National CineMedia (NCMI) Financials

$4.90 -0.04 (-0.81%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$5.02 +0.12 (+2.53%)

As of 05/23/2025 07:48 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	2024	2023	2022
Period end date	12/26/2024	12/28/2023	12/29/2022
Net Income / (Loss) Attributable to Common Shareholders	-22	705	-29
Consolidated Net Income / (Loss)	-22	697	-66
Net Income / (Loss) Continuing Operations	-22	697	-66
Total Pre-Tax Income	-22	697	-66
Total Operating Income	-20	-27	6.90
Total Gross Profit	227	155	214
Total Revenue	241	165	249
Operating Revenue	241	165	249
Total Cost of Revenue	14	11	36
Operating Cost of Revenue	14	11	36
Total Operating Expenses	247	182	207
Selling, General & Admin Expense	51	57	44
Marketing Expense	42	30	43
Depreciation Expense	4.60	3.10	6.50
Amortization Expense	38	22	25
Other Operating Expenses / (Income)	112	70	82
Total Other Income / (Expense), net	-2.60	724	-73
Interest Expense	1.70	28	80
Interest & Investment Income	2.40	0.10	0.00
Other Income / (Expense), net	-3.30	752	6.60
Income Tax Expense	0.20	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-8.50	-38
Basic Earnings per Share	($0.23)	$14.73	($3.50)
Weighted Average Basic Shares Outstanding	95.87M	47.88M	8.20M
Diluted Earnings per Share	($0.23)	$14.34	($3.50)
Weighted Average Diluted Shares Outstanding	95.87M	48.57M	8.20M
Weighted Average Basic & Diluted Shares Outstanding	95.21M	97.02M	174.06M
Cash Dividends to Common per Share	$0.00	$0.00	$0.11

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/26/2024	9/26/2024	6/27/2024	3/28/2024	12/28/2023	9/28/2023	6/29/2023	3/30/2023	12/29/2022	9/29/2022
Net Income / (Loss) Attributable to Common Shareholders	25	-3.60	-8.70	-35	24	182	545	-46	6.10	-8.90
Consolidated Net Income / (Loss)	25	-3.60	-8.70	-35	24	182	545	-54	10	-22
Net Income / (Loss) Continuing Operations	25	-3.60	-8.70	-35	14	191	545	-54	10	-22
Total Pre-Tax Income	25	-3.60	-8.70	-35	24	182	545	-54	10	-22
Total Operating Income	20	-7.50	-9.30	-23	21	-12	-4.90	-31	28	-4.20
Total Gross Profit	83	59	51	34	87	22	14	31	75	48
Total Revenue	86	62	55	37	91	25	15	35	92	55
Operating Revenue	86	62	55	37	91	25	15	35	92	55
Total Cost of Revenue	3.10	3.30	3.70	3.60	3.60	2.60	0.50	3.90	16	6.30
Operating Cost of Revenue	3.10	3.30	3.70	3.60	3.60	2.60	0.50	3.90	16	6.30
Total Operating Expenses	63	67	60	57	67	34	19	62	47	52
Selling, General & Admin Expense	11	13	13	14	17	7.30	13	21	14	11
Marketing Expense	12	10	9.60	10	13	6.30	1.10	9.50	12	10
Depreciation Expense	1.30	1.20	1.10	1.00	1.00	0.60	0.20	1.30	1.50	1.50
Amortization Expense	9.30	9.50	9.50	9.50	9.60	5.70	0.90	6.20	6.30	6.30
Other Operating Expenses / (Income)	30	33	27	23	27	15	4.50	24	14	23
Total Other Income / (Expense), net	4.90	3.90	0.60	-12	3.10	194	550	-23	-18	-18
Interest Expense	0.50	0.40	0.40	0.40	0.50	0.30	3.10	24	22	20
Interest & Investment Income	1.00	0.70	0.70	0.00	-558	0.00	558	0.00	-	0.00
Other Income / (Expense), net	4.40	3.60	0.30	-12	552	204	-4.40	0.60	4.40	2.30
Income Tax Expense	0.20	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Basic Earnings per Share	$0.26	($0.04)	($0.09)	($0.36)	$0.49	$2.89	$31.33	($3.13)	$0.74	($1.09)
Weighted Average Basic Shares Outstanding	95.87M	95.22M	96.41M	96.92M	47.88M	62.77M	17.41M	14.55M	8.20M	8.16M
Diluted Earnings per Share	$0.26	($0.04)	($0.09)	($0.36)	$0.49	$2.89	$31.33	($3.13)	$0.74	($1.09)
Weighted Average Diluted Shares Outstanding	95.87M	95.22M	96.41M	96.92M	48.57M	62.80M	17.41M	14.55M	8.20M	8.16M
Basic & Diluted Earnings per Share	$0.26	-	-	-	$0.49	-	-	-	$0.74	-
Weighted Average Basic & Diluted Shares Outstanding	95.21M	94.92M	95.32M	96.57M	97.02M	96.78M	174.07M	174.06M	174.06M	82.00M

