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10-Q Filing

READING INTERNATIONAL INC CIK: 716634 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000716634-18-000010
Period End Date 20180331
Filing Date 20180510
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance rdi-20180331.xml
Filing Contents
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.67M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.02M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $11.03M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $13.67M USD Point-in-time
Receivables AccountsReceivableNetCurrent $8.92M USD Point-in-time
Receivables AccountsReceivableNetCurrent $13.05M USD Point-in-time
Inventories InventoryNet $1.34M USD Point-in-time
Inventories InventoryNet $1.43M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $6.71M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $5.33M 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
Preferred stock, shares authorized PreferredStockSharesAuthorized 12,000.00 shares Point-in-time
Total Current Assets AssetsCurrent $25.64M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 12,000.00 shares Point-in-time
Total Current Assets AssetsCurrent $33.48M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Operating property, net PropertyPlantAndEquipmentNet $264.72M USD Point-in-time
Operating property, net PropertyPlantAndEquipmentNet $269.58M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Investment and development properties, net PropertyHeldForAndUnderDevelopment $66.94M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Investment and development properties, net PropertyHeldForAndUnderDevelopment $61.25M USD Point-in-time
Investment in unconsolidated joint ventures EquityMethodInvestments $5.28M USD Point-in-time
Investment in unconsolidated joint ventures EquityMethodInvestments $5.30M USD Point-in-time
Goodwill Goodwill $20.38M USD Point-in-time
Goodwill Goodwill $20.28M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $8.54M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $8.23M USD Point-in-time
Deferred tax assets, net DeferredTaxAssetsNetNoncurrent $24.83M USD Point-in-time
Deferred tax assets, net DeferredTaxAssetsNetNoncurrent $24.91M USD Point-in-time
Other assets OtherAssetsNoncurrent $5.66M USD Point-in-time
Other assets OtherAssetsNoncurrent $4.54M USD Point-in-time
Total Assets Assets $426.56M USD Point-in-time
Total Assets Assets $423.03M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $27.10M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $34.36M USD Point-in-time
Film rent payable FilmRentPayable $7.71M USD Point-in-time
Film rent payable FilmRentPayable $13.51M USD Point-in-time
Debt current portion NotesPayableCurrent $8.11M USD Point-in-time
Debt current portion NotesPayableCurrent $10.54M USD Point-in-time
Taxes payable - current TaxesPayableCurrent $3.03M USD Point-in-time
Taxes payable - current TaxesPayableCurrent $2.94M USD Point-in-time
Deferred current revenue DeferredRevenueCurrent $9.85M USD Point-in-time
Deferred current revenue DeferredRevenueCurrent $8.28M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $11.68M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $9.52M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $80.45M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $66.17M USD Point-in-time
Debt long-term portion LongTermNotesPayable $108.32M USD Point-in-time
Debt long-term portion LongTermNotesPayable $94.86M USD Point-in-time
Subordinated debt, net SubordinatedLongTermDebt $27.55M USD Point-in-time
Subordinated debt, net SubordinatedLongTermDebt $27.56M USD Point-in-time
Noncurrent tax liabilities DeferredTaxLiabilitiesNoncurrent $12.27M USD Point-in-time
Noncurrent tax liabilities DeferredTaxLiabilitiesNoncurrent $12.19M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $28.55M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $26.65M USD Point-in-time
Total Liabilities Liabilities $242.80M USD Point-in-time
Total Liabilities Liabilities $241.78M 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, 2018 and December 31, 2017 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, 2018 and December 31, 2017 PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $146.24M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $145.90M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $35.92M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $32.68M USD Point-in-time
Treasury shares TreasuryStockValue $23.22M USD Point-in-time
Treasury shares TreasuryStockValue $22.91M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $20.24M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $20.99M USD Point-in-time
Total Reading International, Inc. stockholders' equity StockholdersEquity $179.42M USD Point-in-time
Total Reading International, Inc. stockholders' equity StockholdersEquity $176.91M USD Point-in-time
Noncontrolling Interests MinorityInterest $4.33M USD Point-in-time
Noncontrolling Interests MinorityInterest $4.33M USD Point-in-time
Total Stockholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $181.24M USD Point-in-time
Total Stockholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $183.75M USD Point-in-time
