
0.000
CY2012 dxm Effective Income Tax Rate Reconciliation Nondeductible Interest Expense
EffectiveIncomeTaxRateReconciliationNondeductibleInterestExpense
0.118
CY2012 dxm Effective Income Tax Rate Reconciliation Section108 Tax Attribution Reduction
EffectiveIncomeTaxRateReconciliationSection108TaxAttributionReduction
-0.043
CY2013 dxm Effective Income Tax Rate Reconciliation Section108 Tax Attribution Reduction
EffectiveIncomeTaxRateReconciliationSection108TaxAttributionReduction
-0.001
CY2011 dxm Effective Income Tax Rate Reconciliation Section108 Tax Attribution Reduction
EffectiveIncomeTaxRateReconciliationSection108TaxAttributionReduction
0.000
CY2013 dxm Effective Income Tax Rate Reconciliation Section1245 Recapture
EffectiveIncomeTaxRateReconciliationSection1245Recapture
0.013
CY2011 dxm Effective Income Tax Rate Reconciliation Section1245 Recapture
EffectiveIncomeTaxRateReconciliationSection1245Recapture
0.126
CY2012 dxm Effective Income Tax Rate Reconciliation Section1245 Recapture
EffectiveIncomeTaxRateReconciliationSection1245Recapture
0.191
CY2013 dxm Income Loss Before Reorganization Items Net And Income Taxes
IncomeLossBeforeReorganizationItemsNetAndIncomeTaxes
-1166000000 USD
CY2012 dxm Income Loss Before Reorganization Items Net And Income Taxes
IncomeLossBeforeReorganizationItemsNetAndIncomeTaxes
-93000000 USD
CY2011 dxm Income Loss Before Reorganization Items Net And Income Taxes
IncomeLossBeforeReorganizationItemsNetAndIncomeTaxes
-644000000 USD
CY2013 dxm Non Cash Reorganization Items Net
NonCashReorganizationItemsNet
-32000000 USD
CY2011 dxm Non Cash Reorganization Items Net
NonCashReorganizationItemsNet
0 USD
CY2012 dxm Non Cash Reorganization Items Net
NonCashReorganizationItemsNet
0 USD
CY2013 dxm Noncash Interest Expense
NoncashInterestExpense
69000000 USD
CY2011 dxm Noncash Interest Expense
NoncashInterestExpense
25000000 USD
CY2012 dxm Noncash Interest Expense
NoncashInterestExpense
40000000 USD
CY2013 dxm Numberof Business Clients
NumberofBusinessClients
580000 client
CY2013 dxm Numberof Copiesof Directories Distributed
NumberofCopiesofDirectoriesDistributed
114000000 Directory
CY2013 dxm Numberof Directories Accountingfor More Than One Percentof Revenue
NumberofDirectoriesAccountingforMoreThanOnePercentofRevenue
0 Directory
CY2013 dxm Numberof Distinct Directory Titles Published Minimum
NumberofDistinctDirectoryTitlesPublishedMinimum
1700 Directory
CY2013 dxm Numberof Marketing Consultants
NumberofMarketingConsultants
2000 consultant
CY2013 dxm Numberof Reporting Units
NumberofReportingUnits
4 segment
CY2013 dxm Numberof Reporting Units With Carrying Value Exceeding Future Cash Flows Indicating Impairment
NumberofReportingUnitsWithCarryingValueExceedingFutureCashFlowsIndicatingImpairment
3 reporting_unit
CY2013 dxm Numberof Sources For Digital Advertising Revenue
NumberofSourcesForDigitalAdvertisingRevenue
2 source
CY2013 dxm Other Comprehensive Income Defined Benefit Plans Amortization Of Net Prior Service Cost And Unrecognized Net Gain Loss Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansAmortizationOfNetPriorServiceCostAndUnrecognizedNetGainLossNetOfTax
-809000000 USD
CY2011 dxm Other Comprehensive Income Defined Benefit Plans Amortization Of Net Prior Service Cost And Unrecognized Net Gain Loss Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansAmortizationOfNetPriorServiceCostAndUnrecognizedNetGainLossNetOfTax
-541000000 USD
CY2012 dxm Other Comprehensive Income Defined Benefit Plans Amortization Of Net Prior Service Cost And Unrecognized Net Gain Loss Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansAmortizationOfNetPriorServiceCostAndUnrecognizedNetGainLossNetOfTax
