Imax Corporation (IMAX) Financial Statements (2023 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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 190,798 | 331,012 | 125,169 | 141,590 | 158,725 | 204,759 | 317,449 | ||
| Cash and cash equivalents | 189,711 | 317,379 | 109,484 | 141,590 | 158,725 | 204,759 | 317,449 | ||
| Short-term investments | 1,087 | 13,633 | 15,685 | ||||||
| Receivables | 110,050 | 56,300 | 99,513 | 93,309 | 130,546 | 96,349 | 97,981 | ||
| Inventory, net of allowances, customer advances and progress billings | 26,924 | 39,580 | 42,989 | 44,560 | 30,788 | 42,121 | 38,753 | ||
| Inventory | 26,924 | 39,580 | 42,989 | 44,560 | 30,788 | 42,121 | 38,753 | ||
| Deferred costs | 14,728 | 9,064 | |||||||
| Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | ✕ | ✕ | 26,911 | 25,455 | 21,980 | 19,068 | ||
| Total current assets: | 327,772 | 426,892 | 267,671 | 306,370 | 345,514 | 379,937 | 482,315 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 12,132 | ✕ | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 260,353 | 277,397 | 306,849 | 280,658 | 276,781 | 245,415 | 218,267 | ||
| Long-term investments and receivables | 2,500 | 94,579 | 97,804 | 93,061 | 89,418 | ||||
| Long-term investments | 2,500 | 3,500 | 1,000 | 1,000 | 2,200 | ||||
| Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | ✕ | ✕ | 91,079 | 96,804 | 92,061 | 87,218 | ||
| Intangible assets, net (including goodwill) | 62,107 | 65,272 | 69,374 | 73,122 | 70,238 | 69,443 | 67,977 | ||
| Goodwill | 39,027 | 39,027 | 39,027 | 39,027 | 39,027 | 39,027 | 39,027 | ||
| Intangible assets, net (excluding goodwill) | 23,080 | 26,245 | 30,347 | 34,095 | 31,211 | 30,416 | 28,950 | ||
| Regulated entity, other noncurrent assets | 1,140 | 1,967 | |||||||
| Estimated insurance recoveries | 2,708 | 2,708 | 2,842 | ||||||
| Deferred costs | 15,651 | 19,125 | 10,550 | 7,393 | 5,632 | 5,852 | |||
| Deferred income tax assets | 13,906 | 17,983 | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent assets: | 349,638 | 378,270 | 397,848 | 458,909 | 454,924 | 416,259 | 384,356 | ||
| Other undisclosed assets | 205,837 | 192,588 | 223,550 | 108,321 | 66,174 | 61,138 | 64,349 | ||
| TOTAL ASSETS: | 883,247 | 997,750 | 889,069 | 873,600 | 866,612 | 857,334 | 931,020 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 17,642 | 19,134 | |||||||
| Deferred income tax liabilities | 17,642 | 19,134 | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent liabilities: | 17,642 | 19,134 | |||||||
| Other undisclosed liabilities | 435,233 | 513,849 | 245,974 | 274,243 | 263,002 | 230,780 | 253,863 | ||
| Total liabilities: | 452,875 | 532,983 | 245,974 | 274,243 | 263,002 | 230,780 | 253,863 | ||
| Temporary equity, carrying amount | 758 | 759 | 5,908 | 6,439 | 1,353 | 4,980 | 3,307 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 356,083 | 385,489 | 547,694 | 512,161 | 527,746 | 562,012 | 623,891 | ||
| Common stock | 409,979 | 407,031 | 423,386 | 422,455 | 445,797 | 439,213 | 448,310 | ||
| Treasury stock, value | (11) | (4,038) | (916) | (5,133) | (1,939) | ||||
| Additional paid in capital | 174,620 | 180,330 | 171,789 | 179,595 | 175,300 | 177,304 | 163,094 | ||
| Accumulated other comprehensive income (loss) | 2,527 | 988 | (3,190) | (3,588) | (626) | (5,200) | (7,443) | ||
| Retained earnings (accumulated deficit) | (234,975) | (202,849) | (40,253) | (85,385) | (87,592) | (47,366) | 19,930 | ||
| Other undisclosed stockholders' equity attributable to parent | 3,932 | ||||||||
| Stockholders' equity attributable to noncontrolling interest | 73,531 | 78,519 | 89,493 | 80,757 | 74,511 | 59,562 | 49,959 | ||
| Total stockholders' equity: | 429,614 | 464,008 | 637,187 | 592,918 | 602,257 | 621,574 | 673,850 | ||
