v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net (loss) income $ 312.9 $ 191.5 $ (268.0)
Adjustments to reconcile net (loss) income to cash provided by operating activities:      
Loss on debt amendments and extinguishments (6.9) (10.7) 0.0
Impairment of long-lived and other assets 1.5 16.6 174.1
Share-based awards compensation expense 33.5 25.0 21.5
Non-cash rent expense (12.5) (17.9) (10.8)
Deferred income tax (benefit) expense (110.8) 10.6 (9.3)
Financing activities      
Payments on finance leases (15.3) (14.4) (14.3)
CUSA [Member]      
Operating activities      
Net (loss) income 324.1 208.6 (228.7)
Adjustments to reconcile net (loss) income to cash provided by operating activities:      
Depreciation 195.4 207.3 235.7
Amortization of intangible and other assets 2.1 2.2 2.5
Loss on debt amendments and extinguishments 6.9 10.7 0.0
Amortization of original issue discount and debt issuance costs 5.6 6.7 7.5
Amortization of accumulated losses (gains) for amended swap agreements (14.4) (6.4) 4.5
Impairment of long-lived and other assets 1.5 16.6 174.1
Share-based awards compensation expense 32.2 23.8 20.5
(Gain) loss on disposal of assets and other 1.6 (7.7) (6.8)
Non-cash rent expense (12.5) (17.9) (10.8)
Equity in loss (income) of subsidiaries (11.9) (3.6) 9.3
Deferred income tax (benefit) expense (107.1) 8.5 (25.4)
Distributions from equity investees 9.3 5.7 6.9
Changes in other assets and liabilities:      
Inventories (7.7) 0.3 (8.2)
Accounts receivable (26.7) (12.6) (3.0)
Income tax receivable 3.8 (11.5) 1.5
Prepaid expenses and other (3.8) (2.3) (2.3)
Deferred charges and other assets, net 1.8 0.3 (1.2)
Accounts payable and accrued expenses 88.9 46.1 (24.9)
Income tax payable (1.8) 1.0 3.2
Liabilities for uncertain tax positions 3.5 0.1 2.0
Other long-term liabilities 3.4 1.1 6.3
Net cash provided by operating activities 472.8 454.8 153.4
Investing activities      
Additions to theatre properties and equipment and other (150.8) (149.5) (110.7)
Net proceeds from sale of subsidiary 0.0 14.8 0.0
Proceeds from sale of theater properties and equipment and other 3.3 2.9 14.4
Net cash (used for) provided by investing activities (146.9) (131.8) (96.3)
Financing activities      
Proceeds from amendment of senior secured credit facility 0.0 640.2 0.0
Repayment of term loan upon amendment of senior secured credit facility 0.0 (624.9) 0.0
Proceeds from issuance of 7.00% Senior Notes 500.0 0.0 0.0
Payment of debt issuance costs (10.3) (7.5) 0.0
Payment of fees for debt amendments and extinguishments (1.6) (2.6) 0.0
Other repayments of long-term debt (12.6) (10.6) (28.1)
Restricted stock withholdings for payroll taxes (4.9) (2.9) (4.3)
Payments on finance leases (15.3) (14.4) (14.3)
Other financing activities (3.4) (0.5) (5.5)
Net cash used for financing activities (103.1) (125.4) (52.2)
Effect of exchange rate changes on cash and cash equivalents (7.8) (12.5) (20.3)
(Decrease) increase in cash and cash equivalents 215.0 185.1 (15.4)
Cash and cash equivalents:      
Beginning of year 612.4 427.3 442.7
End of year 827.4 612.4 427.3
CNK [Member]      
Operating activities      
Net (loss) income 312.9 191.5 (268.0)
Adjustments to reconcile net (loss) income to cash provided by operating activities:      
Depreciation 195.4 207.3 235.7
Amortization of intangible and other assets 2.1 2.2 2.5
Loss on debt amendments and extinguishments 6.9 10.7 0.0
Amortization of original issue discount and debt issuance costs 9.0 10.2 10.9
Amortization of accumulated losses (gains) for amended swap agreements (14.4) (6.4) 4.5
Impairment of long-lived and other assets 1.5 16.6 174.1
