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IMAX Corporation Reports Fourth Quarter and Full Year 2012 Financial Results

IMAX Corporation Reports Fourth Quarter and Full Year 2012 Financial Results 
NEW YORK, Feb. 21, 2013 /CNW/ - 
HIGHLIGHTS 


    --  Adjusted EPS increases 95% to $0.80 for full year; Q4 2012
        adjusted EPS of $0.23
    --  Full year revenues increase 20% to $284.3 million with fourth
        quarter revenues of $77.8 million
    --  Network scale and global film portfolio drive approximately 50%
        box office growth in full year 2012

IMAX Corporation (NYSE: IMAX; TSX: IMX) today reported its financial results 
for the fourth quarter of 2012, driven by continued theatre network growth and 
strong box office performance, derived from a diverse global film portfolio.  
Fourth quarter 2012 revenues were $77.8 million, adjusted EBITDA as calculated 
in accordance with the Company's Credit Facility was $27.4 million, adjusted 
net income was $15.7 million, or $0.23 per diluted share, and reported net 
income was $12.9 million, or $0.19 per diluted share.

(Logo: http://photos.prnewswire.com/prnh/20111107/MM01969LOGO )

Full year 2012 revenues were $284.3 million, adjusted EBITDA as calculated in 
accordance with the Company's Credit Facility was $106.8 million, adjusted net 
income was $54.3 million, or $0.80 per diluted share, and reported net income 
was $41.3 million, or $0.61 per diluted share. For reconciliations of adjusted 
net income to reported net income and for the definition of adjusted EBITDA 
and free cash flow, please see the tables at the end of this press release.

"Our fourth quarter results once again demonstrated the operating leverage 
inherent in the IMAX business model and was a strong finish to a successful 
year for the Company," said IMAX Chief Executive Officer Richard L. Gelfond. 
"We executed on all key fronts, with the combination of network expansion and 
an increasingly global portfolio approach to our film slate translating into 
solid financial results."

Network Growth Update

In the fourth quarter of 2012, the Company signed contracts for 38 theatre 
systems, of which 28 were systems in new theatre locations, and installed 46 
theatre systems, of which 43 were systems in new theatre locations.  For the 
full year of 2012, the Company signed contracts for 142 theatre systems, of 
which 121 were systems in new theatre locations, and installed 125 theatre 
systems, of which 107 were systems in new theatre locations.

The total IMAX® theatre network consisted of 731 systems as of Dec. 31, 2012, 
of which 598 were in commercial multiplexes.  There were 276 theatre systems 
in backlog as of Dec. 31, 2012, compared to 263 theatre systems in backlog as 
of Dec. 31, 2011.  For a breakdown of theatre system signings, installations 
and backlog by type, please see the end of this press release.

"We believe the financial and strategic accomplishments of 2012 re-confirmed 
IMAX's position as a unique global player in the film industry and laid a 
solid foundation for long-term growth," Mr. Gelfond concluded.  "Our 2013 
objectives are straight forward - continue to expand our footprint worldwide, 
maximize the scalability of our business and further leverage our 
differentiated end-to-end technology platform to enable more leading 
filmmakers and studios to create an entertainment experience that cannot be 
found anywhere else."

Fourth Quarter Segment Results
    --  IMAX systems revenue was $24.3 million in the quarter, compared
        to $29.8 million in the fourth quarter of 2011, primarily
        reflecting the installation of 14 full, new theatre systems
        under sales and sales-type lease arrangements in the most
        recent fourth quarter, compared to 17 full, new theatre systems
        in the prior year period. The Company also installed three
        digital system upgrades under sales or sales-type lease
        arrangements in the fourth quarter of 2012, compared to one
        upgrade in the fourth quarter of 2011.
    --  Revenue from joint revenue sharing arrangements increased
        103.4% to $17.0 million, from $8.4 million in the prior-year
        period. During the quarter, the Company installed 29 new
        theatres under joint revenue sharing arrangements, compared to
        39 in the year-ago period. The Company ended 2012 with 316
        theatres operating under joint revenue sharing arrangements, as
        compared to 257 theatres at the end of 2011.
    --  Production and IMAX DMR® (Digital Re-Mastering) revenues
        increased 56.3% to $19.2 million in the fourth quarter of 2012
        from $12.3 million in the fourth quarter of 2011. Gross box
        office from DMR titles was a record $152.0 million in the
        fourth quarter of 2012, compared to $97.6 million in the prior
        year period. The average global DMR box office per screen in
        the fourth quarter of 2012 was $264,400, compared to $221,600
        in the prior year period.

Conference Call   The Company will host a conference call today at 8:30 AM ET 
to discuss its fourth quarter and full year 2012 financial results.  To access 
the call via telephone, interested parties should dial (800) 820-0231 
approximately 5 to 10 minutes before it begins.  International callers should 
dial (416) 640-5926.  The participant passcode for the call is 4550645.  This 
call is also being webcast by Thomson Financial and can be accessed on the 
'Investor Relations' section of www.imax.com.   A replay of the call will be 
available via webcast on the 'Investor Relations' section of www.imax.com or 
via telephone by dialing (888) 203-1112 (US and Canada) or (647) 436-0148 
(international). The Conference ID for the telephone replay is 4550645.

About IMAX Corporation   IMAX, an innovator in entertainment technology, 
combines proprietary software, architecture and equipment to create 
experiences that take you beyond the edge of your seat to a world you've never 
imagined. Top filmmakers and studios are utilizing IMAX theatres to connect 
with audiences in extraordinary ways, and, as such, IMAX's network is among 
the most important and successful theatrical distribution platforms for major 
event films around the globe.

IMAX is headquartered in New York, Toronto and Los Angeles, with offices in 
London, Tokyo, Shanghai and Beijing.  As of Dec. 31, 2012, there were 731 IMAX 
theatres (598 commercial multiplexes, 19 commercial destinations and 114 
institutions) in 53 countries.

IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D 
Experience®, The IMAX Experience® and IMAX Is Believing® are trademarks of 
IMAX Corporation. More information about the Company can be found at 
www.imax.com. You may also connect with IMAX on Facebook 
(www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube 
(www.youtube.com/imaxmovies).

