Quarterly report pursuant to Section 13 or 15(d)

Equity

v3.19.3
Equity
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Equity

7.

Equity

Below is a summary of changes in stockholders’ equity attributable to Cinemark Holdings, Inc., noncontrolling interests and total equity for the three and nine months ended September 30, 2019 and 2018:

 

 

 

Common  Stock

 

Treasury Stock

 

Additional Paid-In-Capital

 

Retained Earnings

 

Accumulated Other Comprehensive Income (Loss)

 

Total Cinemark Holdings, Inc. Stockholders’ Equity

 

Noncontrolling Interests

 

Total Equity

 

Balance at January 1, 2019

 

$

121

 

$

(79,259

)

$

1,155,424

 

$

686,459

 

$

(319,007

)

$

1,443,738

 

$

12,379

 

$

1,456,117

 

Cumulative effect of change in accounting principle, net of taxes of $6,054 (see Note 3)

 

 

 

 

 

 

 

 

16,985

 

 

 

 

16,985

 

 

 

 

16,985

 

Issuance of share based awards and share based awards compensation expense

 

 

 

 

 

 

2,970

 

 

 

 

 

 

2,970

 

 

 

 

2,970

 

Stock withholdings related to share based awards that vested during the three months ended March 31, 2019

 

 

 

 

(1,947

)

 

 

 

 

 

 

 

(1,947

)

 

 

 

(1,947

)

Dividends paid to stockholders, $0.34 per common share (1)

 

 

 

 

 

 

 

 

(39,797

)

 

 

 

(39,797

)

 

 

 

(39,797

)

Dividends paid to noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,000

)

 

(1,000

)

Dividends accrued on unvested restricted stock unit awards (1)

 

 

 

 

 

 

 

 

(108

)

 

 

 

(108

)

 

 

 

(108

)

Net income

 

 

 

 

 

 

 

 

32,728

 

 

 

 

32,728

 

 

465

 

 

33,193

 

Other comprehensive loss in equity method investees

 

 

 

 

 

 

 

 

 

 

(71

)

 

(71

)

 

 

 

(71

)

Unrealized loss due to fair value adjustments on interest rate swap agreements, net of taxes, net of settlements

 

 

 

 

 

 

 

 

 

 

(3,311

)

 

(3,311

)

 

 

 

(3,311

)

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

 

755

 

 

755

 

 

 

 

755

 

Balance at March 31, 2019

 

 

121

 

 

(81,206

)

 

1,158,394

 

 

696,267

 

 

(321,634

)

 

1,451,942

 

 

11,844

 

 

1,463,786

 

Issuance of share based awards and share based awards compensation expense

 

 

1

 

 

 

 

3,676

 

 

 

 

 

 

3,677

 

 

 

 

3,677

 

Stock withholdings related to share based awards that vested during the three months ended June 30, 2019

 

 

 

 

(300

)

 

 

 

 

 

 

 

(300

)

 

 

 

(300

)

Dividends paid to stockholders, $0.34 per common share (1)

 

 

 

 

 

 

 

 

(39,823

)

 

 

 

(39,823

)

 

 

 

(39,823

)

Dividends paid to noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(294

)

 

(294

)

Dividends accrued on unvested restricted stock unit awards (1)

 

 

 

 

 

 

 

 

(189

)

 

 

 

(189

)

 

 

 

(189

)

Net income

 

 

 

 

 

 

 

 

100,971

 

 

 

 

100,971

 

 

890

 

 

101,861

 

Other comprehensive loss in equity method investees

 

 

 

 

 

 

 

 

 

 

(22

)

 

(22

)

 

 

 

(22

)

Unrealized loss due to fair value adjustments on interest rate swap agreements, net of taxes, net of settlements

 

 

 

 

 

 

 

 

 

 

(5,902

)

 

(5,902

)

 

 

 

(5,902

)

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

 

4,925

 

 

4,925

 

 

 

 

4,925

 

Balance at June 30, 2019

 

 

122

 

 

(81,506

)

 

1,162,070

 

 

757,226

 

 

(322,633

)

 

1,515,279

 

 

12,440

 

 

1,527,719

 

Issuance of share based awards and share based awards compensation expense

 

 

 

 

 

 

3,840

 

 

 

 

 

 

 

3,840

 

 

 

 

 

3,840

 

Dividends paid to stockholders, $0.34 per common share (1)

 

 

 

 

 

 

 

 

(39,832

)

 

 

 

(39,832

)

 

 

 

(39,832

)

Dividends paid to noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(294

)

 

(294

)

Dividends accrued on unvested restricted stock unit awards (1)

 

 

 

 

 

 

 

 

(189

)

 

 

 

(189

)

 

 

 

(189

)

Net income

 

 

 

 

 

 

 

 

31,353

 

 

 

 

31,353

 

 

602

 

 

31,955

 

Other comprehensive loss in equity method investees

 

 

 

 

 

 

 

 

 

 

(49

)

 

(49

)

 

 

 

(49

)

Unrealized loss due to fair value adjustments on interest rate swap agreements, net of taxes, net of settlements

 

 

 

 

 

 

 

 

 

 

(1,291

)

 

(1,291

)

 

 

 

(1,291

)

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

 

(25,408

)

 

(25,408

)

 

 

 

(25,408

)

Balance at September 30, 2019

 

$

122

 

$

(81,506

)

$

1,165,910

 

$

748,558

 

$

(349,381

)

$

1,483,703

 

$

12,748

 

$

1,496,451

 

