Investor Presentaiton
CINEMARKā¢
Reconciliation of Cash Flows
Provided by Operating Activities to Free Cash Flow 1)
2022 Non-GAAP Measure Reconciliations
Reconciliation of Net Income/(Loss) to Adjusted EBITDA 1)
FY 2022 FY 2021 FY 2019
Net Income/(Loss)
Add (deduct):
Income taxes
Interest expense
($268)
($422)
$194
Cash flows provided by operating activities
FY 2022
FY 2021
FY 2019
$136
$166
$562
Deduct:
3
(17)
80
Capital Expenditures
2)
155
150
100
Free Cash Flow
111
95
304
$25
$71
$258
Loss on extinguishment of debt
7
Other (income) expense, net
3)
24
44
(22)
Cash distributions from other equity investees
4)
7
53
Depreciation and amortization
238
265
261
Impairment of long-lived assets and
174
21
57
investments
(Gain)/Loss on disposal of assets and other
(7)
8
12
Restructuring costs
(0.5)
(1)
Non-cash rent expense
(11)
(3)
(4)
Total Revenues
Share based awards compensation expense
22
29
15
Adjusted EBITDA
Adjusted EBITDA
$336
$80
$745 Adjusted EBITDA Margin
Reconciliation of Adjusted EBITDA Margin 1)
$2,455
FY 2022 FY 2021
$1,511
FY 2019
$3,283
337
80
745
13.7%
5.3%
22.7%
3) Includes interest income, foreign currency exchange gain (loss), interest expense - NCM and equity in income (loss) of affiliates and excludes distributions from NCM.
4) Reflects cash distributions received from equity investees that were recorded as a reduction of the respective investment balances. These distributions are reported entirely within the U.S. operating segment.
1) In millions
2)
Includes amortization of debt issue costs.
22
22View entire presentation