Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Total revenues $ 3,221,735 [1] $ 2,991,547 $ 2,918,765
Cost of operations      
Film rentals and advertising 999,755 966,510 962,655
Concession supplies 180,974 166,320 154,469
Salaries and wages 383,860 354,510 325,765
Facility lease expense 323,316 328,197 321,294
Utilities and other 448,070 355,041 355,926
General and administrative expenses 165,173 153,278 143,355
Depreciation and amortization 261,162 237,513 209,071
Impairment of long-lived assets 32,372 15,084 2,836
Loss on disposal of assets and other 38,702 22,812 20,459
Total cost of operations 2,833,384 2,599,265 2,495,830
Operating income 388,351 [1] 392,282 422,935
Other income (expense)      
Interest expense [2] (109,994) (105,918) (108,313)
Loss on debt amendments and refinancing (1,484) (521) (13,445)
Interest income 10,614 6,249 6,396
Foreign currency exchange gain (loss) (11,660) 893 6,455
Equity in income of affiliates 39,242 35,985 31,962
Total other expense (77,617) (46,905) (62,289)
Income before income taxes 310,734 345,377 360,646
Income taxes 95,429 79,358 103,819
Net income 215,305 [1] 266,019 256,827
Less: Net income attributable to noncontrolling interests 1,478 1,839 1,736
Net income attributable to Cinemark Holdings, Inc. $ 213,827 [1] $ 264,180 $ 255,091
Weighted average shares outstanding      
Basic 116,054 115,766 115,508
Diluted 116,342 116,059 115,783
Earnings per share attributable to Cinemark Holdings, Inc.'s common stockholders      
Basic $ 1.83 [1] $ 2.26 $ 2.19
Diluted $ 1.83 [1] $ 2.26 $ 2.19
NCM      
Other income (expense)      
Distributions from NCM $ 15,389 $ 16,407 $ 14,656
Interest expense - NCM (19,724)    
Admissions      
Revenues      
Total revenues 1,834,173 1,794,982 1,789,137
Concession      
Revenues      
Total revenues 1,108,793 1,038,788 990,103
Other      
Revenues      
Total revenues $ 278,769 $ 157,777 $ 139,525
[1] See Note 3 for discussion of the adoption of ASC 606 and its impact on the income statement beginning in 2018.
[2] Includes amortization of debt issue costs.