Year book of motion pictures (1940)

chinery and equipment disposed of and credited to paid-in surplus in 1937, due to cancellation of sale and reacquisition of said machinery and equipment, $25,319.01; Increase in excess cost arising from purchase of common stock of National Theater Supply Company during the year 1938, $100 58,731.51 Paid-in Surplus, December 31, 1938 $ 4,751,796.26 Earned Surplus: Balance, January 1, 1938 $ 747,125.98 Addition: Consolidated net profit for the year 1938 507,267.41 Total $ 1,254,393.39 Deductions: Cash dividends paid by parent company, $597,283.25; Cost of patent infringement suit in excess of provision made in prior years, $11,323.50; Additional Federal income taxes — prior years, $1,809.83 610,416.58 Earned Surplus, December 31, 1938 $ 643,976.81 KEITH-ALBEE-ORPHEUM CORP. {Controlled by Radio-Keith-Orpheum) Theater and Vaudeville Operator Incorporated Jan. 28, 1928, in Delaware ^=General Office, 1270 Sixth Avenue, New York Capitalization: Preferred stock (par $100), 7% cumulative and convertible, (100,000 shares authorized, 64,304 outstanding. Common stock, $.01 par, 1,400,000 shares authorized, 1,206,381 outstanding. Practically all of common stock controlled by Radio-Keith-Orpheum. Dividend: $8.75 in 1938; $8.75 in 1939. PRICE RANGE OF PREFERRED STOCK Earned Year High Low Per Sh. 1939 100J4 85 1938 91 63 $15.50 1937 110 80 20.23 1936 1935 1934 1933 1932 1931 1930 1929 1928 1927 1926 1925 110 80 19.24 90H 34 6.27 37^ 20 2.74D 25 8 9.99D 30 7 21.06D ioi 'A 10 2.83D 150 85 7.04 138 70 8.19D 160 7S'A 6.90D 25.00 38.88 37.34 D— Deficit. CONSOLIDATED BALANCE SHEET, JANUARY 1, 1939 Assets Current Assets: Cash, $2,832,777.73; Notes and accounts receivable, less reserve, $72,039.52; Accrued interest, $822.99 $ 2,905,640.24 Capital Assets: Land, $10,454,706.12; Buildings, equipment and improvements as revalued as at January 1, 1932, together with subsequent additions at cost: Buildings and equipment, $15,740,052.25, Less — Reserve for depreciation, $10,028,013.22, total, $5,712,039.03; Leasehold improvements and equipment, $9,812,295.86, Less — Amortization, $5,217,990.98, total, $4,594,304.88; Leaseholds and goodwill, $1.00 20,761,051.03 Investments in Affiliated and Other Companies: Capital stocks pledged as collateral for the B. F. Keith Corporation first and general refunding mortgage bonds, less reserve (see note below), $1,679,186.92; Capital stocks not pledged, less reserve, $399,515.19; Advances to and notes and accounts receivable from affiliated companies, less reserve, $368,128.53 2,446,830.64 Other Assets: Cash and securities deposited with trustee under terms of !>ond indenture, $102,652.22; Deposits under leases and sundry advances, $47,622.61; Mortgage receivable, $41,337.81; Sundry investments and deposits, less reserve, $59,238.23 250,850.87 Deferred Charges: Unamortized bond discount and expense (being amortized over terms of debts), $123,559.48; Prepaid insurance and sundry deferred expenses, $126,353.31 249,912.79 NOTE — In addition to the capital stocks pledged, as noted above, there have also been pledged the capital stocks of certain subsidiary companies whose assets and liabilities are consolidated herein. $26,614,285.57 Liabilities Current Liabilities: (Other than accounts payable to affiliated companies and funded debt payable within one year under sinking and provisions, as below), Notes Payable: Bank (due December 31, 1939 and secured by bonds, as noted below), $125,000, Others, $4,481.15, total, $129,481.15; Accounts payable, $294,652.92; Accrued taxes, $419,837.84; Accrued interest, $127,497.25; Other accrued expenses, $34,143.91; Mortgage instalments due within one year, $136,890.41 $ 1,142,503 48 Accounts payable to affiliated companies 26,623-67 Rent and other deposits 86,555 49 Deferred accounts payable 10,573.-31 Funded Debt: B. F. Keith Corporation: First and general refunding mortgage, twenty-year 6% gold bonds. Series A (less $73,000 in treasury), $5,012,000; First and general refunding mortgage 6% bonds, Series B, $1,000,000, Less — Deposited as collateral for notes payable, $1,000,000, total, nil; Keith Memorial Theater Corporation first mortgage leasehold, fifteen-year sinking fund 6% gold bonds (less $45,000 in treasury), $805,000; Other mortgage bonds and mortgages, including standing demand mortgages of $168,425, $2,895,891.64; Notes payable to bank (maturing after one year and secured by bonds as noted above), $750, 989