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Carmike Cinemas Reports 23% Year Over Year Increase In Q4 Revenue To $146.6 Million

Stocks in this article: CKEC

Carmike Cinemas, Inc. (NASDAQ: CKEC):

Webcast/Conference Call TODAY, Thursday, March 14 at 5:00 p.m. ET

 

WEBCAST LINK:

www.carmikeinvestors.com (archived for 30 days)

 
CALL DIAL-IN: 800/381-7839 or 212/231-2904 (international callers)
 
CALL REPLAY: 800/633-8284 or 402/977-9140; passcode: 21648760

(through March 21)

Carmike Cinemas, Inc. (NASDAQ: CKEC), a leading entertainment, digital cinema and 3-D motion picture exhibitor, today reported results for the three and twelve month periods ended December 31, 2012, as summarized below.

SUMMARY FINANCIAL DATA

(unaudited)

 
  Three Months Ended Dec. 31   Twelve Months Ended Dec. 31
(in millions)   2012     2011   2012     2011
Total revenue $ 146.6 $ 118.9 $ 539.3 $ 477.8
Operating income 16.7 8.3 54.7 35.5
Interest expense 10.5 8.3 36.0 34.1
Theatre level cash flow (1) 35.6 24.3 118.3 91.8
Net income (loss) 91.6 1.7 96.3 (7.7)
Adjusted net income (loss) (1) 7.6 3.1 18.7 (4.6)
Adjusted EBITDA (1) 30.2 18.9 97.9 72.7
 
(in millions) Dec. 31, 2012 Dec. 31, 2011
Total debt (1) $ 434.7 $ 315.4
Net debt (1) $ 366.2 $ 301.8

 

(1) Theatre level cash flow, adjusted net income (loss), adjusted EBITDA, total debt and net debt are supplemental non-GAAP financial measures. Reconciliations of theatre level cash flow and adjusted EBITDA to net income (loss) and adjusted net income (loss) to net income (loss) for the three and twelve months ended December 31, 2012 and 2011, as well as a schedule of total debt and net debt as of December 31, 2012 and 2011, are included in the supplementary tables accompanying this news announcement.

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