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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 29, 2017
Dec. 29, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 14.6 $ 23.0
Short-term marketable securities 18.8 26.1
Receivables, net of allowance of $6.4 and $6.3, respectively 99.2 160.5
Prepaid expenses 5.8 3.1
Income tax receivable 2.4 2.4
Current portion of notes receivable - founding members [1] 4.2 5.6
Other current assets 0.4 0.4
Total current assets 145.4 221.1
NON-CURRENT ASSETS:    
Property and equipment, net of accumulated depreciation of $68.3 and $64.1, respectively 30.0 29.6
Intangible assets, net of accumulated amortization of $132.2 and $118.9, respectively 744.5 560.5
Deferred tax assets 167.8 209.1
Long-term notes receivable, net of current portion - founding members [1] 8.3 8.3
Other investments 3.6 6.6
Long-term marketable securities 18.2 19.6
Debt issuance costs, net 1.6 1.9
Other assets 2.3 0.7
Total non-current assets 976.3 836.3
TOTAL ASSETS 1,121.7 1,057.4
CURRENT LIABILITIES:    
Amounts due to founding members 14.1 42.7
Payable to founding members under tax receivable agreement [2] 9.5 18.4
Accrued expenses 21.7 19.6
Accrued payroll and related expenses 8.4 12.2
Accounts payable 12.8 17.4
Deferred revenue 8.3 10.3
Total current liabilities 74.8 120.6
NON-CURRENT LIABILITIES:    
Long-term debt, net of debt issuance costs of $9.7 and $10.7, respectively 920.3 924.3
Deferred tax liability 58.5 48.3
Income tax payable 2.1 2.0
Payable to founding members under tax receivable agreement [2] 134.3 143.4
Total non-current liabilities 1,115.2 1,118.0
Total liabilities 1,190.0 1,238.6
COMMITMENTS AND CONTINGENCIES (NOTE 7)
EQUITY/(DEFICIT):    
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued and outstanding, respectively
Common stock, $0.01 par value; 175,000,000 shares authorized, 60,614,606 and 59,874,412 issued and outstanding, respectively 0.6 0.6
Additional paid in capital/(deficit) (186.2) (207.7)
Retained earnings (distributions in excess of earnings) (246.2) (215.6)
Total NCM, Inc. stockholders’ equity/(deficit) (431.8) (422.7)
Noncontrolling interests 363.5 241.5
Total equity/(deficit) (68.3) (181.2)
TOTAL LIABILITIES AND EQUITY/DEFICIT $ 1,121.7 $ 1,057.4
[1] Refer to the discussion of notes receivable from the founding members above.
[2] The Company paid the founding members $17.3 million in the second quarter of 2017 which was for the 2016 tax year. The Company paid the founding members $23.5 million in the first quarter of 2016, of which $2.7 million was net operating loss carrybacks for the 2013 year and $20.8 million was for the 2015 tax year.