Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v2.4.0.8
Equity (Tables)
9 Months Ended
Sep. 30, 2014
Summary of Changes in Stockholders' Equity

Below is a summary of changes in stockholders’ equity attributable to Cinemark Holdings, Inc., noncontrolling interests and total equity for the nine months ended September 30, 2014 and 2013:

 

     Cinemark
Holdings, Inc.
Stockholders’
Equity
    Noncontrolling
Interests
    Total
Equity
 

Balance at January 1, 2014

   $ 1,093,422      $ 8,995      $ 1,102,417   

Share based awards compensation expense

     9,564        —          9,564   

Stock withholdings related to restricted stock and restricted stock units that vested during the nine months ended September 30, 2014

     (9,776     —          (9,776

Exercise of stock options

     112        —          112   

Tax benefit related to restricted stock and restricted stock unit vesting and dividends paid on unvested stock

     3,569        —          3,569   

Dividends paid to stockholders (1)

     (86,700     —          (86,700

Dividends accrued on unvested restricted stock unit awards (1)

     (377     —          (377

Dividends paid to noncontrolling interests

     —          (221     (221

Net income

     145,303        1,059        146,362   

Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $1,287

     2,050        —          2,050   

Fair value adjustments on available-for-sale securities, net of taxes of $374

     641        —          641   

Other comprehensive income in equity method investments

     862        —          862   

Foreign currency translation adjustments

     (39,118     (3     (39,121
  

 

 

   

 

 

   

 

 

 

Balance at September 30, 2014

   $ 1,119,552      $ 9,830      $ 1,129,382   
  

 

 

   

 

 

   

 

 

 

 

(1)  Below is a summary of dividends paid to stockholders during the nine months ended September 30, 2014:

 

Declaration

Date

   Record
Date
     Date Paid      Amount per
Share of
Common
Stock
     Total Amount
Paid
 

02/14/14

     03/04/14         03/19/14       $ 0.25       $ 28,845   

05/22/14

     06/06/14         06/20/14       $ 0.25         28,926   

08/13/14

     08/28/14         09/12/14       $ 0.25         28,929   
        

 

 

    

 

 

 

Total

         $ 0.75       $ 86,700   
        

 

 

    

 

 

 

 

     Cinemark              
     Holdings, Inc.              
     Stockholders’     Noncontrolling     Total  
     Equity     Interests     Equity  

Balance at January 1, 2013

   $ 1,084,065      $ 10,919      $ 1,094,984   

Purchase of noncontrolling interest’s share of Adamark S.A., a Brazilian subsidiary

     (4,618     (1,003     (5,621

Share based awards compensation expense

     10,346        —          10,346   

Stock withholdings related to restricted stock and restricted stock units that vested during the nine months ended September 30, 2013

     (3,464     —          (3,464

Exercise of stock options

     58        —          58   

Tax benefit related to restricted stock and restricted stock unit vesting and dividends paid on unvested stock

     3,529        —          3,529   

Dividends paid to stockholders (2)

     (77,191     —          (77,191

Dividends accrued on unvested restricted stock unit awards

     (474     —          (474

Dividends paid to noncontrolling interests

     —          (665     (665

Net income

     132,878        1,766        134,644   

Fair value adjustments on interest rate swap agreements designated as hedges, net of taxes of $1,461

     2,481        —          2,481   

Fair value adjustments on available-for-sale securities, net of taxes of $1,933

     (3,215     —          (3,215

Other comprehensive income in equity method investees

     3,454        —          3,454   

Foreign currency translation adjustments

     (48,539     (220     (48,759
  

 

 

   

 

 

   

 

 

 

Balance at September 30, 2013

   $ 1,099,310      $ 10,797      $ 1,110,107   
  

 

 

   

 

 

   

 

 

 

 

(2)  Below is a summary of dividends paid to stockholders during the nine months ended September 30, 2013:

 

Declaration Date

   Record
Date
     Date Paid      Amount
per
Share of
Common
Stock
     Total
Amount
Paid
 

02/12/13

     03/04/13         03/15/13       $ 0.21       $ 24,140   

05/24/13

     06/06/13         06/20/13       $ 0.21         24,216   

08/15/13

     08/28/13         09/12/13       $ 0.25         28,835   
        

 

 

    

 

 

 

Total

         $ 0.67       $ 77,191