Annual report pursuant to Section 13 and 15(d)

OTHER INVESTMENTS (Tables)

v3.6.0.2
OTHER INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2016
Summary of Activity of 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     Other     Total  

Balance at January 1, 2014

   $ 38,033     $ 10,443     $ 6,426     $ 2,589     $ 2,166     $ 59,657  

Cash contributions

     2,188       —         —         —         —         2,188  

Equity in income (loss)

     15,279       —         1,473       (151     —         16,601  

Equity in other comprehensive loss

     (219     —         —         —         —         (219

Unrealized holding gain

     —         3,986       —         —         —         3,986  

Cash distributions received

     (4,004     —         —         —         —         (4,004

Other

     —         —         —         —         (551     (551
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2014

   $ 51,277   $ 14,429   $ 7,899     $ 2,438   $ 1,615   $ 77,658

Cash contributions

     3,211       —         —         —         500       3,711  

Equity in income

     18,522       —         970       124       —         19,616  

Equity in other comprehensive loss

     (384     —         —         —         —         (384

Unrealized holding loss

     —         (1,529     —         —         —         (1,529

Sale of investment in Taiwan (1)

     —         —         —         —         (1,383     (1,383

Cash distributions received

     (1,047     —         (1,600     —         —         (2,647

Other

     —         —         —         —         (69     (69
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2015

   $ 71,579   $ 12,900   $ 7,269     $ 2,562   $ 663   $ 94,973

Cash contributions

     717       —         —         —         —         717  

Equity in income

     21,434       —         311       870       —         22,615  

Equity in other comprehensive income

     89       —         —         —         —         89  

Sale of investment(2)

     —         (12,900     —         —         —         (12,900

Cash distributions received

     (6,000     —         (1,600     (98     —         (7,698

Other

     —         —         —         (584     1,105       521  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2016

   $ 87,819   $ —       $ 5,980     $ 2,750   $ 1,768     $ 98,317  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

The Company sold its investment in a Taiwan joint venture for $2,634, resulting in a gain of $1,251, which is included in loss on sale of assets and other for the year ended December 31, 2015.

(2) 

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

Transactions with DCIP

The Company had the following transactions with DCIP during the years ended December 31, 2014, 2015 and 2016:

 

     Year Ended December 31,  
     2014      2015      2016  

Equipment lease payments

   $ 4,012      $ 4,474      $ 5,217  

Warranty reimbursements from DCIP

   $ (3,169    $ (4,329    $ (6,091

Management services fees

   $ 782      $ 825      $ 825  
NCM  
Summary Financial Information

The tables below present summary financial information for NCM for the periods indicated (financial information for NCM’s fiscal year ended December 29, 2016 is not yet available):

 

     Year Ended      Nine Months
Ended

September 29, 2016
 
     January 1, 2015      December 31, 2015     

Gross revenues

   $ 393,994      $ 446,463      $ 305,101  

Operating income

   $ 159,624      $ 140,498      $ 100,911  

Net income

   $ 96,309      $ 87,474      $ 49,619  

 

     As of
December 31, 2015
     As of
September 29, 2016
 

Total assets

   $ 782,579      $ 758,607  

Total liabilities

   $ 1,049,145      $ 1,007,704  
Digital Cinema Implementation Partners  
Summary Financial Information

Below is summary financial information for DCIP as of and for the years ended December 31, 2014, 2015 and 2016.

 

     Year ended December 31,  
     2014      2015      2016  

Net operating revenue

   $ 170,724      $ 171,203      $ 178,836  

Operating income

   $ 101,956      $ 103,449      $ 107,919  

Net income

   $ 61,293      $ 79,255      $ 89,152  

 

     As of  
     December 31,
2015
     December 31,
2016
 

Total assets

   $ 1,004,757      $ 906,377  

Total liabilities

   $ 675,192      $ 509,197