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SEC Filings

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

Results of Operations

The following table sets forth, for the periods indicated, the amounts for certain items reflected in our consolidated statements of income along with each of those items as a percentage of revenues.

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2016

 

 

2017

 

Operating data (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Admissions

 

$

1,765.5

 

 

$

1,789.2

 

 

$

1,795.0

 

Concession

 

 

937.0

 

 

 

990.1

 

 

 

1,038.8

 

Other

 

 

150.1

 

 

 

139.5

 

 

 

157.8

 

Total revenues

 

$

2,852.6

 

 

$

2,918.8

 

 

$

2,991.6

 

Cost of operations

 

 

 

 

 

 

 

 

 

 

 

 

Film rentals and advertising

 

 

945.6

 

 

 

962.7

 

 

 

966.5

 

Concession supplies

 

 

144.3

 

 

 

154.5

 

 

 

166.3

 

Salaries and wages

 

 

301.1

 

 

 

325.8

 

 

 

354.5

 

Facility lease expense

 

 

319.7

 

 

 

321.3

 

 

 

328.2

 

Utilities and other

 

 

355.9

 

 

 

355.9

 

 

 

355.0

 

General and administrative expenses

 

 

156.7

 

 

 

143.4

 

 

 

153.3

 

Depreciation and amortization

 

 

189.2

 

 

 

209.1

 

 

 

237.5

 

Impairment of long-lived assets

 

 

8.8

 

 

 

2.8

 

 

 

15.1

 

Loss on sale of assets and other

 

 

8.1

 

 

 

20.4

 

 

 

22.8

 

Total cost of operations

 

 

2,429.4

 

 

 

2,495.9

 

 

 

2,599.2

 

Operating income

 

$

423.2

 

 

$

422.9

 

 

$

392.4

 

Operating data as a percentage of total revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Admissions

 

 

61.9

%

 

 

61.3

%

 

 

60.0

%

Concession

 

 

32.8

%

 

 

33.9

%

 

 

34.7

%

Other

 

 

5.3

%

 

 

4.8

%

 

 

5.3

%

Total revenues

 

 

100.0

%

 

 

100.0

%

 

 

100.0

%

Cost of operations (1)

 

 

 

 

 

 

 

 

 

 

 

 

Film rentals and advertising

 

 

53.6

%

 

 

53.8

%

 

 

53.8

%

Concession supplies

 

 

15.4

%

 

 

15.6

%

 

 

16.0

%

Salaries and wages

 

 

10.6

%

 

 

11.2

%

 

 

11.9

%

Facility lease expense

 

 

11.2

%

 

 

11.0

%

 

 

11.0

%

Utilities and other

 

 

12.5

%

 

 

12.2

%

 

 

11.9

%

General and administrative expenses

 

 

5.5

%

 

 

4.9

%

 

 

5.1

%

Depreciation and amortization

 

 

6.6

%

 

 

7.2

%

 

 

7.9

%

Impairment of long-lived assets

 

 

0.3

%

 

 

0.1

%

 

 

0.5

%

Loss on sale of assets and other

 

 

0.3

%

 

 

0.7

%

 

 

0.8

%

Total cost of operations

 

 

85.2

%

 

 

85.5

%

 

 

86.9

%

Operating income

 

 

14.8

%

 

 

14.5

%

 

 

13.1

%

Average screen count (month end average)

 

 

5,725

 

 

 

5,856

 

 

 

5,925

 

Average operating screen count (month end average)

 

 

5,692

 

 

 

5,767

 

 

 

5,777

 

Revenues per average screen (dollars)

 

$

498,272

 

 

$

498,423

 

 

$

504,902

 

 

(1)

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.

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