Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.8.0.1
Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2018
Revenue From Contract With Customer [Abstract]  
Summary of Revenues Disaggregated Based on Type of Good Or Service By Reportable Operating Segment and On Timing of Revenue Recognition

The following table presents revenues for the three months ended March 31, 2018, disaggregated based on major type of good or service and by reportable operating segment.

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

Operating

 

 

Operating

 

 

 

 

 

Major Goods/Services

 

Segment (1)

 

 

Segment

 

 

Consolidated

 

Admissions revenues

 

$

349,352

 

 

$

103,272

 

 

$

452,624

 

Concession revenues

 

 

203,750

 

 

 

58,022

 

 

 

261,772

 

Screen advertising and promotional revenues

 

 

18,179

 

 

 

14,269

 

 

 

32,448

 

Other revenues

 

 

25,062

 

 

 

8,065

 

 

 

33,127

 

Total revenues

 

$

596,343

 

 

$

183,628

 

 

$

779,971

 

 

(1)

U.S. segment revenues include eliminations of intercompany transactions with the international operating segment.  See Note 15 for additional information by segment.

The following table presents revenues for the three months ended March 31, 2018, disaggregated based on timing of revenue recognition (see Revenue Recognition Policy above).

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

Operating

 

 

Operating

 

 

 

 

 

 

 

Segment (1)

 

 

Segment

 

 

Consolidated

 

Goods and services transferred at a point in time

 

$

575,826

 

 

$

166,149

 

 

$

741,975

 

Goods and services transferred over time

 

 

20,517

 

 

 

17,479

 

 

 

37,996

 

Total

 

$

596,343

 

 

$

183,628

 

 

$

779,971

 

 

(1)

U.S. segment revenues include eliminations of intercompany transactions with the international operating segment.  See Note 15 for additional information by segment.

Changes in Deferred Revenues

The following table presents changes in the Company’s deferred revenues for the three months ended March 31, 2018.  

Deferred Revenues

 

Deferred Revenue - NCM

 

 

Other Deferred Revenues (1)

 

 

Total

 

Balance at January 1, 2018

 

$

351,706

 

 

$

86,498

 

 

$

438,204

 

  Impact of adoption of ASC Topic 606

 

 

(53,605

)

 

 

 

 

 

(53,605

)

  Amounts recognized as accounts receivable

 

 

 

 

 

9,119

 

 

 

9,119

 

  Cash received from customers in advance

 

 

 

 

 

22,271

 

 

 

22,271

 

  Common units received from NCM (see Note 7)

 

 

5,012

 

 

 

 

 

 

5,012

 

  Revenue recognized during period

 

 

(3,891

)

 

 

(33,613

)

 

 

(37,504

)

  Foreign currency translation adjustments

 

 

 

 

 

(75

)

 

 

(75

)

Balance at March 31, 2018

 

$

299,222

 

 

$

84,200

 

 

$

383,422

 

 

(1)

Includes liabilities associated with outstanding gift cards and SuperSavers, points or rebates outstanding under the Company’s loyalty and membership programs and revenues not yet recognized for screen advertising and other promotional activities. Classified as accounts payable and accrued expenses or other long-term liabilities on the condensed consolidated balance sheet.

Aggregate Amount of Transaction Price Allocated To Performance Obligation That Are Unsatisfied And Expected To Be Recognized

The table below summarizes the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied as of March 31, 2018 and when the Company expects to recognize this revenue.

 

 

Twelve Months Ended March 31,

 

 

 

 

 

 

 

 

 

Remaining Performance Obligations

 

2019

 

 

2020

 

 

2021

 

 

2022

 

 

2023

 

 

Thereafter

 

 

Total

 

Deferred revenue - NCM

 

$

15,831

 

 

$

15,831

 

 

$

15,831

 

 

$

15,831

 

 

$

15,831

 

 

$

220,067

 

 

$

299,222

 

Deferred revenue - other

 

 

73,338

 

 

 

10,799

 

 

 

63

 

 

 

 

 

 

 

 

 

 

 

 

84,200

 

Total

 

$

89,169

 

 

$

26,630

 

 

$

15,894

 

 

$

15,831

 

 

$

15,831

 

 

$

220,067

 

 

$

383,422