National CineMedia (NCMI) Financials

$5.97 +0.16 (+2.75%)

Closing price 04/15/2025 04:00 PM Eastern

Extended Trading

$5.96 0.00 (-0.08%)

As of 04/15/2025 06:42 PM Eastern

Annual Income Statements for National CineMedia

This table shows National CineMedia's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-29	705	-22
Consolidated Net Income / (Loss)	-66	697	-22
Net Income / (Loss) Continuing Operations	-66	697	-22
Total Pre-Tax Income	-66	697	-22
Total Operating Income	6.90	-27	-20
Total Gross Profit	214	155	227
Total Revenue	249	165	241
Operating Revenue	249	165	241
Total Cost of Revenue	36	11	14
Operating Cost of Revenue	36	11	14
Total Operating Expenses	207	182	247
Selling, General & Admin Expense	44	57	51
Marketing Expense	43	30	42
Depreciation Expense	6.50	3.10	4.60
Amortization Expense	25	22	38
Other Operating Expenses / (Income)	82	70	112
Total Other Income / (Expense), net	-73	724	-2.60
Interest Expense	80	28	1.70
Interest & Investment Income	0.00	0.10	2.40
Other Income / (Expense), net	6.60	752	-3.30
Income Tax Expense	0.00	0.00	0.20
Net Income / (Loss) Attributable to Noncontrolling Interest	-38	-8.50	0.00
Basic Earnings per Share	($3.50)	$14.73	($0.23)
Weighted Average Basic Shares Outstanding	8.20M	47.88M	95.87M
Diluted Earnings per Share	($3.50)	$14.34	($0.23)
Weighted Average Diluted Shares Outstanding	8.20M	48.57M	95.87M
Weighted Average Basic & Diluted Shares Outstanding	174.06M	97.02M	95.21M
Cash Dividends to Common per Share	$0.11	$0.00	$0.00

This table shows National CineMedia's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-8.90	6.10	-46	545	182	24	-35	-8.70	-3.60	25
Consolidated Net Income / (Loss)	-22	10	-54	545	182	24	-35	-8.70	-3.60	25
Net Income / (Loss) Continuing Operations	-22	10	-54	545	191	14	-35	-8.70	-3.60	25
Total Pre-Tax Income	-22	10	-54	545	182	24	-35	-8.70	-3.60	25
Total Operating Income	-4.20	28	-31	-4.90	-12	21	-23	-9.30	-7.50	20
Total Gross Profit	48	75	31	14	22	87	34	51	59	83
Total Revenue	55	92	35	15	25	91	37	55	62	86
Operating Revenue	55	92	35	15	25	91	37	55	62	86
Total Cost of Revenue	6.30	16	3.90	0.50	2.60	3.60	3.60	3.70	3.30	3.10
Operating Cost of Revenue	6.30	16	3.90	0.50	2.60	3.60	3.60	3.70	3.30	3.10
Total Operating Expenses	52	47	62	19	34	67	57	60	67	63
Selling, General & Admin Expense	11	14	21	13	7.30	17	14	13	13	11
Marketing Expense	10	12	9.50	1.10	6.30	13	10	9.60	10	12
Depreciation Expense	1.50	1.50	1.30	0.20	0.60	1.00	1.00	1.10	1.20	1.30
Amortization Expense	6.30	6.30	6.20	0.90	5.70	9.60	9.50	9.50	9.50	9.30
Other Operating Expenses / (Income)	23	14	24	4.50	15	27	23	27	33	30
Total Other Income / (Expense), net	-18	-18	-23	550	194	3.10	-12	0.60	3.90	4.90
Interest Expense	20	22	24	3.10	0.30	0.50	0.40	0.40	0.40	0.50
Interest & Investment Income	0.00	-	0.00	558	0.00	-558	0.00	0.70	0.70	1.00
Other Income / (Expense), net	2.30	4.40	0.60	-4.40	204	552	-12	0.30	3.60	4.40
Income Tax Expense	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	0.20
Basic Earnings per Share	($1.09)	$0.74	($3.13)	$31.33	$2.89	$0.49	($0.36)	($0.09)	($0.04)	$0.26
Weighted Average Basic Shares Outstanding	8.16M	8.20M	14.55M	17.41M	62.77M	47.88M	96.92M	96.41M	95.22M	95.87M
Diluted Earnings per Share	($1.09)	$0.74	($3.13)	$31.33	$2.89	$0.49	($0.36)	($0.09)	($0.04)	$0.26
Weighted Average Diluted Shares Outstanding	8.16M	8.20M	14.55M	17.41M	62.80M	48.57M	96.92M	96.41M	95.22M	95.87M
Basic & Diluted Earnings per Share	-	$0.74	-	-	-	$0.49	-	-	-	$0.26
Weighted Average Basic & Diluted Shares Outstanding	82.00M	174.06M	174.06M	174.07M	96.78M	97.02M	96.57M	95.32M	94.92M	95.21M

