Q3 2023 Results - Cinemark
3Q 2023 Non-GAAP Measure Reconciliations
CINEMARK™
Reconciliation of Net Income/(Loss) to Adjusted EBITDA 1)
3Q 2023 3Q 2022 3Q 2019
Reconciliation of Cash Flows
Provided by Operating Activities to Free Cash Flow 1)
Net Income/(Loss)
$91
$(24)
$32
Cash flows provided by (used for) operating activities
3Q 2023 3Q 2022
$85
3Q 2019
$(18)
$93
Add (deduct):
Deduct:
Income taxes
Interest expense
2)
28
21
38
38
300
14
Capital Expenditures
25
Free Cash Flow
35
25
71
$50
$(43)
$22
Other (income) expense, net
3)
(5)
LO
5
(10)
Cash distributions from equity investees
4)
2
8
Depreciation and amortization
52
58
Impairment of long-lived and other assets
2
15
85
68
Reconciliation of Adjusted EBITDA Margin 1)
27
(Gain)/Loss on disposal of assets and other
(6)
1
2
Non-cash rent expense
(5)
(3)
(1)
Total Revenues
Share based awards compensation expense
5)
5
Adjusted EBITDA
$197
$100
$170
Adjusted EBITDA
Adjusted EBITDA Margin
3Q 2023 3Q 2022 3Q 2019
$875
$650
$822
197
100
170
22.5%
15.3%
20.7%
2) Includes amortization of debt issue costs, amortization of original issue discount and amortization of accumulated (gains) losses for amended swap agreements.
3) Includes interest income, foreign currency exchange and other related gain (loss), interest expense - NCM, equity in income (loss) of affiliates, and unrealized gain on investment in NCM.
4) Includes 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.
5) Non-cash expense included in general and administrative expenses.
1) In millions
20
20View entire presentation