Annual report pursuant to Section 13 and 15(d)

Other Investments (Tables)

v3.10.0.1
Other Investments (Tables)
12 Months Ended
Dec. 31, 2018
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

 

 

RealD

 

 

AC JV,

LLC

 

 

DCDC

 

 

FE Concepts

 

 

Other

 

 

Total

 

Balance at January 1, 2016

 

$

71,579

 

 

$

12,900

 

 

$

7,269

 

 

$

2,562

 

 

$

 

 

$

663

 

 

$

94,973

 

Cash contributions

 

 

717

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

415

 

 

 

1,132

 

Equity in income

 

 

21,434

 

 

 

 

 

 

311

 

 

 

870

 

 

 

 

 

 

 

 

 

22,615

 

Equity in comprehensive income

 

 

89

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

89

 

Sale of investment (1)

 

 

 

 

 

(12,900

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(12,900

)

Cash distributions received

 

 

(6,000

)

 

 

 

 

 

(1,600

)

 

 

(98

)

 

 

 

 

 

 

 

 

(7,698

)

Other (2)

 

 

 

 

 

 

 

 

 

 

 

(584

)

 

 

 

 

 

690

 

 

 

106

 

Balance at December 31, 2016

 

$

87,819

 

 

$

 

 

$

5,980

 

 

$

2,750

 

 

$

 

 

$

1,768

 

 

$

98,317

 

Cash contributions

 

 

1,112

 

 

 

 

 

 

 

 

 

 

 

 

104

 

 

 

2,499

 

 

 

3,715

 

Equity in income

 

 

22,900

 

 

 

 

 

 

2,336

 

 

 

1,199

 

 

 

 

 

 

 

 

 

26,435

 

Equity in comprehensive income

 

 

248

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

248

 

Cash distributions received

 

 

(5,864

)

 

 

 

 

 

(2,400

)

 

 

(351

)

 

 

 

 

 

 

 

 

(8,615

)

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(55

)

 

 

(55

)

Balance at December 31, 2017

 

$

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 (2)

 

 

 

 

 

 

 

 

 

 

 

(2,437

)

 

 

(104

)

 

 

(137

)

 

 

(2,678

)

Balance at December 31, 2018

 

$

125,252

 

 

$

 

 

$

5,266

 

 

$

2,255

 

 

$

19,918

 

 

$

4,075

 

 

$

156,766

 

(1)

See further discussion of the sale of the investment held by the Company under RealD, Inc. below.

(2)

Other activity for DCDC for the years ended December 31, 2016 and 2018 consisted of returns of capital originally contributed by the Company.

Digital Cinema Implementation Partners  
Summary Financial Information

Below is summary financial information for DCIP as of and for the years ended December 31, 2016, 2017 and 2018:

 

 

 

Year ended December 31,

 

 

 

2016

 

 

2017

 

 

2018

 

Revenues

 

$

178,836

 

 

$

177,382

 

 

$

172,534

 

Operating income

 

$

107,919

 

 

$

106,687

 

 

$

102,236

 

Net income

 

$

89,152

 

 

$

93,103

 

 

$

94,757

 

 

 

 

As of

 

 

 

December 31, 2017

 

 

December 31, 2018

 

Current assets

 

$

56,296

 

 

$

57,907

 

Noncurrent assets

 

$

772,438

 

 

$

684,545

 

Current liabilities

 

$

59,153

 

 

$

67,408

 

Noncurrent liabilities

 

$

296,889

 

 

$

125,596

 

Members' equity

 

$

472,692

 

 

$

549,448

 

Transactions with DCIP The Company had the following transactions with DCIP during the years ended December 31, 2016, 2017 and 2018:

 

 

Year Ended December 31,

 

 

 

2016

 

 

2017

 

 

2018

 

Equipment lease payments

 

$

5,217

 

 

$

5,743

 

 

$

4,862

 

Warranty reimbursements from DCIP

 

$

(6,091

)

 

$

(8,511

)

 

$

(10,800

)

Management services fees

 

$

825

 

 

$

823

 

 

$

730