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In addition to the assumptions provided below regarding Adjusted Pro Forma information, Macrovision Solutions encourages investors to review a copy of the investor presentation from Investor Day, which can be found on Macrovision Solutions' investor relations website.
In a release, the company stated:
- Adjusted Pro Forma estimates exclude the results of the TV Guide Magazine, TV Guide Network, TVG Network and eMeta businesses, all of which are classified as discontinued operations. These discontinued operations are assumed to have been sold prior to 2009 for aggregate proceeds of $350 million. The company estimates aggregate proceeds from the disposition of these businesses to exceed $350. The $350 million in assumed proceeds from the sale of the businesses classified as discontinued operations is assumed to reduce the debt issued in conjunction with the acquisition of Gemstar. Adjusted Pro Forma EPS is calculated using Adjusted Pro Forma Income from Continuing Operations. Adjusted Pro Forma Income from Continuing Operations is defined as operating income from continuing operations adding back non-cash items other then depreciation and items which impact comparability that are required to be recorded under GAAP, but that the company believes are not indicative of its core operating results. Excluded non-cash items include equity-based compensation, amortization and non-cash interest expense such as the amortization of debt issuance costs and non-cash tax expenses and benefits related to the creation and release of discrete tax reserves. Excluded items which impact comparability, but that the company believes are not indicative of its core operating results, include such costs as transaction, transition and integration costs, restructuring and asset impairment charges. Macrovision Solutions has assumed no increase or decrease in shares outstanding in calculating Adjusted Pro Forma EPS.
Macrovision Solutions is focused on providing a simple digital home entertainment experience by delivering solutions to businesses to protect, enhance and distribute digital goods to consumers across multiple channels.
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