This table details how cash moves in and out of National CineMedia's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-95	-26	41
Net Cash From Operating Activities	-47	-6.70	60
Net Cash From Continuing Operating Activities	-47	-6.70	60
Net Income / (Loss) Continuing Operations	-66	697	-22
Consolidated Net Income / (Loss)	-66	697	-22
Depreciation Expense	6.50	3.10	4.60
Amortization Expense	34	26	39
Non-Cash Adjustments To Reconcile Net Income	12	-747	20
Changes in Operating Assets and Liabilities, net	-33	14	19
Net Cash From Investing Activities	-0.40	33	-5.70
Net Cash From Continuing Investing Activities	-0.40	33	-5.70
Purchase of Property, Plant & Equipment	-2.90	-3.30	-5.80
Acquisitions	0.00	-16	0.00
Purchase of Investments	-	0.00	-1.10
Sale of Property, Plant & Equipment	2.20	0.30	0.00
Divestitures	0.00	50	0.00
Sale and/or Maturity of Investments	0.30	1.00	0.00
Other Investing Activities, net	0.00	0.60	1.20
Net Cash From Financing Activities	-47	-52	-14
Net Cash From Continuing Financing Activities	10	-52	-14
Repayment of Debt	9.60	-2.00	0.00
Repurchase of Common Equity	-	0.00	-13
Payment of Dividends	-9.50	-0.50	-0.30
Other Financing Activities, net	2.60	-50	-0.70
Cash Interest Paid	67	13	0.90
Cash Income Taxes Paid	0.10	0.00	0.08

This table details how cash moves in and out of National CineMedia's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	11	-79	11	-59	7.50	15	23	-3.90	-4.40	26
Net Cash From Operating Activities	3.70	-11	10	-5.90	-27	16	24	7.70	-2.00	31
Net Cash From Continuing Operating Activities	2.80	-10	14	-9.80	-27	16	25	6.90	-2.00	31
Net Income / (Loss) Continuing Operations	-22	10	-54	545	182	24	-35	-8.70	-3.60	25
Consolidated Net Income / (Loss)	-22	10	-54	545	182	24	-35	-8.70	-3.60	25
Depreciation Expense	1.60	1.40	1.30	0.20	0.60	1.00	1.00	1.20	1.20	1.20
Amortization Expense	8.50	8.50	8.90	1.30	5.80	9.80	9.70	9.60	9.70	9.60
Non-Cash Adjustments To Reconcile Net Income	2.60	-1.40	4.80	-555	-200	3.60	15	1.50	0.20	3.30
Changes in Operating Assets and Liabilities, net	12	-28	53	-1.20	-15	-23	34	3.30	-9.50	-8.30
Net Cash From Investing Activities	-0.50	1.60	-0.70	-0.10	34	-1.00	-1.30	-1.10	-0.50	-2.80
Net Cash From Continuing Investing Activities	-0.50	1.60	-1.30	0.50	34	-1.00	-1.50	-0.90	-0.50	-2.80
Purchase of Property, Plant & Equipment	-0.50	-0.90	-1.00	-0.10	-0.60	-1.60	-1.50	-1.30	-0.60	-2.40
Purchase of Investments	-	-	-	-	-	-	-	-	-	-1.00
Other Investing Activities, net	-	-	-	-	-	0.60	-	-	0.20	0.60
Net Cash From Financing Activities	-2.80	-58	-2.40	-50	-0.10	-	-0.30	-9.90	-1.90	-2.00
Net Cash From Continuing Financing Activities	9.10	-13	-2.40	-50	-0.10	-	-0.30	-9.90	-1.90	-2.00
Repurchase of Common Equity	-	-	-	-	-	-	-	-	-1.90	-2.00
Cash Interest Paid	14	18	12	-	-	0.30	0.20	0.30	0.20	0.20
Cash Income Taxes Paid	-0.20	0.20	0.00	0.10	-0.20	0.10	0.10	-0.20	-	0.18

This table presents National CineMedia's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	792	568	569
Total Current Assets	164	144	178
Cash & Equivalents	62	35	75
Restricted Cash	2.10	3.00	3.00
Short-Term Investments	0.70	0.00	0.10
Accounts Receivable	92	97	85
Prepaid Expenses	-	4.20	3.80
Other Current Assets	0.00	5.40	11
Plant, Property, & Equipment, net	13	16	16
Total Noncurrent Assets	615	408	374
Long-Term Investments	0.30	0.70	3.80
Intangible Assets	587	394	351
Other Noncurrent Operating Assets	27	13	20
Total Liabilities & Shareholders' Equity	792	568	569
Total Liabilities	1,256	133	157
Total Current Liabilities	1,203	58	74
Short-Term Debt	1,121	0.00	0.00
Accounts Payable	25	22	23
Accrued Expenses	18	1.60	1.60
Current Deferred Revenue	0.00	9.80	24
Current Deferred & Payable Income Tax Liabilities	0.30	0.00	4.10
Current Employee Benefit Liabilities	8.30	18	16
Other Current Liabilities	0.00	7.60	5.60
Total Noncurrent Liabilities	35	75	84
Long-Term Debt	0.00	10	10
Other Noncurrent Operating Liabilities	35	65	74
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-464	435	411
Total Preferred & Common Equity	-515	435	411
Preferred Stock	0.00	0.00	0.00
Total Common Equity	-515	435	411
Common Stock	1.30	2.60	2.50
Retained Earnings	-370	317	281
Other Equity Adjustments	-146	115	128
Noncontrolling Interest	51	0.00	0.00

