|
INVESTMENTS (Details) (USD $)
|
3 Months Ended |
4 Months Ended |
12 Months Ended |
1 Months Ended |
5 Months Ended |
0 Months Ended |
|
Dec. 31, 2014
|
Sep. 30, 2014
|
Jun. 30, 2014
|
Mar. 31, 2014
|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Mar. 31, 2014
|
Aug. 30, 2012
|
Feb. 13, 2007
|
Mar. 14, 2013
|
Dec. 26, 2013
item
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of excess proportional ownership in equity of investments excluding NCM |
$ 13,257,000 |
|
|
|
|
|
|
|
|
$ 13,257,000 |
|
|
|
|
|
|
| RealD deferred lease incentive |
16,047,000 |
|
|
|
18,635,000 |
|
|
|
|
16,047,000 |
18,635,000 |
|
|
|
|
|
| Impairment of RealD Inc. investment |
|
|
|
|
|
|
|
|
|
|
1,370,000 |
|
|
|
|
|
| The company's recorded investment |
332,440,000 |
|
|
|
327,910,000 |
|
|
|
|
332,440,000 |
327,910,000 |
|
|
|
|
|
| Amortizable intangible asset |
141,491,000 |
|
|
|
141,886,000 |
|
|
|
|
141,491,000 |
141,886,000 |
|
|
|
|
|
| The Company's recorded equity in earnings (losses) |
9,315,000 |
13,087,000 |
9,597,000 |
(5,384,000) |
9,292,000 |
14,323,000 |
23,274,000 |
546,000 |
(2,480,000) |
26,615,000 |
47,435,000 |
|
|
|
|
|
| Deferred rent liability for digital projectors |
120,184,000 |
|
|
|
55,272,000 |
|
|
|
|
120,184,000 |
55,272,000 |
|
|
|
|
|
| Gross film exhibition cost on Open Road Films |
244,318,000 |
220,608,000 |
257,220,000 |
212,100,000 |
258,187,000 |
242,006,000 |
285,395,000 |
191,324,000 |
291,561,000 |
934,246,000 |
976,912,000 |
|
|
|
|
|
| Financial Condition: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current assets |
255,269,000 |
|
|
|
357,259,000 |
|
|
|
|
255,269,000 |
357,259,000 |
|
|
|
|
|
| Noncurrent assets |
1,651,121,000 |
|
|
|
1,741,203,000 |
|
|
|
|
1,651,121,000 |
1,741,203,000 |
|
|
|
|
|
| Total assets |
1,906,390,000 |
|
|
|
2,098,462,000 |
|
|
|
|
1,906,390,000 |
2,098,462,000 |
|
|
|
|
|
| Current liabilities |
202,392,000 |
|
|
|
233,150,000 |
|
|
|
|
202,392,000 |
233,150,000 |
|
|
|
|
|
| Noncurrent liabilities |
1,735,864,000 |
|
|
|
1,920,109,000 |
|
|
|
|
1,735,864,000 |
1,920,109,000 |
|
|
|
|
|
| Total liabilities |
1,938,256,000 |
|
|
|
2,153,259,000 |
|
|
|
|
1,938,256,000 |
2,153,259,000 |
|
|
|
|
|
| Stockholders' equity (deficit) |
(31,866,000) |
|
|
|
(54,797,000) |
|
|
|
|
(31,866,000) |
(54,797,000) |
|
|
|
|
|
| Liabilities and stockholders' equity |
1,906,390,000 |
|
|
|
2,098,462,000 |
|
|
|
|
1,906,390,000 |
2,098,462,000 |
|
|
|
|
|
| The company's recorded investment |
332,440,000 |
|
|
|
327,910,000 |
|
|
|
|
332,440,000 |
327,910,000 |
|
|
|
|
|
| Operating Results: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
283,780,000 |
809,087,000 |
804,326,000 |
|
|
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
259,223,000 |
661,473,000 |
582,774,000 |
|
|
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
24,557,000 |
147,614,000 |
221,552,000 |
|
|
|
|
|
| Changes in carrying amount of investment in NCM and equity in earnings of NCM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at the beginning of the period |
|
|
|
327,910,000 |
|
|
|
|
|
327,910,000 |
|
|
|
|
|
|
| Balance at the end of the period |
332,440,000 |
|
|
|
327,910,000 |
|
|
|
|
332,440,000 |
327,910,000 |
|
|
|
|
|
| Equity in Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity in (earnings) losses of non-consolidated entities |
(9,315,000) |
(13,087,000) |
(9,597,000) |
5,384,000 |
(9,292,000) |
(14,323,000) |
(23,274,000) |
(546,000) |
2,480,000 |
(26,615,000) |
(47,435,000) |
|
|
|
|
|
| 5% Promissory Note payable to NCM due 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate (as a percent) |
5.00% |
|
|
|
|
|
|
|
|
5.00% |
|
|
|
|
|
|
| NCM tax receivable agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortizable intangible asset |
20,900,000 |
|
|
|
20,900,000 |
|
|
|
|
20,900,000 |
20,900,000 |
|
|
|
|
|
| RealD Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Period over which shares of common stock can be purchased |
|
|
|
|
|
|
|
|
|
10 years |
|
|
|
|
|
|
| Number of shares of common stock that can be purchased |
1,222,780 |
|
|
|
|
|
|
|
|
1,222,780 |
|
|
|
|
|
|
