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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