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Revenue Recognition (Tables) | 9 Months Ended
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Sep. 30, 2022
Revenue from Contract with Customer [Abstract] |
Summary of Revenues Disaggregated Based on Type of Good or Service by Reportable Operating Segment and on Timing of Revenue Recognition | The following tables present revenue disaggregated based on major type of good or service and by reportable operating segment.
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2022 |  |  | September 30, 2022 |
|  | U.S. |  | International |  |  |  |  | U.S. |  | International |  |  |
|  | Operating |  | Operating |  |  |  |  | Operating |  | Operating |  |  |
|  | Segment (1) |  | Segment |  | Consolidated |  |  | Segment (1) |  | Segment |  | Consolidated |
Admissions revenue |  | $ | 257.6 |  | $ | 67.0 |  | $ | 324.6 |  |  | $ | 759.1 |  | $ | 183.2 |  | $ | 942.3 |
Concession revenue |  |  | 200.8 |  |  | 52.8 |  |  | 253.6 |  |  |  | 576.5 |  |  | 136.1 |  |  | 712.6 |
Screen advertising, screen rental and promotional revenue (2) |  |  | 20.6 |  |  | 11.3 |  |  | 31.9 |  |  |  | 60.7 |  |  | 30.7 |  |  | 91.4 |
Other revenue |  |  | 32.7 |  |  | 7.6 |  |  | 40.3 |  |  |  | 88.2 |  |  | 20.5 |  |  | 108.7 |
Total revenue |  | $ | 511.7 |  | $ | 138.7 |  | $ | 650.4 |  |  | $ | 1,484.5 |  | $ | 370.5 |  | $ | 1,855.0 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2021 |  |  | September 30, 2021 |
|  | U.S. |  | International |  |  |  |  | U.S. |  | International |  |  |
|  | Operating |  | Operating |  |  |  |  | Operating |  | Operating |  |  |
|  | Segment (1) |  | Segment |  | Consolidated |  |  | Segment (1) |  | Segment |  | Consolidated |
Admissions revenue |  | $ | 195.3 |  | $ | 30.2 |  | $ | 225.5 |  |  | $ | 384.4 |  | $ | 50.7 |  | $ | 435.1 |
Concession revenue |  |  | 142.6 |  |  | 21.6 |  |  | 164.2 |  |  |  | 275.0 |  |  | 38.5 |  |  | 313.5 |
Screen advertising, screen rental and promotional revenue (2) |  |  | 18.0 |  |  | 4.8 |  |  | 22.8 |  |  |  | 44.5 |  |  | 7.6 |  |  | 52.1 |
Other revenue |  |  | 19.5 |  |  | 2.8 |  |  | 22.3 |  |  |  | 37.9 |  |  | 5.2 |  |  | 43.1 |
Total revenue |  | $ | 375.4 |  | $ | 59.4 |  | $ | 434.8 |  |  | $ | 741.8 |  | $ | 102.0 |  | $ | 843.8 |
(1) U.S. segment revenue excludes intercompany transactions with the international operating segment. See Note 16 for the amount of intercompany eliminations for the periods presented. (2) Amount includes amortization of NCM screen advertising advances. See NCM Screen Advertising Advances and Other Deferred Revenue below. The following tables present revenue disaggregated based on timing of recognition and by reportable operating segment.
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2022 |  |  | September 30, 2022 |
|  | U.S. |  | International |  |  |  |  | U.S. |  | International |  |  |
|  | Operating |  | Operating |  |  |  |  | Operating |  | Operating |  |  |
|  | Segment (1) |  | Segment |  | Consolidated |  |  | Segment (1) |  | Segment |  | Consolidated |
Goods and services transferred at a point in time |  | $ | 478.9 |  | $ | 123.8 |  | $ | 602.7 |  |  | $ | 1,401.0 |  | $ | 332.2 |  | $ | 1,733.2 |
Goods and services transferred over time (2) |  |  | 32.8 |  |  | 14.9 |  |  | 47.7 |  |  |  | 83.5 |  |  | 38.3 |  |  | 121.8 |
Total |  | $ | 511.7 |  | $ | 138.7 |  | $ | 650.4 |  |  | $ | 1,484.5 |  | $ | 370.5 |  | $ | 1,855.0 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2021 |  |  | September 30, 2021 |
|  | U.S. |  | International |  |  |  |  | U.S. |  | International |  |  |
|  | Operating |  | Operating |  |  |  |  | Operating |  | Operating |  |  |
|  | Segment (1) |  | Segment |  | Consolidated |  |  | Segment (1) |  | Segment |  | Consolidated |
Goods and services transferred at a point in time |  | $ | 348.4 |  | $ | 53.3 |  | $ | 401.7 |  |  | $ | 678.4 |  | $ | 91.5 |  | $ | 769.9 |
Goods and services transferred over time (2) |  |  | 27.0 |  |  | 6.1 |  |  | 33.1 |  |  |  | 63.4 |  |  | 10.5 |  |  | 73.9 |
Total |  | $ | 375.4 |  | $ | 59.4 |  | $ | 434.8 |  |  | $ | 741.8 |  | $ | 102.0 |  | $ | 843.8 |
(1) U.S. segment revenue excludes intercompany transactions with the international operating segment. See Note 16 for the amount of intercompany eliminations for the periods presented. Amount includes amortization of NCM screen advertising advances. See NCM Screen Advertising Advances and Other Deferred Revenue below.
Changes in Advances and Deferred Revenues | The following table presents changes in the Company’s NCM screen advertising advances and other deferred revenue for the nine months ended September 30, 2022.
|  | NCM screen advertising advances (1) |  |  | Other Deferred Revenues (2) |
Balance at January 1, 2022 |  | $ | 346.0 |  |  | $ | 160.3 |
Amounts recognized as accounts receivable |  |  | — |  |  |  | 1.0 |
Cash received from customers in advance |  |  | — |  |  |  | 163.5 |
Common units received from NCM |  |  | 1.3 |  |  |  | — |
Interest accrued related to significant financing component |  |  | 17.5 |  |  |  | — |
Revenue recognized during period |  |  | (24.3 | ) |  |  | (150.9 | )
Foreign currency translation adjustments |  |  | — |  |  |  | (1.0 | )
Balance at September 30, 2022 |  | $ | 340.5 |  |  | $ | 172.9 |
(1) See Note 8 for the maturity of NCM screen advertising advances as of September 30, 2022. (2) Includes liabilities associated with outstanding gift cards and discount ticket vouchers, points or rebates outstanding under the Company’s loyalty and membership programs and revenue collected but not yet earned for screen advertising, screen rental and other promotional activities. Amounts are classified as accounts payable and accrued expenses or other long-term liabilities on the condensed consolidated balance sheet.
Aggregate Amount of Transaction Price Allocated to Performance Obligationt that are Unsatisfied and Expected to be Recognized | The table below summarizes the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied as of September 30, 2022 and when the Company expects to recognize this revenue.
|  | Twelve Months Ended September 30, |  |  |  |  |  |  |
Remaining Performance Obligations |  | 2023 |  |  | 2024 |  |  | Thereafter |  |  | Total |
Other deferred revenue |  | $ | 153.3 |  |  | $ | 19.6 |  |  | $ | — |  |  | $ | 172.9 |

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