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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

 

 

(1) 

Amounts include the per patron and per digital screen theatre access fees due to the Company, net of amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire. The amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire were approximately $11,063, $11,958 and $11,489 for the years ended December 31, 2012, 2013 and 2014, respectively.

(2) 

A portion of the equity in earnings recorded for the year ended December 31, 2013 was recorded as a reduction in our investment basis in a joint venture (AC JV, LLC) that the Company, along with Regal and AMC, recently formed with NCM. See Note 7.

The tables below present summary financial information for NCM for the periods indicated:

 

     Year Ended  
     December 27, 2012      December 26, 2013      January 1, 2015  

Gross revenues

   $ 448,760       $ 462,815       $ 393,994   

Operating income

   $ 191,839       $ 202,019       $ 159,624   

Net income

   $ 101,013       $ 162,870       $ 96,309   

 

     As of  
     December 26, 2013      January 1, 2015  

Total assets

   $ 699,160       $ 681,107   

Total liabilities

   $ 998,381       $ 998,529   

 

7. OTHER INVESTMENTS

The Company had the following other investments at December 31:

 

     2013      2014  

Digital Cinema Implementation Partners (“DCIP”), equity method investment

   $ 38,033       $ 51,277   

RealD, Inc. (“RealD”), investment in marketable security

     10,443         14,429   

AC JV, LLC, equity method investment

     6,426         7,899   

Digital Cinema Distribution Coalition (“DCDC”), equity method investment

     2,589         2,438   

Other

     2,166         1,615   
  

 

 

    

 

 

 

Total

   $ 59,657       $ 77,658   
  

 

 

    

 

 

 

 

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