Exhibit 5 reveals that Cinemark’s total revenues decreased 2 percent from 2013 to 2014, yet net income rose an impressive 30 percent—mostly explained by a $72 million loss the firm took in 2013 on an early retirement of debt. This number is consolidated into the other income (loss) line in Exhibit 5. Cinemark’s $2.7 billion in 2013 revenues includes 32 theaters acquired during that fiscal year. Through its acquisition strategy, however, Cinemark has accumulated over $1.2 billion in goodwill and $356 million in intangibles, exceeding total stockholders’ equity by over $500 million, as revealed in Exhibit 6. The firm also has total long-term debt of over $2 billion, or twice the total equity of the firm.
Exhibit 5
Cinemark’s Income Statement ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month, and much more.
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
