Three Months Ended | Percent | Nine Months Ended | Percent | |||||||||||||||||||||
09/30/06 | 09/30/07 | Change | 09/30/06 | 09/30/07 | Change | |||||||||||||||||||
Total
Revenues (in millions) |
$ | 288.0 | $ | 471.5 | 63.7 | % | $ | 829.1 | $ | 1,289.6 | 55.5 | % | ||||||||||||
Adjusted EBITDA* (in millions) |
$ | 61.8 | $ | 116.0 | 87.8 | % | $ | 180.3 | $ | 293.1 | 62.6 | % | ||||||||||||
Adjusted EBITDA margin |
21.4 | % | 24.6 | % | 21.7 | % | 22.7 | % |
Nine Months Ended | Percent | |||||||||||
09/30/06 | (A) | 09/30/07 | Change | |||||||||
Total Revenues (in millions) |
$ | 1,213.8 | $ | 1,289.6 | 6.2 | % | ||||||
Adjusted EBITDA* (in millions) |
$ | 267.5 | $ | 293.1 | 9.6 | % | ||||||
Adjusted EBITDA margin |
22.0 | % | 22.7 | % |
* | includes NCM dividend |
Pro Forma | ||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||
09/30/06 | 09/30/07 | 09/30/06 | 09/30/07 | 09/30/06 | 09/30/07 | |||||||||||||||||||
Net income (loss) |
$ | 2.3 | $ | (23.4 | ) | $ | 21.2 | $ | 142.7 | $ | 16.8 | $ | 142.7 | |||||||||||
Income taxes |
5.7 | 60.1 | 9.6 | 69.8 | 3.4 | 69.8 | ||||||||||||||||||
Interest expense |
22.5 | 35.0 | 67.1 | 111.8 | 125.2 | 111.8 | ||||||||||||||||||
Gain on NCM transaction |
| | | (210.8 | ) | | (210.8 | ) | ||||||||||||||||
Gain on Fandango transaction |
| | | (9.2 | ) | | (9.2 | ) | ||||||||||||||||
Loss on early retirement of debt |
| 3.6 | 2.5 | 11.5 | | 11.5 | ||||||||||||||||||
Other (income) expense |
(0.4 | ) | (4.4 | ) | (2.1 | ) | (10.4 | ) | 0.4 | (10.4 | ) | |||||||||||||
Termination of profit
participation agreement |
| | | 6.9 | | 6.9 | ||||||||||||||||||
Depreciation and amortization |
21.4 | 38.3 | 64.5 | 113.4 | 104.4 | 113.4 | ||||||||||||||||||
Impairment of long-lived assets |
4.3 | 3.6 | 5.2 | 60.4 | 5.6 | 60.4 | ||||||||||||||||||
Loss on sale of assets and other |
3.8 | 0.9 | 5.3 | (0.6 | ) | 5.3 | (0.6 | ) | ||||||||||||||||
Stock option compensation expense |
0.7 | 0.7 | 4.9 | 2.2 | 2.1 | 2.2 | ||||||||||||||||||
Deferred lease expenses |
1.5 | 1.6 | 2.1 | 5.4 | 4.3 | 5.4 | ||||||||||||||||||
Adjusted EBITDA |
$ | 61.8 | $ | 116.0 | $ | 180.3 | $ | 293.1 | $ | 267.5 | $ | 293.1 | ||||||||||||