Year book of motion pictures (1934)

UNIVERSAL PICTURES CO., INC. Producer, Distributor, Exhibitor Incorporated Jan. 15, 1925, in Delaware -— — General Office, 730 Fifth Ave., New York Company is outgrowth of original business estab Standing. Second preferred (cumulative) 7% li-hert as Imp. Films Co. stock, 40,000 shares authorized, 20,000 outstanding Capitalization: Common stock, no par. 2S0.00II . .. ,. shares outstanding. First preferred (cumulative) luniisieaj. S', stock, 30. 000 shares authorized, 17,804 out Dividends: None being paid at present. PRICE RANGE OF STOCKS Earned Ytvr High Low Per Sh. 19.13 4 1 D 1932 ii 1 $6.42D 1931 7H 4 1.21 1930 2W 5 10.79D 29 S'A .66 1928 33 n% 2.69 1927 46'A 26J4 4.60 1926 43 29'A 6.41 1925 47 24 5.12 —8% 1st Pfd.— Earned —7% 2nd Pfd.— High Low Per. Sh. Earned 35 10 D D 50 10; H $73.69D $73.24D 57'A 24 30.46 22.17 76 27 109.51D 73.62D 93 28 22.02 15.27 100 91J4 42.10 40.64 103^ 96J4 60.90 64.58 98 A 90 71.60 87.19 103A 56.10 72.00 D — Deficit. CONSOLIDATED BALANCE SHEET AS AT JULY 29, 1933 Assets Current and Working Assets: Cash $731,268.75 Notes receivable 253,875.78 Accounts receivable. $1,237,330.33; less reserve for bad and doubtful accounts, $384,958.39.. 852,371.94 I'nliquidated advances to producers, less reserves and advance royalties 525.1 12.80 Inventories: Uncompleted film, $1,533,218.81; film completed but not released, $569,122.11; res'dual value of released film, $2,070,649.72, raw film and supplies, $121,986.92; scenarios and rights unproduced, $473,497.65 ; advertising matter, $170,779.05 4,939,254.26 Total Current and Working Assets $7,301,883.53 Fixed Assets: Studio land, as appraised Sept. 1, 1929 by Eherle Economic Service, Inc.. $1,515,000; other land and buildings, at cost. $2,373,910.94; machinery, equipment, furniture and fixtures at cost, $3,926,368.35; theater leaseholds and equipment, at cost, $813,984.56; less reserve for depreciation and amortization, $4,314,185.24 4.315,078.61 Cash in closed banks— domestic ($77,342.57 pledged to secure loan, per contra) 117,946.75 Notes and contractual accounts receivable: From companies in bankruptcy or as to which bankruptcy proceedings are pending, $349,152.30; from other companies, part due and unpaid, $126,635.55 475.787.85 Investments: In affiliated companies, $145,906.37; in other companies, $8.944.08 154,850.45 Merchandise, etc., in transit to foreign offices 32,175.99 Deposits on leases, etc 282,44'0.20 Deferred salaries of directors and talent 294,543.24 Deferred charges — prepaid rent, taxes, insurance, etc 164.284,85 Trade-marks, trade names and goodwill 137,501.00 $13,276,492.47 Liabilities Current Liabilities: Notes payable, banks, secured by pledge of balance in closed bank amounting to $77,342.57, per contra. $38,000; unsecured, $361,400; others, $335,287.55 $734,687.55 Accounts payable and sundry accruals 1,462,382.28 $2,197,069.83 Mortgages on Studio Real Estate 1,100,000.00 Mortgage on Foreign Real Estate 49,342.86 Advance Payments to be Liquidated by Film Service 334.516.45 Reserve for Contingencies 250,362.70 Capital Stock: First preferred 8% cumulative stock: authorized and issued, 30,000 shares of $100 each. $3,000,000; less 12,000 shares retired and 136 shares in treasury, total 17,864 shares, $1,786,400, (dividends unpaid from October 1, 1932); second preferred 7% cumulative stock, authorized, 40,000 shares of $100 each; issued, 20.000 shares, $2,000,000, (dividends unpaid from January 1, 1927); balance represented by 250,000 shares of common stock without par value, $4,173,950.85 7.960.350.85 Surplus arising through revaluation of studio land 1,354. 000. on D'scount on first preferred stock acquired and held in treasury 8.268.80 Earned surplus 22,580.98 $13,276,492.47 903