| Price at which each share of common stock can be purchased (in dollars per share) |
|
|
|
|
|
|
|
|
|
$ 0.00667 |
|
|
|
|
|
|
| Number of tranches in which stock options shall be vested upon the achievement of screen installation targets |
|
|
|
|
|
|
|
|
|
3 |
|
|
|
|
|
|
| Period over which deferred lease incentive is being amortized |
|
|
|
|
|
|
|
|
|
7 years |
|
|
|
|
|
|
| RealD deferred lease incentive |
16,047,000 |
|
|
|
|
|
|
|
|
16,047,000 |
|
|
|
|
|
|
| Rave |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of additional units received (in shares) |
|
|
|
|
|
|
|
|
|
|
|
141,731 |
|
|
|
|
| Estimated fair market value of the units |
|
|
|
2,137,000 |
|
|
|
|
|
|
|
2,137,000 |
|
|
|
|
| Price per share (in dollars per share) |
|
|
|
$ 15.08 |
|
|
|
|
|
|
|
$ 15.08 |
|
|
|
|
| Share Price |
|
|
|
$ 15.08 |
|
|
|
|
|
|
|
$ 15.08 |
|
|
|
|
| Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The Company's recorded equity in earnings (losses) |
|
|
|
|
|
|
|
|
|
|
|
|
7,545,000 |
|
|
|
| Operating Results: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
360,403,000 |
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
|
293,493,000 |
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
66,910,000 |
|
|
|
| Equity in Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity in (earnings) losses of non-consolidated entities |
|
|
|
|
|
|
|
|
|
|
|
|
(7,545,000) |
|
|
|
| Advertising (Revenue) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Advertising (Revenue) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of ESA |
|
|
|
|
|
|
|
|
(4,468,000) |
(15,235,000) |
(14,556,000) |
|
|
|
|
|
| Advertising (Revenue) for the period |
|
|
|
|
|
|
|
|
(4,468,000) |
(15,235,000) |
(14,556,000) |
|
|
|
|
|
| Advertising (Revenue) | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Advertising (Revenue) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of ESA |
|
|
|
|
|
|
|
|
|
|
|
|
(2,367,000) |
|
|
|
| Advertising (Revenue) for the period |
|
|
|
|
|
|
|
|
|
|
|
|
(2,367,000) |
|
|
|
| Cash Received (Paid) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash Received |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at the beginning of the period |
|
|
|
27,453,000 |
|
|
|
10,176,000 |
|
27,453,000 |
10,176,000 |
|
|
|
|
|
| Receipt of excess cash distributions |
|
|
|
|
|
|
|
|
10,176,000 |
21,514,000 |
27,453,000 |
|
|
|
|
|
| Balance at the end of the period |
21,514,000 |
|
|
|
27,453,000 |
|
|
|
10,176,000 |
21,514,000 |
27,453,000 |
|
|
|
|
|
| Cash Received (Paid) | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash Received |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Receipt of excess cash distributions |
|
|
|
|
|
|
|
|
|
|
|
|
6,667,000 |
|
|
|
| Balance at the end of the period |
|
|
|
|
|
|
|
|
|
|
|
|
6,667,000 |
|
|
|
| Exhibitor services agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exhibitor services agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at the beginning of the period |
|
|
|
(329,913,000) |
|
|
|
(318,154,000) |
|
(329,913,000) |
(318,154,000) |
|
|
|
|
|
| Purchase Price Adjustment |
|
|
|
|
|
|
|
|
3,453,000 |
|
|
|
|
|
|
|
| Receipt of Common Units |
|
|
|
|
|
|
|
|
|
2,137,000 |
(26,315,000) |
|
|
|
|
|
| Amortization of ESA |
|
|
|
|
|
|
|
|
4,468,000 |
15,235,000 |
14,556,000 |
|
|
|
|
|
| Balance at the end of the period |
(316,815,000) |
|
|
|
(329,913,000) |
|
|
|
(318,154,000) |
(316,815,000) |
(329,913,000) |
|
|
|
|
|
| Exhibitor services agreement | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exhibitor services agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at the beginning of the period |
|
|
|
|
|
|
|
|
|
|
|
|
(328,442,000) |
|
|
|
| Amortization of ESA |
|
|
|
|
|
|
|
|
|
|
|
|
2,367,000 |
|
|
|
| Balance at the end of the period |
|
|
|
|
|
|
|
|
|
|
|
|
(326,075,000) |
|
|
|
| Other Comprehensive (Income) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other Comprehensive (Income) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other comprehensive (income) at the end of the period |
|
|
|
(2,282,000) |
|
|
|
(797,000) |
|
(2,282,000) |
(797,000) |
|
|
|
|
|
| Unrealized gain from cash flow hedge |
|
|
|
|
|
|
