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SEC Filings

10-Q
CINEMARK HOLDINGS, INC. filed this Form 10-Q on 05/10/2016
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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

 

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 Company uses Adjusted EBITDA, as shown in the reconciliation table below, as the measure of segment profit and loss to evaluate performance and allocate its resources. 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.

Below is a breakdown of selected financial information by reportable operating segment:

 

     Three Months Ended
March 31,
 
     2016      2015  

Revenues

     

U.S.

   $ 543,915       $ 474,295   

International

     164,175         174,333   

Eliminations

     (3,221      (3,230
  

 

 

    

 

 

 

Total revenues

   $ 704,869       $ 645,398   
  

 

 

    

 

 

 

Adjusted EBITDA (1)

     

U.S.

   $ 143,633       $ 114,371   

International

     41,014         40,014   
  

 

 

    

 

 

 

Total Adjusted EBITDA

   $ 184,647       $ 154,385   
  

 

 

    

 

 

 

Capital expenditures

     

U.S.

   $ 41,198       $ 74,267   

International

     6,547         11,480   
  

 

 

    

 

 

 

Total capital expenditures

   $ 47,745       $ 85,747   
  

 

 

    

 

 

 

 

(1)  Distributions from equity method investees are reported entirely within the U.S. operating segment.

 

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