v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Unaudited - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Adjustments to reconcile net loss to cash and cash equivalents    
Share-based awards compensation expense $ (8.7) $ (8.2)
Non-cash rent expense (2.9) (2.8)
Financing activities    
Payments on finance leases (4.0) (3.8)
CNK    
Operating activities    
Net loss (5.8) (38.6)
Adjustments to reconcile net loss to cash and cash equivalents    
Depreciation 51.6 49.4
Amortization of intangible and other assets 0.0 0.1
Amortization of original issue discount and debt issuance costs 1.3 2.1
Amortization of accumulated losses for amended swap agreements 0.9 0.9
Share-based awards compensation expense 8.7 8.2
Loss (gain) on disposal of assets and other 3.7 (4.1)
Non-cash rent expense (2.9) (2.8)
Equity in income of affiliates (2.7) (0.9)
Deferred income tax benefit (15.9) (29.4)
Distributions from equity investees 3.9 4.8
Changes in assets and liabilities and other (64.0) (109.5)
Net cash used for operating activities (20.4) (119.1)
Investing activities    
Additions to theater properties and equipment (37.7) (22.1)
Proceeds from sale of theater properties and equipment and other 0.2 6.8
Net cash used for investing activities (37.5) (15.3)
Financing activities    
Dividends paid to stockholders (10.5) (9.9)
Repurchases of common stock under share repurchase program 0.0 (200.0)
Repayments of long-term debt (1.6) (1.6)
Restricted stock withholdings for payroll taxes (20.4) (17.1)
Payments on finance leases (4.0) (3.8)
Other financing activities (0.3) 2.3
Net cash used for financing activities (36.8) (230.1)
Effect of exchange rate changes on cash and cash equivalents 12.1 6.6
Decrease in cash and cash equivalents (82.6) (357.9)
Cash and cash equivalents:    
Beginning of period 344.3 1,057.3
End of period 261.7 699.4
CUSA    
Operating activities    
Net loss (5.1) (34.3)
Adjustments to reconcile net loss to cash and cash equivalents    
Depreciation 51.6 49.4
Amortization of intangible and other assets 0.0 0.1
Loss on debt amendments and extinguishments 3.7 (4.1)
Amortization of original issue discount and debt issuance costs 1.3 1.3
Amortization of accumulated losses for amended swap agreements 0.9 0.9
Share-based awards compensation expense 8.4 7.9
Non-cash rent expense (2.9) (2.8)
Equity in income of affiliates (2.7) (0.9)
Deferred income tax benefit (15.5) (29.3)
Distributions from equity investees 3.9 4.8
Changes in assets and liabilities and other (64.6) (104.8)
Net cash used for operating activities (20.2) (111.1)
Investing activities    
Additions to theater properties and equipment (37.7) (22.1)
Proceeds from sale of theater properties and equipment and other 0.2 6.8
Net cash used for investing activities (37.5) (15.3)
Financing activities    
Distributions to parent (10.5) 0.0
Repayments of long-term debt (1.6) (1.6)
Restricted stock withholdings for payroll taxes (20.4) (17.1)
Payments on finance leases (4.0) (3.8)
Other financing activities (0.6) 2.1
Net cash used for financing activities (37.1) (20.4)
Effect of exchange rate changes on cash and cash equivalents 12.1 6.6
Decrease in cash and cash equivalents (82.7) (140.2)
Cash and cash equivalents:    
Beginning of period 344.1 827.4
End of period 261.4 687.2
NCM | CNK    
Adjustments to reconcile net loss to cash and cash equivalents    
Interest accrued related to significant financing component 5.2 5.4
Amortization of NCM screen advertising advances (8.1) (8.2)
NCM | CUSA    
Adjustments to reconcile net loss to cash and cash equivalents    
Interest accrued related to significant financing component 5.2 5.4
Amortization of NCM screen advertising advances (8.1) (8.2)
NCMI | CNK    
Adjustments to reconcile net loss to cash and cash equivalents    
Net loss (gain) on investment in NCMI 3.7 3.5
NCMI | CUSA    
Adjustments to reconcile net loss to cash and cash equivalents    
Net loss (gain) on investment in NCMI $ 3.7 $ 3.5

Source

PDF HTML
XBRL
ZIP