Annual report pursuant to Section 13 and 15(d)

Other Investments (Tables)

v3.20.4
Other Investments (Tables)
12 Months Ended
Dec. 31, 2020
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, 2018

 

$

106,215

 

 

$

5,916

 

 

$

3,598

 

 

$

104

 

 

$

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

 

 

$

19,918.00

 

 

$

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 (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,196

)

 

 

(1,196

)

Balance at December 31, 2019

 

$

124,696

 

 

$

5,022

 

 

$

3,169

 

 

$

19,519

 

 

$

2,879

 

 

$

155,285

 

Equity in loss

 

 

(24,559

)

 

 

(1,277

)

 

 

(1,036

)

 

 

(1,246

)

 

 

 

 

 

(28,118

)

Cash contributions

 

 

50

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

50

 

Cash distributions received

 

 

(10,383

)

 

 

 

 

 

(878

)

 

 

 

 

 

 

 

 

(11,261

)

Non-cash distribution received (2)

 

 

(89,804

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(89,804

)

Other (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2,426

)

 

 

(2,426

)

Balance at December 31, 2020

 

$

 

 

$

3,745

 

 

$

1,255

 

 

$

18,273

 

 

$

453

 

 

$

23,726

 

 

(1)

Other activity for DCDC for the year ended December 31, 2018 consisted of returns of capital originally contributed by the Company.  Other activity for the year ended December 31, 2019 consists primarily of and mark-to-market adjustment on an investment in marketable securities.

 

(2)

Consists of projectors distributed to the Company from DCIP as discussed below.

 

(3)

Consists primarily of the impairment of a cost method investment (see Note 11 for discussion of impairments recorded) and 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, 2018, 2019 and 2020:

 

 

 

Year ended December 31,

 

 

 

2018

 

 

2019

 

 

2020

 

Revenues

 

$

172,534

 

 

$

171,531

 

 

$

30,561

 

Operating income (loss)

 

$

102,236

 

 

$

99,812

 

 

$

(105,691

)

Net income (loss)

 

$

94,757

 

 

$

95,820

 

 

$

(114,243

)

 

 

 

As of

 

 

 

December 31, 2019

 

 

December 31, 2020

 

Current assets

 

$

51,382

 

 

$

36,372

 

Noncurrent assets

 

$

581,547

 

 

$

205

 

Current liabilities

 

$

70,515

 

 

$

39,844

 

Noncurrent liabilities

 

$

190

 

 

$

687

 

Members' equity (deficit)

 

$

562,224

 

 

$

(3,954

)

Transactions with DCIP In addition to the activity presented in the other investments table above, the Company had the following transactions with DCIP during the years ended December 31, 2018, 2019 and 2020:

 

 

Year Ended December 31,

 

 

 

2018

 

 

2019

 

 

2020

 

Equipment lease payments (1)

 

$

4,862

 

 

$

4,399

 

 

$

1,729

 

Warranty reimbursements from DCIP

 

$

(10,800

)

 

$

(11,800

)

 

$

(6,997

)

Management services fees

 

$

730

 

 

$

596

 

 

$

208

 

 

(1)

Excludes lease termination payments of $695 made during the year ended December 31, 2020.  See discussion of MELA termination above.