This table presents National CineMedia's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	775	740	43	539	539	527	526
Total Current Assets	137	122	24	103	117	116	126
Cash & Equivalents	74	69	16	17	57	54	49
Restricted Cash	-	2.10	0.00	5.80	3.00	3.00	3.00
Short-Term Investments	0.30	0.70	1.00	0.00	0.00	0.00	0.10
Accounts Receivable	59	39	0.20	69	49	51	63
Prepaid Expenses	4.70	11	7.10	11	8.70	8.90	3.60
Other Current Assets	0.00	0.00	0.00	0.50	0.00	-	6.70
Plant, Property, & Equipment, net	13	12	0.00	15	16	16	15
Total Noncurrent Assets	626	606	7.70	422	406	395	385
Long-Term Investments	1.80	0.30	7.70	0.90	1.00	1.00	1.30
Intangible Assets	597	581	0.00	409	385	375	364
Other Noncurrent Operating Assets	27	24	0.00	11	20	19	20
Total Liabilities & Shareholders' Equity	775	740	43	539	539	527	526
Total Liabilities	1,229	1,272	63	130	136	139	141
Total Current Liabilities	290	1,205	9.80	52	43	48	51
Short-Term Debt	220	1,121	0.00	0.00	0.00	0.00	0.00
Accounts Payable	18	24	2.40	19	16	16	16
Accrued Expenses	16	27	0.80	1.50	1.70	1.70	1.90
Current Deferred Revenue	9.60	9.20	3.80	9.30	13	13	15
Current Employee Benefit Liabilities	9.60	6.00	1.70	14	5.40	10	12
Other Current Liabilities	16	18	0.00	8.10	6.20	6.80	6.20
Total Noncurrent Liabilities	939	67	53	78	94	92	90
Long-Term Debt	901	0.00	0.00	10	10	10	10
Other Noncurrent Operating Liabilities	38	67	53	68	84	82	80
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-454	-532	-19	409	402	388	386
Total Preferred & Common Equity	-565	-532	-19	409	402	388	386
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-565	-532	-19	409	402	388	386
Common Stock	0.80	1.70	1.70	2.50	2.50	2.50	2.50
Retained Earnings	-377	-416	111	293	282	264	258
Other Equity Adjustments	-189	-118	-132	114	118	122	125
Noncontrolling Interest	111	0.00	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from National CineMedia's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	117.45%	-33.71%	45.76%
EBITDA Growth	399.07%	1,297.77%	-97.29%
EBIT Growth	125.19%	5,266.67%	-103.15%
NOPAT Growth	110.06%	-665.22%	50.00%
Net Income Growth	44.09%	1,152.42%	-103.20%
EPS Growth	44.09%	509.71%	-101.60%
Operating Cash Flow Growth	23.46%	85.84%	1,000.00%
Free Cash Flow Firm Growth	69.25%	1,241.96%	-73.26%
Invested Capital Growth	3.65%	-35.83%	-16.49%
Revenue Q/Q Growth	12.76%	-0.54%	-1.83%
EBITDA Q/Q Growth	-19.07%	254.54%	85.45%
EBIT Q/Q Growth	743.75%	292.68%	29.19%
NOPAT Q/Q Growth	152.67%	-37.88%	-2.63%
Net Income Q/Q Growth	8.44%	1.98%	4.70%
EPS Q/Q Growth	8.44%	30.84%	8.00%
Operating Cash Flow Q/Q Growth	-688.33%	79.64%	20.60%
Free Cash Flow Firm Q/Q Growth	-2,168.83%	13.03%	29.18%
Invested Capital Q/Q Growth	6.82%	2.50%	-0.73%
Profitability Metrics	-	-	-
Gross Margin	85.71%	93.58%	94.31%
EBITDA Margin	21.63%	456.05%	8.47%
Operating Margin	2.77%	-16.53%	-8.10%
EBIT Margin	5.42%	438.56%	-9.47%
Profit (Net Income) Margin	-26.57%	421.73%	-9.26%
Tax Burden Percent	100.00%	100.00%	100.91%
Interest Burden Percent	-490.37%	96.16%	96.93%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.78%	-5.25%	-3.66%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.02%	130.24%	13.59%
Return on Net Nonoperating Assets (RNNOA)	14.85%	-4,718.14%	-1.61%
Return on Equity (ROE)	15.62%	-4,723.39%	-5.27%
Cash Return on Invested Capital (CROIC)	-2.81%	38.39%	14.31%
Operating Return on Assets (OROA)	1.68%	106.54%	-4.01%
Return on Assets (ROA)	-8.22%	102.45%	-3.93%
Return on Common Equity (ROCE)	19.21%	-12,937.28%	-5.27%
Return on Equity Simple (ROE_SIMPLE)	12.85%	160.35%	-5.42%
Net Operating Profit after Tax (NOPAT)	4.83	-27	-14
NOPAT Margin	1.94%	-16.53%	-5.67%
Net Nonoperating Expense Percent (NNEP)	6.79%	-135.49%	-17.25%
Return On Investment Capital (ROIC_SIMPLE)	-	-6.14%	-3.24%
Cost of Revenue to Revenue	14.29%	6.42%	5.69%
SG&A Expenses to Revenue	17.78%	34.69%	21.05%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	82.95%	110.11%	102.41%
Earnings before Interest and Taxes (EBIT)	14	725	-23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	54	753	20
