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10-Q Filing

READING INTERNATIONAL INC CIK: 716634 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000716634-17-000016
Period End Date 20170331
Filing Date 20170509
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance rdi-20170331.xml
Filing Contents
Balance Sheet 82 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $19.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $11.03M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $19.02M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $16.33M USD Point-in-time
Receivables AccountsReceivableNetCurrent $6.70M USD Point-in-time
Receivables AccountsReceivableNetCurrent $8.77M USD Point-in-time
Inventory InventoryNet $1.33M USD Point-in-time
Inventory InventoryNet $1.39M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $17.05M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $5.79M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Land held for sale AssetsHeldForSaleNotPartOfDisposalGroupCurrent $39.80M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 12,000.00 shares Point-in-time
Land held for sale AssetsHeldForSaleNotPartOfDisposalGroupCurrent $37.67M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 12,000.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Total current assets AssetsCurrent $72.64M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Total current assets AssetsCurrent $75.91M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Operating property, net PropertyPlantAndEquipmentNet $211.89M USD Point-in-time
Operating property, net PropertyPlantAndEquipmentNet $216.36M USD Point-in-time
Investment and development property, net PropertyHeldForAndUnderDevelopment $50.23M USD Point-in-time
Investment and development property, net PropertyHeldForAndUnderDevelopment $43.69M USD Point-in-time
Investment in unconsolidated joint ventures EquityMethodInvestments $5.26M USD Point-in-time
Investment in unconsolidated joint ventures EquityMethodInvestments $5.07M USD Point-in-time
Goodwill Goodwill $19.83M USD Point-in-time
Goodwill Goodwill $20.07M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $9.71M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $10.04M USD Point-in-time
Deferred tax asset, net DeferredTaxAssetsNetNoncurrent $28.34M USD Point-in-time
Deferred tax asset, net DeferredTaxAssetsNetNoncurrent $28.67M USD Point-in-time
Other assets OtherAssetsNoncurrent $13.95M USD Point-in-time
Other assets OtherAssetsNoncurrent $4.55M USD Point-in-time
Total assets Assets $405.77M USD Point-in-time
Total assets Assets $410.42M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $21.41M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $26.48M USD Point-in-time
Film rent payable FilmRentPayable $8.95M USD Point-in-time
Film rent payable FilmRentPayable $10.53M USD Point-in-time
Debt current portion NotesPayableCurrent $587.00K USD Point-in-time
Debt current portion NotesPayableCurrent $567.00K USD Point-in-time
Taxes payable - current TaxesPayableCurrent $3.52M USD Point-in-time
Taxes payable - current TaxesPayableCurrent $3.76M USD Point-in-time
Deferred current revenue DeferredRevenueCurrent $10.76M USD Point-in-time
Deferred current revenue DeferredRevenueCurrent $9.79M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $11.98M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $14.13M USD Point-in-time
Total current liabilities LiabilitiesCurrent $56.48M USD Point-in-time
Total current liabilities LiabilitiesCurrent $65.99M USD Point-in-time
Debt long-term portion LongTermNotesPayable $120.83M USD Point-in-time
Debt long-term portion LongTermNotesPayable $115.71M USD Point-in-time
Subordinated debt SubordinatedLongTermDebt $27.39M USD Point-in-time
Subordinated debt SubordinatedLongTermDebt $27.34M USD Point-in-time
Noncurrent tax liabilities DeferredTaxLiabilitiesNoncurrent $20.08M USD Point-in-time
Noncurrent tax liabilities DeferredTaxLiabilitiesNoncurrent $19.95M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $30.16M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $30.65M USD Point-in-time
Total liabilities Liabilities $255.43M USD Point-in-time
Total liabilities Liabilities $259.15M USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Nonvoting preferred stock, par value $0.01, 12,000 shares authorized and no issued or outstanding shares at March 31, 2017 and December 31, 2016 PreferredStockValue - USD Point-in-time
Nonvoting preferred stock, par value $0.01, 12,000 shares authorized and no issued or outstanding shares at March 31, 2017 and December 31, 2016 PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $144.57M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $144.74M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.68M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $4.71M USD Point-in-time
Treasury shares TreasuryStockValue $17.05M USD Point-in-time
Treasury shares TreasuryStockValue $16.37M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $12.07M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $17.94M USD Point-in-time
Total Reading International, Inc. stockholders' equity StockholdersEquity $142.20M USD Point-in-time
Total Reading International, Inc. stockholders' equity StockholdersEquity $150.58M USD Point-in-time
Noncontrolling interests MinorityInterest $4.41M USD Point-in-time
Noncontrolling interests MinorityInterest $4.42M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $154.99M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $146.62M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $410.42M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $405.77M USD Point-in-time
