Cinemark Holdings (CNK) FY2019 results: revenue $3.3 billion, up 1.9% on the year
Cinemark Holdings, Inc. (CNK) reported revenue of $3.3 billion for fiscal 2019, the year ended 31 December 2019, up 1.9% on the year before. Net income was $191 million, down 10.5%, and diluted earnings per share $1.63. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$3.3 billion
+1.9% on the year
FY2012FY2019
Operating margin
10.3%
12.1% a year earlier
FY2012FY2019
Net income
$191 million
-10.5% on the year
FY2012FY2019
Diluted EPS
$1.63
-10.9% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
3,283
3,222
2,992
+1.9%
Operating income
338
388
392
-12.9%
Operating margin
10.3%
12.1%
13.1%
Interest expense
99.9
110
106
-9.1%
Pre-tax income
274
311
345
-11.9%
Income tax
79.9
95.4
79.4
-16.3%
Effective tax rate
29.2%
30.7%
23.0%
Net income
191
214
264
-10.5%
Net margin
5.8%
6.6%
8.8%
Diluted EPS
$1.63
$1.83
$2.26
-10.9%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
562
557
529
+0.9%
Capital expenditure
304
346
381
-12.3%
Free cash flow
258
211
148
+22.5%
Free cash flow margin
7.9%
6.5%
5.0%
Cash from investing
-311
-451
-410
Cash from financing
-187
-193
-158
Depreciation and amortisation
261
261
238
-0.0%
Share-based compensation
14.6
14.3
12.7
+1.9%
Dividends paid
159
149
135
+6.5%
Dividend per share
$1.36
$1.28
$1.16
+6.3%
Diluted shares, weighted
117m
116m
116m
+0.2%
Shares outstanding at period end
117m
117m
116m
+0.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,436
1,396
1,394
+2.8%
Non-controlling interest
12.5
12.4
11.9
+1.0%
Debt
1,801
1,809
1,817
-0.4%
Operating lease liabilities
1,223
0.0
n/a
Finance lease liabilities
141
n/a
n/a
Other liabilities
1,214
1,264
1,248
-4.0%
Total liabilities and equity
5,828
4,482
4,471
+30.0%
Fixed assets
1,735
1,833
1,828
-5.3%
Goodwill
1,283
1,276
1,284
+0.6%
Intangible assets
322
331
337
-2.8%
Cash and equivalents
488
426
523
+14.6%
Receivables
83.7
95.1
89.2
-11.9%
Inventory
21.7
19.3
17.5
+12.3%
Other assets
1,894
501
393
+278.1%
Total assets
5,828
4,482
4,471
+30.0%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.