Print Page  |  Close Window

SEC Filings

10-Q
CINEMARK HOLDINGS, INC. filed this Form 10-Q on 05/10/2016
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  
Operating data (in millions):    March 31,  
Revenues    2016     2015  

Admissions

   $ 435.8      $ 400.7   

Concession

     237.8        214.4   

Other

     31.3        30.3   
  

 

 

   

 

 

 

Total revenues

   $ 704.9      $ 645.4   

Cost of operations

    

Film rentals and advertising (1)

     232.9        207.7   

Concession supplies

     35.9        32.5   

Salaries and wages

     75.1        69.2   

Facility lease expense

     78.8        79.6   

Utilities and other (1)

     81.4        83.4   

General and administrative expenses

     37.9        37.9   

Depreciation and amortization

     49.3        45.3   

Impairment of long-lived assets

     0.5        0.8   

Gain on sale of assets and other

     (1.8     (1.4
  

 

 

   

 

 

 

Total cost of operations

     590.0        555.0   
  

 

 

   

 

 

 

Operating income

   $ 114.9      $ 90.4   
  

 

 

   

 

 

 

Operating data as a percentage of total revenues:

    

Revenues

    

Admissions

     61.8     62.1

Concession

     33.7     33.2

Other

     4.5     4.7
  

 

 

   

 

 

 

Total revenues

     100.0     100.0
  

 

 

   

 

 

 

Cost of operations (2)

    

Film rentals and advertising

     53.4     51.8

Concession supplies

     15.1     15.2

Salaries and wages

     10.7     10.7

Facility lease expense

     11.2     12.3

Utilities and other

     11.5     12.9

General and administrative expenses

     5.4     5.9

Depreciation and amortization

     7.0     7.0

Impairment of long-lived assets

     0.1     0.1

Gain on sale of assets and other

     (0.3 )%      (0.2 )% 

Total cost of operations

     83.7     86.0

Operating income

     16.3     14.0
  

 

 

   

 

 

 

Average screen count (month end average)

     5,805        5,677   
  

 

 

   

 

 

 

Revenues per average screen (dollars)

   $ 121,424      $ 113,686   
  

 

 

   

 

 

 

 

(1)  We have reclassified approximately $8.0 million of expenses from film rentals and advertising to utilities and other for the three months ended March 31, 2015 to be consistent with the presentation for the three months ended March 31, 2016.
(2)  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.

 

27