Income Statement 47 line items
Line Item Tag Value Unit Period
Cinema RevenueFromCinema $61.31M USD 1 Quarter
Cinema RevenueFromCinema $66.56M USD 1 Quarter
Real estate RevenueFromRealEstate $2.89M USD 1 Quarter
Real estate RevenueFromRealEstate $3.47M USD 1 Quarter
Total revenue Revenues $64.79M USD 1 Quarter
Total revenue Revenues $69.45M USD 1 Quarter
Cinema OperatingExpensesCinema $51.78M USD 1 Quarter
Cinema OperatingExpensesCinema $47.96M USD 1 Quarter
Real estate OperatingExpensesRealEstate $2.14M USD 1 Quarter
Real estate OperatingExpensesRealEstate $2.04M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $3.93M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $3.81M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.17M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.19M USD 1 Quarter
Total costs and expenses CostsAndExpenses $60.10M USD 1 Quarter
Total costs and expenses CostsAndExpenses $63.93M USD 1 Quarter
Operating income OperatingIncomeLoss $4.69M USD 1 Quarter
Operating income OperatingIncomeLoss $5.53M USD 1 Quarter
Interest income InvestmentIncomeInterest $20.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $37.00K USD 1 Quarter
Interest expense InterestExpense $1.88M USD 1 Quarter
Interest expense InterestExpense $1.91M USD 1 Quarter
Net gain on sale of assets GainLossOnDispositionOfAssets $393.00K USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $-57.00K USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $821.00K USD 1 Quarter
Income before income taxes and equity earnings of unconsolidated joint ventures IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $4.49M USD 1 Quarter
Income before income taxes and equity earnings of unconsolidated joint ventures IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $3.15M USD 1 Quarter
Equity earnings of unconsolidated joint ventures IncomeLossFromSubsidiariesNetOfTax $255.00K USD 1 Quarter
Equity earnings of unconsolidated joint ventures IncomeLossFromSubsidiariesNetOfTax $302.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $3.46M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $4.74M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.70M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.23M USD 1 Quarter
Net income ProfitLoss $2.22M USD 1 Quarter
Net income ProfitLoss $3.04M USD 1 Quarter
Less: net income (loss) attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $12.00K USD 1 Quarter
Less: net income (loss) attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-2.00K USD 1 Quarter
Net income attributable to Reading International, Inc. common shareholders NetIncomeLoss $3.03M USD 1 Quarter
Net income attributable to Reading International, Inc. common shareholders NetIncomeLoss $2.23M USD 1 Quarter
Basic earnings per share attributable to Reading International, Inc. shareholders EarningsPerShareBasic $0.10 USD 1 Quarter
Basic earnings per share attributable to Reading International, Inc. shareholders EarningsPerShareBasic $0.13 USD 1 Quarter
Diluted earnings per share attributable to Reading International, Inc. shareholders EarningsPerShareDiluted $0.13 USD 1 Quarter
Diluted earnings per share attributable to Reading International, Inc. shareholders EarningsPerShareDiluted $0.09 USD 1 Quarter
Weighted average number of shares outstanding-basic WeightedAverageNumberOfSharesOutstandingBasic 23.33M shares 1 Quarter
Weighted average number of shares outstanding-basic WeightedAverageNumberOfSharesOutstandingBasic 23.17M shares 1 Quarter
Weighted average number of shares outstanding-diluted WeightedAverageNumberOfDilutedSharesOutstanding 23.47M shares 1 Quarter
Weighted average number of shares outstanding-diluted WeightedAverageNumberOfDilutedSharesOutstanding 23.53M shares 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $2.22M USD 1 Quarter
Net income ProfitLoss $3.04M USD 1 Quarter
Equity earnings of unconsolidated joint ventures IncomeLossFromSubsidiariesNetOfTax $255.00K USD 1 Quarter
Equity earnings of unconsolidated joint ventures IncomeLossFromSubsidiariesNetOfTax $302.00K USD 1 Quarter
Distributions of earnings from unconsolidated joint ventures EquityMethodInvestmentDividendsOrDistributions $220.00K USD 1 Quarter
Distributions of earnings from unconsolidated joint ventures EquityMethodInvestmentDividendsOrDistributions $253.00K USD 1 Quarter
Gain recognized on foreign currency transactions ForeignCurrencyTransactionGainLossRealized $825.00K USD 1 Quarter
Net gain on sale of assets GainLossOnDispositionOfAssets $393.00K USD 1 Quarter
Change in net deferred tax assets DeferredIncomeTaxesAndTaxCredits $577.00K USD 1 Quarter
Change in net deferred tax assets DeferredIncomeTaxesAndTaxCredits $-631.00K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortizationDiscontinuedOperations $3.93M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortizationDiscontinuedOperations $3.81M USD 1 Quarter
Amortization of actuarial loss AmortizationOfActuarialGainLoss $-532.00K USD 1 Quarter
Amortization of actuarial loss AmortizationOfActuarialGainLoss $-405.00K USD 1 Quarter
Stock based compensation expense ShareBasedCompensation $143.00K USD 1 Quarter
Stock based compensation expense ShareBasedCompensation $166.00K USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $1.16M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-2.21M USD 1 Quarter
Prepaid and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.42M USD 1 Quarter
