Year book of motion pictures (1940)
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PRICE RANGE OF STOCKS
(8% Pfd. listed
on New York Stock Exchange.
Com
T\ont listed on
New York Curb.)
Year
Common
Earned
Q Of
o 70
1st ptci.
Earned
7% 2nd Ffd
High
Low
Per Sh.
Low
rer. on.
tar nee
1939
9'A
6
....
7ft /o
i ota
10
3
$3.94D*
27J4
t oont
$44,021)
1937
19
i'A
1 08
29
^OJ.OJ I)
1 936
164*
A%
$V.66d
1 1 c
111 ii r i » *
III. 0 11)
....
IQ4G
8
2
3.79D*
73
29
41.19D*
$42.15
1 Q1A
sy>
3
.18D
13.37
4.79
ion
4
1
5.48D
10
60.90D
61.55D
1932
1
6.42D
10^4
73.69D
73. 24D
1 Q 1 1
7'A
4
i 91
OA
30.46
22.17
1930
23H
S
10.79D
76
27
109.51D
73.62D
1929
29
S'A
.66
92
28
22.02
15.27
1928
33
13/8
2.69
100
91 Va
42.10
40.64
1927
46'A
26'A
4.60
103H
96H
60.90
64.58
1926
43
29 y2
6.41
98/2
90
71.60
87.19
1925
47
24
5.12
10354
94^
56.10
72.00
D— Deficit
* 39 weeks.
** Fiscal
year. *** 9 months.
WARNER BROS. PICTURES, INC.
Producer, Distributor, Theater Operator, Etc. Incorporated April 4, 1923, in Delaware General Office, 312 West 44th St., New York
Owns, controls or is affiliated with about 70 subsidiaries, including First National Pictures, Inc., The Vitaphone Corp., Stanley Co. of America, Vitagraph, Inc., Continental Lithograph Corp., Warner Bros. Broadcasting Corp., M. Witmark & Sons, Remick Music Corp., Harms, Brunswick Radio Corp., and others.
Capitalization: Common stock, $5 par, 7,500,000 shares authorized, 3,801,344 outstanding. Preferred, no par, cumulative and convertible, redeemable at $55 a share, 103,107 authorized and outstanding.
Dividends: None being paid at present. STOCK PRICE RANGE Common Earned Preferred Earned Year High Low Per Sh. High Low Per Sh. 1939 6% I'A 58 36 ....
19.18
8
$.41t
45
20
$18.72t
1937
18
1.48**
69/,
33
56.991
1936
184*
9'A
.75t
69
44
30.83t
1935
10^
2'A
.07D
52
U'A
6.54
1934
S'A
2M
.77D
i\V%
15
24.541)
1933
9'A
1
1.76D
24'A
4'A
61.021)
1932
A 'A
•A
3.81D
20
4
136.701)
1931
20M
2'A
2.19D
*0'A
8*4
76.801)
1930
80J4
1.77
70}4
31
68.61
1929
64'A
30
6.33
59'A
25'A
59.96
1929*
134
97
12.66
S7'A
1928*
138
13J<
4.98
1927*
3334
9Y*.
.77D
* Old stock, before 2-for-l splitup. D -Deficit ** 6 months. t Fiscal year.
CONSOLIDATED BALANCE SHEET, AUGUST 26, 1939
Assets
Current and Working Assets: Cash, $5,539,975.70; Accounts and notes receivable: Trade customers, less reserves of $317,836.80, $1,665,672.11; Officers, directors and employes, $88,363.99; Sundry, $245,739.09, total, $1,999,775.19; Inventories: Released productions. $7,712,131.16; Productions completed but not released, at cost $5,982,280.85; Productions in progress and charges to future productions, at cost, $2,660,651.50; Rights and scenarios unproduced, at cost less reserves of $810,879.82, $1,160,867.47; Raw materials, accessories, supplies, etc., at cost or less, $380,267.21 total, $17,896,198.19 $25,435,949.08
Current assets of subsidiaries operating in certain foreign territories having exchange restrictions 240,118.0
Investments in subsidiary and affiliated companies: Investments, at cost less reserves of
$604,516.13, $747,616.32; Advances, less reserves of $50,519.57, $115,738.07 863,354.39
Fixed Assets: Land, at cost, $57,215,150.62; Buildings and equipment on owned properties including construction in progress of $251,945.55) at cost less special reserves, $90,998,555.93; Less— Reserves for depreciation, $32,268,974.37, total, $58,729,581.56; Leaseholds, buildings and equipment on leased properties, at cost, $25,970,436.91; Less — Reserves for depreciation and amortization $11,017,814.32, total, $14,952,622.59. 130.897,354.77
Other Assets: Mortgages, long term notes and special accounts receivable, less reserve of $12,361.69, $604,138.98; Accounts receivable from officers under February 193o agreement, $110,000; Deposits to secure contracts, $1,057,588.78; Sinking fund deposits, $109,932.47; Miscellaneous investments (including 100,254.55 shares of the company's common stock carried at $1), $103,573.64 1,985,233.87
Deferred Charges: Prepaid taxes, insurance, rent and other expenses 864,188.17
Goodwill 8,331,792.24
$168,617,990.54
Liabilities
Current Liabilities (except as included under Funded and Other Long Term Debt): Notes and loans payable: Secured— Banks, $500,000; Others, $60,500, total, $560,500; Unsecured —Foreign bank, $2,622,000; Others, $106,961.34, total, $2,728,961.34; Accounts payable,
1004