|
|
(797,000) |
(1,498,000) |
(1,485,000) |
|
|
|
|
|
| Other comprehensive (income) at the end of the period |
(3,780,000) |
|
|
|
(2,282,000) |
|
|
|
(797,000) |
(3,780,000) |
(2,282,000) |
|
|
|
|
|
| Equity in (Earnings) Losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The Company's recorded equity in earnings (losses) |
|
|
|
|
|
|
|
|
4,271,000 |
11,311,000 |
23,196,000 |
|
|
|
|
|
| Changes in carrying amount of investment in NCM and equity in earnings of NCM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Change in interest gain |
|
|
|
|
(5,012,000) |
|
|
|
|
|
(5,012,000) |
|
|
|
|
|
| Equity in earnings |
|
|
|
|
|
|
|
|
4,271,000 |
14,446,000 |
21,149,000 |
|
|
|
|
|
| Equity in loss from amortization of basis difference |
3,135,000 |
|
|
|
2,965,000 |
|
|
|
|
3,135,000 |
2,965,000 |
|
|
|
|
|
| Equity in Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Change in interest gain |
|
|
|
|
(5,012,000) |
|
|
|
|
|
(5,012,000) |
|
|
|
|
|
| Equity in loss |
|
|
|
|
|
|
|
|
(4,271,000) |
(14,446,000) |
(21,149,000) |
|
|
|
|
|
| Equity in loss from amortization of basis difference |
3,135,000 |
|
|
|
2,965,000 |
|
|
|
|
3,135,000 |
2,965,000 |
|
|
|
|
|
| Equity in (earnings) losses of non-consolidated entities |
|
|
|
|
|
|
|
|
(4,271,000) |
(11,311,000) |
(23,196,000) |
|
|
|
|
|
| Equity in (Earnings) Losses | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The Company's recorded equity in earnings (losses) |
|
|
|
|
|
|
|
|
|
|
|
|
7,473,000 |
|
|
|
| Changes in carrying amount of investment in NCM and equity in earnings of NCM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity in earnings |
|
|
|
|
|
|
|
|
|
|
|
|
2,523,000 |
|
|
|
| Equity in Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Receipt of excess cash distributions |
|
|
|
|
|
|
|
|
|
|
|
|
(4,966,000) |
|
|
|
| Change in interest loss |
|
|
|
|
|
|
|
|
|
|
|
|
16,000 |
|
|
|
| Equity in loss |
|
|
|
|
|
|
|
|
|
|
|
|
(2,523,000) |
|
|
|
| Equity in (earnings) losses of non-consolidated entities |
|
|
|
|
|
|
|
|
|
|
|
|
(7,473,000) |
|
|
|
| Tranche 2 Investments |
|
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|
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|
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|
|
|
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| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price per share (in dollars per share) |
|
|
|
$ 15.08 |
|
|
|
|
|
|
|
$ 15.08 |
|
|
|
|
| Receipt of common units |
|
|
|
|
|
|
|
|
|
|
|
2,137,000 |
|
|
|
|
| Receipt of common units (in shares) |
|
|
|
|
|
|
|
|
|
|
|
141,731 |
|
|
|
|
| Share Price |
|
|
|
$ 15.08 |
|
|
|
|
|
|
|
$ 15.08 |
|
|
|
|
| Changes in carrying amount of investment in NCM and equity in earnings of NCM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Receipt of common units |
|
|
|
|
|
|
|
|
|
|
|
2,137,000 |
|
|
|
|
| Receipt of common units (in shares) |
|
|
|
|
|
|
|
|
|
|
|
141,731 |
|
|
|
|
| Tranche 2 Investments | Predecessor | OpCo |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of units owned (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
4,417,042 |
|
|
|
| Capital units | OpCo |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Changes in carrying amount of investment in NCM and equity in earnings of NCM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of Tranche 1 Investment |
|
|
|
|
|
|
|
|
|
|
|
|
0 |
|
|
|
| Capital units | Predecessor | OpCo |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of units owned (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
12,906,740 |
|
|
|
| NCM, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Note payable to affiliate |
6,944,000 |
|
|
|
8,333,000 |
|
|
|
|
6,944,000 |
8,333,000 |
|
|
|
|
|
| NCM, LLC | NCM tax receivable agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Receipt under Tax Receivable Agreement |
8,730,000 |
|
|
|
3,677,000 |
|
|
|
0 |
8,730,000 |
3,677,000 |
|
|
|
|
|
| Changes in carrying amount of investment in NCM and equity in earnings of NCM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Receipt under Tax Receivable Agreement |
(8,730,000) |
|
|
|
(3,677,000) |
|
|
|
0 |