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.96	1.56
Price to Tangible Book Value (P/TBV)	0.00	10.40	10.59
Price to Revenue (P/Rev)	0.08	2.53	2.66
Price to Earnings (P/E)	0.00	0.59	0.00
Dividend Yield	67.28%	0.00%	0.00%
Earnings Yield	0.00%	168.66%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.78	0.96	1.67
Enterprise Value to Revenue (EV/Rev)	4.52	2.36	2.36
Enterprise Value to EBITDA (EV/EBITDA)	20.91	0.52	27.83
Enterprise Value to EBIT (EV/EBIT)	83.49	0.54	0.00
Enterprise Value to NOPAT (EV/NOPAT)	233.35	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	9.42
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1.95	10.64
Leverage & Solvency	-	-	-
Debt to Equity	-2.42	0.02	0.02
Long-Term Debt to Equity	0.00	0.02	0.02
Financial Leverage	-2.47	-36.23	-0.12
Leverage Ratio	-1.90	-46.11	1.34
Compound Leverage Factor	9.31	-44.34	1.30
Debt to Total Capital	170.61%	2.25%	2.37%
Short-Term Debt to Total Capital	170.61%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	2.25%	2.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	7.81%	0.00%	0.00%
Common Equity to Total Capital	-78.42%	97.75%	97.63%
Debt to EBITDA	20.80	0.01	0.49
Net Debt to EBITDA	19.60	-0.04	-3.53
Long-Term Debt to EBITDA	0.00	0.01	0.49
Debt to NOPAT	232.11	-0.37	-0.73
Net Debt to NOPAT	218.70	1.04	5.27
Long-Term Debt to NOPAT	0.00	-0.37	-0.73
Altman Z-Score	-1.85	7.35	3.64
Noncontrolling Interest Sharing Ratio	-22.95%	-173.90%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.14	2.46	2.42
Quick Ratio	0.13	2.25	2.18
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-17	200	53
Operating Cash Flow to CapEx	-6,757.14%	-223.33%	1,039.66%
Free Cash Flow to Firm to Interest Expense	-0.22	7.15	31.38
Operating Cash Flow to Interest Expense	-0.59	-0.24	35.47
Operating Cash Flow Less CapEx to Interest Expense	-0.60	-0.35	32.06
Efficiency Ratios	-	-	-
Asset Turnover	0.31	0.24	0.42
Accounts Receivable Turnover	3.44	1.75	2.65
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	14.53	11.47	14.96
Accounts Payable Turnover	1.34	0.45	0.61
Days Sales Outstanding (DSO)	106.19	208.35	137.86
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	272.21	804.03	595.46
Cash Conversion Cycle (CCC)	-166.02	-595.68	-457.60
Capital & Investment Metrics	-	-	-
Invested Capital	633	406	339
Invested Capital Turnover	0.40	0.32	0.65
Increase / (Decrease) in Invested Capital	22	-227	-67
Enterprise Value (EV)	1,127	390	568
Market Capitalization	19	418	640
Book Value per Share	($62.87)	$4.49	$4.33
Tangible Book Value per Share	($134.44)	$0.42	$0.64
Total Capital	657	445	421
Total Debt	1,121	10	10
Total Long-Term Debt	0.00	10	10
Net Debt	1,056	-28	-72
Capital Expenditures (CapEx)	0.70	3.00	5.80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	18	48	26
Debt-free Net Working Capital (DFNWC)	82	85	104
Net Working Capital (NWC)	-1,039	85	104
Net Nonoperating Expense (NNE)	71	-724	8.65
Net Nonoperating Obligations (NNO)	1,097	-28	-72
Total Depreciation and Amortization (D&A)	40	29	43
Debt-free, Cash-free Net Working Capital to Revenue	7.18%	28.93%	10.88%
Debt-free Net Working Capital to Revenue	33.07%	51.69%	43.36%
Net Working Capital to Revenue	-416.81%	51.69%	43.36%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($3.50)	$14.73	($0.23)
Adjusted Weighted Average Basic Shares Outstanding	8.20M	47.88M	95.87M
Adjusted Diluted Earnings per Share	($3.50)	$14.34	($0.23)
Adjusted Weighted Average Diluted Shares Outstanding	8.20M	48.57M	95.87M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	17.41M	97.02M	95.21M
Normalized Net Operating Profit after Tax (NOPAT)	8.89	-19	-14
Normalized NOPAT Margin	3.57%	-11.57%	-5.67%
Pre Tax Income Margin	-26.57%	421.73%	-9.18%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.17	25.97	-13.41
NOPAT to Interest Expense	0.06	-0.98	-8.03
EBIT Less CapEx to Interest Expense	0.16	25.86	-16.82
NOPAT Less CapEx to Interest Expense	0.05	-1.09	-11.44
Payout Ratios	-	-	-
Dividend Payout Ratio	-14.35%	0.07%	-1.35%
Augmented Payout Ratio	-14.35%	0.07%	-60.09%

