Annual report pursuant to Section 13 and 15(d)

REVENUE RECOGNITION (Tables)

v3.20.4
REVENUE RECOGNITION (Tables)
12 Months Ended
Dec. 31, 2020
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 tables present revenues for the periods indicated, disaggregated based on major type of good or service and by reportable operating segment.

 

 

Twelve Months Ended

 

 

 

December 31, 2020

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

Operating

 

 

Operating

 

 

 

 

 

Major Goods/Services

 

Segment (1)

 

 

Segment

 

 

Consolidated

 

Admissions revenues

 

$

291,636

 

 

$

64,872

 

 

$

356,508

 

Concession revenues

 

 

189,561

 

 

 

41,485

 

 

 

231,046

 

Screen advertising, screen rental and promotional revenues

 

 

46,199

 

 

 

16,332

 

 

 

62,531

 

Other revenues

 

 

29,513

 

 

 

6,712

 

 

 

36,225

 

Total revenues

 

$

556,909

 

 

$

129,401

 

 

$

686,310

 

 

 

 

 

Twelve Months Ended

 

 

 

December 31, 2019

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

Operating

 

 

Operating

 

 

 

 

 

Major Goods/Services

 

Segment (1)

 

 

Segment

 

 

Consolidated

 

Admissions revenues

 

$

1,431,790

 

 

$

373,531

 

 

$

1,805,321

 

Concession revenues

 

 

936,241

 

 

 

224,842

 

 

 

1,161,083

 

Screen advertising, screen rental and promotional revenues

 

 

128,839

 

 

 

35,888

 

 

 

164,727

 

Other revenues

 

 

84,033

 

 

 

67,935

 

 

 

151,968

 

Total revenues

 

$

2,580,903

 

 

$

702,196

 

 

$

3,283,099

 

 

 

 

Twelve Months Ended

 

 

 

December 31, 2018

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

Operating

 

 

Operating

 

 

 

 

 

Major Goods/Services

 

Segment (1)

 

 

Segment

 

 

Consolidated

 

Admissions revenues

 

$

1,461,151

 

 

$

373,022

 

 

$

1,834,173

 

Concession revenues

 

 

892,391

 

 

 

216,402

 

 

 

1,108,793

 

Screen advertising, screen rental and promotional revenues

 

 

78,591

 

 

 

61,269

 

 

 

139,860

 

Other revenues

 

 

106,824

 

 

 

32,085

 

 

 

138,909

 

Total revenues

 

$

2,538,957

 

 

$

682,778

 

 

$

3,221,735

 

 

(1)

U.S. segment revenues exclude intercompany transactions with the international operating segment.  See Note 21 for additional information on intercompany eliminations.

The following tables present revenues for the periods indicated, disaggregated based on timing of revenue recognition (as discussed above).

 

 

Twelve Months Ended

 

 

 

December 31, 2020

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

Operating

 

 

Operating

 

 

 

 

 

 

 

Segment (1)

 

 

Segment

 

 

Consolidated

 

Goods and services transferred at a point in time

 

$

497,338

 

 

$

109,997

 

 

$

607,335

 

Goods and services transferred over  time

 

 

59,571

 

 

 

19,404

 

 

 

78,975

 

Total

 

$

556,909

 

 

$

129,401

 

 

$

686,310

 

 

 

 

Twelve Months Ended

 

 

 

December 31, 2019

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

Operating

 

 

Operating

 

 

 

 

 

 

 

Segment (1)

 

 

Segment

 

 

Consolidated

 

Goods and services transferred at a point in time

 

$

2,488,716

 

 

$

621,785

 

 

$

3,110,501

 

Goods and services transferred over time

 

 

92,187

 

 

 

80,411

 

 

 

172,598

 

Total

 

$

2,580,903

 

 

$

702,196

 

 

$

3,283,099

 

 

 

 

Twelve Months Ended

 

 

 

December 31, 2018

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

Operating

 

 

Operating

 

 

 

 

 

 

 

Segment (1)

 

 

Segment

 

 

Consolidated

 

Goods and services transferred at a point in time

 

$

2,453,313

 

 

$

608,347

 

 

$

3,061,660

 

Goods and services transferred over time

 

 

85,644

 

 

 

74,431

 

 

 

160,075

 

Total

 

$

2,538,957

 

 

$

682,778

 

 

$

3,221,735

 

 

 

(1)

U.S. segment revenues exclude intercompany transactions with the international operating segment.  See Note 21 for additional information on intercompany eliminations.

Changes in Deferred Revenues

The following table presents changes in the Company’s deferred revenues for the year ended December 31, 2020.  

Deferred Revenues

 

NCM Screen Advertising Advances (1)

 

 

Other

Deferred

Revenues (2)

 

 

Total

 

Balance at January 1, 2020

 

$

348,354

 

 

$

138,426

 

 

$

486,780

 

Amounts recognized as accounts receivable

 

 

 

 

 

2,915

 

 

 

2,915

 

Cash received from customers in advance

 

 

 

 

 

56,772

 

 

 

56,772

 

Common units received from NCM (see Note 8)

 

 

3,620

 

 

 

 

 

 

3,620

 

Interest accrued related to significant financing component

 

 

23,595

 

 

 

 

 

 

23,595

 

Revenue recognized during period

 

 

(31,314

)

 

 

(57,625

)

 

 

(88,939

)

Foreign currency translation adjustments

 

 

 

 

 

(1,658

)

 

 

(1,658

)

Balance at December 31, 2020

 

$

344,255

 

 

$

138,830

 

 

$

483,085

 

 

(1)

See Significant Financing Component discussion below.  See Note 8 for the maturity of balances as of December 31, 2020.  

 

(2)

Includes liabilities associated with outstanding gift cards and discount ticket vouchers, points or rebates outstanding under the Company’s loyalty and membership programs and revenues not yet recognized for screen advertising and other promotional activities. Amount is classified as accounts payable and accrued expenses or other long-term liabilities on the 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 December 31, 2020 and when the Company expects to recognize this revenue.

 

 

Twelve Months Ended December 31,

 

 

 

 

 

 

 

 

 

Remaining Performance Obligations

 

2021

 

 

2022

 

 

2023

 

2024

 

 

2025

 

 

Thereafter

 

 

Total

 

Deferred revenue - other

 

$

124,326

 

 

 

14,504

 

 

 

 

 

 

 

 

 

 

 

 

 

$

138,830