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SEC Filings

10-K
CINEMARK HOLDINGS, INC. filed this Form 10-K on 02/23/2018
Entire Document
 

Securities Authorized for Issuance under Equity Compensation Plans

Information regarding securities authorized for issuance under the Company’s long-term compensation plan is incorporated by reference to the Company’s proxy statement for its annual stockholders meeting to be held on May 24, 2018 and to be filed with the SEC within 120 days after December 31, 2017.

Item 6. Selected Financial Data

The following table provides our selected consolidated financial and operating data for the periods and at the dates indicated for each of the five most recent years ended December 31, 2017. During May 2013, we acquired 32 theatres with 483 screens in the U.S. The results of operations for these theatres are included in our consolidated results of operations beginning on the dates of the respective acquisitions. During November 2013, we sold our Mexico theatres, which included 31 theatres and 290 screens. You should read the selected consolidated financial and operating data set forth below in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our audited consolidated financial statements and related notes appearing elsewhere in this report.

 

 

 

Year Ended December 31,

 

 

 

2013

 

 

2014

 

 

2015

 

 

2016

 

 

2017

 

Statement of Income Data:

 

(Dollars in thousands, except per share data)

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Admissions

 

$

1,706,145

 

 

$

1,644,169

 

 

$

1,765,519

 

 

$

1,789,137

 

 

$

1,794,982

 

Concession

 

 

845,168

 

 

 

845,376

 

 

 

936,970

 

 

 

990,103

 

 

 

1,038,788

 

Other

 

 

131,581

 

 

 

137,445

 

 

 

150,120

 

 

 

139,525

 

 

 

157,777

 

Total revenues

 

 

2,682,894

 

 

 

2,626,990

 

 

 

2,852,609

 

 

 

2,918,765

 

 

 

2,991,547

 

Film rentals and advertising

 

 

896,032

 

 

 

856,388

 

 

 

945,640

 

 

 

962,655

 

 

 

966,510

 

Concession supplies

 

 

135,715

 

 

 

131,985

 

 

 

144,270

 

 

 

154,469

 

 

 

166,320

 

Salaries and wages

 

 

269,353

 

 

 

273,880

 

 

 

301,099

 

 

 

325,765

 

 

 

354,510

 

Facility lease expense

 

 

307,851

 

 

 

317,096

 

 

 

319,761

 

 

 

321,294

 

 

 

328,197

 

Utilities and other

 

 

329,182

 

 

 

335,109

 

 

 

355,801

 

 

 

355,926

 

 

 

355,041

 

General and administrative expenses

 

 

165,351

 

 

 

151,444

 

 

 

156,736

 

 

 

143,355

 

 

 

153,278

 

Depreciation and amortization

 

 

163,970

 

 

 

175,656

 

 

 

189,206

 

 

 

209,071

 

 

 

237,513

 

Impairment of long-lived assets

 

 

3,794

 

 

 

6,647

 

 

 

8,801

 

 

 

2,836

 

 

 

15,084

 

(Gain) loss on sale of assets and other

 

 

(3,845

)

 

 

15,715

 

 

 

8,143

 

 

 

20,459

 

 

 

22,812

 

Total cost of operations

 

$

2,267,403

 

 

$

2,263,920

 

 

$

2,429,457

 

 

$

2,495,830

 

 

$

2,599,265

 

Operating income

 

$

415,491

 

 

$

363,070

 

 

$

423,152

 

 

$

422,935

 

 

$

392,282

 

Interest expense

 

$

124,714

 

 

$

113,698

 

 

$

112,741

 

 

$

108,313

 

 

$

105,918

 

Net income

 

$

150,548

 

 

$

193,999

 

 

$

218,728

 

 

$

256,827

 

 

$

266,019

 

Net income attributable to Cinemark Holdings, Inc.

 

$

148,470

 

 

$

192,610

 

 

$

216,869

 

 

$

255,091

 

 

$

264,180

 

Net income attributable to Cinemark Holdings, Inc. per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.28

 

 

$

1.66

 

 

$

1.87

 

 

$

2.19

 

 

$

2.26

 

Diluted

 

$

1.28

 

 

$

1.66

 

 

$

1.87

 

 

$

2.19

 

 

$

2.26

 

Cash dividends declared per common share

 

$

0.92

 

 

$

1.00

 

 

$

1.00

 

 

$

1.08

 

 

$

1.16

 

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