Cinemark holdings, inc. reports q1 2013 adjusted ebitda of $116.3
million on revenues of $547.8 million
Plano, texas--(business wire)--cinemark holdings, inc. (nyse: cnk), one of the largest motion picture exhibitors in the world, today reported results for the three months ended march 31, 2013. cinemark holdings, inc.’s revenues for the three months ended march 31, 2013 were $547.8 million compared to $578.8 million for the three months ended march 31, 2012. for the three months ended march 31, 2013, admissions revenues were $349.4 million and concession revenues were $172.4 million. the average ticket price for the three months ended march 31, 2013 increased to $6.09 and concession revenues per patron increased to $3.00. adjusted ebitda for the three months ended march 31, 2013 was $116.3 million compared to $140.3 million for the three months ended march 31, 2012. reconciliations of non-gaap financial measures are provided in the financial schedules accompanying this press release. net income attributable to cinemark holdings, inc. for the three months ended march 31, 2013 was $32.6 million compared to $42.1 million for the three months ended march 31, 2012. diluted earnings per share for the three months ended march 31, 2013 was $0.28 compared to $0.37 for the three months ended march 31, 2012. “cinemark’s worldwide box office results outperformed the north american industry box office for q1 2013 by approximately 600 basis points, and has now outperformed the industry for 15 out of the past 16 consecutive quarters on a currency adjusted basis,” stated tim warner, cinemark’s chief executive officer. “our international segment reported admissions revenue growth of 7.1% this quarter, reiterating the long term growth opportunity provided by this segment.” as of march 31, 2013, cinemark operated 467 theatres with 5,259 screens and had commitments to open 22 new theatres with 195 screens during the remainder of 2013 and 9 additional new theatres with 97 screens subsequent to 2013. conference call/webcast – today at 8:00am et telephone: via 888-755-8910 or 706-679-3149 (for international callers). live webcast/replay: available live at investors.cinemark.com. a replay will be available following the call and archived for a limited time. about cinemark holdings, inc. cinemark is a leading domestic and international motion picture exhibitor, operating 467 theatres with 5,259 screens in 39 u.s. states, brazil, mexico, argentina and 10 other latin american countries as of march 31, 2013. for more information go to investors.cinemark.com. forward-looking statements this press release includes "forward-looking statements" within the meaning of section 27a of the securities act of 1933, as amended, and section 21e of the securities exchange act of 1934, as amended. the “forward-looking statements” include our current expectations, assumptions, estimates and projections about our business and our industry. they include statements relating to future revenues, expenses and profitability, the future development and expected growth of our business, projected capital expenditures, attendance at movies generally or in any of the markets in which we operate, the number or diversity of popular movies released and our ability to successfully license and exhibit popular films, national and international growth in our industry, competition from other exhibitors and alternative forms of entertainment and determinations in lawsuits in which we are defendants. you can identify forward-looking statements by the use of words such as “may,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “plans,” “expects,” “future” and “intends” and similar expressions which are intended to identify forward-looking statements. these statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. in evaluating forward-looking statements, you should carefully consider the risks and uncertainties described in the “risk factors” section or other sections in the company’s annual report on form 10-k filed february 28, 2013 and quarterly reports on form 10-q. all forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements and risk factors. forward-looking statements contained in this press release reflect our view only as of the date of this press release. we undertake no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 2013 2012 2013 2012 2012 2012 (unaudited, in thousands) 2013 2012 2013 2012 deferred lease expenses – theatres(2) deferred lease expenses – dcip equipment (3)
