Imax Corporation (IMAX) Financial Statements (2024 and earlier)

Company Profile

Business Address 2525 SPEAKMAN DRIVE
MISSISSAUGA, ON L5K 1B1
State of Incorp. ON
Fiscal Year End December 31
Industry (SIC) 3861 - Photographic Equipment and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments76,20098,436190,798331,012125,169141,590
Cash and cash equivalents76,20097,401189,711317,379109,484141,590
Short-term investments  1,0351,08713,63315,685 
Receivables136,259136,142110,05056,30099,51393,309
Inventory, net of allowances, customer advances and progress billings31,58431,53426,92439,58042,98944,560
Inventory31,58431,53426,92439,58042,98944,560
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases26,911
Total current assets:244,043266,112327,772426,892267,671306,370
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,4201,876   
Operating lease, right-of-use asset10,59912,34112,132  
Property, plant and equipment243,299252,896260,353277,397306,849280,658
Long-term investments and receivables     2,50094,579
Long-term investments     2,5003,500
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases91,079
Intangible assets, net (including goodwill)87,83785,55362,10765,27269,37473,122
Goodwill52,81552,81539,02739,02739,02739,027
Intangible assets, net (excluding goodwill)35,02232,73823,08026,24530,34734,095
Regulated entity, other noncurrent assets   1,1401,967  
Deferred costs    15,65119,12510,550
Deferred income tax assets7,9889,90013,90617,983 
Total noncurrent assets:351,143362,566349,638378,270397,848458,909
Other undisclosed assets219,483192,476205,837192,588223,550108,321
TOTAL ASSETS:814,669821,154883,247997,750889,069873,600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt12,52114,90017,64219,134  
Deferred income tax liabilities12,52114,90017,64219,134 
Total noncurrent liabilities:12,52114,90017,64219,134  
Other undisclosed liabilities456,559476,486435,233513,849245,974274,243
Total liabilities:469,080491,386452,875532,983245,974274,243
Temporary equity, carrying amount6587227587595,9086,439
Equity
Equity, attributable to parent, including:273,141263,355356,083385,489547,694512,161
Common stock389,048376,715409,979407,031423,386422,455
Treasury stock, value    (11)(4,038)(916)
Additional paid in capital185,087185,678174,620180,330171,789179,595
Accumulated other comprehensive income (loss)(12,081)(9,846)2,527988(3,190)(3,588)
Accumulated deficit(292,845)(293,124)(234,975)(202,849)(40,253)(85,385)
Other undisclosed equity, attributable to parent3,9323,9323,932   
Equity, attributable to noncontrolling interest71,79065,69173,53178,51989,49380,757
Total equity:344,931329,046429,614464,008637,187592,918
TOTAL LIABILITIES AND EQUITY:814,669821,154883,247997,750889,069873,600

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues374,839300,805254,883137,003395,664374,401
Operating leases, income statement, lease revenue74,472
Cost of revenue(160,498)(144,450)(120,477)(115,463)(181,492)(166,472)
Cost of goods and services sold(160,498)(144,450)(120,477)(115,463)(181,492)(250)
Gross profit:214,341156,355134,40621,540214,172207,929
Operating expenses(159,221)(151,890)(1,223)(28,331)(8,483)(38,037)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
      (2,994)
Other undisclosed operating loss(4,722)(9,299)(122,199)(115,030)(128,411)(121,722)
Operating income (loss):50,398(4,834)10,984(121,821)77,27845,176
Nonoperating income (expense)54(486)4,877(600)(737)3,045
Investment income, nonoperating465705,340   
Gain, foreign currency transaction, before tax      1,700
Net periodic defined benefits expense (reversal of expense), excluding service cost component(411)(556)(463)(600)(737)(499)
Other nonoperating income      1,844
Interest and debt expense(6,821)(5,877)(7,092)(7,010)(2,793)(2,916)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  1,4282,2183071,588(1,700)
Income (loss) from continuing operations before equity method investments, income taxes:43,631(9,769)10,987(129,124)75,33643,605
Income (loss) from equity method investments    (1,858)3(492)
Other undisclosed income from continuing operations before income taxes2,486    492
Income (loss) from continuing operations before income taxes:46,117(9,769)10,987(130,982)75,33943,605
Income tax expense(13,051)(10,108)(20,564)(26,504)(16,768)(9,518)
Income (loss) from continuing operations:33,066(19,877)(9,577)(157,486)58,57134,087
Income (loss) before gain (loss) on sale of properties:(9,577)(157,486)58,57134,087
Other undisclosed net loss      (492)
Net income (loss):33,066(19,877)(9,577)(157,486)58,57133,595
Net income (loss) attributable to noncontrolling interest(7,731)(2,923)(12,752)13,711(11,705)(10,751)
Net income (loss) available to common stockholders, diluted:25,335(22,800)(22,329)(143,775)46,86622,844

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):33,066(19,877)(9,577)(157,486)58,57133,595
Other comprehensive income (loss)(3,337)(18,300)2,5505,990176(3,978)
Comprehensive income (loss):29,729(38,177)(7,027)(151,496)58,74729,617
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6,629)3,004(13,763)11,899(11,483)(9,735)
Comprehensive income (loss), net of tax, attributable to parent:23,100(35,173)(20,790)(139,597)47,26419,882

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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