Quarterly report pursuant to Section 13 or 15(d)

Other Investments (Tables)

v3.22.1
Other Investments (Tables)
3 Months Ended
Mar. 31, 2022
Summary of Activity for Each of Company's Other Investments

Below is a summary of transactions with each of the Company’s other investees for the three months ended March 31, 2022 and 2021:

 

 

 

Three Months Ended

 

Investee

Transactions

 

March 31, 2022

 

 

March 31, 2021

 

DCIP

Equipment lease payments (1)

 

$

 

 

$

1.0

 

DCIP

Warranty reimbursements (2)

 

$

 

 

$

(0.3

)

AC JV, LLC

Event fees paid (3)

 

$

1.8

 

 

$

0.2

 

DCDC

Content delivery fees paid (3)

 

$

0.2

 

 

$

0.1

 

(1)
As a result of the MELA amendment noted above, the Company recorded a lease termination liability during 2020. Lease termination payments of $1.0 made to DCIP during the three months ended March 31, 2021 reduced the liability outstanding, which was fully paid by October 2021.
(2)
Included in utilities and other costs on the condensed consolidated statements of loss.
(3)
Included in film rentals and advertising costs on the condensed consolidated statements of loss.
Digital Cinema Implementation Partners  
Summary Financial Information

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

 

 

Three Months Ended

 

 

 

March 31, 2022

 

 

March 31, 2021

 

Gross revenues

 

$

0.5

 

 

$

5.6

 

Operating income (loss)

 

$

(0.5

)

 

$

4.0

 

Net income (loss)

 

$

(0.6

)

 

$

3.9

 

 

 

 

As of

 

 

 

March 31, 2022

 

 

December 31, 2021

 

Current assets

 

$

22.1

 

 

$

22.9

 

Current liabilities

 

$

11.4

 

 

$

11.6

 

Members' equity

 

$

10.7

 

 

$

11.3

 

Transactions with DCIP

Below is a summary of activity for each of the Company’s other investees and corresponding changes to the Company's investment balances during the three months ended March 31, 2022:

 

 

AC JV,
LLC

 

DCDC

 

FE Concepts

 

Other

 

Total

 

Balance at January 1, 2022

 

$

3.7

 

$

1.8

 

$

19.3

 

$

0.4

 

$

25.2

 

Cash distributions received

 

 

(0.6

)

 

 

 

 

 

 

 

(0.6

)

Equity income

 

 

1.0

 

 

0.1

 

 

0.2

 

 

 

 

1.3

 

Other

 

 

 

 

 

 

 

 

(0.1

)

 

(0.1

)

Balance at March 31, 2022

 

$

4.1

 

$

1.9

 

$

19.5

 

$

0.3

 

$

25.8

 

 

Transactions with Other Investees