(8,730,000) |
(3,677,000) |
|
|
|
|
|
| NCM, LLC | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares of common stock issued in IPO |
|
|
|
|
|
|
|
|
|
|
|
|
|
42,000,000 |
|
|
| Price of shares of common stock issued in IPO (in dollars per share) |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 21.00 |
|
|
| NCM, LLC | Predecessor | NCM tax receivable agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Receipt under Tax Receivable Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
0 |
|
|
|
| Changes in carrying amount of investment in NCM and equity in earnings of NCM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Receipt under Tax Receivable Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
0 |
|
|
|
| NCM, LLC | Advertising (Revenue) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amounts due from affiliate |
2,072,000 |
|
|
|
2,226,000 |
|
|
|
|
2,072,000 |
2,226,000 |
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
11,086,000 |
34,523,000 |
33,790,000 |
|
|
|
|
|
| NCM, LLC | Advertising (Revenue) | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
11,731,000 |
|
|
|
| NCM, LLC | Advertising expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expenses |
|
|
|
|
|
|
|
|
4,197,000 |
12,226,000 |
13,809,000 |
|
|
|
|
|
| NCM, LLC | Advertising expense | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
6,326,000 |
|
|
|
| NCM, LLC | Exhibitor services agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amounts due to affiliate |
1,784,000 |
|
|
|
2,429,000 |
|
|
|
|
1,784,000 |
2,429,000 |
|
|
|
|
|
| NCM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest in non-consolidated affiliates (as a percent) |
14.96% |
|
|
|
|
|
|
|
|
14.96% |
|
|
|
|
|
4.00% |
| Amount of excess proportional ownership in equity of investment |
|
|
|
|
|
|
|
|
|
735,795,000 |
|
|
|
|
|
|
| The company's recorded investment |
265,839,000 |
|
|
|
272,407,000 |
|
|
|
|
265,839,000 |
272,407,000 |
|
|
|
|
|
| Estimated fair market value of the units |
275,825,000 |
|
|
|
|
|
|
|
|
275,825,000 |
|
|
|
|
|
|
| Price per share (in dollars per share) |
$ 14.37 |
|
|
|
|
|
|
|
|
$ 14.37 |
|
|
|
|
|
|
| Receipt of common units |
|
|
|
|
|
|
|
|
|
2,137,000 |
26,315,000 |
|
|
|
|
|
| Receipt of common units (in shares) |
|
|
|
|
|
|
|
|
|
|
1,728,988 |
|
|
|
|
|
| The Company's recorded equity in earnings (losses) |
|
|
|
|
|
|
|
|
4,271,000 |
11,311,000 |
23,196,000 |
|
|
|
|
|
| Share Price |
$ 14.37 |
|
|
|
|
|
|
|
|
$ 14.37 |
|
|
|
|
|
|
| Financial Condition: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current assets |
134,900,000 |
|
|
|
141,600,000 |
|
|
|
|
134,900,000 |
141,600,000 |
|
|
|
|
|
| Noncurrent assets |
546,200,000 |
|
|
|
557,600,000 |
|
|
|
|
546,200,000 |
557,600,000 |
|
|
|
|
|
| Total assets |
681,100,000 |
|
|
|
699,200,000 |
|
|
|
|
681,100,000 |
699,200,000 |
|
|
|
|
|
| Current liabilities |
106,500,000 |
|
|
|
122,400,000 |
|
|
|
|
106,500,000 |
122,400,000 |
|
|
|
|
|
| Noncurrent liabilities |
892,000,000 |
|
|
|
876,000,000 |
|
|
|
|
892,000,000 |
876,000,000 |
|
|
|
|
|
| Total liabilities |
998,500,000 |
|
|
|
998,400,000 |
|
|
|
|
998,500,000 |
998,400,000 |
|
|
|
|
|
| Stockholders' equity (deficit) |
(317,400,000) |
|
|
|
(299,200,000) |
|
|
|
|
(317,400,000) |
(299,200,000) |
|
|
|
|
|
| Liabilities and stockholders' equity |
681,100,000 |
|
|
|
699,200,000 |
|
|
|
|
681,100,000 |
699,200,000 |
|
|
|
|
|
| The company's recorded investment |
265,839,000 |
|
|
|
272,407,000 |
|
|
|
245,047,000 |
265,839,000 |
272,407,000 |
|
|
|
|
|
| Operating Results: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
178,100,000 |
394,000,000 |
462,800,000 |
|
|
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
144,000,000 |
297,700,000 |
299,900,000 |
|
|
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
34,100,000 |
96,300,000 |
162,900,000 |
|
|
|
|
|
| Changes in carrying amount of investment in NCM and equity in earnings of NCM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at the beginning of the period |
|
|
|
272,407,000 |
|
|
|
245,047,000 |
|
272,407,000 |
245,047,000 |
|
|
|
|
|
| Receipt of common units |
|
|
|
|
|
|
|
