Carmike Cinemas Inc (CKEC) 10-Q Quarterly Report November 2016

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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Material Contracts, Statements, Certifications & more

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

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

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

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