Cinemark Holdings (CNK) FY2018 results: revenue $3.2 billion, up 7.7% on the year
Cinemark Holdings, Inc. (CNK) reported revenue of $3.2 billion for fiscal 2018, the year ended 31 December 2018, up 7.7% on the year before. Net income was $214 million, down 19.1%, and diluted earnings per share $1.83. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$3.2 billion
+7.7% on the year
FY2011FY2018
Operating margin
12.1%
13.1% a year earlier
FY2011FY2018
Net income
$214 million
-19.1% on the year
FY2011FY2018
Diluted EPS
$1.83
-19.0% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
3,222
2,992
2,919
+7.7%
Operating income
388
392
423
-1.0%
Operating margin
12.1%
13.1%
14.5%
Interest expense
110
106
108
+3.8%
Pre-tax income
311
345
361
-10.0%
Income tax
95.4
79.4
104
+20.3%
Effective tax rate
30.7%
23.0%
28.8%
Net income
214
264
255
-19.1%
Net margin
6.6%
8.8%
8.7%
Diluted EPS
$1.83
$2.26
$2.19
-19.0%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
557
529
463
+5.3%
Capital expenditure
346
381
327
-9.1%
Free cash flow
211
148
136
+42.3%
Free cash flow margin
6.5%
5.0%
4.7%
Cash from investing
-451
-410
-328
Cash from financing
-193
-158
-164
Depreciation and amortisation
261
238
209
+10.0%
Share-based compensation
14.3
12.7
13.4
+13.1%
Dividends paid
149
135
125
+10.7%
Dividend per share
$1.28
$1.16
$1.08
+10.3%
Diluted shares, weighted
116m
116m
116m
+0.2%
Shares outstanding at period end
117m
116m
116m
+0.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,396
1,394
1,262
+0.2%
Non-controlling interest
12.4
11.9
11.1
+4.1%
Debt
1,809
1,817
1,823
-0.4%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
1,264
1,248
1,211
+1.3%
Total liabilities and equity
4,482
4,471
4,307
+0.2%
Fixed assets
1,833
1,828
1,705
+0.3%
Goodwill
1,276
1,284
1,263
-0.6%
Intangible assets
331
337
335
-1.7%
Cash and equivalents
426
523
561
-18.4%
Receivables
95.1
89.2
75.0
+6.5%
Inventory
19.3
17.5
17.0
+10.4%
Other assets
501
393
351
+27.5%
Total assets
4,482
4,471
4,307
+0.2%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.