Quarterly report pursuant to Section 13 or 15(d)

Equity

v3.7.0.1
Equity
3 Months Ended
Mar. 31, 2017
Equity
4. Equity

Below is a summary of changes in stockholders’ equity attributable to Cinemark Holdings, Inc., noncontrolling interests and total equity for the three months ended March 31, 2017 and 2016:

 

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

Balance at January 1, 2017

   $ 1,261,818      $ 11,142      $ 1,272,960  

Share based awards compensation expense

     3,241        —          3,241  

Stock withholdings related to share based awards that vested during the three months ended March 31, 2017

     (2,694      —          (2,694

Dividends paid to stockholders (1)

     (33,760      —          (33,760

Dividends accrued on unvested restricted stock unit awards (1)

     (153      —          (153

Dividends paid to noncontrolling interests

     —          (294      (294

Net income

     79,728        466        80,194  

Other comprehensive income in equity method investees

     198        —          198  

Foreign currency translation adjustments (see Note 11)

     13,342        —          13,342  
  

 

 

    

 

 

    

 

 

 

Balance at March 31, 2017

   $ 1,321,720      $ 11,314      $ 1,333,034  
  

 

 

    

 

 

    

 

 

 

 

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

Balance at January 1, 2016

   $ 1,099,708      $ 11,105      $ 1,110,813  

Share based awards compensation expense

     5,118        —          5,118  

Stock withholdings related to share based awards that vested during the three months ended March 31, 2016

     (5,610      —          (5,610

Issuance of common stock related to restricted stock units that vested during the three months ended March 31, 2016

     1        —          1  

Tax benefit related to share based awards vesting

     1,724        —          1,724  

Dividends paid to stockholders (2)

     (31,367      —          (31,367

Dividends accrued on unvested restricted stock unit awards (2)

     (179      —          (179

Dividends paid to noncontrolling interests

     —          (220      (220

Net income

     58,525        521        59,046  

Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $118

     201        —          201  

Gain realized on available-for-sale securities, net of taxes of $1,180

     (2,011      —          (2,011

Other comprehensive loss in equity method investees

     (322      —          (322

Foreign currency translation adjustments

     13,771        9        13,780  
  

 

 

    

 

 

    

 

 

 

Balance at March 31, 2016

   $ 1,139,559      $ 11,415      $ 1,150,974  
  

 

 

    

 

 

    

 

 

 

 

(1) The Company’s board of directors declared a cash dividend for the fourth quarter of 2016 in the amount of $0.29 per share of common stock payable to stockholders of record on March 8, 2017. The dividend was paid on March 20, 2017.
(2) The Company’s board of directors declared a cash dividend for the fourth quarter of 2015 in the amount of $0.27 per share of common stock payable to stockholders of record on March 7, 2016. The dividend was paid on March 18, 2016.