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SEC Filings

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

 

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EQUITY

YEARS ENDED DECEMBER 31, 2015, 2016 AND 2017

(in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

Cinemark

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

 

Treasury Stock

 

 

Additional

 

 

 

 

 

 

Other

 

 

Holdings, Inc.'s

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

 

 

 

 

Shares

 

 

 

 

 

 

Paid-in-

 

 

Retained

 

 

Comprehensive

 

 

Stockholders'

 

 

Noncontrolling

 

 

Total

 

 

 

Issued

 

 

Amount

 

 

Acquired

 

 

Amount

 

 

Capital

 

 

Earnings

 

 

Loss

 

 

Equity

 

 

Interests

 

 

Equity

 

Balance at January 1, 2015

 

 

119,758

 

 

$

120

 

 

 

(4,057

)

 

$

(61,807

)

 

$

1,095,040

 

 

$

224,219

 

 

$

(144,772

)

 

$

1,112,800

 

 

$

10,329

 

 

$

1,123,129

 

Issuance of restricted stock

 

 

226

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuance of stock upon vesting of restricted stock units

 

 

124

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock forfeitures and stock withholdings related to share based awards that vested during the year ended December 31, 2015

 

 

 

 

 

 

 

 

(127

)

 

 

(4,770

)

 

 

 

 

 

 

 

 

 

 

 

(4,770

)

 

 

 

 

 

(4,770

)

Share based awards compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15,758

 

 

 

 

 

 

 

 

 

15,758

 

 

 

 

 

 

15,758

 

Tax benefit related to share based award vestings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,421

 

 

 

 

 

 

 

 

 

2,421

 

 

 

 

 

 

2,421

 

Dividends paid to stockholders, $1.00 per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(115,863

)

 

 

 

 

 

(115,863

)

 

 

 

 

 

(115,863

)

Dividends accrued on unvested restricted stock unit awards

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(593

)

 

 

 

 

 

(593

)

 

 

 

 

 

(593

)

Dividends paid to noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,045

)

 

 

(1,045

)

Net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

216,869

 

 

 

 

 

 

216,869

 

 

 

1,859

 

 

 

218,728

 

Other comprehensive loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(126,914

)

 

 

(126,914

)

 

 

(38

)

 

 

(126,952

)

Balance at December 31, 2015

 

 

120,108

 

 

$

120

 

 

 

(4,184

)

 

$

(66,577

)

 

$

1,113,219

 

 

$

324,632

 

 

$

(271,686

)

 

$

1,099,708

 

 

$

11,105

 

 

$

1,110,813

 

Issuance of restricted stock

 

 

334

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

 

 

 

1

 

Issuance of stock upon vesting of restricted stock units

 

 

215

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock forfeitures and stock withholdings related to share based awards that vested during the year ended December 31, 2016

 

 

 

 

 

 

 

 

(263

)

 

 

(6,834

)

 

 

 

 

 

 

 

 

 

 

 

(6,834

)

 

 

 

 

 

(6,834

)

Share based awards compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13,394

 

 

 

 

 

 

 

 

 

13,394

 

 

 

 

 

 

13,394

 

Tax benefit related to share based award vestings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,856

 

 

 

 

 

 

 

 

 

1,856

 

 

 

 

 

 

1,856

 

Dividends paid to stockholders, $1.08 per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(125,490

)

 

 

 

 

 

(125,490

)

 

 

 

 

 

(125,490

)

Dividends accrued on unvested restricted stock unit awards

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(554

)

 

 

 

 

 

(554

)

 

 

 

 

 

(554

)

Dividends paid to noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

(1,309

)

 

 

(1,309

)

Buyout of noncontrolling interests' share of Chilean subsidiary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(27

)

 

 

 

 

 

 

 

 

(27

)

 

 

(423

)

 

 

(450

)

Gain realized on available-for-sale securities, net of taxes of $1,180

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2,011

)

 

 

(2,011

)

 

 

-

 

 

 

(2,011

)

Net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

255,091

 

 

 

 

 

 

255,091

 

 

 

1,736

 

 

 

256,827

 

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

26,684

 

 

 

26,684

 

 

 

33

 

 

 

26,717

 

Balance at December 31, 2016

 

 

120,657

 

 

$

121

 

 

 

(4,447

)

 

$

(73,411

)

 

$

1,128,442

 

 

$

453,679

 

 

$

(247,013

)

 

$

1,261,818

 

 

$

11,142

 

 

$

1,272,960

 

Issuance of restricted stock

 

 

247

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuance of stock upon vesting of restricted stock units

 

 

97

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock forfeitures and stock withholdings related to share based awards that vested during the year ended December 31, 2017

 

 

 

 

 

 

 

 

(79

)

 

 

(2,943

)

 

 

 

 

 

 

 

 

 

 

 

(2,943

)

 

 

 

 

 

(2,943

)

Share based awards compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12,681

 

 

 

 

 

 

 

 

 

12,681

 

 

 

 

 

 

12,681

 

Tax expense related to share based award vestings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(35

)

 

 

 

 

 

 

 

 

(35

)

 

 

 

 

 

(35

)

Dividends paid to stockholders, $1.16 per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(135,079

)

 

 

 

 

 

(135,079

)

 

 

 

 

 

(135,079

)

Dividends accrued on unvested restricted stock unit awards

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(558

)

 

 

 

 

 

(558

)

 

 

 

 

 

(558

)

Dividends paid to noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,088

)

 

 

(1,088

)

Net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

264,180

 

 

 

 

 

 

264,180

 

 

 

1,839

 

 

 

266,019

 

Reclassification of cumulative translation adjustments for a former Canadian subsidiary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,551

)

 

 

(1,551

)

 

 

 

 

 

(1,551

)

Other comprehensive loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4,718

)

 

 

(4,718

)

 

 

 

 

 

(4,718

)

Balance at December 31, 2017

 

 

121,001

 

 

$

121

 

 

 

(4,526

)

 

$

(76,354

)

 

$

1,141,088

 

 

$

582,222

 

 

$

(253,282

)

 

$

1,393,795

 

 

$

11,893

 

 

$

1,405,688

 

 

The accompanying notes are an integral part of the consolidated financial statements.

 

F-6