Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF LOSS

v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF LOSS - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Total revenues $ 434,821,000 $ 35,478,000 $ 843,834,000 $ 588,068,000
Cost of operations        
Film rentals and advertising 117,047,000 8,257,000 216,839,000 165,262,000
Concession supplies 28,208,000 2,688,000 54,195,000 39,879,000
Salaries and wages 67,630,000 20,181,000 149,203,000 116,589,000
Facility lease expense 68,767,000 67,047,000 200,809,000 214,490,000
Utilities and other 81,723,000 43,412,000 192,052,000 178,806,000
General and administrative expenses 38,584,000 30,342,000 111,774,000 99,361,000
Depreciation and amortization 67,208,000 62,543,000 202,288,000 191,380,000
Impairment of long-lived assets 7,480,000 24,595,000 7,480,000 41,214,000
Restructuring costs (340,000) 524,000 (1,288,000) 20,062,000
(Gain) loss on disposal of assets and other 1,020,000 (13,327,000) 7,883,000 (10,997,000)
Total cost of operations 477,327,000 246,262,000 1,141,235,000 1,056,046,000
Operating loss (42,506,000) (210,784,000) (297,401,000) (467,978,000)
Other income (expense)        
Interest expense [1] (37,993,000) (36,577,000) (111,580,000) (92,284,000)
Interest income 861,000 1,348,000 5,335,000 4,235,000
Loss on extinguishment of debt 0   (6,527,000)  
Foreign currency exchange loss (273,000) (2,251,000) (920,000) (6,183,000)
Equity in loss of affiliates (7,146,000) (16,077,000) (22,061,000) (27,711,000)
Total other expense (43,943,000) (58,397,000) (146,865,000) (132,694,000)
Loss before income taxes (86,449,000) (269,181,000) (444,266,000) (600,672,000)
Income taxes (8,876,000) (121,145,000) (15,569,000) (222,398,000)
Net loss (77,573,000) (148,036,000) (428,697,000) (378,274,000)
Less: Net income (loss) attributable to noncontrolling interests 241,000 (444,000) (175,000) (702,000)
Net loss attributable to Cinemark Holdings, Inc. $ (77,814,000) $ (147,592,000) $ (428,522,000) $ (377,572,000)
Weighted average shares outstanding        
Basic 117,274 116,707 117,226 116,552
Diluted 117,274 116,707 117,226 116,552
Loss per share attributable to Cinemark Holdings, Inc.'s common stockholders        
Basic $ (0.65) $ (1.25) $ (3.59) $ (3.22)
Diluted $ (0.65) $ (1.25) $ (3.59) $ (3.22)
NCM        
Cost of operations        
Operating loss $ (18,669,000)   $ (76,607,000)  
Other income (expense)        
Distributions from NCM 0 $ 1,061,000 77,000 $ 6,975,000
Interest expense - NCM (5,926,000) (5,901,000) (17,723,000) (17,726,000)
Net loss attributable to Cinemark Holdings, Inc. (35,335,000)   (125,699,000)  
DCIP        
Other income (expense)        
Distributions from DCIP 6,534,000   6,534,000  
Admissions        
Revenues        
Total revenues 225,464,000 14,901,000 435,064,000 307,400,000
Concession        
Revenues        
Total revenues 164,258,000 9,116,000 313,560,000 199,596,000
Other        
Revenues        
Total revenues $ 45,099,000 $ 11,461,000 $ 95,210,000 $ 81,072,000
[1] Includes amortization of debt issue costs and amortization of accumulated losses for amended swap agreements.