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SEC Filings

10-K
CINEMARK HOLDINGS, INC. filed this Form 10-K on 02/28/2014
Entire Document
 


Table of Contents

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

 

     December 31,
2012
    December 31,
2013
 

Assets

    

Current assets

    

Cash and cash equivalents

   $ 742,664      $ 599,929   

Inventories

     12,571        13,735   

Accounts receivable

     57,122        81,519   

Current income tax receivable

     7,129        669   

Current deferred tax asset

     14,397        18,807   

Prepaid expenses and other

     11,278        14,940   
  

 

 

   

 

 

 

Total current assets

     845,161        729,599   

Theatre properties and equipment

    

Land

     102,490        95,411   

Buildings

     398,151        414,838   

Property under capital lease

     244,022        299,322   

Theatre furniture and equipment

     748,756        806,601   

Leasehold interests and improvements

     790,710        786,624   
  

 

 

   

 

 

 

Total

     2,284,129        2,402,796   

Less accumulated depreciation and amortization

     979,171        975,606   
  

 

 

   

 

 

 

Theatre properties and equipment, net

     1,304,958        1,427,190   

Other assets

    

Goodwill

     1,150,811        1,288,090   

Intangible assets — net

     330,741        356,144   

Investment in NCM

     78,123        178,853   

Investments in and advances to affiliates

     38,201        59,657   

Long-term deferred tax asset

     13,187        330   

Deferred charges and other assets — net

     102,044        104,300   
  

 

 

   

 

 

 

Total other assets

     1,713,107        1,987,374   
  

 

 

   

 

 

 

Total assets

   $ 3,863,226      $ 4,144,163   
  

 

 

   

 

 

 

Liabilities and equity

    

Current liabilities

    

Current portion of long-term debt

   $ 9,546      $ 9,856   

Current portion of capital lease obligations

     11,064        13,847   

Current income tax payable

     8,891        22,081   

Current deferred tax liability

     —          71   

Current liability for uncertain tax positions

     14,900        963   

Accounts payable

     70,833        93,697   

Accrued film rentals

     65,059        79,417   

Accrued payroll

     39,443        41,639   

Accrued other current liabilities

     118,468        134,141   
  

 

 

   

 

 

 

Total current liabilities

     338,204        395,712   

Long-term liabilities

    

Long-term debt, less current portion

     1,754,464        1,822,944   

Capital lease obligations, less current portion

     139,107        202,509   

Long-term deferred tax liability

     177,960        148,746   

Long-term liability for uncertain tax positions

     19,575        19,167   

Deferred lease expenses

     38,297        43,552   

Deferred revenue — NCM

     241,305        334,429   

Other long-term liabilities

     59,330        74,687   
  

 

 

   

 

 

 

Total long-term liabilities

     2,430,038        2,646,034   

Commitments and contingencies (see Note 21)

    

Equity

    

Cinemark Holdings, Inc.’s stockholders’ equity

    

Common stock, $0.001 par value: 300,000,000 shares authorized;

    

118,502,752 shares issued and 114,949,667 shares outstanding at December 31, 2012 and 119,077,473 shares issued and 115,382,538 shares outstanding at December 31, 2013

     118        119   

Additional paid-in-capital

     1,064,016        1,079,304   

Treasury stock, 3,553,085 and 3,694,935 common shares at cost at December 31, 2012 and December 31, 2013, respectively

     (48,482     (51,946

Retained earnings

     106,111        147,764   

Accumulated other comprehensive loss

     (37,698     (81,819
  

 

 

   

 

 

 

Total Cinemark Holdings, Inc.’s stockholders’ equity

     1,084,065        1,093,422   

Noncontrolling interests

     10,919        8,995   
  

 

 

   

 

 

 

Total equity

     1,094,984        1,102,417   
  

 

 

   

 

 

 

Total liabilities and equity

   $ 3,863,226      $ 4,144,163   
  

 

 

   

 

 

 

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

 

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