Cinemark Holdings (CNK) FY2013 results: revenue $2.7 billion, up 8.5% on the year
Cinemark Holdings, Inc. (CNK) reported revenue of $2.7 billion for fiscal 2013, the year ended 31 December 2013, up 8.5% on the year before. Net income was $148 million, down 12.1%, and diluted earnings per share $1.28. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$2.7 billion
+8.5% on the year
FY2009FY2013
Operating margin
15.5%
15.5% a year earlier
FY2009FY2013
Net income
$148 million
-12.1% on the year
FY2009FY2013
Diluted EPS
$1.28
-12.9% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
2,683
2,474
2,280
+8.5%
Operating income
415
384
309
+8.3%
Operating margin
15.5%
15.5%
13.5%
Interest expense
125
124
123
+0.8%
Pre-tax income
264
297
n/a
-11.1%
Income tax
113
125
73.0
-9.6%
Effective tax rate
42.9%
42.2%
n/a
Net income
148
169
131
-12.1%
Net margin
5.5%
6.8%
5.7%
Diluted EPS
$1.28
$1.47
$1.14
-12.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
310
395
391
-21.6%
Capital expenditure
260
221
185
+17.6%
Free cash flow
50.0
174
206
-71.3%
Free cash flow margin
1.9%
7.1%
9.1%
Cash from investing
-365
-234
-247
Cash from financing
-76.2
63.4
-78.4
Depreciation and amortisation
164
148
154
+11.0%
Share-based compensation
16.9
15.1
9.7
+12.1%
Dividends paid
106
96.4
95.8
+10.0%
Dividend per share
$0.92
$0.84
$0.84
+9.5%
Diluted shares, weighted
114m
114m
113m
+0.5%
Shares outstanding at period end
115m
115m
114m
+0.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,093
1,084
1,013
+0.9%
Non-controlling interest
9.0
10.9
10.8
-17.6%
Debt
1,833
1,764
1,572
+3.9%
Other liabilities
1,209
1,004
927
+20.4%
Total liabilities and equity
4,144
3,863
3,522
+7.3%
Fixed assets
1,427
1,305
1,239
+9.4%
Goodwill
1,288
1,151
1,151
+11.9%
Intangible assets
356
331
337
+7.7%
Cash and equivalents
600
743
521
-19.2%
Inventory
13.7
12.6
11.3
+9.3%
Other assets
459
321
263
+42.8%
Total assets
4,144
3,863
3,522
+7.3%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.