Cinemark holdings, inc. (CNK)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Operating activities
Net income

26,839

31,955

101,861

33,193

20,043

50,621

82,464

62,177

95,475

38,540

51,810

80,194

77,287

66,126

54,368

59,046

58,235

46,701

70,890

42,902

47,637

38,532

72,134

35,696

15,904

80,745

20,837

33,062

28,438

47,967

52,139

42,876

18,603

47,648

41,009

25,322

38,310

33,883

40,759

36,711

Adjustments to reconcile net income to cash provided by operating activities:
Depreciation

63,086

66,481

63,304

63,247

66,590

64,255

63,467

63,514

61,715

57,623

58,780

56,975

52,783

53,653

51,816

48,839

49,215

46,976

45,976

44,731

43,955

44,151

43,308

41,724

42,876

41,349

37,776

38,070

36,556

35,813

35,238

35,787

33,505

39,553

39,058

38,033

38,391

33,868

33,549

32,829

Amortization of intangible and other assets and favorable/unfavorable leases

1,274

1,279

1,269

1,215

916

716

823

881

1,253

429

357

381

414

534

542

490

547

567

593

601

593

580

573

772

929

1,050

958

962

1,065

1,084

1,103

1,029

1,365

989

839

1,107

1,127

1,116

1,366

1,262

Amortization of long-term prepaid rents

-

-

-

-

568

578

597

639

734

551

496

493

469

372

514

471

460

519

669

713

-243

1,000

407

378

521

725

729

650

685

678

776

534

681

692

617

667

539

468

438

341

Amortization of debt issue costs

1,328

1,328

1,327

1,328

1,325

1,323

1,323

1,590

1,578

1,556

1,534

1,529

1,424

1,404

1,378

1,286

1,275

1,276

1,288

1,312

1,311

1,311

1,312

1,311

1,311

1,309

1,470

1,386

1,217

1,189

1,189

1,197

1,187

1,186

1,187

1,184

1,183

1,176

1,176

1,181

Amortization of deferred revenues, deferred lease incentives and other

1,462

4,183

3,999

4,021

5,442

5,502

5,419

5,343

4,174

4,114

4,101

3,822

3,714

3,678

4,096

5,243

5,204

5,200

10,014

-3,255

23,863

-3,466

-3,444

-3,288

-20,190

3,212

2,714

2,552

2,453

2,346

2,332

2,212

2,408

2,423

2,459

2,339

2,124

1,839

1,606

1,399

Impairment of long-lived assets

11,619

27,304

12,494

5,584

27,352

1,641

2,788

591

5,484

5,026

4,301

273

513

406

1,425

492

3,846

633

3,528

794

1,353

4,510

430

354

1,718

131

1,101

844

1,559

976

311

185

3,432

992

1,594

1,015

6,481

1,022

4,688

347

Amortization of bond discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

235

247

241

236

230

226

220

216

211

206

202

197

193

188

Amortization of accumulated other comprehensive loss related to terminated interest rate swap agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

494

988

988

988

989

1,101

1,158

1,158

1,158

1,159

1,158

Fair value change in interest rate swap agreements not designated as hedges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

194

299

268

-

-

-

-

-

-

-

-

Share based awards compensation expense

4,129

3,840

3,676

2,970

3,972

3,486

3,452

3,426

3,194

3,043

3,203

3,241

3,147

2,587

2,542

5,118

5,908

3,375

2,977

3,498

3,254

2,975

3,066

3,523

6,540

3,558

3,338

3,450

4,905

3,297

3,553

3,315

2,560

2,560

2,559

2,013

3,173

1,925

1,941

1,313

Loss on disposal of assets and other

-3,951

-2,453

-1,805

-3,799

-10,036

-7,826

-16,901

-3,939

-13,348

-8,576

-54

-834

-9,474

-6,940

-5,824

1,779

-4,291

500

-5,802

1,450

-6,996

-2,590

-3,276

-2,853

1,313

-611

2,801

342

-

-

-

836

-15,729

1,809

4,656

472

-12,337

7,548

3,782

-1,457

Loss on debt amendments and refinancing

-

-

-

-

0

0

0

1,484

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash rent expense

1,108

1,102

1,331

819

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-off of unamortized debt issue costs associated with early retirement of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,369

