10-Q Filing

CARMIKE CINEMAS INC CIK: 799088 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-215029`
Period End Date	20120331
Filing Date	20120507
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	ckec-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 46 Cash Flow Statement 59

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.64M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.07M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$30.00K	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
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$331.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.03	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.33M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.03	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.99M	USD	Point-in-time
Inventories	`InventoryNet`	$2.96M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Inventories	`InventoryNet`	$2.98M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.41M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.11M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.56M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.42M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.11M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$34.75M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.97M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$31.30M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	452,930.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	452,930.00	shares	Point-in-time
Land	`Land`	$53.91M	USD	Point-in-time
Land	`Land`	$53.91M	USD	Point-in-time
Buildings and building improvements	`BuildingsAndImprovementsGross`	$273.43M	USD	Point-in-time
Buildings and building improvements	`BuildingsAndImprovementsGross`	$276.22M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$123.55M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$120.96M	USD	Point-in-time
Assets under capital leases	`CapitalLeasedAssetsGross`	$44.97M	USD	Point-in-time
Assets under capital leases	`CapitalLeasedAssetsGross`	$44.97M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$212.46M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$214.00M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$2.35M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$1.95M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$709.22M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$713.45M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$357.52M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$357.48M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$351.74M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$355.94M	USD	Point-in-time
Goodwill	`Goodwill`	$8.09M	USD	Point-in-time
Goodwill	`Goodwill`	$8.09M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.17M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.14M	USD	Point-in-time
Investments in unconsolidated affiliates (Note 10)	`EquityMethodInvestments`	$7.46M	USD	Point-in-time
Investments in unconsolidated affiliates (Note 10)	`EquityMethodInvestments`	$8.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.87M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.59M	USD	Point-in-time
Total assets	`Assets`	$422.86M	USD	Point-in-time
Total assets	`Assets`	$420.76M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.25M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$30.58M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$31.14M	USD	Point-in-time
Current maturities of long-term debt, capital leases and long-term financing obligations	`LongTermDebtCapitalLeasesAndLongTermFinancingObligationsCurrentPortion`	$3.96M	USD	Point-in-time
Current maturities of long-term debt, capital leases and long-term financing obligations	`LongTermDebtCapitalLeasesAndLongTermFinancingObligationsCurrentPortion`	$4.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$60.89M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$196.46M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$196.88M	USD	Point-in-time
Capital leases and long-term financing obligations, less current maturities	`CapitalLeasesAndLongTermFinancingObligationsLessCurrentMaturities`	$114.61M	USD	Point-in-time
Capital leases and long-term financing obligations, less current maturities	`CapitalLeasesAndLongTermFinancingObligationsLessCurrentMaturities`	$114.18M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$33.72M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$34.01M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$18.31M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$17.44M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$361.80M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$363.80M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, $1.00 par value per share: 1,000,000 shares authorized, no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $1.00 par value per share: 1,000,000 shares authorized, no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.03 par value per share: 35,000,000 shares authorized, 13,563,955 shares issued and 13,111,025 shares outstanding at March 31, 2012, and 13,419,872 shares issued and 12,966,942 shares outstanding at December 31, 2011	`CommonStockValue`	$401.00K	USD	Point-in-time
Common Stock, $0.03 par value per share: 35,000,000 shares authorized, 13,563,955 shares issued and 13,111,025 shares outstanding at March 31, 2012, and 13,419,872 shares issued and 12,966,942 shares outstanding at December 31, 2011	`CommonStockValue`	$401.00K	USD	Point-in-time
Treasury stock, 452,930 shares at cost at March 31, 2012 and December 31, 2011	`TreasuryStockValue`	$11.68M	USD	Point-in-time
Treasury stock, 452,930 shares at cost at March 31, 2012 and December 31, 2011	`TreasuryStockValue`	$11.68M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$291.46M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$291.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-282.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-285.34M	USD	Point-in-time
Total stockholders' (deficit)	`StockholdersEquity`	$-1.93M	USD	Point-in-time
Total stockholders' (deficit)	`StockholdersEquity`	$-5.62M	USD	Point-in-time
Total liabilities and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$420.76M	USD	Point-in-time
Total liabilities and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$422.86M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Admissions	`AdmissionsRevenue`	$61.08M	USD	1 Quarter
Admissions	`AdmissionsRevenue`	$83.26M	USD	1 Quarter
Concessions and other	`ConcessionsAndOtherRevenue`	$47.56M	USD	1 Quarter
Concessions and other	`ConcessionsAndOtherRevenue`	$34.70M	USD	1 Quarter
Total operating revenues	`Revenues`	$95.78M	USD	1 Quarter
Total operating revenues	`Revenues`	$130.82M	USD	1 Quarter
