Print Page  |  Close Window

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

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

 

or adverse changes in the development or the conditions of the areas surrounding the theatre. As of December 31, 2013, the estimated aggregate fair value of the long-lived assets impaired during the year ended December 31, 2013 was approximately $1,760.

 

11. DEFERRED CHARGES AND OTHER ASSETS — NET

As of December 31, deferred charges and other assets — net consisted of the following:

 

     December 31,  
     2012      2013  

Debt issue costs, net of accumulated amortization

   $ 40,520       $ 36,725   

Long-term prepaid rents

     14,958         6,738   

Construction related deposits

     11,427         26,027   

Lease deposits

     4,039         2,979   

Equipment to be placed in service

     22,767         22,333   

Other

     8,333         9,498   
  

 

 

    

 

 

 

Total

   $ 102,044       $ 104,300   
  

 

 

    

 

 

 

During the year ended December 31, 2012, the Company paid debt issue costs of approximately $18,400 primarily related to the issuance of its 5.125% senior notes and the amendment and restatement of its senior secured credit facility. During the year ended December 31, 2013, the Company paid debt issue costs of approximately $8,300 in connection with the issuance of its 4.875% senior notes during May 2013. The Company also wrote-off debt issue costs of $7,634 related to the redemption of its 8.625% senior notes during June 2013. See Note 12 for discussion of long term debt activity.

 

12. LONG-TERM DEBT

As of December 31, long-term debt consisted of the following:

 

     December 31,  
     2012      2013  

Cinemark USA, Inc. term loan

   $ 700,000       $ 693,000   

Cinemark USA, Inc. 8.625% senior notes due 2019 (1)

     461,464         —     

Cinemark USA, Inc. 4.875% senior notes due 2023

     —           530,000   

Cinemark USA, Inc. 5.125% senior notes due 2022

     400,000         400,000   

Cinemark USA, Inc. 7.375% senior subordinated notes due 2021

     200,000         200,000   

Other (2)

     2,546         9,800   
  

 

 

    

 

 

 

Total long-term debt

     1,764,010         1,832,800   

Less current portion

     9,546         9,856   
  

 

 

    

 

 

 

Long-term debt, less current portion

   $ 1,754,464       $ 1,822,944   
  

 

 

    

 

 

 

 

(1) 

Included the $470,000 aggregate principal amount of the 8.625% senior notes net of the unamortized discount of $8,536 at December 31, 2012.

(2) 

Balance as of December 31, 2013, includes approximately $8,333 of debt owed to NCM in relation to the recently-formed joint venture AC JV, LLC. See Note 16.

 

F-25