National CineMedia, Inc. Files 10-Q for Period Ending March 28, 2024

TL;DR

<b>National CineMedia, Inc. filed its quarterly report (10-Q) for the period ending March 28, 2024.</b>

AI Summary

National CineMedia, Inc. (NCMI) filed a Quarterly Report (10-Q) with the SEC on May 6, 2024. The filing is a 10-Q for National CineMedia, Inc. for the period ending March 28, 2024. The company's fiscal year ends on December 26th. The filing was submitted on May 6, 2024. The company's principal business address is in Centennial, CO. The company's phone number is (303) 792-3600.

Why It Matters

For investors and stakeholders tracking National CineMedia, Inc., this filing contains several important signals. This 10-Q filing provides an update on the company's financial performance and operational status for the first quarter of 2024. Investors and analysts can use this report to assess the company's financial health, identify trends, and make informed investment decisions.

Risk Assessment

Risk Level: low — National CineMedia, Inc. shows low risk based on this filing. The filing is a standard 10-Q report, providing routine financial disclosures without immediate red flags.

Analyst Insight

Monitor future filings for updates on revenue, net income, and any significant changes in debt or assets.

Key Numbers

• 2024-03-28 — Reporting Period End Date (10-Q filing)
• 2024-05-06 — Filing Date (10-Q filing)
• 12-26 — Fiscal Year End (Company data)

Key Players & Entities

• National CineMedia, Inc. (company) — Filer name
• Centennial, CO (location) — Business address

FAQ

Industry Context

National CineMedia, Inc. operates in the advertising services industry, primarily focused on in-theater advertising.

Regulatory Implications

The filing is a standard 10-Q, adhering to SEC regulations for quarterly financial reporting.

What Investors Should Do

1. Review the full 10-Q document for detailed financial statements and management's discussion and analysis.
2. Compare the reported period's financial metrics against previous periods to identify trends.
3. Note any disclosures regarding legal proceedings, risk factors, or significant business developments.

Year-Over-Year Comparison

This is the 10-Q filing for the period ending March 28, 2024, providing updated financial information since the last filing.

Key Financial Figures

• $0.01 — ) of the Act: Common Stock, par value $0.01 per share NCMI The Nasdaq Stock Market

Filing Documents

• ncminc-20240328.htm (10-Q) — 890KB
• q1202410-qncmiexhibit311.htm (EX-31.1) — 9KB
• q1202410-qncmiexhibit312.htm (EX-31.2) — 9KB
• q1202410-qncmiexhibit321.htm (EX-32.1) — 7KB
• q1202410-qncmiexhibit322.htm (EX-32.2) — 7KB
• ncminc-20240328_g1.jpg (GRAPHIC) — 154KB
• 0001377630-24-000077.txt (&nbsp;) — 7083KB
• ncminc-20240328.xsd (EX-101.SCH) — 83KB
• ncminc-20240328_cal.xml (EX-101.CAL) — 80KB
• ncminc-20240328_def.xml (EX-101.DEF) — 548KB
• ncminc-20240328_lab.xml (EX-101.LAB) — 822KB
• ncminc-20240328_pre.xml (EX-101.PRE) — 693KB
• ncminc-20240328_htm.xml (XML) — 444KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 28 Item 4.

Controls and Procedures

Controls and Procedures 28 PART II Item 1.

Legal Proceedings

Legal Proceedings 28 Item 1A.

Risk Factors

Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 3. Defaults Upon Senior Securities 29 Item 4. Mine Safety Disclosures 29 Item 5. Other Information 29 Item 6. Exhibits 29

Signatures

Signatures 30 PART I

Financial Statements

Item 1. Financial Statements NATIONAL CINEMEDIA, INC. AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEETS (In millions, except share and per share data) (UNAUDITED) As of March 28, 2024 December 28, 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 57.1 $ 34.6 Restricted cash 3.0 3.0 Receivables, net of allowance of $ 1.3 and $ 1.4 , respectively 48.6 96.6 Prepaid expenses and other current assets 8.7 9.6 Total current assets 117.4 143.8 NON-CURRENT ASSETS: Property and equipment, net of accumulated depreciation of $ 2.4 and $ 1.6 , respectively 15.9 15.8 Intangible assets, net of accumulated amortization of $ 24.5 and $ 15.0 , respectively 384.6 394.3 Other investments 1.0 0.7 Debt issuance costs, net 1.9 2.2 Other assets 17.8 10.9 Total non-current assets 421.2 423.9 TOTAL ASSETS $ 538.6 $ 567.7 LIABILITIES AND EQUITY CURRENT LIABILITIES: Amounts due to ESA Parties, net $ 4.9 $ 6.6 Accrued expenses 1.7 1.6 Accrued payroll and related expenses 5.4 17.7 Accounts payable 16.2 21.7 Deferred revenue 13.0 9.8 Other current liabilities 1.3 1.0 Total current liabilities 42.5 58.4 NON-CURRENT LIABILITIES: Long-term debt 10.0 10.0 Payable under TRA 71.9 59.8 Other liabilities 11.9 5.0 Total non-current liabilities 93.8 74.8 Total liabilities 136.3 133.2 COMMITMENTS AND CONTINGENCIES (NOTE 9) EQUITY: NCM, Inc. Stockholders' Equity: Preferred stock, $ 0.01 par value; 10,000,000 shares authorized, 50 and 50 issued and outstanding, respectively — — Common stock, $ 0.01 par value; 260,000,000 shares authorized, 97,082,436 and 96,837,039 issued and outstanding, respectively 2.5 2.6 Additional paid in capital 118.0 115.3 Retained earnings 281.8 316.6 Total NCM, Inc. stockholders' equity 402.3 434.5 Noncontrolling interests — — Total equity 402.3 434.5 TOTAL LIABILITIES AND EQUITY $ 538.6 $ 567.7 See accompanying notes to the unaudited Condensed Consolidated Financial Statements. 1 NATIONAL CINEMEDIA, INC. AND

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View this 10-Q filing on SEC EDGAR