Annual report pursuant to Section 13 and 15(d)

Other Investments (Tables)

v3.8.0.1
Other Investments (Tables)
12 Months Ended
Dec. 31, 2017
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

 

 

Other

 

 

Total

 

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 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

 

 

 

 

 

 

 

 

 

 

 

 

415

 

 

 

1,132

 

Equity in income

 

 

21,434

 

 

 

 

 

 

311

 

 

 

870

 

 

 

 

 

 

22,615

 

Equity in comprehensive income

 

 

89

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

89

 

Sale of investment (2)

 

 

 

 

 

(12,900

)

 

 

 

 

 

 

 

 

 

 

 

(12,900

)

Cash distributions received

 

 

(6,000

)

 

 

 

 

 

(1,600

)

 

 

(98

)

 

 

 

 

 

(7,698

)

Other

 

 

 

 

 

 

 

 

 

 

 

(584

)

 

 

690

 

 

 

106

 

Balance at December 31, 2016

 

$

87,819

 

 

$

 

 

 

$

5,980

 

 

$

2,750

 

 

$

1,768

 

 

$

98,317

 

Cash contributions

 

 

1,112

 

 

 

 

 

 

 

 

 

 

 

 

2,603

 

 

 

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

 

 

$

4,316

 

 

$

120,045

 

 

(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, 2015, 2016 and 2017:

 

 

Year Ended December 31,

 

 

 

2015

 

 

2016

 

 

2017

 

Equipment lease payments

 

$

4,474

 

 

$

5,217

 

 

$

5,743

 

Warranty reimbursements from DCIP

 

$

(4,329

)

 

$

(6,091

)

 

$

(8,511

)

Management services fees

 

$

825

 

 

$

825

 

 

$

823

 

 

Digital Cinema Implementation Partners  
Summary Financial Information

Below is summary financial information for DCIP as of and for the years ended December 31, 2015, 2016 and 2017.

 

 

 

Year ended December 31,

 

 

 

2015

 

 

2016

 

 

2017

 

Revenues

 

$

171,203

 

 

$

178,836

 

 

$

177,382

 

Operating income

 

$

103,449

 

 

$

107,919

 

 

$

106,687

 

Net income

 

$

79,255

 

 

$

89,152

 

 

$

93,103

 

 

 

 

As of

 

 

 

December 31, 2016

 

 

December 31, 2017

 

Current assets

 

$

45,087

 

 

$

56,296

 

Noncurrent assets

 

$

861,290

 

 

$

772,438

 

Current liabilities

 

$

44,771

 

 

$

59,153

 

Noncurrent liabilities

 

$

464,246

 

 

$

296,889

 

Members' equity

 

$

397,360

 

 

$

472,692