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

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of computations of basic and diluted loss per share

The following table presents computations of basic and diluted loss per share:


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2022			2021			2022			2021
Numerator:
Net loss attributable to Cinemark Holdings, Inc.	$	(73.4	)	$	(142.4	)	$	(147.4	)	$	(350.7	)
Loss allocated to participating share-based awards (1)		1.4			2.7			2.5			5.9
Net loss attributable to common stockholders	$	(72.0	)	$	(139.7	)	$	(144.9	)	$	(344.8	)

Denominator:
Basic weighted average shares outstanding		118.2			117.2			118.0			117.2
Common equivalent shares for restricted stock units (2)		—			—			—			—
Common equivalent shares for convertible notes and warrants (3)		—			—			—			—
Diluted weighted average shares outstanding		118.2			117.2			118.0			117.2

Basic loss per share attributable to common stockholders	$	(0.61	)	$	(1.19	)	$	(1.23	)	$	(2.94	)
Diluted loss per share attributable to common stockholders	$	(0.61	)	$	(1.19	)	$	(1.23	)	$	(2.94	)

(1)

For the three months ended June 30, 2022 and 2021, a weighted average of approximately 2.27 shares and 2.28 shares of restricted stock, respectively, were considered participating securities. For the six months ended June 30, 2022 and 2021, a weighted average of approximately 2.03 shares and 1.99 shares of restricted stock, respectively, were considered participating securities.

(2)

For the three months ended June 30, 2022 and 2021, approximately 0.25 and 0.16 common equivalent shares for restricted stock units, respectively, were excluded because they were anti-dilutive. For the six months ended June 30, 2022 and 2021, approximately 0.28 and 0.10 common equivalent shares for restricted stock units, respectively, were excluded because they were anti-dilutive.

(3)

For the three and six months ended June 30, 2022 and 2021, diluted earnings (loss) per share excludes the conversion of the 4.50% Convertible Senior Notes into 32.0 shares of common stock, as well as outstanding warrants, as they would be anti-dilutive. See further discussion below.