← National CineMedia, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $2.5m $29.8m $36.1m ($65.4m) ($48.7m) ($28.7m) $705.2m ($22.3m) ($10.6m) —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — — — — ($22.3m) ($10.6m) —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $58.7m $80.2m $86.7m ($126.3m) ($118.4m) ($66.2m) $696.7m ($22.3m) — —
Net Income (Loss) Attributable to Noncontrolling Interest $56.2m $50.4m $50.6m ($60.9m) ($69.7m) ($37.5m) ($8.5m) $0 $0 —
Depreciation and amortization $37.6m $39.9m $13.6m $13.1m $10.9m $6.5m — — — —
Amortization of Debt Issuance Costs $2.6m $2.6m $2.6m $2.5m $4.1m $8.9m $3.4m $800k $400k $400k
Amortization of Intangible Assets $26.5m $27.3m $26.7m $24.6m $24.7m $25.0m $22.4m $37.8m $33.3m —
Depreciation $10.9m $12.6m — — — — — — — —
Depreciation, Nonproduction — — — — — — $3.1m $4.6m $4.6m —
Depreciation expense $11.0m $12.6m $13.6m $13.1m $10.9m $6.5m $3.1m $4.6m — $4.6m
Amortization expense $26.6m $27.3m $26.7m $24.6m $24.7m $25.0m $22.4m $37.8m — $33.3m
Deferred Income Tax Expense (Benefit) $130.6m $23.3m $12.1m $162.4m $0 — — $0 $0 —
Share-based Payment Arrangement, Noncash Expense $11.2m $7.8m $5.5m $2.2m $8.1m $7.1m $4.5m $12.2m $9.3m —
Payment, Tax Withholding, Share-based Payment Arrangement $4.7m $2.4m $1.3m $1.0m $2.0m $200k $0 — — —
Share-based Payment Arrangement, Expense $11.2m $7.8m $5.5m $2.2m $8.1m $7.1m $4.5m $12.2m $9.3m —
Impairment of Intangible Assets (Excluding Goodwill) — — $0 $0 $0 $0 — — — —
Non-cash share-based compensation $11.2m $7.8m $5.5m $2.2m $8.1m $7.1m $4.5m $12.2m — $9.3m
Gain (Loss) on Disposition of Assets — — — — — — ($300k) — — —
Gain (Loss) on Disposition of Property Plant Equipment — — — — — — ($300k) — — —
Gain (Loss) on Extinguishment of Debt — ($700k) ($5.6m) ($400k) ($1.2m) $6 — — ($1.8m) —
Income Tax Expense (Benefit) $129.0m $23.5m $12.4m $162.2m $0 $0 $0 $200k $0 —
Other Nonoperating Income (Expense) $300k $200k $400k ($200k) $0 $700k $300k $1.3m $600k —
Proceeds received from equity method investment — — — — — — $600k $1.2m — $0
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $100k ($10.7m) $20.9m ($158.0m) $36.8m $40.0m ($36.3m) ($10.6m) $8.9m —
Accretion Expense $18.5m — — — — — — — — —
Deconsolidation, Gain (Loss), Amount — — — — — — $557.7m $0 $0 —
Gain (Loss) on Termination of Lease ($1.8m) ($1.8m) ($1.8m) — — — — — — —
General and Administrative Expense $37.9m $48.3m $43.8m $30.9m $36.0m $44.3m $57.3m $50.7m $46.1m —
Goodwill — — — — — — — — $500k —
Nonoperating Income (Expense) $33.8m ($50.6m) ($62.2m) $96.9m ($49.8m) ($73.1m) $724.0m ($2.6m) $3.3m —
Proceeds from Stock Options Exercised $600k $0 $0 — — — — — — —
Consolidated net (loss) income $58.7m $80.2m $86.7m ($126.3m) — ($66.2m) $696.7m ($22.3m) — ($10.6m)
Non-cash (gain) loss on re-measurement of the TRA payable ($103.6m) ($3.8m) $1.1m ($152.7m) ($16.1m) $2.2m $9.3m $4.6m — ($3.7m)
Non-cash consideration received for advertising services — — — — — — $0 $0 — ($2.3m)
Gain on deconsolidation of affiliate — — — — — $0 ($557.7m) $0 — $0
Gain on re-measurement of NCM LLC — — — — — $0 ($35.5m) $0 — $0
Gain on reconsolidation of NCM LLC — — — — — — ($167.8m) $0 — $0
Other ($300k) ($500k) ($1.0m) $100k $200k ($400k) ($400k) ($500k) — $1.8m
ESA Party integration and encumbered theater payments — — — — — — $5.0m $1.2m — $700k
Payments to the ESA Parties under the tax receivable agreement — — — — — — $0 $0 — ($1.3m)
Receivables, net ($100k) $10.7m ($20.9m) $158.0m ($36.8m) ($40.0m) $36.3m $10.6m — ($8.9m)
Accounts payable and accrued expenses $1.7m $4.8m $3.6m ($18.5m) $2.3m $14.2m ($2.7m) ($100k) — ($3.3m)
Amounts due to ESA Parties, net — — — — — $1.0m ($4.2m) $2.5m — $2.8m
