v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Unaudited - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Adjustments to reconcile net income to cash flow provided by operating activities    
Loss on debt amendments and extinguishments $ (2.8) $ (1.5)
Impairment of long-lived and other assets 0.0 1.6
Share-based awards compensation expense [1] (17.6) (15.8)
Non-cash rent expense (5.6) (5.6)
Financing activities    
Payments on finance leases (8.1) (7.6)
CNK    
Operating activities    
Net loss 135.0 56.1
Adjustments to reconcile net income to cash flow provided by operating activities    
Depreciation 103.2 98.7
Amortization of intangible and other assets 0.0 0.2
Loss on debt amendments and extinguishments 2.8 1.5
Amortization of original issue discount and debt issuance costs 2.5 4.3
Amortization of accumulated losses for amended swap agreements 1.8 1.8
Impairment of long-lived and other assets 0.0 1.6
Share-based awards compensation expense 17.6 15.8
Loss (gain) on disposal of assets and other 6.5 (3.1)
Non-cash rent expense (5.6) (5.6)
Equity in income of affiliates (3.2) (3.5)
Deferred income tax expense (benefit) 33.9 (1.7)
Distributions from equity investees 4.3 6.7
Changes in assets and liabilities and other 46.3 (18.2)
Net cash used for operating activities 339.7 156.8
Investing activities    
Additions to theater properties and equipment (99.3) (52.2)
Proceeds from sale of theater properties and equipment and other 0.2 7.0
Net cash used for investing activities (99.1) (45.2)
Financing activities    
Payment of debt issuance costs (0.6) (0.8)
Payment of fees for debt amendments and extinguishments (0.3) (0.2)
Repayments of long-term debt (3.2) (3.2)
Restricted stock withholdings for payroll taxes (20.5) (17.4)
Payments on finance leases (8.1) (7.6)
Other financing activities (1.7) 2.0
Dividends paid to stockholders (21.0) (19.1)
Repurchases of common stock under share repurchase program (25.3) (200.0)
Net cash used for financing activities (80.7) (246.3)
Effect of exchange rate changes on cash and cash equivalents 0.1 9.0
Decrease in cash and cash equivalents 160.0 (125.7)
Cash and cash equivalents:    
Beginning of period 344.3 1,057.3
End of period 504.3 931.6
CUSA    
Operating activities    
Net loss 136.6 66.1
Adjustments to reconcile net income to cash flow provided by operating activities    
Depreciation 103.2 98.7
Amortization of intangible and other assets 0.0 0.2
Loss on debt amendments and extinguishments 2.8 1.5
Amortization of original issue discount and debt issuance costs 2.5 2.6
Amortization of accumulated losses for amended swap agreements 1.8 1.8
Impairment of long-lived and other assets 0.0 1.6
Share-based awards compensation expense 16.9 15.1
Loss (gain) on disposal of assets and other 6.5 (3.1)
Non-cash rent expense (5.6) (5.6)
Equity in income of affiliates (3.2) (3.5)
Deferred income tax expense (benefit) 34.4 (1.0)
Distributions from equity investees 4.3 6.7
Changes in assets and liabilities and other 45.2 (18.9)
Net cash used for operating activities 340.0 164.4
Investing activities    
Additions to theater properties and equipment (99.3) (52.2)
Proceeds from sale of theater properties and equipment and other 0.2 7.0
Net cash used for investing activities (99.1) (45.2)
Financing activities    
Distributions to parent (see Note 16) (47.5) 0.0
Payment of debt issuance costs (0.6) (0.8)
Payment of fees for debt amendments and extinguishments (0.3) (0.2)
Repayments of long-term debt (3.2) (3.2)
Restricted stock withholdings for payroll taxes (20.5) (17.4)
Payments on finance leases (8.1) (7.6)
Other financing activities (2.2) 1.6
Net cash used for financing activities (82.4) (27.6)
Effect of exchange rate changes on cash and cash equivalents 0.1 9.0
Decrease in cash and cash equivalents 158.6 100.6
Cash and cash equivalents:    
Beginning of period 344.1 827.4
End of period 502.7 928.0
NCM | CNK    
Adjustments to reconcile net income to cash flow provided by operating activities    
Interest accrued related to significant financing component 10.4 10.7
Amortization of NCM screen advertising advances (16.2) (16.3)
NCM | CUSA    
Adjustments to reconcile net income to cash flow provided by operating activities    
Interest accrued related to significant financing component 10.4 10.7
Amortization of NCM screen advertising advances (16.2) (16.3)
NCMI | CNK    
Adjustments to reconcile net income to cash flow provided by operating activities    
Net loss (gain) on investment in NCMI 0.4 7.8
NCMI | CUSA    
Adjustments to reconcile net income to cash flow provided by operating activities    
Net loss (gain) on investment in NCMI $ 0.4 $ 7.8
[1] Non-cash expense included in general and administrative expenses.

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