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SEC Filings

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

 

Results of Operations

The following table sets forth, for the periods indicated, certain operating data and the percentage of revenues represented by certain items reflected in our condensed consolidated statements of income.

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2018

 

 

2017

 

Operating data (in millions):

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

 

Admissions

 

$

452.6

 

 

$

476.5

 

Concession

 

 

261.8

 

 

 

268.2

 

Other

 

 

65.6

 

 

 

34.9

 

Total revenues

 

$

780.0

 

 

$

779.6

 

Cost of operations

 

 

 

 

 

 

 

 

Film rentals and advertising

 

 

241.0

 

 

 

252.8

 

Concession supplies

 

 

40.8

 

 

 

42.1

 

Salaries and wages

 

 

93.1

 

 

 

84.2

 

Facility lease expense

 

 

82.1

 

 

 

84.3

 

Utilities and other

 

 

109.4

 

 

 

88.4

 

General and administrative expenses

 

 

42.4

 

 

 

38.2

 

Depreciation and amortization

 

 

64.4

 

 

 

57.3

 

Impairment of long-lived assets

 

 

0.6

 

 

 

0.3

 

Loss on sale of assets and other

 

 

3.9

 

 

 

0.8

 

Total cost of operations

 

 

677.7

 

 

 

648.4

 

Operating income

 

$

102.3

 

 

$

131.2

 

 

 

 

 

 

 

 

 

 

Operating data as a percentage of total revenues:

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

 

Admissions

 

 

58.0

%

 

 

61.1

%

Concession

 

 

33.6

%

 

 

34.4

%

Other

 

 

8.4

%

 

 

4.5

%

Total revenues

 

 

100.0

%

 

 

100.0

%

Cost of operations (1)

 

 

 

 

 

 

 

 

Film rentals and advertising

 

 

53.2

%

 

 

53.1

%

Concession supplies

 

 

15.6

%

 

 

15.7

%

Salaries and wages

 

 

11.9

%

 

 

10.8

%

Facility lease expense

 

 

10.5

%

 

 

10.8

%

Utilities and other

 

 

14.0

%

 

 

11.3

%

General and administrative expenses

 

 

5.4

%

 

 

4.9

%

Depreciation and amortization

 

 

8.3

%

 

 

7.3

%

Impairment of long-lived assets

 

 

0.1

%

 

 

%

Loss on sale of assets and other

 

 

0.5

%

 

 

0.1

%

Total cost of operations

 

 

86.9

%

 

 

83.2

%

Operating income

 

 

13.1

%

 

 

16.8

%

Average screen count (month end average)

 

 

5,959

 

 

 

5,898

 

Average operating screen count (month end average)

 

 

5,879

 

 

 

5,792

 

Total revenues per average screen (dollars)

 

$

130,890

 

 

$

132,182

 

 

(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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