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	2024	2023	2022
Period end date	12/26/2024	12/28/2023	12/29/2022
Net Change in Cash & Equivalents	41	-26	-95
Net Cash From Operating Activities	60	-6.70	-47
Net Cash From Continuing Operating Activities	60	-6.70	-47
Net Income / (Loss) Continuing Operations	-22	697	-66
Consolidated Net Income / (Loss)	-22	697	-66
Depreciation Expense	4.60	3.10	6.50
Amortization Expense	39	26	34
Non-Cash Adjustments To Reconcile Net Income	20	-747	12
Changes in Operating Assets and Liabilities, net	19	14	-33
Net Cash From Investing Activities	-5.70	33	-0.40
Net Cash From Continuing Investing Activities	-5.70	33	-0.40
Purchase of Property, Plant & Equipment	-5.80	-3.30	-2.90
Acquisitions	0.00	-16	0.00
Purchase of Investments	-1.10	0.00	-
Sale of Property, Plant & Equipment	0.00	0.30	2.20
Divestitures	0.00	50	0.00
Sale and/or Maturity of Investments	0.00	1.00	0.30
Other Investing Activities, net	1.20	0.60	0.00
Net Cash From Financing Activities	-14	-52	-47
Net Cash From Continuing Financing Activities	-14	-52	10
Repayment of Debt	0.00	-2.00	9.60
Repurchase of Common Equity	-13	0.00	-
Payment of Dividends	-0.30	-0.50	-9.50
Other Financing Activities, net	-0.70	-50	2.60
Cash Interest Paid	0.90	13	67
Cash Income Taxes Paid	0.08	0.00	0.10

