Year book of motion pictures (1940)

Record Details:

Something wrong or inaccurate about this page? Let us Know!

Thanks for helping us continually improve the quality of the Lantern search engine for all of our users! We have millions of scanned pages, so user reports are incredibly helpful for us to identify places where we can improve and update the metadata.

Please describe the issue below, and click "Submit" to send your comments to our team! If you'd prefer, you can also send us an email to mhdl@commarts.wisc.edu with your comments.




We use Optical Character Recognition (OCR) during our scanning and processing workflow to make the content of each page searchable. You can view the automatically generated text below as well as copy and paste individual pieces of text to quote in your own work.

Text recognition is never 100% accurate. Many parts of the scanned page may not be reflected in the OCR text output, including: images, page layout, certain fonts or handwriting.

CONSOLIDATED BALANCE SHEET, JANUARY 1, 1939 Assets Current Assets: Cash in banks and on hand, $71,723.58; Accounts and notes receivable, $29.361.79; Marketable securities at cost, $146,674.31, Less reserve for difference between cost and quoted market value, $42,548.06, total, $104,126.25; Inventories of materials, finished goods and supplies — At or below cost, $12,328.84 $ 217,540.46 Investments, Etc. ; Investment in Trans-Lux Movie Ticker Corporation partly owned affiliate, $276,388.82; Investment in and advances to partly owned theater affiliates — less reserve, $586,530.35 862,919.17 Other notes and accounts receivable. $14,246.95, Less reserve for doubtful, $6,740.15 7,506.80 Fixed Assets: Land, building, machinery and equipment (as valued by the directors in 1923, with subsequent additions at cost), $133,948.24, Less reserve for depreciation, $75,163.64, total, $58,784.60; Ticker machines on rental or held in reserve — At cost, $259,154.98, Less reserve for depreciation, $209,483.14, total, $49,671.84; Other equipment at depreciated value, $20,902.45 129,358.89 Capital Assets of Theater Companies: Theater equipment, $61,471.20, Less reserve for depreciation, $34,651.93, total, $26,819.27; Improvement to leased premises, $187,649.66, Less reserve for amortization, $60,457.15, total, $127,192.51 154.011.78 Deferred Charges: Prepared commissions, insurance, taxes, etc., $17,783.52; Advances in connection with proposed theater, $19,823.49; Advances for development of prospective foreign business, $25,346.66; Costs in connection with development of patents, $8,866.52 71,820.19 Patents 1-00 $1,443,158.29 Liabilities Current Liabilities: Accounts payable, $17,526.79; Purchase agreement $21,776.46; Accrued taxes and expenses, $23,276.62; Reserve for State, Federal and Canadian taxes. $26,976.25.. Other Liabilities: Tenants' deposits on subleases, $25,000; Rents received in advance, $1,800.. Capital Stock: Authorized — 1,000,000 shares of common stock of $1 par value. Issued, $785,160 shares, $785,160, Less in treasury, 64,857 shares, $64,857 Earned Surplus — Per Exhibit B $1,443,158.29 $ 89,556.12 26.800.00 720,303.00 606,499.17 CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND EARNED SURPLUS For the Year Ended December 31, 1938 Income From Ticker Operations: Dividends from affiliated ticker company, $244,952.70; Machine rentals, $166,204.26, Less cost of rentals, exclusive of depreciation, $56,144.47, total, $110,059.79; Profit from sale of parts, etc., $1,599.42 $ 356,611.91 Less: Selling, administrative and general expenses, $178,663; Provision for depreciation, $21. 185.74 199,848.74 Net Income From Ticker Operations $ 156.763.17 Income From Theater Operations: Income from theaters operated by wholly-owned subsidiaries. $321,913.25, Less operating expenses, exclusive of depreciation and amortization, $215,387.44, total. $106,525.81; Rental income from theater equipment. $2,155.70; Dividend income from affiliated theater company, $10,000, total, $118,681.51; Less administrative and general expenses. $43,976.60, Trans-Lux Movies Corporation's portion of losses sustained by partly-owned subsidiaries not consolidated, $39,897.43, provisions for depreciation and leasehold improvement amortization, $11,202.39, total $95,076.42; Net income from theaters operated, $23,605.09; Less net cost of carrying sub-let properties (including $15,187.82 depreciation and leasehold improvement amortization). $49,473.75; Deduct net loss from theater operations 25,868.66 Net Income From Operations $ 130,894.51 Other Income: Interest, other dividends and miscellaneous 29,101.79 Total * 159,996.30 Other Deductions: Miscellaneous 1,098.31 Total Net Income Before Provision For Income Taxes $ 158.897.79 Provision for State, Federal and Canadian income taxes 25,180.44 Net Profit For the Year $ 133,717.35 Consolidated earned surplus as at December 31, 1937 $ 548,272.97 Add: Difference between par value and cost of 3,500 shares of treasury stock issued. $1,907.50; Adjustment of reserve for fluctuations in value of marketable securities to reflect appreciation during the year 1938, $19,188.81; Adjustment of depreciation reserves provided in prior years, $2,857.47 23,953.78 $ 705,944.10 Deduct Cash dividend paid — 10 cents per outstanding share of capital stock exclusive of shares held in the treasury, $72,030.30; Reserve provided for depreciation of value of investments in partly-owned theater affiliates, $27,414.63 99,444.93 Consolidated Earned Surplus As At Deoember 31, 1938 $ 606,499.17 1000