10-Q Filing

UNITED ARTISTS THEATRE CIRCUIT INC /MD/ CIK: 889570 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000889570-15-000007`
Period End Date	20150331
Filing Date	20150515
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	rgc-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 40 Cash Flow Statement 46

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.40M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$96.20M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.10M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$900.00K	USD	Point-in-time
Prepaid expenses, concession inventory and other current assets	`PrepaidExpensesConcessionInventoryAndOtherAssetsCurrent`	$2.60M	USD	Point-in-time
Prepaid expenses, concession inventory and other current assets	`PrepaidExpensesConcessionInventoryAndOtherAssetsCurrent`	$1.20M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1,000.00	shares	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.10M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.10M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1,000.00	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$100.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$104.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Common sock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Common sock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Land	`Land`	$2.70M	USD	Point-in-time
Land	`Land`	$2.70M	USD	Point-in-time
Buildings, leasehold improvements and equipment	`BuildingsLeaseholdImprovementsAndEquipment`	$110.00M	USD	Point-in-time
Buildings, leasehold improvements and equipment	`BuildingsLeaseholdImprovementsAndEquipment`	$110.50M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$113.20M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$112.70M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$82.50M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$80.70M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$30.70M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$32.00M	USD	Point-in-time
Goodwill	`Goodwill`	$7.10M	USD	Point-in-time
Goodwill	`Goodwill`	$7.10M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.60M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$10.80M	USD	Point-in-time
Total assets	`Assets`	$151.30M	USD	Point-in-time
Total assets	`Assets`	$152.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.60M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$6.40M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$5.60M	USD	Point-in-time
Current portion of debt obligations	`DebtCurrent`	$300.00K	USD	Point-in-time
Current portion of debt obligations	`DebtCurrent`	$300.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.80M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$9.60M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$6.30M	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$22.70M	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$22.50M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$200.00K	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$100.00K	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$24.50M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$24.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$69.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$70.50M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $1.00 par value; 500,000 shares authorized, no shares issued and outstanding at March 31, 2015 and January 1, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1.00 par value; 500,000 shares authorized, no shares issued and outstanding at March 31, 2015 and January 1, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $1.00 par value; 1,000 shares authorized, 100 shares issued and outstanding at March 31, 2015 and January 1, 2015	`CommonStockValue`	-	USD	Point-in-time
Common stock, $1.00 par value; 1,000 shares authorized, 100 shares issued and outstanding at March 31, 2015 and January 1, 2015	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$93.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$93.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$65.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$66.20M	USD	Point-in-time
Related party receivables	`DueFromRelatedParties`	$78.50M	USD	Point-in-time
Related party receivables	`DueFromRelatedParties`	$76.90M	USD	Point-in-time
Total stockholders equity of United Artists Theatre Circuit, Inc.	`StockholdersEquity`	$80.50M	USD	Point-in-time
Total stockholders equity of United Artists Theatre Circuit, Inc.	`StockholdersEquity`	$82.50M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$300.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$300.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$80.80M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$82.80M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$152.60M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$151.30M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Admissions	`AdmissionsRevenue`	$30.30M	USD	1 Quarter
Admissions	`AdmissionsRevenue`	$26.30M	USD	1 Quarter
Concessions	`ConcessionsRevenue`	$11.00M	USD	1 Quarter
Concessions	`ConcessionsRevenue`	$11.90M	USD	1 Quarter
Other operating revenues	`OtherOperatingIncome`	$2.00M	USD	1 Quarter
Other operating revenues	`OtherOperatingIncome`	$2.00M	USD	1 Quarter
Total revenues	`Revenues`	$44.20M	USD	1 Quarter
Total revenues	`Revenues`	$39.30M	USD	1 Quarter