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/26/2024	9/26/2024	6/27/2024	3/28/2024	12/28/2023	9/28/2023	6/29/2023	3/30/2023	12/29/2022	9/29/2022
Net Change in Cash & Equivalents	26	-4.40	-3.90	23	15	7.50	-59	11	-79	11
Net Cash From Operating Activities	31	-2.00	7.70	24	16	-27	-5.90	10	-11	3.70
Net Cash From Continuing Operating Activities	31	-2.00	6.90	25	16	-27	-9.80	14	-10	2.80
Net Income / (Loss) Continuing Operations	25	-3.60	-8.70	-35	24	182	545	-54	10	-22
Consolidated Net Income / (Loss)	25	-3.60	-8.70	-35	24	182	545	-54	10	-22
Depreciation Expense	1.20	1.20	1.20	1.00	1.00	0.60	0.20	1.30	1.40	1.60
Amortization Expense	9.60	9.70	9.60	9.70	9.80	5.80	1.30	8.90	8.50	8.50
Non-Cash Adjustments To Reconcile Net Income	3.30	0.20	1.50	15	3.60	-200	-555	4.80	-1.40	2.60
Changes in Operating Assets and Liabilities, net	-8.30	-9.50	3.30	34	-23	-15	-1.20	53	-28	12
Net Cash From Investing Activities	-2.80	-0.50	-1.10	-1.30	-1.00	34	-0.10	-0.70	1.60	-0.50
Net Cash From Continuing Investing Activities	-2.80	-0.50	-0.90	-1.50	-1.00	34	0.50	-1.30	1.60	-0.50
Purchase of Property, Plant & Equipment	-2.40	-0.60	-1.30	-1.50	-1.60	-0.60	-0.10	-1.00	-0.90	-0.50
Purchase of Investments	-1.00	-	-	-	-	-	-	-	-	-
Other Investing Activities, net	0.60	0.20	-	-	0.60	-	-	-	-	-
Net Cash From Financing Activities	-2.00	-1.90	-9.90	-0.30	-	-0.10	-50	-2.40	-58	-2.80
Net Cash From Continuing Financing Activities	-2.00	-1.90	-9.90	-0.30	-	-0.10	-50	-2.40	-13	9.10
Repurchase of Common Equity	-2.00	-1.90	-	-	-	-	-	-	-	-
Cash Interest Paid	0.20	0.20	0.30	0.20	0.30	-	-	12	18	14
Cash Income Taxes Paid	0.18	-	-0.20	0.10	0.10	-0.20	0.10	0.00	0.20	-0.20

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	2024	2023	2022
Period end date	12/26/2024	12/28/2023	12/29/2022
Total Assets	569	568	792
Total Current Assets	178	144	164
Cash & Equivalents	75	35	62
Restricted Cash	3.00	3.00	2.10
Short-Term Investments	0.10	0.00	0.70
Accounts Receivable	85	97	92
Prepaid Expenses	3.80	4.20	-
Other Current Assets	11	5.40	0.00
Plant, Property, & Equipment, net	16	16	13
Total Noncurrent Assets	374	408	615
Long-Term Investments	3.80	0.70	0.30
Intangible Assets	351	394	587
Other Noncurrent Operating Assets	20	13	27
Total Liabilities & Shareholders' Equity	569	568	792
Total Liabilities	157	133	1,256
Total Current Liabilities	74	58	1,203
Short-Term Debt	0.00	0.00	1,121
Accounts Payable	23	22	25
Accrued Expenses	1.60	1.60	18
Current Deferred Revenue	24	9.80	0.00
Current Deferred & Payable Income Tax Liabilities	4.10	0.00	0.30
Current Employee Benefit Liabilities	16	18	8.30
Other Current Liabilities	5.60	7.60	0.00
Total Noncurrent Liabilities	84	75	35
Long-Term Debt	10	10	0.00
Other Noncurrent Operating Liabilities	74	65	35
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	411	435	-464
Total Preferred & Common Equity	411	435	-515
Preferred Stock	0.00	0.00	0.00
Total Common Equity	411	435	-515
Common Stock	2.50	2.60	1.30
Retained Earnings	281	317	-370
Other Equity Adjustments	128	115	-146
Noncontrolling Interest	0.00	0.00	51