Deferred revenue ($3.1m) $200k $300k ($2.5m) $7.5m ($4.8m) ($5.4m) $13.2m — ($14.6m)
Prepaid expenses — — — — — $0 ($11.0m) ($4.9m) — $500k
Other, net $1.9m $1.7m ($2.6m) $2.5m $2.7m $2.4m ($2.0m) $600k — ($600k)
Purchase of a business — — — — — — $0 $0 — ($7.5m)
Cash contributed upon reconsolidation — — — — — $0 $15.5m $0 — $0
Repayments of term loan facilities — — — — $0 ($19.8m) $800k $0 — ($20.0m)
Proceeds from term loan facilities — — — — — — $0 $0 — $22.0m
Purchase of an intangible asset with NCM LLC equity $201.8m $15.9m $7.6m $10.5m $14.1m $10.4m $0 $700k — $0
Issuance of shares upon the reconsolidation of NCM LLC — — — — — — $245.3m $0 — $0
Fair value of NCM LLC net assets reconsolidated, net of cash ($200k) $0 — — — — $433.8m $0 — $0
Purchase of subsidiary equity with NCM, Inc. equity $84.9m — — — — — $2.6m $0 — $0
Accrued purchases of property and equipment $400k $1.1m $400k $1.2m $0 $800k $800k $100k — $0
Right of use assets obtained in exchange for lease liabilities — — — — — — $0 $9.1m — $0
Cost method investment obtained in exchange for advertising inventory $84.9m $0 $1.7m $0 $0 $12.4m $0 $2.0m — $2.3m
Cash payments for income taxes ($1.7m) $300k $100k $500k ($100k) $100k $0 $78k — $13k
Net Cash Provided by (Used in) Operating Activities $138.9m $150.3m $143.6m $55.3m ($95.2m) ($47.3m) $800k $60.3m $8.4m $8.4m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $11.6m $14.2m $14.0m $8.0m $5.7m $2.9m $3.3m $5.8m $5.6m ($5.6m)
Purchase of strategic investments — — — — — — $0 ($1.0m) — ($2.0m)
Payments for (Proceeds from) Other Investing Activities — — — — — — — — $300k —
Other cash flows from investing activities, net — — — — — — $1.3m ($100k) — ($300k)
Net cash (used in) provided by investing activities $8.5m ($16.1m) $1.6m $15.6m ($5.4m) ($400k) $32.6m ($5.7m) — ($15.4m)
Net Cash Provided by (Used in) Investing Activities — — — — ($5.4m) ($400k) — ($5.7m) ($15.4m) —
Cash flows from financing activities:
Payment of debt issuance costs $0 ($6.9m) ($4.6m) ($1.3m) ($7.3m) ($7.0m) ($1.2m) $0 — ($1.5m)
Repayments of Long-term Debt — $14.2m — — — — $0 — — —
Payments for Repurchase of Common Stock — — — — — — — $13.1m $22.0m —
Payments of Ordinary Dividends, Common Stock $59 $54 $54 $32 $17 $10 $0 $0 $11 —
Purchases of NCM, Inc.'s common stock — — — — — — $0 ($13.1m) — ($22.0m)
Payment of dividends ($59) ($54) ($54) ($32) ($17) ($10) ($0) ($0) — ($11)
Increase in dividend equivalent accrual not requiring cash in the period ($1.0m) ($1.4m) $100k ($100k) $900k — $0 $0 — $200k
Proceeds from (Payments for) Other Financing Activities — — — — — — — — ($600k) —
Other cash flows from financing activities — — — — — — — ($700k) — ($600k)
Net Cash Provided by (Used in) Financing Activities ($140.2m) ($123.0m) ($130.7m) $53.5m $21.5m $10.3m ($52.1m) ($14.1m) ($33.5m) ($33.5m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $11.2m $14.5m $124.4m ($79.1m) ($37.4m) ($26.2m) $40.5m ($40.5m) —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $41.4m $55.9m $180.3m $101.2m $63.8m $37.6m $78.1m $37.6m —
Cash, cash equivalents and restricted cash reconsolidated — — — — — $0 $49.5m $0 — $0
Removal of cash, cash equivalents and restricted cash of unconsolidated affiliate — — — — — $0 ($49.6m) $0 — $0
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH $7.2m $11.2m $14.5m $124.4m ($79.1m) ($37.4m) ($26.2m) $40.5m ($40.5m)
Cash, cash equivalents and restricted cash at beginning of period $30.2m $41.4m $55.9m $180.3m $101.2m $63.8m $37.6m $78.1m — $37.6m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $49.9m $54.1m $54.3m $54.6m $58.6m $66.5m $12.5m $900k $200k $200k
Income Taxes Paid, Net ($1.7m) $300k $100k $500k ($100k) $100k $0 $78k $13k —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.