Regal Entertainment Group (Regal Entertainment Group) Operating Income : $296 Mil (TTM As of Dec. 2017)

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What is Regal Entertainment Group Operating Income?

Regal Entertainment Group's Operating Income for the three months ended in Dec. 2017 was $99 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2017 was $296 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Regal Entertainment Group's Operating Income for the three months ended in Dec. 2017 was $99 Mil. Regal Entertainment Group's Revenue for the three months ended in Dec. 2017 was $862 Mil. Therefore, Regal Entertainment Group's Operating Margin % for the quarter that ended in Dec. 2017 was 11.48%.

Regal Entertainment Group's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Regal Entertainment Group's annualized ROC % for the quarter that ended in Dec. 2017 was 6.40%. Regal Entertainment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 was 26.28%.

Regal Entertainment Group Operating Income Historical Data

The historical data trend for Regal Entertainment Group's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Regal Entertainment Group Operating Income Chart

Regal Entertainment Group Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Operating Income

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348.20

313.70

339.00

344.20

295.70

Regal Entertainment Group Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
Operating Income	Get a 7-Day Free Trial															89.20	102.20	60.20	34.40	98.90

Regal Entertainment Group Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $296 Mil.

Regal Entertainment Group (NYSE:RGC) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Regal Entertainment Group's annualized ROC % for the quarter that ended in Dec. 2017 is calculated as:

	ROC % (Q: Dec. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2017 )	+	Invested Capital (Q: Dec. 2017 ))	/ count )
=	395.6 * ( 1 - 58.24% )	/	( (2530.1	+	2632.3)	/ 2 )
=	165.20256	/	2581.2
=	6.40 %

where

	Invested Capital		(Q: Sep. 2017 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2672.2	-	201.2	-	( 189.5	-	max(0, 378.1	-	319	+	189.5	))
=	2530.1

	Invested Capital		(Q: Dec. 2017 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2842.9	-	308.7	-	( 228.8	-	max(0, 561.4	-	463.3	+	228.8	))
=	2632.3

Note: The Operating Income data used here is four times the quarterly (Dec. 2017) data.

2. Joel Greenblatt's definition of Return on Capital:

Regal Entertainment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2017		Q: Dec. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	395.6	/	( ( (1497.2 + max(-237.2, 0))	+	(1513.2 + max(-300.3, 0)) )	/	2 )
=	395.6	/	( ( 1497.2	+	1513.2 )	/	2 )
=	395.6	/	1505.2
=	26.28 %

where Working Capital is:

	Working Capital		(Q: Sep. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(57.8	+	23.9	+	32.5)	-	(201.2	+	150.2	+	5.6843418860808E-14)
=	-237.2

	Working Capital		(Q: Dec. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(184	+	22.9	+	27.6)	-	(308.7	+	186.2	+	39.9)
=	-300.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2017) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Regal Entertainment Group's Operating Margin % for the quarter that ended in Dec. 2017 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2017 )	/	Revenue (Q: Dec. 2017 )
	=	98.9	/	861.6
	=	11.48 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Regal Entertainment Group Operating Income Related Terms

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Regal Entertainment Group (Regal Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Regal Entertainment Group (NYSE:RGC) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.regmovies.com

Regal is the largest movie theater circuit in the United States.Â It operates more than 6,300 screens in 39 states, including 44 of the top 50 designated market areas. Regal generated nearly $3 billion of revenue, approximately 70% of which was from ticket sales, 25% from concessions sales, and the remaining 5% from other streams, such as on-screen advertising and in-lobby video games. Most of Regal's theaters are located in midsize cities and suburban areas of larger cities.

Executives

Amy E Miles	director, officer: Chief Executive Officer
David H Keyte	director	1615 WYNKOOP STREET, DENVER CO 80902
Lee M Thomas	director	133 PEACHTREE ST NE, 41ST FL, ATLANTA GA 30303
Alex Yemenidjian	director	C/O GUESS?, INC., 1444 SOUTH ALAMEDA STREET, LOS ANGELES CA 90021
Bell Thomas D Jr	director
Charles E Brymer	director	437 MADISON AVENUE, NEW YORK NY 10022
Philip F Anschutz	10 percent owner	2400 ANACONDA TOWER 555 SEVENTEENTH ST, C/O ANSCHUTZ CO STE 2400, DENVER CO 80202
Michael L Campbell	director	7132 REGAL LANE, KNOXVILLE TN 37918
Peter B Brandow	officer: EVP, General Counsel, Sec.	C/O REGAL ENTERTAINMENT GROUP, 7132 REGAL LANDE, KNOXVILLE TN 37918
Stephen A Kaplan	director	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Anschutz Co	10 percent owner	555 SEVENTEENTH STREET, SUITE 2400, DENVER CO 80202
Oaktree Capital Management Lp	10 percent owner	333 S GRAND AVE 28TH FL, LOS ANGELES CA 90071
Ocm Principal Opportunities Fund Ii Lp	10 percent owner
Kurt C Hall	other: Former Co-Chairman and Co-CEO	C/O REGAL ENTERTAINMENT GROUP, 7132 REGAL LANDE, KNOXVILLE TN 37918
Michael J Dolan	director	C/O MATTEL INC, 333 CONTINENTAL BLVD M-1518, EL SEGUNDO CA 90245