Segments (Tables)

3 Months Ended

Mar. 31, 2015

Selected Financial Information by Reportable Operating Segment

Below is a breakdown of selected financial information by reportable operating segment:


	Three Months Ended March 31,
	2015			2014
Revenues
U.S.	$	474,295		$	444,920
International		174,333			160,192
Eliminations		(3,230	)		(2,832	)

Total revenues	$	645,398		$	602,280

Adjusted EBITDA ⁽¹⁾
U.S.	$	107,107		$	93,540
International		40,014			35,015

Total Adjusted EBITDA	$	147,121		$	128,555

Capital expenditures
U.S.	$	74,267		$	30,312
International		11,480			22,494

Total capital expenditures	$	85,747		$	52,806

⁽¹⁾	Distributions from NCM are reported entirely within the U.S. operating segment.

Reconciliation of Net Income to Adjusted EBITDA

The following table sets forth a reconciliation of net income to Adjusted EBITDA:


	Three Months Ended
	March 31,
	2015			2014
Net income	$	42,902		$	35,696
Add (deduct):
Income taxes		26,380			20,862
Interest expense ⁽¹⁾		28,207			28,480
Other (income) expense ⁽²⁾		1,448			(7,686	)
Depreciation and amortization		45,332			42,496
Impairment of long-lived assets		794			354
(Gain) loss on sale of assets and other		(1,450	)		2,853
Deferred lease expenses		(703	)		1,599
Amortization of long-term prepaid rents		713			378
Share based awards compensation expense		3,498			3,523

Adjusted EBITDA	$	147,121		$	128,555

⁽¹⁾	Includes amortization of debt issue costs.

⁽²⁾	Includes interest income, foreign currency exchange gain (loss) and equity in income of affiliates and excludes distributions from NCM.

Selected Financial Information by Geographic Area

Below is a breakdown of selected financial information by geographic area:


	Three Months Ended
	March 31,
	2015			2014
Revenues
U.S.	$	474,295		$	444,920
Brazil		78,293			75,399
Other international countries		96,040			84,793
Eliminations		(3,230	)		(2,832	)

Total	$	645,398		$	602,280


	March 31, 2015		December 31, 2014
Theatre Properties and Equipment-net
U.S.	$	1,138,826	$	1,094,076
Brazil		168,619		204,107
Other international countries		145,298		152,629

Total	$	1,452,743	$	1,450,812

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details