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Segments (Tables)

3 Months Ended

Mar. 31, 2014

Selected Financial Information by Reportable Operating Segment

Below is a breakdown of selected financial information by reportable operating segment:


	Three Months Ended March 31,
	2014			2013
Revenues
U.S.	$	444,920		$	366,363
International		160,192			184,193
Eliminations		(2,832	)		(2,783	)

Total revenues	$	602,280		$	547,773

Adjusted EBITDA
U.S.	$	93,540		$	80,078
International		35,015			36,178

Total Adjusted EBITDA	$	128,555		$	116,256

Capital expenditures
U.S.	$	30,312		$	6,156
International		22,494			30,733

Total capital expenditures	$	52,806		$	36,889

Reconciliation of Net Income to Adjusted EBITDA

The following table sets forth a reconciliation of net income to Adjusted EBITDA:


	Three Months Ended
	March 31,
	2014			2013
Net income	$	35,696		$	33,062
Add (deduct):
Income taxes		20,862			10,618
Interest expense ⁽¹⁾		28,480			32,606
Other income ⁽²⁾		(7,686	)		(4,554	)
Depreciation and amortization		42,496			39,032
Impairment of long-lived assets		354			844
(Gain) loss on sale of assets and other		2,853			(342	)
Deferred lease expenses		1,599			890
Amortization of long-term prepaid rents		378			650
Share based awards compensation expense		3,523			3,450

Adjusted EBITDA	$	128,555		$	116,256

⁽¹⁾	Includes amortization of debt issue costs.

⁽²⁾	Includes interest income, foreign currency exchange gain and equity in income of affiliates and excludes distributions from NCM. Distributions from NCM are reported entirely within the U.S. operating segment.

Selected Financial Information by Geographic Area

Below is a breakdown of selected financial information by geographic area:


	Three Months Ended
	March 31,
Revenues	2014			2013
U.S.	$	444,920		$	366,363
Brazil		75,399			82,117
Other international countries		84,793			102,076
Eliminations		(2,832	)		(2,783	)

Total	$	602,280		$	547,773


Theatre Properties and Equipment-net	March 31, 2014			December 31, 2013
U.S.	$	1,057,365		$	1,062,471
Brazil		221,082			201,492
Other international countries		156,654			163,227

Total	$	1,435,101		$	1,427,190

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details