XML 42 R31.htm IDEA: XBRL DOCUMENT v3.19.2
Investment in National CineMedia (Tables) - NCM
 6 Months Ended
Jun. 30, 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)

 

 

—

 

 

—

 

 

—

 

 

—

 

 

(15,754

)

 

9,514

 

 

6,240

 

Receipt of excess cash distributions

 

 

(11,123

)

 

—

 

 

(5,535

)

 

—

 

 

—

 

 

—

 

 

16,658

 

Receipt of cash under tax receivable agreement

 

 

(2,324

)

 

—

 

 

(1,159

)

 

—

 

 

—

 

 

—

 

 

3,483

 

Equity in earnings

 

 

5,012

 

 

—

 

 

—

 

 

(5,012

)

 

—

 

 

—

 

 

—

 

Amortization of deferred revenue

 

 

—

 

 

7,937

 

 

—

 

 

—

 

 

(7,937

)

 

—

 

 

—

 

Balance as of and for the six months ended June 30, 2019

 

$

268,709

 

$

(280,964

)

$

(6,694

)

$

(5,012

)

$

(23,691

)

$

9,514

 

$

26,381

 

 

(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 $5,884.

(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 June 27, 2019 is not yet available).

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

March 28, 2019

 

 

June 28, 2018

 

 

June 28, 2018

 

Total revenues

 

$

76,900

 

 

$

113,700

 

 

$

193,900

 

Operating income

 

$

10,900

 

 

$

40,200

 

 

$

51,200

 

Net income (loss)

 

$

(2,900

)

 

$

25,000

 

 

$

22,000

 

 

 

 

As of

 

 

As of

 

 

 

March 28, 2019

 

 

December 27, 2018

 

Current assets

 

$

119,200

 

 

$

172,700

 

Noncurrent assets

 

$

746,000

 

 

$

726,800

 

Current liabilities

 

$

63,400

 

 

$

115,200

 

Noncurrent liabilities

 

$

950,000

 

 

$

924,900

 

Members deficit

 

$

(148,200

)

 

$

(140,600

)