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

Annual report pursuant to Section 13 and 15(d)

Segments (Tables)

Segments (Tables)

12 Months Ended

Dec. 31, 2011

Selected financial information by reportable operating segment


	Year Ended December 31,
	2009			2010			2011
Revenues:
U.S.	$	1,558,736		$	1,584,281		$	1,593,667
International		421,765			564,240			696,119
Eliminations		(4,001	)		(7,377	)		(10,173	)

Total revenues	$	1,976,500		$	2,141,144		$	2,279,613


	Year Ended December 31,
	2009		2010		2011
Adjusted EBITDA:
U.S.	$	361,685	$	363,345	$	371,212
International		83,839		122,575		148,261

Total Adjusted EBITDA	$	445,524	$	485,920	$	519,473


	Year Ended December 31,
	2010		2011
Capital Expenditures:
U.S.	$	70,474	$	79,510
International		85,628		105,309

Total capital expenditures	$	156,102	$	184,819

Reconciliation of net income to Adjusted EBITDA


	Year Ended December 31,
	2009			2010			2011
Net income	$	100,756		$	149,663		$	132,582
Add (deduct):
Income taxes		44,845			57,838			73,050
Interest expense ⁽¹⁾		102,505			112,444			123,102
Loss on early retirement of debt		27,878			3			4,945
Loss on marketable securities — RealD		—			—			12,610
Other income ⁽²⁾		(4,688	)		(3,721	)		(13,594	)
Depreciation and amortization ⁽³⁾		149,515			143,508			154,449
Impairment of long-lived assets		11,858			12,538			7,033
(Gain) loss on sale of assets and other		3,202			(431	)		8,792
Deferred lease expenses		3,960			3,940			4,155
Amortization of long-term prepaid rents		1,389			1,786			2,657
Share based awards compensation expense		4,304			8,352			9,692

Adjusted EBITDA	$	445,524		$	485,920		$	519,473

⁽¹⁾	Includes amortization of debt issue costs.

⁽²⁾	Includes interest income, foreign currency exchange gain (loss), and equity in income (loss) of affiliates and excludes distributions from NCM. Distributions from NCM are reported entirely within the U.S. operating segment.

⁽³⁾	Includes amortization of favorable/unfavorable leases.

Selected financial information by geographic area


	Year Ended December 31,
	2009			2010			2011
Revenues
U.S.	$	1,558,736		$	1,584,281		$	1,593,667
Brazil		218,236			315,884			358,820
Other foreign countries		203,529			248,356			337,299
Eliminations		(4,001	)		(7,377	)		(10,173	)

Total	$	1,976,500		$	2,141,144		$	2,279,613


	December 31,
	2010		2011
Theatres properties and equipment, net
U.S.	$	972,358	$	934,279
Brazil		129,361		149,294
Other foreign countries		113,727		155,277

Total	$	1,215,446	$	1,238,850

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References + Details

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details