|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
|
4 Months Ended |
12 Months Ended |
5 Months Ended |
|
Dec. 31, 2012
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Aug. 30, 2012
|
| Revenues |
|
|
|
|
| Admissions |
$ 548,632,000 |
$ 1,765,388,000 |
$ 1,847,327,000 |
|
| Food and beverage |
229,739,000 |
797,735,000 |
786,912,000 |
|
| Other theatre |
33,121,000 |
132,267,000 |
115,189,000 |
|
| Total revenues |
811,492,000 |
2,695,390,000 |
2,749,428,000 |
|
| Operating costs and expenses |
|
|
|
|
| Film exhibition costs |
291,561,000 |
934,246,000 |
976,912,000 |
|
| Food and beverage costs |
30,545,000 |
111,991,000 |
107,325,000 |
|
| Operating expense |
230,434,000 |
733,338,000 |
726,641,000 |
|
| Rent |
143,374,000 |
455,239,000 |
451,828,000 |
|
| General and administrative: |
|
|
|
|
| Merger, acquisition and transaction costs |
3,366,000 |
1,161,000 |
2,883,000 |
|
| Other |
29,110,000 |
64,873,000 |
97,288,000 |
|
| Depreciation and amortization |
71,633,000 |
216,321,000 |
197,537,000 |
|
| Impairment of long-lived assets |
0 |
3,149,000 |
|
|
| Operating costs and expenses |
800,023,000 |
2,520,318,000 |
2,560,414,000 |
|
| Operating income |
11,469,000 |
175,072,000 |
189,014,000 |
|
| Other expense (income) |
|
|
|
|
| Other expense (income) |
49,000 |
(8,344,000) |
(1,415,000) |
|
| Interest expense: |
|
|
|
|
| Corporate borrowings |
45,259,000 |
111,072,000 |
129,963,000 |
|
| Capital and financing lease obligations |
1,873,000 |
9,867,000 |
10,264,000 |
|
| Equity in (earnings) losses of non-consolidated entities |
2,480,000 |
(26,615,000) |
(47,435,000) |
|
| Investment expense (income) |
290,000 |
(8,145,000) |
(2,084,000) |
|
| Total other expense |
49,951,000 |
77,835,000 |
89,293,000 |
|
| Earnings (loss) from continuing operations before income taxes |
(38,482,000) |
97,237,000 |
99,721,000 |
|
| Income tax provision (benefit) |
3,500,000 |
33,470,000 |
(263,383,000) |
|
| Earnings (loss) from continuing operations |
(41,982,000) |
63,767,000 |
363,104,000 |
|
| Gain (loss) from discontinued operations, net of income taxes |
(688,000) |
313,000 |
1,296,000 |
|
| Net earnings (loss) |
(42,670,000) |
64,080,000 |
364,400,000 |
|
| Basic earnings (loss) per share: |
|
|
|
|
| Earnings (loss) from continuing operations (in dollars per share) |
$ (0.56) |
$ 0.65 |
$ 4.74 |
|
| Earnings (loss) from discontinued operations (in dollars per share) |
$ (0.01) |
$ 0.01 |
$ 0.02 |
|
| Basic earnings (loss) per share (in dollars per share) |
$ (0.57) |
$ 0.66 |
$ 4.76 |
|
| Average shares outstanding-Basic (in shares) |
74,988 |
97,506 |
76,527 |
|
| Diluted earnings (loss) per share: |
|
|
|
|
| Earnings (loss) from continuing operations (in dollars per share) |
$ (0.56) |
$ 0.65 |
$ 4.74 |
|
| Earnings (loss) from discontinued operations (in dollars per share) |
$ (0.01) |
$ 0.01 |
$ 0.02 |
|
| Diluted earnings (loss) per share (in dollars per share) |
$ (0.57) |
$ 0.66 |
$ 4.76 |
|
| Average shares outstanding-Diluted (in shares) |
74,988 |
97,700 |
76,527 |
|
| Dividends declared per basic and diluted common share |
|
$ 0.60 |
|
|
| Predecessor |
|
|
|
|
| Revenues |
|
|
|
|
| Admissions |
|
|
|
816,031,000 |
| Food and beverage |
|
|
|
342,130,000 |
| Other theatre |
|
|
|
47,911,000 |
| Total revenues |
|
|
|
1,206,072,000 |
| Operating costs and expenses |
|
|
|
|
| Film exhibition costs |
|
|
|
436,539,000 |
| Food and beverage costs |
|
|
|
47,326,000 |
| Operating expense |
|
|
|
297,328,000 |
| Rent |
|
|
|
189,086,000 |
| General and administrative: |
|
|
|
|
| Merger, acquisition and transaction costs |
|
|
|
4,417,000 |
| Management fee |
|
|
|
2,500,000 |
| Other |
|
|
|
27,023,000 |
| Depreciation and amortization |
|
|
|
80,971,000 |
| Operating costs and expenses |
|
|
|
1,085,190,000 |
| Operating income |
|
|
|
120,882,000 |
| Other expense (income) |
|
|
|
|
| Other expense (income) |
|
|
|
960,000 |
| Interest expense: |
|
|
|
|
| Corporate borrowings |
|
|
|
67,614,000 |
| Capital and financing lease obligations |
|
|
|
2,390,000 |
| Equity in (earnings) losses of non-consolidated entities |
|
|
|
(7,545,000) |
| Investment expense (income) |
|
|
|
(41,000) |
| Total other expense |
|
|
|
63,378,000 |
| Earnings (loss) from continuing operations before income taxes |
|
|
|
57,504,000 |
| Income tax provision (benefit) |
|
|
|
2,500,000 |
| Earnings (loss) from continuing operations |
|
|
|
55,004,000 |
| Gain (loss) from discontinued operations, net of income taxes |
|
|
|
35,153,000 |
| Net earnings (loss) |
|
|
|
$ 90,157,000 |
| Basic earnings (loss) per share: |
|
|
|
|
| Earnings (loss) from continuing operations (in dollars per share) |
|
|
|
$ 0.87 |
| Earnings (loss) from discontinued operations (in dollars per share) |
|
|
|
$ 0.55 |
| Basic earnings (loss) per share (in dollars per share) |
|
|
|
$ 1.42 |
| Average shares outstanding-Basic (in shares) |
|
|
|
63,335 |
| Diluted earnings (loss) per share: |
|
|
|
|
| Earnings (loss) from continuing operations (in dollars per share) |
|
|
|
$ 0.86 |
| Earnings (loss) from discontinued operations (in dollars per share) |
|
|
|
$ 0.55 |
| Diluted earnings (loss) per share (in dollars per share) |
|
|
|
$ 1.41 |
| Average shares outstanding-Diluted (in shares) |
|
|
|
63,715 |