Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 488,313 $ 426,222
Inventories 21,686 19,319
Accounts receivable 83,722 95,084
Current income tax receivable 4,082 3,288
Prepaid expenses and other 37,187 15,117
Total current assets 634,990 559,030
Theatre properties and equipment    
Land 105,035 103,739
Buildings 536,037 522,355
Property under capital and finance lease 152,519 387,480
Theatre furniture and equipment 1,337,715 1,239,122
Leasehold interests and improvements 1,216,931 1,151,454
Total 3,348,237 3,404,150
Less: accumulated depreciation and amortization 1,612,990 1,571,017
Theatre properties and equipment, net 1,735,247 1,833,133
Operating Lease right-of-use assets 1,383,080 [1] 0
Other assets    
Goodwill [2] 1,283,371 1,276,324
Intangible assets - net 321,769 330,910
Investments in and advances to affiliates 155,285 156,766
Long-term deferred tax asset 9,369 9,028
Deferred charges and other assets - net 39,114 41,055
Total other assets 2,074,700 2,089,675
Total assets 5,828,017 4,481,838
Current liabilities    
Current portion of long-term debt 6,595 7,984
Current portion of operating lease obligations 217,406 [1] 0
Current portion of capital and finance lease obligations 15,432 27,065
Current income tax payable 5,195 12,179
Current liability for uncertain tax positions 13,446 573
Accounts payable 91,607 104,638
Accrued film rentals 93,849 95,754
Accrued payroll 55,227 46,500
Accrued property taxes 34,337 31,154
Accrued other current liabilities 175,706 148,842
Total current liabilities 708,800 474,689
Long-term liabilities    
Long-term debt, less current portion 1,771,342 1,772,627
Operating lease obligations, less current portion 1,223,462 [1] 0
Capital and finance lease obligations, less current portion 141,017 232,467
Long-term deferred tax liability 141,836 140,280
Long-term liability for uncertain tax positions 848 13,380
Deferred lease expenses 0 39,235
Other long-term liabilities 44,036 50,348
Total long-term liabilities 3,670,895 2,598,579
Commitments and contingencies (see Note 19) 0 0
Cinemark Holdings, Inc.'s stockholders' equity:    
Common stock, $0.001 par value: 300,000,000 shares authorized, 121,456,721 shares issued and 116,830,530 shares outstanding at December 31, 2018 and 121,863,515 shares issued and 117,151,656 shares outstanding at December 31, 2019 122 121
Additional paid-in-capital 1,170,039 1,155,424
Treasury stock, 4,626,191 and 4,711,859 shares, at cost, at December 31, 2018 and December 31, 2019, respectively (81,567) (79,259)
Retained earnings 687,332 638,912
Accumulated other comprehensive loss (340,112) (319,007)
Total Cinemark Holdings, Inc.'s stockholders' equity 1,435,814 1,396,191
Noncontrolling interests 12,508 12,379
Total equity 1,448,322 1,408,570
Total liabilities and equity 5,828,017 4,481,838
NCM    
Other assets    
Investment in NCM 265,792 275,592
Long-term liabilities    
NCM screen advertising advances $ 348,354 $ 350,242
[1] The operating lease right-of-use assets and liabilities recorded on the Company’s consolidated balance sheet generally do not include renewal options that have not yet been exercised.  The Company does not consider a lease renewal as reasonably certain until immediately before the necessary notification is provided to the landlord.
[2] Balances are presented net of accumulated impairment losses of $214,031 for the U.S. operating segment and $27,622 for the international operating segment