CINEMARK USA INC /TX
CIK:0000885975|SEC Filings
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Unaudited - USD ($) $ in Millions |
6 Months Ended | |||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|||
| Adjustments to reconcile net income to cash flow provided by operating activities | ||||
| Loss on debt amendments and extinguishments | $ (2.8) | $ (1.5) | ||
| Impairment of long-lived and other assets | 0.0 | 1.6 | ||
| Share-based awards compensation expense | [1] | (17.6) | (15.8) | |
| Non-cash rent expense | (5.6) | (5.6) | ||
| Financing activities | ||||
| Payments on finance leases | (8.1) | (7.6) | ||
| CNK | ||||
| Operating activities | ||||
| Net loss | 135.0 | 56.1 | ||
| Adjustments to reconcile net income to cash flow provided by operating activities | ||||
| Depreciation | 103.2 | 98.7 | ||
| Amortization of intangible and other assets | 0.0 | 0.2 | ||
| Loss on debt amendments and extinguishments | 2.8 | 1.5 | ||
| Amortization of original issue discount and debt issuance costs | 2.5 | 4.3 | ||
| Amortization of accumulated losses for amended swap agreements | 1.8 | 1.8 | ||
| Impairment of long-lived and other assets | 0.0 | 1.6 | ||
| Share-based awards compensation expense | 17.6 | 15.8 | ||
| Loss (gain) on disposal of assets and other | 6.5 | (3.1) | ||
| Non-cash rent expense | (5.6) | (5.6) | ||
| Equity in income of affiliates | (3.2) | (3.5) | ||
| Deferred income tax expense (benefit) | 33.9 | (1.7) | ||
| Distributions from equity investees | 4.3 | 6.7 | ||
| Changes in assets and liabilities and other | 46.3 | (18.2) | ||
| Net cash used for operating activities | 339.7 | 156.8 | ||
| Investing activities | ||||
| Additions to theater properties and equipment | (99.3) | (52.2) | ||
| Proceeds from sale of theater properties and equipment and other | 0.2 | 7.0 | ||
| Net cash used for investing activities | (99.1) | (45.2) | ||
| Financing activities | ||||
| Payment of debt issuance costs | (0.6) | (0.8) | ||
| Payment of fees for debt amendments and extinguishments | (0.3) | (0.2) | ||
| Repayments of long-term debt | (3.2) | (3.2) | ||
| Restricted stock withholdings for payroll taxes | (20.5) | (17.4) | ||
| Payments on finance leases | (8.1) | (7.6) | ||
| Other financing activities | (1.7) | 2.0 | ||
| Dividends paid to stockholders | (21.0) | (19.1) | ||
| Repurchases of common stock under share repurchase program | (25.3) | (200.0) | ||
| Net cash used for financing activities | (80.7) | (246.3) | ||
| Effect of exchange rate changes on cash and cash equivalents | 0.1 | 9.0 | ||
| Decrease in cash and cash equivalents | 160.0 | (125.7) | ||
| Cash and cash equivalents: | ||||
| Beginning of period | 344.3 | 1,057.3 | ||
| End of period | 504.3 | 931.6 | ||
| CUSA | ||||
| Operating activities | ||||
| Net loss | 136.6 | 66.1 | ||
| Adjustments to reconcile net income to cash flow provided by operating activities | ||||
| Depreciation | 103.2 | 98.7 | ||
| Amortization of intangible and other assets | 0.0 | 0.2 | ||
| Loss on debt amendments and extinguishments | 2.8 | 1.5 | ||
| Amortization of original issue discount and debt issuance costs | 2.5 | 2.6 | ||
| Amortization of accumulated losses for amended swap agreements | 1.8 | 1.8 | ||
| Impairment of long-lived and other assets | 0.0 | 1.6 | ||
| Share-based awards compensation expense | 16.9 | 15.1 | ||
| Loss (gain) on disposal of assets and other | 6.5 | (3.1) | ||
| Non-cash rent expense | (5.6) | (5.6) | ||
| Equity in income of affiliates | (3.2) | (3.5) | ||
| Deferred income tax expense (benefit) | 34.4 | (1.0) | ||
| Distributions from equity investees | 4.3 | 6.7 | ||
