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Carmike Cinemas Inc (CKEC) SEC Filing 10-Q Quarterly report for the period ending Friday, September 30, 2016

Carmike Cinemas Inc

CIK: 799088 Ticker: CKEC


Exhibit 99.1
                                
ckecq32016resultsimage1.jpg


CARMIKE CINEMAS REPORTS 2016 THIRD QUARTER
REVENUE OF $209.7 MILLION

COLUMBUS, Georgia – November 7, 2016 – Carmike Cinemas, Inc. (NASDAQ: CKEC) (“Carmike”), a leading entertainment, digital cinema, alternative content and 3-D motion picture exhibitor, today reported results for the three and nine-month periods ended September 30, 2016, as summarized below.

SUMMARY FINANCIAL DATA
(unaudited)
 
Three Months Ended
September 30
 
Nine Months Ended
September 30
(in millions)
2016
 
2015
 
2016
 
2015
Total revenue
$
209.7

 
$
180.2

 
$
620.6

 
$
583.7

Operating income
8.0

 
2.8

 
32.5

 
41.7

Interest expense
12.4

 
12.3

 
37.1

 
37.6

Theatre level cash flow (1)
38.2

 
25.6

 
119.1

 
108.1

Net loss
(1.4
)
 
(6.3
)
 
(0.8
)
 
(7.3
)
Adjusted net income (loss) (1)
4.1

 
(4.6
)
 
11.9

 
7.3

Adjusted EBITDA (1)
32.7

 
20.1

 
100.0

 
90.7

 
 
 
 
 
 
 
 
 
 
 
 
(in millions)
Sept. 30, 2016
 
Dec. 31, 2015
Total debt(1)
$
462.4
 
 
$
454.7
 
Net debt(1)
$
367.1
 
 
$
352.2
 
(1)
Theatre level cash flow, adjusted net income (loss), adjusted EBITDA, total debt and net debt is supplemental non-GAAP financial measures. The most comparable GAAP measures are net loss and long-term debt. Reconciliations of theatre level cash flow and adjusted EBITDA to net loss and adjusted net income(loss) to net loss for the three and nine months ended September 30, 2016 and 2015, as well as a schedule of total debt and net debt as of September 30, 2016 and December 31, 2015, are included in the supplementary tables accompanying this news announcement.

“Carmike’s third quarter operating revenue growth reflects the ongoing success of our theatre-level initiatives and strategies from both theatre acquisitions and organic growth, combined with the support of a favorable U.S. box office environment. While average ticket prices increased modestly versus the prior year period, third quarter 2016 attendance growth of 13% generated a 16% rise in operating revenues, as well as a 187% increase in operating income, resulting



The following information was filed by Carmike Cinemas Inc (CKEC) on Monday, November 7, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Operations
Acquisitions
Acquisitions (tables)
Acquisitions - Additional Information (detail)
Acquisitions - Summary Of The Preliminary Purchase Price Amc/starplex (details)
Acquisitions - Summary Of The Preliminary Purchase Price Sundance (details)
Basis Of Presentation And Significant Accounting Policies
Basis Of Presentation And Significant Accounting Policies (policies)
Commitments And Contingencies
Commitments And Contingencies (details)
Debt
Debt (tables)
Debt - Additional Information (detail)
Debt - Components Of Debt (detail)
Debt - Fair Value Of Senior Secured Notes Based On Quoted Market Prices (detail)
Debt - Senior Notes 6% (details)
Equity Based Compensation
Equity Based Compensation (tables)
Equity Based Compensation - Additional Information (detail)
Equity Based Compensation - Summary Of Activity For Restricted Stock Grants (detail)
Equity Based Compensation - Summary Of Option Activity For Stock Options (detail)
Equity Based Compensation - Summary Of Option Activity For Stock Options With Market Condition Vesting (detail)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (tables)
Goodwill And Intangible Assets - Additional Information (detail)
Goodwill And Intangible Assets - Schedule Of Changes In The Carrying Amount Of Goodwill (detail)
Goodwill And Intangible Assets - Summary Of Goodwill And Intangible Assets Acquired (detail)
Impairment Of Long-lived Assets
Impairment Of Long-lived Assets - Additional Information (detail)
Income Taxes
Income Taxes - Additional Information (detail)
Investments In Unconsolidated Affiliates
Investments In Unconsolidated Affiliates (tables)
Investments In Unconsolidated Affiliates - Combined Financial Information Of Unconsolidated Affiliated Companies (detail)
Investments In Unconsolidated Affiliates - Summary Of Activity In Income (details)
Lease Amendment
Lease Amendment Additional Information (details)
Net Loss Per Share
Net Loss Per Share (tables)
Net Loss Per Share - Additional Information (detail)
Net Loss Per Share - Summary Of Basic Net Loss Per Common Share (detail)
Screenvision Exhibition, Inc.
Screenvision Exhibition, Inc. (tables)
Screenvision Exhibition, Inc. - Additional Information (detail)
Screenvision Exhibition, Inc. - Summary Of Changes In Investments In Unconsolidated Affiliates And Deferred Revenue (detail)

Material Contracts, Statements, Certifications & more

Carmike Cinemas Inc provided additional information to their SEC Filing as exhibits

Ticker: CKEC
CIK: 799088
Form Type: 10-Q Quarterly Report
Accession Number: 0001628280-16-021103
Submitted to the SEC: Wed Nov 09 2016 4:01:28 PM EST
Accepted by the SEC: Wed Nov 09 2016
Period: Friday, September 30, 2016
Industry: Motion Picture Theaters

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