Cinemark Holdings (CNK) FY2015 results: revenue $2.9 billion, up 8.6% on the year
Cinemark Holdings, Inc. (CNK) reported revenue of $2.9 billion for fiscal 2015, the year ended 31 December 2015, up 8.6% on the year before. Net income was $217 million, up 12.6%, and diluted earnings per share $1.87. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$2.9 billion
+8.6% on the year
FY2009FY2015
Operating margin
14.8%
13.8% a year earlier
FY2009FY2015
Net income
$217 million
+12.6% on the year
FY2009FY2015
Diluted EPS
$1.87
+12.7% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,853
2,627
2,683
+8.6%
Operating income
423
363
415
+16.5%
Operating margin
14.8%
13.8%
15.5%
Interest expense
113
114
125
-0.8%
Pre-tax income
348
290
264
+19.9%
Income tax
129
96.1
113
+34.2%
Effective tax rate
37.1%
33.1%
42.9%
Net income
217
193
148
+12.6%
Net margin
7.6%
7.3%
5.5%
Diluted EPS
$1.87
$1.66
$1.28
+12.7%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
456
455
310
+0.3%
Capital expenditure
332
245
260
+35.6%
Free cash flow
124
210
50.0
-40.9%
Free cash flow margin
4.4%
8.0%
1.9%
Cash from investing
n/a
-253
-365
Cash from financing
n/a
-147
-76.2
Depreciation and amortisation
189
176
164
+7.7%
Share-based compensation
15.8
12.8
16.9
+22.9%
Dividends paid
116
116
106
+0.2%
Dividend per share
$1.00
$1.00
$0.92
0.0%
Diluted shares, weighted
115m
115m
114m
+0.4%
Shares outstanding at period end
116m
116m
115m
+0.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,100
1,113
1,093
-1.2%
Non-controlling interest
11.1
10.3
9.0
+7.5%
Debt
1,815
1,823
1,833
-0.5%
Other liabilities
1,201
1,174
1,209
+2.3%
Total liabilities and equity
4,126
4,121
4,144
+0.1%
Fixed assets
1,505
1,451
1,427
+3.7%
Goodwill
1,248
1,277
1,288
-2.3%
Intangible assets
340
348
356
-2.4%
Cash and equivalents
589
639
600
-7.9%
Receivables
74.3
47.9
n/a
+55.0%
Inventory
16.0
13.4
13.7
+18.9%
Other assets
355
344
459
+3.3%
Total assets
4,126
4,121
4,144
+0.1%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.