v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Total revenues $ 1,405.9 $ 968.4 $ 3,708.2 $ 2,920.5
Operating costs and expenses        
Operating expense, excluding depreciation and amortization below 449.8 400.6 1,245.0 1,147.6
Rent 224.3 223.2 650.8 668.8
General and administrative:        
Merger, acquisition and other costs 0.7 0.3 1.5 0.4
Other, excluding depreciation and amortization below 54.4 40.6 184.8 161.2
Depreciation and amortization 88.7 96.9 279.1 293.0
Operating costs and expenses 1,306.5 1,083.3 3,632.2 3,218.4
Operating income (loss) 99.4 (114.9) 76.0 (297.9)
Other expense, net:        
Other expense (income) (12.8) (1.0) (4.7) 91.6
Interest expense:        
Corporate borrowings 93.4 85.1 276.1 246.6
Finance lease obligations 0.9 1.0 2.8 3.2
Non-cash NCM exhibitor services agreement 9.4 9.6 28.5 28.6
Equity in (earnings) loss of non-consolidated entities (3.1) (2.8) (5.3) 3.3
Investment expense (income) (3.0) 18.3 (11.4) 12.2
Total other expense, net 84.8 110.2 286.0 385.5
Net earnings (loss) before income taxes 14.6 (225.1) (210.0) (683.4)
Income tax provision 2.3 1.8 4.6 2.5
Net earnings (loss) $ 12.3 $ (226.9) $ (214.6) $ (685.9)
Net earnings (loss) per share:        
Basic (in dollars per share) $ 0.08 $ (2.20) $ (1.43) $ (6.64)
Diluted (in dollars per share) $ 0.08 $ (2.20) $ (1.43) $ (6.64)
Average shares outstanding:        
Basic (Shares in thousands) 162,424 103,369 150,465 103,306
Diluted (Shares in thousands) 162,607 103,369 150,465 103,306
Admissions        
Revenues        
Total revenues $ 797.7 $ 545.3 $ 2,075.9 $ 1,640.1
Operating costs and expenses        
Operating costs and expenses 398.5 263.2 1,027.8 781.7
Food and beverage        
Revenues        
Total revenues 482.7 333.3 1,299.6 982.5
Operating costs and expenses        
Operating costs and expenses 90.1 58.5 243.2 165.7
Other theatre        
Revenues        
Total revenues $ 125.5 $ 89.8 $ 332.7 $ 297.9