Cinemark Holdings (CNK) FY2016 results: revenue $2.9 billion, up 2.3% on the year
Cinemark Holdings, Inc. (CNK) reported revenue of $2.9 billion for fiscal 2016, the year ended 31 December 2016, up 2.3% on the year before. Net income was $255 million, up 17.6%, and diluted earnings per share $2.19. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$2.9 billion
+2.3% on the year
FY2009FY2016
Operating margin
14.5%
14.8% a year earlier
FY2009FY2016
Net income
$255 million
+17.6% on the year
FY2009FY2016
Diluted EPS
$2.19
+17.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,919
2,853
2,627
+2.3%
Operating income
423
423
363
-0.1%
Operating margin
14.5%
14.8%
13.8%
Interest expense
108
113
114
-3.9%
Pre-tax income
361
348
290
+3.7%
Income tax
104
129
96.1
-19.5%
Effective tax rate
28.8%
37.1%
33.1%
Net income
255
217
193
+17.6%
Net margin
8.7%
7.6%
7.3%
Diluted EPS
$2.19
$1.87
$1.66
+17.1%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
463
456
455
+1.5%
Capital expenditure
327
332
245
-1.5%
Free cash flow
136
124
210
+9.6%
Free cash flow margin
4.7%
4.4%
8.0%
Cash from investing
-328
n/a
-253
Cash from financing
-164
n/a
-147
Depreciation and amortisation
209
189
176
+10.5%
Share-based compensation
13.4
15.8
12.8
-15.0%
Dividends paid
125
116
116
+8.3%
Dividend per share
$1.08
$1.00
$1.00
+8.0%
Diluted shares, weighted
116m
115m
115m
+0.3%
Shares outstanding at period end
116m
116m
116m
+0.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,262
1,100
1,113
+14.7%
Non-controlling interest
11.1
11.1
10.3
+0.3%
Debt
1,823
1,815
1,823
+0.5%
Other liabilities
1,211
1,201
1,174
+0.8%
Total liabilities and equity
4,307
4,126
4,121
+4.4%
Fixed assets
1,705
1,505
1,451
+13.3%
Goodwill
1,263
1,248
1,277
+1.2%
Intangible assets
335
340
348
-1.4%
Cash and equivalents
561
589
639
-4.6%
Receivables
75.0
74.3
47.9
+1.0%
Inventory
17.0
16.0
13.4
+6.3%
Other assets
351
355
344
-1.2%
Total assets
4,307
4,126
4,121
+4.4%
10-K for the year ended 31 December 2016, filed 28 February 2019: the filing.