v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Total revenue $ 921.8 $ 874.8 $ 2,235.2 $ 2,427.8
Cost of operations        
Depreciation and amortization 49.1 51.9 148.3 159.6
Impairment of long-lived and other assets 0.0 2.0 0.0 12.1
Other income (expense)        
Interest expense [1] (36.7) (38.1) (109.0) (112.0)
Loss on debt amendments and extinguishments (3.0) (0.0) (5.5) (10.7)
Net income attributable to Cinemark Holdings, Inc. $ 187.8 $ 90.2 $ 258.4 $ 206.2
Weighted average shares outstanding        
Basic 120.0 119.2 119.8 119.0
Diluted 158.2 152.0 153.7 151.8
Income per share attributable to Cinemark Holdings, Inc.'s common stockholders        
Basic $ 1.54 $ 0.74 $ 2.11 $ 1.7
Diluted $ 1.19 $ 0.61 $ 1.73 $ 1.43
NCM        
Other income (expense)        
Interest expense - NCM     $ (16.5) $ (17.0)
CNK        
Revenue        
Total revenue $ 921.8 $ 874.8 2,235.2 2,427.8
Cost of operations        
Film rentals and advertising 265.6 248.2 623.9 692.9
Concession supplies 64.5 63.0 165.1 174.0
Salaries and wages 109.9 107.9 294.1 306.2
Facility lease expense 85.9 84.4 244.7 250.9
Utilities and other 127.0 129.5 332.1 353.5
General and administrative expense 56.4 48.2 161.0 144.7
Depreciation and amortization 49.1 51.9 148.3 159.6
Impairment of long-lived and other assets 0.0 2.0 0.0 12.1
(Gain) loss on disposal of assets and other (0.1) (6.1) 2.0 (8.8)
Total cost of operations 758.3 729.0 1,971.2 2,085.1
Operating income 163.5 145.8 264.0 342.7
Other income (expense)        
Interest expense (36.7) (38.1) (109.0) (112.0)
Interest income 14.2 15.3 40.3 40.2
Loss on debt amendments and extinguishments (3.0) 0.0 (5.5) (10.7)
Foreign currency exchange and other related loss (3.0) (11.0) (7.9) (19.4)
Equity in income of affiliates 5.0 1.5 11.3 1.2
Net gain on investment in NCMI 11.6 4.7 12.8 13.9
Total other expense (17.3) (33.2) (74.5) (103.8)
Income before income taxes 146.2 112.6 189.5 238.9
Income tax (benefit) expense (42.7) 21.4 (71.3) 29.8
Net income 188.9 91.2 260.8 209.1
Less: Net income attributable to noncontrolling interests 1.1 1.0 2.4 2.9
Net income attributable to Cinemark Holdings, Inc. $ 187.8 $ 90.2 $ 258.4 $ 206.2
Weighted average shares outstanding        
Basic 120.0 119.2 119.8 119.0
Diluted 158.2 152.0 153.7 151.8
Income per share attributable to Cinemark Holdings, Inc.'s common stockholders        
Basic $ 1.54 $ 0.74 $ 2.11 $ 1.7
Diluted $ 1.19 $ 0.61 $ 1.73 $ 1.43
CNK | NCM        
Other income (expense)        
Interest expense - NCM $ (5.4) $ (5.6) $ (16.5) $ (17.0)
CNK | Admissions        
Revenue        
Total revenue 460.4 443.8 1,116.0 1,233.2
CNK | Concession        
Revenue        
Total revenue 367.3 339.8 884.4 949.0
CNK | Other        
Revenue        
Total revenue 94.1 91.2 234.8 245.6
CUSA        
Revenue        
Total revenue 921.8 874.8 2,235.2 2,427.8
Cost of operations        
Film rentals and advertising 265.6 248.2 623.9 692.9
Concession supplies 64.5 63.0 165.1 174.0
Salaries and wages 109.9 107.9 294.1 306.2
Facility lease expense 85.9 84.4 244.7 250.9
Utilities and other 127.0 129.5 332.1 353.5
General and administrative expense 55.5 47.5 158.2 142.2
Depreciation and amortization 49.1 51.9 148.3 159.6
Impairment of long-lived and other assets 0.0 2.0 0.0 12.1
(Gain) loss on disposal of assets and other (0.1) (6.1) 2.0 (8.8)
Total cost of operations 757.4 728.3 1,968.4 2,082.6
Operating income 164.4 146.5 266.8 345.2
Other income (expense)        
Interest expense (30.6) (32.1) (90.8) (93.9)
Interest income 11.1 12.2 30.8 31.5
Loss on debt amendments and extinguishments (3.0) 0.0 (5.5) (10.7)
Foreign currency exchange and other related loss (3.0) (11.0) (7.9) (19.4)
Equity in income of affiliates 5.0 1.5 11.3 1.2
Net gain on investment in NCMI 11.6 4.7 12.8 13.9
Total other expense (14.3) (30.3) (65.8) (94.4)
Income before income taxes 150.1 116.2 201.0 250.8
Income tax (benefit) expense (39.7) 17.4 (67.6) 24.2
Net income 189.8 98.8 268.6 226.6
Less: Net income attributable to noncontrolling interests 1.1 1.0 2.4 2.9
Net income attributable to Cinemark Holdings, Inc. 188.7 97.8 266.2 223.7
CUSA | NCM        
Other income (expense)        
Interest expense - NCM (5.4) (5.6) (16.5) (17.0)
CUSA | Admissions        
Revenue        
Total revenue 460.4 443.8 1,116.0 1,233.2
CUSA | Concession        
Revenue        
Total revenue 367.3 339.8 884.4 949.0
CUSA | Other        
Revenue        
Total revenue $ 94.1 $ 91.2 $ 234.8 $ 245.6
[1] Includes amortization of debt issuance costs, amortization of original issue discount, and amortization of accumulated gains for amended swap agreements.

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