Segments (Tables)
|
12 Months Ended |
Dec. 31, 2011
|
Segments [Abstract] |
|
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 |
|
|
|
|
|
|
|
|
|
|
|