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TORONTO, ONTARIO -- (Marketwire) -- 02/07/13 -- Cineplex Inc. ("Cineplex") (TSX: CGX) today released its financial results for the fourth quarter of 2012 and the full year of 2012.
Annual Results---------------------------------------------------------------------------- Year over Year 2012 2011 Change (i)----------------------------------------------------------------------------Total Revenues $ 1,091.9 million $ 998.2 million 9.4%Attendance 71.2 million 66.1 million 7.8%Other Revenues $ 124.2 million $ 129.2 million -3.8%Net Income $ 120.5 million $ 49.3 million 144.6%Adjusted EBITDA $ 200.5 million $ 173.2 million 15.8%Adjusted EBITDA Margin 18.4% 17.3% 1.1%Adjusted Free Cash Flow per Share $ 2.0785 $ 1.9657 5.7%Basic Earnings per Share $ 1.98 $ 0.86 130.2%Diluted Earnings per Share $ 1.97 $ 0.85 131.8%----------------------------------------------------------------------------(i) Year over Year change calculated based on thousands of dollars except percentage and per share values. Changes in percentage amounts are calculated as 2012 value less 2011 value.Fourth Quarter Results---------------------------------------------------------------------------- Period over Period 2012 2011 Change (i)----------------------------------------------------------------------------Total Revenues $ 298.7 million $ 241.7 million 23.6%Attendance 18.6 million 15.1 million 23.3%Other Revenues $ 41.8 million $ 39.8 million 4.9%Net Income $ 32.7 million $ 10.9 million 199.2%Adjusted EBITDA $ 57.5 million $ 40.1 million 43.4%Adjusted EBITDA Margin 19.3% 16.6% 2.7%Adjusted Free Cash Flow per Share $ 0.5403 $ 0.3570 51.3%Basic Earnings per Share $ 0.53 $ 0.19 178.9%Diluted Earnings per Share $ 0.52 $ 0.19 173.7%----------------------------------------------------------------------------(i) Period over Period change calculated based on thousands of dollars except percentage and per share values. Changes in percentage amounts are calculated as 2012 value less 2011 value.
"2012 was the best year on record for Cineplex," said Ellis Jacob, President and CEO, Cineplex Entertainment. "Total revenues of $1.1 billion increased 9.4% versus the prior year, and are the highest in the company's history. As compared to 2011, box office revenues of $638.3 million increased 10.6%, concession revenues of $329.3 million increased 12.9%, resulting in adjusted EBITDA of $200.5 million, an increase of 15.8% and net income of $120.5 million, an increase of 144.6%. Theatre attendance reached a new all-time high of 71.2 million, an increase of 7.8% versus 2011."
