Quarterly report pursuant to Section 13 or 15(d)

Other Investments (Tables)

v3.22.2.2
Other Investments (Tables)
9 Months Ended
Sep. 30, 2022
Summary 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 29, 2022

 

 

September 30, 2021

 

 

September 29, 2022

 

 

September 30, 2021

 

Gross revenue

 

$

54.5

 

 

$

31.7

 

 

$

157.5

 

 

$

51.1

 

Operating loss

 

$

(4.3

)

 

$

(18.7

)

 

$

(21.2

)

 

$

(76.6

)

Net loss

 

$

(24.4

)

 

$

(35.3

)

 

$

(79.0

)

 

$

(125.7

)

 

 

 

As of

 

 

As of

 

 

 

September 29, 2022

 

 

December 30, 2021

 

Current assets

 

$

123.5

 

 

$

115.4

 

Noncurrent assets

 

$

637.5

 

 

$

658.0

 

Current liabilities

 

$

72.7

 

 

$

67.2

 

Noncurrent liabilities

 

$

1,162.4

 

 

$

1,114.7

 

Members deficit

 

$

(474.1

)

 

$

(408.5

)

Summary Of distributions and warranty reimbursements from DCIP Table [Text Block]

The Company received distributions and warranty reimbursements from DCIP for the three and nine months ended September 30, 2022 and 2021 as follows:

 

Three Months Ended

 

 

Nine Months Ended

 

Transactions

September 30, 2022

 

 

September 30, 2021

 

 

September 30, 2022

 

 

September 30, 2021

 

Warranty reimbursements (1)

$

 

 

$

(0.1

)

 

$

 

 

$

(0.8

)

Distributions from DCIP (2)

$

3.7

 

 

$

6.5

 

 

$

3.7

 

 

$

6.5

 

(1)
Recorded as a reduction of utilities and other costs on the condensed consolidated statements of loss.
(2)
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. Reflected as distributions from DCIP on the condensed consolidated statements of loss.
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 and nine months ended September 30, 2022 and 2021:

 

 

Three Months Ended

 

 

Nine Months Ended

 

Investee

Transactions

September 30, 2022

 

 

September 30, 2021

 

 

September 30, 2022

 

 

September 30, 2021

 

AC JV, LLC

Event fees paid (1)

$

2.1

 

 

$

0.8

 

 

$

6.6

 

 

$

1.4

 

DCDC

Content delivery fees paid (1)

$

0.1

 

 

$

0.2

 

 

$

0.4

 

 

$

0.4

 

(1)
Included in film rentals and advertising costs on the condensed consolidated statements of loss.
Digital Cinema Implementation Partners  
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 nine months ended September 30, 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

 

 

(1.5

)

 

 

 

 

 

 

 

(1.5

)

Equity income

 

 

1.6

 

 

0.1

 

 

1.1

 

 

 

 

2.8

 

Other

 

 

 

 

 

 

 

 

(0.2

)

 

(0.2

)

Balance at September 30, 2022

 

$

3.8

 

$

1.9

 

$

20.4

 

$

0.2

 

$

26.3