MARCUS CORP

Listed Company

MCSCIK 0000062234NYSEAcceleratedServices-Motion Picture TheatersWisconsinFY ends Dec 31

Period

FY 2024

Revenue

$735.56M

Net Income

$-7.79M

Total Assets

$1.04B

Equity

$464.87M

Shares Out

19.02M

Op. Cash Flow

$103.94M

Business

MARCUS CORP is a hospitality and entertainment company engaged primarily in movie theatre exhibition and hotels and resorts. It operates branded theatres, premium large-format auditoriums, in‑theatre and in‑lobby dining concepts, a family entertainment center, loyalty and subscription programs, and provides hotel ownership, management and related hospitality services. Its principal segments are theatre operations and hotels and resorts, including owned and operated properties as well as third‑party managed properties and service businesses. It serves U.S. markets through company‑owned and managed locations, digital ticketing and loyalty channels, and third‑party management agreements.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Revenues other than cost reimbursements	695	692	644	439	220
Cost reimbursements	40	37	34	19	17
Total revenues	736	730	677	458	238
Advertising and marketing	25	23	24	16	11
Administrative	89	79	75	63	51
Depreciation and amortization	68	67	67	72	75
Rent (Note 7)	26	26	26	26	27
Property taxes	15	18	18	18	24
Other operating expenses (Note 2)	42	39	38	24	17
Impairment charges (Note 3)	7	1	2	6	25
Reimbursed costs	40	37	34	19	17
Total costs and expenses	719	696	669	500	416
OPERATING INCOME	16	34	8	−41	−178
Investment income (loss)	2	2	−45,000	599,000	564,000
Interest expense	−11	−13	−15	—	—
Other income (expense), net	−2	−2	−1	653,000	—
Gain on sale of hotel	0	0	6	0	0
Debt conversion expense	−16	0	0	—	—
Equity losses from unconsolidated joint ventures, net (Note 12)	−604,000	−149,000	−143,000	−92,000	−2
Nonoperating expense	−26	−12	−10	−18	−17
EARNINGS (LOSS) BEFORE INCOME TAXES	−10	22	−2	−59	−196
INCOME TAX EXPENSE (BENEFIT) (Note 10)	−2	7	7	−16	−71
NET EARNINGS (LOSS)	−8	15	−9	−43	−125
NET EARNINGS ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0	0	3	0	−23,000
NET EARNINGS (LOSS) ATTRIBUTABLE TO THE MARCUS CORPORATION	−8	15	−12	−43	−125

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Cash and cash equivalents (Note 1)	41	56	22	18	7
Restricted cash (Note 1)	4	4	3	6	7
Accounts receivable, net of reserves (Note 5)	21	20	21	29	6
Assets held for sale (Note 1)	1	0	460,000	5	4
Other current assets (Note 1)	25	22	17	15	10
Total current assets	92	102	64	100	68
PROPERTY AND EQUIPMENT, NET (Note 5)	686	682	716	771	848
OPERATING LEASE RIGHT-OF-USE ASSETS (Note 7)	159	180	195	217	230
Investments in joint ventures (Note 12)	5	2	2	2	2
Goodwill (Note 1)	75	75	75	75	75
Deferred income taxes (Note 10)	4	0	0	10	0
Other (Note 5)	23	25	13	13	31
Total other assets	107	101	90	100	108
Total assets	1,045	1,065	1,065	1,188	1,254
Accounts payable	51	37	32	36	13
Taxes other than income taxes	19	19	18	20	18
Accrued compensation	25	23	23	20	8
Other accrued liabilities (Note 1)	54	58	56	60	58
Current portion of finance lease obligations (Note 7)	3	3	2	3	3
Current portion of operating lease obligations (Note 7)	16	15	15	17	20
Current maturities of long-term debt (Note 6)	10	10	10	11	11
Total current liabilities	177	164	156	213	217
FINANCE LEASE OBLIGATIONS (Note 7)	10	13	15	17	20
OPERATING LEASE OBLIGATIONS (Note 7)	165	179	195	216	231
LONG-TERM DEBT (Note 6)	149	160	170	204	193
DEFERRED INCOME TAXES (Note 10)	33	32	27	26	33
OTHER LONG- TERM OBLIGATIONS (Note 9)	46	46	44	58	61
COMMITMENTS AND LICENSE RIGHTS (Note 11)	—	—	—	—	—
Preferred Stock, $1 par; authorized 1,000,000 shares; none issued	0	0	0	0	0
Capital in excess of par	177	161	154	146	154
Retained earnings	265	282	274	289	332
Accumulated other comprehensive loss	−181,000	−1	−2	−11	−15
Stockholders' equity before treasury stock	474	473	458	455	502
Less cost of Common Stock in treasury (604,914 shares at December 26, 2024 and 47,916 shares at December 28, 2023)	−9	−2	−2	−1	−3
Total shareholders equity attributable to The Marcus Corporation	465	471	456	454	499
Total liabilities and shareholders equity	1,045	1,065	1,065	1,188	1,254

