Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Admissions $ 425,128 $ 472,842 $ 1,351,477 $ 1,364,737
Concession 247,027 261,391 777,573 752,798
Other 38,593 34,341 112,503 100,312
Total revenues 710,748 768,574 2,241,553 2,217,847
Cost of operations        
Film rentals and advertising 226,229 249,766 725,603 733,101
Concession supplies 40,178 41,888 124,117 116,999
Salaries and wages 87,305 84,460 261,318 243,833
Facility lease expense 81,919 82,848 248,569 241,904
Utilities and other 92,341 94,999 271,751 265,506
General and administrative expenses 36,947 35,290 112,997 109,143
Depreciation and amortization 58,052 54,187 174,545 155,874
Impairment of long-lived assets 5,026 406 9,600 2,323
Loss on sale of assets and other 8,576 6,940 9,464 10,985
Total cost of operations 636,573 650,784 1,937,964 1,879,668
Operating income 74,175 117,790 303,589 338,179
Other income (expense)        
Interest expense [1] (26,317) (26,659) (79,208) (81,980)
Loss on debt amendments and refinancing 0 0 (246) (13,284)
Interest income 1,682 1,665 4,395 5,030
Foreign currency exchange gain 584 485 2,018 2,883
Distributions from NCM 2,144 1,381 11,704 10,117
Equity in income of affiliates 10,902 12,390 26,767 24,597
Total other expense (11,005) (10,738) (34,570) (52,637)
Income before income taxes 63,170 107,052 269,019 285,542
Income taxes 24,630 40,926 98,475 106,002
Net income 38,540 66,126 170,544 179,540
Less: Net income attributable to noncontrolling interests 401 471 1,438 1,454
Net income attributable to Cinemark Holdings, Inc. $ 38,139 $ 65,655 $ 169,106 $ 178,086
Weighted average shares outstanding        
Basic 115,823 115,601 115,746 115,475
Diluted 116,104 115,793 116,063 115,706
Earnings per share attributable to Cinemark Holdings, Inc.'s common stockholders        
Basic $ 0.33 $ 0.56 $ 1.45 $ 1.53
Diluted 0.33 0.56 1.45 1.53
Dividends declared per common share $ 0.29 $ 0.27 $ 0.87 $ 0.81
[1] Includes amortization of debt issue costs.