This table displays calculated financial ratios and metrics derived from National CineMedia's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	71.92%	44.41%	-2.79%	-77.94%	-54.68%	-0.98%	7.16%	269.59%	152.63%	-4.96%
EBITDA Growth	215.49%	-23.09%	-7.03%	-135.62%	2,312.20%	1,278.72%	-19.19%	123.08%	-96.46%	-93.96%
EBIT Growth	88.76%	58.05%	-4.17%	-178.81%	10,173.68%	1,666.67%	-14.33%	3.23%	-102.04%	-95.74%
NOPAT Growth	77.54%	250.00%	-36.00%	-225.00%	-318.37%	-26.79%	25.82%	-32.86%	57.32%	-3.22%
Net Income Growth	35.22%	152.50%	-17.39%	6,440.70%	937.79%	133.66%	35.74%	-101.60%	-101.98%	4.66%
EPS Growth	35.22%	152.50%	-17.39%	6,440.70%	365.14%	-33.78%	88.50%	-100.29%	-101.38%	-46.94%
Operating Cash Flow Growth	111.97%	-134.53%	144.07%	64.88%	-824.32%	247.17%	131.73%	230.51%	92.54%	95.51%
Free Cash Flow Firm Growth	-23.21%	812.50%	424.54%	-91.63%	3,269.96%	4,238.60%	96.50%	-896.06%	-73.18%	-64.89%
Invested Capital Growth	-1.40%	3.65%	-15.83%	0.00%	-33.13%	-35.83%	-31.88%	713.90%	-13.78%	-16.49%
Revenue Q/Q Growth	-18.78%	68.26%	-61.94%	-57.59%	66.89%	267.61%	-58.81%	46.26%	14.08%	38.30%
EBITDA Q/Q Growth	-62.56%	415.85%	-146.81%	60.61%	2,635.90%	194.84%	-109.87%	107.63%	288.89%	402.86%
EBIT Q/Q Growth	-116.10%	1,805.26%	-192.59%	69.00%	2,158.06%	199.06%	-115.02%	73.76%	56.67%	725.64%
NOPAT Q/Q Growth	-175.00%	1,052.38%	-176.50%	77.12%	-151.02%	266.67%	-177.51%	59.03%	19.35%	477.89%
Net Income Q/Q Growth	-152.33%	146.54%	-634.65%	1,109.81%	-66.66%	-87.02%	-115.24%	74.93%	58.62%	786.11%
EPS Q/Q Growth	-152.33%	146.54%	-634.65%	1,109.81%	-90.78%	-83.05%	-173.47%	75.00%	55.56%	750.00%
Operating Cash Flow Q/Q Growth	122.02%	-386.49%	198.11%	-156.73%	-354.24%	158.21%	19.31%	-68.05%	-125.97%	1,625.00%
Free Cash Flow Firm Q/Q Growth	-99.10%	4.40%	1,229.47%	-33.36%	264.36%	34.40%	-39.79%	-369.97%	112.28%	75.97%
Invested Capital Q/Q Growth	0.00%	6.82%	-18.33%	-110.72%	815.34%	2.50%	-13.29%	-3.44%	0.47%	-0.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	88.44%	82.22%	88.83%	96.62%	89.47%	96.04%	90.37%	93.24%	94.71%	96.41%
EBITDA Margin	15.05%	46.13%	-56.73%	-52.70%	800.81%	642.29%	-63.10%	3.29%	11.22%	40.79%
Operating Margin	-7.71%	30.53%	-87.68%	-33.11%	-49.80%	22.58%	-60.70%	-17.00%	-12.02%	23.18%
EBIT Margin	-3.49%	35.33%	-85.96%	-62.84%	774.90%	630.40%	-91.71%	-16.45%	-6.25%	28.27%
Profit (Net Income) Margin	-39.82%	11.01%	-154.73%	3,684.46%	736.03%	25.99%	-92.78%	-15.90%	-5.77%	28.62%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.20%
Interest Burden Percent	1,142.11%	31.17%	180.00%	-5,863.44%	94.98%	4.12%	101.17%	96.67%	92.31%	102.05%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.80%
Return on Invested Capital (ROIC)	-2.00%	12.24%	-26.93%	0.00%	-16.73%	7.18%	-16.39%	-17.36%	-5.59%	14.85%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.84%	10.52%	-30.04%	0.00%	20.84%	7.76%	-20.16%	-12.14%	-11.40%	5.16%
Return on Net Nonoperating Assets (RNNOA)	9.31%	-25.97%	65.33%	0.00%	-483.88%	-281.06%	155.48%	2.76%	0.81%	-0.61%
Return on Equity (ROE)	7.31%	-13.73%	38.40%	-2,485.49%	-500.61%	-273.88%	139.09%	-14.59%	-4.78%	14.24%
Cash Return on Invested Capital (CROIC)	-0.13%	-2.81%	17.04%	0.00%	35.70%	38.39%	33.46%	-123.29%	11.19%	14.31%
Operating Return on Assets (OROA)	-0.97%	10.94%	-27.89%	-283.64%	195.85%	153.14%	-24.05%	-11.97%	-2.88%	11.98%
Return on Assets (ROA)	-11.03%	3.41%	-50.20%	16,631.00%	186.02%	6.31%	-24.33%	-11.57%	-2.66%	12.13%
Return on Common Equity (ROCE)	9.57%	-16.88%	43.32%	-2,485.49%	-1,749.33%	-750.15%	139.09%	-14.59%	-4.78%	14.24%
Return on Equity Simple (ROE_SIMPLE)	12.80%	0.00%	13.95%	-2,485.49%	166.92%	0.00%	177.98%	41.76%	-6.07%	0.00%
Net Operating Profit after Tax (NOPAT)	-2.94	28	-21	-4.90	-12	21	-16	-6.51	-5.25	20
NOPAT Margin	-5.39%	30.53%	-61.38%	-33.11%	-49.80%	22.58%	-42.49%	-11.90%	-8.41%	22.99%
