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INVESTMENT IN NATIONAL CINEMEDIA LLC (Tables) | 12 Months Ended
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Dec. 31, 2021
Aggregate Amount of Transaction Price Allocated To Performance Obligation That Are Unsatisfied And Expected To Be Recognized | The table below summarizes the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied for other deferred revenue in the table above as of December 31, 2021 and when the Company expects to recognize this revenue.
|  | Year Ended December 31, |  |  |  |  |  |  |
Remaining Performance Obligations |  | 2022 |  |  | 2023 |  |  | Thereafter |  |  | Total |
Other deferred revenue |  | $ | 138,945 |  |  |  | 21,313 |  |  |  | — |  |  | $ | 160,258 |
NCM Screen Advertising Advances |
Aggregate Amount of Transaction Price Allocated To Performance Obligation That Are Unsatisfied And Expected To Be Recognized | The recognition of revenue related to the deferred revenue or NCM screen advertising advances will continue to be recorded on a straight-line basis over the new term of the amended ESA through February 2041.
|  | Year Ended December 31, |  |  |  |  |  |  |
Remaining Maturity |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | Thereafter |  |  | Total |
NCM screen advertising advances (1) |  | $ | 9,119 |  |  |  | 9,749 |  |  |  | 10,424 |  |  |  | 11,147 |  |  |  | 11,922 |  |  |  | 293,665 |  |  | $ | 346,026 |
(1) Amounts are net of the estimated interest to be accrued for the periods presented.
NCM |
Summary of Activity With Equity Investee Included in the Company's Consolidated Financial Statements | Summary of Activity with NCM Below is a summary of activity with NCM included in the Company’s consolidated financial statements for the periods indicated. See Note 5 for discussion of related revenue recognition.
|  | Investment in NCM |  |  | NCM Screen Advertising Advances |  |  | Distributions from NCM (3) |  |  | Equity in (Earnings) Loss |  |  | Other Revenue |  |  | Interest Expense - NCM |  |  | Cash Received |
Balance as of January 1, 2019 |  | $ | 275,592 |  |  | $ | (350,242 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Receipt of common units due to annual common unit adjustment |  |  | 1,552 |  |  |  | (1,552 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Revenues earned under ESA (1) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (13,782 | ) |  |  | — |  |  |  | 13,782 |
Interest accrued related to significant financing component |  |  | — |  |  |  | (28,624 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 28,624 |  |  |  | — |
Receipt of excess cash distributions |  |  | (23,452 | ) |  |  | — |  |  |  | (11,631 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 35,083 |
Receipt under tax receivable agreement |  |  | (2,492 | ) |  |  | — |  |  |  | (1,242 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,734 |
Equity in earnings |  |  | 14,592 |  |  |  | — |  |  |  | — |  |  |  | (14,592 | ) |  |  | — |  |  |  | — |  |  |  | — |
Amortization of screen advertising advances |  |  | — |  |  |  | 32,064 |  |  |  | — |  |  |  | — |  |  |  | (32,064 | ) |  |  | — |  |  |  | — |
Balance as of and for the year ended December 31, 2019 |  | $ | 265,792 |  |  | $ | (348,354 | ) |  | $ | (12,873 | ) |  | $ | (14,592 | ) |  | $ | (45,846 | ) |  | $ | 28,624.00 |  |  | $ | 52,599 |
Receipt of common units due to annual common unit adjustment |  |  | 3,620 |  |  |  | (3,620 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Revenues earned under ESA (1) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,689 | ) |  |  | — |  |  |  | 4,689 |
Interest accrued related to significant financing component |  |  | — |  |  |  | (23,595 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 23,595 |  |  |  | — |
Receipt of excess cash distributions |  |  | (12,022 | ) |  |  | — |  |  |  | (5,914 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 17,936 |
Receipt under tax receivable agreement |  |  | (2,146 | ) |  |  | — |  |  |  | (1,061 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,207 |
Equity in loss |  |  | (10,627 | ) |  |  | — |  |  |  | — |  |  |  | 10,627 |  |  |  | — |  |  |  | — |  |  |  | — |
