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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

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

 

4. DIVIDENDS

Below is a summary of dividends declared for the fiscal periods indicated.

 

Date Declared

 

Date of Record

 

Date Paid

 

Amount per Common
Share (2)

 

Total Dividends (1)

02/03/12

  03/02/12   03/16/12   $0.21   $24,141

05/11/12

  06/04/12   06/19/12   $0.21   24,274

08/08/12

  08/21/12   09/05/12   $0.21   24,281

11/06/12

  11/21/12   12/07/12   $0.21   24,565
       

 

Total —Year ended December 31, 2012

  $97,261
       

 

02/12/13

  03/04/13   03/15/13   $0.21   $24,325

05/24/13

  06/06/13   06/20/13   $0.21   24,348

08/15/13

  08/28/13   09/12/13   $0.25   28,992

11/19/13

  12/02/13   12/11/13   $0.25   29,152
       

 

Total — Year ended December 31, 2013

  $106,817
       

 

02/14/14

  03/04/14   03/19/14   $0.25   $29,015

05/22/14

  06/06/14   06/20/14   $0.25   29,030

08/13/14

  08/28/14   09/12/14   $0.25   29,032

11/12/14

  12/02/14   12/11/14   $0.25   29,078
       

 

Total — Year ended December 31, 2014

  $116,155
       

 

 

(1) 

Of the dividends recorded during 2012, 2013 and 2014, $894, $772 and $530, respectively, were related to outstanding restricted stock units and will not be paid until such units vest. See Note 16.

(2) 

Beginning with the dividend declared on August 15, 2013, the Company’s board of directors raised the quarterly dividend to $0.25 per common share.

 

5. ACQUISITIONS AND DISPOSITIONS

Acquisition of Rave Theatres

On May 29, 2013, the Company acquired 32 theatres with 483 screens from Rave Real Property Holdco, LLC and certain of its subsidiaries, Rave Cinemas, LLC and RC Processing, LLC (collectively “Rave”) in an asset purchase for approximately $236,875 in cash plus the assumption of certain liabilities (the “Rave Acquisition”). The acquisition resulted in an expansion of the Company’s domestic theatre base into one new state and seven new markets. The transaction was subject to antitrust approval by the Department of Justice or Federal Trade Commission. The Department of Justice required the Company to agree to divest of three of the newly-acquired theatres, which occurred during August 2013 (see discussion below). The Company incurred approximately $500 in transaction costs, which are reflected in general and administrative expenses on the consolidated statement of income for the year ended December 31, 2013.

 

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