v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Total revenue $ 874.8 $ 650.4 $ 2,427.8 $ 1,855.0
Cost of operations        
Depreciation and amortization 51.9 58.3 159.6 181.0
Impairment of long-lived and other assets 2.0 15.2 12.1 107.5
Restructuring costs 0.0 0.0 0.0 (0.2)
Other income (expense)        
Interest expense [1] (38.1) (38.4) (112.0) (114.6)
Income tax expense (benefit) 21.4 3.4 29.8 6.3
Net income (loss) 91.2 (23.9) 209.1 (169.2)
Net income (loss) attributable to Cinemark Holdings, Inc. $ (90.2) $ 24.5 $ (206.2) $ 171.9
Weighted average shares outstanding        
Basic 119.2 118.4 119.0 118.1
Diluted 152.0 118.4 151.8 118.1
Income (loss) per share attributable to Cinemark Holdings, Inc.'s common stockholders        
Basic $ 0.74 $ (0.2) $ 1.7 $ (1.43)
Diluted $ 0.61 $ (0.2) $ 1.43 $ (1.43)
NCM        
Other income (expense)        
Interest expense - NCM (see Note 8)     $ (17.0) $ (17.5)
CNK        
Revenue        
Total revenue $ 874.8 $ 650.4 2,427.8 1,855.0
Cost of operations        
Film rentals and advertising 248.2 180.9 692.9 531.1
Concession supplies 63.0 46.3 174.0 128.8
Salaries and wages 107.9 97.0 306.2 277.0
Facility lease expense 84.4 77.2 250.9 231.2
Utilities and other 129.5 110.4 353.5 303.8
General and administrative expense 48.2 45.1 144.7 134.0
Depreciation and amortization 51.9 58.3 159.6 181.0
Impairment of long-lived and other assets 2.0 15.2 12.1 107.5
Restructuring costs 0.0 0.0 0.0 (0.2)
Gain on disposal of assets and other (6.1) 1.2 (8.8) (6.4)
Total cost of operations 729.0 631.6 2,085.1 1,887.8
Operating income (loss) 145.8 18.8 342.7 (32.8)
Other income (expense)        
Interest expense (38.1) (38.4) (112.0) (114.6)
Interest income 15.3 6.4 40.2 11.1
Loss on debt extinguishment and refinancing 0.0 0.0 (10.7) 0.0
Foreign currency exchange and other related loss (11.0) (5.4) (19.4) 5.3
Equity in income (loss) of affiliates 1.5 0.2 1.2 (7.5)
Unrealized gain on investment in NCMI 4.7 0.0 13.9 0.0
Total other expense (33.2) (39.3) (103.8) (130.1)
Income (loss) before income taxes 112.6 (20.5) 238.9 (162.9)
Income tax expense (benefit) 21.4 3.4 29.8 6.3
Net income (loss) 91.2 (23.9) 209.1 (169.2)
Less: Net income (loss) attributable to noncontrolling interests 1.0 0.6 2.9 2.7
Net income (loss) attributable to Cinemark Holdings, Inc. $ 90.2 $ (24.5) $ 206.2 $ (171.9)
Weighted average shares outstanding        
Basic 119.2 118.4 119.0 118.1
Diluted 152.0 118.4 151.8 118.1
Income (loss) per share attributable to Cinemark Holdings, Inc.'s common stockholders        
Basic $ 0.74 $ (0.2) $ 1.7 $ (1.43)
Diluted $ 0.61 $ (0.2) $ 1.43 $ (1.43)
CNK | NCM        
Other income (expense)        
Interest expense - NCM (see Note 8) $ (5.6) $ (5.8) $ (17.0) $ (17.5)
CNK | DCIP        
Other income (expense)        
Distributions from DCIP 0.0 3.7 0.0 3.7
CNK | Admissions        
Revenue        
Total revenue 443.8 324.6 1,233.2 942.3
CNK | Concession        
Revenue        
Total revenue 339.8 253.6 949.0 712.6
CNK | Other        
Revenue        
Total revenue 91.2 72.2 245.6 200.1
CUSA        
Revenue        
Total revenue 874.8 650.4 2,427.8 1,855.0
Cost of operations        
Film rentals and advertising 248.2 180.9 692.9 531.1
Concession supplies 63.0 46.3 174.0 128.8
Salaries and wages 107.9 97.0 306.2 277.0
Facility lease expense 84.4 77.2 250.9 231.2
Utilities and other 129.5 110.4 353.5 303.8
General and administrative expense 47.5 44.4 142.2 131.8
Depreciation and amortization 51.9 58.3 159.6 181.0
Impairment of long-lived and other assets 2.0 15.2 12.1 107.5
Restructuring costs 0.0 (0.0) (0.0) (0.2)
Gain on disposal of assets and other (6.1) 1.2 (8.8) (6.4)
Total cost of operations 728.3 630.9 2,082.6 1,885.6
Operating income (loss) 146.5 19.5 345.2 (30.6)
Other income (expense)        
Interest expense (32.1) (32.4) (93.9) (96.5)
Interest income 12.2 5.2 31.5 9.5
Loss on debt extinguishment and refinancing (0.0) 0.0 (10.7) 0.0
Foreign currency exchange and other related loss (11.0) (5.4) (19.4) 5.3
Distributions from DCIP 0.0 3.7 0.0 3.7
Equity in income (loss) of affiliates 1.5 (0.2) 1.2 (7.5)
Unrealized gain on investment in NCMI 4.7 0.0 13.9 0.0
Total other expense   (34.5) (94.4) (113.6)
Income (loss) before income taxes 116.2 (15.0) 250.8 (144.2)
Income tax expense (benefit) 17.4 0.4 24.2 3.3
Net income (loss) 98.8 (14.6) 226.6 (140.9)
Less: Net income (loss) attributable to noncontrolling interests 1.0 0.6 2.9 2.7
Net income (loss) attributable to Cinemark Holdings, Inc. 97.8 (15.2) 223.7 (143.6)
CUSA | NCM        
Other income (expense)        
Interest expense - NCM (see Note 8) (5.6) (5.8) (17.0) (17.5)
CUSA | Admissions        
Revenue        
Total revenue 443.8 324.6 1,233.2 942.3
CUSA | Concession        
Revenue        
Total revenue 339.8 253.6 949.0 712.6
CUSA | Other        
Revenue        
Total revenue $ 91.2 $ 72.2 $ 245.6 $ 200.1
[1] Includes amortization of debt issuance costs, amortization of original issue discount, and amortization of accumulated (gains) losses for amended swap agreements.

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