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CONSOLIDATED PROFIT AND LOSS STATEMENT Fiscal Year Ended August 31, 1939
Operating Revenues: Theater receipts, rentals an'] sales of films and accessories, $122,577,542.84; Kent income, $2,541,801.58; Miscellaneous $1,222,380.40; ($14,175,624.80 od operations of partly owned corporations) $126,341,724.82
Operating and General Expense: Theaters and office buildings, including film rental expense. $32,209,153.18; Distribution and other film expenses, $12,860,741.47; Amortization and write-off of film costs, $46,692,078.89; Film advertising accessories, $879,121.40; Outside producers' share of film rentals, $5,148,216.65; General and administrative. $1,917,131.69 99,706,443.28
$26,635,281.54 Depreciation of buildings and equipment, excluding studio depreciation charged to film costs $(1,038,418.67 on properties of partly owned corporations), $3,815,096.94; Real estate
and other taxes, $5,353,050.77; Rent on leased properties, $3,634,938.82 12,803,086.53
~. • , , $13,832,195.01 Other Income: Dividends received. $139,952.80; Interest and discount earned, $50,792.01; Discount on securities retired from sinking funds, $118,427; Reduction of reserve for contingencies, $400,000; Net recovery under court decree re compensation, $312,987.82;
Miscellaneous, $38,705.94 1,060,865.57
$14,893,060.58
Other Deductions: Interest on debentures, $448,207.75; Interest on bonds and mortgages (of which $585,779.44 is on bonds and mortgages of partly owned corporations), $1,471,471.31; Preferred dividends — subsidiary and affiliated corporations, $88,805.44; Amortization of debt discount and expense, $267,160.80; Writedowns of investments and advances, $278,663.45 2,554,308.75
Net Income Before Taxes $12,338 751.83
Federal income taxes 1,958,851.13
Net Income After Taxes $10,379,900.70
Minority interests' share 538,370.09
Loew's Incorporated Share of Net Income — All Corporations $ 9,841.530.61
CONSOLIDATED EARNED SURPLUS ACCOUNT
Balance— September 1, 1938 $47,787,157.15
Loew's Incorporated share of net income (as above) 9,841,530.61
$57,628,687.76
Less: Undistributed income — partly owned corporations. $303,254.19; Dividends paid by
Loew's Incorporated: Preferred, $888,693; Common, $4,097,565 5,289,512.19
Balance— August 31, 1939 $52,339,175.57
MONOGRAM PICTURES CORP.
Producer and Distributor General Office, 1270 Sixth Ave., New York, N. Y.
Organized in 1937, Monogram produces pictures and releases them through company owned exchanges in New York, Philadelphia and Washington and through individual franchise holders in 27 exchange centers.
Capitalization: Authorized. 1.000,000 shares of $1 par value of which 300,834 shares are re
served for exercise of options to purchase capital stock. Issued, 360,586 shares. Dividends : None paid.
PRICE RANGE OF STOCK
Year 1939 1938
High
Wt 3%
Low
VA
Earned Per Sh.
PARAMOUNT PICTURES, INC.
Holding and Operating Company Producer, Distributor, Exhibitor Incorporated July 19, 1916, in New York General Offices, 1501 Broadway, New York
In reorganization of Paramount Publix Corp. Pictures, Inc., was formed as the new parent
approved by the court in Tune, 1935, Paramount company. Originally company was organized in
992