Net Nonoperating Expense Percent (NNEP)	1.85%	1.71%	3.11%	3,048.20%	-37.57%	-0.58%	3.77%	-5.22%	5.81%	9.69%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	4.61%	-	-	-	4.71%
Cost of Revenue to Revenue	11.56%	17.78%	11.17%	3.38%	10.53%	3.96%	9.63%	6.76%	5.29%	3.59%
SG&A Expenses to Revenue	19.82%	15.38%	59.60%	84.46%	29.55%	18.39%	36.10%	24.50%	20.67%	12.63%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	96.15%	51.69%	176.50%	129.73%	139.27%	73.46%	151.07%	110.24%	106.73%	73.23%
Earnings before Interest and Taxes (EBIT)	-1.90	32	-30	-9.30	191	572	-34	-9.00	-3.90	24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8.20	42	-20	-7.80	198	583	-24	1.80	7.00	35
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.19	0.96	1.24	1.06	1.73	1.56
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	193.65	10.40	28.23	31.82	31.67	10.59
Price to Revenue (P/Rev)	0.26	0.08	0.05	0.28	0.47	2.53	2.98	1.98	2.72	2.66
Price to Earnings (P/E)	0.00	0.00	0.00	0.11	0.11	0.59	0.70	2.53	0.00	0.00
Dividend Yield	23.02%	67.28%	111.58%	50.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	898.19%	887.82%	168.66%	143.29%	39.47%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.05	1.78	2.05	0.00	0.16	0.96	1.27	1.07	1.83	1.67
Enterprise Value to Revenue (EV/Rev)	5.49	4.52	4.27	0.16	0.38	2.36	2.67	1.75	2.55	2.36
Enterprise Value to EBITDA (EV/EBITDA)	18.22	20.91	20.16	1.36	0.30	0.52	2.33	1.80	56.76	27.83
Enterprise Value to EBIT (EV/EBIT)	758.45	83.49	86.22	0.00	0.34	0.54	2.76	2.22	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	233.35	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	38.67	14.39	12.49	9.42
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	11.01	0.71	0.36	1.95	3.09	0.00	15.12	10.64
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-2.47	-2.42	-2.11	0.00	0.02	0.02	0.02	0.03	0.03	0.02
Long-Term Debt to Equity	-1.99	0.00	0.00	0.00	0.02	0.02	0.02	0.03	0.03	0.02
Financial Leverage	-2.42	-2.47	-2.17	1.87	-23.22	-36.23	-7.71	-0.23	-0.07	-0.12
Leverage Ratio	-1.90	-1.90	-1.59	-2.25	-29.54	-46.11	-9.87	1.55	1.34	1.34
Compound Leverage Factor	-21.72	-0.59	-2.86	131.85	-28.06	-1.90	-9.99	1.50	1.24	1.37
Debt to Total Capital	168.00%	170.61%	190.27%	0.00%	2.38%	2.25%	2.43%	2.51%	2.53%	2.37%
Short-Term Debt to Total Capital	32.99%	170.61%	190.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	135.00%	0.00%	0.00%	0.00%	2.38%	2.25%	2.43%	2.51%	2.53%	2.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	16.63%	7.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-84.63%	-78.42%	-90.27%	100.00%	97.62%	97.75%	97.57%	97.49%	97.47%	97.63%
Debt to EBITDA	16.83	20.80	21.31	0.00	0.05	0.01	0.05	0.05	0.91	0.49
Net Debt to EBITDA	15.70	19.60	19.94	0.00	-0.07	-0.04	-0.27	-0.24	-3.98	-3.53
Long-Term Debt to EBITDA	13.53	0.00	0.00	0.00	0.05	0.01	0.05	0.05	0.91	0.49
Debt to NOPAT	-122.27	232.11	-1,334.40	0.00	-0.51	-0.37	-0.52	-0.42	-0.75	-0.73
Net Debt to NOPAT	-114.02	218.70	-1,248.57	0.00	0.70	1.04	2.63	2.01	3.29	5.27
Long-Term Debt to NOPAT	-98.26	0.00	0.00	0.00	-0.51	-0.37	-0.52	-0.42	-0.75	-0.73
Altman Z-Score	-0.61	-1.77	-2.34	8.31	2.71	6.46	3.20	2.96	4.15	3.92
Noncontrolling Interest Sharing Ratio	-30.79%	-22.95%	-12.80%	0.00%	-249.44%	-173.90%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.47	0.14	0.10	2.43	2.00	2.46	2.76	2.45	2.46	2.42
Quick Ratio	0.46	0.13	0.09	1.70	1.67	2.25	2.49	2.20	2.20	2.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5.46	5.70	76	51	184	247	149	-402	49	87
Operating Cash Flow to CapEx	740.00%	0.00%	800.00%	0.00%	-4,466.67%	975.00%	1,606.67%	592.31%	-333.33%	1,270.83%
Free Cash Flow to Firm to Interest Expense	0.28	0.26	3.16	16.29	613.33	494.60	372.28	-1,005.03	123.38	173.68
Operating Cash Flow to Interest Expense	0.19	-0.48	0.43	-1.90	-89.33	31.20	60.25	19.25	-5.00	61.00
Operating Cash Flow Less CapEx to Interest Expense	0.16	-0.42	0.38	-1.74	-91.33	28.00	56.50	16.00	-6.50	56.20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.31	0.32	4.51	0.25	0.24	0.26	0.73	0.46	0.42