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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/26/2024	6/27/2024	3/28/2024	9/28/2023	6/29/2023	3/30/2023	9/29/2022
Total Assets	526	527	539	539	43	740	775
Total Current Assets	126	116	117	103	24	122	137
Cash & Equivalents	49	54	57	17	16	69	74
Restricted Cash	3.00	3.00	3.00	5.80	0.00	2.10	-
Short-Term Investments	0.10	0.00	0.00	0.00	1.00	0.70	0.30
Accounts Receivable	63	51	49	69	0.20	39	59
Prepaid Expenses	3.60	8.90	8.70	11	7.10	11	4.70
Other Current Assets	6.70	-	0.00	0.50	0.00	0.00	0.00
Plant, Property, & Equipment, net	15	16	16	15	0.00	12	13
Total Noncurrent Assets	385	395	406	422	7.70	606	626
Long-Term Investments	1.30	1.00	1.00	0.90	7.70	0.30	1.80
Intangible Assets	364	375	385	409	0.00	581	597
Other Noncurrent Operating Assets	20	19	20	11	0.00	24	27
Total Liabilities & Shareholders' Equity	526	527	539	539	43	740	775
Total Liabilities	141	139	136	130	63	1,272	1,229
Total Current Liabilities	51	48	43	52	9.80	1,205	290
Short-Term Debt	0.00	0.00	0.00	0.00	0.00	1,121	220
Accounts Payable	16	16	16	19	2.40	24	18
Accrued Expenses	1.90	1.70	1.70	1.50	0.80	27	16
Current Deferred Revenue	15	13	13	9.30	3.80	9.20	9.60
Current Employee Benefit Liabilities	12	10	5.40	14	1.70	6.00	9.60
Other Current Liabilities	6.20	6.80	6.20	8.10	0.00	18	16
Total Noncurrent Liabilities	90	92	94	78	53	67	939
Long-Term Debt	10	10	10	10	0.00	0.00	901
Other Noncurrent Operating Liabilities	80	82	84	68	53	67	38
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	386	388	402	409	-19	-532	-454
Total Preferred & Common Equity	386	388	402	409	-19	-532	-565
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	386	388	402	409	-19	-532	-565
Common Stock	2.50	2.50	2.50	2.50	1.70	1.70	0.80
Retained Earnings	258	264	282	293	111	-416	-377
Other Equity Adjustments	125	122	118	114	-132	-118	-189
Noncontrolling Interest	0.00	0.00	0.00	0.00	0.00	0.00	111

