National CineMedia Inc
For the period ended Jun 27, 2024. Filed Aug 5, 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.
Jun 27, 2024 · Filed Aug 5, 2024
NCMI$1.62-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 27, 2024 | June 29, 2023 | June 27, 2024 | June 29, 2023 | |
| REVENUE (including revenue from related parties of $0.0, $8.5, $0.0 and $11.8, respectively) | $54.7 | $14.8 | $92.1 | $49.7 |
| OPERATING EXPENSES: | ||||
| Network operating costs | 3.7 | 0.5 | 7.3 | 4.4 |
| ESA Parties and network affiliate fees (including fees to related parties of $0.0, $2.7, $0.0 and $16.5, respectively) | 26.7 | 4.5 | 49.2 | 28.3 |
| Selling and marketing costs | 9.6 | 1.1 | 19.6 | 10.6 |
| Administrative and other costs | 13.4 | 12.5 | 26.9 | 33.3 |
| Depreciation expense | 1.1 | 0.2 | 2.2 | 1.5 |
| Amortization expense | 9.5 | 0.9 | 18.9 | 7.1 |
| Total | 64.0 | 19.7 | 124.1 | 85.2 |
| OPERATING LOSS | (9.3) | (4.9) | (32.0) | (35.5) |
| NON-OPERATING (INCOME) EXPENSE: | ||||
| Interest on borrowings | 0.4 | 3.1 | 0.9 | 27.1 |
| Interest income | (0.7) | — | (1.1) | — |
| Loss on re-measurement of the payable under the tax receivable agreement | — | 4.0 | 12.2 | 3.4 |
| Gain on deconsolidation of NCM LLC | — | (557.7) | — | (557.7) |
| Other non-operating (income) expense, net | (0.3) | 0.4 | (0.6) | 0.4 |
| Total | (0.6) | (550.2) | 11.4 | (526.8) |
| (LOSS) INCOME BEFORE INCOME TAXES | (8.7) | 545.3 | (43.4) | 491.3 |
| Income tax expense | — | — | — | — |
| CONSOLIDATED NET (LOSS) INCOME | (8.7) | 545.3 | (43.4) | 491.3 |
| Less: Net loss attributable to noncontrolling interests | — | — | — | (8.5) |
| NET (LOSS) INCOME ATTRIBUTABLE TO NCM, INC. | (8.7) | 545.3 | (43.4) | 499.8 |
| COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO NCM, INC. | $(8.7) | $545.3 | $(43.4) | $499.8 |
| NET (LOSS) INCOME PER NCM, INC. COMMON SHARE: | ||||
| Basic | $(0.09) | $31.33 | $(0.45) | $31.28 |
| Diluted | $(0.09) | $31.33 | $(0.45) | $28.32 |
| WEIGHTED AVERAGE SHARES OUTSTANDING: | ||||
| Basic | 96,409,830 | 17,405,864 | 96,664,241 | 15,978,331 |
| Diluted | 96,409,830 | 17,405,864 | 96,664,241 | 17,349,139 |
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