v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net loss $ (268.0) $ (422.2) $ (617.9)
Adjustments to reconcile net loss to cash provided by (used for) operating activities:      
Impairment of long-lived and other assets 174.1 20.8 152.7
Share based awards compensation expense 21.5 29.3 19.4
Non-cash rent expense 10.8 3.4 (2.3)
Deferred income tax expenses (9.3) (22.6) (38.9)
Investing activities      
Additions to theatre properties and equipment and other (110.7) (95.5) (83.9)
Financing activities      
Payments on finance leases (14.3) (14.7) (15.4)
CUSA [Member]      
Operating activities      
Net loss (228.7) (380.1) (607.3)
Adjustments to reconcile net loss to cash provided by (used for) operating activities:      
Depreciation 235.7 262.7 255.0
Amortization of intangible and other assets 2.5 2.7 4.8
Amortization of debt issuance costs 7.5 7.3 6.4
Amortization of accumulated losses for amended swap agreements 4.5 4.5 3.3
Impairment of long-lived and other assets 174.1 20.8 152.7
Share based awards compensation expense 20.5 28.4 18.5
(Gain) loss on disposal of assets and other (6.8) 8.0 (8.9)
Loss on extinguishment of debt 0.0 6.5 0.0
Non-cash rent expense (10.8) (3.4) 2.4
Equity in loss of affiliates 9.3 25.0 38.7
Deferred income tax expenses (25.4) (38.1) (39.4)
Distributions from equity investees 6.9 0.2 25.4
Non-cash distributions from equity investees 0.0 0.0 (12.9)
Changes in other assets and liabilities:      
Inventories (8.2) (2.9) 9.1
Accounts receivable (3.0) (49.3) 51.4
Income tax receivable 1.5 112.3 (154.8)
Prepaid expenses and other (2.3) (1.8) 2.8
Deferred charges and other assets, net (1.2) 0.8 9.9
Accounts payable and accrued expenses (24.9) 175.2 (104.2)
Income tax payable 3.2 (5.9) 2.3
Liabilities for uncertain tax positions 2.0 30.2 4.9
Other long-term liabilities 6.3 (17.9) 13.1
Net cash (used for) provided by operating activities 153.4 176.4 (334.9)
Investing activities      
Additions to theatre properties and equipment and other (110.7) (95.5) (83.9)
Proceeds from sale of assets and other 14.4 6.2 0.6
Investment in joint ventures and other, net 0.0 0.0 (0.1)
Net cash used for investing activities (96.3) (89.3) (83.4)
Financing activities      
Dividends paid to parent 0.0 0.0 (42.0)
Contributions received from parent 0.0 120.0 0.0
Restricted stock withholdings for payroll taxes (4.3) (4.1) (5.4)
Proceeds from issuance of senior notes 0.0 1,170.0 250.0
Proceeds from other borrowings 0.0 13.5 22.3
Redemption of senior notes 0.0 (1,155.0) 0.0
Repayments of long-term debt (28.1) (10.3) (6.7)
Payment of debt issuance costs 0.0 (17.3) (7.9)
Fees paid related to debt refinancing 0.0 (2.0) 0.0
Payments on finance leases (14.3) (14.7) (15.4)
Other (5.5) 0.0 (0.4)
Net cash provided by (used for) financing activities (52.2) 100.1 194.5
Effect of exchange rate changes on cash and cash equivalents (20.3) (5.0) (3.9)
Increase (decrease) in cash and cash equivalents (15.4) 182.2 (227.7)
Cash and cash equivalents:      
Beginning of period 442.7 260.5 488.2
End of period 427.3 442.7 260.5
CNK [Member]      
Operating activities      
Net loss (268.0) (422.2) (617.9)
Adjustments to reconcile net loss to cash provided by (used for) operating activities:      
Depreciation 235.7 262.7 255.0
Amortization of intangible and other assets 2.5 2.7 4.8
Amortization of debt issuance costs 10.9 10.7 7.3
Non-cash interest accretion on convertible notes 0.0 0.0 5.7
Amortization of accumulated losses for amended swap agreements 4.5 4.5 3.3
Impairment of long-lived and other assets 174.1 20.8 152.7
Share based awards compensation expense 21.5 29.3 19.4
(Gain) loss on disposal of assets and other (6.8) 8.0 (8.9)
Loss on extinguishment of debt 0.0 6.5 0.0
Non-cash rent expense (10.8) (3.4) 2.4
Equity in loss of affiliates 9.3 25.0 38.7
Deferred income tax expenses (9.3) (22.6) (38.9)
Distributions from equity investees 6.9 0.2 25.4
Non-cash distributions from equity investees 0.0 0.0 (12.9)
Changes in other assets and liabilities:      
Inventories (8.2) (2.9) 9.1
Accounts receivable (1.2) (43.6) 58.5
Income tax receivable 1.5 118.5 (161.1)
Prepaid expenses and other (2.3) (1.8) 2.8
Deferred charges and other assets, net (1.2) 0.8 9.9
Accounts payable and accrued expenses (25.1) 175.5 (97.2)
Income tax payable 3.2 (6.0) 2.3
Liabilities for uncertain tax positions 2.0 30.2 4.9
Other long-term liabilities 6.1 (17.9) 12.7
Net cash (used for) provided by operating activities 136.0 166.2 (330.1)
Investing activities      
Additions to theatre properties and equipment and other (110.7) (95.5) (83.9)
Proceeds from sale of assets and other 14.4 6.2 0.6
Investment in joint ventures and other, net 0.0 0.0 (0.1)
Net cash used for investing activities (96.3) (89.3) (83.4)
Financing activities      
Dividends paid to parent 0.0 0.0 (42.3)
Restricted stock withholdings for payroll taxes (4.3) (4.1) (5.4)
Proceeds from issuance of convertible notes 0.0 0.0 460.0
Proceeds from issuance of senior notes 0.0 1,170.0 250.0
Proceeds from other borrowings 0.0 13.5 22.3
Redemption of senior notes 0.0 (1,155.0) 0.0
Repayments of long-term debt (28.1) (10.3) (6.7)
Payment of debt issuance costs 0.0 (17.3) (25.0)
Proceeds from warrants issued 0.0 0.0 89.4
Fees paid related to debt refinancing 0.0 2.0 0.0
Payments on finance leases (14.3) (14.7) (15.4)
Other (5.5) 0.0 (0.4)
Net cash provided by (used for) financing activities (52.2) (19.9) 584.4
Effect of exchange rate changes on cash and cash equivalents (20.3) (5.0) (3.9)
Increase (decrease) in cash and cash equivalents (32.8) 52.0 167.0
Cash and cash equivalents:      
Beginning of period 707.3 655.3 488.3
End of period 674.5 707.3 655.3
Convertible Notes | CNK [Member]      
Financing activities      
Purchase of convertible note hedges 0.0 0.0 (142.1)
NCM      
Adjustments to reconcile net loss to cash provided by (used for) operating activities:      
Impairment of long-lived and other assets 113.2    
NCM | CUSA [Member]      
Adjustments to reconcile net loss to cash provided by (used for) operating activities:      
Interest accrued on NCM screen advertising advances 23.2 23.6 23.6
Amortization of NCM screen advertising advances and other deferred revenues (32.5) (32.4) (31.7)
NCM | CNK [Member]      
Adjustments to reconcile net loss to cash provided by (used for) operating activities:      
Interest accrued on NCM screen advertising advances 23.2 23.6 23.6
Amortization of NCM screen advertising advances and other deferred revenues $ (32.5) $ (32.4) $ (31.7)

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