National CineMedia Inc
For the period ended Sep 26, 2024. Filed Nov 5, 2024.
View on SEC.govAbout this filing
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 26, 2024 · Filed Nov 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.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions) (UNAUDITED)
| Nine Months Ended | ||
|---|---|---|
| September 26, 2024 | September 28, 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Consolidated net (loss) income | $(47.0) | $673.0 |
| Adjustments to reconcile consolidated net (loss) income to net cash provided by (used in) operating activities: | ||
| Depreciation expense | 3.4 | 2.1 |
| Amortization expense | 28.4 | 12.8 |
| Non-cash share-based compensation | 9.2 | 3.0 |
| Gain on deconsolidation of affiliate | — | (557.7) |
| Gain on re-measurement of NCM LLC | — | (35.5) |
| Gain on reconsolidation of NCM LLC | — | (168.0) |
| Amortization of debt issuance costs | 0.6 | 3.2 |
| Non-cash loss on re-measurement of the payable under the tax receivable agreement | 9.3 | 12.7 |
| Other | (0.6) | (0.3) |
| ESA integration and other encumbered theater payments | 0.9 | 4.7 |
| Other cash flows from operating activities | — | (0.6) |
| Changes in operating assets and liabilities: | ||
| Receivables, net | 33.2 | 63.7 |
| Accounts payable and accrued expenses | (9.8) | (11.4) |
| ESA amounts due to/from, net | (2.1) | (9.2) |
| Prepaid expenses | (0.7) | (12.0) |
| Deferred revenue | 4.7 | (5.9) |
| Other, net | 0.3 | 3.1 |
| Net cash provided by (used in) operating activities | 29.8 | (22.3) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property and equipment | (3.4) | (1.7) |
| Purchases of marketable securities | (0.1) | — |
| Cash contributed in reconsolidation | — | (15.5) |
| Cash, cash equivalents and restricted cash reconsolidated | — | 49.5 |
| Proceeds received from equity method investment | 0.6 | — |
| Proceeds from the sale of assets | — | 0.3 |
| Proceeds from sale and maturities of marketable securities | — | 1.0 |
| Net cash (used in) provided by investing activities | (2.9) | 33.6 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Payment of dividends | (0.3) | (0.5) |
| Purchases of NCM, Inc.'s common stock | (11.1) | — |
| Cash redemption of NCM LLC common membership units | (0.7) | — |
| Removal of cash, cash equivalents and restricted cash of unconsolidated affiliate | — | (49.6) |
| Repayment of term loan facility | — | (0.8) |
| Payment of debt issuance costs | — | (1.2) |
| Net cash used in financing activities | (12.1) | (52.1) |
| CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 14.8 | (40.8) |
| Cash, cash equivalents and restricted cash at beginning of period | 37.6 | 63.8 |
| Cash, cash equivalents and restricted cash at end of period | $52.4 | $23.0 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
(In millions)
| Nine Months Ended | ||
|---|---|---|
| September 26, 2024 | September 28, 2023 | |
| Supplemental disclosure of non-cash financing and investing activity: | ||
| Purchase of an intangible asset with NCM LLC equity | $0.7 | $— |
| Issuance of shares upon the reconsolidation of NCM LLC | $— | $245.3 |
| Fair value of NCM LLC net assets reconsolidated, net of cash | $— | $434.0 |
| Purchase of subsidiary equity with NCM, Inc. equity | $— | $(2.6) |
| Dividends declared not requiring cash in the period | $— | $(0.1) |
| Right of use assets obtained in exchange for lease liabilities | $8.5 | $— |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $(0.7) | $(12.2) |
| Cash paid for income taxes | $(0.1) | $(0.1) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.