Quarterly report pursuant to Section 13 or 15(d)

Other Investments (Tables)

v3.21.2
Other Investments (Tables)
9 Months Ended
Sep. 30, 2021
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 nine months ended September 30, 2021:

 

 

AC JV,
LLC

 

DCDC

 

FE Concepts

 

Other

 

Total

 

Balance at January 1, 2021

 

$

3,745

 

$

1,255

 

$

18,273

 

$

453

 

$

23,726

 

Equity income (loss)

 

 

(1,099

)

 

296

 

 

788

 

 

 

 

(15

)

Other

 

 

 

 

 

 

 

 

44

 

 

44

 

Balance at September 30, 2021

 

$

2,646

 

$

1,551

 

$

19,061

 

$

497

 

$

23,755

 

Below is a summary of transactions with each of the Company’s other investees for the nine months ended September 30, 2021:

 

 

 

Nine Months Ended

 

Investee

Transactions

 

September 30, 2021

 

 

September 30, 2020

 

AC JV, LLC

Event fees paid (1)

 

$

1,386

 

 

$

2,258

 

DCDC

Content delivery fees paid (1)

 

$

377

 

 

$

208

 

FE Concepts

Theatre service fees received (2)

 

$

(47

)

 

$

(19

)

(1)
Included in film rentals and advertising costs on the condensed consolidated statements of income.
(2)
Included in other revenues on the condensed consolidated statements of income.
Digital Cinema Implementation Partners  
Summary Financial Information

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

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2021

 

 

September 30, 2020

 

 

September 30, 2021

 

 

September 30, 2020

 

Gross revenues

 

$

27,639

 

 

$

1,084

 

 

$

47,361

 

 

$

20,809

 

Operating income (loss)

 

$

18,427

 

 

$

(29,878

)

 

$

41,868

 

 

$

(72,422

)

Net income (loss)

 

$

18,976

 

 

$

(30,554

)

 

$

42,933

 

 

$

(79,660

)

 

 

 

As of

 

 

 

September 30, 2021

 

 

December 31, 2020

 

Current assets

 

$

41,625

 

 

$

36,372

 

Noncurrent assets

 

$

63

 

 

$

205

 

Current liabilities

 

$

14,562

 

 

$

39,844

 

Noncurrent liabilities

 

$

 

 

$

687

 

Members' equity (deficit)

 

$

27,126

 

 

$

(3,954

)

Transactions with DCIP The Company had the following transactions with DCIP during the three and nine months ended September 30, 2021 and 2020:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2021

 

 

September 30, 2020

 

 

September 30, 2021

 

 

September 30, 2020

 

Equipment lease payments (1)(2)

 

$

 

 

$

346

 

 

$

 

 

$

1,384

 

Warranty reimbursements from DCIP (2)

 

$

(84

)

 

$

 

 

$

(784

)

 

$

(3,123

)

Management service fees (2)

 

$

21

 

 

$

 

 

$

36

 

 

$

84

 

Distributions from DCIP (3)

 

$

6,534

 

 

$

 

 

$

6,534

 

 

$

 

(1)
As a result of the MELA amendment noted above, the Company recorded a lease termination liability during 2020. The lease termination payments made during the nine months ended September 30, 2021 reduced the liability outstanding. The remaining termination liability of $174 as of September 30, 2021 is reflected in accrued other current liabilities on the condensed consolidated balance sheet.
(2)
Amounts reflected in utilities and other costs on the condensed consolidated statements of loss.
Cash distributions received from DCIP are not treated as a reduction of the investment balance because, as discussed above, the Company's equity investment in DCIP is zero.