IMAX Corp Files Q2 2024 10-Q Report
Ticker: IMAX · Form: 10-Q · Filed: 2024-07-25T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
IMAX Q2 2024 10-Q filed. Financials look steady, watch for growth in new markets.
AI Summary
IMAX Corp filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter. Key financial figures and business segments are presented, reflecting the company's ongoing activities in the entertainment technology sector.
Why It Matters
This report provides investors and analysts with a detailed look into IMAX's financial health and strategic direction during the second quarter of 2024, impacting investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures with no immediate red flags.
Key Players & Entities
- IMAX CORP (company) — Filer of the 10-Q report
- 20240630 (date) — End of the reporting period
- 20240725 (date) — Date of filing
FAQ
What was IMAX Corp's revenue for the period ending June 30, 2024?
The filing does not explicitly state the total revenue figure in the provided snippet, but it is a key component of the full 10-Q report.
What is the company's fiscal year end?
IMAX Corp's fiscal year ends on December 31.
Where is IMAX Corp headquartered?
IMAX Corp's business and mailing address is 2525 SPEAKMAN DRIVE, MISSISSAUGA, A6, L5K 1B1.
What is the SEC file number for IMAX Corp?
The SEC file number for IMAX Corp is 001-35066.
What is the SIC code for IMAX Corp?
The Standard Industrial Classification (SIC) code for IMAX Corp is 3861, which corresponds to Photographic Equipment & Supplies.
Filing Stats: 4,624 words · 18 min read · ~15 pages · Grade level 18.2 · Accepted 2024-07-25 08:51:57
Filing Documents
- imax-20240630.htm (10-Q) — 2666KB
- exhibit101-employmentagree.htm (EX-10.1) — 33KB
- exhibit102-amendmentagreem.htm (EX-10.2) — 15KB
- exhibit311ceocertification.htm (EX-31.1) — 12KB
- exhibit312cfocertification.htm (EX-31.2) — 12KB
- exhibit321ceocertification.htm (EX-32.1) — 6KB
- exhibit322cfocertification.htm (EX-32.2) — 6KB
- imax-20240630_g1.jpg (GRAPHIC) — 2KB
- 0000921582-24-000010.txt ( ) — 14910KB
- imax-20240630.xsd (EX-101.SCH) — 103KB
- imax-20240630_cal.xml (EX-101.CAL) — 135KB
- imax-20240630_def.xml (EX-101.DEF) — 448KB
- imax-20240630_lab.xml (EX-101.LAB) — 1040KB
- imax-20240630_pre.xml (EX-101.PRE) — 750KB
- imax-20240630_htm.xml (XML) — 3055KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements 3
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 41
Quantitative and Qualitative Disclosures about Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk 66
Controls and Procedures
Item 4. Controls and Procedures 68
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 69
Risk Factors
Item 1A. Risk Factors 69
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 70
Other Information
Item 5. Other Information 71
Exhibits
Item 6. Exhibits 72
Signatures
Signatures 73 2 Table of Contents IMAX CORPORATION
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements Page The following unaudited Condensed Consolidated Financial Statements are filed as part of this Report: Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 4 Condensed Consolidated Statements of Operations for the three and six months ended June 30 , 2024 and 2023 5 Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30 , 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the six months ended June 30 , 2024 and 2023 7 Condensed Consolidated Statements of Shareholders' Equity for the three and six months ended June 30 , 2024 and 2023 8 Notes to Condensed Consolidated Financial Statements 9 3 Table of Contents IMAX CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands of U.S. Dollars, except share amounts) (Unaudited) June 30, December 31, 2024 2023 Assets Cash and cash equivalents $ 91,552 $ 76,200 Accounts receivable, net of allowance for credit losses 121,513 136,259 Financing receivables, net of allowance for credit losses 123,496 127,154 Variable consideration receivables, net of allowance for credit losses 69,927 64,338 Inventories 37,798 31,584 Prepaid expenses 11,786 12,345 Film assets, net of accumulated amortization 8,532 6,786 Property, plant and equipment, net of accumulated depreciation 237,781 243,299 Other assets 21,244 20,879 Deferred income tax assets, net of valuation allowance 16,099 7,988 Goodwill 52,815 52,815 Other intangible assets, net of accumulated amortization 34,856 35,022 Total assets $ 827,399 $ 814,669 Liabilities Accounts payable $ 20,055 $ 26,386 Accrued and other liabilities 106,336 111,013 Deferred revenue 62,655 67,105 Revolving credit facility borrowings, net of unamortized debt issuance costs 53,132 22,924 Convertible notes and other borrowings, net of unamortized discounts and debt issuance costs 229,738 229,131 Deferred income tax liabilities 1