 

 

 

Common  Stock

 

Treasury Stock

 

Additional Paid-In-Capital

 

Retained Earnings

 

Accumulated Other Comprehensive Income (Loss)

 

Total Cinemark Holdings, Inc. Stockholders’ Equity

 

Noncontrolling Interests

 

Total Equity

 

Balance at January 1, 2018

 

$

121

 

$

(76,354

)

$

1,141,088

 

$

582,222

 

$

(253,282

)

$

1,393,795

 

$

11,893

 

$

1,405,688

 

Cumulative effect of change in accounting principle, net of taxes of $13,079

 

 

 

 

 

 

 

 

40,526

 

 

 

 

40,526

 

 

 

 

40,526

 

Issuance of share based awards and share based awards compensation expense

 

 

 

 

 

 

3,426

 

 

 

 

 

 

 

3,426

 

 

 

 

3,426

 

Stock withholdings related to share based awards that vested during the three months ended March 31, 2018

 

 

 

 

(2,695

)

 

 

 

 

 

 

 

(2,695

)

 

 

 

(2,695

)

Dividends paid to stockholders, $0.32 per common share (1)

 

 

 

 

 

 

 

 

(37,346

)

 

 

 

(37,346

)

 

 

 

(37,346

)

Dividends accrued on unvested restricted stock unit awards (1)

 

 

 

 

 

 

 

 

(125

)

 

 

 

(125

)

 

 

 

(125

)

Net income

 

 

 

 

 

 

 

 

62,021

 

 

 

 

62,021

 

 

156

 

 

62,177

 

Other comprehensive income in equity method investees

 

 

 

 

 

 

 

 

 

 

136

 

 

136

 

 

 

 

136

 

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

 

204

 

 

204

 

 

 

 

204

 

Balance at March 31, 2018

 

 

121

 

 

(79,049

)

 

1,144,514

 

 

647,298

 

 

(252,942

)

 

1,459,942

 

 

12,049

 

 

1,471,991

 

Issuance of share based awards and share based awards compensation expense

 

 

 

 

 

 

3,452

 

 

 

 

 

 

3,452

 

 

 

 

3,452

 

Stock withholdings related to share based awards that vested during the three months ended June 30, 2018

 

 

 

 

(210

)

 

 

 

 

 

 

 

(210

)

 

 

 

(210

)

Dividends paid to stockholders, $0.32 per common share (1)

 

 

 

 

 

 

 

 

(37,377

)

 

 

 

(37,377

)

 

 

 

(37,377

)

Dividends accrued on unvested restricted stock unit awards (1)

 

 

 

 

 

 

 

 

(146

)

 

 

 

(146

)

 

 

 

(146

)

Net income

 

 

 

 

 

 

 

 

82,135

 

 

 

 

82,135

 

 

329

 

 

82,464

 

Other comprehensive loss in equity method investees

 

 

 

 

 

 

 

 

 

 

(116

)

 

(116

)

 

 

 

(116

)

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

 

(56,248

)

 

(56,248

)

 

 

 

(56,248

)

Balance at June 30, 2018

 

 

121

 

 

(79,259

)

 

1,147,966

 

 

691,910

 

 

(309,306

)

 

1,451,432

 

 

12,378

 

 

1,463,810

 

Issuance of share based awards and share based awards compensation expense

 

 

 

 

 

 

3,486

 

 

 

 

 

 

3,486

 

 

 

 

3,486

 

Dividends paid to stockholders, $0.32 per common share (1)

 

 

 

 

 

 

 

 

(37,385

)

 

 

 

(37,385

)

 

 

 

(37,385

)

Dividends accrued on unvested restricted stock unit awards (1)

 

 

 

 

 

 

 

 

(145

)

 

 

 

(145

)

 

 

 

(145

)

Net income

 

 

 

 

 

 

 

 

50,228

 

 

 

 

50,228

 

 

393

 

 

50,621

 

Other comprehensive loss in equity method investees

 

 

 

 

 

 

 

 

 

 

(63

)

 

(63

)

 

 

 

(63

)

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

 

(10,797

)

 

(10,797

)

 

 

 

(10,797

)

Balance at September 30, 2018

 

$

121

 

$

(79,259

)

$

1,151,452

 

$

704,608

 

$

(320,166

)

$

1,456,756

 

$

12,771

 

$

1,469,527

 

 

(1) Below is a summary of dividends paid to stockholders and accrued on unvested restricted stock unit awards during the nine months ended September 30, 2019 and 2018:  

 

 

 

 

 

Amount per Share

 

 

 

 

 

Declaration Date

Record Date

Payable Date

 

of Common Stock

 

 

Total

 

2/22/2019

3/8/2019

3/22/2019

 

$

0.34

 

 

$

39,905

 

5/23/2019

6/8/2019

6/24/2019

 

 

0.34

 

 

 

40,012

 

8/15/2019

9/4/2019

9/18/2019

 

 

0.34

 

 

 

40,021

 

Nine Months Ended September 30, 2019

 

$

1.02

 

 

$

119,938

 

 

 

 

 

 

 

 

 

 

 

 

2/23/2018

3/8/2018

3/22/2018

 

$

0.32

 

 

$

37,471

 

5/25/2018

6/8/2018

6/22/2018

 

 

0.32

 

 

 

37,523

 

8/23/2018

9/4/2018

9/18/2018

 

 

0.32

 

 

 

37,530

 

Nine Months Ended September 30, 2018

 

$

0.96

 

 

$

112,524