Quarterly report pursuant to Section 13 or 15(d)

National CineMedia (Tables)

v3.20.2
National CineMedia (Tables)
9 Months Ended
Sep. 30, 2020
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 September 30, 2020 and when the Company expects to recognize this revenue.

 

 

Twelve Months Ended September 30,

 

 

 

 

 

 

 

 

 

Remaining Performance Obligations

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

Thereafter

 

 

Total

 

Other Deferred revenue

 

$

125,429

 

 

$

14,936

 

 

$

46

 

 

$

 

 

$

 

 

$

 

 

$

140,411

 

 

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

The recognition of revenue related to the NCM screen advertising advances will be recorded on a straight-line basis through February 2041.

 

 

 

Twelve Months Ended September 30,

 

 

 

 

 

 

 

 

 

Remaining Maturity

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

Thereafter

 

 

Total

 

NCM screen advertising advances

 

$

8,131

 

 

$

8,693

 

 

$

9,295

 

 

$

9,940

 

 

$

10,630

 

 

$

299,548

 

 

$

346,237

 

NCM  
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

 

NCM Screen Advertising Advances

 

Distributions

from NCM

 

Equity in

Loss

 

Other

Revenue

 

Interest

Expense - NCM

 

Cash Received

 

Balance as of January 1, 2020

 

$

265,792

 

$

(348,354

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receipt of common units due to annual common unit adjustment ("CUA")

 

 

3,620

 

 

(3,620

)

$

 

$

 

$

 

$

 

$

 

Screen rental revenues earned under ESA (1)

 

 

 

 

 

 

 

 

 

 

(4,209

)

 

 

 

4,209

 

Interest accrued related to significant financing component

 

 

 

 

(17,726

)

 

 

 

 

 

 

 

17,726

 

 

 

Receipt of excess cash distributions

 

 

(14,168

)

 

 

 

(6,975

)

 

 

 

 

 

 

 

21,143

 

Equity in loss

 

 

(4,810

)

 

 

 

 

 

4,810

 

 

 

 

 

 

 

Amortization of screen advertising advances

 

 

 

 

23,463

 

 

 

 

 

 

(23,463

)

 

 

 

 

Balance as of and for the nine months ended September 30, 2020

 

$

250,434

 

$

(346,237

)

$

(6,975

)

$

4,810

 

$

(27,672

)

$

17,726

 

$

25,352

 

 

(1)

Amounts include the per patron and per digital screen theatre access fees due to the Company, net of amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire of approximately $2,243.

Summary Financial Information

NCM Financial Information

Below is summary financial information for NCM for the periods indicated:

 

 

Three Months Ended

 

 

Three Months ended

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

September 24, 2020

 

 

September 26, 2019

 

 

September 24, 2020

 

 

September 26, 2019

 

Gross revenues

 

$

6,000

 

 

$

110,513

 

 

$

74,700

 

 

$

297,613

 

Operating income (loss)

 

$

(20,073

)

 

$

39,349

 

 

$

(38,973

)

 

$

87,949

 

Net income (loss)

 

$

(34,950

)

 

$

25,307

 

 

$

(81,350

)

 

$

45,907

 

 

 

 

As of

 

 

As of

 

 

 

September 24, 2020

 

 

December 26, 2019

 

Current assets

 

$

170,749

 

 

$

185,400

 

Noncurrent assets

 

$

693,018

 

 

$

706,600

 

Current liabilities

 

$

47,153

 

 

$

125,500

 

Noncurrent liabilities

 

$

1,073,742

 

 

$

947,800

 

Members deficit

 

$

(257,128

)

 

$

(181,300

)