Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.10.0.1
Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2018
Revenue Initial Application Period Cumulative Effect Transition [Line Items]  
Summary of Revenues Disaggregated Based on Type of Good Or Service By Reportable Operating Segment and On Timing of Revenue Recognition

The following table presents revenues for the three and nine months ended September 30, 2018, disaggregated based on major type of good or service and by reportable operating segment.

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2018

 

 

September 30, 2018

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

Operating

 

 

Operating

 

 

 

 

 

 

Operating

 

 

Operating

 

 

 

 

 

Major Goods/Services

 

Segment (1)

 

 

Segment

 

 

Consolidated

 

 

Segment (1)

 

 

Segment

 

 

Consolidated

 

Admissions revenues

 

$

333,274

 

 

$

94,342

 

 

$

427,616

 

 

$

1,091,489

 

 

$

297,621

 

 

$

1,389,110

 

Concession revenues

 

 

207,960

 

 

 

56,205

 

 

 

264,165

 

 

 

661,328

 

 

 

169,915

 

 

 

831,243

 

Screen advertising and promotional

   revenues

 

 

19,010

 

 

 

13,420

 

 

 

32,430

 

 

 

58,240

 

 

 

43,135

 

 

 

101,375

 

Other revenues

 

 

22,031

 

 

 

7,993

 

 

 

30,024

 

 

 

76,635

 

 

 

24,896

 

 

 

101,531

 

Total revenues

 

$

582,275

 

 

$

171,960

 

 

$

754,235

 

 

$

1,887,692

 

 

$

535,567

 

 

$

2,423,259

 

 

(1)

U.S. segment revenues include eliminations of intercompany transactions with the international operating segment.  See Note 15 for additional information on intercompany eliminations.

The following table presents revenues for the three and nine months ended September 30, 2018, disaggregated based on timing of revenue recognition (see Revenue Recognition Policy above).

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2018

 

 

September 30, 2018

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

Operating

 

 

Operating

 

 

 

 

 

 

Operating

 

 

Operating

 

 

 

 

 

 

 

Segment (1)

 

 

Segment

 

 

Consolidated

 

 

Segment (1)

 

 

Segment

 

 

Consolidated

 

Goods and services transferred at a

   point in time

 

$

561,849

 

 

$

155,291

 

 

$

717,140

 

 

$

1,824,138

 

 

$

482,790

 

 

$

2,306,928

 

Goods and services transferred over

   time

 

 

20,426

 

 

 

16,669

 

 

 

37,095

 

 

 

63,554

 

 

 

52,777

 

 

 

116,331

 

Total

 

$

582,275

 

 

$

171,960

 

 

$

754,235

 

 

$

1,887,692

 

 

$

535,567

 

 

$

2,423,259

 

 

(1)

U.S. segment revenues include eliminations of intercompany transactions with the international operating segment.  See Note 15 for additional information on intercompany eliminations.

Changes in Deferred Revenues

The following table presents changes in the Company’s deferred revenues for the nine months ended September 30, 2018.  

Deferred Revenues

 

Deferred

Revenue -

NCM

 

 

Other

Deferred

Revenues (1)

 

 

Total

 

Balance at January 1, 2018

 

$

351,706

 

 

$

86,498

 

 

$

438,204

 

Impact of adoption of ASC Topic 606

 

 

(53,605

)

 

 

 

 

 

(53,605

)

Amounts recognized as accounts receivable

 

 

 

 

 

13,693

 

 

 

13,693

 

Cash received from customers in advance

 

 

 

 

 

80,617

 

 

 

80,617

 

Common units received from NCM (see Note 7)

 

 

5,012

 

 

 

 

 

 

5,012

 

Revenue recognized during period

 

 

(11,806

)

 

 

(94,790

)

 

 

(106,596

)

Foreign currency translation adjustments

 

 

 

 

 

(2,468

)

 

 

(2,468

)

Balance at September 30, 2018

 

$

291,307

 

 

$

83,550

 

 

$

374,857

 

 

(1)

Includes liabilities associated with outstanding gift cards and SuperSavers, points or rebates outstanding under the Company’s loyalty and membership programs and revenues not yet recognized for screen advertising and other promotional activities. Classified as accounts payable and accrued expenses or other long-term liabilities on the condensed consolidated balance sheet.

Aggregate Amount of Transaction Price Allocated To Performance Obligation That Are Unsatisfied And Expected To Be Recognized

The table below summarizes the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied as of September 30, 2018 and when the Company expects to recognize this revenue.

 

 

Twelve Months Ended September 30,

 

 

 

 

 

 

 

 

 

Remaining Performance Obligations

 

2019

 

 

2020

 

 

2021

 

 

2022

 

 

2023

 

 

Thereafter

 

 

Total

 

Deferred revenue - NCM

 

$

15,831

 

 

$

15,831

 

 

$

15,831

 

 

$

15,831

 

 

$

15,831

 

 

$

212,152

 

 

$

291,307

 

Deferred revenue - other

 

 

70,468

 

 

 

12,682

 

 

 

264

 

 

 

136

 

 

 

 

 

 

 

 

 

83,550

 

Total

 

$

86,299

 

 

$

28,513

 

 

$

16,095

 

 

$

15,967

 

 

$

15,831

 

 

$

212,152

 

 

$

374,857

 

 

Adoption of ASC Topic 606  
Revenue Initial Application Period Cumulative Effect Transition [Line Items]  
Schedule of Changes Increased (Decreased) Admissions, Concession and Other Revenue

The above noted changes increased (decreased) admissions, concession and other revenue for the three and nine months ended September 30, 2018, disaggregated as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2018

 

Admissions revenues

 

$

(1,524

)

 

$

(4,724

)

Concession revenues

 

$

(725

)

 

$

(1,932

)

Other revenues

 

$

25,794

 

 

$

85,963