Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF LOSS

v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF LOSS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Total revenue $ 650.4 $ 434.8 $ 1,855.0 $ 843.8
Cost of operations        
Impairment of long-lived and other assets 15.2 7.5 107.5 7.5
Other income (expense)        
Equity in income (loss) of affiliates     (7.5) (22.1)
Net loss (23.9) (77.6) (169.2) (428.7)
Net loss attributable to Cinemark Holdings, Inc. $ (24.5) $ (77.8) $ (171.9) $ (428.5)
Weighted average shares outstanding        
Basic 118.4 117.3 118.1 117.2
Diluted 118.4 117.3 118.1 117.2
Loss per share attributable to Cinemark Holdings, Inc.'s common stockholders        
Basic $ (0.20) $ (0.65) $ (1.43) $ (3.59)
Diluted $ (0.20) $ (0.65) $ (1.43) $ (3.59)
NCM        
Other income (expense)        
Interest expense - NCM     $ (17.5) $ (17.7)
DCIP        
Other income (expense)        
Distributions from DCIP [1] $ 3.7 $ 6.5 3.7 6.5
Admissions        
Revenue        
Total revenue 324.6 225.5 942.3 435.1
Concession        
Revenue        
Total revenue 253.6 164.2 712.6 313.5
Other        
Revenue        
Total revenue 72.2 45.1 200.1 95.2
CNK        
Revenue        
Total revenue 650.4 434.8 1,855.0 843.8
Cost of operations        
Film rentals and advertising 180.9 117.0 531.1 216.8
Concession supplies 46.3 28.2 128.8 54.2
Salaries and wages 97.0 67.6 277.0 149.2
Facility lease expense 77.2 68.8 231.2 200.8
Utilities and other 110.4 81.7 303.8 192.0
General and administrative expense 45.1 38.6 134.0 111.8
Depreciation and amortization 58.3 67.2 181.0 202.3
Impairment of long-lived and other assets 15.2 7.5 107.5 7.5
Restructuring costs 0.0 (0.4) (0.2) (1.3)
(Gain) loss on disposal of assets and other 1.2 1.1 (6.4) 7.9
Total cost of operations 631.6 477.3 1,887.8 1,141.2
Operating income (loss) 18.8 (42.5) (32.8) (297.4)
Other income (expense)        
Interest expense (38.4) (38.0) (114.6) (111.6)
Interest income 6.4 0.8 11.1 5.3
Loss on extinguishment of debt 0.0 0.0 0.0 (6.5)
Foreign currency exchange loss (5.4) (0.2) (5.3) (0.9)
Equity in income (loss) of affiliates 0.2 (7.2) (7.5) (22.1)
Total other expense (39.3) (44.0) (130.1) (146.9)
Loss before income taxes (20.5) (86.5) (162.9) (444.3)
Income taxes 3.4 (8.9) 6.3 (15.6)
Net loss (23.9) (77.6) (169.2) (428.7)
Less: Net income (loss) attributable to noncontrolling interests 0.6 0.2 2.7 (0.2)
Net loss attributable to Cinemark Holdings, Inc. $ (24.5) $ (77.8) $ (171.9) $ (428.5)
Weighted average shares outstanding        
Basic 118.4 117.3 118.1 117.2
Diluted 118.4 117.3 118.1 117.2
Loss per share attributable to Cinemark Holdings, Inc.'s common stockholders        
Basic $ (0.20) $ (0.65) $ (1.43) $ (3.59)
Diluted $ (0.20) $ (0.65) $ (1.43) $ (3.59)
CNK | NCM        
Other income (expense)        
Distributions from NCM $ 0.0 $ 0.1
Interest expense - NCM (5.8) (5.9) (17.5) (17.7)
CNK | DCIP        
Other income (expense)        
Distributions from DCIP 3.7 6.5 3.7 6.5
CNK | Admissions        
Revenue        
Total revenue 324.6 225.5 942.3 435.1
CNK | Concession        
Revenue        
Total revenue 253.6 164.2 712.6 313.5
CNK | Other        
Revenue        
Total revenue 72.2 45.1 200.1 95.2
CUSA        
Cost of operations        
Film rentals and advertising 180.9 117.0 531.1 216.8
Concession supplies 46.3 28.2 128.8 54.2
Salaries and wages 97.0 67.6 277.0 149.2
Facility lease expense 77.2 68.8 231.2 200.8
Utilities and other 110.4 81.7 303.8 192.0
General and administrative expense 44.4 37.9 131.8 109.7
Depreciation and amortization 58.3 67.2 181.0 202.3
Impairment of long-lived and other assets 15.2 7.5 107.5 7.5
Restructuring costs 0.0 (0.4) (0.2) (1.3)
(Gain) loss on disposal of assets and other 1.2 1.1 (6.4) 7.9
Total cost of operations 630.9 476.6 1,885.6 1,139.1
Operating income (loss) 19.5 (41.8) (30.6) (295.3)
Other income (expense)        
Interest expense (32.4) (31.9) (96.5) (93.5)
Interest income 5.2 0.9 9.5 5.3
Loss on extinguishment of debt 0.0 0.0 0.0 (6.5)
Foreign currency exchange loss (5.4) (0.2) (5.3) (0.9)
Equity in income (loss) of affiliates 0.2 (7.2) (7.5) (22.1)
Total other expense (34.5) (37.8) (113.6) (128.8)
Loss before income taxes (15.0) (79.6) (144.2) (424.1)
Income taxes 0.4 (7.4) 3.3 (11.3)
Net loss (14.6) (72.2) (140.9) (412.8)
Less: Net income (loss) attributable to noncontrolling interests 0.6 0.2 2.7 (0.2)
Net loss attributable to Cinemark Holdings, Inc. (15.2) (72.4) (143.6) (412.6)
CUSA | NCM        
Other income (expense)        
Distributions from NCM 0.0 0.0 0.0 0.1
Interest expense - NCM 5.8 5.9 17.5 17.7
CUSA | DCIP        
Other income (expense)        
Distributions from DCIP $ 3.7 $ 6.5 $ 3.7 $ 6.5
[1] Cash distributions received from DCIP are not treated as a reduction of the investment balance because, as discussed above, the Company's equity investment in DCIP is zero. Reflected as distributions from DCIP on the condensed consolidated statements of loss.