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Condensed Financial Information of Registrant | 12 Months Ended
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Dec. 31, 2011
Condensed Financial Information of Registrant [Abstract] |
CONDENSED FINANCIAL INFORMATION OF REGISTRANT | SCHEDULE 1 CONDENSED FINANCIAL INFORMATION OF REGISTRANT SCHEDULE 1 — CONDENSED FINANCIAL INFORMATION OF REGISTRANT CINEMARK HOLDINGS, INC. PARENT COMPANY BALANCE SHEETS (In thousands, except share data)
|  | December 31, 2010 |  |  | December 31, 2011 |
Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 232 |  |  | $ | 156 |
Investment in subsidiaries |  |  | 1,029,101 |  |  |  | 1,014,532 |
Total assets |  | $ | 1,029,333 |  |  | $ | 1,014,688 |
Liabilities and equity |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |
Accounts payable to subsidiaries |  | $ | 6,728 |  |  | $ | — |
Accrued other current liabilities |  |  | 149 |  |  |  | 780 |
Other long-term liabilities |  |  | 909 |  |  |  | 1,031 |
Total liabilities |  |  | 7,786 |  |  |  | 1,811 |
Commitments and contingencies |  |  |  |  |  |  |  |
Equity |  |  |  |  |  |  |  |
Common stock, $0.001 par value: 300,000,000 shares authorized; 117,110,703 shares issued and 113,750,844 shares outstanding at December 31, 2010 and 117,593,329 shares issued and 114,201,737 shares outstanding at December 31, 2011 |  |  | 117 |  |  |  | 118 |
Additional paid-in-capital |  |  | 1,037,586 |  |  |  | 1,047,237 |
Treasury stock, 3,359,859 and 3,391,592 common shares at cost at December 31, 2010 and 2011, respectively |  |  | (44,725 | ) |  |  | (45,219 | )
Retained earnings |  |  | 388 |  |  |  | 34,423 |
Accumulated other comprehensive income (loss) |  |  | 28,181 |  |  |  | (23,682 | )
Total equity |  |  | 1,021,547 |  |  |  | 1,012,877 |
Total liabilities and equity |  | $ | 1,029,333 |  |  | $ | 1,014,688 |
The accompanying notes are an integral part of the consolidated financial statements. CINEMARK HOLDINGS, INC. PARENT COMPANY STATEMENTS OF INCOME YEARS ENDED DECEMBER 31, 2009, 2010 AND 2011 (in thousands)
|  | Year Ended December 31, |
|  | 2009 |  |  | 2010 |  |  | 2011 |
Revenues |  | $ | — |  |  | $ | — |  |  | $ | — |
Cost of operations |  |  | 1,536 |  |  |  | 2,030 |  |  |  | 2,193 |
Operating loss |  |  | (1,536 | ) |  |  | (2,030 | ) |  |  | (2,193 | )
Other income |  |  | 94 |  |  |  | 1 |  |  |  | — |
Loss before income taxes and equity in income of subsidiaries |  |  | (1,442 | ) |  |  | (2,029 | ) |  |  | (2,193 | )
Income taxes |  |  | 519 |  |  |  | 762 |  |  |  | 823 |
Equity in income of subsidiaries, net of taxes |  |  | 98,031 |  |  |  | 147,387 |  |  |  | 131,927 |
Net income |  | $ | 97,108 |  |  | $ | 146,120 |  |  | $ | 130,557 |
The accompanying notes are an integral part of the consolidated financial statements. CINEMARK HOLDINGS, INC. PARENT COMPANY STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2009, 2010 AND 2011 (in thousands)
|  | Year Ended December 31, |
|  | 2009 |  |  | 2010 |  |  | 2011 |
Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 97,108 |  |  | $ | 146,120 |  |  | $ | 130,557 |
Adjustments to reconcile net income to cash provided by (used for) operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Share based awards compensation expense |  |  | 500 |  |  |  | 765 |  |  |  | 666 |
Equity in income of subsidiaries |  |  | (98,031 | ) |  |  | (147,387 | ) |  |  | (131,927 | )
Changes in other assets and liabilities |  |  | 9,171 |  |  |  | (561 | ) |  |  | 1,516 |
Net cash provided by (used for) operating activities |  |  | 8,748 |  |  |  | (1,063 | ) |  |  | 812 |
Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Investments in subsidiaries; Cinemark, Inc. and Cinemark USA, Inc. |  |  | (18,000 | ) |  |  | — |  |  |  | — |
Dividends received from subsidiaries; Cinemark, Inc. and Cinemark USA, Inc. |  |  | 58,625 |  |  |  | 78,100 |  |  |  | 95,000 |
Net cash provided by investing activities |  |  | 40,625 |  |  |  | 78,100 |  |  |  | 95,000 |
Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from stock option exercises |  |  | 2,524 |  |  |  | 7,914 |  |  |  | 444 |
Payroll taxes paid as a result of immaculate option exercises |  |  | (8,972 | ) |  |  | (416 | ) |  |  | (494 | )
Dividends paid to stockholders |  |  | (78,643 | ) |  |  | (84,502 | ) |  |  | (95,838 | )
Net cash used for financing activities |  |  | (85,091 | ) |  |  | (77,004 | ) |  |  | (95,888 | )
Increase (decrease) in cash and cash equivalents |  |  | (35,718 | ) |  |  | 33 |  |  |  | (76 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Beginning of period |  |  | 35,917 |  |  |  | 199 |  |  |  | 232 |
End of period |  | $ | 199 |  |  | $ | 232 |  |  | $ | 156 |
The accompanying notes are an integral part of the consolidated financial statements. CINEMARK HOLDINGS, INC. NOTES TO PARENT COMPANY FINANCIAL STATEMENTS In thousands, except share and per share data 1. BASIS OF PRESENTATION On August 2, 2006, Cinemark Holdings, Inc. was formed as the Delaware holding company of Cinemark, Inc. On April 24, 2007, Cinemark Holdings, Inc. completed an initial public offering of its common stock. Effective December 11, 2009, Cinemark, Inc. was merged into Cinemark Holdings, Inc. and Cinemark Holdings, Inc. became the holding company of Cinemark USA, Inc. Cinemark Holdings, Inc. conducts substantially all of its operations through its subsidiaries. There are significant restrictions over Cinemark Holdings, Inc.’s ability to obtain funds from its subsidiaries through dividends, loans or advances. Accordingly, these financial statements have been presented on a “parent-only” basis. 2. DIVIDEND PAYMENTS In August 2007, Cinemark Holdings, Inc. initiated a quarterly dividend policy, which was amended in November 2010. Below is a summary of dividends declared for the fiscal periods indicated.
