Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.20.2
Equity (Tables)
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Summary of Changes in Stockholders' Equity

Below is a summary of changes in stockholders’ equity attributable to Cinemark Holdings, Inc., noncontrolling interests and total equity for the three and six months ended June 30, 2020 and 2019:

 

 

Common  Stock

 

Treasury Stock

 

Additional Paid-In-Capital

 

Retained Earnings

 

Accumulated Other Comprehensive Loss

 

Total Cinemark Holdings, Inc. Stockholders’ Equity

 

Noncontrolling Interests

 

Total Equity

 

Balance at January 1, 2020

 

$

122

 

$

(81,567

)

$

1,170,039

 

$

687,332

 

$

(340,112

)

$

1,435,814

 

$

12,508

 

$

1,448,322

 

Issuance of share based awards and share based awards compensation expense

 

 

 

 

 

 

4,111

 

 

 

 

 

 

4,111

 

 

 

 

4,111

 

Stock withholdings related to share based awards that vested during the three months ended March 31, 2020

 

 

 

 

(2,691

)

 

 

 

 

 

 

 

(2,691

)

 

 

 

(2,691

)

Dividends paid to stockholders, $0.36 per common share (1)

 

 

 

 

 

 

 

 

(42,311

)

 

 

 

(42,311

)

 

 

 

(42,311

)

Dividends paid to noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(392

)

 

(392

)

Dividends accrued on unvested restricted stock unit awards (1)

 

 

 

 

 

 

 

 

(256

)

 

 

 

(256

)

 

 

 

(256

)

Net income (loss)

 

 

 

 

 

 

 

 

(59,591

)

 

 

 

(59,591

)

 

169

 

 

(59,422

)

Unrealized loss due to fair value adjustments on interest rate swap agreements, net of taxes, net of settlements

 

 

 

 

 

 

 

 

 

 

(24,171

)

 

(24,171

)

 

 

 

(24,171

)

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

 

(57,625

)

 

(57,625

)

 

 

 

(57,625

)

Balance at March 31, 2020

 

 

122

 

 

(84,258

)

 

1,174,150

 

 

585,174

 

 

(421,908

)

 

1,253,280

 

 

12,285

 

 

1,265,565

 

Issuance of share based awards and share based awards compensation expense

 

 

 

 

 

 

4,321

 

 

 

 

 

 

4,321

 

 

 

 

4,321

 

Stock withholdings related to share based awards that vested during the three months ended June 30, 2020

 

 

 

 

(107

)

 

 

 

 

 

 

 

(107

)

 

 

 

(107

)

Net loss

 

 

 

 

 

 

 

 

(170,389

)

 

 

 

(170,389

)

 

(427

)

 

(170,816

)

Unrealized gain due to fair value adjustments on interest rate swap agreements, net of taxes, net of settlements

 

 

 

 

 

 

 

 

 

 

849

 

 

849

 

 

 

 

849

 

Amortization of accumulated losses for amended swap agreements

 

 

 

 

 

 

 

 

 

 

2,669

 

 

2,669

 

 

 

 

2,669

 

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

 

(3,702

)

 

(3,702

)

 

 

 

(3,702

)

Balance at June 30, 2020

 

$

122

 

$

(84,365

)

$

1,178,471

 

$

414,785

 

$

(422,092

)

$

1,086,921

 

$

11,859

 

$

1,098,780

 

 

 

 

Common  Stock

 

Treasury Stock

 

Additional Paid-In-Capital

 

Retained Earnings

 

Accumulated Other Comprehensive Loss

 

Total Cinemark Holdings, Inc. Stockholders’ Equity

 

Noncontrolling Interests

 

Total Equity

 

Balance at January 1, 2019

 

$

121

 

$

(79,259

)

$

1,155,424

 

$

686,459

 

$

(319,007

)

$

1,443,738

 

$

12,379

 

$

1,456,117

 

Cumulative effect of change in accounting principle, net of taxes of $6,054

 

 

 

 

 

 

 

 

16,985

 

 

 

 

16,985

 

 

 

 