| TOTAL LIABILITIES AND EQUITY: | 883,247 | 997,750 | 889,069 | 873,600 | 866,612 | 857,334 | 931,020 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 254,883 | 137,003 | 395,664 | 374,401 | 380,767 | 377,334 | 373,805 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 371,169 | 366,559 | 364,552 | |
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | 74,472 | ✕ | ✕ | ✕ | |
| Cost of revenue | (120,477) | (115,463) | (181,492) | (166,472) | (195,521) | (174,656) | (154,517) | |
| Cost of goods and services sold | (120,477) | (115,463) | (181,492) | (250) | (168,801) | (153,460) | (134,490) | |
| Gross profit: | 134,406 | 21,540 | 214,172 | 207,929 | 185,246 | 202,678 | 219,288 | |
| Operating expenses | (1,223) | (28,331) | (8,483) | (38,037) | (38,996) | (17,761) | (13,812) | |
| Other operating expense, net (Other Nonrecurring (Income) Expense) | (2,994) | |||||||
| Other undisclosed operating loss | (122,199) | (115,030) | (128,411) | (121,722) | (115,324) | (126,749) | (117,705) | |
| Operating income (loss): | 10,984 | (121,821) | 77,278 | 45,176 | 30,926 | 58,168 | 87,771 | |
| Nonoperating income (expense) | 4,877 | (600) | (737) | 3,045 | 27 | 590 | (1,432) | |
| Investment income, nonoperating | 5,340 | |||||||
| Foreign currency transaction gain (loss), before tax | 1,700 | (1,000) | (900) | (2,400) | ||||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (463) | (600) | (737) | (499) | ✕ | ✕ | ✕ | |
| Other nonoperating income | 1,844 | 1,027 | 1,490 | 968 | ||||
| Interest and debt expense | (7,092) | (7,010) | (2,793) | (2,916) | (1,942) | (1,805) | (1,661) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 2,218 | 307 | 1,588 | (1,700) | 1,000 | 900 | 2,400 | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 10,987 | (129,124) | 75,336 | 43,605 | 30,011 | 57,853 | 87,078 | |
| Income (loss) from equity method investments | (1,858) | 3 | (492) | (703) | (2,321) | (2,402) | ||
| Other undisclosed income from continuing operations before income taxes | 492 | 703 | 2,321 | 2,402 | ||||
| Income (loss) from continuing operations before income taxes: | 10,987 | (130,982) | 75,339 | 43,605 | 30,011 | 57,853 | 87,078 | |
| Income tax expense | (20,564) | (26,504) | (16,768) | (9,518) | (16,790) | (16,212) | (20,052) | |
| Other undisclosed loss from continuing operations | (2,321) | (2,402) | ||||||
| Income (loss) before gain (loss) on sale of properties: | (9,577) | (157,486) | 58,571 | 34,087 | 13,221 | 39,320 | 64,624 | |
| Other undisclosed net loss | (492) | (703) | ||||||
| Net income (loss): | (9,577) | (157,486) | 58,571 | 33,595 | 12,518 | 39,320 | 64,624 | |
| Net income (loss) attributable to noncontrolling interest | (12,752) | 13,711 | (11,705) | (10,751) | (10,174) | (10,532) | (8,780) | |
| Net income (loss) attributable to parent: | (22,329) | (143,775) | 46,866 | 22,844 | 2,344 | 28,788 | 55,844 | |
| Preferred stock dividends and other adjustments | (769) | |||||||
| Net income (loss) available to common stockholders, diluted: | (22,329) | (143,775) | 46,866 | 22,844 | 2,344 | 28,788 | 55,075 | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (9,577) | (157,486) | 58,571 | 33,595 | 12,518 | 39,320 | 64,624 | |
| Other comprehensive income (loss) | 2,550 | 5,990 | 176 | (3,978) | 5,722 | 508 | (3,880) | |
| Comprehensive income (loss): | (7,027) | (151,496) | 58,747 | 29,617 | 18,240 | 39,828 | 60,744 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (13,763) | 11,899 | (11,483) | (9,735) | (11,322) | (8,797) | (9,196) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (20,790) | (139,597) | 47,264 | 19,882 | 6,918 | 31,031 | 51,548 | |
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.