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SEC Filings

10-K
CINEMARK HOLDINGS, INC. filed this Form 10-K on 02/27/2015
Entire Document
 


Table of Contents

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

 

     December 31,
2013
    December 31,
2014
 

Assets

    

Current assets

    

Cash and cash equivalents

   $ 599,929      $ 638,869   

Inventories

     13,735        13,419   

Accounts receivable

     81,519        47,917   

Current income tax receivable

     669        19,350   

Current deferred tax asset

     18,807        10,518   

Prepaid expenses and other

     14,940        10,937   
  

 

 

   

 

 

 

Total current assets

     729,599        741,010   

Theatre properties and equipment

    

Land

     95,411        95,699   

Buildings

     414,838        416,680   

Property under capital lease

     299,322        313,277   

Theatre furniture and equipment

     806,601        878,453   

Leasehold interests and improvements

     786,624        844,983   
  

 

 

   

 

 

 

Total

     2,402,796        2,549,092   

Less accumulated depreciation and amortization

     975,606        1,098,280   
  

 

 

   

 

 

 

Theatre properties and equipment, net

     1,427,190        1,450,812   

Other assets

    

Goodwill

     1,288,090        1,277,383   

Intangible assets —net

     356,144        348,024   

Investment in NCM

     178,853        178,939   

Investments in and advances to affiliates

     59,657        77,658   

Long-term deferred tax asset

     330        164   

Deferred charges and other assets —net

     104,300        77,990   
  

 

 

   

 

 

 

Total other assets

     1,987,374        1,960,158   
  

 

 

   

 

 

 

Total assets

   $ 4,144,163      $ 4,151,980   
  

 

 

   

 

 

 

Liabilities and equity

    

Current liabilities

    

Current portion of long-term debt

   $ 9,856      $ 8,423   

Current portion of capital lease obligations

     13,847        16,494   

Current income tax payable

     22,081        6,396   

Current deferred tax liability

     71        75   

Current liability for uncertain tax positions

     963        7,283   

Accounts payable

     93,697        119,172   

Accrued film rentals

     79,417        86,250   

Accrued payroll

     41,639        37,457   

Accrued other current liabilities

     134,141        132,857   
  

 

 

   

 

 

 

Total current liabilities

     395,712        414,407   

Long-term liabilities

    

Long-term debt, less current portion

     1,822,944        1,814,574   

Capital lease obligations, less current portion

     202,509        201,978   

Long-term deferred tax liability

     148,746        140,973   

Long-term liability for uncertain tax positions

     19,167        8,410   

Deferred lease expenses

     43,552        46,003   

Deferred revenue — NCM

     334,429        335,219   

Other long-term liabilities

     74,687        67,287   
  

 

 

   

 

 

 

Total long-term liabilities

     2,646,034        2,614,444   

Commitments and contingencies (see Note 19)

    

Equity

    

Cinemark Holdings, Inc.’s stockholders’ equity

    

Common stock, $0.001 par value: 300,000,000 shares authorized;

    

119,077,473 shares issued and 115,382,538 shares outstanding at December 31, 2013 and 119,757,582 shares issued and 115,700,447 shares outstanding at December 31, 2014

     119        120   

Additional paid-in-capital

     1,079,304        1,095,040   

Treasury stock, 3,694,935 and 4,057,135 common shares at cost at December 31, 2013 and December 31, 2014, respectively

     (51,946     (61,807

Retained earnings

     147,764        224,219   

Accumulated other comprehensive loss

     (81,819     (144,772
  

 

 

   

 

 

 

Total Cinemark Holdings, Inc.’s stockholders’ equity

     1,093,422        1,112,800   

Noncontrolling interests

     8,995        10,329   
  

 

 

   

 

 

 

Total equity

     1,102,417        1,123,129   
  

 

 

   

 

 

 

Total liabilities and equity

   $ 4,144,163      $ 4,151,980   
  

 

 

   

 

 

 

The accompanying notes are an integral part of the consolidated financial statements.

 

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