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

Annual report pursuant to Section 13 and 15(d)

OTHER INVESTMENTS (Tables)

OTHER INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Below is a summary of activity for each of the Company’s other investments for the periods indicated:


	DCIP			RealD			AC JV, LLC			DCDC			Other			Total
Balance at January 1, 2014	$	38,033		$	10,443		$	6,426		$	2,589		$	2,166		$	59,657
Cash contributions		2,188			—			—			—			—			2,188
Equity in income (loss)		15,279			—			1,473			(151	)		—			16,601
Equity in other comprehensive loss		(219	)		—			—			—			—			(219	)
Unrealized holding gain		—			3,986			—			—			—			3,986
Cash distributions received		(4,004	)		—			—			—			—			(4,004	)
Other		—			—			—			—			(551	)		(551	)

Balance at December 31, 2014	$	51,277		$	14,429		$	7,899		$	2,438		$	1,615		$	77,658
Cash contributions		3,211			—			—			—			500			3,711
Equity in income		18,522			—			970			124			—			19,616
Equity in other comprehensive loss		(384	)		—			—			—			—			(384	)
Unrealized holding loss		—			(1,529	)		—			—			—			(1,529	)
Sale of investment in Taiwan ⁽¹⁾		—			—			—			—			(1,383	)		(1,383	)
Cash distributions received		(1,047	)		—			(1,600	)		—			—			(2,647	)
Other		—			—			—			—			(69	)		(69	)

Balance at December 31, 2015	$	71,579		$	12,900		$	7,269		$	2,562		$	663		$	94,973
Cash contributions		717			—			—			—			—			717
Equity in income		21,434			—			311			870			—			22,615
Equity in other comprehensive income		89			—			—			—			—			89
Sale of investment⁽²⁾		—			(12,900	)		—			—			—			(12,900	)
Cash distributions received		(6,000	)		—			(1,600	)		(98	)		—			(7,698	)
Other		—			—			—			(584	)		1,105			521

Balance at December 31, 2016	$	87,819		$	—		$	5,980		$	2,750		$	1,768		$	98,317

⁽¹⁾	The Company sold its investment in a Taiwan joint venture for $2,634, resulting in a gain of $1,251, which is included in loss on sale of assets and other for the year ended December 31, 2015.

⁽²⁾	See further discussion of the sale of the investment held by the Company under RealD, Inc. below.

Transactions with DCIP

The Company had the following transactions with DCIP during the years ended December 31, 2014, 2015 and 2016:


	Year Ended December 31,
	2014			2015			2016
Equipment lease payments	$	4,012		$	4,474		$	5,217
Warranty reimbursements from DCIP	$	(3,169	)	$	(4,329	)	$	(6,091	)
Management services fees	$	782		$	825		$	825

NCM

Summary Financial Information

The tables below present summary financial information for NCM for the periods indicated (financial information for NCM’s fiscal year ended December 29, 2016 is not yet available):


	Year Ended				Nine Months Ended September 29, 2016
	January 1, 2015		December 31, 2015		Nine Months Ended September 29, 2016
Gross revenues	$	393,994	$	446,463	$	305,101
Operating income	$	159,624	$	140,498	$	100,911
Net income	$	96,309	$	87,474	$	49,619


	As of December 31, 2015		As of September 29, 2016
Total assets	$	782,579	$	758,607
Total liabilities	$	1,049,145	$	1,007,704

Digital Cinema Implementation Partners

Summary Financial Information

Below is summary financial information for DCIP as of and for the years ended December 31, 2014, 2015 and 2016.


	Year ended December 31,
	2014		2015		2016
Net operating revenue	$	170,724	$	171,203	$	178,836
Operating income	$	101,956	$	103,449	$	107,919
Net income	$	61,293	$	79,255	$	89,152


	As of
	December 31, 2015		December 31, 2016
Total assets	$	1,004,757	$	906,377
Total liabilities	$	675,192	$	509,197