16,985

 

Issuance of share based awards and share based awards compensation expense

 

 

 

 

 

 

2,970

 

 

 

 

 

 

 

2,970

 

 

 

 

2,970

 

Stock withholdings related to share based awards that vested during the three months ended March 31, 2019

 

 

 

 

(1,947

)

 

 

 

 

 

 

 

(1,947

)

 

 

 

(1,947

)

Dividends paid to stockholders, $0.34 per common share (1)

 

 

 

 

 

 

 

 

(39,797

)

 

 

 

(39,797

)

 

 

 

(39,797

)

Dividends paid to noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,000

)

 

(1,000

)

Dividends accrued on unvested restricted stock unit awards (1)

 

 

 

 

 

 

 

 

(108

)

 

 

 

(108

)

 

 

 

(108

)

Net income

 

 

 

 

 

 

 

 

32,728

 

 

 

 

32,728

 

 

465

 

 

33,193

 

Unrealized loss due to fair value adjustments on interest rate swap agreements, net of taxes, net of settlements

 

 

 

 

 

 

 

 

 

 

(3,311

)

 

(3,311

)

 

 

 

(3,311

)

Other comprehensive loss in equity method investees

 

 

 

 

 

 

 

 

 

 

(71

)

 

(71

)

 

 

 

(71

)

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

 

755

 

 

755

 

 

 

 

755

 

Balance at March 31, 2019

 

 

121

 

 

(81,206

)

 

1,158,394

 

 

696,267

 

 

(321,634

)

 

1,451,942

 

 

11,844

 

 

1,463,786

 

Issuance of share based awards and share based awards compensation expense

 

 

1

 

 

 

 

3,676

 

 

 

 

 

 

3,677

 

 

 

 

3,677

 

Stock withholdings related to share based awards that vested during the three months ended June 30, 2019

 

 

 

 

(300

)

 

 

 

 

 

 

 

(300

)

 

 

 

(300

)

Dividends paid to stockholders, $0.34 per common share (1)

 

 

 

 

 

 

 

 

(39,823

)

 

 

 

(39,823

)

 

 

 

(39,823

)

Dividends paid to noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(294

)

 

(294

)

Dividends accrued on unvested restricted stock unit awards (1)

 

 

 

 

 

 

 

 

(189

)

 

 

 

(189

)

 

 

 

(189

)

Net income

 

 

 

 

 

 

 

 

100,971

 

 

 

 

100,971

 

 

890

 

 

101,861

 

Other comprehensive loss in equity method investees

 

 

 

 

 

 

 

 

 

 

(22

)

 

(22

)

 

 

 

(22

)

Unrealized loss due to fair value adjustments on interest rate swap agreements, net of taxes, net of settlements

 

 

 

 

 

 

 

 

 

 

(5,902

)

 

(5,902

)

 

 

 

(5,902

)

Foreign currency translation adjustments

 

 

 

 

 

 

 

 

 

 

4,925

 

 

4,925

 

 

 

 

4,925

 

Balance at June 30, 2019

 

$

122

 

$

(81,506

)

$

1,162,070

 

$

757,226

 

$

(322,633

)

$

1,515,279

 

$

12,440

 

$

1,527,719

 

 

 

(1)

Below is a summary of dividends paid to stockholders as well as dividends accrued on unvested restricted stock units during the six months ended June 30, 2020 and 2019:

 

 

 

 

Amount per Share

 

 

 

 

 

Declaration Date

Record Date

Payable Date

 

of Common Stock

 

 

Total

 

2/21/2020

3/6/2020

3/20/2020

 

$

0.36

 

 

$

42,567

 

Six Months Ended June 30, 2020

 

$

0.36

 

 

$

42,567

 

 

 

 

 

 

 

 

 

 

 

 

2/22/2019

3/8/2019

3/22/2019

 

$

0.34

 

 

$

39,905

 

5/23/2019

6/8/2019

6/24/2019

 

 

0.34

 

 

 

40,012

 

Six Months Ended June 30, 2019

 

$

0.68

 

 

$

79,917