10-Q Filing

UNITED ARTISTS THEATRE CIRCUIT INC /MD/ CIK: 889570 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001104659-11-063690`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	uatc-20110929.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 69 Cash Flow Statement 49

Balance Sheet 80 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	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.40M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.40M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$400.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1,000.00	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1,000.00	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.30M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Prepaid expenses, concession inventory and other current assets	`PrepaidExpensesConcessionInventoryAndOtherAssetsCurrent`	$1.20M	USD	Point-in-time
Prepaid expenses, concession inventory and other current assets	`PrepaidExpensesConcessionInventoryAndOtherAssetsCurrent`	$5.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$400.00K	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$2.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$53.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$57.00M	USD	Point-in-time
Land	`Land`	$3.30M	USD	Point-in-time
Land	`Land`	$3.30M	USD	Point-in-time
Buildings, leasehold improvements and equipment	`BuildingsLeaseholdImprovementsAndEquipment`	$130.80M	USD	Point-in-time
Buildings, leasehold improvements and equipment	`BuildingsLeaseholdImprovementsAndEquipment`	$131.20M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$134.10M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$134.50M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$93.60M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$88.90M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.90M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$45.20M	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`	$2.90M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.90M	USD	Point-in-time
Total assets	`Assets`	$105.10M	USD	Point-in-time
Total assets	`Assets`	$112.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.40M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$4.00M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$6.70M	USD	Point-in-time
Current portion of debt obligations	`DebtCurrent`	$200.00K	USD	Point-in-time
Current portion of debt obligations	`DebtCurrent`	$200.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.20M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$900.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.20M	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$24.50M	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$24.80M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$1.10M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$1.30M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$19.30M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$21.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$63.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$56.70M	USD	Point-in-time
Preferred stock, $1.00 par value; 500,000 shares authorized, no shares issued and outstanding at September 29, 2011 and December 30, 2010	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1.00 par value; 500,000 shares authorized, no shares issued and outstanding at September 29, 2011 and December 30, 2010	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $1.00 par value; 1,000 shares authorized, 100 shares issued and outstanding at September 29, 2011 and December 30, 2010	`CommonStockValue`	-	USD	Point-in-time
Common stock, $1.00 par value; 1,000 shares authorized, 100 shares issued and outstanding at September 29, 2011 and December 30, 2010	`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`	$35.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$41.20M	USD	Point-in-time
Related party receivables	`DueFromRelatedParties`	$86.20M	USD	Point-in-time
Related party receivables	`DueFromRelatedParties`	$80.70M	USD	Point-in-time
Total stockholder's equity of United Artists Theatre Circuit, Inc.	`StockholdersEquity`	$48.20M	USD	Point-in-time
Total stockholder's equity of United Artists Theatre Circuit, Inc.	`StockholdersEquity`	$48.10M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$200.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$200.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$48.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$48.30M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$112.20M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$105.10M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Admissions	`AdmissionsRevenue`	$39.20M	USD	1 Quarter
Admissions	`AdmissionsRevenue`	$110.20M	USD	3 Qtrs
Admissions	`AdmissionsRevenue`	$41.00M	USD	1 Quarter
Admissions	`AdmissionsRevenue`	$115.40M	USD	3 Qtrs
Concessions	`ConcessionsRevenue`	$14.40M	USD	1 Quarter
Concessions	`ConcessionsRevenue`	$15.30M	USD	1 Quarter
Concessions	`ConcessionsRevenue`	$41.40M	USD	3 Qtrs
Concessions	`ConcessionsRevenue`	$43.10M	USD	3 Qtrs
Other operating revenues	`OtherOperatingIncome`	$1.70M	USD	1 Quarter
Other operating revenues	`OtherOperatingIncome`	$5.20M	USD	3 Qtrs
Other operating revenues	`OtherOperatingIncome`	$1.80M	USD	1 Quarter
Other operating revenues	`OtherOperatingIncome`	$5.10M	USD	3 Qtrs
Total revenues	`Revenues`	$58.10M	USD	1 Quarter
Total revenues	`Revenues`	$163.60M	USD	3 Qtrs
Total revenues	`Revenues`	$156.80M	USD	3 Qtrs
Total revenues	`Revenues`	$55.30M	USD	1 Quarter
Film rental and advertising costs	`FilmRentalAndAdvertisingCosts`	$55.90M	USD	3 Qtrs
Film rental and advertising costs	`FilmRentalAndAdvertisingCosts`	$19.80M	USD	1 Quarter
Film rental and advertising costs	`FilmRentalAndAdvertisingCosts`	$58.90M	USD	3 Qtrs
Film rental and advertising costs	`FilmRentalAndAdvertisingCosts`	$21.20M	USD	1 Quarter
Cost of concessions	`ConcessionsCosts`	$2.00M	USD	1 Quarter
Cost of concessions	`ConcessionsCosts`	$2.10M	USD	1 Quarter
Cost of concessions	`ConcessionsCosts`	$5.50M	USD	3 Qtrs
Cost of concessions	`ConcessionsCosts`	$6.10M	USD	3 Qtrs
Other theatre operating expenses	`OtherCostAndExpenseOperating`	$21.60M	USD	1 Quarter
