Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 568.6 $ 707.3
Inventories 16.8 15.5
Accounts receivable 52.9 68.8
Current income tax receivable 46.5 46.6
Prepaid expenses and other 35.0 36.2
Total current assets 719.8 874.4
Theatre properties and equipment 3,415.8 3,368.8
Less: accumulated depreciation and amortization 2,066.8 1,985.9
Theatre properties and equipment, net 1,349.0 1,382.9
Operating lease right-of-use assets, net 1,201.6 1,230.8
Other assets    
Goodwill [1] 1,256.9 1,248.8
Intangible assets, net 310.8 310.8
Investments in affiliates 25.8 25.2
Deferred charges and other assets, net 28.5 22.3
Total other assets 1,753.9 1,742.5
Total assets 5,024.3 5,230.6
Current liabilities    
Current portion of long-term debt 27.2 24.3
Current portion of operating lease obligations 219.4 217.1
Current portion of finance lease obligations 14.7 14.6
Accounts payable and accrued expenses 384.3 513.1
Total current liabilities 645.6 769.1
Long-term liabilities    
Long-term debt, less current portion 2,476.6 2,476.3
Operating lease obligations, less current portion 1,044.1 1,078.3
Finance lease obligations, less current portion 98.8 102.6
Long-term deferred tax liability 39.0 39.8
Long-term liability for uncertain tax positions 46.4 45.9
Other long-term liabilities 30.6 38.1
Total long-term liabilities 4,079.3 4,127.0
Cinemark Holdings, Inc.'s stockholders' equity:    
Common stock, $0.001 par value: 300.0 shares authorized, 125.9 shares issued and 120.5 shares outstanding at March 31, 2022 and 125.1 shares issued and 119.8 shares outstanding at December 31, 2021 0.1 0.1
Additional paid-in-capital 1,202.9 1,197.8
Treasury stock, 5.5 and 5.4 shares, at cost, at March 31, 2022 and December 31, 2021, respectively (92.7) (91.1)
Retained earnings (deficit) (463.4) (389.4)
Accumulated other comprehensive loss (360.6) (394.5)
Total Cinemark Holdings, Inc.'s stockholders' equity 286.3 322.9
Noncontrolling interests 13.1 11.6
Total equity 299.4 334.5
Total liabilities and equity 5,024.3 5,230.6
NCM    
Other assets    
Investment 131.9 135.4
Deferred charges and other assets, net 656.8  
Current liabilities    
Total current liabilities 56.7  
Long-term liabilities    
NCM screen advertising advances 343.8 $ 346.0
Total long-term liabilities $ 1,163.1  
[1] Balances are presented net of accumulated impairment losses of $214.0 for the U.S. operating segment and $43.8 for the international operating segment. See discussion of the qualitative impairment analysis performed by the Company as of March 31, 2022 at Note 13.