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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

 

17. SUPPLEMENTAL CASH FLOW INFORMATION

The following is provided as supplemental information to the consolidated statements of cash flows:

 

     Year Ended December 31,  
     2012     2013     2014  

Cash paid for interest

   $ 117,172      $ 116,890      $ 107,926   

Cash paid for income taxes, net of refunds received

   $ 89,034      $ 136,124      $ 122,972   

Noncash investing and financing activities:

      

Change in accounts payable and accrued expenses for the acquisition of theatre properties and equipment (1)

   $ (13,827   $ 7,325      $ 1,225   

Theatre properties and equipment acquired under capital lease

   $ 18,754      $ 69,541      $ 19,908   

Investment in NCM—receipt of common units (see Note 6)

   $ 9,137      $ 98,797      $ 8,216   

Dividends accrued on unvested restricted stock unit awards

   $ (894   $ (772   $ (530

Investment in AC JV, LLC (see Note 7)

   $ —        $ 8,333      $ —     

Issuance of promissory note related to investment in AC JV, LLC (see Note 7)

   $ —        $ (8,333   $ —     

 

(1) 

Additions to theatre properties and equipment included in accounts payable as of December 31, 2013 and 2014 were $12,010 and $13,235, respectively.

 

18. INCOME TAXES

Income before income taxes consisted of the following:

 

     Year Ended December 31,  
     2012      2013      2014  

Income before income taxes:

        

U.S.

   $ 183,207       $ 162,687       $ 205,521   

Foreign

     113,611         101,177         84,542   
  

 

 

    

 

 

    

 

 

 

Total

   $ 296,818       $ 263,864       $ 290,063   
  

 

 

    

 

 

    

 

 

 

Current and deferred income taxes were as follows:

 

     Year Ended December 31,  
     2012      2013      2014  

Current:

        

Federal

   $ 55,399       $ 97,467       $ 61,732   

Foreign

     53,964         42,690         27,681   

State

     8,494         10,951         6,125   
  

 

 

    

 

 

    

 

 

 

Total current expense

     117,857         151,108       $ 95,538   
  

 

 

    

 

 

    

 

 

 

Deferred:

        

Federal

     12,096         (30,833    $ 6,322   

Foreign

     (6,007      2,653         (6,437

State

     1,452         (9,612      641   
  

 

 

    

 

 

    

 

 

 

Total deferred taxes

     7,541         (37,792      526   
  

 

 

    

 

 

    

 

 

 

Income taxes

   $ 125,398       $ 113,316       $ 96,064   
  

 

 

    

 

 

    

 

 

 

 

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