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on contribution and sale of digital projection systems to DCIP

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,710

Deferred lease expenses

-

-

-

-

-368

-20

-449

-483

-249

-297

-375

-347

-181

-162

-207

-440

3

-521

-585

-703

520

168

249

1,599

1,663

1,935

1,213

890

777

997

1,207

1,123

1,245

1,260

870

780

1,164

1,079

914

783

Equity in income of affiliates

7,888

15,139

8,439

10,404

10,034

14,158

6,414

8,636

9,218

10,902

5,805

10,060

7,365

12,390

5,065

7,142

7,754

11,047

4,086

5,239

5,195

10,328

3,600

3,620

6,843

11,733

1,685

2,421

3,487

6,844

988

1,790

3,298

1,719

-1,804

2,438

1,559

-1,842

-3,182

27

Deferred income tax expenses

3,471

-11,154

16,804

-10,964

14,091

1,427

7,741

-72

-24,556

-4,974

5,626

8,889

-21,849

14,281

5,034

-2,933

20,665

-1,628

6,407

-14,349

21,502

1,027

-5,567

-16,436

-3,703

8,994

-23,916

-19,165

-1,655

10,928

-1,635

-2,358

11,140

4,655

10,651

-4,770

4,402

1,171

-3,648

-10,528

Tax benefit related to stock option exercises and restricted stock vestings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,854

4,584

0

-237

-1,667

Distributions from equity investees

25,203

8,498

5,323

14,342

9,102

4,786

3,932

12,323

8,652

2,402

2,870

12,049

12,256

1,390

184

8,086

6,348

4,370

1,045

7,264

7,798

3,022

1,024

7,328

6,013

4,642

713

2,290

2,907

1,760

145

2,658

2,526

1,764

415

2,420

2,194

1,233

385

1,674

Changes in other assets and liabilities:
Changes in assets and liabilities and other

-

17,924

-5,201

-4,814

-

46,828

-25,045

52,378

-

21,498

33,871

64

-

54,106

-18,951

40,947

-

39,986

-24,688

51,705

-

22,670

15,298

10,317

-

65,094

-26,008

14,784

-

3,935

14,458

-13,614

-14,742

-10,169

-12,793

5,642

-27,796

137,016

-75,019

26,566

Net cash provided by operating activities

164,780

93,636

199,295

104,284

206,861

70,151

196,251

83,652

217,347

75,961

85,125

150,565

184,630

77,357

133,210

67,713

229,534

45,535

155,688

25,114

231,485

63,402

97,870

61,877

131,173

65,010

70,896

42,587

121,030

98,799

77,636

97,740

99,539

109,914

120,706

61,042

110,876

45,737

64,037

44,101

Investing activities
Additions to theatre properties and equipment and other

117,115

71,343

57,600

57,569

100,111

83,373

82,426

80,163

118,132

79,930

91,613

91,187

96,562

98,822

83,779

47,745

99,375

76,639

69,965

85,747

88,537

53,605

49,757

52,806

100,182

69,100

53,499

36,889

74,200

52,940

46,603

46,984

58,636

40,881

49,533

35,769

67,846

31,296

37,443

19,517

Proceeds from sale of theatre properties and equipment and other

2,778

224

96

57

363

1,422

1,658

477

282

295

10,686

3,835

172

2,957

94

347

3,683

1,310

2,585

2,388

572

426

1,496

51

4,391

11,402

10,472

8,006

1,239

70

628

39

1,099

660

3,986

485

17,797

1,846

1,657

491

Acquisitions of theatres in the U.S. and international markets, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15,300

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

14,080

-

-

-

-

-

-

-

-

Proceeds from sale of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

13,451

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in joint ventures and other, net

