CNK Q4 2017 Earnings Report — Cinemark Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Cinemark Holdings, Inc.CNK

Q4 2017 Earnings

Reported February 23, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2017	Q3 2017	Q4 2016	QoQ Change	YoY Change
Revenue	$750M	—	$701M	—	7.0%
Op. Income	$89M	—	$85M	—	4.6%
Gross Margin	62.3%	—	61.9%	—	0.3pp
Net Margin	12.7%	—	11.0%	—	1.7pp
EPS (Diluted)	$0.82	—	$0.67	—	22.4%
Free Cash Flow	$99M	—	$77M	—	28.5%

Revenue Flow

Item	Amount
REVENUE	$750M
Cost of Revenue	$283M
GROSS PROFIT	$467M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$296M
SG&A Expenses	$296M
Other Expenses	$63M
Operating Expenses	$359M
Cost & Expenses	$642M
OPERATING INCOME	$89M
Interest Income	$2M
Interest Expense	$27M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$76M
Income Tax Expense	-$19M
Net Income from Continuing Ops	$95M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$95M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$95M
D&A	$63M
EBIT	$103M
EBITDA	$166M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$750M
Cost of Revenue	$283M
GROSS PROFIT	$467M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$296M
SG&A Expenses	$296M
Other Expenses	$63M
Operating Expenses	$359M
Cost & Expenses	$642M
OPERATING INCOME	$89M
Interest Income	$2M
Interest Expense	$27M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$76M
Income Tax Expense	-$19M
Net Income from Continuing Ops	$95M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$95M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$95M
D&A	$63M
EBIT	$103M
EBITDA	$166M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$95M
Depreciation & Amortization	$63M
Stock-Based Compensation	$3M
Deferred Income Tax	-$25M
Other Non-Cash Items	$15M
Change in Working Capital	$65M
OPERATING CASH FLOW	$217M
Capital Expenditure	-$118M
Acquisitions (Net)	-$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$282.0K
NET CASH FROM INVESTING	-$120M
Net Debt Issuance	-$9M
Common Stock Repurchased	$0
Common Dividends Paid	-$34M
Other Financing Activities	-$503.0K
NET CASH FROM FINANCING	-$43M
FREE CASH FLOW	$99M
Net Change in Cash	$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$523M
Short-Term Investments	$0
Net Receivables	$101M
Inventory	$18M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$523M
PP&E (Net)	$1.8B
Goodwill	$1.3B
Intangible Assets	$337M
Long-Term Investments	$321M
Tax Assets	$4M
Other Non-Current Assets	-$1.9B
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$4.5B
Account Payables	$110M
Short-Term Debt	$33M
Deferred Revenue	$352M
Other Current Liabilities	$245M
TOTAL CURRENT LIABILITIES	$469M
Long-Term Debt	$1.8B
Deferred Revenue NC	$352M
Deferred Tax Liabilities	$122M
Other Non-Current Liabilities	$91M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$3.1B
Common Stock	$121.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$582M
Treasury Stock	-$76M
Accum. Other Comp. Income	-$253M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$12M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$1.8B
Net Debt	$1.3B