|
|
2,137,000 |
26,315,000 |
|
|
|
|
|
| Receipt of excess cash distributions |
(21,514,000) |
|
|
|
(27,453,000) |
|
|
|
(10,176,000) |
(21,514,000) |
(27,453,000) |
|
|
|
|
|
| Purchase Price Adjustment |
|
|
|
|
|
|
|
|
177,832,000 |
|
3,817,000 |
|
|
|
|
|
| Unrealized gain from cash flow hedge |
|
|
|
|
|
|
|
|
797,000 |
1,498,000 |
1,485,000 |
|
|
|
|
|
| Change in interest gain |
|
|
|
|
5,012,000 |
|
|
|
|
|
5,012,000 |
|
|
|
|
|
| Equity in earnings |
|
|
|
|
|
|
|
|
4,271,000 |
14,446,000 |
21,149,000 |
|
|
|
|
|
| Equity in loss from amortization of basis difference |
(3,135,000) |
|
|
|
(2,965,000) |
|
|
|
|
(3,135,000) |
(2,965,000) |
|
|
|
|
|
| Balance at the end of the period |
265,839,000 |
|
|
|
272,407,000 |
|
|
|
245,047,000 |
265,839,000 |
272,407,000 |
|
|
|
|
|
| Receipt of common units (in shares) |
|
|
|
|
|
|
|
|
|
|
1,728,988 |
|
|
|
|
|
| Exhibitor services agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Term of amortization of the exhibitor services agreement (ESA) with NCM |
|
|
|
|
|
|
|
|
|
30 years |
|
|
|
|
|
|
| Equity in Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Change in interest gain |
|
|
|
|
5,012,000 |
|
|
|
|
|
5,012,000 |
|
|
|
|
|
| Equity in loss |
|
|
|
|
|
|
|
|
(4,271,000) |
(14,446,000) |
(21,149,000) |
|
|
|
|
|
| Equity in loss from amortization of basis difference |
(3,135,000) |
|
|
|
(2,965,000) |
|
|
|
|
(3,135,000) |
(2,965,000) |
|
|
|
|
|
| Equity in (earnings) losses of non-consolidated entities |
|
|
|
|
|
|
|
|
(4,271,000) |
(11,311,000) |
(23,196,000) |
|
|
|
|
|
| NCM | NCM tax receivable agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortizable intangible asset |
20,900,000 |
|
|
|
|
|
|
|
|
20,900,000 |
|
|
|
|
|
|
| NCM | Rave |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price per share (in dollars per share) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 15.22 |
|
| Share Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 15.22 |
|
| NCM | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The Company's recorded equity in earnings (losses) |
|
|
|
|
|
|
|
|
|
|
|
|
7,473,000 |
|
|
|
| Financial Condition: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The company's recorded investment |
|
|
|
|
|
|
|
|
|
|
|
|
72,323,000 |
|
|
|
| Operating Results: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
231,600,000 |
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
|
167,900,000 |
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
63,700,000 |
|
|
|
| Changes in carrying amount of investment in NCM and equity in earnings of NCM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at the beginning of the period |
|
|
|
|
|
|
|
|
|
|
|
|
71,517,000 |
|
|
|
| Receipt of excess cash distributions |
|
|
|
|
|
|
|
|
|
|
|
|
(1,701,000) |
|
|
|
| Change in interest loss |
|
|
|
|
|
|
|
|
|
|
|
|
(16,000) |
|
|
|
| Equity in earnings |
|
|
|
|
|
|
|
|
|
|
|
|
2,523,000 |
|
|
|
| Balance at the end of the period |
|
|
|
|
|
|
|
|
|
|
|
|
72,323,000 |
|
|
|
| Equity in Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity in loss |
|
|
|
|
|
|
|
|
|
|
|
|
(2,523,000) |
|
|
|
| Equity in (earnings) losses of non-consolidated entities |
|
|
|
|
|
|
|
|
|
|
|
|
(7,473,000) |
|
|
|
| NCM | Tranche 2 Investments | Rave |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Receipt of common units |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,315,000 |
|
| Receipt of common units (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,728,988 |
|
| Changes in carrying amount of investment in NCM and equity in earnings of NCM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Receipt of common units |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,315,000 |
|
| Receipt of common units (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,728,988 |
|
| NCM | Capital units | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of units owned (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
17,323,782 |
|
|
|
| NCM | Founding Members | Tranche 2 Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of units issued to Founding Member due to an acquisition (in shares) |
|
|
|
|
|
