READING INTERNATIONAL INC
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
RDIB$11.61+17.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited)
SOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited; U.S. dollars in thousands)
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| 2024 | 2023 | |
| Operating Activities | ||
| Net income (loss) | $(29,966) | $(18,650) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Equity earnings of unconsolidated joint ventures | (164) | (443) |
| Distributions of earnings from unconsolidated joint ventures | 695 | 468 |
| (Gain) loss recognized on foreign currency transactions | (83) | — |
| (Gain) loss on sale of assets | 1,324 | — |
| Amortization of operating leases | 15,500 | 14,871 |
| Amortization of finance leases | 31 | 23 |
| Change in operating lease liabilities | (16,212) | (15,998) |
| Purchase of derivative instruments | — | — |
| Change in net deferred tax assets | 71 | (98) |
| Depreciation and amortization | 12,142 | 13,908 |
| Other amortization | 1,107 | 1,157 |
| Stock based compensation expense | 1,737 | 1,364 |
| Net changes in operating assets and liabilities: | ||
| Receivables | 2,107 | 325 |
| Prepaid and other assets | (26) | (483) |
| Payments for accrued pension | (513) | (513) |
| Accounts payable and accrued expenses | 3,574 | 932 |
| Film rent payable | (2,420) | (2,127) |
| Taxes payable | (1,165) | 2,155 |
| Deferred revenue and other liabilities | 443 | (3,257) |
| Net cash provided by (used in) operating activities | (11,818) | (6,366) |
| Investing Activities | ||
| Purchases of and additions to operating and investment properties | (4,571) | (6,191) |
| Contributions to unconsolidated joint ventures | (30) | — |
| Proceeds from sale of assets | 9,590 | — |
| Net cash provided by (used in) investing activities | 4,989 | (6,191) |
| Financing Activities | ||
| Repayment of borrowings | (13,381) | (6,862) |
| Repayment of finance lease principal | (30) | (25) |
| Proceeds from borrowings | 16,027 | 3,839 |
| Capitalized borrowing costs | (483) | (594) |
| (Cash paid) proceeds from the settlement of employee share transactions | (6) | (244) |
| Net cash provided by (used in) financing activities | 2,127 | (3,886) |
| Effect of exchange rate on cash and restricted cash | 744 | (897) |
| Net increase (decrease) in cash and cash equivalents and restricted cash | (3,958) | (17,340) |
| Cash and cash equivalents and restricted cash at the beginning of the period | 15,441 | 34,979 |
| Cash and cash equivalents and restricted cash at the end of the period | $11,483 | $17,639 |
| Cash and cash equivalents and restricted cash consists of: | ||
| Cash and cash equivalents | $10,083 | $11,925 |
| Restricted cash | 1,400 | 5,714 |
| $11,483 | $17,639 | |
| Supplemental Disclosures | ||
| Interest paid | $14,427 | $13,826 |
| Income taxes (refunded) paid | 1,638 | (697) |
| Non-Cash Transactions | ||
| Additions to operating and investing properties through accrued expenses | 940 | 2,557 |
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