Year book of motion pictures (1934)

Record Details:

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First Mortgage Payable: The Provident Institute {or Savings, Boston — $15,000 due Oct. 15, 1933; Balance due April 15. 1934 630,000.00 Capital Stock and Surplus: Common stock, 155,249 1-3 shares $25 par value, $3,831,233.33; surplus (paid-in, earned and by appraisal): Sept. 1, 1932, $134,559.65; add — net cash profit — year ended Aug. 31, 1933, $36,396.22; less: depreciation — year ended Aug. 31, 1933, $51,365.78; dividends on common stock, $93,148.60; balance Aug. 31, 1933, $26,441.49 3,907.674.82 $4,604,066.34 Contingent Liability: First Mortgage Bonds of the State Theater Co., Guaranteed — $1,113,000 METRO-GOLDWYN-MAYER CORP. {Controlled by Loew's, Inc.) Producer and Distributor Incorporated May 17, 1924, in Delaware General Office, 1540 Broadway, New York Organized in 1°T6 as Goldwyn Producing Corp. Corp. See Metro-Goldwyn Pictures. Owns in fee Present name adopted in June, 1924. Controlled picture producing properties in Culver City, Cal. by I.oew's, Inc., through Metro-Goldwyn Pictures METRO-GOLDWYN PICTURES CORP. (.Controlled by Loew's Inc.) Producer Incorporated Nov. 19, 1916, in New York ^ General Office, 1540 Broadway, New York ~ Earned High Low Per Sh. 22 13'A $8.61 22-4 14 18.78 27 15 38.71 2634 23 60.00 27 21'A 40.32 27^ 24 'A 31.22 26'A 24H 16.68 25 'A 22>A 16.94 24 'A 18 10.90 19 19 Consolidation of Metro Corp., and Goldwyn Pic PFD. STOCK PRICE RANGE tures Corp. Owns or has interest in various subsidiaries, including Metro-Goldwyn Distributing Year Corp., 100% owned. 1933 1932 Capitalization: Preferred stock (par $27), cumu 1931 lative 7</t, redeemable on 30 days' notice, 184,098^ 1930 shares authorized; 1 54,173 5-6 shares outstanding. 1929 Common stock (par $5), $3,100,000 authorized and ]9?8 '.' outstanding. Entire common stock held by M-G-M 1927 Co., Inc.. Delaware corporation, wholly owned by 1926 Loew's, Inc. 1925 Dividend: Preferred, $1.89 annually. 1924 CONSOLIDATED BALANCE SHEET, AUG. 31, 1933 Assets Current and Working: Cash $1,981,437.52 Receivables: Accounts receivable, $1,216,442.99; notes receivable, $38,400.56; due from affiliated corporations, $2.897.94 1,257,741.49 Inventories — at Cost: Film productions in process, completed and released (after amortization), $19,894,407.41; books and rights, $1,605,199.11; film advertising accessories, $409, 943.35; studio materials and supplies. $257,721.27 22,167.271.14 Advances: To motion picture producers, secured by film productions 850.749.36 Total Current and Working Assets $26,257,199.51 Investments: In affiliated corporations, $2,144,383; deposits on leases and contracts, $226. 162.72; miscellaneous, $46.237.82 2,416,783.54 Property: Land, $3,074,474.73; buildings and equipment. $13,097,191.01; less — reserve for depreciation, $6,095,280.17 10.676,385.57 Deferred: Prepayments, $507,859.75; preliminary and development expense — foreign, $759, 731.70 1,267,591.45 Liabilities $40,617,960.07 Current: Accounts payable, $3,024,789.36; dividend on preferred stock payable September 15th. $72,846.92; notes payable. $76,330.85; Federal income taxes, $307.925.15 $3,481,892.28 Due to Loew's Incorporated 19.222.000.00 Mortgage of subsidiary corporation 1,557.200.00 Deferred credits 593.896.83 Capital Stock: Preferred, $27 par, authorized 184.0984-$ shares, issued 154.1734$ shares. $4,162,681.13; common, $5 par, authorized and issued, 620.000 shares. $3.100.000 7,262.681.13 Surplus: Sept. 1, 1932 $7,470,151.88; net profit for fiscal year ended Aug. 31, 1933. $1, 326.827.11; less dividends paid and declared on preferred stock, $296.689.16 8,500.289.83 Contingent Liability as Guarantor (subject to the rights .if Preferred Stockholders of Metro-Goldwyn Pictures Corporation) of an issue of $15,000,000, (■',', Debentures of Loew's, Inc., now reduced to $8,965,000. 892 $40,617,960.07