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SEC Filings

10-Q
CINEMARK HOLDINGS, INC. filed this Form 10-Q on 05/09/2018
Entire Document
 

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

 

Below is a summary of the impact of translating the March 31, 2018 financial statements of the Company’s international subsidiaries:

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

Comprehensive

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) for the

 

 

 

Exchange Rate as of

 

 

Three Months Ended

 

Country

 

March 31, 2018

 

 

December 31, 2017

 

 

March 31, 2018

 

Brazil

 

 

3.31

 

 

 

3.31

 

 

$

391

 

Argentina

 

 

20.16

 

 

 

18.65

 

 

 

(3,541

)

Colombia

 

 

2,780.47

 

 

 

2,936.67

 

 

 

1,887

 

Chile

 

 

604.40

 

 

 

615.97

 

 

 

1,207

 

All other

 

 

 

 

 

 

 

 

 

 

260

 

 

 

 

 

 

 

 

 

 

 

$

204

 

 

14.

Supplemental Cash Flow Information

 

The following is provided as supplemental information to the condensed consolidated statements of cash flows:

 

 

 

 

 

 

 

March 31,

 

 

 

2018

 

 

2017

 

Cash paid for interest

 

$

11,743

 

 

$

10,374

 

Cash paid for income taxes, net of refunds received

 

$

5,906

 

 

$

5,440

 

Noncash investing and financing activities:

 

$

 

 

 

 

 

 

Change in accounts payable and accrued expenses for the

   acquisition of theatre properties and equipment (1)

 

$

7,625

 

 

$

(17,189

)

Interest expense - NCM (see Note 3)

 

$

(4,979

)

 

$

 

Investment in NCM – receipt of common units (see

   Note 7)

 

$

5,012

 

 

$

18,363

 

Dividends accrued on unvested restricted stock unit awards

 

$

(125

)

 

$

(153

)

 

(1)

Additions to theatre properties and equipment included in accounts payable as of March 31, 2018 and December 31, 2017 were $23,651 and $31,276, respectively.

15.

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 total assets by segment because that information is not used to evaluate the performance of or allocate resources between segments.

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