Film rental and advertising costs	`FilmRentalAndAdvertisingCosts`	$15.30M	USD	1 Quarter
Film rental and advertising costs	`FilmRentalAndAdvertisingCosts`	$13.40M	USD	1 Quarter
Cost of concessions	`ConcessionsCosts`	$1.50M	USD	1 Quarter
Cost of concessions	`ConcessionsCosts`	$1.40M	USD	1 Quarter
Other theatre operating expenses	`OtherCostAndExpenseOperating`	$18.00M	USD	1 Quarter
Other theatre operating expenses	`OtherCostAndExpenseOperating`	$18.00M	USD	1 Quarter
Sale and leaseback rentals	`SaleLeasebackTransactionRentExpense`	$1.40M	USD	1 Quarter
Sale and leaseback rentals	`SaleLeasebackTransactionRentExpense`	$3.80M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.20M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.50M	USD	1 Quarter
Net loss on disposal and impairment of operating assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-1.30M	USD	1 Quarter
Net loss on disposal and impairment of operating assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-100.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$41.60M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$38.50M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$800.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.60M	USD	1 Quarter
Interest expense (income), net	`InterestIncomeExpenseNonoperatingNet`	-	USD	1 Quarter
Interest expense (income), net	`InterestIncomeExpenseNonoperatingNet`	-	USD	1 Quarter
Total other expense (income), net	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expense (income), net	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$800.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$400.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.00M	USD	1 Quarter
Net income	`ProfitLoss`	$400.00K	USD	1 Quarter
Net income	`ProfitLoss`	$1.60M	USD	1 Quarter
Noncontrolling interest, net of tax	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Noncontrolling interest, net of tax	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income attributable to controlling interest	`NetIncomeLossAvailableToCommonStockholdersBasic`	$400.00K	USD	1 Quarter
Net income attributable to controlling interest	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.60M	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$400.00K	USD	1 Quarter
Net income	`ProfitLoss`	$1.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.50M	USD	1 Quarter
Net loss on disposal and impairment of operating assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-1.30M	USD	1 Quarter
Net loss on disposal and impairment of operating assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-100.00K	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-400.00K	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Effect of leases with escalating minimum annual rentals	`IncreaseDecreaseinNoncashRentExpense`	$-300.00K	USD	1 Quarter
Effect of leases with escalating minimum annual rentals	`IncreaseDecreaseinNoncashRentExpense`	$400.00K	USD	1 Quarter
Landlord contributions	`PaymentsReceivedforCapitalExpenditures`	-	USD	1 Quarter
Landlord contributions	`PaymentsReceivedforCapitalExpenditures`	$3.20M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-200.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-1.30M	USD	1 Quarter
Prepaid expenses, concession inventory and other assets	`IncreaseDecreaseInPrepaidExpensesConcessionInventoryAndOtherAssetsCurrent`	$1.20M	USD	1 Quarter
Prepaid expenses, concession inventory and other assets	`IncreaseDecreaseInPrepaidExpensesConcessionInventoryAndOtherAssetsCurrent`	$3.70M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$500.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-200.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-200.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.80M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.60M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-800.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.50M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$600.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$800.00K	USD	1 Quarter
Distributions to partnership	`PaymentsForProceedsFromLimitedPartnership`	-	USD	1 Quarter
Distributions to partnership	`PaymentsForProceedsFromLimitedPartnership`	$100.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-700.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-800.00K	USD	1 Quarter
Debt payments	`RepaymentsOfLongTermCapitalLeaseObligations`	$100.00K	USD	1 Quarter
Debt payments	`RepaymentsOfLongTermCapitalLeaseObligations`	$100.00K	USD	1 Quarter
Decrease in related party receivables and other	`IncreaseDecreaseInDueFromRelatedParties`	$-1.60M	USD	1 Quarter
Decrease in related party receivables and other	`IncreaseDecreaseInDueFromRelatedParties`	$-1.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$900.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.50M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-600.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.20M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.40M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$98.40M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$75.00M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$96.20M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$74.40M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$98.40M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$75.00M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$96.20M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.