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SEC Filings

10-K
CINEMARK HOLDINGS, INC. filed this Form 10-K on 02/27/2015
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Table of Contents

Performance Graph

Incorporated by reference to the Company’s proxy statement for its annual stockholders meeting to be held on June 4, 2015 and to be filed with the SEC within 120 days after December 31, 2014.

Securities Authorized for Issuance under Equity Compensation Plans

Information regarding securities authorized for issuance under the Company’s long-term compensation plan is incorporated by reference to the Company’s proxy statement for its annual stockholders meeting to be held on June 4, 2015 and to be filed with the SEC within 120 days after December 31, 2014.

Item 6. Selected Financial Data

The following table provides our selected consolidated financial and operating data for the periods and at the dates indicated for each of the five most recent years ended December 31, 2014. During August 2011, we acquired ten theatres with 95 screens in Argentina. During May 2013, we acquired 32 theatres with 483 screens in the U.S. The results of operations for these theatres are included in our consolidated results of operations beginning on the dates of the respective acquisitions. During November 2013, we sold our Mexico theatres, which included 31 theatres and 290 screens. You should read the selected consolidated financial and operating data set forth below in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our audited consolidated financial statements and related notes appearing elsewhere in this report.

 

     Year Ended December 31,  
     2010     2011      2012      2013     2014  
     (Dollars in thousands, except per share data)  

Statement of Income Data:

  

Revenues:

            

Admissions

   $ 1,405,389      $ 1,471,627       $ 1,580,401       $ 1,706,145      $ 1,644,169   

Concession

     642,326        696,754         771,405         845,168        845,376   

Other

     93,429        111,232         121,725         131,581        137,445   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total revenues

     2,141,144        2,279,613         2,473,531         2,682,894        2,626,990   

Film rentals and advertising

     769,698        798,606         845,107         919,511        883,052   

Concession supplies

     97,484        112,122         123,471         135,715        131,985   

Salaries and wages

     221,246        226,475         247,468         269,353        273,880   

Facility lease expense

     255,717        276,278         281,615         307,851        317,096   

Utilities and other

     239,470        259,703         280,670         305,703        308,445   

General and administrative expenses

     109,045        127,621         148,624         165,351        151,444   

Depreciation and amortization

     143,508        154,449         147,675         163,970        175,656   

Impairment of long-lived assets

     12,538        7,033         3,031         3,794        6,647   

(Gain) loss on sale of assets and other

     (431     8,792         12,168         (3,845     15,715   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total cost of operations

   $ 1,848,275      $ 1,971,079       $ 2,089,829       $ 2,267,403      $ 2,263,920   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Operating income

   $ 292,869      $ 308,534       $ 383,702       $ 415,491      $ 363,070   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Interest expense

   $ 112,444      $ 123,102       $ 123,665       $ 124,714      $ 113,698   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Net income

   $ 149,663      $ 132,582       $ 171,420       $ 150,548      $ 193,999   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Net income attributable to Cinemark Holdings, Inc.

   $ 146,120      $ 130,557       $ 168,949       $ 148,470      $ 192,610   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Net income attributable to Cinemark Holdings, Inc. per share:

            

Basic

   $ 1.30      $ 1.15       $ 1.47       $ 1.28      $ 1.66   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Diluted

   $ 1.29      $ 1.14       $ 1.47       $ 1.28      $ 1.66   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Cash dividends declared per common share

   $ 0.75      $ 0.84       $ 0.84       $ 0.92      $ 1.00   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

 

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