Twelve Months Ended December 31,

Remaining Performance Obligations

2021

2022

2023

2024

2025

Thereafter

Total

Deferred revenue - other

$

124,326

14,504

—

—

—

$

138,830

Twelve Months Ended December 31,

Remaining Maturity

2021

2022

2023

2024

2025

Thereafter

Total

NCM screen advertising advances ⁽¹⁾

$

8,268

8,840

9,452

10,108

10,811

296,776

$

344,255

Investment in NCM

NCM Screen Advertising Advances

Distributions from NCM

Equity

in (Earnings) Loss

Other Revenue

Interest Expense

- NCM ⁽³⁾

Cash Received

Balance as of January 1, 2018

$

200,550

$

(351,706

)

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⁾

—

—

—

—

(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

)

$

19,724.00

$

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

—

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

Receipt of common units due to annual common unit adjustment

3,620

(3,620

)

—

—

—

—

—

Revenues earned under ESA ⁽¹⁾

—

—

—

—

(4,689

)

—

4,689

Interest accrued related to significant financing component ⁽²⁾

—

(23,595

)

—

—

—

23,595

—

Receipt of excess cash distributions

(12,022

)

—

(5,914

)

—

—

—

17,936

Receipt under tax receivable agreement

(2,146

)

—

(1,061

)

—

—

—

3,207

Equity in loss

(10,627

)

—

—

10,627

—

—

—

Impairment of investment in NCM ⁽⁴⁾

(92,655

)

—

—

—

—

—

—

Amortization of screen advertising advances

—

31,314

—

—

(31,314

)

—

—

Balance as of and for the twelve months ended December 31, 2020

$

151,962

$

(344,255

)

$

(6,975

)

$

10,627

$

(36,003

)

$

23,595

$

25,832

⁽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 $11,965, $11,478 and $2,605 for the years ended December 31, 2018, 2019 and 2020, 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.

⁽³⁾

Approximately $4,828 represents screen rental revenues earned under the amendment to the ESA.  See Note 5.

⁽⁴⁾

Recorded in impairment of long-lived and other assets on the consolidated income statement for the year ended December 31, 2020.  See further discussion below.  

Year Ended

Year Ended

Year Ended

December 27, 2018

December 26, 2019

December 31, 2020

Revenues

$

441,400

$

444,800

$

89,887

Operating income (loss)

$

154,300

$

155,700

$

(59,671

)

Net income (loss)

$

98,400

$

98,800

$

(115,753

)

As of

As of

December 26, 2019

December 31, 2020

Current assets

$

185,400

$

142,566

Noncurrent assets

$

706,600

$

685,643

Current liabilities

$

125,500

$

46,872

Noncurrent liabilities

$

947,800

$

1,072,207

Members' deficit

$

(181,300

)

$

(290,870

)