Year book of motion pictures (1940)

20th CENTURY-FOX FILM CORPORATION Producer, Distributor, Exhibitor Incorporated Feb. 1, 1915, in New York ■ General Office, 444 West 56th St., New York ===== Company originally incorporated Feb. 1, 1915, in New York, with perpetual charter. On Aug. IS. 1935, name changed to present title by vote of stockholders following merger of Fox Film Corp. with 20th Century Pictures under the following capital setup: Cumulative convertible $1.50 preferred stock. 1,500,000 shares authorized, 938,745 issued and outstanding; no par common stock, 3,100,000 shares authorized (of which 1,183,649 are reserved for possible conversion of preferred), 1,741,984 shares outstanding. Dividends, Preferred, $1.50 annually; Common, paid $2 in 1938; $1 in 1939. PRICE RANGE OF STOCKS Earned Year High Low Per Sh. COMMON 1939 26% UVt 1938 2SH 16'A $3-35 1937 40^ 18'A 2.21 1936 38^ 22y2 3.67 1935 24J6 13 1.14 PREFERRED 1939 34 '4 19J4 1938 38 25 "/a $7.73 1937 50 25 5 12* 1936 .. 47U 31 H 7.68 1935 ... 33'/2 24^ 2.53 NEW FOX FILM STOCK 1934 ... ny2 8K .52 1933 19 12 .581 OLD FOX FILM STOCK 1933 • • 4% X 1932 ... SVi 1 V.39D 1931 ... 3m 2'A 1.69D 1930 ... 57H 16% 4.06 1929 . . .105^ 19Ks 10.28 1928 ...119^8 72 6.47 1927 . .. &sy2 50 6.24 1926 . . 85 6.25 1925 85 68 y2 5.21 1924 4.02 1923 3.62 D — Deficit. * 9 months. t Estimated. CONSOLIDATED BALANCE SHEET, JANUARY 1, 1939 Assets Current Assets: Cash on demand deposit and on hand $ 6,502,168.43 Accounts and notes receivable, less reserves of $111,697.09 2,401,079.17 Inventories: Productions: Released, at cost less amortization, $9,658,738.27; Unreleased, at cost, $7,609,247.82; In progress at cost, $2,888,162.83; Stories and scenarios, at cost, $1, 278,415.73; Accessories, at cost less amortization, $223.773.03 21,658,337.68 Prepaid operating expenses 714,322.92 $31,275,908.20 Investments in and Advances to Affiliated Companies, at Cost or Written-Down Value: United American Investing Corporation (50% owned) and Metropolis and Bradford Trust Co., Ltd.: (Holding companies for investment in Gaumont-British Picture Corporation, Ltd.), $3,737,567.68; National Theaters Corp, representing investment in 42% of the capital stock, $8,859,886.76; Roxy Theater, Inc., at cost (see attached Balance Sheet), $893,636.66; Hoyts Theaters, Ltd. (advances only), $372,000; Movietonews, Inc., and sundry other companies, adjusted by results of operations to date, $608,619.90 14,471,711.00 Fixed Assets: Land, buildings and equipment, at cost, $22,208,675.51; Less reserves for depreciation, $8,741,306.78 13,467,368.73 Other Assets: Assets in countries having currency restrictions, less liabilities of $328, 394.39, $1,106,797.46; Sundry, $381,327.70 1,488,125.16 $60,703,113.09 * Script certificates are outstanding for 42',013/1000ths shares of common stock, convertible into full shares only. No dividends on common stock may be declared which would reduce the net assets to an amount less than $30 per share of preferred stock outstanding. Pursuant to the provisions of the certificate of incorporation, the Corporation is obliged to set apart out of its surplus, on or before April 30, 1939, a preferred stock retirement fund of $291,857.33 to be applied during the twelve-month period following the date said amount is so set apart, to the purchase of its preferred stock at prices not exceeding the redemption price. Liabilities Current Liabilities: Note payable Accounts payable and accrued expenses Reserve for Federal income taxes $ 1,000,000.00 4,139,354.86 1,072,160.41 $ 6,211,515.27 Deferred Credits: Film rentals received in advance, foreign remittances held in abeyance, etc., 1,391,230.00 Reserves: For contingencies, after deducting $4,123.69 for expenses of litigation paid during year, applicable to period prior to reorganization, $831,574.23; For fluctuation in dollar value of assets in foreign countries, $850,000 1.681,574.23 Capital Stock and Surplus: Capital stock — staled at, $15,910,933.75; Consisting of: $1.50 dividend cumulative convertible preferred of no par value, redeemable on call or in liquidation at $35 per share plus accrued dividends: Authorized, 1,500,000 shares; Originally issued, 1,359,042 shares; Deduct shares not reissuable: Surrendered for conversion, 412,397, 1001