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SEC Filings

10-Q
CINEMARK HOLDINGS, INC. filed this Form 10-Q on 11/05/2015
Entire Document
 


Table of Contents

Results of Operations

The following table sets forth, for the periods indicated, certain operating data and the percentage of revenues represented by certain items reflected in our condensed consolidated statements of income.

 

     Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
     2015     2014     2015     2014  

Operating data (in millions):

        

Revenues

        

Admissions

   $ 432.2      $ 402.9      $ 1,335.8      $ 1,239.5   

Concession

     230.2        211.1        704.2        630.6   

Other

     37.7        32.9        105.4        97.0   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total revenues

   $ 700.1      $ 646.9      $ 2,145.4      $ 1,967.1   

Cost of operations

        

Film rentals and advertising

     236.4        215.5        737.4        665.4   

Concession supplies

     36.0        33.5        109.4        98.9   

Salaries and wages

     76.6        67.9        222.3        202.2   

Facility lease expense

     80.6        80.6        242.6        239.6   

Utilities and other

     84.6        79.5        245.1        234.0   

General and administrative expenses

     39.1        35.8        116.3        114.9   

Depreciation and amortization

     47.5        44.7        139.4        131.1   

Impairment of long-lived assets

     0.6        4.5        4.9        5.3   

(Gain) loss on sale of assets and other

     (0.5     2.6        3.9        8.7   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total cost of operations

     600.9        564.6        1,821.3        1,700.1   
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating income

   $ 99.2      $ 82.3      $ 324.1      $ 267.0   
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating data as a percentage of total revenues:

        

Revenues

        

Admissions

     61.7     62.3     62.3     63.0

Concession

     32.9     32.6     32.8     32.1

Other

     5.4     5.1     4.9     4.9
  

 

 

   

 

 

   

 

 

   

 

 

 

Total revenues

     100.0     100.0     100.0     100.0
  

 

 

   

 

 

   

 

 

   

 

 

 

Cost of operations (1)

        

Film rentals and advertising

     54.7     53.5     55.2     53.7

Concession supplies

     15.6     15.9     15.5     15.7

Salaries and wages

     10.9     10.5     10.4     10.3

Facility lease expense

     11.5     12.5     11.3     12.2

Utilities and other

     12.1     12.3     11.4     11.9

General and administrative expenses

     5.6     5.5     5.4     5.8

Depreciation and amortization

     6.8     6.9     6.5     6.7

Impairment of long-lived assets

     0.1     0.7     0.2     0.3

(Gain) loss on sale of assets and other

     (0.1 )%      0.4     0.2     0.4

Total cost of operations

     85.8     87.3     84.9     86.4

Operating income

     14.2     12.7     15.1     13.6
  

 

 

   

 

 

   

 

 

   

 

 

 

Average screen count (month end average)

     5,743        5,622        5,710        5,602   
  

 

 

   

 

 

   

 

 

   

 

 

 

Revenues per average screen (dollars)

   $ 121,066      $ 115,066      $ 375,724      $ 351,133   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1)  All costs are expressed as a percentage of total revenues, except film rentals and advertising, which are expressed as a percentage of admissions revenues and concession supplies, which are expressed as a percentage of concession revenues.

 

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