25000000 USD
CY2012 dxm Other Comprehensive Income Defined Benefit Plans Reclassifications Adjustment Before Tax
OtherComprehensiveIncomeDefinedBenefitPlansReclassificationsAdjustmentBeforeTax
5000000 USD
CY2013 dxm Other Comprehensive Income Defined Benefit Plans Reclassifications Adjustment Before Tax
OtherComprehensiveIncomeDefinedBenefitPlansReclassificationsAdjustmentBeforeTax
5000000 USD
CY2011 dxm Other Comprehensive Income Defined Benefit Plans Reclassifications Adjustment Before Tax
OtherComprehensiveIncomeDefinedBenefitPlansReclassificationsAdjustmentBeforeTax
2000000 USD
CY2011 dxm Other Comprehensive Income Defined Benefit Plans Reclassifications Adjustment Netof Tax
OtherComprehensiveIncomeDefinedBenefitPlansReclassificationsAdjustmentNetofTax
2000000 USD
CY2012 dxm Other Comprehensive Income Defined Benefit Plans Reclassifications Adjustment Netof Tax
OtherComprehensiveIncomeDefinedBenefitPlansReclassificationsAdjustmentNetofTax
5000000 USD
CY2013 dxm Other Comprehensive Income Defined Benefit Plans Reclassifications Adjustment Netof Tax
OtherComprehensiveIncomeDefinedBenefitPlansReclassificationsAdjustmentNetofTax
3000000 USD
CY2013 dxm Other Comprehensive Income Defined Benefit Plans Reclassifications Adjustment Tax Portion
OtherComprehensiveIncomeDefinedBenefitPlansReclassificationsAdjustmentTaxPortion
2000000 USD
CY2011 dxm Other Comprehensive Income Defined Benefit Plans Reclassifications Adjustment Tax Portion
OtherComprehensiveIncomeDefinedBenefitPlansReclassificationsAdjustmentTaxPortion
0 USD
CY2012 dxm Other Comprehensive Income Defined Benefit Plans Reclassifications Adjustment Tax Portion
OtherComprehensiveIncomeDefinedBenefitPlansReclassificationsAdjustmentTaxPortion
0 USD
CY2013 dxm Other Noncash Interest Expense
OtherNoncashInterestExpense
69000000 USD
CY2012 dxm Other Noncash Interest Expense
OtherNoncashInterestExpense
40000000 USD
CY2011 dxm Other Noncash Interest Expense
OtherNoncashInterestExpense
25000000 USD
CY2012 dxm Provision For Unrecognized Tax Benefits
ProvisionForUnrecognizedTaxBenefits
0 USD
CY2011 dxm Provision For Unrecognized Tax Benefits
ProvisionForUnrecognizedTaxBenefits
-23000000 USD
CY2013 dxm Provision For Unrecognized Tax Benefits
ProvisionForUnrecognizedTaxBenefits
-32000000 USD
CY2013 dxm Service Contract Period
ServiceContractPeriod
P12M
CY2013 dxm Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageRemainingContractualTerm
P8Y
CY2013 dxm Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageRemainingContractualTerm
P10Y
CY2013Q2 dxm Share Price Before Adjustmentfor Reverse Stock Split
SharePriceBeforeAdjustmentforReverseStockSplit
11.90
CY2013 dxm Sharebased Compensation Arrangementby Sharebased Payment Award Options Exercises In Period Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsExercisesInPeriodWeightedAverageRemainingContractualTerm
P7Y11M1D
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001556739
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
17638818 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
216315339 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
DEX MEDIA, INC.
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

Files In Submission

Name View Source Status
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0001556739-14-000004-index.html Edgar Link pending
0001556739-14-000004.txt Edgar Link pending
0001556739-14-000004-xbrl.zip Edgar Link pending
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