← 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
Total Revenue $140.7m $441.4m $444.8m $90.4m $114.6m $249.2m $165.2m $240.8m $243.2m $243.2m
Revenue (including revenue from related parties of $0.1, $0.0 and $14.2, respectively) $426.1m $441.4m $444.8m $90.4m $114.6m $249.2m $165.2m $240.8m — $243.2m
Cost of Revenue $105.5m $238.8m $239.7m $67.8m $86.0m $198.0m $135.2m $13.7m $13.0m $182.4m
Gross Profit (Calculated) (derived) $35.2m $202.6m $205.1m $22.6m $28.6m $51.2m $30.0m $227.1m $230.2m $60.8m
Network operating costs $33.8m $42.4m $40.4m $10.4m $19.1m $27.2m $30.8m $13.7m — $13.0m
Operating Income (Loss) $153.9m $154.3m $161.3m ($61.0m) ($68.6m) $6.9m ($27.3m) ($19.5m) ($13.9m) ($13.9m)
Additional Financial Items
Amortization of Intangible Assets $26.5m $27.3m $26.7m $24.6m $24.7m $25.0m $22.4m $37.8m $33.3m —
Interest and Other Income $1.2m $1.5m $2.1m $600k $100k — — — — —
Theater exhibition fees (including fees to related parties of $0.0, $0.0 and $16.5, respectively) — — — — — — $69.5m $111.9m — $118.5m
Total ($33.8m) $50.6m $62.2m ($96.9m) $49.8m $73.1m ($724.0m) $2.6m — ($3.3m)
Interest on borrowings $52.8m $55.4m $58.0m $55.8m $64.8m $79.7m $27.9m $1.7m $600k $600k
Interest income ($1.2m) ($1.5m) ($2.1m) ($600k) ($100k) — ($100k) ($2.4m) — ($1.4m)
(Gain) loss on re-measurement of the payable under the tax receivable agreement ($103.6m) ($3.8m) $1.1m ($152.7m) ($16.1m) ($2.2m) ($9.3m) $4.6m — ($3.7m)
Loss on debt extinguishment $0 $700k $5.6m $400k $1.2m — $0 $0 — $1.8m
Gain on deconsolidation of affiliate — — — — — — ($557.7m) $0 — $0
Gain on re-measurement of investment in NCM LLC — — — — — $0 ($35.5m) $0 — $0
Gain on reconsolidation of NCM LLC — — — — — — $167.8m $0 — $0
Other non-operating income, net ($300k) ($200k) ($400k) $200k $0 ($700k) ($300k) ($1.3m) — ($600k)
CONSOLIDATED NET (LOSS) INCOME $58.7m $80.2m $86.7m ($126.3m) ($118.4m) ($66.2m) $696.7m ($22.3m) ($10.6m)
Less:  Net loss attributable to noncontrolling interests $56.2m $50.4m $50.6m ($60.9m) ($69.7m) ($37.5m) ($8.5m) $0 $0 $0
NET (LOSS) INCOME ATTRIBUTABLE TO NCM, INC. $2.5m $29.8m $36.1m ($65.4m) ($48.7m) ($28.7m) $705.2m ($22.3m) ($10.6m) ($10.6m)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO NCM, INC. $58.3m $29.8m $36.1m ($65.4m) ($48.7m) ($28.7m) $705.2m ($22.3m) ($10.6m)
Basic (in shares) $65.2m $76.9m $77.3m $78.0m $79.9m $82.0m $47.9m $95.9m 94.2m $94.2m
Diluted (in shares) $151.1m $157.4m $77.8m $78.0m $79.9m $82.0m $48.6m $95.9m 94.2m $94.2m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $187.7m $103.7m $99.1m $35.9m ($118.4m) ($66.2m) $696.7m ($22.1m) ($10.6m) ($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) — ($10.6m)
(LOSS) INCOME BEFORE INCOME TAXES $187.7m $103.7m $99.1m $35.9m ($118.4m) ($66.2m) $696.7m ($22.1m) ($10.6m) ($10.6m)
Net Income (Loss) Attributable to Parent $2.5m $29.8m $36.1m ($65.4m) ($48.7m) ($28.7m) $705.2m ($22.3m) ($10.6m) ($10.6m)
Net Income (Loss) Attributable to Noncontrolling Interest $56.2m $50.4m $50.6m ($60.9m) ($69.7m) ($37.5m) ($8.5m) $0 $0 $0
Earnings Per Share, Basic $0.04 $0.39 $0.47 ($0.84) ($0.61) ($0.35) $14.73 ($0.23) ($0.11) ($0.11)
Earnings Per Share, Diluted $0.02 $0.37 $0.46 ($0.84) ($0.61) ($0.35) $14.34 ($0.23) ($0.11) ($0.11)
Common Stock, Dividends, Per Share, Declared $0.88 $0.68 $0.68 $0.40 $0.20 $0.11 $14.73 ($0.23) $0.12 ($0.11)
Weighted Average Number of Shares Outstanding, Basic 65.2m 76.9m 77.3m 78.0m 79.9m 82.0m 47.9m 95.9m 94.2m $94.2m
Weighted Average Number of Shares Outstanding, Diluted 151.1m 157.4m 77.8m 78.0m 79.9m 82.0m 48.6m 95.9m 94.2m $94.2m
Research and Development Expense $3.6m $1.7m $3.6m $1.9m $1.7m $4.6m $3.0m $3.3m $3.1m —
General and Administrative Expense $37.9m $48.3m $43.8m $30.9m $36.0m $44.3m $57.3m $50.7m $46.1m $46.1m
Other Nonoperating Income (Expense) $300k $200k $400k ($200k) $0 $700k $300k $1.3m $600k —
Costs and Expenses $272.2m $287.1m $283.5m $151.4m $183.2m $242.3m $192.5m $260.3m $257.1m —
Nonoperating Income (Expense) $33.8m ($50.6m) ($62.2m) $96.9m ($49.8m) ($73.1m) $724.0m ($2.6m) $3.3m —
Other Expenses — — — ($2.5m) ($2.7m) ($2.4m) — — — —
Selling and Marketing Expense $72.0m $66.5m $64.9m $37.6m $34.7m $42.8m $29.6m $41.6m $41.6m $41.6m
Selling and marketing costs $72.0m $66.5m $64.9m $37.6m $34.7m $42.8m $29.6m $41.6m $41.6m $41.6m
Administrative and other costs $37.9m $48.3m $43.8m $30.9m $36.0m $44.3m $57.3m $50.7m $46.1m $46.1m
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
Interest Expense, Debt $52.8m $55.4m $58.0m $55.8m $64.8m $79.7m $27.9m $1.7m $600k $600k
Current Income Tax Expense (Benefit) ($1.6m) $200k $300k ($200k) $0 — — $200k $0 —
Income tax expense $129.0m $23.5m $12.4m $162.2m $0 $0 $0 $200k $0 $0
Interest Income (Expense), Nonoperating, Net — — — — — — — $2.4m $1.4m —
Income Tax Expense (Benefit) $129.0m $23.5m $12.4m $162.2m $0 $0 $0 $200k $0 $0

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