This press release contains forward looking statements that are based on IMAX 
management's assumptions and existing information and involve certain risks 
and uncertainties which could cause actual results to differ materially from 
future results expressed or implied by such forward looking statements. 
Important factors that could affect these statements include, but are not 
limited to, general economic, market or business conditions; the opportunities 
(or lack thereof) that may be presented to and pursued by the Company; the 
performance of IMAX DMR films; competitive actions by other companies; 
conditions in the in-home and out-of-home entertainment industries; the 
signing of theater system agreements; changes in laws or regulations; 
conditions, changes and developments in the commercial exhibition industry; 
the failure to convert theater system backlog into revenue; risks associated 
with investments and operations in foreign jurisdictions and any future 
international expansion, including those related to economic, political and 
regulatory policies of local governments and laws and policies of the United 
States and Canada; risks related to the Company's growth and operations in 
China; the failure to respond to change and advancements in digital 
technology; risks related to the acquisition of AMC Entertainment Holdings, 
Inc. by Dalian Wanda Group Co., Ltd.; risks related to new business 
initiatives; the potential impact of increased competition in the markets 
within which the Company operates; risks related to the Company's inability to 
protect the Company's intellectual property; risks related to Eastman Kodak 
bankruptcy and the possibility of constrained film supply; risks related to 
the Company's implementation of a new enterprise resource planning system; 
risks related to the Company's prior restatements and the related litigation; 
and other factors, many of which are beyond the control of the Company. These 
factors and other risks and uncertainties are discussed in IMAX's most recent 
Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.

For additional information please contact:

Investors:


                                                                                        Media:
IMAX Corporation, New York 
                                                                                        IMAX Corporation, New York
Teri Loxam/Blaire Lomasky 
                                                                                        Ann Sommerlath
212-821-0100 
                                                                                        212-821-0155
tloxam@imax.com 
                                                                                        asommerlath@imax.com
blomasky@imax.com 
                                                                                        Entertainment Media:
Business Media: 
                                                                                        Principal Communications 
Group, Los Angeles
Sloane & Company, New York 
                                                                                        Melissa Zuckerman/Paul 
Pflug
Whit Clay 
                                                                                        323-658-1555
212-446-1864 
                                                                                        melissa@pcommgroup.com
wclay@sloanepr.com 
                                                                                        paul@pcommgroup.com 


    Additional Information



Theatre Network Details:
                                Three Months        Twelve Months
                                Ended December 31,  Ended December 31,

Theatre System Signings:        2012     2011       2012         2011


Full new sales and sales-type  11       13         43           58
 lease arrangements 
 New joint revenue sharing      17       11         78           132
 arrangements 
Total new theatres              28       24         121          190 


    Upgrades and other             10   (1) 2          21   (1) (2) 19

Total Theatre Signings          38       26         142          209
                                Three Months        Twelve Months
                                Ended December 31,  Ended December 31,

Theatre System Installations:   2012     2011       2012         2011


Full new sales and sales-type  14       17         47           51
 lease arrangements 
 New joint revenue sharing      29       39         60           86
 arrangements 
Total new theatres              43       56         107          137 


    Upgrades and other             3        1          18           33

Total Theatre Installations     46       57         125          170
                                As of
                                Ended December 31,

Theatre Backlog:                2012     2011


New sales and sales-type lease 128      134
 arrangements 
 New joint revenue sharing      137      119
 arrangements 
Total new theatres              265      253 
Upgrades under sales and       11   (1) 10
 sales-type lease arrangements 
Total Theatres in Backlog       276      263 
 ___________________________________________________________________
|_______________                                                   ||
|__________________________________________________________________||
|                                                                  ||
|__________________________________________________________________||
|(1)|Includes one laser-based system for a commercial theater and  |
|   |four laser-based systems for institutional theaters.          |
|___|______________________________________________________________|
|   |Includes three IMAX theatres acquired from another existing   |
|(2)|customer that had been operating under a joint revenue sharing|
|   |arrangement. These theaters were purchased from the Company   |
|   |under a sales arrangement.                                    |
|___|______________________________________________________________| 
Additional Information (continued) 
2013 DMR Films Announced to Date:    To date, IMAX has announced 23 titles to 
be released in 2013.  The Company remains in discussions with virtually every 
major studio regarding future titles and expects the total number of titles in 
2013 to be similar to that in 2012. 


    --  The Grandmaster: The IMAX Experience (Jet Tone Films and
        Sil-Metropole Organization, January 2013);
    --  Hansel & Gretel: Witch Hunters: An IMAX 3D Experience
        (Paramount Pictures, January 2013);
    --  Journey to the West: Conquering the Demons: An IMAX 3D
        Experience (Bingo Movie Development Ltd, February 2013);
    --  Top Gun: An IMAX 3D Experience (Paramount Pictures, February
        2013);
    --  A Good Day to Die Hard: The IMAX Experience (Twentieth Century
        Fox, February 2013);
    --  Jack the Giant Slayer: An IMAX 3D Experience (Warner Bros.,
        March 2013);
    --  Oz: The Great and Powerful: An IMAX 3D Experience (Walt Disney
        Pictures, March 2013);
    --  G.I. Joe: Retaliation: An IMAX 3D Experience (Paramount
        Pictures, March 2013);
    --  Dragon Ball Z: Battle of the Gods: An IMAX 3D Experience (Toei
        Animation Company, March 2013);
    --  Oblivion: The IMAX Experience (Universal Pictures, April 2013);
    --  Jurassic Park: An IMAX 3D Experience (Universal Pictures, April
        2013);
    --  Iron Man 3: An IMAX 3D Experience (Walt Disney Pictures, May
        2013);
    --  Star Trek: Into Darkness: An IMAX 3D Experience (Paramount
        Pictures, May 2013);
    --  Man of Steel: The IMAX Experience (Warner Bros., June 2013);
    --  Pacific Rim: An IMAX 3D Experience (Warner Bros., July 2013);
    --  300: Rise of an Empire: An IMAX 3D Experience (Warner Bros.,
        August 2013);
    --  Riddick Sequel: The IMAX Experience (Universal Pictures,
        September 2013);
    --  Gravity: An IMAX 3D Experience (Warner Bros., October 2013);
    --  Stalingrad: An IMAX 3D Experience (AR Films, October 2013,
        Russia and the CIS only );
    --  Seventh Son: An IMAX 3D Experience (Warner Bros., October
        2013);
    --  The Hunger Games: Catching Fire: The IMAX Experience
        (Lionsgate, November 2013);
    --  The Hobbit: The Desolation of Smaug: An IMAX 3D Experience
        (Warner Bros., December 2013); and
    --  Dhoom 3: The IMAX Experience (Yash Raj Films, 2013, India
        only).