Film exhibition costs	`FilmExhibitionCosts`	$43.54M	USD	1 Quarter
Film exhibition costs	`FilmExhibitionCosts`	$32.10M	USD	1 Quarter
Concession costs	`ConcessionsCosts`	$5.60M	USD	1 Quarter
Concession costs	`ConcessionsCosts`	$3.87M	USD	1 Quarter
Other theatre operating costs	`OtherCostAndExpenseOperating`	$49.08M	USD	1 Quarter
Other theatre operating costs	`OtherCostAndExpenseOperating`	$52.62M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.73M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.79M	USD	1 Quarter
Loss (gain) on sale of property and equipment	`GainLossOnDispositionOfProperty`	$-248.00K	USD	1 Quarter
Loss (gain) on sale of property and equipment	`GainLossOnDispositionOfProperty`	$20.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.49M	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$161.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$97.72M	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$116.29M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$14.54M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-1.93M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.15M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.26M	USD	1 Quarter
Income (loss) before income tax and loss from unconsolidated affiliates	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-11.09M	USD	1 Quarter
Income (loss) before income tax and loss from unconsolidated affiliates	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.27M	USD	1 Quarter
Income tax expense (Note 4)	`IncomeTaxExpenseBenefit`	$2.41M	USD	1 Quarter
Income tax expense (Note 4)	`IncomeTaxExpenseBenefit`	$6.49M	USD	1 Quarter
Loss from unconsolidated affiliates (Note 10)	`IncomeLossFromEquityMethodInvestments`	$-801.00K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-18.37M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$3.32M	USD	1 Quarter
Loss from discontinued operations (Note 6)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-26.00K	USD	1 Quarter
Loss from discontinued operations (Note 6)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-86.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-18.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.23M	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.78M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.82M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.94M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.78M	shares	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-1.44	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.26	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Net income (loss)	`EarningsPerShareBasicAndDiluted`	$-1.44	USD	1 Quarter
Net income (loss)	`EarningsPerShareBasicAndDiluted`	$0.25	USD	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-18.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$7.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$7.86M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$596.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.02M	USD	1 Quarter
Impairment on long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUseIncludingThoseFromDiscontinuedOperations`	$1.49M	USD	1 Quarter
Impairment on long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUseIncludingThoseFromDiscontinuedOperations`	$161.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$463.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$463.00K	USD	1 Quarter
Loss from unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-801.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-206.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-107.00K	USD	1 Quarter
Loss (gain) on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$243.00K	USD	1 Quarter
Loss (gain) on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-290.00K	USD	1 Quarter
Accounts receivable and inventories	`IncreaseDecreaseInAccountsReceivableAndInventories`	$764.00K	USD	1 Quarter
Accounts receivable and inventories	`IncreaseDecreaseInAccountsReceivableAndInventories`	$-1.12M	USD	1 Quarter
Screenvision receivable	`IncreaseDecreaseInScreenvisionReceivable`	$-30.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$957.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$523.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.72M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.44M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.01M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.95M	USD	1 Quarter
Distributions from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$98.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.95M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.55M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.01M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.99M	USD	1 Quarter
Release of restricted cash	`IncreaseDecreaseInRestrictedCash`	$-301.00K	USD	1 Quarter
Release of restricted cash	`IncreaseDecreaseInRestrictedCash`	$-273.00K	USD	1 Quarter
Theatre acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$702.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$58.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$439.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.33M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.30M	USD	1 Quarter
Short-term borrowings	`ProceedsFromShortTermDebt`	$5.00M	USD	1 Quarter
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	$5.00M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$15.60M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$511.00K	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$588.00K	USD	1 Quarter
Repayments of capital lease and long-term financing obligations	`RepaymentsOfCapitalLeaseAndLongTermFinancingObligations`	$436.00K	USD	1 Quarter
Repayments of capital lease and long-term financing obligations	`RepaymentsOfCapitalLeaseAndLongTermFinancingObligations`	$483.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-947.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.67M	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.58M	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.67M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.64M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.62M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.29M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.64M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.62M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.07M	USD	Point-in-time
Interest	`InterestPaid`	$8.17M	USD	1 Quarter
Interest	`InterestPaid`	$7.56M	USD	1 Quarter
Non-cash purchase of property and equipment	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$256.00K	USD	1 Quarter
Non-cash purchase of property and equipment	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$1.08M	USD	1 Quarter

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