National CineMedia, Inc.
For the period ended Oct 1, 2026. Filed Nov 10, 2026.
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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.
Oct 1, 2026 · Filed Nov 10, 2026
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 Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
| Nine Months Ended | ||
|---|---|---|
| October 1, 2026 | September 25, 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Consolidated net loss | $(55.8) | $(39.9) |
| Adjustments to reconcile consolidated net loss to net cash provided by operating activities: | ||
| Depreciation expense | 4.5 | 3.3 |
| Amortization expense | 24.9 | 25.5 |
| Goodwill impairment | 0.6 | — |
| Bad debt expense | 1.6 | 0.3 |
| Income tax benefit | (42.3) | — |
| Non-cash share-based compensation | 6.4 | 7.3 |
| Amortization of debt issuance costs | 0.3 | 0.3 |
| Loss on extinguishment of debt | 0.5 | 1.8 |
| Non-cash loss on re-measurement of the payable under the tax receivable agreement | 36.1 | 1.6 |
| Non-cash consideration received for advertising services | (1.7) | (1.3) |
| Other | (0.9) | (0.3) |
| ESA integration and other encumbered theater payments | — | 0.7 |
| Payments to the ESA Parties under the tax receivable agreement | (1.0) | (1.3) |
| Proceeds received from equity method investment | 0.5 | 0.5 |
| Changes in operating assets and liabilities: | ||
| Receivables, net | 32.0 | 25.9 |
| Accounts payable and accrued expenses | 9.9 | (9.9) |
| ESA amounts due to/from, net | (2.8) | (0.5) |
| Prepaid expenses | 1.7 | 0.2 |
| Deferred revenue | (0.5) | (14.0) |
| Other, net | (0.3) | (0.1) |
| Net cash provided by operating activities | 13.7 | 0.1 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property and equipment | (1.4) | (3.4) |
| Purchase of cost method investment | — | (2.0) |
| Purchase of intangible asset | (0.4) | (0.4) |
| Purchase of a business | (271.1) | — |
| Net cash used in investing activities | (272.9) | (5.8) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Payment of dividends | (5.8) | (8.5) |
| Purchases of NCM, Inc.'s common stock | (1.2) | (18.7) |
| Proceeds from revolving credit facilities | 10.0 | 10.0 |
| Repayment of revolving credit facilities | (12.0) | (20.0) |
| Proceeds from term loan facility | 275.0 | — |
| Payment of debt issuance costs | (8.6) | (1.5) |
| Repurchase of stock for restricted stock tax withholding | — | (0.6) |
| Other financing activities | — | (0.2) |
| Net cash provided by (used in) financing activities | 257.4 | (39.5) |
| CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (1.8) | (45.2) |
| Cash, cash equivalents and restricted cash at beginning of period | 37.6 | 78.1 |
| Cash, cash equivalents and restricted cash at end of period | $35.8 | $32.9 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
(In millions)
| Nine Months Ended | ||
|---|---|---|
| October 1, 2026 | September 25, 2025 | |
| Supplemental disclosure of non-cash financing and investing activity: | ||
| Right of use assets obtained in exchange for lease liabilities | $3.1 | $— |
| Increase in dividend equivalent accrual not requiring cash in the period | $0.1 | $0.3 |
| Cost method investment obtained in exchange for advertising inventory | $1.7 | $1.3 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $0.6 | $0.2 |
| Cash paid for income taxes | $— | $— |
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