v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Total revenues $ 957,756 $ 889,053 $ 1,672,479 $ 1,669,024
Cost of operations        
Film rentals and advertising 294,705 287,206 504,782 528,121
Concession supplies 62,717 51,033 105,788 91,857
Salaries and wages 108,910 100,344 205,046 193,502
Facility lease expense 89,480 81,190 175,093 163,281
Utilities and other 122,696 115,602 233,333 225,034
General and administrative expenses 44,324 43,031 82,300 85,415
Depreciation and amortization [1] 64,573 64,290 129,035 128,685
Impairment of long-lived assets 12,494 2,788 18,078 3,379
Loss on disposal of assets and other 1,805 16,901 5,604 20,840
Total cost of operations 801,704 762,385 1,459,059 1,440,114
Operating income 156,052 126,668 213,420 228,910
Other income (expense)        
Interest expense [1],[2] (24,929) (28,466) (50,070) (55,581)
Loss on debt amendments and refinancing       (1,484)
Interest income 3,468 2,862 6,159 5,100
Foreign currency exchange loss (401) (5,199) (379) (3,821)
Equity in income of affiliates 8,439 6,414 18,843 15,050
Total other expense (16,009) (25,878) (28,267) (40,846)
Income before income taxes 140,043 100,790 185,153 188,064
Income taxes 38,182 18,326 50,099 43,423
Net income 101,861 82,464 135,054 144,641
Less: Net income attributable to noncontrolling interests 890 329 1,355 485
Net income attributable to Cinemark Holdings, Inc. $ 100,971 $ 82,135 $ 133,699 $ 144,156
Weighted average shares outstanding        
Basic 116,325 116,091 116,253 115,988
Diluted 116,548 116,268 116,524 116,238
Earnings per share attributable to Cinemark Holdings, Inc.'s common stockholders        
Basic $ 0.86 $ 0.70 $ 1.14 $ 1.23
Diluted $ 0.86 $ 0.70 $ 1.14 $ 1.23
NCM        
Other income (expense)        
Distributions from NCM $ 2,146 $ 3,424 $ 6,694 $ 9,782
Interest expense - NCM (4,732) (4,913) (9,514) (9,892)
Equity in income of affiliates 617 495 5,012 4,511
Admissions        
Revenues        
Total revenues 521,072 508,870 916,612 961,494
Concession        
Revenues        
Total revenues 345,282 305,306 596,606 567,078
Other        
Revenues        
Total revenues $ 91,402 $ 74,877 $ 159,261 $ 140,452
[1] Amounts for the three and six months ended June 30, 2019 were impacted by the adoption of ASC Topic 842 and the resulting change in the classification of certain of the Company’s leases
[2] Includes amortization of debt issue costs.

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