v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Revenue $ 5,471.0 $ 5,460.8 $ 5,079.2
Operating costs and expenses      
Operating expenses, excluding depreciation and amortization below 1,686.6 1,654.7 1,548.0
Rent 967.8 797.8 794.4
General and administrative:      
Merger, acquisition and other costs 15.5 31.3 63.0
Other, excluding depreciation and amortization below 153.0 179.3 133.2
Depreciation and amortization 450.0 537.8 538.6
Impairment of long-lived assets 84.3 13.8 43.6
Operating costs and expenses 5,335.0 5,195.8 4,977.2
Operating income 136.0 265.0 102.0
Other expense (income):      
Other expense (income) 13.4 (108.1) (1.5)
Interest expense:      
Corporate borrowings 292.8 262.3 231.6
Capital and financing lease obligations 7.6 38.5 42.4
Non-cash NCM exhibitor services agreement 40.4 41.5  
Equity in (earnings) loss of non-consolidated entities (30.6) (86.7) 185.2
Investment income (16.0) (6.2) (22.6)
Total other expense, net 307.6 141.3 435.1
Earnings (loss) before income taxes (171.6) 123.7 (333.1)
Income tax provision (benefit) (22.5) 13.6 154.1
Net earnings (loss) $ (149.1) $ 110.1 $ (487.2)
Earnings (loss) per share:      
Basic $ (1.44) $ 0.91 $ (3.80)
Diluted $ (1.44) $ 0.41 $ (3.80)
Average shares outstanding:      
Basic (in thousands) 103,832 120,621 128,246
Diluted (in thousands) 103,832 130,105 128,246
Admissions      
Revenues      
Revenue $ 3,301.3 $ 3,385.0 $ 3,229.5
Operating costs and expenses      
Operating costs and expenses 1,699.1 1,710.2 1,604.3
Food and beverage      
Revenues      
Revenue 1,719.6 1,671.5 1,548.4
Operating costs and expenses      
Operating costs and expenses 278.7 270.9 252.1
Total other theatre      
Revenues      
Revenue $ 450.1 $ 404.3 $ 301.3