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SEC Filings

10-Q
CINEMARK HOLDINGS, INC. filed this Form 10-Q on 08/09/2016
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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

 

14. 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, Curacao and Paraguay. Each segment’s revenue is derived from admissions and concession sales and other ancillary revenues. The Company uses Adjusted EBITDA, as shown in the reconciliation table below, as the primary 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
June 30,
     Six Months Ended
June 30,
 
     2016      2015      2016      2015  

Revenues

           

U.S.

   $ 560,534       $ 592,482       $ 1,104,449       $ 1,066,777   

International

     187,561         211,505         351,736         385,838   

Eliminations

     (3,691      (4,055      (6,912      (7,285
  

 

 

    

 

 

    

 

 

    

 

 

 

Total revenues

   $ 744,404       $ 799,932       $ 1,449,273       $ 1,445,330   
  

 

 

    

 

 

    

 

 

    

 

 

 

Adjusted EBITDA(1)

           

U.S.

   $ 127,845       $ 144,649       $ 271,478       $ 259,020   

International

     40,550         49,849         81,564         89,863   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Adjusted EBITDA

   $ 168,395       $ 194,498       $ 353,042       $ 348,883   
  

 

 

    

 

 

    

 

 

    

 

 

 

Capital expenditures

           

U.S.

   $ 58,182       $ 43,947       $ 99,380       $ 118,214   

International

     25,597         26,018         32,144         37,498   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total capital expenditures

   $ 83,779       $ 69,965       $ 131,524       $ 155,712   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)  Distributions from NCM and other cash distributions from equity investees are reported entirely within the U.S. operating segment.

 

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