Cinemark Holdings (CNK) FY2020 results: revenue $686 million, down 79.1% on the year
Cinemark Holdings, Inc. (CNK) reported revenue of $686 million for fiscal 2020, the year ended 31 December 2020, down 79.1% on the year before. Net income was -$617 million, and diluted earnings per share $-5.25. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$686 million
-79.1% on the year
FY2013FY2020
Operating margin
-110.0%
10.3% a year earlier
FY2013FY2020
Net income
-$617 million
FY2013FY2020
Diluted EPS
-$5.25
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
686
3,283
3,222
-79.1%
Operating income
-755
338
388
Operating margin
-110.0%
10.3%
12.1%
Interest expense
130
99.9
110
+29.9%
Pre-tax income
-927
274
311
Income tax
-309
79.9
95.4
Effective tax rate
n/a
29.2%
30.7%
Net income
-617
191
214
Net margin
-89.9%
5.8%
6.6%
Diluted EPS
-$5.25
$1.63
$1.83
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
-330
562
557
Capital expenditure
83.9
304
346
-72.4%
Free cash flow
-414
258
211
Free cash flow margin
-60.3%
7.9%
6.5%
Cash from investing
-83.4
-311
-451
Cash from financing
584
-187
-193
Depreciation and amortisation
260
261
261
-0.5%
Share-based compensation
19.4
14.6
14.3
+32.8%
Dividends paid
42.3
159
149
-73.4%
Dividend per share
$0.36
$1.36
$1.28
-73.5%
Diluted shares, weighted
117m
117m
116m
+0.1%
Shares outstanding at period end
119m
117m
117m
+1.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
788
1,436
1,396
-45.1%
Non-controlling interest
11.0
12.5
12.4
-12.1%
Debt
2,528
1,801
1,809
+40.3%
Operating lease liabilities
1,138
1,223
0.0
-7.0%
Finance lease liabilities
125
141
n/a
-11.6%
Other liabilities
973
1,214
1,264
-19.8%
Total liabilities and equity
5,563
5,828
4,482
-4.5%
Fixed assets
1,615
1,735
1,833
-6.9%
Goodwill
1,254
1,283
1,276
-2.3%
Intangible assets
314
322
331
-2.4%
Cash and equivalents
655
488
426
+34.2%
Receivables
25.3
83.7
95.1
-69.8%
Inventory
12.6
21.7
19.3
-41.9%
Other assets
1,687
1,894
501
-10.9%
Total assets
5,563
5,828
4,482
-4.5%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.