Total Liabilities and Stockholders Equity LiabilitiesAndStockholdersEquity $423.03M USD Point-in-time
Total Liabilities and Stockholders Equity LiabilitiesAndStockholdersEquity $426.56M USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Revenue Revenues $69.45M USD 1 Quarter
Revenue Revenues $75.82M USD 1 Quarter
Cinema OperatingExpensesCinema $51.78M USD 1 Quarter
Cinema OperatingExpensesCinema $54.95M USD 1 Quarter
Real estate OperatingExpensesRealEstate $2.38M USD 1 Quarter
Real estate OperatingExpensesRealEstate $2.04M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.25M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $3.93M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $7.60M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.17M USD 1 Quarter
Total costs and expenses CostsAndExpenses $70.18M USD 1 Quarter
Total costs and expenses CostsAndExpenses $63.93M USD 1 Quarter
Operating Income OperatingIncomeLoss $5.53M USD 1 Quarter
Operating Income OperatingIncomeLoss $5.64M USD 1 Quarter
Interest expense, net InterestExpense $1.59M USD 1 Quarter
Interest expense, net InterestExpense $1.86M USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $-82.00K USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $821.00K USD 1 Quarter
Income before income tax expense and equity earnings of unconsolidated joint ventures IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $3.97M USD 1 Quarter
Income before income tax expense and equity earnings of unconsolidated joint ventures IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $4.49M USD 1 Quarter
Equity earnings of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $255.00K USD 1 Quarter
Equity earnings of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $257.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $4.74M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $4.22M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.16M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.70M USD 1 Quarter
Net Income ProfitLoss $3.07M USD 1 Quarter
Net Income ProfitLoss $3.04M USD 1 Quarter
Less: net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $12.00K USD 1 Quarter
Less: net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $22.00K USD 1 Quarter
Net Income attributable to Reading International, Inc. common shareholders NetIncomeLoss $3.05M USD 1 Quarter
Net Income attributable to Reading International, Inc. common shareholders NetIncomeLoss $3.03M USD 1 Quarter
Basic income per share attributable to Reading International, Inc. shareholders EarningsPerShareBasic $0.13 USD 1 Quarter
Basic income per share attributable to Reading International, Inc. shareholders EarningsPerShareBasic $0.13 USD 1 Quarter
Diluted income per share attributable to Reading International, Inc. shareholders EarningsPerShareDiluted $0.13 USD 1 Quarter
Diluted income per share attributable to Reading International, Inc. shareholders EarningsPerShareDiluted $0.13 USD 1 Quarter
Weighted average number of shares outstanding-basic WeightedAverageNumberOfSharesOutstandingBasic 22.97M 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 23.13M shares 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $3.07M USD 1 Quarter
Net income ProfitLoss $3.04M USD 1 Quarter
Equity earnings of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $255.00K USD 1 Quarter
Equity earnings of unconsolidated joint ventures IncomeLossFromEquityMethodInvestments $257.00K USD 1 Quarter
Distributions of earnings from unconsolidated joint ventures EquityMethodInvestmentDividendsOrDistributions $220.00K USD 1 Quarter
Distributions of earnings from unconsolidated joint ventures EquityMethodInvestmentDividendsOrDistributions $236.00K USD 1 Quarter
Gain recognized on foreign currency transactions ForeignCurrencyTransactionGainLossRealized $825.00K USD 1 Quarter
Change in net deferred tax assets DeferredIncomeTaxesAndTaxCredits $577.00K USD 1 Quarter
Change in net deferred tax assets DeferredIncomeTaxesAndTaxCredits $157.00K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortizationDiscontinuedOperations $5.25M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortizationDiscontinuedOperations $3.93M USD 1 Quarter
Other amortization AmortizationOfActuarialGainLoss $-224.00K USD 1 Quarter
Other amortization AmortizationOfActuarialGainLoss $-532.00K USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $166.00K USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $379.00K USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-2.21M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-3.21M USD 1 Quarter
Prepaid and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.50M USD 1 Quarter
Prepaid and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.26M USD 1 Quarter
Payments for accrued pension IncreaseDecreaseInAccruedPension $-2.40M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-5.43M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $2.00M USD 1 Quarter
Film rent payable IncreaseDecreaseInFilmRentPayable $-5.79M USD 1 Quarter
Film rent payable IncreaseDecreaseInFilmRentPayable $-1.71M USD 1 Quarter
Taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $150.00K USD 1 Quarter
Taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $44.00K USD 1 Quarter
Deferred revenue and other liabilities IncreaseDecreaseInDeferredRevenuesAndOtherLiabilities $-1.50M USD 1 Quarter
Deferred revenue and other liabilities IncreaseDecreaseInDeferredRevenuesAndOtherLiabilities $-698.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $2.45M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $311.00K USD 1 Quarter
Demolition costs of operating property PaymentsForDemolistionCosts $2.46M USD 1 Quarter
Purchases of and additions to operating and investment properties PaymentsToAcquirePropertyPlantAndEquipment $8.48M USD 1 Quarter
Purchases of and additions to operating and investment properties PaymentsToAcquirePropertyPlantAndEquipment $23.23M USD 1 Quarter
Change in restricted cash IncreaseDecreaseInRestrictedCash $-12.00K USD 1 Quarter
Change in restricted cash IncreaseDecreaseInRestrictedCash $260.00K USD 1 Quarter
Net cash used by investing activities NetCashProvidedByUsedInInvestingActivities $-23.49M USD 1 Quarter
Net cash used by investing activities NetCashProvidedByUsedInInvestingActivities $-10.92M USD 1 Quarter
Repayment of long-term borrowings RepaymentsOfLongTermDebt $12.88M USD 1 Quarter
Repayment of long-term borrowings RepaymentsOfLongTermDebt $9.71M USD 1 Quarter
Proceeds from borrowings ProceedsFromIssuanceOfLongTermDebt $16.12M USD 1 Quarter
Proceeds from borrowings ProceedsFromIssuanceOfLongTermDebt $26.00M USD 1 Quarter
Repurchase of Class A Nonvoting Common Stock PaymentsForRepurchaseOfCommonStock $317.00K USD 1 Quarter
Repurchase of Class A Nonvoting Common Stock PaymentsForRepurchaseOfCommonStock $671.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $3.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $203.00K USD 1 Quarter
Noncontrolling interest contributions ProceedsFromMinorityShareholders $27.00K USD 1 Quarter
Noncontrolling interest contributions ProceedsFromMinorityShareholders $41.00K USD 1 Quarter
Noncontrolling interest distributions PaymentsToMinorityShareholders $43.00K USD 1 Quarter
Noncontrolling interest distributions PaymentsToMinorityShareholders $77.00K USD 1 Quarter
Net cash/provided by financing activities NetCashProvidedByUsedInFinancingActivities $16.16M USD 1 Quarter
Net cash/provided by financing activities NetCashProvidedByUsedInFinancingActivities $2.54M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $87.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-122.00K USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-7.99M USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-5.00M USD 1 Quarter
Cash and cash equivalents at January 1 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.67M USD Point-in-time
Cash and cash equivalents at January 1 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.02M USD Point-in-time
Cash and cash equivalents at January 1 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $11.03M USD Point-in-time
Cash and cash equivalents at January 1 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $13.67M USD Point-in-time
Cash and cash equivalents at March 31 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.67M USD Point-in-time
Cash and cash equivalents at March 31 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.02M USD Point-in-time
Cash and cash equivalents at March 31 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $11.03M USD Point-in-time
Cash and cash equivalents at March 31 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $13.67M USD Point-in-time
Interest paid InterestPaidNet $2.12M USD 1 Quarter
Interest paid InterestPaidNet $1.66M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $808.00K USD 1 Quarter
Income taxes paid IncomeTaxesPaid $1.41M USD 1 Quarter
Additions to operating and investing properties through accrued expenses AdditionsToOperatingAndInvestingPropertiesThroughAccruedExpenses $4.53M USD 1 Quarter
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $3.07M USD 1 Quarter
Net income ProfitLoss $3.04M USD 1 Quarter
Foreign currency translation (loss) gain OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $5.83M USD 1 Quarter
Foreign currency translation (loss) gain OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-803.00K USD 1 Quarter
Other OtherComprehensiveIncomeLossOther $48.00K USD 1 Quarter
Other OtherComprehensiveIncomeLossOther $50.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $8.91M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $2.32M USD 1 Quarter
Less: net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $12.00K USD 1 Quarter
Less: net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $22.00K USD 1 Quarter
Less: comprehensive (loss) income attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $13.00K USD 1 Quarter
Less: comprehensive (loss) income attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $-3.00K USD 1 Quarter
Comprehensive income attributable to Reading International, Inc. ComprehensiveIncomeNetOfTax $2.30M USD 1 Quarter
Comprehensive income attributable to Reading International, Inc. ComprehensiveIncomeNetOfTax $8.89M USD 1 Quarter

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

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