Year book of motion pictures (1934)

CONSOLIDATED STATEMENT OF INCOME AND SURPLUS, YEAR ENDED DEC. 31, 1932 Gross Income: From operations, $66,16S,756.07 ; other income, $1,192,386.48 $67,361,142.55 l.rss: Cost of sales, general operating, development, selling and administrative expenses 62.285,241.23 Net Income for the Year (before Interest, Depreciation and Amortization of Patents). $5,075,901.32 Deduct: Interest, $1,206,664.12; depreciation, $4,402,822.85; amortization of patents, $600. 000 6,209.486.97 Net Loss for the Year, Transferred to Surplus $1,133,585.65 Dividend on "A" preferred stock 343.019.24 Deficit for the Year $1,476,604.89 Surplus at December 31, 1931 11.327 789.07 Surplus at December 31, 1932 $9.851.184. IS RADIO-KEITH-ORPHEUM CORP. Holding Company Incorporated Oct. 25, 1928, in Maryland General Office, 1564 Broadway, New York Operating under receivership since January. 1933. Accounts of Orpheum Circuit, RKO Western Corp.. RKO Southern Corp., RKO Theaters Operating Corp., Toledo Theaters & Realty, Cleveland Hippodrome, etc.. eliminated from consolidation of accounts in 1933. Adjustments made to write down to nominal value the investments in subsidiary companies in bankruptcy, resulting in the capital deficit shown below. Owns RKO Productions (Radio Pictures) and RKO Pathe motion picture producing units; controls Keith-Albee-Orpheum Corp., theaters and vaudeville, RKO Froctor Corp., theaters, and various other subsidiaries. Entire organization embraces production, distribution, theater operation, vaudeville, etc. Capitalization: Common stock, no par. authorized. 4.500.000 shares; outstanding 2.557,524 shares, less 16.427 shares in treasury. Dividends, None. STOCK PRICE RANGE Year 1933 1932 1931 1931 1930 1929 1928 High 7H New Common Low 1 VA Old 4 Class 24 y2 50 46^ SlVz 2H Stock ■>A 14f| 12 34J4 Earned Per Sh. $1.43D* 4.47D 2.44D $1.44 .63 .82 D — Deficit. 8 months to Aug CONSOLIDATED BALANCE SHEET, AUG. 31, 1933 (As per Receiver's Report No. 2, dated Nov., 1933) Assets Current and Working Assets: Cash, $2,414,529.87; subscriptions to debentures and stock, $286,527.11; accounts receivable, less reserve, $760,345.43; accounts receivable from officers, and employees, $23,572.64; accrued interest, $27,833.59; advances to outside producers, less reserve, $258,374.41; Inventories: (Completed pictures, not released, at co-;t. $912,444.27; released pictures, at cost, less amortization, $2,815,562.49; productions in progress, $2,547,159.65; accessories and supplies, $233,366.40), $6,508,532.81; scenarios and continuities, at cost, less reserve, $789,993.07 $11,069,708.93 Capital Assets: (Revalued as at Jan. 1, 1932), Land owned, $20,472,748.76; buildings and equipment on land owned and on land partly owned and partly leased, less reserve, $16,683,031.30; leasehold improvements and equipment, less reserve. $8,408,513.13; leaseholds, goodwill and contracts, $6,501,683.87 52,065,977.06 Investments in Affiliated and Other Companies: Capital stocks of affiliated and other companies, less reserve, $1,558,930.50; equity in investments in wholly owned foreign subsidiary companies, not consolidated, $660,288.94; notes and accounts receivable from subsidiary companies not consolidated, $125,930.34; advances to and bonds of affiliated companies, less reserve, $637,246.74 2,982.396.52 Other Assets: Bond sinking fund deposits, $152,987.03; deposits under leases and sundry deposits, less reserves, $212,646.18; mortgages receivable. $1,572,163.10; mortgages receivable from subsidiary companies not consolidated. $1; sundry investments and deposits, $92,844.53 2,030,641.84 Deferred Charges: Unamortized bond discount and expense. $334,119.49; property maintenance and improvement expense deferred, $333,973.82; prepaid insurance and sundry deferred expenses. $926,298.47; film production charges and unabsorbed studio overhead, $26,336.25; organization expenses deferred, $29,766.65 1,650,494.68 Liabilities Current Liabilities: Notes payable and debentures, $3,360,69S.38; nr.tes payable of affiliated companies, guaranteed, $69,430.43; accounts payable, sundry, $1,224,591.47; accounts payable to subsidiary companies, not consolidated, $228,079.41; deposits on sales of investments, $50,000; accrued taxes, interest and expenses, $2,068,872.13; accrued1 interest on guaranteed indebtedness of subsidiary companies not consolidated, $92,220.16 Deposits: Deposits to be liquidated by film service, $328,007.89; rent and other deposits, $75,287,21 Deferred accounts payable 898 $69,799,219.03 $7,093,891.98 403,295.10 114,683.96