Cinemark Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Summary of Revenues Disaggregated Based on Type of Good or Service by Reportable Operating Segment and on Timing of Revenue Recognition

The following tables represent revenues, disaggregated based on major type of good or service and by reportable operating segment, for the periods presented.


	Three Months Ended
	March 31, 2022
	U.S.		International
	Operating		Operating
	Segment (1)		Segment		Consolidated
Admissions revenues	$	191.8	$	44.0	$	235.8
Concession revenues		141.1		31.9		173.0
Screen advertising, screen rental and promotional revenues (2)		18.7		8.1		26.8
Other revenues		20.4		4.5		24.9
Total revenues	$	372.0	$	88.5	$	460.5


	Three Months Ended
	March 31, 2021
	U.S.		International
	Operating		Operating
	Segment (1)		Segment		Consolidated
Admissions revenues	$	48.5	$	7.6	$	56.1
Concession revenues		33.0		6.5		39.5
Screen advertising, screen rental and promotional revenues (2)		11.2		2.2		13.4
Other revenues		4.4		1.0		5.4
Total revenues	$	97.1	$	17.3	$	114.4

(1)

U.S. segment revenues exclude intercompany transactions with the international operating segment. See Note 17 for additional information on intercompany eliminations.

(2)

Amount includes amortization of NCM screen advertising advances. See Deferred Revenues below.

The following tables represent revenues, disaggregated based on timing of recognition and by reportable operating segment, for the periods presented.


	Three Months Ended
	March 31, 2022
	U.S.		International
	Operating		Operating
	Segment (1)		Segment		Consolidated
Goods and services transferred at a point in time	$	348.3	$	78.6	$	426.9
Goods and services transferred over time (2)		23.7		9.9		33.6
Total	$	372.0	$	88.5	$	460.5


	Three Months Ended
	March 31, 2021
	U.S.		International
	Operating		Operating
	Segment (1)		Segment		Consolidated
Goods and services transferred at a point in time	$	80.5	$	14.3	$	94.8
Goods and services transferred over time (2)		16.6		3.0		19.6
Total	$	97.1	$	17.3	$	114.4

(1)

U.S. segment revenues exclude intercompany transactions with the international operating segment. See Note 17 for additional information on intercompany eliminations.

Amount includes amortization of NCM screen advertising advances. See Deferred Revenues below.

Changes in Advances and Deferred Revenues

The following table presents changes in the Company’s NCM screen advertising advances and other deferred revenues for the three months ended March 31, 2022.


	NCM screen advertising advances (1)			Other Deferred Revenues (2)
Balance at January 1, 2022	$	346.0		$	160.3
Amounts recognized as accounts receivable		—			0.5
Cash received from customers in advance		—			49.6
Interest accrued related to significant financing component		5.8			—
Revenue recognized during period		(8.0	)		(40.2	)
Foreign currency translation adjustments		—			1.5
Balance at March 31, 2022	$	343.8		$	171.7

(1)

See Note 9 for the maturity of NCM screen advertising advances as of March 31, 2022.

(2)

Includes liabilities associated with outstanding gift cards and discount ticket vouchers, points or rebates outstanding under the Company’s loyalty and membership programs and revenues collected but not yet earned for screen advertising, screen rental and other promotional activities. Amounts are classified as accounts payable and accrued expenses or other long-term liabilities on the condensed consolidated balance sheet.

Aggregate Amount of Transaction Price Allocated to Performance Obligationt that are Unsatisfied and Expected to be Recognized

The table below summarizes the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied as of March 31, 2022 and when the Company expects to recognize this revenue.


	Twelve Months Ended March 31,
Remaining Performance Obligations	2023		2024		Thereafter		Total
Other deferred revenues	$	152.1	$	19.6	$	—	$	171.7