10-Q Filing

UNITED ARTISTS THEATRE CIRCUIT INC /MD/ CIK: 889570 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-036708`
Period End Date	20120331
Filing Date	20120514
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	uatc-20120329.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 33 Cash Flow Statement 42

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`	$50.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.40M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$300.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1,000.00	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.20M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1,000.00	shares	Point-in-time
Prepaid expenses, concession inventory and other current assets	`PrepaidExpensesConcessionInventoryAndOtherAssetsCurrent`	$1.20M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Prepaid expenses, concession inventory and other current assets	`PrepaidExpensesConcessionInventoryAndOtherAssetsCurrent`	$5.10M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$3.70M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$3.50M	USD	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
Total current assets	`AssetsCurrent`	$60.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$59.80M	USD	Point-in-time
Land	`Land`	$2.70M	USD	Point-in-time
Land	`Land`	$2.60M	USD	Point-in-time
Buildings, leasehold improvements and equipment	`BuildingsLeaseholdImprovementsAndEquipment`	$122.90M	USD	Point-in-time
Buildings, leasehold improvements and equipment	`BuildingsLeaseholdImprovementsAndEquipment`	$127.80M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$125.60M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$130.40M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$88.30M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$91.90M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.50M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$37.30M	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`	$4.20M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.60M	USD	Point-in-time
Total assets	`Assets`	$110.70M	USD	Point-in-time
Total assets	`Assets`	$108.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.60M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$3.30M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$4.00M	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`	$11.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.80M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.30M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.40M	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$24.40M	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$24.40M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$1.00M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$1.00M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$22.60M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$22.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$63.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$61.00M	USD	Point-in-time
Preferred stock, $1.00 par value; 500,000 shares authorized, no shares issued and outstanding at March 29, 2012 and December 29, 2011	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1.00 par value; 500,000 shares authorized, no shares issued and outstanding at March 29, 2012 and December 29, 2011	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $1.00 par value; 1,000 shares authorized, 100 shares issued and outstanding at March 29, 2012 and December 29, 2011	`CommonStockValue`	-	USD	Point-in-time
Common stock, $1.00 par value; 1,000 shares authorized, 100 shares issued and outstanding at March 29, 2012 and December 29, 2011	`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`	$41.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$43.40M	USD	Point-in-time
Related party receivables	`DueFromRelatedParties`	$87.10M	USD	Point-in-time
Related party receivables	`DueFromRelatedParties`	$88.90M	USD	Point-in-time
Total stockholder's equity of United Artists Theatre Circuit, Inc.	`StockholdersEquity`	$47.10M	USD	Point-in-time
Total stockholder's equity of United Artists Theatre Circuit, Inc.	`StockholdersEquity`	$47.70M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$100.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$200.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$47.80M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$47.30M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$108.80M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$110.70M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Admissions	`AdmissionsRevenue`	$29.10M	USD	1 Quarter
Admissions	`AdmissionsRevenue`	$34.90M	USD	1 Quarter
Concessions	`ConcessionsRevenue`	$13.10M	USD	1 Quarter
Concessions	`ConcessionsRevenue`	$10.90M	USD	1 Quarter
Other operating revenues	`OtherOperatingIncome`	$1.90M	USD	1 Quarter
Other operating revenues	`OtherOperatingIncome`	$1.40M	USD	1 Quarter
Total revenues	`Revenues`	$41.40M	USD	1 Quarter
Total revenues	`Revenues`	$49.90M	USD	1 Quarter
Film rental and advertising costs	`FilmRentalAndAdvertisingCosts`	$17.00M	USD	1 Quarter
Film rental and advertising costs	`FilmRentalAndAdvertisingCosts`	$14.00M	USD	1 Quarter
Cost of concessions	`ConcessionsCosts`	$1.70M	USD	1 Quarter
Cost of concessions	`ConcessionsCosts`	$1.50M	USD	1 Quarter
Other theatre operating expenses	`OtherCostAndExpenseOperating`	$19.70M	USD	1 Quarter
Other theatre operating expenses	`OtherCostAndExpenseOperating`	$19.60M	USD	1 Quarter
Sale and leaseback rentals	`SaleLeasebackTransactionRentExpense`	$3.70M	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`	$1.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.80M	USD	1 Quarter
Net loss on disposal and impairment of operating assets	`GainLossOnDisposalAndImpairmentOfOperatingAssets`	$-200.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$42.90M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$46.00M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-1.50M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$3.90M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	-	USD	1 Quarter
Total other expense (income), net	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.50M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.90M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$1.50M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-600.00K	USD	1 Quarter
Net income (loss) and net income (loss) attributable to controlling interest	`ProfitLoss`	$2.40M	USD	1 Quarter
Net income (loss) and net income (loss) attributable to controlling interest	`ProfitLoss`	$-900.00K	USD	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$2.40M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-900.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.80M	USD	1 Quarter
Net loss on disposal and impairment of operating assets	`GainLossOnDisposalAndImpairmentOfOperatingAssets`	$-200.00K	USD	1 Quarter
Deferred income tax benefit (expense)	`DeferredIncomeTaxExpenseBenefit`	$300.00K	USD	1 Quarter
Deferred income tax benefit (expense)	`DeferredIncomeTaxExpenseBenefit`	$-100.00K	USD	1 Quarter
Effect of leases with escalating minimum annual rentals	`NoncashRentExpense`	$-300.00K	USD	1 Quarter
Effect of leases with escalating minimum annual rentals	`NoncashRentExpense`	$-200.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-800.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-900.00K	USD	1 Quarter
Prepaid expenses and concession inventory	`IncreaseDecreaseInPrepaidExpensesConcessionInventoryAndOtherAssetsCurrent`	$3.90M	USD	1 Quarter
Prepaid expenses and concession inventory	`IncreaseDecreaseInPrepaidExpensesConcessionInventoryAndOtherAssetsCurrent`	$3.60M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.50M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-100.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-100.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-700.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.30M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-900.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.70M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.50M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.10M	USD	1 Quarter
Distributions to partnership	`PaymentsForProceedsFromLimitedPartnership`	$100.00K	USD	1 Quarter
Distributions to partnership	`PaymentsForProceedsFromLimitedPartnership`	$100.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.20M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.60M	USD	1 Quarter
Debt payments	`RepaymentsOfLongTermCapitalLeaseObligations`	$100.00K	USD	1 Quarter
Increase in related party receivables	`IncreaseDecreaseInDueFromRelatedParties`	$1.80M	USD	1 Quarter
Increase in related party receivables	`IncreaseDecreaseInDueFromRelatedParties`	$4.10M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.80M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.20M	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-10.50M	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-3.90M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.90M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.90M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.80M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$52.40M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$50.90M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$41.90M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$54.80M	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.