|
|
|
|
8,688,078 |
|
|
|
|
|
|
| NCM | NCM, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payment to the Founding Members as a percentage of actual tax benefit realized from the tax amortization of the intangible assets by related party |
90.00% |
|
|
|
|
|
|
|
|
90.00% |
|
|
|
|
|
|
| Period of applicability of the tax receivable agreement to related party from its IPO |
|
|
|
|
|
|
|
|
|
30 years |
|
|
|
|
|
|
| AC JV, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest in non-consolidated affiliates (as a percent) |
32.00% |
|
|
|
|
|
|
|
|
32.00% |
|
|
|
|
|
32.00% |
| The company's recorded investment |
6,255,000 |
|
|
|
4,785,000 |
|
|
|
|
6,255,000 |
4,785,000 |
|
|
|
|
|
| The Company's recorded equity in earnings (losses) |
|
|
|
|
|
|
|
|
|
1,470,000 |
|
|
|
|
|
|
| Amounts due to affiliate |
333,000 |
|
|
|
|
|
|
|
|
333,000 |
|
|
|
|
|
|
| Financial Condition: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current assets |
10,993,000 |
|
|
|
806,000 |
|
|
|
|
10,993,000 |
806,000 |
|
|
|
|
|
| Noncurrent assets |
22,948,000 |
|
|
|
24,464,000 |
|
|
|
|
22,948,000 |
24,464,000 |
|
|
|
|
|
| Total assets |
33,941,000 |
|
|
|
25,270,000 |
|
|
|
|
33,941,000 |
25,270,000 |
|
|
|
|
|
| Current liabilities |
4,238,000 |
|
|
|
|
|
|
|
|
4,238,000 |
|
|
|
|
|
|
| Total liabilities |
4,238,000 |
|
|
|
|
|
|
|
|
4,238,000 |
|
|
|
|
|
|
| Stockholders' equity (deficit) |
29,703,000 |
|
|
|
25,270,000 |
|
|
|
|
29,703,000 |
25,270,000 |
|
|
|
|
|
| Liabilities and stockholders' equity |
33,941,000 |
|
|
|
25,270,000 |
|
|
|
|
33,941,000 |
25,270,000 |
|
|
|
|
|
| Operating Results: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
|
42,102,000 |
|
|
|
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
|
37,669,000 |
|
|
|
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
|
4,433,000 |
|
|
|
|
|
|
| Equity in Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity in (earnings) losses of non-consolidated entities |
|
|
|
|
|
|
|
|
|
(1,470,000) |
|
|
|
|
|
|
| Advertising (Revenue) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross exhibition cost on Fathom Events programming |
|
|
|
|
|
|
|
|
|
6,898,000 |
|
|
|
|
|
|
| AC JV, LLC | Founding Members |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest in non-consolidated affiliates (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32.00% |
| AC JV, LLC | Founding Members | 5% Promissory Note payable to NCM due 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consideration received for spin-off |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,000,000 |
| Consideration received for spin-off from each founder member |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,333,000 |
| Stated interest rate (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00% |
| Number of equal installments of interest and principal payments due |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 |
| Advertising (Revenue) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of founding members |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 |
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,333,000 |
| U.S. theatres and IMAX screen |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest in non-consolidated affiliates (as a percent) |
50.00% |
|
|
|
|
|
|
|
|
50.00% |
|
|
|
|
|
|
| Number of U.S. theatres |
|
|
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
| Number of IMAX screens |
|
|
|
|
|
|
|
|
|
1 |
|
|
|
|
|
|
| DCIP |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest in non-consolidated affiliates (as a percent) |
29.00% |
|
|
|
|
|
|
|
|
29.00% |
|
|
|
|
|
|
| The company's recorded investment |
62,236,000 |
|
|
|
45,831,000 |
|
|
|
|
62,236,000 |
45,831,000 |
|
|
|
|
|
| The Company's recorded equity in earnings (losses) |
|
|
|
|
|
|
|
|
4,436,000 |
20,929,000 |
18,660,000 |
|
|
|
|
|
| Amounts due from affiliate |
1,048,000 |
|
|
|
663,000 |
|
|
|
|
1,048,000 |
663,000 |
|
|
|
|
|
| Term for payment of equipment rent, including scheduled escalations |
|
|
|
|
|
|
|
|
|
12 years |
|
|
|
|
|
|
| Deferred rent liability for digital projectors |
9,031,000 |
|
|
|
7,747,000 |
|
|
|