Accounts Receivable Turnover	5.06	3.44	4.83	979.50	2.59	1.75	3.82	8.16	3.71	2.65
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	12.81	14.53	19.32	0.00	12.17	11.47	11.94	0.00	16.41	14.96
Accounts Payable Turnover	2.11	1.34	1.70	11.25	1.26	0.45	1.51	3.59	1.96	0.61
Days Sales Outstanding (DSO)	72.09	106.19	75.59	0.37	140.75	208.35	95.55	44.75	98.28	137.86
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	173.17	272.21	214.49	32.44	290.59	804.03	241.33	101.57	186.22	595.46
Cash Conversion Cycle (CCC)	-101.08	-166.02	-138.90	-32.07	-149.84	-595.68	-145.78	-56.82	-87.94	-457.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	593	633	517	-55	396	406	352	340	342	339
Invested Capital Turnover	0.37	0.40	0.44	-7.07	0.34	0.32	0.39	1.46	0.66	0.65
Increase / (Decrease) in Invested Capital	-8.40	22	-97	-55	-196	-227	-165	396	-55	-67
Enterprise Value (EV)	1,214	1,127	1,061	31	64	390	449	363	624	568
Market Capitalization	57	19	12	55	77	418	500	410	668	640
Book Value per Share	($6.90)	($62.87)	($36.55)	($0.11)	$2.35	$4.49	$4.15	$4.02	$4.04	$4.33
Tangible Book Value per Share	($14.19)	($134.44)	($76.47)	($0.11)	$0.00	$0.42	$0.18	$0.13	$0.22	$0.64
Total Capital	667	657	589	-19	419	445	412	398	396	421
Total Debt	1,121	1,121	1,121	0.00	10	10	10	10	10	10
Total Long-Term Debt	901	0.00	0.00	0.00	10	10	10	10	10	10
Net Debt	1,046	1,056	1,049	-24	-14	-28	-51	-48	-44	-72
Capital Expenditures (CapEx)	0.50	-1.30	1.30	-0.50	0.60	1.60	1.50	1.30	0.60	2.40
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-6.50	18	-34	-2.50	29	48	15	12	22	26
Debt-free Net Working Capital (DFNWC)	67	82	38	14	52	85	75	69	75	104
Net Working Capital (NWC)	-153	-1,039	-1,083	14	52	85	75	69	75	104
Net Nonoperating Expense (NNE)	19	18	33	-550	-194	-3.10	19	2.19	-1.65	-4.86
Net Nonoperating Obligations (NNO)	1,046	1,097	1,049	-36	-13	-28	-50	-48	-44	-72
Total Depreciation and Amortization (D&A)	10	9.90	10	1.50	6.40	11	11	11	11	11
Debt-free, Cash-free Net Working Capital to Revenue	-2.94%	7.18%	-13.70%	-1.28%	17.22%	28.93%	8.83%	5.83%	8.97%	10.88%
Debt-free Net Working Capital to Revenue	30.45%	33.07%	15.23%	7.15%	31.07%	51.69%	44.66%	33.19%	30.37%	43.36%
Net Working Capital to Revenue	-69.19%	-416.81%	-436.38%	7.15%	31.07%	51.69%	44.66%	33.19%	30.37%	43.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.10)	$7.40	($3.10)	$31.30	$2.89	$0.49	($0.36)	($0.09)	($0.04)	$0.26
Adjusted Weighted Average Basic Shares Outstanding	8.16M	819.68K	14.55M	17.41M	62.77M	47.88M	96.92M	96.41M	95.22M	95.87M
Adjusted Diluted Earnings per Share	($1.10)	$7.40	($3.10)	$31.30	$2.89	$0.49	($0.36)	($0.09)	($0.04)	$0.26
Adjusted Weighted Average Diluted Shares Outstanding	8.16M	819.68K	14.55M	17.41M	62.80M	48.57M	96.92M	96.41M	95.22M	95.87M
Adjusted Basic & Diluted Earnings per Share	$0.00	$7.40	$0.00	$0.00	$0.00	$0.49	$0.00	$0.00	$0.00	$0.26
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.20M	17.41M	17.41M	17.41M	96.78M	97.02M	96.57M	95.32M	94.92M	95.21M
Normalized Net Operating Profit after Tax (NOPAT)	-2.94	20	-21	-3.43	-8.61	14	-16	-6.51	-5.25	20
Normalized NOPAT Margin	-5.39%	21.37%	-61.38%	-23.18%	-34.86%	15.80%	-42.49%	-11.90%	-8.41%	22.99%
Pre Tax Income Margin	-39.82%	11.01%	-154.73%	3,684.46%	736.03%	25.99%	-92.78%	-15.90%	-5.77%	28.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.10	1.45	-1.25	-3.00	638.00	1,144.80	-85.75	-22.50	-9.75	48.80
NOPAT to Interest Expense	-0.15	1.26	-0.89	-1.58	-41.00	41.00	-39.73	-16.28	-13.13	39.68
EBIT Less CapEx to Interest Expense	-0.12	1.51	-1.30	-2.84	636.00	1,141.60	-89.50	-25.75	-11.25	44.00
NOPAT Less CapEx to Interest Expense	-0.17	1.31	-0.95	-1.42	-43.00	37.80	-43.48	-19.53	-14.63	34.88
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-18.67%	-14.35%	-7.28%	0.60%	0.07%	0.07%	0.06%	0.25%	-1.28%	-1.35%
Augmented Payout Ratio	-18.67%	-14.35%	-7.28%	0.60%	0.07%	0.07%	0.06%	0.25%	-1.28%	-60.09%

