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Loew's, Inc.
WITH COMPARATIVE STATEMENTS FOR 1924 AND 1923 ASSETS
1924 1923
Current and Working:
Cash $2,139,895.97 $808,362.21
Receivables:
Accounts receivable $798,970.17 $431,271.36
Notes receivable 108,837.69 64,123.50
Due from affiliated corporations (less than 100%
owned) 1,142,062.98 1,270,837.79
2,049,870.84 ■ 1,766,232.65
Inventories :
Films in process, completed and released (after
amortization) $6,191,838.58 $2,057,526.96
Film advertising accessories 155,267.79 211,627.28
Theater and studio supplies 201,102.13 73,516.11
6,548,208.50 2,342,670.35
Advances :
To producers, secured by
productions $2,160,015.41 $2,384,261.57
Mortgage and interest payments 159,126.09 127,675.79
2,319,141.50 *2, 539, 565. 44
Total current and working assets $13,057,116.81 $7,456,830.65
Investments:
In affiliated corporations $5,606,853.20 $3,374,894.01
Deposits on leases and contracts 288,883.08 234,878.06
Miscellaneous 400.945.27 12'9,366.10
$6,296,681.55 $3,739,137.17
Property 100% Owned:
Land $4,422,797.57 $4,286,194.04
Buildings and equipment 16,820,650.96 13,546,633.44
Leaseholds 307,498.84 242,498.44
$21,550,947.37 $18,075,326.32 Less reserve for depreciation 2,708,980.83 1,495,141.12
$18,841,966.54 $16,580,185.20
Deferred 740,262.98 704,774.65
Leases, contracts and goodwill 10,977,083.30 11,039,096.15
$49,913,111.18 $39,520,024.82
LIABILITIES
Current :
Accounts payable $2,437,309.64 $926,145.48
Notes payable 1,602,862.50 226,250.00
Theater admission taxes 18,590.97 153,952.95
Federal income taxes (net).. 185,795.18 215,060.17
Accrued interest 161,446.51 129,844.59
Advances from affiliated corps 173,467.13 68,096.76
Total current liabilities $4,579,471.93 $1,719,349.95
Dividend payable Sept. 30 530,390.00
Subsidiary corp. dividend payable Sept. 15 ... 78.173.78 Bonds, mortgages and collateral trust obligations
of subsidiary corps 9,216,377.88 7.965.333.34
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