Investment in National CineMedia (Tables) - NCM

3 Months Ended

Mar. 31, 2019

Summary of Activity With Equity Investee Included in the Company's Condensed Consolidated Financial Statements

Below is a summary of activity with NCM included in the Company’s condensed consolidated financial statements:

	Investment in NCM			Deferred Revenue			Distributions from NCM			Equity in Earnings			Other Revenue			Interest Expense - NCM (2)		Cash Received
Balance as of January 1, 2019	$	275,592		$	(287,349	)
Receipt of common units due to annual common unit adjustment ("CUA")		1,552			(1,552	)		—			—			—			—		—
Revenues earned under ESA (1) (2)		—			—			—			—			(7,812	)		4,782		3,030
Receipt of excess cash distributions		(9,124	)		—			(4,548	)		—			—			—		13,672
Equity in earnings		4,394			—			—			(4,394	)		—			—		—
Amortization of deferred revenue		—			3,957			—			—			(3,957	)		—		—
Balance as of and for the three months ended March 31, 2019	$	272,414		$	(284,944	)	$	(4,548	)	$	(4,394	)	$	(11,769	)	$	4,782	$	16,702

(1) Amount includes the per patron and per digital screen theatre access fees due to the Company, net of amounts paid to NCM for on-screen advertising time provided to the Company’s beverage concessionaire of approximately $2,615.

(2)   Reflects impact of significant financing component related to amounts received in advance under the ESA and CUA agreements.  See Note 4.  

Summary Financial Information

Below is summary financial information for NCM for the periods indicated (financial information as of and for the three months ended March 28, 2019 is not yet available).

	ThreeMonths Ended
	March 29, 2018
Gross revenues	$	80,200
Operating income	$	11,000
Net income	$	(3,000	)

	As of
	December 27, 2018
Current assets	$	172,700
Noncurrent assets	$	726,800
Current liabilities	$	115,200
Noncurrent liabilities	$	924,900
Members deficit	$	(140,600	)