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Losses on investments in joint ventures	604,000	149,000	143,000	92,000	2
Distributions from joint ventures	68,000	200,000	125,000	0	0
(Gain) loss on disposition of property, equipment and other assets	386,000	41,000	−1	−3	−856,000
Amortization of debt issuance costs	1	1	2	2	—
Share-based compensation	8	6	8	9	4
Deferred income taxes	−4	6	7	−16	−39
Other long-term obligations	2	−95,000	−209,000	2	3
Contribution of the Companys stock to savings and profit-sharing plan	0	1	956,000	—	—
Accounts receivable	−2	2	7	−22	23
Government grants receivable	0	0	4	578,000	−5
Other assets	1	−3	−2	−2	3
Operating leases	5	−785,000	−2	−5	9
Accounts payable	10	4	−3	22	−32
Income taxes	131,000	−480,000	23	9	1
Taxes other than income taxes	111,000	637,000	−2	1	−2
Accrued compensation	2	63,000	2	13	−10
Other accrued liabilities	−4	2	−4	1	−4
Total adjustments	112	88	102	90	56
Net cash provided by operating activities	104	103	93	46	−69
Capital expenditures	−79	−39	−37	−17	−21
Proceeds from disposals of property, equipment and other assets	3	4	5	22	4
Net proceeds from sale of hotel	0	0	31	0	0
Capital contribution in joint venture	−6	0	0	−2	−28,000
Subscription and sale of joint venture interests	2	0	0	—	—
Proceeds from sale of trading securities	178,000	40,000	141,000	377,000	5
Purchase of trading securities	−2	−839,000	−263,000	−3	−801,000
Property insurance recoveries	0	0	1	0	0
Other investing activities	382,000	−1	−547,000	−461,000	450,000
Net cash used in investing activities	−82	−37	−346,000	11	−12
Proceeds from borrowings on revolving credit facility	119	38	100	—	—
Repayment of borrowings on revolving credit facility	−119	−38	−100	—	—
Proceeds from issuance of long-term debt	100	0	0	—	—
Repayment on short-term borrowings	0	0	−47	−40	−3
Principal payments on long-term debt	−11	−11	−36	−11	−9
Repayment of borrowing on insurance policy	0	−7	0	0	—
Repurchase of convertible senior notes	−124	0	0	—	—
Proceeds from capped call unwind	18	0	0	—	—
Principal payments on finance lease obligations	−2	−3	−3	−3	−2
Debt issuance costs	−1	−1	−37,000	−208,000	−8
Treasury stock transactions, except for stock options	−10	−503,000	−1	−417,000	−534,000
Exercise of stock options	2	222,000	126,000	594,000	379,000
Dividends paid	−9	−7	−3	0	−5
Distributions to noncontrolling interest	0	−824,000	−2	0	0
Net cash used in financing activities	−37	−31	−92	−47	69
Net increase (decrease) in cash, cash equivalents and restricted cash	−15	35	452,000	10	−12
Interest paid, net of amounts capitalized	9	10	13	14	11
Income taxes refunded (paid), including interest earned	−1	−2	22	—	—
Change in accounts payable for additions to property and equipment	3	956,000	−348,000	1	−4

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro