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Condensed Consolidated Statements of Cash Flows Supplemental Information

9 Months Ended

Sep. 30, 2021

Supplemental Cash Flow Elements [Abstract]

Condensed Consolidated Statements of Cash Flows Supplemental Information

10. Condensed Consolidated Statements of Cash Flows – Supplemental Information

(a)

Changes in other operating assets and liabilities

	Nine Months Ended
	September 30,
(In thousands of U.S. Dollars)		2021				2020
(Increase) decrease in:
Financing receivables	$		(1,693	)	$		(3,212	)
Prepaid expenses			(2,767	)			(1,332	)
Variable consideration receivables			(1,243	)			(1,007	)
Other assets			664				(3,712	)
Decrease in:
Accounts payable			(5,135	)			(8,320	)
Accrued and other liabilities⁽¹⁾			(1,728	)			(6,526	)
	$		(11,902	)	$		(24,109	)

(1)	Includes a $9.5 million payment made in the second quarter of 2021 in connection with the settlement of the Giencourt matter, as discussed in Note 8(b)(ii).

(b)

Depreciation and amortization

	Nine Months Ended
	September 30,
(In thousands of U.S. Dollars)		2021			2020
Film assets	$		10,661	$		6,159
Property, plant and equipment:
Equipment supporting joint revenue sharing arrangements			16,784			19,247
Other property, plant and equipment			7,176			8,478
Other intangible assets⁽¹⁾			4,509			4,882
Other assets⁽²⁾			1,440			1,933
	$		40,570	$		40,699

(1)	Includes the amortization of licenses and intellectual property recorded in Research and Development on the Condensed Consolidated Statement of Operations of $1.0 million in the nine months ended September 30, 2021 (2020 — $1.0 million).

(2)	Includes the amortization of lessee incentives provided by the Company to its customers under joint revenue sharing arrangements.

(c)

Write-downs

	Nine Months Ended
	September 30,
(In thousands of U.S. Dollars)		2021			2020
Inventories⁽¹⁾	$		468	$		729
Property, plant and equipment:
Equipment supporting joint revenue sharing arrangements⁽²⁾			328			1,050
Other property, plant and equipment			—			66
Other intangible assets			63			132
Film assets⁽³⁾			19			10,211
Other assets⁽⁴⁾			—			1,151
	$		878	$		13,339

(1)	In the nine months ended September 30, 2021, the Company recorded write-downs of $0.5 million (2020 — $0.7 million) in Costs and Expenses Applicable to Technology Sales related to excess and damaged inventory.

(2)

In the nine months ended September 30, 2021, the Company recorded charges of $0.3 million (2020 — $1.1 million) in Costs and Expenses Applicable to Technology Rentals mostly related to the write-down of leased xenon-based digital systems which were taken out of service in connection with customer upgrades to laser-based digital systems.

(3)

In the nine months ended September 30, 2020, the Company recorded impairment losses of $10.2 million in Costs and Expenses Applicable to Image Enhancement and Maintenance Services principally to write-down the carrying value of certain documentary and alternative film content due to a decrease in projected box office totals and related revenues based on management’s regular quarterly recoverability assessments. To a much lesser extent, the impairment losses also relate to the write-down of DMR related film assets.

(4)	In the nine months ended September 30, 2020, the Company recorded a write-down of $1.2 million in Asset Impairments related to content-related assets which became impaired in the period.

(d)

Significant non-cash investing activities

	Nine Months Ended
	September 30,
(In thousands of U.S. Dollars)		2021				2020
Net (decrease) increase in accruals related to:
Investment in equipment supporting joint revenue sharing arrangements	$		217		$		(1,897	)
Acquisition of other intangible assets			(863	)			69
Purchases of property, plant and equipment			(8	)			158
	$		(654	)	$		(1,670	)