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 investments190,798331,012125,169141,590158,725204,759317,449
Cash and cash equivalents189,711317,379109,484141,590158,725204,759317,449
Short-term investments1,08713,63315,685    
Receivables110,05056,30099,51393,309130,54696,34997,981
Inventory, net of allowances, customer advances and progress billings26,92439,58042,98944,56030,78842,12138,753
Inventory26,92439,58042,98944,56030,78842,12138,753
Deferred costs     14,7289,064
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases26,91125,45521,98019,068
Total current assets:327,772426,892267,671306,370345,514379,937482,315
Noncurrent Assets
Operating lease, right-of-use asset12,132  
Property, plant and equipment260,353277,397306,849280,658276,781245,415218,267
Long-term investments and receivables  2,50094,57997,80493,06189,418
Long-term investments  2,5003,5001,0001,0002,200
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases91,07996,80492,06187,218
Intangible assets, net (including goodwill)62,10765,27269,37473,12270,23869,44367,977
Goodwill39,02739,02739,02739,02739,02739,02739,027
Intangible assets, net (excluding goodwill)23,08026,24530,34734,09531,21130,41628,950
Regulated entity, other noncurrent assets1,1401,967     
Estimated insurance recoveries    2,7082,7082,842
Deferred costs 15,65119,12510,5507,3935,6325,852
Deferred income tax assets13,90617,983 
Total noncurrent assets:349,638378,270397,848458,909454,924416,259384,356
Other undisclosed assets205,837192,588223,550108,32166,17461,13864,349
TOTAL ASSETS:883,247997,750889,069873,600866,612857,334931,020
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt17,64219,134     
Deferred income tax liabilities17,64219,134 
Total noncurrent liabilities:17,64219,134     
Other undisclosed liabilities435,233513,849245,974274,243263,002230,780253,863
Total liabilities:452,875532,983245,974274,243263,002230,780253,863
Temporary equity, carrying amount7587595,9086,4391,3534,9803,307
Stockholders' equity
Stockholders' equity attributable to parent, including:356,083385,489547,694512,161527,746562,012623,891
Common stock409,979407,031423,386422,455445,797439,213448,310
Treasury stock, value (11)(4,038)(916)(5,133)(1,939) 
Additional paid in capital174,620180,330171,789179,595175,300177,304163,094
Accumulated other comprehensive income (loss)2,527988(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 parent3,932      
Stockholders' equity attributable to noncontrolling interest73,53178,51989,49380,75774,51159,56249,959
Total stockholders' equity:429,614464,008637,187592,918602,257621,574673,850
TOTAL LIABILITIES AND EQUITY:883,247997,750889,069873,600866,612857,334931,020

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
Revenues254,883137,003395,664374,401380,767377,334373,805
Revenue, net371,169366,559364,552
Operating leases, income statement, lease revenue74,472
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:134,40621,540214,172207,929185,246202,678219,288
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)77,27845,17630,92658,16887,771
Nonoperating income (expense)4,877(600)(737)3,04527590(1,432)
Investment income, nonoperating5,340      
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   1,8441,0271,490968
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 taxes2,2183071,588(1,700)1,0009002,400
Income (loss) from continuing operations before equity method investments, income taxes:10,987(129,124)75,33643,60530,01157,85387,078
Income (loss) from equity method investments (1,858)3(492)(703)(2,321)(2,402)
Other undisclosed income from continuing operations before income taxes   4927032,3212,402
Income (loss) from continuing operations before income taxes:10,987(130,982)75,33943,60530,01157,85387,078
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)58,57134,08713,22139,32064,624
Other undisclosed net loss   (492)(703)  
Net income (loss):(9,577)(157,486)58,57133,59512,51839,32064,624
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)46,86622,8442,34428,78855,844
Preferred stock dividends and other adjustments      (769)
Net income (loss) available to common stockholders, diluted:(22,329)(143,775)46,86622,8442,34428,78855,075

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)58,57133,59512,51839,32064,624
Other comprehensive income (loss)2,5505,990176(3,978)5,722508(3,880)
Comprehensive income (loss):(7,027)(151,496)58,74729,61718,24039,82860,744
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)47,26419,8826,91831,03151,548

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.

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