Quarterly report pursuant to Section 13 or 15(d)

Investment in National CineMedia (Tables)

v3.7.0.1
Investment in National CineMedia (Tables) - NCM
6 Months Ended
Jun. 30, 2017
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:

 

 

 

 

 

 

 

 

 

 

 

Distributions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment

 

 

Deferred

 

 

from

 

 

Equity in

 

 

Other

 

 

Cash

 

 

 

in NCM

 

 

Revenue

 

 

NCM

 

 

Income

 

 

Revenue

 

 

Received

 

Balance as of January 1, 2017

 

$

189,995

 

 

$

(343,928

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receipt of common units due to annual common

   unit adjustment

 

 

18,363

 

 

 

(18,363

)

 

$

 

 

$

 

 

$

 

 

$

 

Revenues earned under ESA (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5,671

)

 

 

5,671

 

Receipt of excess cash distributions

 

 

(7,618

)

 

 

 

 

 

(7,486

)

 

 

 

 

 

 

 

 

15,104

 

Receipt under tax receivable agreement

 

 

(2,089

)

 

 

 

 

 

(2,074

)

 

 

 

 

 

 

 

 

4,163

 

Equity in earnings

 

 

3,065

 

 

 

 

 

 

 

 

 

(3,065

)

 

 

 

 

 

 

Amortization of deferred revenue

 

 

 

 

 

5,159

 

 

 

 

 

 

 

 

 

(5,159

)

 

 

 

Balance as of and for the six month period

   ended June 30, 2017

 

$

201,716

 

 

$

(357,132

)

 

$

(9,560

)

 

$

(3,065

)

 

$

(10,830

)

 

$

24,938

 

 

(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 $5,799.

Summary Financial Information

Below is summary financial information for NCM for the three months ended March 30, 2017 (the financial information for the three and six months ended June 29, 2017 is not yet available) and the three and six months ended June 30, 2016:

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

March 30, 2017

 

 

June 30, 2016

 

 

June 30, 2016

 

Gross revenues

 

$

71,920

 

 

$

115,383

 

 

$

191,625

 

Operating income

 

$

5,070

 

 

$

46,679

 

 

$

52,430

 

Net income (loss)

 

$

(7,912

)

 

$

33,220

 

 

$

25,710