 _____________________________________________________________________
|IMAX CORPORATION                                                     |
|_____________________________________________________________________|
|CONSOLIDATED STATEMENTS OF OPERATIONS                                |
|_____________________________________________________________________|
|In accordance with United States Generally Accepted Accounting       |
|Principles                                                           |
|_____________________________________________________________________|
|(In thousands of U.S. dollars, except per share amounts)             |
|_____________________________________________________________________|
||                        | |       || |       || |        || |       |
||________________________|_|_______||_|_______||_|________||_|_______|
||                        |Three Months        ||Year Ended           |
||________________________|____________________||_____________________|
||                        |Ended December 31,  ||Ended December 31,   |
||________________________|____________________||_____________________|
||                        |2012     ||2011(*)  ||2012      ||2011(*)  |
||________________________|_________||_________||__________||_________|
|                         | |       ||         || |        ||         |
|_________________________|_|_______||_________||_|________||_________|
|Revenues                 | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Equipment and product    |$|22,405 ||$|26,657 ||$|78,161  ||$|85,016 |
|sales                    | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Services                 | |34,294 || |26,349 || |136,606 || |106,720|
|_________________________|_|_______||_|_______||_|________||_|_______|
|Rentals                  | |18,356 || |9,394  || |61,268  || |34,810 |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Finance income           | |1,986  || |1,753  || |7,523   || |6,162  |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Other                    | |732    || |2,523  || |732     || |3,848  |
|_________________________|_|_______||_|_______||_|________||_|_______|
||                        | |77,773 || |66,676 || |284,290 || |236,556|
||________________________|_|_______||_|_______||_|________||_|_______|
|Costs and expenses       | |       || |       || |        || |       |
|applicable to revenues   | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Equipment and product    | |9,811  || |10,147 || |37,538  || |38,742 |
|sales                    | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Services                 | |17,239 || |21,262 || |72,617  || |69,277 |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Rentals                  | |8,434  || |4,823  || |21,402  || |14,301 |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Other                    | |-      || |612    || |-       || |1,018  |
|_________________________|_|_______||_|_______||_|________||_|_______|
||                        | |35,484 || |36,844 || |131,557 || |123,338|
||________________________|_|_______||_|_______||_|________||_|_______|
|Gross margin             | |42,289 || |29,832 || |152,733 || |113,218|
|_________________________|_|_______||_|_______||_|________||_|_______|
|Selling, general and     | |22,529 || |17,093 || |81,560  || |73,157 |
|administrative expenses  | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
||(including share-based  | |       || |       || |        || |       |
||compensation expense of | |       || |       || |        || |       |
||$2.9 million and $13.1  | |       || |       || |        || |       |
||million for the three   | |       || |       || |        || |       |
||                        | |       || |       || |        || |       |
||months and year ended   | |       || |       || |        || |       |
||December 31, 2012,      | |       || |       || |        || |       |
||respectively (2011 -    | |       || |       || |        || |       |
||expense of $2.7 million | |       || |       || |        || |       |
||and                     | |       || |       || |        || |       |
||                        | |       || |       || |        || |       |
||$11.7 million,          | |       || |       || |        || |       |
||respectively))          | |       || |       || |        || |       |
||________________________|_|_______||_|_______||_|________||_|_______|
|Provision for arbitration| |-      || |-      || |-       || |2,055  |
|award                    | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Research and development | |3,788  || |1,803  || |11,411  || |7,829  |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Amortization of          | |174    || |125    || |706     || |465    |
|intangibles              | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Receivable provisions,   | |(305)  || |804    || |524     || |1,570  |
|net of recoveries        | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Asset impairments        | |-      || |20     || |-       || |28     |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Impairment of            | |       || |       || |        || |       |
|available-for-sale       | |-      || |-      || |150     || |-      |
|investment               | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Income from operations   | |16,103 || |9,987  || |58,382  || |28,114 |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Interest income          | |12     || |13     || |85      || |57     |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Interest recovery        | |686    || |(402)  || |(689)   || |(1,827)|
|(expense)                | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Income from continuing   | |       || |       || |        || |       |
|operations before income | |16,801 || |9,598  || |57,778  || |26,344 |
|taxes                    | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
|(Provision for) recovery | |(3,594)|| |(2,861)|| |(15,079)|| |(9,293)|
|of income taxes          | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Loss from                | |       || |       || |        || |       |
|equity-accounted         | |(324)  || |(479)  || |(1,362) || |(1,791)|
|investments              | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Net Income               |$|12,883 ||$|6,258  ||$|41,337  ||$|15,260 |
|_________________________|_|_______||_|_______||_|________||_|_______|
||                        | |       || |       || |        || |       |
||________________________|_|_______||_|_______||_|________||_|_______|
|Net income per share -   | |       || |       || |        || |       |
|basic & diluted:         | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
||Net income per share -  |$|0.19   ||$|0.10   ||$|0.63    ||$|0.24   |
||basic                   | |       || |       || |        || |       |
||________________________|_|_______||_|_______||_|________||_|_______|
||Net income per share -  |$|0.19   ||$|0.09   ||$|0.61    ||$|0.22   |
||diluted                 | |       || |       || |        || |       |
||________________________|_|_______||_|_______||_|________||_|_______|
||                        | |       || |       || |        || |       |
||________________________|_|_______||_|_______||_|________||_|_______|
|Weighted average number  | |       || |       || |        || |       |
|of shares outstanding    | |       || |       || |        || |       |
|(000's):                 | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
||Basic                   | |66,264 || |64,799 || |65,854  || |64,504 |
||________________________|_|_______||_|_______||_|________||_|_______|
||Fully Diluted           | |68,281 || |67,460 || |67,933  || |67,859 |
||________________________|_|_______||_|_______||_|________||_|_______|
||                        | |       || |       || |        || |       |
||________________________|_|_______||_|_______||_|________||_|_______|
|Additional Disclosure:   | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|
|Depreciation and         |$|8,084  || |7,143  ||$|32,788  || |25,163 |
|amortization((1))        | |       || |       || |        || |       |
|_________________________|_|_______||_|_______||_|________||_|_______|

