CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
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| Revenues | ||||
| Revenue | $ 1,221.4 | $ 1,178.7 | $ 4,047.5 | $ 3,662.4 |
| Operating costs and expenses | ||||
| Operating costs and expenses | 400.5 | 383.2 | 1,236.9 | 1,128.8 |
| Rent | 203.7 | 200.7 | 593.1 | 590.9 |
| General and administrative: | ||||
| Merger, acquisition and transaction costs | 18.1 | 5.6 | 27.1 | 57.2 |
| Other | 48.4 | 32.6 | 135.6 | 113.0 |
| Depreciation and amortization | 130.2 | 135.2 | 398.4 | 393.9 |
| Operating costs and expenses | 1,243.3 | 1,182.8 | 3,869.8 | 3,630.6 |
| Operating income (loss) | (21.9) | (4.1) | 177.7 | 31.8 |
| Other expense (income) | ||||
| Other expense (income) | 54.1 | (0.4) | 57.5 | (1.9) |
| Interest expense: | ||||
| Corporate borrowings | 64.3 | 60.8 | 188.2 | 171.7 |
| Capital and financing lease obligations | 9.4 | 10.6 | 29.5 | 31.7 |
| Non-cash interest expense related to NCM exhibitor services agreement | 10.3 | 31.2 | ||
| Equity in (earnings) loss of non-consolidated entities | (70.0) | 1.8 | (74.0) | 199.1 |
| Investment (income) expense | (0.7) | (16.6) | (7.4) | (21.6) |
| Total other expense | 67.4 | 56.2 | 225.0 | 379.0 |
| Earnings (loss) before income taxes | (89.3) | (60.3) | (47.3) | (347.2) |
| Income tax provision (benefit) | 11.1 | (17.6) | 13.2 | (136.4) |
| Net earnings (loss) | $ (100.4) | $ (42.7) | $ (60.5) | $ (210.8) |
| Earnings (loss) per share: | ||||
| Basic | $ (0.82) | $ (0.33) | $ (0.48) | $ (1.65) |
| Diluted | $ (0.82) | $ (0.33) | $ (0.48) | $ (1.65) |
| Average shares outstanding: | ||||
| Basic (in thousands) | 123,126 | 131,077 | 126,386 | 127,902 |
| Diluted (in thousands) | 123,126 | 131,077 | 126,386 | 127,902 |
| Admissions | ||||
| Revenues | ||||
| Revenue | $ 751.4 | $ 753.5 | $ 2,522.7 | $ 2,332.4 |
| Operating costs and expenses | ||||
| Operating costs and expenses | 378.8 | 364.8 | 1,276.7 | 1,164.2 |
| Food and beverage | ||||
| Revenues | ||||
| Revenue | 384.8 | 361.4 | 1,236.4 | 1,133.1 |
| Operating costs and expenses | ||||
| Operating costs and expenses | 63.6 | 60.7 | 202.0 | 182.6 |
| Total other theatre | ||||
| Revenues | ||||
| Revenue | $ 85.2 | $ 63.8 | $ 288.4 | $ 196.9 |
| X | ||||||||||
- Definition Represents interest costs associated with the exhibitor service agreement. No definition available.
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- Definition The amount, during the lease term, of each minimum capital and financing lease payment allocated to interest expense so as to produce a constant periodic rate of interest on the remaining balance of the capital or financing lease obligation. No definition available.
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- Definition This element represents acquisition-related costs incurred to effect a business combination which have been expensed during the period. These costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs related to the requisition process for equity securities. In addition, this element includes other nonrecurring expenses that may include, but are not limited to, unconsummated business combination expenses, and other nonrecurring business transaction expenses. No definition available.
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business) including income or loss from equity method investments. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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