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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

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data, unaudited)

 

     September 30,
2015
    December 31,
2014
 

Assets

    

Current assets

    

Cash and cash equivalents

   $ 502,914      $ 638,869   

Inventories

     13,236        13,419   

Accounts receivable

     86,119        47,917   

Current income tax receivable

     2,562        19,350   

Current deferred tax asset

     9,279        10,518   

Prepaid expenses and other

     17,007        10,937   
  

 

 

   

 

 

 

Total current assets

     631,117        741,010   

Theatre properties and equipment

     2,612,286        2,549,092   

Less accumulated depreciation and amortization

     1,151,268        1,098,280   
  

 

 

   

 

 

 

Theatre properties and equipment, net

     1,461,018        1,450,812   

Other assets

    

Goodwill

     1,252,290        1,277,383   

Intangible assets - net

     341,764        348,024   

Investment in NCM

     186,663        178,939   

Investments in and advances to affiliates

     89,059        77,658   

Deferred charges and other assets - net

     82,345        78,154   
  

 

 

   

 

 

 

Total other assets

     1,952,121        1,960,158   
  

 

 

   

 

 

 

Total assets

   $ 4,044,256      $ 4,151,980   
  

 

 

   

 

 

 

Liabilities and equity

    

Current liabilities

    

Current portion of long-term debt

   $ 8,412      $ 8,423   

Current portion of capital lease obligations

     18,322        16,494   

Current income tax payable

     8,582        6,396   

Current liability for uncertain tax positions

     8,548        7,283   

Accounts payable and accrued expenses

     307,673        375,811   
  

 

 

   

 

 

 

Total current liabilities

     351,537        414,407   

Long-term liabilities

    

Long-term debt, less current portion

     1,809,306        1,814,574   

Capital lease obligations, less current portion

     197,590        201,978   

Long-term deferred tax liability

     128,119        140,973   

Long-term liability for uncertain tax positions

     7,625        8,410   

Deferred lease expenses

     43,418        46,003   

Deferred revenue - NCM

     344,313        335,219   

Other long-term liabilities

     66,242        67,287   
  

 

 

   

 

 

 

Total long-term liabilities

     2,596,613        2,614,444   

Commitments and contingencies (see Note 17)

    

Equity

    

Cinemark Holdings, Inc.’s stockholders’ equity:

    

Common stock, $0.001 par value: 300,000,000 shares authorized, 120,107,563 shares issued and 115,927,798 shares outstanding at September 30, 2015 and 119,757,582 shares issued and 115,700,447 shares outstanding at December 31, 2014

     120        120   

Additional paid-in-capital

     1,107,307        1,095,040   

Treasury stock, 4,179,765 and 4,057,135 shares, at cost, at September 30, 2015 and December 31, 2014, respectively

     (66,577     (61,807

Retained earnings

     296,157        224,219   

Accumulated other comprehensive loss

     (252,276     (144,772
  

 

 

   

 

 

 

Total Cinemark Holdings, Inc.’s stockholders’ equity

     1,084,731        1,112,800   

Noncontrolling interests

     11,375        10,329   
  

 

 

   

 

 

 

Total equity

     1,096,106        1,123,129   
  

 

 

   

 

 

 

Total liabilities and equity

   $ 4,044,256      $ 4,151,980   
  

 

 

   

 

 

 

The accompanying notes are an integral part of the condensed consolidated financial statements.

 

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