 ____________________________________________________________________
|_______________                                                     |
|____________________________________________________________________|
|   |                                                                |
|___|________________________________________________________________|
|   |Includes less than $0.1 million and $0.2 million of amortization|
|(1)|of deferred financing costs charged to interest expense for the |
|   |three months and year ended December 31, 2012 (2011 - less than |
|   |$0.1 million and $0.4 million respectively).                    |
|___|________________________________________________________________|
|*  |Reflects a revision resulting from an adjustment to reflect an  |
|   |unfunded postretirement obligation of the Company.              |
|___|________________________________________________________________|


_____________________________________________________________________
|IMAX CORPORATION                                                     |
|_____________________________________________________________________|
|CONSOLIDATED BALANCE SHEETS                                          |
|_____________________________________________________________________|
|In accordance with United States Generally Accepted Accounting       |
|Principles                                                           |
|_____________________________________________________________________|
|(In thousands of U.S. dollars)                                       |
|_____________________________________________________________________|
|                                           | | |        || |         |
|___________________________________________|_|_|________||_|_________|
|                                           | |As at December 31,     |
|___________________________________________|_|_______________________|
|                                           | |2012      ||2011(*)    |
|___________________________________________|_|__________||___________|
|                                           | |          ||           |
|___________________________________________|_|__________||___________|
|Assets                                     | | |        || |         |
|___________________________________________|_|_|________||_|_________|
|Cash and cash equivalents                  | |$|21,336  ||$|18,138   |
|___________________________________________|_|_|________||_|_________|
|Accounts receivable, net of allowance for    | |        || |         |
|doubtful accounts of $1,564 (December 31,    | |42,007  || |46,659   |
|2011 — $1,840)                         | |        || |         |
|_____________________________________________|_|________||_|_________|
|Financing receivables                      | | |94,193  || |86,714   |
|___________________________________________|_|_|________||_|_________|
|Inventories                                | | |15,794  || |19,747   |
|___________________________________________|_|_|________||_|_________|
|Prepaid expenses                           | | |3,833   || |3,126    |
|___________________________________________|_|_|________||_|_________|
|Film assets                                | | |3,737   || |2,388    |
|___________________________________________|_|_|________||_|_________|
|Property, plant and equipment              | | |113,610 || |101,253  |
|___________________________________________|_|_|________||_|_________|
|Other assets                               | | |23,963  || |14,238   |
|___________________________________________|_|_|________||_|_________|
|Deferred income taxes                      | | |36,461  || |51,046   |
|___________________________________________|_|_|________||_|_________|
|Goodwill                                   | | |39,027  || |39,027   |
|___________________________________________|_|_|________||_|_________|
|Other intangible assets                    | | |27,911  || |24,913   |
|___________________________________________|_|_|________||_|_________|
|Total assets                               | |$|421,872 ||$|407,249  |
|___________________________________________|_|_|________||_|_________|
|                                           | | |        || |         |
|___________________________________________|_|_|________||_|_________|
|Liabilities                                | | |        || |         |
|___________________________________________|_|_|________||_|_________|
|Bank indebtedness                          | |$|11,000  ||$|55,083   |
|___________________________________________|_|_|________||_|_________|
|Accounts payable                           | | |15,144  || |28,985   |
|___________________________________________|_|_|________||_|_________|
|Accrued and other liabilities              | | |68,695  || |58,855   |
|___________________________________________|_|_|________||_|_________|
|Deferred revenue                           | | |73,954  || |74,458   |
|___________________________________________|_|_|________||_|_________|
|Total liabilities                          | | |168,793 || |217,381  |
|___________________________________________|_|_|________||_|_________|
|                                           | | |        || |         |
|___________________________________________|_|_|________||_|_________|
|Commitments and contingencies              | | |        || |         |
|___________________________________________|_|_|________||_|_________|
|                                           | | |        || |         |
|___________________________________________|_|_|________||_|_________|
|Shareholders' equity                       | | |        || |         |
|___________________________________________|_|_|________||_|_________|
|Capital stock common shares — no par | | |        || |         |
|value. Authorized — unlimited number.| | |        || |         |
|___________________________________________|_|_|________||_|_________|
|Issued and outstanding — 66,482,425  | | |313,744 || |303,395  |
|(December 31, 2011 — 65,052,740)     | | |        || |         |
|___________________________________________|_|_|________||_|_________|
|Other equity                               | | |28,892  || |17,510   |
|___________________________________________|_|_|________||_|_________|
|Deficit                                    | | |(87,166)|| |(128,503)|
|___________________________________________|_|_|________||_|_________|
|Accumulated other comprehensive loss       | | |(2,391) || |(2,534)  |
|___________________________________________|_|_|________||_|_________|
|Total shareholders' equity                 | | |253,079 || |189,868  |
|___________________________________________|_|_|________||_|_________|
|Total liabilities and shareholders' equity | |$|421,872 ||$|407,249  |
|___________________________________________|_|_|________||_|_________| 
_____________________________________________________________________
|IMAX CORPORATION                                                     |
