Twelve Months Ended December 31,

Remaining Performance Obligations

2020

2021

2022

2023

2024

Thereafter

Total

Deferred revenue - other

$

125,334

12,897

195

—

—

—

$

138,426

Twelve Months Ended December 31,

Remaining Maturity

2020

2021

2022

2023

2024

Thereafter

Total

NCM screen advertising advances ⁽¹⁾

$

7,669

8,197

8,762

9,368

10,016

304,342

$

348,354

Investment in NCM

NCM Screen Advertising Advances

Distributions from NCM

Equity

in Earnings

Other Revenue

Interest Expense

- NCM ⁽³⁾

Cash Received

Balance as of January 1, 2017

$

189,995

$

(343,928

)

Receipt of common units due to annual common unit adjustment

18,363

(18,363

)

$

—

$

—

$

—

$

—

$

—

Revenues earned under ESA ⁽¹⁾

—

—

—

—

(11,274

)

—

11,274

Receipt of excess cash distributions

(15,093

)

—

(14,158

)

—

—

—

29,251

Receipt under tax receivable agreement

(2,265

)

—

(2,249

)

—

—

—

4,514

Equity in earnings

9,550

—

—

(9,550

)

—

—

—

Amortization of screen advertising advances

—

10,585

—

—

(10,585

)

—

—

Balance as of and for the twelve months ended December 31, 2017

$

200,550

$

(351,706

)

$

(16,407

)

$

(9,550

)

$

(21,859

)

$

—

$

45,039

Impact of adoption of ASC Topic 606 ⁽²⁾

—

(9,288

)

—

—

—

—

—

Receipt of common units due to annual common unit adjustment

5,012

(5,012

)

—

—

—

—

—

Purchase of additional common units

78,393

—

—

—

—

—

—

Revenues earned under ESA ^{(1) (2)}

—

—

—

—

(31,867

)

19,724

12,143

Receipt of excess cash distributions

(19,786

)

—

(13,231

)

—

—

—

33,017

Receipt under tax receivable agreement

(2,419

)

—

(2,158

)

—

—

—

4,577

Equity in earnings

13,842

—

—

(13,842

)

—

—

—

Amortization of screen advertising advances

—

15,764

—

—

(15,764

)

—

—

Balance as of and for the twelve months ended December 31, 2018

$

275,592

$

(350,242

)

$

(15,389

)

$

(13,842

)

$

(47,631

)

$

19,724

$

49,737

Receipt of common units due to annual common unit adjustment

1,552

(1,552

)

—

—

—

—

—

Revenues earned under ESA ^{(1) (3)}

—

—

—

—

(13,782

)

—

13,782

Interest accrued related to significant financing component ⁽²⁾

—

(28,624

)

—

—

—

28,624

—

Receipt of excess cash distributions

(23,452

)

—

(11,631

)

—

—

—

35,083

Receipt under tax receivable agreement

(2,492

)

—

(1,242

)

—

—

—

3,734

Equity in earnings

14,592

—

—

(14,592

)

—

—

—

Amortization of screen advertising advances ⁽²⁾

—

32,064

—

—

(32,064

)

—

—

Balance as of and for the twelve months ended December 31, 2019

$

265,792

$

(348,354

)

$

(12,873

)

$

(14,592

)

$

(45,846

)

$

28,624

$

52,599

⁽¹⁾

Amounts include the per patron and per digital screen theatre access fees due to the Company, net of amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire. The amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire were approximately $11,110, $11,965 and $11,478 for the years ended December 31, 2017, 2018 and 2019, respectively.

⁽²⁾

As a result of adoption of ASC Topic 606, the Company determined that the deferred revenue associated with the ESA and CUA agreement should be amortized on a straight-line basis versus the units of revenue method followed prior to adoption.  In addition, the Company determined that a significant financing component existed for the ESA.  See Note 4 for further discussion of the impact of the adoption of ASC Topic 606.

⁽³⁾

Approximately $4,828 represents screen rental revenues earned under the amendment to the ESA.  See Note 4.

Year Ended

Year Ended

Year Ended

December 28, 2017

December 27, 2018

December 26, 2019

Revenues

$

426,100

$

441,400

$

444,800

Operating income

$

153,900

$

154,300

$

155,700

Net income

$

101,900

$

98,400

$

98,800

As of

As of

December 27, 2018

December 26, 2019

Current assets

$

172,700

$

185,400

Noncurrent assets

$

726,800

$

706,600

Current liabilities

$

115,200

$

125,500

Noncurrent liabilities

$

924,900

$

947,800

Members' deficit

$

(140,600

)

$

(181,300

)