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

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

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/26/2024	9/26/2024	6/27/2024	3/28/2024	12/28/2023	9/28/2023	6/29/2023	3/30/2023	12/29/2022	9/29/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.96%	152.63%	269.59%	7.16%	-0.98%	-54.68%	-77.94%	-2.79%	44.41%	71.92%
EBITDA Growth	-93.96%	-96.46%	123.08%	-19.19%	1,278.72%	2,312.20%	-135.62%	-7.03%	-23.09%	215.49%
EBIT Growth	-95.74%	-102.04%	3.23%	-14.33%	1,666.67%	10,173.68%	-178.81%	-4.17%	58.05%	88.76%
NOPAT Growth	-3.22%	57.32%	-32.86%	25.82%	-26.79%	-318.37%	-225.00%	-36.00%	250.00%	77.54%
Net Income Growth	4.66%	-101.98%	-101.60%	35.74%	133.66%	937.79%	6,440.70%	-17.39%	152.50%	35.22%
EPS Growth	-46.94%	-101.38%	-100.29%	88.50%	-33.78%	365.14%	6,440.70%	-17.39%	152.50%	35.22%
Operating Cash Flow Growth	95.51%	92.54%	230.51%	131.73%	247.17%	-824.32%	64.88%	144.07%	-134.53%	111.97%
Free Cash Flow Firm Growth	-64.89%	-73.18%	-896.06%	96.50%	4,238.60%	3,269.96%	-91.63%	424.54%	812.50%	-23.21%
Invested Capital Growth	-16.49%	-13.78%	713.90%	-31.88%	-35.83%	-33.13%	0.00%	-15.83%	3.65%	-1.40%
Revenue Q/Q Growth	38.30%	14.08%	46.26%	-58.81%	267.61%	66.89%	-57.59%	-61.94%	68.26%	-18.78%
EBITDA Q/Q Growth	402.86%	288.89%	107.63%	-109.87%	194.84%	2,635.90%	60.61%	-146.81%	415.85%	-62.56%
EBIT Q/Q Growth	725.64%	56.67%	73.76%	-115.02%	199.06%	2,158.06%	69.00%	-192.59%	1,805.26%	-116.10%
NOPAT Q/Q Growth	477.89%	19.35%	59.03%	-177.51%	266.67%	-151.02%	77.12%	-176.50%	1,052.38%	-175.00%
Net Income Q/Q Growth	786.11%	58.62%	74.93%	-115.24%	-87.02%	-66.66%	1,109.81%	-634.65%	146.54%	-152.33%
EPS Q/Q Growth	750.00%	55.56%	75.00%	-173.47%	-83.05%	-90.78%	1,109.81%	-634.65%	146.54%	-152.33%
Operating Cash Flow Q/Q Growth	1,625.00%	-125.97%	-68.05%	19.31%	158.21%	-354.24%	-156.73%	198.11%	-386.49%	122.02%
Free Cash Flow Firm Q/Q Growth	75.97%	112.28%	-369.97%	-39.79%	34.40%	264.36%	-33.36%	1,229.47%	4.40%	-99.10%
Invested Capital Q/Q Growth	-0.73%	0.47%	-3.44%	-13.29%	2.50%	815.34%	-110.72%	-18.33%	6.82%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	96.41%	94.71%	93.24%	90.37%	96.04%	89.47%	96.62%	88.83%	82.22%	88.44%
EBITDA Margin	40.79%	11.22%	3.29%	-63.10%	642.29%	800.81%	-52.70%	-56.73%	46.13%	15.05%
Operating Margin	23.18%	-12.02%	-17.00%	-60.70%	22.58%	-49.80%	-33.11%	-87.68%	30.53%	-7.71%
EBIT Margin	28.27%	-6.25%	-16.45%	-91.71%	630.40%	774.90%	-62.84%	-85.96%	35.33%	-3.49%
Profit (Net Income) Margin	28.62%	-5.77%	-15.90%	-92.78%	25.99%	736.03%	3,684.46%	-154.73%	11.01%	-39.82%
Tax Burden Percent	99.20%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	102.05%	92.31%	96.67%	101.17%	4.12%	94.98%	-5,863.44%	180.00%	31.17%	1,142.11%
Effective Tax Rate	0.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	14.85%	-5.59%	-17.36%	-16.39%	7.18%	-16.73%	0.00%	-26.93%	12.24%	-2.00%
ROIC Less NNEP Spread (ROIC-NNEP)	5.16%	-11.40%	-12.14%	-20.16%	7.76%	20.84%	0.00%	-30.04%	10.52%	-3.84%
Return on Net Nonoperating Assets (RNNOA)	-0.61%	0.81%	2.76%	155.48%	-281.06%	-483.88%	0.00%	65.33%	-25.97%	9.31%
