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SEC Filings

10-Q
CINEMARK HOLDINGS, INC. filed this Form 10-Q on 11/05/2015
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Table of Contents

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

 

5. Equity

Below is a summary of changes in stockholders’ equity attributable to Cinemark Holdings, Inc., noncontrolling interests and total equity for the nine months ended September 30, 2015 and 2014:

 

     Cinemark
Holdings, Inc.
Stockholders’
Equity
     Noncontrolling
Interests
     Total
Equity
 

Balance at January 1, 2015

   $ 1,112,800       $ 10,329       $ 1,123,129   

Share based awards compensation expense

     9,850         —           9,850   

Stock withholdings related to share based awards that vested during the nine months ended September 30, 2015

     (4,770      —           (4,770

Tax benefit related to share based awards vesting and dividends paid on unvested stock

     2,417         —           2,417   

Dividends paid to stockholders (1)

     (86,882      —           (86,882

Dividends accrued on unvested restricted stock unit awards (1)

     (298      —           (298

Dividends paid to noncontrolling interests

     —           (294      (294

Net income

     159,118         1,375         160,493   

Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $1,412

     2,379         —           2,379   

Fair value adjustments on available-for-sale securities, net of taxes of $998

     (1,680      —           (1,680

Other comprehensive loss in equity method investees

     (3,010      —           (3,010

Foreign currency translation adjustments

     (105,193      (35      (105,228
  

 

 

    

 

 

    

 

 

 

Balance at September 30, 2015

   $ 1,084,731       $ 11,375       $ 1,096,106   
  

 

 

    

 

 

    

 

 

 

 

(1)  Below is a summary of dividends paid to stockholders during the nine months ended September 30, 2015:

 

Declaration

Date

   Record
Date
   Date Paid    Amount per
Share of
Common
Stock
     Total Amount
Paid
 

02/17/15

   03/04/15    03/19/15    $ 0.25       $ 28,923   

05/18/15

   06/05/15    06/19/15    $ 0.25         28,977   

08/20/15

   08/31/15    09/11/15    $ 0.25         28,982   
        

 

 

    

 

 

 

Total

         $ 0.75       $ 86,882   
        

 

 

    

 

 

 

 

     Cinemark
Holdings, Inc.
Stockholders’
Equity
     Noncontrolling
Interests
     Total
Equity
 

Balance at January 1, 2014

   $ 1,093,422       $ 8,995       $ 1,102,417   

Share based awards compensation expense

     9,564         —           9,564   

Stock withholdings related to share based awards that vested during the nine months ended September 30, 2014

     (9,776      —           (9,776

Exercise of stock options

     112         —           112   

Tax benefit related to share based awards vesting and dividends paid on unvested stock

     3,569         —           3,569   

Dividends paid to stockholders (1)

     (86,700      —           (86,700

Dividends accrued on unvested restricted stock unit awards (1)

     (377      —           (377

Dividends paid to noncontrolling interests

     —           (221      (221

Net income

     145,303         1,059         146,362   

Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $1,287

     2,050         —           2,050   

Fair value adjustments on available-for-sale securities, net of taxes of $374

     641         —           641   

Other comprehensive income in equity method investments

     862         —           862   

Foreign currency translation adjustments

     (39,118      (3      (39,121
  

 

 

    

 

 

    

 

 

 

Balance at September 30, 2014

   $ 1,119,552       $ 9,830       $ 1,129,382   
  

 

 

    

 

 

    

 

 

 

 

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