READING INTERNATIONAL INC
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
Contents
Contractual Obligations, Commitments and Contingencies
CIES
The following table provides information with respect to the future maturities and scheduled principal repayments of our recorded contractual obligations and certain of our commitments and contingencies, either recorded or off-balance sheet, as of December 31, 2024:
| (Dollars in thousands) | 2025 | 2026 | 2027 | 2028 | 2029 | Thereafter | Total |
|---|---|---|---|---|---|---|---|
| Debt(1) | $69,520 | $105,280 | $— | $— | $— | $— | $174,800 |
| Operating leases, including imputed interest | 29,167 | 26,876 | 25,103 | 22,807 | 21,475 | 110,377 | 235,805 |
| Finance leases, including imputed interest | 44 | — | — | — | — | — | 44 |
| Subordinated debt(1) | — | — | 27,913 | — | — | — | 27,913 |
| Pension liability | 547 | 576 | 607 | 638 | 444 | — | 2,812 |
| Interest on pension liability | 137 | 109 | 77 | 45 | 11 | — | 379 |
| Village East purchase option(2) | 5,900 | — | — | — | — | 5,900 | |
| Estimated interest on debt(3) | 15,029 | 7,002 | 1,225 | — | — | — | 23,257 |
| Total | $120,345 | $139,843 | $54,925 | $23,490 | $21,930 | $110,377 | $470,910 |
(1)Information is presented gross of deferred financing costs.
(2)Represents the lease liability of the option associated with the ground lease purchase of the Village East Cinema.
(3)Estimated interest on debt is based on the anticipated loan balances for future periods and current applicable interest rates.
Please refer to Part II, Item 8 – Financial Statements and Supplementary Data—Notes to Consolidated Financial Statements-- Note 15 – Commitments and Contingencies for more information.
Litigation
We are currently involved in certain legal proceedings and, as required, have accrued estimates of probable and estimable losses for the resolution of these claims, as appropriate.
Please refer to Part I, Item 3 – Legal Proceedings for more information.
Off-Balance Sheet Arrangements
There are no off-balance sheet arrangements or obligations (including contingent obligations) that have, or are reasonably likely to have, a current or future material effect on our financial condition, changes in the financial condition, revenue or expense, results of operations, liquidity, capital expenditures or capital resources.
FINANCIAL RISK MANAGEME
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