Return on Equity (ROE)	14.24%	-4.78%	-14.59%	139.09%	-273.88%	-500.61%	-2,485.49%	38.40%	-13.73%	7.31%
Cash Return on Invested Capital (CROIC)	14.31%	11.19%	-123.29%	33.46%	38.39%	35.70%	0.00%	17.04%	-2.81%	-0.13%
Operating Return on Assets (OROA)	11.98%	-2.88%	-11.97%	-24.05%	153.14%	195.85%	-283.64%	-27.89%	10.94%	-0.97%
Return on Assets (ROA)	12.13%	-2.66%	-11.57%	-24.33%	6.31%	186.02%	16,631.00%	-50.20%	3.41%	-11.03%
Return on Common Equity (ROCE)	14.24%	-4.78%	-14.59%	139.09%	-750.15%	-1,749.33%	-2,485.49%	43.32%	-16.88%	9.57%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-6.07%	41.76%	177.98%	0.00%	166.92%	-2,485.49%	13.95%	0.00%	12.80%
Net Operating Profit after Tax (NOPAT)	20	-5.25	-6.51	-16	21	-12	-4.90	-21	28	-2.94
NOPAT Margin	22.99%	-8.41%	-11.90%	-42.49%	22.58%	-49.80%	-33.11%	-61.38%	30.53%	-5.39%
Net Nonoperating Expense Percent (NNEP)	9.69%	5.81%	-5.22%	3.77%	-0.58%	-37.57%	3,048.20%	3.11%	1.71%	1.85%
Return On Investment Capital (ROIC_SIMPLE)	4.71%	-	-	-	4.61%	-	-	-	-	-
Cost of Revenue to Revenue	3.59%	5.29%	6.76%	9.63%	3.96%	10.53%	3.38%	11.17%	17.78%	11.56%
SG&A Expenses to Revenue	12.63%	20.67%	24.50%	36.10%	18.39%	29.55%	84.46%	59.60%	15.38%	19.82%
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	73.23%	106.73%	110.24%	151.07%	73.46%	139.27%	129.73%	176.50%	51.69%	96.15%
Earnings before Interest and Taxes (EBIT)	24	-3.90	-9.00	-34	572	191	-9.30	-30	32	-1.90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	35	7.00	1.80	-24	583	198	-7.80	-20	42	8.20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.56	1.73	1.06	1.24	0.96	0.19	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	10.59	31.67	31.82	28.23	10.40	193.65	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.66	2.72	1.98	2.98	2.53	0.47	0.28	0.05	0.08	0.26
Price to Earnings (P/E)	0.00	0.00	2.53	0.70	0.59	0.11	0.11	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	50.33%	111.58%	67.28%	23.02%
Earnings Yield	0.00%	0.00%	39.47%	143.29%	168.66%	887.82%	898.19%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.67	1.83	1.07	1.27	0.96	0.16	0.00	2.05	1.78	2.05
Enterprise Value to Revenue (EV/Rev)	2.36	2.55	1.75	2.67	2.36	0.38	0.16	4.27	4.52	5.49
Enterprise Value to EBITDA (EV/EBITDA)	27.83	56.76	1.80	2.33	0.52	0.30	1.36	20.16	20.91	18.22
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	2.22	2.76	0.54	0.34	0.00	86.22	83.49	758.45
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	233.35	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.42	12.49	14.39	38.67	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	10.64	15.12	0.00	3.09	1.95	0.36	0.71	11.01	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.02	0.03	0.03	0.02	0.02	0.02	0.00	-2.11	-2.42	-2.47
Long-Term Debt to Equity	0.02	0.03	0.03	0.02	0.02	0.02	0.00	0.00	0.00	-1.99
Financial Leverage	-0.12	-0.07	-0.23	-7.71	-36.23	-23.22	1.87	-2.17	-2.47	-2.42
Leverage Ratio	1.34	1.34	1.55	-9.87	-46.11	-29.54	-2.25	-1.59	-1.90	-1.90
Compound Leverage Factor	1.37	1.24	1.50	-9.99	-1.90	-28.06	131.85	-2.86	-0.59	-21.72
Debt to Total Capital	2.37%	2.53%	2.51%	2.43%	2.25%	2.38%	0.00%	190.27%	170.61%	168.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	190.27%	170.61%	32.99%