Prepaid and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.50M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-29.00K USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-5.43M USD 1 Quarter
Film rent payable IncreaseDecreaseInFilmRentPayable $-1.71M USD 1 Quarter
Film rent payable IncreaseDecreaseInFilmRentPayable $-220.00K USD 1 Quarter
Taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $1.49M USD 1 Quarter
Taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $44.00K USD 1 Quarter
Deferred revenue and other liabilities IncreaseDecreaseInDeferredRevenuesAndOtherLiabilities $-698.00K USD 1 Quarter
Deferred revenue and other liabilities IncreaseDecreaseInDeferredRevenuesAndOtherLiabilities $-2.59M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $4.42M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $311.00K USD 1 Quarter
Demolition costs of Courtenay Central parking building PaymentsForDemolistionCosts $2.46M USD 1 Quarter
Purchases of and additions to operating property PaymentsToAcquirePropertyPlantAndEquipment $4.18M USD 1 Quarter
Purchases of and additions to operating property PaymentsToAcquirePropertyPlantAndEquipment $8.48M USD 1 Quarter
Change in restricted cash IncreaseDecreaseInRestrictedCash $-147.00K USD 1 Quarter
Change in restricted cash IncreaseDecreaseInRestrictedCash $-12.00K USD 1 Quarter
Proceeds from sale of property ProceedsFromSaleOfPropertyPlantAndEquipment $831.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-10.92M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-3.21M USD 1 Quarter
Repayment of long-term borrowings RepaymentsOfLongTermDebt $12.88M USD 1 Quarter
Repayment of long-term borrowings RepaymentsOfLongTermDebt $6.85M USD 1 Quarter
Proceeds from borrowings ProceedsFromIssuanceOfLongTermDebt $2.25M USD 1 Quarter
Proceeds from borrowings ProceedsFromIssuanceOfLongTermDebt $16.12M USD 1 Quarter
Capitalized borrowing costs PaymentsOfFinancingCosts $12.00K USD 1 Quarter
Repurchase of Class A Nonvoting Common Stock PaymentsForRepurchaseOfCommonStock $671.00K USD 1 Quarter
Proceeds from stock option exercises ProceedsFromStockOptionsExercised $3.00K USD 1 Quarter
Noncontrolling interest contributions ProceedsFromMinorityShareholders $41.00K USD 1 Quarter
Noncontrolling interest distributions PaymentsToMinorityShareholders $55.00K USD 1 Quarter
Noncontrolling interest distributions PaymentsToMinorityShareholders $77.00K USD 1 Quarter
Net cash provided by/(used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-4.66M USD 1 Quarter
Net cash provided by/(used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $2.54M USD 1 Quarter
Effect of exchange rate on cash EffectOfExchangeRateOnCashAndCashEquivalents $87.00K USD 1 Quarter
Effect of exchange rate on cash EffectOfExchangeRateOnCashAndCashEquivalents $80.00K USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-3.37M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-7.99M USD 1 Quarter
Cash and cash equivalents at the beginning of the year CashAndCashEquivalentsAtCarryingValue $19.70M USD Point-in-time
Cash and cash equivalents at the beginning of the year CashAndCashEquivalentsAtCarryingValue $11.03M USD Point-in-time
Cash and cash equivalents at the beginning of the year CashAndCashEquivalentsAtCarryingValue $19.02M USD Point-in-time
Cash and cash equivalents at the beginning of the year CashAndCashEquivalentsAtCarryingValue $16.33M USD Point-in-time
Cash and cash equivalents at the end of the year CashAndCashEquivalentsAtCarryingValue $19.70M USD Point-in-time
Cash and cash equivalents at the end of the year CashAndCashEquivalentsAtCarryingValue $11.03M USD Point-in-time
Cash and cash equivalents at the end of the year CashAndCashEquivalentsAtCarryingValue $19.02M USD Point-in-time
Cash and cash equivalents at the end of the year CashAndCashEquivalentsAtCarryingValue $16.33M USD Point-in-time
Interest paid InterestPaidNet $1.66M USD 1 Quarter
Interest paid InterestPaidNet $1.45M USD 1 Quarter
Income taxes paid, net IncomeTaxesPaid $188.00K USD 1 Quarter
Income taxes paid, net IncomeTaxesPaid $1.41M USD 1 Quarter
Comprehensive Income 15 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $2.22M USD 1 Quarter
Net income ProfitLoss $3.04M USD 1 Quarter
Foreign currency translation gain OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $6.32M USD 1 Quarter
Foreign currency translation gain OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $5.83M USD 1 Quarter
Unrealized loss on available for sale investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-4.00K USD 1 Quarter
Accrued pension service benefit OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax $-32.00K USD 1 Quarter
Accrued pension service benefit OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax $-52.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $8.58M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $8.91M USD 1 Quarter
Less: net income (loss) attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $12.00K USD 1 Quarter
Less: net income (loss) attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-2.00K USD 1 Quarter
Less: comprehensive loss attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $16.00K USD 1 Quarter
Less: comprehensive loss attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $13.00K USD 1 Quarter
Comprehensive income attributable to Reading International, Inc. ComprehensiveIncomeNetOfTax $8.89M USD 1 Quarter
Comprehensive income attributable to Reading International, Inc. ComprehensiveIncomeNetOfTax $8.56M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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