IMAX Corp 2025年季度报告

Form10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch 31, 2025 IMAX Corporation (Exact name of registrant as specified in its charter) Canada Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: Class PART I. FINANCIAL INFORMATION PART II. OTHER INFORMATION PART I. FINANCIAL INFORMATION Item 1.Financial Statements The following unaudited Condensed Consolidated Financial Statements are filed as part of this Report: Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 20244Condensed Consolidated Statements of Operations for the three months ended March 31, 2025 and 20245Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2025 and 20246Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and 20247Condensed Consolidated Statements of Shareholders’ Equity for the three months ended March 31, 2025 and 20248Notes to Condensed Consolidated Financial Statements9 IMAX CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. Basis of Presentation Accounting Principles IMAX Corporation (together with its subsidiaries, unless the context requires otherwise, the “Company” or “IMAX”), preparesfinancial statements in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”) and pursuant to therules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures have beencondensed or omitted as permitted by such rules and regulations. In the opinion of the Company’s management, the unaudited CondensedConsolidated Financial Statements reflect all necessary adjustments for a fair statement of interim results. The Condensed Consolidated These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated FinancialStatements in the 2024 Form 10-K, which includes significant accounting policies adopted by the Company. Principles of Consolidation These unaudited Condensed Consolidated Financial Statements include the accounts of IMAX Corporation together with itsconsolidated subsidiaries, except for subsidiaries which have been identified as variable interest entities (“VIEs”) where the Company isnot the primary beneficiary. All intercompany accounts and transactions have been eliminated. The Company has evaluated its various The Company has interests intenfilm production companies, which have been identified as VIEs. The Company is the primarybeneficiary of and consolidatesfiveof these entities as it has the power to direct the activities that most significantly impact theeconomic performance of the VIE, and it has the obligation to absorb losses or the right to receive benefits from the respective VIE thatcould potentially be significant. The majority of the assets relating to these production companies are held by the IMAX Original FilmFund (the “Original Film Fund”). The Company does not consolidate the otherfivefilm production companies because it does not have As of March 31, 2025 and December 31, 2024, total assets and liabilities of the Company’s consolidated VIEs were as follows: Estimates and Assumptions In preparing the Company’s Condensed Consolidated Financial Statements, management makes judgments in applying variousaccounting policies. The areas of policy judgment are consistent with those reported in Note 2 of the Company’s audited ConsolidatedFinancial Statements included in its 2024 Form 10-K. The significant estimates made by management include, but are not limited to: (i)the allocation of the transaction price in an IMAX System arrangement to d