-

-

-

-

-907

975

20,231

-764

2,537

712

238

228

-571

1,003

688

12

531

1,403

1,064

713

263

29

950

946

1,142

1,816

952

2,312

105

969

97

309

252

275

421

572

246

866

0

644

Net cash used for investing activities

-114,337

-71,119

-67,674

-57,512

-98,841

-161,100

-112,507

-78,922

-120,384

-80,518

-121,994

-87,580

-97,269

-96,868

-84,373

-49,259

-96,223

-76,732

-68,444

-86,723

-97,219

-53,208

-49,211

-53,701

29,234

-59,514

-303,226

-31,195

-73,066

-53,839

-46,072

-61,334

-57,789

-107,454

-45,968

-35,856

-50,295

-30,316

-35,786

-19,670

Dividends paid to stockholders

39,829

39,832

39,823

39,797

37,384

37,385

37,377

37,346

33,775

33,776

33,768

33,760

31,373

31,377

31,373

31,367

28,981

28,982

28,977

28,923

28,925

28,928

28,927

28,845

28,854

28,827

24,216

24,148

24,131

24,130

24,124

23,982

23,982

23,983

23,976

23,897

23,831

20,416

20,209

20,046

Proceeds from stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

112

-1

0

52

6

455

2

0

2

0

0

96

348

2,355

77

401

5,081

Payroll taxes paid as a result of restricted stock withholdings

61

0

300

1,947

0

0

210

2,695

0

22

227

2,694

6

26

1,192

5,610

0

22

0

4,748

85

0

0

9,776

0

0

210

3,254

0

0

563

2,700

0

0

0

494

0

0

117

299

Proceeds from issuance of Senior Notes, net of discount

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

222,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retirement of Senior Subordinated Notes

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

200,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

3,037

1,649

1,649

1,649

3,038

1,648

1,649

1,649

-

-

-

-

1,388

0

13,459

1,758

3,146

1,758

1,758

1,758

3,144

1,750

2,495

2,457

2,279

2,324

2,355

2,381

660

2,999

3,018

3,034

2,311

2,333

159,545

2,709

2,709

3,008

3,066

3,070

Payment of debt issue costs

-

-

-

-

115

0

141

4,962

-

-

-

-

2,713

0

829

3,675

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

143

0

8,706

Fees paid related to debt amendments

-

-

-

-

0

0

0

704

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on capital leases

-

-

-

3,517

-

-

-

6,090

-

5,671

5,154

4,989

4,688

5,126

4,957

4,572

4,312

4,242

4,046

3,913

3,742

3,466

2,838

3,989

3,535

3,106

2,729

2,645

2,493

2,360

2,321

2,277

2,212

1,819

1,773

1,722

1,905

1,816

1,867

1,739

Other

-745

-294

-294

-1,000

-

-

-

-

-503

-309

-17

-294

-728

12

-233

1,503

-747

173

-294

2,244

-927

9

-178

3,518

-2,817

-444

-36

3,341

-874

-192

458

-227

-1,819

-110

-7

-184

-

-

-

-

Net cash used for financing activities

-47,442

-45,474

-45,680

-47,910

-48,104

-45,434

-45,664

-53,446

-43,609

-31,302

-41,360

-41,737

-52,422

-36,517

-52,043

-22,729

-37,186

-34,831

-42,032

-37,098

-36,823

-34,135

-34,438

-41,437

-37,486

-38,965

29,348

-29,081

154,889

-29,679

-29,568

-32,218

-30,324

-28,263

8,831

-28,658

-27,320

-25,583

-24,968

-28,779

Effect of exchange rate changes on cash and cash equivalents

2,540

-5,663

257

110

-490

-1,533

-7,414

215

-253

1,126

-1,910

1,835

-815

-461

2,914

-372

-10,500

-7,347

-1,768

-7,317

-5,239

-7,535

1,217

-3,965

-2,771

-2,226

-5,847

-672

-948

1,196

-6,280

2,970

-1,413

-13,706

4,027

1,783

1,269

4,859

-742

-359

Increase (decrease) in cash and cash equivalents

5,541

-28,620

86,198

-1,028

59,426

-137,916

30,666

-48,501

53,101

-34,733

-80,139

23,083

34,124

-56,489

-292

-4,647

85,625

-73,375

43,444

-106,024

92,204

-31,476

15,438

-37,226

120,150

-35,695

-208,829

-18,361

201,905

16,477

-4,284

7,158

10,013

-39,509

87,596

-1,689

34,530

-5,303

2,541

-4,707