Cinemark Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

INVESTMENT IN NATIONAL CINEMEDIA LLC (Tables)

INVESTMENT IN NATIONAL CINEMEDIA LLC (Tables) - NCM

12 Months Ended

Dec. 31, 2016

Summary of Common Units Received Under Common Unit Adjustment Agreement

Below is a summary of common units received by the Company under the Common Unit Adjustment Agreement during the years ended December 31, 2014, 2015 and 2016:


Event	Date Common Units Received		Number of Common Units Received		Fair Value of Common Units Received
2014 Annual common unit adjustment		03/27/14		557,631	$	8,216
2015 Annual common unit adjustment		03/31/15		1,074,910	$	15,421
2016 Annual common unit adjustment		03/31/16		753,598	$	11,111

Summary of Activity With Equity Investee Included in the Company's Consolidated Financial Statements

Below is a summary of activity with NCM included in the Company’s consolidated financial statements for the periods indicated.


	Investment in NCM			Deferred Revenue			Distributions from NCM			Equity in Earnings			Other Revenue			Other Comprehensive (Income) Loss			Cash Received
Balance as of January 1, 2014	$	178,853		$	(334,429	)
Receipt of common units due to annual common unit adjustment		8,216			(8,216	)	$	—		$	—		$	—		$	—		$	—
Revenues earned under ESA ⁽¹⁾		—			—			—			—			(9,249	)		—			9,249
Receipt of excess cash distributions		(12,574	)		—			(14,778	)		—			—			—			27,352
Receipt under tax receivable agreement		(2,594	)		—			(3,763	)		—			—			—			6,357
Equity in earnings		6,142			—			—			(6,142	)		—			—			—
Equity in other comprehensive income		896			—			—			—			—			(896	)		—
Amortization of deferred revenue		—			7,426			—			—			(7,426	)		—			—

Balance as of and for the period ended December 31, 2014	$	178,939		$	(335,219	)	$	(18,541	)	$	(6,142	)	$	(16,675	)	$	(896	)	$	42,958

Receipt of common units due to annual common unit adjustment		15,421			(15,421	)	$	—		$	—		$	—		$	—		$	—
Revenues earned under ESA ⁽¹⁾		—			—			—			—			(11,330	)		—			11,330
Receipt of excess cash distributions		(14,072	)		—			(15,396	)		—			—			—			29,468
Receipt under tax receivable agreement		(2,308	)		—			(2,744	)		—			—			—			5,052
Equity in earnings		8,510			—			—			(8,510	)		—			—			—
Equity in other comprehensive loss		(2,735	)		—			—			—			—			2,735			—
Amortization of deferred revenue		—			8,506			—			—			(8,506	)		—			—

Balance as of and for the period ended December 31, 2015	$	183,755		$	(342,134	)	$	(18,140	)	$	(8,510	)	$	(19,836	)	$	2,735		$	45,850

Receipt of common units due to annual common unit adjustment		11,111			(11,111	)	$	—		$	—		$	—		$	—		$	—
Revenues earned under ESA ⁽¹⁾		—			—			—			—			(11,048	)		—			11,048
Receipt of excess cash distributions		(11,233	)		—			(11,483	)		—			—			—			22,716
Receipt under tax receivable agreement		(2,985	)		—			(3,173	)		—			—			—			6,158
Equity in earnings		9,347			—			—			(9,347	)		—			—			—
Amortization of deferred revenue		—			9,317			—			—			(9,317	)		—			—

Balance as of and for the period ended December 31, 2016	$	189,995		$	(343,928	)	$	(14,656	)	$	(9,347	)	$	(20,365	)	$	—		$	39,922

⁽¹⁾

Amounts include the per patron and per digital screen theatre access fees due to the Company, net of amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire. The amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire were approximately $11,489, $9,819 and $10,523 for the years ended December 31, 2014, 2015 and 2016, respectively.