Date Declared |  | Date of Record |  |  | Date Paid |  |  | Amount per Common Share (2) |  |  | Total Dividends (1) |
02/13/09 |  |  | 03/05/09 |  |  |  | 03/20/09 |  |  | $ | 0.18 |  |  | $ | 19,619 |
05/13/09 |  |  | 06/02/09 |  |  |  | 06/18/09 |  |  | $ | 0.18 |  |  | $ | 19,734 |
07/29/09 |  |  | 08/17/09 |  |  |  | 09/01/09 |  |  | $ | 0.18 |  |  | $ | 19,739 |
11/04/09 |  |  | 11/25/09 |  |  |  | 12/10/09 |  |  | $ | 0.18 |  |  | $ | 19,752 |
Total — Year ended December 31, 2009 |  |  |  |  |  |  | $ | 78,844 |
02/25/10 |  |  | 03/05/10 |  |  |  | 03/19/10 |  |  | $ | 0.18 |  |  | $ | 20,104 |
05/13/10 |  |  | 06/04/10 |  |  |  | 06/18/10 |  |  | $ | 0.18 |  |  | $ | 20,313 |
07/29/10 |  |  | 08/17/10 |  |  |  | 09/01/10 |  |  | $ | 0.18 |  |  | $ | 20,519 |
11/02/10 |  |  | 11/22/10 |  |  |  | 12/07/10 |  |  | $ | 0.21 |  |  | $ | 24,201 |
Total — Year ended December 31, 2010 |  |  |  |  |  |  | $ | 85,137 |
02/24/11 |  |  | 03/04/11 |  |  |  | 03/16/11 |  |  | $ | 0.21 |  |  | $ | 24,056 |
05/12/11 |  |  | 06/06/11 |  |  |  | 06/17/11 |  |  | $ | 0.21 |  |  | $ | 24,152 |
08/03/11 |  |  | 08/17/11 |  |  |  | 09/01/11 |  |  | $ | 0.21 |  |  | $ | 24,157 |
11/03/11 |  |  | 11/18/11 |  |  |  | 12/07/11 |  |  | $ | 0.21 |  |  | $ | 24,157 |
Total — Year ended December 31, 2011 |  |  |  |  |  |  | $ | 96,522 |
(1) | Of the dividends recorded during 2009, 2010 and 2011, $201, $635 and $684, respectively, were related to outstanding restricted stock units and will not be paid until such units vest. See Notes 19 and 20 to the Company’s consolidated financial statements included elsewhere in this annual report on Form 10-K.
(2) | Beginning with the dividend declared on November 2, 2010, the Company’s board of directors raised the quarterly dividend to $0.21 per common share.
3. DIVIDENDS RECEIVED FROM SUBSIDIARIES During the year ended December 31, 2009, Cinemark Holdings, Inc. received cash dividends of $39,050 from its former subsidiary, Cinemark, Inc. During the years ended December 31, 2009, 2010 and 2011, Cinemark Holdings, Inc. received cash dividends of $19,575, $78,100 and $95,000, respectively, from its subsidiary, Cinemark USA, Inc. 4. LONG-TERM DEBT Cinemark Holdings, Inc. has no direct outstanding debt obligations, but its subsidiaries do. For a discussion of the debt obligations of Cinemark Holdings, Inc.’s subsidiaries, see Note 13 to the Company’s consolidated financial statements included elsewhere in this annual report on Form 10-K. 5. CAPITAL STOCK Cinemark Holdings, Inc.’s capital stock along with its long-term incentive plan and related activity are discussed in Note 19 of the Company’s consolidated financial statements included elsewhere in this annual report on Form 10-K. 6. COMMITMENTS AND CONTINGENCIES Cinemark Holdings, Inc. has no direct commitments and contingencies, but its subsidiaries do. See Note 22 of the Company’s consolidated financial statements included elsewhere in this annual report on Form 10-K.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 06 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 05 -Paragraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6921628&loc=d3e5283-111683 + Details
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