|_____________________________________________________________________|
|CONSOLIDATED STATEMENTS OF CASH FLOWS                                |
|_____________________________________________________________________|
|In accordance with United States Generally Accepted Accounting       |
|Principles                                                           |
|_____________________________________________________________________|
|(In thousands of U.S. dollars)                                       |
|_____________________________________________________________________|
||                                          |Years Ended December 31,||
||__________________________________________|________________________||
||                                          |2012      ||2011(*)     ||
||__________________________________________|__________||____________||
|                                           | |        ||            ||
|___________________________________________|_|________||____________||
|Cash provided by (used in):                | |        ||            ||
|___________________________________________|_|________||____________||
|Operating Activities                       | |        || |          ||
|___________________________________________|_|________||_|__________||
|Net income                                 |$|41,337  ||$|15,260    ||
|___________________________________________|_|________||_|__________||
|Adjustments to reconcile net income to cash| |        || |          ||
|from operations:                           | |        || |          ||
|___________________________________________|_|________||_|__________||
||Depreciation and amortization             | |32,788  || |25,163    ||
||__________________________________________|_|________||_|__________||
||Write-downs, net of recoveries            | |1,607   || |1,954     ||
||__________________________________________|_|________||_|__________||
||Change in deferred income taxes           | |14,724  || |7,994     ||
||__________________________________________|_|________||_|__________||
||Stock and other non-cash compensation     | |14,220  || |12,814    ||
||__________________________________________|_|________||_|__________||
||Provision for arbitration award           | |-       || |2,055     ||
||__________________________________________|_|________||_|__________||
||Foreign currency exchange (gain) loss     | |(329)   || |1,255     ||
||__________________________________________|_|________||_|__________||
||Loss from equity-accounted investments    | |1,362   || |1,791     ||
||__________________________________________|_|________||_|__________||
||Gain on non-cash contribution to          | |-       || |(404)     ||
||equity-accounted investees                | |        || |          ||
||__________________________________________|_|________||_|__________||
|Investment in film assets                  | |(16,817)|| |(12,256)  ||
|___________________________________________|_|________||_|__________||
|Changes in other non-cash operating assets | |(15,262)|| |(49,379)  ||
|and liabilities                            | |        || |          ||
|___________________________________________|_|________||_|__________||
||Net cash provided by operating activities | |73,630  || |6,247     ||
||__________________________________________|_|________||_|__________||
||                                          | |        || |          ||
||__________________________________________|_|________||_|__________||
|Investing Activities                       | |        || |          ||
|___________________________________________|_|________||_|__________||
|Purchase of property, plant and equipment  | |(6,055) || |(5,528)   ||
|___________________________________________|_|________||_|__________||
|Investment in joint revenue sharing        | |(23,257)|| |(33,290)  ||
|equipment                                  | |        || |          ||
|___________________________________________|_|________||_|__________||
|Investment in new business ventures        | |(381)   || |(2,483)   ||
|___________________________________________|_|________||_|__________||
|Acquisition of other intangible assets     | |(5,826) || |(22,206)  ||
|___________________________________________|_|________||_|__________||
||Net cash used in investing activities     | |(35,519)|| |(63,507)  ||
||__________________________________________|_|________||_|__________||
||                                          | |        || |          ||
||__________________________________________|_|________||_|__________||
|Financing Activities                       | |        || |          ||
|___________________________________________|_|________||_|__________||
|Increase in bank indebtedness              | |9,917   || |75,083    ||
|___________________________________________|_|________||_|__________||
|Repayment of bank indebtedness             | |(54,000)|| |(37,500)  ||
|___________________________________________|_|________||_|__________||
|Common shares issued - stock options       | |8,920   || |7,864     ||
|exercised                                  | |        || |          ||
|___________________________________________|_|________||_|__________||
|Proceeds from disgorgement of stock sale   | |314     || |-         ||
|profits                                    | |        || |          ||
|___________________________________________|_|________||_|__________||
|Credit Facility amendment fees paid        | |-       || |(306)     ||
|___________________________________________|_|________||_|__________||
||Net cash (used in) provided by financing  | |(34,849)|| |45,141    ||
||activities                                | |        || |          ||
||__________________________________________|_|________||_|__________||
||                                          | |        || |          ||
||__________________________________________|_|________||_|__________||
|Effects of exchange rate changes on cash   | |(64)    || |(133)     ||
|___________________________________________|_|________||_|__________||
||                                          | |        || |          ||
||__________________________________________|_|________||_|__________||
|Increase (decrease) in cash and cash       | |3,198   || |(12,252)  ||
|equivalents during year                    | |        || |          ||
|___________________________________________|_|________||_|__________||
||                                          | |        || |          ||
||__________________________________________|_|________||_|__________||
|Cash and cash equivalents, beginning of    | |18,138  || |30,390    ||
|year                                       | |        || |          ||
|___________________________________________|_|________||_|__________||
||                                          | |        || |          ||
||__________________________________________|_|________||_|__________||
|Cash and cash equivalents, end of year     |$|21,336  ||$|18,138    ||