|
9,031,000 |
7,747,000 |
|
|
|
|
|
| Digital equipment rental expense (continuing operations) |
|
|
|
|
|
|
|
|
3,338,000 |
6,639,000 |
11,077,000 |
|
|
|
|
|
| Financial Condition: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current assets |
53,229,000 |
|
|
|
140,353,000 |
|
|
|
|
53,229,000 |
140,353,000 |
|
|
|
|
|
| Noncurrent assets |
1,044,417,000 |
|
|
|
1,124,517,000 |
|
|
|
|
1,044,417,000 |
1,124,517,000 |
|
|
|
|
|
| Total assets |
1,097,646,000 |
|
|
|
1,264,870,000 |
|
|
|
|
1,097,646,000 |
1,264,870,000 |
|
|
|
|
|
| Current liabilities |
24,036,000 |
|
|
|
34,919,000 |
|
|
|
|
24,036,000 |
34,919,000 |
|
|
|
|
|
| Noncurrent liabilities |
821,282,000 |
|
|
|
1,028,191,000 |
|
|
|
|
821,282,000 |
1,028,191,000 |
|
|
|
|
|
| Total liabilities |
845,318,000 |
|
|
|
1,063,110,000 |
|
|
|
|
845,318,000 |
1,063,110,000 |
|
|
|
|
|
| Stockholders' equity (deficit) |
252,328,000 |
|
|
|
201,760,000 |
|
|
|
|
252,328,000 |
201,760,000 |
|
|
|
|
|
| Liabilities and stockholders' equity |
1,097,646,000 |
|
|
|
1,264,870,000 |
|
|
|
|
1,097,646,000 |
1,264,870,000 |
|
|
|
|
|
| Operating Results: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
56,851,000 |
170,724,000 |
182,659,000 |
|
|
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
43,052,000 |
109,430,000 |
133,700,000 |
|
|
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
13,799,000 |
61,294,000 |
48,959,000 |
|
|
|
|
|
| Equity in Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity in (earnings) losses of non-consolidated entities |
|
|
|
|
|
|
|
|
(4,436,000) |
(20,929,000) |
(18,660,000) |
|
|
|
|
|
| DCIP | Forecast member |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital contributions for projector and installation costs in excess of the cap per system for digital conversations |
|
|
|
|
|
|
|
|
|
68,000 |
|
|
|
|
|
|
| Capital contributions for projector and installation costs in excess of the cap per system for new build locations |
|
|
|
|
|
|
|
|
|
41,500 |
|
|
|
|
|
|
| DCIP | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The Company's recorded equity in earnings (losses) |
|
|
|
|
|
|
|
|
|
|
|
|
4,941,000 |
|
|
|
| Digital equipment rental expense (continuing operations) |
|
|
|
|
|
|
|
|
|
|
|
|
3,624,000 |
|
|
|
| Operating Results: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
71,560,000 |
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
|
55,378,000 |
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
16,182,000 |
|
|
|
| Equity in Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity in (earnings) losses of non-consolidated entities |
|
|
|
|
|
|
|
|
|
|
|
|
(4,941,000) |
|
|
|
| DCDC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest in non-consolidated affiliates (as a percent) |
15.45% |
|
|
|
|
|
|
|
|
15.45% |
|
|
|
|
|
|
| Open Road Releasing, LLC, operator of ORF |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest in non-consolidated affiliates (as a percent) |
50.00% |
|
|
|
|
|
|
|
|
50.00% |
|
|
|
|
|
|
| The company's recorded investment |
(9,570,000) |
|
|
|
(1,920,000) |
|
|
|
|
(9,570,000) |
(1,920,000) |
|
|
|
|
|
| The Company's recorded equity in earnings (losses) |
|
|
|
|
|
|
|
|
(10,691,000) |
(7,650,000) |
4,861,000 |
|
|
|
|
|
| Amounts due from affiliate |
2,560,000 |
|
|
|
2,658,000 |
|
|
|
|
2,560,000 |
2,658,000 |
|
|
|
|
|
| Amounts due to affiliate |
709,000 |
|
|
|
1,959,000 |
|
|
|
|
709,000 |
1,959,000 |
|
|
|
|
|
| Gross film exhibition cost on Open Road Films |
|
|
|
|
|
|
|
|
5,500,000 |
13,300,000 |
12,700,000 |
|
1,550,000 |
|
|
|
| Financial Condition: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current assets |
44,498,000 |
|
|
|
60,431,000 |
|
|
|
|
44,498,000 |
60,431,000 |
|
|
|
|
|
| Noncurrent assets |
12,260,000 |
|
|
|
10,341,000 |
|
|
|
|
12,260,000 |
10,341,000 |
|
|
|
|
|
| Total assets |
56,758,000 |
|
|
|
70,772,000 |
|
|
|
|
56,758,000 |
70,772,000 |
|
|
|
|
|
| Current liabilities |
64,080,000 |
|
|
|
69,530,000 |
|
|
|
|
64,080,000 |
69,530,000 |
|
|
|
|
|
| Noncurrent liabilities |
22,582,000 |
|
|
|
15,918,000 |
|
|
|
|
22,582,000 |
15,918,000 |
|
|
|
|
|
| Total liabilities |
86,662,000 |