| Changes in assets and liabilities and other | 45.2 | (18.9) | ||
| Net cash used for operating activities | 340.0 | 164.4 | ||
| Investing activities | ||||
| Additions to theater properties and equipment | (99.3) | (52.2) | ||
| Proceeds from sale of theater properties and equipment and other | 0.2 | 7.0 | ||
| Net cash used for investing activities | (99.1) | (45.2) | ||
| Financing activities | ||||
| Distributions to parent (see Note 16) | (47.5) | 0.0 | ||
| Payment of debt issuance costs | (0.6) | (0.8) | ||
| Payment of fees for debt amendments and extinguishments | (0.3) | (0.2) | ||
| Repayments of long-term debt | (3.2) | (3.2) | ||
| Restricted stock withholdings for payroll taxes | (20.5) | (17.4) | ||
| Payments on finance leases | (8.1) | (7.6) | ||
| Other financing activities | (2.2) | 1.6 | ||
| Net cash used for financing activities | (82.4) | (27.6) | ||
| Effect of exchange rate changes on cash and cash equivalents | 0.1 | 9.0 | ||
| Decrease in cash and cash equivalents | 158.6 | 100.6 | ||
| Cash and cash equivalents: | ||||
| Beginning of period | 344.1 | 827.4 | ||
| End of period | 502.7 | 928.0 | ||
| NCM | CNK | ||||
| Adjustments to reconcile net income to cash flow provided by operating activities | ||||
| Interest accrued related to significant financing component | 10.4 | 10.7 | ||
| Amortization of NCM screen advertising advances | (16.2) | (16.3) | ||
| NCM | CUSA | ||||
| Adjustments to reconcile net income to cash flow provided by operating activities | ||||
| Interest accrued related to significant financing component | 10.4 | 10.7 | ||
| Amortization of NCM screen advertising advances | (16.2) | (16.3) | ||
| NCMI | CNK | ||||
| Adjustments to reconcile net income to cash flow provided by operating activities | ||||
| Net loss (gain) on investment in NCMI | 0.4 | 7.8 | ||
| NCMI | CUSA | ||||
| Adjustments to reconcile net income to cash flow provided by operating activities | ||||
| Net loss (gain) on investment in NCMI | $ 0.4 | $ 7.8 | ||
| ||||
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
||
|---|---|---|---|---|
| Other long-term assets | ||||
| Goodwill | [1] | $ 1,248.4 | $ 1,245.8 | |
| Cinemark Holdings, Inc.'s stockholders' equity: | ||||
| Treasury stock | (585.6) | (539.8) | ||
| CNK [Member] | ||||
| Current assets | ||||
| Cash and cash equivalents | 504.3 | 344.3 | ||
| Inventories | 32.3 | 29.1 | ||
| Accounts receivable | 112.9 | 110.0 | ||
| Current income tax receivable | 59.5 | 67.9 | ||
| Prepaid expenses and other | 52.3 | 47.4 | ||
| Total current assets | 761.3 | 598.7 | ||
| Theater properties and equipment, net | 1,169.2 | 1,175.8 | ||
| Operating lease right-of-use assets, net | 939.0 | 949.9 | ||
| Other long-term assets | ||||
| Goodwill | 1,248.4 | 1,245.8 | ||
| Intangible assets, net | 300.4 | 300.4 | ||
| Long-term deferred tax asset | 64.2 | 95.8 | ||
| Deferred charges and other assets | 31.7 | 26.6 | ||
| Total other long-term assets | 1,684.1 | 1,709.5 | ||
| Total assets | 4,553.6 | 4,433.9 | ||
| Current liabilities | ||||
| Current portion of long-term debt | 6.3 | 6.4 | ||
| Current portion of operating lease obligations | 215.2 | 215.0 | ||
| Current portion of finance lease obligations | 16.8 | 16.5 | ||
| Current income tax payable | 6.5 | 6.2 | ||
| Accounts payable and accrued expenses | 656.2 | 604.2 | ||
| Total current liabilities | 901.0 | 848.3 | ||
| Long-term liabilities | ||||
| Long-term debt, less current portion | 1,870.5 | 1,869.2 | ||
| Operating lease obligations, less current portion | 773.9 | 791.0 | ||
| Finance lease obligations, less current portion | 84.9 | 93.7 | ||
