National CineMedia Inc
For the period ended Mar 28, 2024. Filed May 6, 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.
Mar 28, 2024 · Filed May 6, 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 Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions) (UNAUDITED)
| Three Months Ended | ||
|---|---|---|
| March 28, 2024 | March 30, 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Consolidated net loss | $(34.7) | $(54.0) |
| Adjustments to reconcile consolidated net loss to net cash used in operating activities: | ||
| Depreciation expense | 1.0 | 1.3 |
| Amortization expense | 9.5 | 6.2 |
| Non-cash share-based compensation | 2.6 | 1.5 |
| Amortization of debt issuance costs | 0.2 | 2.7 |
| Non-cash loss (gain) on re-measurement of the payable under the tax receivable agreement | 12.3 | (0.6) |
| Other | (0.2) | — |
| ESA integration and other encumbered theater payments | 0.3 | 3.9 |
| Other cash flows from operating activities | — | (0.2) |
| Changes in operating assets and liabilities: | ||
| Receivables, net | 47.9 | 52.7 |
| Accounts payable and accrued expenses | (17.1) | 6.4 |
| ESA amounts due to/from, net | (1.7) | (3.5) |
| Prepaid expenses | 0.9 | — |
| Deferred revenue | 3.2 | (1.0) |
| Other, net | (0.1) | (5.0) |
| Net cash provided by operating activities | 24.1 | 10.4 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property and equipment | (1.5) | (1.0) |
| Proceeds from the sale of assets | — | 0.3 |
| Proceeds received from equity method investment | 0.2 | — |
| Net cash used in investing activities | (1.3) | (0.7) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Payment of dividends | (0.3) | (0.4) |
| Repayment of term loan facility | — | (0.8) |
| Payment of debt issuance costs | — | (1.2) |
| Net cash used in financing activities | (0.3) | (2.4) |
| CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 22.5 | 7.3 |
| Cash, cash equivalents and restricted cash at beginning of period | 37.6 | 63.8 |
| Cash, cash equivalents and restricted cash at end of period | $60.1 | $71.1 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
(In millions)
| Three Months Ended | ||
|---|---|---|
| March 28, 2024 | March 30, 2023 | |
| Supplemental disclosure of non-cash financing and investing activity: | ||
| Right of use assets obtained in exchange for lease liabilities | $7.2 | $— |
| Accrued purchases of property and equipment | $0.5 | $0.2 |
| Exchange of subsidiary equity with NCM, Inc. equity | $— | $10.3 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $0.2 | $12.2 |
| Cash refunds for income taxes | $0.1 | $— |
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