v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Total revenues $ 821,817 $ 754,235 $ 2,494,296 $ 2,423,259
Cost of operations        
Film rentals and advertising 254,911 230,121 759,693 758,242
Concession supplies 51,573 42,720 157,361 134,577
Salaries and wages 103,270 92,495 308,316 285,997
Facility lease expense 87,436 80,592 262,529 243,873
Utilities and other 123,877 112,832 357,210 337,866
General and administrative expenses 44,702 38,299 127,002 123,714
Depreciation and amortization [1] 67,760 64,971 196,795 193,656
Impairment of long-lived assets 27,304 1,641 45,382 5,020
Loss on disposal of assets and other 2,453 7,826 8,057 28,666
Total cost of operations 763,286 671,497 2,222,345 2,111,611
Operating income 58,531 82,738 271,951 311,648
Other income (expense)        
Interest expense [1],[2] (24,967) (27,144) (75,037) (82,725)
Loss on debt amendments and refinancing       (1,484)
Interest income 3,903 2,761 10,062 7,861
Foreign currency exchange loss (4,406) (3,126) (4,785) (6,947)
Equity in income of affiliates 15,139 14,158 33,982 29,208
Total other expense (12,523) (15,948) (40,790) (56,794)
Income before income taxes 46,008 66,790 231,161 254,854
Income taxes 14,053 16,169 64,152 59,592
Net income 31,955 50,621 167,009 195,262
Less: Net income attributable to noncontrolling interests 602 393 1,957 878
Net income attributable to Cinemark Holdings, Inc. $ 31,353 $ 50,228 $ 165,052 $ 194,384
Weighted average shares outstanding        
Basic 116,356 116,119 116,288 116,032
Diluted 116,600 116,322 116,577 116,288
Earnings per share attributable to Cinemark Holdings, Inc.'s common stockholders        
Basic $ 0.27 $ 0.43 $ 1.41 $ 1.66
Diluted $ 0.27 $ 0.43 $ 1.41 $ 1.66
NCM        
Other income (expense)        
Distributions from NCM $ 2,474 $ 2,386 $ 9,168 $ 12,168
Interest expense - NCM (4,666) (4,983) (14,180) (14,875)
Equity in income of affiliates 9,050 6,830 14,062 11,341
Admissions        
Revenues        
Total revenues 454,429 427,616 1,371,041 1,389,110
Concession        
Revenues        
Total revenues 289,477 264,165 886,083 831,243
Other        
Revenues        
Total revenues $ 77,911 $ 62,454 $ 237,172 $ 202,906
[1] Amounts for the three and nine months ended September 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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