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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.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

 

The tables below present summary financial information for NCM for the periods indicated (financial information for NCM’s fiscal year ended December 29, 2017 is not yet available):

 

 

 

Year Ended

 

 

Year Ended

 

 

Nine Months Ended

 

 

 

December 31, 2015

 

 

December 29, 2016

 

 

September 28, 2017

 

Revenues

 

$

446,500

 

 

$

447,600

 

 

$

285,400

 

Operating income

 

$

140,500

 

 

$

173,000

 

 

$

83,700

 

Net income

 

$

87,500

 

 

$

109,300

 

 

$

44,800

 

 

 

 

As of

 

 

As of

 

 

 

December 29,

2016

 

 

September 28,

2017

 

Current assets

 

$

180,900

 

 

$

130,100

 

Noncurrent assets

 

$

607,600

 

 

$

776,900

 

Current liabilities

 

$

121,100

 

 

$

96,700

 

Noncurrent liabilities

 

$

924,300

 

 

$

910,800

 

Members' deficit

 

$

(256,900

)

 

$

(100,500

)

 

6.

OTHER INVESTMENTS

Below is a summary of activity for each of the Company’s other investments for the periods indicated:

 

 

 

DCIP

 

 

RealD

 

 

AC JV,

LLC

 

 

DCDC

 

 

Other

 

 

Total

 

Balance at December 31, 2014

 

$

51,277

 

 

$

14,429

 

 

$

7,899

 

 

$

2,438

 

 

$

1,615

 

 

$

77,658

 

Cash contributions

 

 

3,211

 

 

 

 

 

 

 

 

 

 

 

 

500

 

 

 

3,711

 

Equity in income

 

 

18,522

 

 

 

 

 

 

970

 

 

 

124

 

 

 

 

 

 

19,616

 

Equity in comprehensive loss

 

 

(384

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(384

)

Unrealized holding loss

 

 

 

 

 

(1,529

)

 

 

 

 

 

 

 

 

 

 

 

(1,529

)

Sale of investment in Taiwan (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,383

)

 

 

(1,383

)

Cash distributions received

 

 

(1,047

)

 

 

 

 

 

(1,600

)

 

 

 

 

 

 

 

 

(2,647

)

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(69

)

 

 

(69

)

Balance at December 31, 2015

 

$

71,579

 

 

$

12,900

 

 

$

7,269

 

 

$

2,562

 

 

$

663

 

 

$

94,973

 

Cash contributions

 

 

717

 

 

 

 

 

 

 

 

 

 

 

 

415

 

 

 

1,132

 

Equity in income

 

 

21,434

 

 

 

 

 

 

311

 

 

 

870

 

 

 

 

 

 

22,615

 

Equity in comprehensive income

 

 

89

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

89

 

Sale of investment (2)

 

 

 

 

 

(12,900

)

 

 

 

 

 

 

 

 

 

 

 

(12,900

)

Cash distributions received

 

 

(6,000

)

 

 

 

 

 

(1,600

)

 

 

(98

)

 

 

 

 

 

(7,698

)

Other

 

 

 

 

 

 

 

 

 

 

 

(584

)

 

 

690

 

 

 

106

 

Balance at December 31, 2016

 

$

87,819

 

 

$

 

 

 

$

5,980

 

 

$

2,750

 

 

$

1,768

 

 

$

98,317

 

Cash contributions

 

 

1,112

 

 

 

 

 

 

 

 

 

 

 

 

2,603

 

 

 

3,715

 

Equity in income

 

 

22,900

 

 

 

 

 

 

2,336

 

 

 

1,199

 

 

 

 

 

 

26,435

 

Equity in comprehensive income

 

 

248

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

248

 

Cash distributions received

 

 

(5,864

)

 

 

 

 

 

(2,400

)

 

 

(351

)

 

 

 

 

 

(8,615

)

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(55

)

 

 

(55

)

Balance at December 31, 2017

 

$

106,215

 

 

$

 

 

 

$

5,916

 

 

$

3,598

 

 

$

4,316

 

 

$

120,045

 

 

(1)

The Company sold its investment in a Taiwan joint venture for $2,634, resulting in a gain of $1,251, which is included in loss on sale of assets and other for the year ended December 31, 2015.

(2)

See further discussion of the sale of the investment held by the Company under RealD, Inc. below.

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