|
|
|
85,448,000 |
|
|
|
|
86,662,000 |
85,448,000 |
|
|
|
|
|
| Stockholders' equity (deficit) |
(29,904,000) |
|
|
|
(14,676,000) |
|
|
|
|
(29,904,000) |
(14,676,000) |
|
|
|
|
|
| Liabilities and stockholders' equity |
56,758,000 |
|
|
|
70,772,000 |
|
|
|
|
56,758,000 |
70,772,000 |
|
|
|
|
|
| Operating Results: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
39,701,000 |
175,374,000 |
140,350,000 |
|
|
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
61,083,000 |
190,602,000 |
130,628,000 |
|
|
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
(21,382,000) |
(15,228,000) |
9,722,000 |
|
|
|
|
|
| Equity in Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity in (earnings) losses of non-consolidated entities |
|
|
|
|
|
|
|
|
10,691,000 |
7,650,000 |
(4,861,000) |
|
|
|
|
|
| Advertising (Revenue) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital commitment |
10,000,000 |
|
|
|
|
|
|
|
|
10,000,000 |
|
|
|
|
|
|
| Open Road Releasing, LLC, operator of ORF | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The Company's recorded equity in earnings (losses) |
|
|
|
|
|
|
|
|
|
|
|
|
(6,416,000) |
|
|
|
| Operating Results: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
42,563,000 |
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
|
55,395,000 |
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
(12,832,000) |
|
|
|
| Equity in Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity in (earnings) losses of non-consolidated entities |
|
|
|
|
|
|
|
|
|
|
|
|
6,416,000 |
|
|
|
| Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The company's recorded investment |
7,680,000 |
|
|
|
6,807,000 |
|
|
|
|
7,680,000 |
6,807,000 |
|
|
|
|
|
| The Company's recorded equity in earnings (losses) |
|
|
|
|
|
|
|
|
(496,000) |
555,000 |
718,000 |
|
|
|
|
|
| Financial Condition: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current assets |
11,649,000 |
|
|
|
14,069,000 |
|
|
|
|
11,649,000 |
14,069,000 |
|
|
|
|
|
| Noncurrent assets |
25,296,000 |
|
|
|
24,281,000 |
|
|
|
|
25,296,000 |
24,281,000 |
|
|
|
|
|
| Total assets |
36,945,000 |
|
|
|
38,350,000 |
|
|
|
|
36,945,000 |
38,350,000 |
|
|
|
|
|
| Current liabilities |
3,538,000 |
|
|
|
6,301,000 |
|
|
|
|
3,538,000 |
6,301,000 |
|
|
|
|
|
| Total liabilities |
3,538,000 |
|
|
|
6,301,000 |
|
|
|
|
3,538,000 |
6,301,000 |
|
|
|
|
|
| Stockholders' equity (deficit) |
33,407,000 |
|
|
|
32,049,000 |
|
|
|
|
33,407,000 |
32,049,000 |
|
|
|
|
|
| Liabilities and stockholders' equity |
36,945,000 |
|
|
|
38,350,000 |
|
|
|
|
36,945,000 |
38,350,000 |
|
|
|
|
|
| Operating Results: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
9,128,000 |
26,887,000 |
18,517,000 |
|
|
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
11,088,000 |
26,072,000 |
18,546,000 |
|
|
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
(1,960,000) |
815,000 |
(29,000) |
|
|
|
|
|
| Equity in Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity in (earnings) losses of non-consolidated entities |
|
|
|
|
|
|
|
|
496,000 |
(555,000) |
(718,000) |
|
|
|
|
|
| Other | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The Company's recorded equity in earnings (losses) |
|
|
|
|
|
|
|
|
|
|
|
|
1,547,000 |
|
|
|
| Operating Results: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
14,680,000 |
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
|
14,820,000 |
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
(140,000) |
|
|
|
| Equity in Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity in (earnings) losses of non-consolidated entities |
|
|
|
|
|
|
|
|
|
|
|
|
$ (1,547,000) |
|
|
|
| Maximum | Investments in non-consolidated affiliates and certain other investments accounted for following the equity method |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest in non-consolidated affiliates (as a percent) |
50.00% |
|
|
|
|
|
|
|
|
50.00% |
|
|
|
|
|
|
| Minimum | NCM | Founding Members |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage change in the total annual attendance of all the founding members required to cause an earlier common unit adjustment |
2.00% |
|
|
|
|
|
|
|
|
2.00% |
|
|
|
|
|
|