Cinemark Holdings (CNK) FY2014 results: revenue $2.6 billion, down 2.1% on the year
Cinemark Holdings, Inc. (CNK) reported revenue of $2.6 billion for fiscal 2014, the year ended 31 December 2014, down 2.1% on the year before. Net income was $193 million, up 29.7%, and diluted earnings per share $1.66. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$2.6 billion
-2.1% on the year
FY2009FY2014
Operating margin
13.8%
15.5% a year earlier
FY2009FY2014
Net income
$193 million
+29.7% on the year
FY2009FY2014
Diluted EPS
$1.66
+29.7% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
2,627
2,683
2,474
-2.1%
Operating income
363
415
384
-12.6%
Operating margin
13.8%
15.5%
15.5%
Interest expense
114
125
124
-8.8%
Pre-tax income
290
264
297
+9.9%
Income tax
96.1
113
125
-15.2%
Effective tax rate
33.1%
42.9%
42.2%
Net income
193
148
169
+29.7%
Net margin
7.3%
5.5%
6.8%
Diluted EPS
$1.66
$1.28
$1.47
+29.7%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
455
310
395
+46.8%
Capital expenditure
245
260
221
-5.8%
Free cash flow
210
50.0
174
+319.9%
Free cash flow margin
8.0%
1.9%
7.1%
Cash from investing
-253
-365
-234
Cash from financing
-147
-76.2
63.4
Depreciation and amortisation
176
164
148
+7.1%
Share-based compensation
12.8
16.9
15.1
-24.1%
Dividends paid
116
106
96.4
+9.0%
Dividend per share
$1.00
$0.92
$0.84
+8.7%
Diluted shares, weighted
115m
114m
114m
+0.5%
Shares outstanding at period end
116m
115m
115m
+0.3%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,113
1,093
1,084
+1.8%
Non-controlling interest
10.3
9.0
10.9
+14.8%
Debt
1,823
1,833
1,764
-0.5%
Other liabilities
1,174
1,209
1,004
-2.9%
Total liabilities and equity
4,121
4,144
3,863
-0.6%
Fixed assets
1,451
1,427
1,305
+1.7%
Goodwill
1,277
1,288
1,151
-0.8%
Intangible assets
348
356
331
-2.3%
Cash and equivalents
639
600
743
+6.5%
Receivables
47.9
n/a
n/a
Inventory
13.4
13.7
12.6
-2.3%
Other assets
344
459
321
-25.0%
Total assets
4,121
4,144
3,863
-0.6%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.