|___________________________________________|_|________||_|__________|| 
_____________________________________________________________________
|IMAX CORPORATION                                                     |
|                                                                     |
|SELECTED FINANCIAL DATA                                              |
|                                                                     |
|In accordance with United States Generally Accepted Accounting       |
|Principles                                                           |
|                                                                     |
|(In thousands of U.S. dollars)                                       |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
|The Company has seven reportable segments identified by category of  |
|product sold or service provided: IMAX systems; theater system       |
|maintenance; joint revenue sharing arrangements; film production and |
|IMAX DMR; film distribution; film post-production; theater           |
|operations; and other. The IMAX systems segment designs,             |
|manufactures, sells or leases IMAX theater projection system         |
|equipment. The theater system maintenance segment maintains IMAX     |
|theater projection system equipment in the IMAX theater network. The |
|joint revenue sharing arrangements segment provides IMAX theater     |
|projection system equipment to an exhibitor in exchange for a share  |
|of the box-office and concessions revenue. The film production and   |
|IMAX DMR segment produces films and performs film re-mastering       |
|services. The film distribution segment distributes films for which  |
|the Company has distribution rights. The film post-production segment|
|provides film post-production and film print services. The other     |
|segment includes theater operations from certain IMAX theaters,      |
|camera rentals and other miscellaneous items.                        |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
||                           |Three Months      ||Year Ended          |
||___________________________|__________________||____________________|
||                           |Ended December 31,||Ended December 31,  |
||___________________________|__________________||____________________|
||                           |2012    ||2011    ||2012     ||2011     |
||___________________________|________||________||_________||_________|
|Revenue                     | |      || |      || |       || |       |
|____________________________|_|______||_|______||_|_______||_|_______|
|IMAX systems                | |      || |      || |       || |       |
|____________________________|_|______||_|______||_|_______||_|_______|
||Sales and sales-type leases|$|20,237||$|26,552||$|69,988 ||$|81,310 |
||___________________________|_|______||_|______||_|_______||_|_______|
||Ongoing rent, fees, and    | |4,105 || |3,270 || |13,417 || |11,890 |
||finance income             | |      || |      || |       || |       |
||___________________________|_|______||_|______||_|_______||_|_______|
||                           | |24,342|| |29,822|| |83,405 || |93,200 |
||___________________________|_|______||_|______||_|_______||_|_______|
|Theater system maintenance  | |7,751 || |6,570 || |28,629 || |24,840 |
|____________________________|_|______||_|______||_|_______||_|_______|
|Joint revenue sharing       | |17,049|| |8,382 || |57,526 || |30,764 |
|arrangements                | |      || |      || |       || |       |
|____________________________|_|______||_|______||_|_______||_|_______|
|Film                        | |      || |      || |       || |       |
|____________________________|_|______||_|______||_|_______||_|_______|
||Production and IMAX DMR    | |19,245|| |12,312|| |78,050 || |50,592 |
||___________________________|_|______||_|______||_|_______||_|_______|
||Distribution               | |3,100 || |3,217 || |14,222 || |16,074 |
||___________________________|_|______||_|______||_|_______||_|_______|
||Post-production            | |2,126 || |2,549 || |7,904  || |8,235  |
||___________________________|_|______||_|______||_|_______||_|_______|
||                           | |24,471|| |18,078|| |100,176|| |74,901 |
||___________________________|_|______||_|______||_|_______||_|_______|
|Other                       | |4,160 || |3,824 || |14,554 || |12,851 |
|____________________________|_|______||_|______||_|_______||_|_______|
|Total                       |$|77,773||$|66,676||$|284,290||$|236,556|
|____________________________|_|______||_|______||_|_______||_|_______|
||                           | |      || |      || |       || |       |
||___________________________|_|______||_|______||_|_______||_|_______|
|Gross margins               | |      || |      || |       || |       |
|____________________________|_|______||_|______||_|_______||_|_______|
|IMAX systems((1))           | |      || |      || |       || |       |
|____________________________|_|______||_|______||_|_______||_|_______|
||Sales and sales-type leases|$|11,715||$|17,088||$|36,974 ||$|45,251 |
||___________________________|_|______||_|______||_|_______||_|_______|
||Ongoing rent, fees, and    | |4,055 || |3,372 || |13,271 || |11,678 |
||finance income             | |      || |      || |       || |       |
||___________________________|_|______||_|______||_|_______||_|_______|
||                           | |15,770|| |20,460|| |50,245 || |56,929 |
||___________________________|_|______||_|______||_|_______||_|_______|
|Theater system maintenance  | |2,848 || |2,525 || |10,970 || |9,437  |
|____________________________|_|______||_|______||_|_______||_|_______|
|Joint revenue sharing       | |8,968 || |3,813 || |37,308 || |17,605 |
|arrangements((1))           | |      || |      || |       || |       |
|____________________________|_|______||_|______||_|_______||_|_______|
|Film                        | |      || |      || |       || |       |
|____________________________|_|______||_|______||_|_______||_|_______|
||Production and IMAX DMR(   | |13,641|| |2,339 || |49,355 || |23,574 |
||(1))                       | |      || |      || |       || |       |
||___________________________|_|______||_|______||_|_______||_|_______|
||Distribution((1))          | |223   || |494   || |2,356  || |3,025  |
||___________________________|_|______||_|______||_|_______||_|_______|
||Post-production            | |581   || |181   || |1,954  || |2,985  |
||___________________________|_|______||_|______||_|_______||_|_______|
||                           | |14,445|| |3,014 || |53,665 || |29,584 |
||___________________________|_|______||_|______||_|_______||_|_______|
|Other                       | |258   || |20    || |545    || |(337)  |
|____________________________|_|______||_|______||_|_______||_|_______|
|Total                       |$|42,289||$|29,832||$|152,733||$|113,218|
|____________________________|_|______||_|______||_|_______||_|_______| 
_______________ 


