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Regal Entertainment Group Reports Operating Results (10-K)

February 28, 2011 | About:
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Regal Entertainment Group (RGC) filed Annual Report for the period ended 2010-12-30.

Regal Entertainment Group has a market cap of $2.3 billion; its shares were traded at around $14.9 with a P/E ratio of 31.7 and P/S ratio of 0.82. The dividend yield of Regal Entertainment Group stocks is 4.83%.Hedge Fund Gurus that owns RGC: Joel Greenblatt of Gotham Capital, Paul Tudor Jones of The Tudor Group, Bruce Kovner of Caxton Associates, Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors, George Soros of Soros Fund Management LLC. Mutual Fund and Other Gurus that owns RGC: Pioneer Investments, Mario Gabelli of GAMCO Investors.

Highlight of Business Operations: The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant on July 1, 2010, computed by reference to the price at which the registrant's Class A common stock was last sold on the New York Stock Exchange on such date was $1,711,529,346 (128,686,417 shares at a closing price per share of $13.30).
The Company's fiscal year ends on the first Thursday after December 25, which in certain years (such as fiscal 2008) results in a 53-week fiscal year. For fiscal 2010, we reported total revenues, income from operations and net income attributable to controlling interest of $2,807.9 million, $215.8 million and $77.6 million, respectively. In addition, we generated $259.4 million of cash flows from operating activities during fiscal 2010.
$111.1 million in the aggregate. In addition, on December 30, 2010, Regal paid an extraordinary cash dividend of $1.40 per share on each outstanding share of its Class A and Class B common stock, or approximately $216.0 million. Further, on February 9, 2011, we declared a cash dividend of $0.21 per share on each outstanding share of Class A and Class B common stock. The dividend is payable on March 15, 2011 to our stockholders of record on March 3, 2011. This dividend reflects a $0.03 per share increase from the Company's last quarterly cash dividend of $0.18 per share declared on October 28, 2010. These dividends have been or will be funded through cash flow from operations and available cash on hand. We, at the discretion of our board of directors and subject to applicable law, anticipate paying regular quarterly dividends on our Class A and Class B common stock for the foreseeable future. The amount, if any, of the dividends to be paid in the future will depend upon our then available cash, anticipated cash needs, overall financial condition, loan agreement restrictions, future prospects for earnings and cash flows, as well as other relevant factors. Dividends are considered quarterly and may be paid only when, and in such amounts as, approved by our board of directors.
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