Cinemark Holdings (CNK) FY2017 results: revenue $3.0 billion, up 2.5% on the year
Cinemark Holdings, Inc. (CNK) reported revenue of $3.0 billion for fiscal 2017, the year ended 31 December 2017, up 2.5% on the year before. Net income was $264 million, up 3.6%, and diluted earnings per share $2.26. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$3.0 billion
+2.5% on the year
FY2010FY2017
Operating margin
13.1%
14.5% a year earlier
FY2010FY2017
Net income
$264 million
+3.6% on the year
FY2010FY2017
Diluted EPS
$2.26
+3.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,992
2,919
2,853
+2.5%
Operating income
392
423
423
-7.2%
Operating margin
13.1%
14.5%
14.8%
Interest expense
106
108
113
-2.2%
Pre-tax income
345
361
348
-4.2%
Income tax
79.4
104
129
-23.6%
Effective tax rate
23.0%
28.8%
37.1%
Net income
264
255
217
+3.6%
Net margin
8.8%
8.7%
7.6%
Diluted EPS
$2.26
$2.19
$1.87
+3.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
529
463
456
+14.3%
Capital expenditure
381
327
332
+16.5%
Free cash flow
148
136
124
+8.9%
Free cash flow margin
5.0%
4.7%
4.4%
Cash from investing
-410
-328
n/a
Cash from financing
-158
-164
n/a
Depreciation and amortisation
238
209
189
+13.6%
Share-based compensation
12.7
13.4
15.8
-5.3%
Dividends paid
135
125
116
+7.6%
Dividend per share
$1.16
$1.08
$1.00
+7.4%
Diluted shares, weighted
116m
116m
115m
+0.2%
Shares outstanding at period end
116m
116m
116m
+0.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,394
1,262
1,100
+10.5%
Non-controlling interest
11.9
11.1
11.1
+6.7%
Debt
1,817
1,823
1,815
-0.3%
Other liabilities
1,248
1,211
1,201
+3.1%
Total liabilities and equity
4,471
4,307
4,126
+3.8%
Fixed assets
1,828
1,705
1,505
+7.2%
Goodwill
1,284
1,263
1,248
+1.7%
Intangible assets
337
335
340
+0.6%
Cash and equivalents
523
561
589
-6.9%
Receivables
89.2
75.0
74.3
+19.0%
Inventory
17.5
17.0
16.0
+3.2%
Other assets
393
351
355
+11.9%
Total assets
4,471
4,307
4,126
+3.8%
10-K for the year ended 31 December 2017, filed 28 February 2019: the filing.