    IMAX systems include commission costs of $0.6 million and $2.7
    million for the three and twelve months ended December 31, 2012,
    respectively (2011 — $0.9 million and $2.4 million,
    respectively). Joint revenue sharing arrangements segment margins
    include advertising, marketing and commission costs of $1.3 million
    and $3.4 million for the three and twelve months ended December 31,


2012, respectively (2011 — $1.9 million and $5.4 million,
(1) respectively). Production and DMR segment margins include marketing 


    costs of $1.1 million and $3.3 million for the three and twelve
    months ended December 31, 2012, respectively (2011 — $1.9
    million and $3.8 million, respectively). Distribution segment
    margins include marketing costs of $0.3 million and $1.5 million
    for the three and twelve months ended December 31, 2012,
    respectively (2011 — $0.2 million and $1.9 million,
    respectively).


_____________________________________________________________________
|IMAX CORPORATION                                                     |
|                                                                     |
|OTHER INFORMATION                                                    |
|                                                                     |
|(In thousands of U.S. dollars)                                       |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
|Non-GAAP Financial Measures:                                         |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
|In this release, the Company presents adjusted EBITDA, adjusted net  |
|income and adjusted net income per diluted share as supplemental     |
|measures of performance of the Company, which are not recognized     |
|under United States generally accepted accounting principals         |
|("GAAP"). The Company presents adjusted EBITDA, adjusted net income  |
|and adjusted net income per diluted share because it believes that   |
|they are important supplemental measures of its comparable           |
|controllable operating performance and it wants to ensure that its   |
|investors fully understand the impact of its variable share-based    |
|compensation, provision for arbitration award and deferred taxes on  |
|its net income. Management uses these measures to review operating   |
|performance on a comparable basis from period to period. However,    |
|these non-GAAP measures may not be comparable to similarly titled    |
|amounts reported by other companies. Adjusted EBITDA, adjusted net   |
|income and adjusted net income per diluted share should be considered|
|in addition to, and not as a substitute for, net income and other    |
|measures of financial performance reported in accordance with GAAP.  |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
|Adjusted EBITDA is calculated on a basis consistent with the         |
|Company's Credit Facility, which refers to Adjusted EBITDA as EBITDA.|
|As of December 31, 2012, the Credit Facility provided that the       |
|Company was required to maintain a ratio of funded debt (as defined  |
|in the Credit Agreement) to EBITDA (as defined in the Credit         |
|Agreement) of not more than 2:1. The Company was also required to    |
|maintain a Fixed Charge Coverage Ratio (as defined in the Credit     |
|Agreement) of not less than 1.1:1.0. As of December 31, 2012, under  |
|the terms of the Credit Facility, the Company was required to        |
|maintain minimum Excess Availability of not less than $5.0 million   |
|and minimum Cash and Excess Availability of not less than $15.0      |
|million. The ratio of funded debt to EBITDA was 0.10:1 as at December|
|31, 2012, where Funded Debt (as defined in the Credit Agreement) is  |
|the sum of all obligations evidenced by notes, bonds, debentures or  |
|similar instruments and was $11.0 million. EBITDA is calculated as   |
|follows:                                                             |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
||                |Quarter Ended December 31,||Year Ended December 31,|
||________________|__________________________||_______________________|
|                 |2012    ||2011(*)         ||2012     ||2011(*)     |
|_________________|________||________________||_________||____________|
|                 | |      ||                || |       ||            |
|_________________|_|______||________________||_|_______||____________|
|Net income       |$|12,883||$|6,258         ||$|41,337 ||$|15,260    |
|_________________|_|______||_|______________||_|_______||_|__________|
|Add (subtract):  | |      || |              || |       || |          |
|_________________|_|______||_|______________||_|_______||_|__________|
||Loss for        | |      || |              || |       || |          |
||equity-accounted| |324   || |479           || |1,362  || |1,791     |
||investments     | |      || |              || |       || |          |
||________________|_|______||_|______________||_|_______||_|__________|
||Provision for   | |3,595 || |2,860         || |15,079 || |9,293     |
||income taxes    | |      || |              || |       || |          |
||________________|_|______||_|______________||_|_______||_|__________|
||Interest        | |      || |              || |       || |          |
||(recovery)      | |(698) || |389           || |604    || |1,770     |
||expense net of  | |      || |              || |       || |          |
||interest income | |      || |              || |       || |          |
||________________|_|______||_|______________||_|_______||_|__________|
||Depreciation and| |      || |              || |       || |          |
||amortization    | |      || |              || |       || |          |
||including film  | |8,041 || |7,100         || |32,618 || |24,774    |
||asset           | |      || |              || |       || |          |
||amortization    | |      || |              || |       || |          |
||________________|_|______||_|______________||_|_______||_|__________|
||Write-downs net | |      || |              || |       || |          |
||of recoveries   | |      || |              || |       || |          |
||including asset | |      || |              || |       || |          |
||impairments and | |91    || |1,113         || |1,607  || |1,954     |
||                | |      || |              || |       || |          |
||receivable      | |      || |              || |       || |          |
||provisions      | |      || |              || |       || |          |
||________________|_|______||_|______________||_|_______||_|__________|
||Stock and other | |      || |              || |       || |          |
||non-cash        | |3,121 || |2,936         || |14,220 || |12,814    |
||compensation    | |      || |              || |       || |          |
||________________|_|______||_|______________||_|_______||_|__________|
||Adjusted EBITDA |$|27,357||$|21,135        ||$|106,827||$|67,657    |
||________________|_|______||_|______________||_|_______||_|__________| 
 _____________________________________________________________________
|IMAX CORPORATION                                                     |
|                                                                     |
|OTHER INFORMATION                                                    |
|                                                                     |
|(in thousands of U.S. dollars)                                       |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
|Adjusted Net Income and Adjusted Diluted Per Share Calculations      |
|– Quarter Ended December 31, 2012 vs. 2011:                    |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
|The Company reported net income of $12.9 million or $0.20 per basic  |
|share and $0.19 per diluted share for the fourth quarter of 2012 as  |
|compared to $6.3 million or $0.10 per basic share and $0.09 per      |
|diluted share for the fourth quarter of 2011. Net income for the     |
|quarter includes a $2.9 million charge or $0.04 per diluted share    |
|(2011 – $2.7 million or $0.04 per diluted share) for           |
|stock-based compensation. Adjusted net income, which consists of net |
|income excluding the impact of stock-based compensation and the      |
|related tax impact, was $15.7 million or $0.23 per diluted share in  |
|the fourth quarter of 2012 as compared to adjusted net income of $8.9|
|million or $0.13 per diluted share for the fourth quarter of 2011. A |
|reconciliation of net income, the most directly comparable U.S. GAAP |
|measure, to adjusted net income and adjusted net income per diluted  |
|share is presented in the table below:                               |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
||              |Three Months Ended     ||Three Months Ended          |
||______________|_______________________||____________________________|
||              |December 31, 2012      ||December 31, 2011(*)        |