Share-based awards compensation expense 33.5 25.0 21.5
(Gain) loss on disposal of assets and other 1.6 (7.7) (6.8)
Non-cash rent expense (12.5) (17.9) (10.8)
Equity in loss (income) of subsidiaries (11.9) (3.6) 9.3
Deferred income tax (benefit) expense (110.8) 10.6 (9.3)
Distributions from equity investees 9.3 5.7 6.9
Changes in other assets and liabilities:      
Inventories (7.7) 0.3 (8.2)
Accounts receivable (23.2) (11.5) (1.2)
Income tax receivable 0.0 (12.1) 1.5
Prepaid expenses and other (3.7) (2.3) (2.3)
Deferred charges and other assets, net 1.8 0.3 (1.2)
Accounts payable and accrued expenses 89.3 45.4 (25.1)
Income tax payable 1.4 1.0 3.2
Liabilities for uncertain tax positions 3.5 0.1 2.0
Other long-term liabilities 3.4 1.1 6.1
Net cash provided by operating activities 466.0 444.3 136.0
Investing activities      
Additions to theatre properties and equipment and other (150.8) (149.5) (110.7)
Net proceeds from sale of subsidiary 0.0 14.8 0.0
Proceeds from sale of theater properties and equipment and other 3.3 2.9 14.4
Net cash (used for) provided by investing activities (146.9) (131.8) (96.3)
Financing activities      
Proceeds from amendment of senior secured credit facility   640.2 0.0
Repayment of term loan upon amendment of senior secured credit facility 0.0 (624.9) 0.0
Proceeds from issuance of 7.00% Senior Notes 500.0 0.0 0.0
Payment of debt issuance costs (10.3) (7.5) 0.0
Payment of fees for debt amendments and extinguishments (1.6) (2.6) 0.0
Other repayments of long-term debt (12.6) (10.6) (28.1)
Restricted stock withholdings for payroll taxes (4.9) (2.9) (4.3)
Payments on finance leases (15.3) (14.4) (14.3)
Other financing activities (3.4) (0.5) (5.5)
Net cash used for financing activities (103.1) (125.4) (52.2)
Effect of exchange rate changes on cash and cash equivalents (7.8) (12.5) (20.3)
(Decrease) increase in cash and cash equivalents 208.2 174.6 (32.8)
Cash and cash equivalents:      
Beginning of year 849.1 674.5 707.3
End of year 1,057.3 849.1 674.5
5.875% Secured Notes | CUSA [Member]      
Financing activities      
Redemption of Senior notes (405.0) 0.0 0.0
5.875% Secured Notes | CNK [Member]      
Financing activities      
Redemption of Senior notes (405.0) 0.0 0.0
8.75% Secured Notes | CUSA [Member]      
Financing activities      
Redemption of Senior notes (150.0) (102.2) 0.0
8.75% Secured Notes | CNK [Member]      
Financing activities      
Redemption of Senior notes (150.0) (102.2) 0.0
NCM | CUSA [Member]      
Adjustments to reconcile net (loss) income to cash provided by operating activities:      
Interest accrued on NCM screen advertising advances 22.0 22.6 23.2
Amortization of NCM screen advertising advances and other deferred revenues (32.4) (32.4) (32.5)
Investing activities      
Proceeds from redemption of common units of NCM 0.6 0.0 0.0
NCM | CNK [Member]      
Adjustments to reconcile net (loss) income to cash provided by operating activities:      
Interest accrued on NCM screen advertising advances 22.0 22.6 23.2
Amortization of NCM screen advertising advances and other deferred revenues (32.4) (32.4) (32.5)
Investing activities      
Proceeds from redemption of common units of NCM 0.6 0.0 0.0
NCMI [Member] | CUSA [Member]      
Adjustments to reconcile net (loss) income to cash provided by operating activities:      
Net gains on investment in NCMI (11.0) (12.4) 0.0
NCMI [Member] | CNK [Member]      
Adjustments to reconcile net (loss) income to cash provided by operating activities:      
Net gains on investment in NCMI $ (11.0) $ (12.4) $ 0.0

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