Frequently Asked Questions About National CineMedia's Financials

When does National CineMedia's fiscal year end?

According to the most recent income statement we have on file, National CineMedia's financial year ends in December. Their financial year 2024 ended on December 26, 2024.

How has National CineMedia's net income changed over the last 2 years?

National CineMedia's net income appears to be on an upward trend, with a most recent value of -$22.30 million in 2024, falling from -$66.20 million in 2022. The previous period was $696.70 million in 2023.

What is National CineMedia's operating income?

National CineMedia's total operating income in 2024 was -$19.50 million, based on the following breakdown:

Total Gross Profit: $227.10 million
Total Operating Expenses: $246.60 million

How has National CineMedia revenue changed over the last 2 years?

Over the last 2 years, National CineMedia's total revenue changed from $249.20 million in 2022 to $240.80 million in 2024, a change of -3.4%.

How much debt does National CineMedia have?

National CineMedia's total liabilities were at $157.40 million at the end of 2024, a 18.2% increase from 2023, and a 87.5% decrease since 2022.

How much cash does National CineMedia have?

In the past 2 years, National CineMedia's cash and equivalents has ranged from $34.60 million in 2023 to $75.10 million in 2024, and is currently $75.10 million as of their latest financial filing in 2024.

How has National CineMedia's book value per share changed over the last 2 years?

Over the last 2 years, National CineMedia's book value per share changed from -62.87 in 2022 to 4.33 in 2024, a change of -106.9%.

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This page (NASDAQ:NCMI) was last updated on 4/16/2025 by MarketBeat.com Staff

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National CineMedia (NCMI) Financials

Frequently Asked Questions About National CineMedia's Financials

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National CineMedia (NCMI) Financials

Annual Income Statements for National CineMedia

Quarterly Income Statements for National CineMedia

Annual Cash Flow Statements for National CineMedia

Quarterly Cash Flow Statements for National CineMedia

Annual Balance Sheets for National CineMedia

Quarterly Balance Sheets for National CineMedia

Annual Metrics and Ratios for National CineMedia

Quarterly Metrics and Ratios for National CineMedia

Frequently Asked Questions About National CineMedia's Financials

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