Annual report pursuant to Section 13 and 15(d)

Other Investments (Tables)

v3.19.3.a.u2
Other Investments (Tables)
12 Months Ended
Dec. 31, 2019
Summary of Activity for Each of Company's Other Investments

Below is a summary of activity for each of the Company’s other investments for the periods indicated:

 

 

 

DCIP

 

 

AC JV,

LLC

 

 

DCDC

 

 

FE Concepts

 

 

Other

 

 

Total

 

Balance at January 1, 2017

 

$

87,819

 

 

$

5,980

 

 

$

2,750

 

 

$

 

 

$

1,768

 

 

$

98,317

 

Cash contributions

 

 

1,112

 

 

 

 

 

 

 

 

 

104

 

 

 

2,499

 

 

 

3,715

 

Equity in income

 

 

22,900

 

 

 

2,336

 

 

 

1,199

 

 

 

 

 

 

 

 

 

26,435

 

Equity in comprehensive income

 

 

248

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

248

 

Cash distributions received

 

 

(5,864

)

 

 

(2,400

)

 

 

(351

)

 

 

 

 

 

 

 

 

(8,615

)

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(55

)

 

 

(55

)

Balance at December 31, 2017

 

$

106,215

 

 

$

5,916

 

 

$

3,598

 

 

$

104.00

 

 

$

4,212

 

 

$

120,045

 

Cash contributions

 

 

2,076

 

 

 

 

 

 

 

 

 

20,000

 

 

 

 

 

 

22,076

 

Equity in income (loss)

 

 

22,899

 

 

 

1,270

 

 

 

1,313

 

 

 

(82

)

 

 

 

 

 

25,400

 

Equity in comprehensive loss

 

 

(139

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(139

)

Cash distributions received

 

 

(5,799

)

 

 

(1,920

)

 

 

(219

)

 

 

 

 

 

 

 

 

(7,938

)

Other (1)

 

 

 

 

 

 

 

 

(2,437

)

 

 

(104

)

 

 

(137

)

 

 

(2,678

)

Balance at December 31, 2018

 

$

125,252

 

 

$

5,266

 

 

$

2,255

 

 

$

19,918

 

 

$

4,075

 

 

$

156,766

 

Equity in income (loss)

 

 

23,281

 

 

 

3,276

 

 

 

1,120

 

 

 

(399

)

 

 

 

 

 

27,278

 

Equity in comprehensive loss

 

 

(141

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(141

)

Cash distributions received

 

 

(23,696

)

 

 

(3,520

)

 

 

(206

)

 

 

 

 

 

 

 

 

(27,422

)

Other (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,196

)

 

 

(1,196

)

Balance at December 31, 2019

 

$

124,696

 

 

$

5,022

 

 

$

3,169

 

 

$

19,519

 

 

$

2,879

 

 

$

155,285

 

 

(1)

Other activity for DCDC for the year ended December 31, 2018 consisted of returns of capital originally contributed by the Company.

 

(2)

Consists primarily of mark-to-market adjustment on an investment in marketable securities.

Digital Cinema Implementation Partners  
Summary Financial Information

Below is summary financial information for DCIP as of and for the years ended December 31, 2017, 2018 and 2019:

 

 

 

Year ended December 31,

 

 

 

2017

 

 

2018

 

 

2019

 

Revenues

 

$

177,382

 

 

$

172,534

 

 

$

171,531

 

Operating income

 

$

106,687

 

 

$

102,236

 

 

$

99,812

 

Net income

 

$

93,103

 

 

$

94,757

 

 

$

95,820

 

 

 

 

As of

 

 

 

December 31, 2018

 

 

December 31, 2019

 

Current assets

 

$

57,907

 

 

$

51,382

 

Noncurrent assets

 

$

684,545

 

 

$

581,547

 

Current liabilities

 

$

67,408

 

 

$

70,515

 

Noncurrent liabilities

 

$

125,596

 

 

$

190

 

Members' equity

 

$

549,448

 

 

$

562,224

 

Transactions with DCIP The Company had the following transactions with DCIP during the years ended December 31, 2017, 2018 and 2019:

 

 

Year Ended December 31,

 

 

 

2017

 

 

2018

 

 

2019

 

Equipment lease payments

 

$

5,743

 

 

$

4,862

 

 

$

4,399

 

Warranty reimbursements from DCIP

 

$

(8,511

)

 

$

(10,800

)

 

$

(11,800

)

Management services fees

 

$

823

 

 

$

730

 

 

$

596