| Long-term deferred tax liability | 9.2 | 6.6 | ||
| Long-term liability for uncertain tax positions | 57.3 | 55.7 | ||
| NCM screen advertising advances | 300.9 | 307.2 | ||
| Other long-term liabilities | 50.8 | 48.4 | ||
| Total long-term liabilities | 3,147.5 | 3,171.8 | ||
| Cinemark Holdings, Inc.'s stockholders' equity: | ||||
| Common stock | 0.1 | 0.1 | ||
| Additional paid-in-capital | 1,415.2 | 1,397.3 | ||
| Treasury stock | (585.6) | (539.8) | ||
| Retained earnings (accumulated deficit) | 47.1 | (64.4) | ||
| Accumulated other comprehensive loss | (381.1) | (388.0) | ||
| Total Cinemark Holdings, Inc.'s stockholders' equity | 495.7 | 405.2 | ||
| Noncontrolling interests | 9.4 | 8.6 | ||
| Total equity | 505.1 | 413.8 | ||
| Total liabilities and equity | 4,553.6 | 4,433.9 | ||
| CNK [Member] | NCMI And Other Affiliates [Member] | ||||
| Other long-term assets | ||||
| Investments in NCMI and other affiliates | 39.4 | 40.9 | ||
| CUSA [Member] | ||||
| Current assets | ||||
| Cash and cash equivalents | 502.7 | 344.1 | ||
| Inventories | 32.3 | 29.1 | ||
| Accounts receivable | 112.9 | 110.0 | ||
| Current income tax receivable | 57.1 | 62.0 | ||
| Prepaid expenses and other | 52.1 | 47.3 | ||
| Accounts receivable from parent | 116.9 | 92.8 | ||
| Total current assets | 874.0 | 685.3 | ||
| Theater properties and equipment, net | 1,169.2 | 1,175.8 | ||
| Operating lease right-of-use assets, net | 939.0 | 949.9 | ||
| Other long-term assets | ||||
| Goodwill | 1,248.4 | 1,245.8 | ||
| Intangible assets, net | 300.4 | 300.4 | ||
| Long-term deferred tax asset | 59.5 | 47.3 | ||
| Deferred charges and other assets | 31.7 | 26.6 | ||
| Total other long-term assets | 1,679.4 | 1,661.0 | ||
| Total assets | 4,661.6 | 4,472.0 | ||
| Current liabilities | ||||
| Current portion of long-term debt | 6.3 | 6.4 | ||
| Current portion of operating lease obligations | 215.2 | 215.0 | ||
| Current portion of finance lease obligations | 16.8 | 16.5 | ||
| Current income tax payable | 6.9 | 3.0 | ||
| Accounts payable and accrued expenses | 655.7 | 602.5 | ||
| Total current liabilities | 900.9 | 843.4 | ||
| Long-term liabilities | ||||
| Long-term debt, less current portion | 1,870.5 | 1,869.2 | ||
| Operating lease obligations, less current portion | 773.9 | 791.0 | ||
| Finance lease obligations, less current portion | 84.9 | 93.7 | ||
| Long-term deferred tax liability | 55.4 | 8.5 | ||
| Long-term liability for uncertain tax positions | 57.3 | 55.7 | ||
| NCM screen advertising advances | 300.9 | 307.2 | ||
| Other long-term liabilities | 50.3 | 47.8 | ||
| Total long-term liabilities | 3,193.2 | 3,173.1 | ||
| Cinemark Holdings, Inc.'s stockholders' equity: | ||||
| Additional paid-in-capital | 1,587.3 | 1,570.1 | ||
| Treasury stock | (24.2) | (24.2) | ||
| Retained earnings (accumulated deficit) | (670.6) | (757.7) | ||
| Accumulated other comprehensive loss | (383.9) | (390.8) | ||
| Total Cinemark Holdings, Inc.'s stockholders' equity | 558.1 | 446.9 | ||
| Noncontrolling interests | 9.4 | 8.6 | ||
| Total equity | 567.5 | 455.5 | ||
| Total liabilities and equity | 4,661.6 | 4,472.0 | ||
| CUSA [Member] | NCMI And Other Affiliates [Member] | ||||
| Other long-term assets | ||||
| Investments in NCMI and other affiliates | 39.4 | 40.9 | ||
| CUSA [Member] | Common Class A [Member] | ||||
| Cinemark Holdings, Inc.'s stockholders' equity: | ||||
| Common stock | 0.0 | 0.0 | ||
| CUSA [Member] | Common Class B [Member] | ||||
| Cinemark Holdings, Inc.'s stockholders' equity: | ||||
| Common stock | $ 49.5 | $ 49.5 | ||
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