Long-Term Debt to Total Capital	2.37%	2.53%	2.51%	2.43%	2.25%	2.38%	0.00%	0.00%	0.00%	135.00%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.81%	16.63%
Common Equity to Total Capital	97.63%	97.47%	97.49%	97.57%	97.75%	97.62%	100.00%	-90.27%	-78.42%	-84.63%
Debt to EBITDA	0.49	0.91	0.05	0.05	0.01	0.05	0.00	21.31	20.80	16.83
Net Debt to EBITDA	-3.53	-3.98	-0.24	-0.27	-0.04	-0.07	0.00	19.94	19.60	15.70
Long-Term Debt to EBITDA	0.49	0.91	0.05	0.05	0.01	0.05	0.00	0.00	0.00	13.53
Debt to NOPAT	-0.73	-0.75	-0.42	-0.52	-0.37	-0.51	0.00	-1,334.40	232.11	-122.27
Net Debt to NOPAT	5.27	3.29	2.01	2.63	1.04	0.70	0.00	-1,248.57	218.70	-114.02
Long-Term Debt to NOPAT	-0.73	-0.75	-0.42	-0.52	-0.37	-0.51	0.00	0.00	0.00	-98.26
Altman Z-Score	3.92	4.15	2.96	3.20	6.46	2.71	8.31	-2.34	-1.77	-0.61
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	-173.90%	-249.44%	0.00%	-12.80%	-22.95%	-30.79%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.42	2.46	2.45	2.76	2.46	2.00	2.43	0.10	0.14	0.47
Quick Ratio	2.18	2.20	2.20	2.49	2.25	1.67	1.70	0.09	0.13	0.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	87	49	-402	149	247	184	51	76	5.70	5.46
Operating Cash Flow to CapEx	1,270.83%	-333.33%	592.31%	1,606.67%	975.00%	-4,466.67%	0.00%	800.00%	0.00%	740.00%
Free Cash Flow to Firm to Interest Expense	173.68	123.38	-1,005.03	372.28	494.60	613.33	16.29	3.16	0.26	0.28
Operating Cash Flow to Interest Expense	61.00	-5.00	19.25	60.25	31.20	-89.33	-1.90	0.43	-0.48	0.19
Operating Cash Flow Less CapEx to Interest Expense	56.20	-6.50	16.00	56.50	28.00	-91.33	-1.74	0.38	-0.42	0.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.42	0.46	0.73	0.26	0.24	0.25	4.51	0.32	0.31	0.28
Accounts Receivable Turnover	2.65	3.71	8.16	3.82	1.75	2.59	979.50	4.83	3.44	5.06
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	14.96	16.41	0.00	11.94	11.47	12.17	0.00	19.32	14.53	12.81
Accounts Payable Turnover	0.61	1.96	3.59	1.51	0.45	1.26	11.25	1.70	1.34	2.11
Days Sales Outstanding (DSO)	137.86	98.28	44.75	95.55	208.35	140.75	0.37	75.59	106.19	72.09
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)	595.46	186.22	101.57	241.33	804.03	290.59	32.44	214.49	272.21	173.17
Cash Conversion Cycle (CCC)	-457.60	-87.94	-56.82	-145.78	-595.68	-149.84	-32.07	-138.90	-166.02	-101.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	339	342	340	352	406	396	-55	517	633	593
Invested Capital Turnover	0.65	0.66	1.46	0.39	0.32	0.34	-7.07	0.44	0.40	0.37
Increase / (Decrease) in Invested Capital	-67	-55	396	-165	-227	-196	-55	-97	22	-8.40
Enterprise Value (EV)	568	624	363	449	390	64	31	1,061	1,127	1,214
Market Capitalization	640	668	410	500	418	77	55	12	19	57
Book Value per Share	$4.33	$4.04	$4.02	$4.15	$4.49	$2.35	($0.11)	($36.55)	($62.87)	($6.90)
Tangible Book Value per Share	$0.64	$0.22	$0.13	$0.18	$0.42	$0.00	($0.11)	($76.47)	($134.44)	($14.19)
Total Capital	421	396	398	412	445	419	-19	589	657	667
Total Debt	10	10	10	10	10	10	0.00	1,121	1,121	1,121
Total Long-Term Debt	10	10	10	10	10	10	0.00	0.00	0.00	901
Net Debt	-72	-44	-48	-51	-28	-14	-24	1,049	1,056	1,046
