National CineMedia Files Q3 2024 10-Q
Ticker: NCMI · Form: 10-Q · Filed: Nov 5, 2024 · CIK: 1377630
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
NCM's Q3 10-Q is in, check the financials for ad revenue and credit facility updates.
AI Summary
National CineMedia, Inc. filed its 10-Q for the period ending September 26, 2024. The company reported on its financial performance, including details on its advertising revenue and credit facilities. Key dates mentioned include September 26, 2024, and September 28, 2023, for financial reporting periods.
Why It Matters
This filing provides investors with an update on National CineMedia's financial health and operational performance, crucial for understanding the company's current standing and future prospects.
Risk Assessment
Risk Level: medium — The filing details financial performance and operational aspects, which can carry inherent risks for investors.
Key Numbers
- 0001377630 — Central Index Key (Unique identifier for National CineMedia, Inc. with the SEC.)
- 20240926 — Fiscal Period End (The end date for the financial reporting period covered by the 10-Q.)
Key Players & Entities
- National CineMedia, Inc. (company) — Filer of the 10-Q
- 20240926 (date) — End of the reporting period
- 20241105 (date) — Filing date
- 0000950170-24-121466 (other) — Accession number for the filing
- Centennial, CO (location) — Company's business and mailing address
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the period ending September 26, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed with the SEC on November 5, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key (CIK) is 0001377630.
Where is National CineMedia, Inc. located?
National CineMedia, Inc. is located in Centennial, CO, with its business and mailing address at 6300 S. Syracuse Way, Suite 300.
What is the Standard Industrial Classification (SIC) code for National CineMedia, Inc.?
The Standard Industrial Classification (SIC) code for National CineMedia, Inc. is 7310, which falls under SERVICES-ADVERTISING.
Filing Stats: 4,551 words · 18 min read · ~15 pages · Grade level 8.1 · Accepted 2024-11-05 16:12:21
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share NCMI The Nasdaq Stock Mar
Filing Documents
- ncmi-20240926.htm (10-Q) — 2443KB
- ncmi-ex10_1.htm (EX-10.1) — 160KB
- ncmi-ex31_1.htm (EX-31.1) — 12KB
- ncmi-ex31_2.htm (EX-31.2) — 12KB
- ncmi-ex32_1.htm (EX-32.1) — 9KB
- ncmi-ex32_2.htm (EX-32.2) — 9KB
- img183658313_0.jpg (GRAPHIC) — 154KB
- 0000950170-24-121466.txt ( ) — 9692KB
- ncmi-20240926.xsd (EX-101.SCH) — 1368KB
- ncmi-20240926_htm.xml (XML) — 1394KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 35 Item 4.
Controls and Procedures
Controls and Procedures 35 PART II Item 1.
Legal Proceedings
Legal Proceedings 35 Item 1A.
Risk Factors
Risk Factors 35 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 35 Item 3. Defaults Upon Senior Securities 36 Item 4. Mine Safety Disclosures 36 Item 5. Other Information 36 Item 6. Exhibits 37
Signatures
Signatures 38 PA RT I
Financ ial Statements
Item 1. Financ ial Statements NATIONAL CINEMEDIA, INC. AND SUBSIDIARIES CONDENSED CONSOLIDAT ED BALANCE SHEETS (In millions, except share and per share data) (UNAUDITED) As of September 26, 2024 December 28, 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 49.4 $ 34.6 Restricted cash 3.0 3.0 Short-term marketable securities 0.1 — Receivables, net of allowance of $ 1.1 and $ 1.4 , respectively 62.8 96.6 Amounts due from ESA Parties 6.7 5.4 Prepaid expenses and other current assets 3.6 4.2 Total current assets 125.6 143.8 NON-CURRENT ASSETS: Property and equipment, net of accumulated depreciation of $ 4.7 and $ 1.6 , respectively 15.3 15.8 Intangible assets, net of accumulated amortization of $ 43.4 and $ 15.0 , respectively 364.4 394.3 Other investments 1.3 0.7 Debt issuance costs, net 1.5 2.2 Other assets 18.0 10.9 Total non-current assets 400.5 423.9 TOTAL ASSETS $ 526.1 $ 567.7 LIABILITIES AND EQUITY CURRENT LIABILITIES: Amounts due to ESA Parties, net $ 3.1 $ 6.6 Accrued expenses 1.9 1.6 Accrued payroll and related expenses 12.3 17.7 Accounts payable 16.2 21.7 Deferred revenue 14.5 9.8 Other current liabilities 3.1 1.0 Total current liabilities 51.1 58.4 NON-CURRENT LIABILITIES: Long-term debt 10.0 10.0 Payable under the TRA 67.2 59.8 Long-term lease liability 12.3 5.0 Total non-current liabilities 89.5 74.8 Total liabilities 140.6 133.2 COMMITMENTS AND CONTINGENCIES (NOTE 9) EQUITY: NCM, Inc. Stockholders' Equity: Preferred stock, $ 0.01 par value; 10,000,000 shares authorized, 50 issued and outstanding — — Common stock, $ 0.01 par value; 260,000,000 shares authorized, 95,084,232 and 96,837,039 issued and outstanding, respectively 2.5 2.6 Additional paid in capital 124.7 115.3 Retained earnings 258.3 316.6 Total NCM, Inc. stockhold