||______________|_______________________||____________________________|
||              |Net Income||Diluted EPS||Net Income   ||Diluted EPS  |
||______________|__________||___________||_____________||_____________|
|Reported       |$|12,883  ||$|0.19     ||$|6,258      ||$|0.09       |
|_______________|_|________||_|_________||_|___________||_|___________|
|Adjustments:   | |        || |         || |           || |           |
|_______________|_|________||_|_________||_|___________||_|___________|
||Stock-based   | |2,861   || |0.04     || |2,708      || |0.04       |
||compensation  | |        || |         || |           || |           |
||______________|_|________||_|_________||_|___________||_|___________|
||Tax impact on | |        || |         || |           || |           |
||item listed   | |(77)    || |-        || |(113)      || |-          |
||above         | |        || |         || |           || |           |
||______________|_|________||_|_________||_|___________||_|___________|
|Adjusted       |$|15,667  ||$|0.23     ||$|8,853      ||$|0.13       |
|_______________|_|________||_|_________||_|___________||_|___________|
||              | |        || |         || |           || |           |
||______________|_|________||_|_________||_|___________||_|___________|
|Weighted       | |        || |         || |           || |           |
|average diluted| |        || |68,281   || |           || |67,460     |
|shares         | |        || |         || |           || |           |
|outstanding    | |        || |         || |           || |           |
|_______________|_|________||_|_________||_|___________||_|___________|
|                                                                     |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
|Adjusted Net Income and Adjusted Diluted Per Share Calculations      |
|– Year Ended December 31, 2012 vs. 2011:                       |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
|The Company reported net income of $41.3 million or $0.63 per basic  |
|share and $0.61 per diluted share for the year ended December 31,    |
|2012 as compared to net income of $15.3 million or $0.24 per basic   |
|share and $0.22 per diluted share for the year ended December 31,    |
|2011. Net income for the year ended December 31, 2012 includes a     |
|$13.1 million charge or 0.19 per diluted share (2011 — $11.7   |
|million or 0.17 per diluted share) for stock-based compensation. Net |
|income for December 31, 2011 also includes a one-time $2.1 million   |
|pre-tax charge ($0.03 per diluted share) due to an arbitration award |
|arising from an arbitration proceeding brought against the Company in|
|connection with a discontinued subsidiary. Adjusted net income, which|
|consists of net income excluding the impact of stock-based           |
|compensation, the charge for arbitration award and the related tax   |
|impact, was $54.3 million or $0.80 per diluted share for the year    |
|ended December 31, 2012 as compared to adjusted net income of $28.0  |
|million or $0.41 per diluted share for the year ended December 31,   |
|2011. A reconciliation of net income, the most directly comparable   |
|U.S. GAAP measure, to adjusted net income and adjusted net income per|
|diluted share is presented in the table below:                       |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
||              |Year Ended             ||Year Ended                  |
||______________|_______________________||____________________________|
||              |December 31, 2012      ||December 31, 2011(*)        |
||______________|_______________________||____________________________|
||              |Net Income||Diluted EPS||Net Income   ||Diluted EPS  |
||______________|__________||___________||_____________||_____________|
|Net income     |$|41,337  ||$|0.61     ||$|15,260     ||$|0.22       |
|_______________|_|________||_|_________||_|___________||_|___________|
|Adjustments:   | |        || |         || |           || |           |
|_______________|_|________||_|_________||_|___________||_|___________|
||Stock-based   | |13,113  || |0.19     || |11,681     || |0.17       |
||compensation  | |        || |         || |           || |           |
||______________|_|________||_|_________||_|___________||_|___________|
||Provision for | |        || |         || |           || |           |
||arbitration   | |-       || |-        || |2,055      || |0.03       |
||award         | |        || |         || |           || |           |
||______________|_|________||_|_________||_|___________||_|___________|
||Tax impact on | |        || |         || |           || |           |
||items listed  | |(160)   || |-        || |(973)      || |(0.01)     |
||above         | |        || |         || |           || |           |
||______________|_|________||_|_________||_|___________||_|___________|
|Adjusted net   |$|54,290  ||$|0.80     ||$|28,023     ||$|0.41       |
|income         | |        || |         || |           || |           |
|_______________|_|________||_|_________||_|___________||_|___________|
||              | |        || |         || |           || |           |
||______________|_|________||_|_________||_|___________||_|___________|
|Weighted       | |        || |         || |           || |           |
|average diluted| |        || |67,933   || |           || |67,859     |
|shares         | |        || |         || |           || |           |
|outstanding    | |        || |         || |           || |           |
|_______________|_|________||_|_________||_|___________||_|___________|
|                                                                     |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
|Free Cash Flow:                                                      |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
|Free cash flow is defined as cash provided by operating activities   |
|minus cash used in investing activities (from the consolidated       |
|statements of cash flows). Cash provided by operating activities     |
|consist of net income, plus depreciation and amortization, plus the  |
|change in deferred income taxes, plus other non-cash items, plus     |
|changes in working capital, less investment in film assets, plus     |
|other changes in operating assets and liabilities. Cash used in      |
|investing activities includes capital expenditures, acquisitions and |
|other cash used in investing activities. Management views free cash  |
|flow, a non-GAAP measure, as a measure of the Company's after-tax    |
|cash flow available to reduce debt, add to cash balances, and fund   |
|other financing activities. A reconciliation of cash provided by     |
|operating activities to free cash flow is presented in the table     |
|below:                                                               |
|_____________________________________________________________________|
|                                                                     |
|_____________________________________________________________________|
||              | |        || |         ||For the      ||For the( )   |
||______________|_|________||_|_________||_____________||_____________|
||              | |        || |         ||Quarter Ended||Year Ended( )|
||______________|_|________||_|_________||_____________||_____________|
|(In thousands  | |        || |         ||December 31, ||December 31, |
|of U.S.        | |        || |         ||2012         ||2012         |
|Dollars)       | |        || |         ||             ||             |
|_______________|_|________||_|_________||_____________||_____________|
|               | |        || |         || |           || |           |
|_______________|_|________||_|_________||_|___________||_|___________|
|Net cash       | |        || |         || |           || |           |
|provided by    | |        || |         ||$|19,720     ||$|73,630     |
|operating      | |        || |         || |           || |           |
|activities ( ) | |        || |         || |           || |           |
|_______________|_|________||_|_________||_|___________||_|___________|
|Net cash (used | |        || |         || |           || |           |
|in) investing  | |        || |         || |(12,319)   || |(35,519)   |
|activities     | |        || |         || |           || |           |
|_______________|_|________||_|_________||_|___________||_|___________|
|Free cash flow | |        || |         ||$|7,401      ||$|38,111     |
|_______________|_|________||_|_________||_|___________||_|___________| 
http://www.imax.com 
http://photos.prnewswire.com/prnh/20111107/MM01969LOGO 
PRN Photo Desk, photodesk@prnewswire.com 
SOURCE: IMAX Corporation 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/February2013/21/c7376.html 
CO: IMAX Corporation
ST: New York
NI: ENT FILM INTERNET ERN CONF  
-0- Feb/21/2013 11:42 GMT
 
 
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