Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Admissions $ 449,880 $ 456,075 $ 926,349 $ 891,895
Concession 262,322 253,592 530,546 491,407
Other 38,993 34,737 73,910 65,971
Total revenues 751,195 744,404 1,530,805 1,449,273
Cost of operations        
Film rentals and advertising 246,556 250,421 499,374 483,335
Concession supplies 41,839 39,208 83,939 75,111
Salaries and wages 89,812 84,237 174,013 159,373
Facility lease expense 82,388 80,252 166,650 159,056
Utilities and other 91,053 89,130 179,410 170,507
General and administrative expenses 37,834 35,987 76,050 73,853
Depreciation and amortization 59,137 52,358 116,493 101,687
Impairment of long-lived assets 4,301 1,425 4,574 1,917
Loss on sale of assets and other 54 5,824 888 4,045
Total cost of operations 652,974 638,842 1,301,391 1,228,884
Operating income 98,221 105,562 229,414 220,389
Other income (expense)        
Interest expense [1] (26,522) (27,262) (52,891) (55,321)
Loss on debt amendments and refinancing (246) (98) (246) (13,284)
Interest income 1,380 2,013 2,713 3,365
Foreign currency exchange gain (loss) (155) 512 1,434 2,398
Distributions from NCM 2,772 193 9,560 8,736
Equity in income of affiliates 5,805 5,065 15,865 12,207
Total other expense (16,966) (19,577) (23,565) (41,899)
Income before income taxes 81,255 85,985 205,849 178,490
Income taxes 29,445 31,617 73,845 65,076
Net income 51,810 54,368 132,004 113,414
Less: Net income attributable to noncontrolling interests 571 462 1,037 983
Net income attributable to Cinemark Holdings, Inc. $ 51,239 $ 53,906 $ 130,967 $ 112,431
Weighted average shares outstanding        
Basic 115,785 115,576 115,707 115,411
Diluted 116,072 115,758 116,020 115,660
Earnings per share attributable to Cinemark Holdings, Inc.'s common stockholders        
Basic $ 0.44 $ 0.46 $ 1.12 $ 0.97
Diluted 0.44 0.46 1.12 0.97
Dividends declared per common share $ 0.29 $ 0.27 $ 0.58 $ 0.54
[1] Includes amortization of debt issue costs.