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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

Performance Graph

Incorporated by reference to the Company’s proxy statement for its annual stockholders meeting to be held on May 22, 2014 and to be filed with the SEC within 120 days after December 31, 2013.

Securities Authorized for Issuance under Equity Compensation Plans

Information regarding securities authorized for issuance under the Company’s long-term compensation plan is incorporated by reference to the Company’s proxy statement for its annual stockholders meeting (under the heading “Board Committees — Compensation Committee report — Securities Authorized for Issuance under Equity Compensation Plans”) to be held on May 22, 2014 and to be filed with the SEC within 120 days after December 31, 2013.

Item 6. Selected Financial Data

The following table provides our selected consolidated financial and operating data for the periods and at the dates indicated for each of the five most recent years ended December 31, 2013. During August 2011, we acquired ten theatres with 95 screens in Argentina and during May 2013, we acquired 32 theatres with 483 screens in the U.S. The results of operations for these theatres are included in our consolidated results of operations beginning on the dates of the respective acquisitions. You should read the selected consolidated financial and operating data set forth below in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our audited consolidated financial statements and related notes appearing elsewhere in this report.

 

     Year Ended December 31,  
     2009      2010     2011      2012      2013  
     (Dollars in thousands, except per share data)  

Statement of Income Data:

  

Revenues:

             

Admissions

   $ 1,293,378       $ 1,405,389      $ 1,471,627       $ 1,580,401       $ 1,706,145   

Concession

     602,880         642,326        696,754         771,405         845,168   

Other

     80,242         93,429        111,232         121,725         131,581   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total revenues

   $ 1,976,500       $ 2,141,144      $ 2,279,613       $ 2,473,531       $ 2,682,894   

Film rentals and advertising

     708,160         769,698        798,606         845,107         919,511   

Concession supplies

     91,918         97,484        112,122         123,471         135,715   

Salaries and wages

     203,437         221,246        226,475         247,468         269,353   

Facility lease expense

     238,779         255,717        276,278         281,615         307,851   

Utilities and other

     222,660         239,470        259,703         280,670         305,703   

General and administrative expenses

     96,497         109,045        127,621         148,624         165,351   

Total depreciation and amortization

     149,515         143,508        154,449         147,675         163,970   

Impairment of long-lived assets

     11,858         12,538        7,033         3,031         3,794   

(Gain) loss on sale of assets and other

     3,202         (431     8,792         12,168         (3,845
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total cost of operations

   $ 1,726,026       $ 1,848,275      $ 1,971,079       $ 2,089,829       $ 2,267,403   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Operating income

   $ 250,474       $ 292,869      $ 308,534       $ 383,702       $ 415,491   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Interest expense

   $ 102,505       $ 112,444      $ 123,102       $ 123,665       $ 124,714   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Net income

   $ 100,756       $ 149,663      $ 132,582       $ 171,420       $ 150,548   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Net income attributable to Cinemark Holdings, Inc.

   $ 97,108       $ 146,120      $ 130,557       $ 168,949       $ 148,470   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Net income attributable to Cinemark Holdings, Inc. per share:

             

Basic

   $ 0.89       $ 1.30      $ 1.15       $ 1.47       $ 1.28   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Diluted

   $ 0.87       $ 1.29      $ 1.14       $ 1.47       $ 1.28   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Dividends declared per common share

   $ 0.72       $ 0.75      $ 0.84       $ 0.84       $ 0.92   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

 

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