Cinemark Holdings, Inc. operates movies and food concession counters throughout the United States. Its income statement for the quarter ended March 31, 2011, reported the following (listed alphabetically in thousands):
Admissions Revenue..................... $311,692................. Net Income............ ?
Concessions Expenses...................... 23,282............. Other Expenses..... $24,265
Concessions Revenue...................... 146,681............ Other Revenues...... 24,763
Film Rental Expenses...................... 165,153...............Rent Expense...... 66,426
General and Administrative Expenses... 179,047............. Total Expenses............ ?
Required:
1. Solve for the missing amounts and prepare an income statement for the quarter ended
March 31, 2011.
2. What are Cinemark's main source of revenue and two biggest expenses?