1412 ET - Cinemark ended 2024 with $1.1 billion in cash, an elevated amount as it prepares to repay the principal amount on convertible notes that mature in August, CFO Melissa Thomas says on a call with analysts. The cash balance included $315 million in free cash flow generated during the year, with $136 million of that coming in 4Q, the CFO says. She calls the notes repayment of Cinemark's primary capital concern in the near-term, with a plan after that to return more of its free cash flow to shareholders through dividends and buybacks. Cinemark sinks 13% after 4Q profit missed Wall Street targets.(dean.seal@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 14:12 ET (19:12 GMT)
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