Impairment of investment in NCM (2) |  |  | (92,655 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortization of screen advertising advances |  |  | — |  |  |  | 31,314 |  |  |  | — |  |  |  | — |  |  |  | (31,314 | ) |  |  | — |  |  |  | — |
Balance as of and for the year ended December 31, 2020 |  | $ | 151,962 |  |  | $ | (344,255 | ) |  | $ | (6,975 | ) |  | $ | 10,627 |  |  | $ | (36,003 | ) |  | $ | 23,595 |  |  | $ | 25,832 |
Receipt of common units due to annual common unit adjustment |  |  | 10,237 |  |  |  | (10,237 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Revenues earned under ESA (1) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (12,001 | ) |  |  | — |  |  |  | 12,001 |
Interest accrued related to significant financing component |  |  | — |  |  |  | (23,612 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 23,612 |  |  |  | — |
Receipt under tax receivable agreement |  |  | (156 | ) |  |  | — |  |  |  | (77 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 233 |
Equity in loss |  |  | (26,599 | ) |  |  | — |  |  |  | — |  |  |  | 26,599 |  |  |  | — |  |  |  | — |  |  |  | — |
Amortization of screen advertising advances |  |  | — |  |  |  | 32,078 |  |  |  | — |  |  |  | — |  |  |  | (32,078 | ) |  |  | — |  |  |  | — |
Balance as of and for the year ended December 31, 2021 |  | $ | 135,444 |  |  | $ | (346,026 | ) |  | $ | (77 | ) |  | $ | 26,599 |  |  | $ | (44,079 | ) |  | $ | 23,612 |  |  | $ | 12,234 |
(1) Amounts include the per patron and per digital screen theatre access fees due to the Company, net of amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire. The amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire were approximately $11,478, $2,605 and $4,952 for the years ended December 31, 2019, 2020 and 2021, respectively. Amounts unpaid to the Company and recorded in accounts receivable on the consolidated balance sheets were $636 and $4,498 as of the years ended December 31, 2020 and 2021, respectively. (2) Recorded in impairment of long-lived and other assets on the consolidated income statement for the year ended December 31, 2020. See further discussion at Fair Value of Investment in NCM below. (3) Excess cash distributions from NCM decreased beginning in the second quarter of 2020 primarily as a result of the impact of the COVID-19 discussed at Note 3. Excess cash distributions will be restricted through December 2023 in accordance with the credit agreement amendment NCM recently entered into with its lenders.
Summary of Common Units Received Under Common Unit Adjustment Agreement | Below is a summary of common units received by the Company under the Common Unit Adjustment (“CUA”) Agreement during the years ended December 31, 2019, 2020 and 2021:
Event |  | Date Common Units Received |  | Number of Common Units Received |  |  | Fair Value of Common Units Received |
2019 annual common unit adjustment |  | 3/31/2019 |  |  | 219,056 |  |  | $ | 1,552 |
2020 annual common unit adjustment |  | 3/31/2020 |  |  | 1,112,368 |  |  | $ | 3,620 |
2021 annual common unit adjustment |  | 4/14/2021 |  |  | 2,311,482 |  |  | $ | 10,237 |
Summary Financial Information | Summary Financial Information for NCM The tables below present summary financial information for NCM for its fiscal periods indicated:
|  | Year Ended |  |  | Year Ended |  |  | Year Ended |
|  | December 26, 2019 |  |  | December 31, 2020 |  |  | December 30, 2021 |
Revenues |  | $ | 444,800 |  |  | $ | 89,887 |  |  | $ | 114,639 |
Operating income (loss) |  | $ | 155,700 |  |  | $ | (59,671 | ) |  | $ | (68,576 | )
Net income (loss) |  | $ | 98,800 |  |  | $ | (115,753 | ) |  | $ | (134,562 | )
|  | As of |  |  | As of |
|  | December 31, 2020 |  |  | December 30, 2021 |
Current assets |  | $ | 142,566 |  |  | $ | 114,620 |
Noncurrent assets |  | $ | 685,643 |  |  | $ | 658,438 |
Current liabilities |  | $ | 46,872 |  |  | $ | 66,806 |
Noncurrent liabilities |  | $ | 1,072,207 |  |  | $ | 1,114,712 |
Members' deficit |  | $ | (290,870 | ) |  | $ | (408,460 | )

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