Capital Expenditures (CapEx)	2.40	0.60	1.30	1.50	1.60	0.60	-0.50	1.30	-1.30	0.50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	26	22	12	15	48	29	-2.50	-34	18	-6.50
Debt-free Net Working Capital (DFNWC)	104	75	69	75	85	52	14	38	82	67
Net Working Capital (NWC)	104	75	69	75	85	52	14	-1,083	-1,039	-153
Net Nonoperating Expense (NNE)	-4.86	-1.65	2.19	19	-3.10	-194	-550	33	18	19
Net Nonoperating Obligations (NNO)	-72	-44	-48	-50	-28	-13	-36	1,049	1,097	1,046
Total Depreciation and Amortization (D&A)	11	11	11	11	11	6.40	1.50	10	9.90	10
Debt-free, Cash-free Net Working Capital to Revenue	10.88%	8.97%	5.83%	8.83%	28.93%	17.22%	-1.28%	-13.70%	7.18%	-2.94%
Debt-free Net Working Capital to Revenue	43.36%	30.37%	33.19%	44.66%	51.69%	31.07%	7.15%	15.23%	33.07%	30.45%
Net Working Capital to Revenue	43.36%	30.37%	33.19%	44.66%	51.69%	31.07%	7.15%	-436.38%	-416.81%	-69.19%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.26	($0.04)	($0.09)	($0.36)	$0.49	$2.89	$31.30	($3.10)	$7.40	($1.10)
Adjusted Weighted Average Basic Shares Outstanding	95.87M	95.22M	96.41M	96.92M	47.88M	62.77M	17.41M	14.55M	819.68K	8.16M
Adjusted Diluted Earnings per Share	$0.26	($0.04)	($0.09)	($0.36)	$0.49	$2.89	$31.30	($3.10)	$7.40	($1.10)
Adjusted Weighted Average Diluted Shares Outstanding	95.87M	95.22M	96.41M	96.92M	48.57M	62.80M	17.41M	14.55M	819.68K	8.16M
Adjusted Basic & Diluted Earnings per Share	$0.26	$0.00	$0.00	$0.00	$0.49	$0.00	$0.00	$0.00	$7.40	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	95.21M	94.92M	95.32M	96.57M	97.02M	96.78M	17.41M	17.41M	17.41M	8.20M
Normalized Net Operating Profit after Tax (NOPAT)	20	-5.25	-6.51	-16	14	-8.61	-3.43	-21	20	-2.94
Normalized NOPAT Margin	22.99%	-8.41%	-11.90%	-42.49%	15.80%	-34.86%	-23.18%	-61.38%	21.37%	-5.39%
Pre Tax Income Margin	28.85%	-5.77%	-15.90%	-92.78%	25.99%	736.03%	3,684.46%	-154.73%	11.01%	-39.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	48.80	-9.75	-22.50	-85.75	1,144.80	638.00	-3.00	-1.25	1.45	-0.10
NOPAT to Interest Expense	39.68	-13.13	-16.28	-39.73	41.00	-41.00	-1.58	-0.89	1.26	-0.15
EBIT Less CapEx to Interest Expense	44.00	-11.25	-25.75	-89.50	1,141.60	636.00	-2.84	-1.30	1.51	-0.12
NOPAT Less CapEx to Interest Expense	34.88	-14.63	-19.53	-43.48	37.80	-43.00	-1.42	-0.95	1.31	-0.17
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-1.35%	-1.28%	0.25%	0.06%	0.07%	0.07%	0.60%	-7.28%	-14.35%	-18.67%
Augmented Payout Ratio	-60.09%	-1.28%	0.25%	0.06%	0.07%	0.07%	0.60%	-7.28%	-14.35%	-18.67%

Frequently Asked Questions About National CineMedia's Financials

When does National CineMedia's financial year end?

According to the most recent income statement we have on file, National CineMedia's fiscal year ends in December. Their fiscal 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. Check out National CineMedia's forecast to explore projected trends and price targets.

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 5/24/2025 by MarketBeat.com Staff

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National CineMedia (NCMI) Financials

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National CineMedia (NCMI) Financials

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