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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

 

Below is a summary of the impact of translating the September 30, 2015 financial statements of the Company’s international subsidiaries:

 

     Exchange Rate as of     

Other

Comprehensive

Loss for The

Nine Months Ended

 

Country

   September 30, 2015      December 31, 2014      September 30, 2015  

Brazil

     4.10         2.69       $ (80,333

Colombia

     3,121.9         2,392.4         (7,777

Argentina

     9.42         8.55         (7,530

Chile

     704.65         606.23         (6,153

All other

           (3,400
        

 

 

 
         $ (105,193
        

 

 

 

 

14. Supplemental Cash Flow Information

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

 

     Nine Months Ended
September 30,
 
     2015      2014  

Cash paid for interest

   $ 65,439       $ 65,487   

Cash paid for income taxes, net of refunds received

   $ 80,723       $ 99,636   

Noncash investing and financing activities:

     

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

   $ (1,072    $ (934

Theatre properties acquired under capital lease

   $ 20,914       $ 10,419   

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

   $ 15,421       $ 8,216   

Dividends accrued on unvested restricted stock unit awards

   $ (298    $ (377

 

(1)  Additions to theatre properties and equipment included in accounts payable as of September 30, 2015 and December 31, 2014 were $14,307 and $13,235, respectively.

 

15. Segments

The Company manages its international market and its U.S. market as separate reportable operating segments, with the international segment consisting of operations in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia and Curacao. Each segment’s revenue is derived from admissions and concession sales and other ancillary revenues, primarily screen advertising. The measure of segment profit and loss the Company uses to evaluate performance and allocate its resources is Adjusted EBITDA, as defined in the reconciliation table below. The Company does not report asset information by segment because that information is not used to evaluate the performance of or allocate resources between segments.

 

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