National CineMedia Inc
For the period ended Sep 26, 2024. Filed Nov 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.
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.
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Unaudited Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 26, 2024 | September 28, 2023 | September 26, 2024 | September 28, 2023 | |
| REVENUE (including revenue from related parties of $0.0, $0.0, $0.0 and $11.8, respectively) | $62.4 | $24.7 | $154.5 | $74.4 |
| OPERATING EXPENSES: | ||||
| Network operating costs | 3.3 | 2.6 | 10.6 | 6.9 |
| ESA Parties and network affiliate fees (including fees to related parties of $0.0, $0.0, $0.0 and $16.5, respectively) | 32.9 | 14.5 | 82.1 | 42.8 |
| Selling and marketing costs | 10.1 | 6.3 | 29.6 | 16.9 |
| Administrative and other costs | 12.9 | 7.3 | 39.8 | 40.6 |
| Depreciation expense | 1.2 | 0.6 | 3.4 | 2.1 |
| Amortization expense | 9.5 | 5.7 | 28.4 | 12.8 |
| Total | 69.9 | 37.0 | 193.9 | 122.1 |
| OPERATING LOSS | (7.5) | (12.3) | (39.4) | (47.7) |
| NON-OPERATING (INCOME) EXPENSE: | ||||
| Interest on borrowings | 0.4 | 0.3 | 1.3 | 27.5 |
| Interest income | (0.7) | — | (1.7) | — |
| (Gain) loss on re-measurement of the payable under the tax receivable agreement | (3.0) | 9.3 | 9.3 | 12.7 |
| Gain on deconsolidation of NCM LLC | — | — | — | (557.7) |
| Gain on re-measurement of investment in NCM LLC | — | (35.3) | — | (35.5) |
| Gain on reconsolidation of NCM LLC | — | (168.0) | — | (168.0) |
| Other non-operating (income) expense, net | (0.6) | (0.4) | (1.3) | 0.3 |
| Total | (3.9) | (194.1) | 7.6 | (720.7) |
| (LOSS) INCOME BEFORE INCOME TAXES | (3.6) | 181.8 | (47.0) | 673.0 |
| Income tax expense | — | — | — | — |
| CONSOLIDATED NET (LOSS) INCOME | (3.6) | 181.8 | (47.0) | 673.0 |
| Less: Net loss attributable to noncontrolling interests | — | — | — | (8.5) |
| NET (LOSS) INCOME ATTRIBUTABLE TO NCM, INC. | (3.6) | 181.8 | (47.0) | 681.5 |
| COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO NCM, INC. | $(3.6) | $181.8 | $(47.0) | $681.5 |
| NET (LOSS) INCOME PER NCM, INC. COMMON SHARE: | ||||
| Basic | $(0.04) | $2.89 | $(0.49) | $21.58 |
| Diluted | $(0.04) | $2.89 | $(0.49) | $20.72 |
| WEIGHTED AVERAGE SHARES OUTSTANDING: | ||||
| Basic | 95,221,502 | 62,765,418 | 96,183,328 | 31,574,026 |
| Diluted | 95,221,502 | 62,804,688 | 96,183,328 | 32,487,898 |
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