Q3’19 Earnings Supplemental Presentation
Operating Income to Adjusted OIBDA and Adjusted
OIBDA Margin
$ in millions
Operating income
Depreciation expense
Amortization expense (1)
Amortization of intangibles recorded for network
theater screen leases (1)
Share-based compensation costs (2)
CEO transition costs
Adjusted OIBDA
Total revenue
Adjusted OIBDA margin
Three Months Ended
September 26, September 27,
2019
2018
$
$
40.0 $
3.4
6.8
1.4
0.1
51.7 $
110.5 $
46.8 %
Nine Months Ended
September 26, September 27,
2019
2018
42.3 $
3.1
6.9
1.3
53.6 $
110.1 $
48.7 %
88.6 S
10.0
20.7
4.3
0.4
124.0 $
297.6 $
41.7 %
93.5
9.0
20.5
6.2
129.2
304.0
42.5 %
(1) Following the adoption of ASC 842 - Leases, amortization of intangible assets related to the common unit
adjustments and upfront payments from affiliates for network screens are considered a form of lease expense and
have been reclassified to this account as of the adoption date, December 28, 2018. The Company adopted ASC
842 prospectively and thus, prior period balances remain within amortization expense.
(2) Share-based compensation costs are included in network operations, selling and marketing and administrative
expense.
NCM
NATIONAL CINEMEDIA
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