Year book of motion pictures (1940)

Purchases for stock retirement fund, 7,900, total, 420,297; Issued and outstanding, 938,745 shares; Common, of no par value: Authorized, 3,100,000 shares, of which 1,173,473 shares are reserved for possible conversion of preferred stcck, and 100,000 shares are reserved for issuance against options to officers in respect of which, options for 60,000 shares have been granted at $18.24 per share; Issued and outstanding* 1,741,984 shares; Paid-in surplus, after deduction for preferred stock retirement fund, $21,4.13.235.60; Appropriated paid-in surplus for preferred stock retirement fund: Transferred from a paid-in surplus, March 26. 1938. $358,354.51, Less cost of 7,900 shares acquired. $253,011, total, $105,343.51; Earned surplus since April 1, 1933, per attached statement. $13,969,280.73 .'. 51,418,793.59 $60,703,113.09 Contingent Liabilities: Guarantee of long term notes of theater company, $128,541.62 Kor pending litigation with respect to which the Corporation denies liability — amount not determinable. CONSOLIDATED PROFIT AND LOSS AND EARNED SURPLUS SINCE APRIL 1, 1933 Year (53 Weeks) Ended December 31, 193.^ Operating Profit: Income: Gross income from sales and rentals of film and acce-sorie* $58,201,314.19 Dividends, including $882,000 from National Theaters Corporation 1,042,242.75 Other income 1,157,917.04 $60,401,473.98 Expenses: Operating expenses of exchanges, head office and administration expenses, etc., $15,062,186.15; Amortization of production costs, $30,554,895.67 Participation in film rentals, $6,353,115.72 51,970,197.54 Net Operating Profit Before Interest and Depreciation $ 8,431,276.44 Deduct: Interest expense, $68,815.39; Depreciation of fixed assets, not including depreciation of $825,222.18 on studio buildings and equipment, absorbed in production costs, $304,276.58 373,091.97 Net Operating Profit Before Federal Income Taxes $ 8,058,184.47 Provision for Federal income taxes 805,717.92 Net Operating Profit After Federal Income Taxes $ 7,252,466.55 Earned surplus, December 25, 1937 11,616,032.79 $18,868,499.34 Deduct Cash Dividends Paid On: $1.50 dividend cumulative convertible preferred stock, $1,415,320; Common stock, $2 per share, $3,483,898.61 4,899,218.61 Earned Surplus, December 31, 1938, Carried to Balance Sheet $13,969,280.73 UNITED ARTISTS THEATER CIRCUIT Theater Operator Incorporated May 22, 1926, in Maryland General Office, 1501 Broadway, New York ===== Capitalization: Preferred stock (par $100), 5% 1*36 $142D. °-8.t, cumulative preferred, 40,000 shares authorized, 1935 1„,R ™fi 26.921 shares outstanding; redeemable at the option 1934 ^™ t'tm of the company upon any quarterly dividend pay 1933 c oSn a-n ment date; entitled in redemption, liquidation or 1932 5 .93D .83 V dissolution to $105 a share plus dividends accrued 1931 11-39 .28 or in arrears. Common stock, no par, 600,000 1930 21.74 1.18 shares authorized and outstanding. 1929 27-8i .Z 1928 12 92 .47 EARNINGS 1927 6.54 .04D Year Preferred Common — 1938 $.004* D — Deficit. 1937 .36 * Year ended Aug. 31. CONSOLIDATED BALANCE SHEET, AUGUST 31, 1939 Assets Current Assets: Cash, $375,713.03; Sundry receivables, $19,431.59; Due from affiliated companies. $58,414.90 * ?fo'?7n In Cash surrender value of life insurance policies .... • ISnaSrS Investment Security— At quoted market value, less than cost (deposited to secure lease) lo.US/.SU Theater Investments: Land, leaseholds, buildings and equipment (at cost or appraised values, less reserves for depreciation and amortization, $1,842,937.66), $3,489,110.26; Capital stocks of and advances to affiliated companies less than 100% owned (adjusted, by proportion of undistributed surpluses, $551,989.08, less proportion of deficits, $107,886.44, arising since acquisition)— (including $100,000 for option in connection with capital stocks ot 1002