Other theatre operating expenses	`OtherCostAndExpenseOperating`	$62.80M	USD	3 Qtrs
Other theatre operating expenses	`OtherCostAndExpenseOperating`	$22.30M	USD	1 Quarter
Other theatre operating expenses	`OtherCostAndExpenseOperating`	$67.60M	USD	3 Qtrs
Sale and leaseback rentals	`SaleLeasebackTransactionRentExpense`	$3.80M	USD	1 Quarter
Sale and leaseback rentals	`SaleLeasebackTransactionRentExpense`	$3.70M	USD	1 Quarter
Sale and leaseback rentals	`SaleLeasebackTransactionRentExpense`	$11.20M	USD	3 Qtrs
Sale and leaseback rentals	`SaleLeasebackTransactionRentExpense`	$11.30M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.80M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.60M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.70M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.90M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.20M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.40M	USD	3 Qtrs
Net loss (gain) on disposal and impairment of operating assets	`GainLossOnDisposalAndImpairmentOfOperatingAssets`	$100.00K	USD	1 Quarter
Net loss (gain) on disposal and impairment of operating assets	`GainLossOnDisposalAndImpairmentOfOperatingAssets`	$-2.60M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$51.80M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$52.40M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$147.40M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$158.70M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$4.90M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$3.50M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.40M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$5.70M	USD	1 Quarter
Interest expense (income), net	`InterestIncomeExpenseNonoperatingNet`	-	USD	1 Quarter
Total other expense (income), net	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.90M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.70M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.40M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.70M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.90M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.30M	USD	1 Quarter
Net income	`ProfitLoss`	$2.20M	USD	1 Quarter
Net income	`ProfitLoss`	$3.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$3.40M	USD	1 Quarter
Net income	`ProfitLoss`	$5.70M	USD	3 Qtrs
Noncontrolling interest, net of tax	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	3 Qtrs
Net income attributable to controlling interest	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.60M	USD	3 Qtrs
Net income attributable to controlling interest	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.20M	USD	1 Quarter
Net income attributable to controlling interest	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.00M	USD	3 Qtrs
Net income attributable to controlling interest	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.40M	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$2.20M	USD	1 Quarter
Net income	`ProfitLoss`	$3.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$3.40M	USD	1 Quarter
Net income	`ProfitLoss`	$5.70M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.20M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.40M	USD	3 Qtrs
Net loss on disposal and impairment of operating assets	`GainLossOnDisposalAndImpairmentOfOperatingAssets`	$100.00K	USD	1 Quarter
Net loss on disposal and impairment of operating assets	`GainLossOnDisposalAndImpairmentOfOperatingAssets`	$-2.60M	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-2.20M	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-1.20M	USD	3 Qtrs
Effect of leases with escalating minimum annual rentals	`NoncashRentExpense`	$-900.00K	USD	3 Qtrs
Effect of leases with escalating minimum annual rentals	`NoncashRentExpense`	$-800.00K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-900.00K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-600.00K	USD	3 Qtrs
Prepaid expenses and concession inventory	`IncreaseDecreaseInPrepaidExpensesConcessionInventoryAndOtherAssetsCurrent`	$3.80M	USD	3 Qtrs
Prepaid expenses and concession inventory	`IncreaseDecreaseInPrepaidExpensesConcessionInventoryAndOtherAssetsCurrent`	$3.60M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.20M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.90M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-300.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-300.00K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.20M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.20M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.80M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.60M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.10M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.10M	USD	3 Qtrs
Proceeds from disposition of assets, net	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$100.00K	USD	3 Qtrs
Distributions to partnership	`PaymentsForProceedsFromLimitedPartnership`	$100.00K	USD	3 Qtrs
Distributions to partnership	`PaymentsForProceedsFromLimitedPartnership`	$100.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.20M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.10M	USD	3 Qtrs
Debt payments	`RepaymentsOfLongTermCapitalLeaseObligations`	$200.00K	USD	3 Qtrs
Debt payments	`RepaymentsOfLongTermCapitalLeaseObligations`	$200.00K	USD	3 Qtrs
Increase in related party receivables	`IncreaseDecreaseInDueFromRelatedParties`	$5.60M	USD	3 Qtrs
Increase in related party receivables	`IncreaseDecreaseInDueFromRelatedParties`	$5.30M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.50M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.80M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-5.00M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-12.80M	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$59.80M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.40M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.00M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$52.40M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$59.80M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$47.40M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$47.00M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$52.40M	USD	Point-in-time

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