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CONSOLIDATING FINANCIAL INFORMATION OF SUBSIDIARIES

12 Months Ended

Dec. 31, 2022

UNAUDITED SUPPLEMENTAL SCHEDULES SPECIFIED BY THE SENIOR NOTES INDENTURES

CINEMARK USA, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2022

(in millions)


	Restricted		Unrestricted
	Group		Group			Eliminations			Consolidated
Assets
Current assets
Cash and cash equivalents	$	321.1	$	106.2		$	—		$	427.3
Other current assets		357.1		(106.6	)		(8.6	)		241.9
Total current assets		678.2		(0.4	)		(8.6	)		669.2
Theatre properties and equipment, net		1,232.1		—			—			1,232.1
Operating lease right-of-use assets, net		1,102.7		—			—			1,102.7
Other assets		1,716.6		274.2			(371.5	)		1,619.3
Total assets	$	4,729.6	$	273.8		$	(380.1	)	$	4,623.3
Liabilities and equity
Current liabilities
Current portion of long-term debt	$	10.7	$	—		$	—		$	10.7
Current portion of operating lease obligations		219.3		—			—			219.3
Current portion of finance lease obligations		14.4		—			—			14.4
Current income tax payable		3.2		—			—			3.2
Accounts payable and accrued expenses		461.3		—			(8.6	)		452.7
Total current liabilities		708.9		—			(8.6	)		700.3
Long-term liabilities
Long-term debt, less current portion		2,287.5		—			(264.5	)		2,023.0
Operating lease obligations, less current portion		970.6		—			—			970.6
Finance lease obligations, less current portion		88.0		—			—			88.0
Other long-term liabilities and deferrals		448.4		11.1			—			459.5
Total long-term liabilities		3,794.5		11.1			(264.5	)		3,541.1
Commitments and contingencies
Equity		226.2		262.7			(107.0	)		381.9
Total liabilities and equity	$	4,729.6	$	273.8		$	(380.1	)	$	4,623.3

Note: “Restricted Group” and “Unrestricted Group” are defined in the indentures for the senior notes.

CINEMARK USA, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF LOSS

YEAR ENDED DECEMBER 31, 2022

(in millions)


	Restricted			Unrestricted
	Group			Group			Eliminations			Consolidated
Revenue	$	2,454.7		$	—		$	—		$	2,454.7
Cost of operations
Theatre operating costs		1,961.9			—			—			1,961.9
General and administrative expenses		174.5			0.1			—			174.6
Depreciation and amortization		238.2			—			—			238.2
Impairment of long-lived assets		133.2			40.9			—			174.1
Restructuring costs		(0.5	)		—			—			(0.5	)
Loss on sale of assets and other		(6.8	)					—			(6.8	)
Total cost of operations		2,500.5			41.0			—			2,541.5
Operating loss		(45.8	)		(41.0	)		—			(86.8	)
Interest expense		(134.1	)		—			2.9			(131.2	)
Equity in loss of affiliates		(7.7	)		(1.6	)		—			(9.3	)
Cash distributions from DCIP		—			3.7			—			3.7
Interest expense - NCM		(23.2	)		—			—			(23.2	)
Other income		3.7			4.2			(2.9	)		5.0
Total other expense		(161.3	)		6.3			—			(155.0	)
Loss before income taxes		(207.1	)		(34.7	)		—			(241.8	)
Income tax benefit		(5.3	)		(7.8	)		—			(13.1	)
Net loss		(201.8	)		(26.9	)		—			(228.7	)
Less: Net income attributable to noncontrolling interests		3.2			—			—			3.2
Net loss attributable to Cinemark USA, Inc.	$	(205.0	)	$	(26.9	)	$	—		$	(231.9	)

Note: “Restricted Group” and “Unrestricted Group” are defined in the indentures for the senior notes.

CINEMARK USA, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

YEAR ENDED DECEMBER 31, 2022

(in millions)


	Restricted			Unrestricted
	Group			Group			Eliminations		Consolidated
Net loss	$	(201.8	)	$	(26.9	)	$	—	$	(228.7	)
Other comprehensive income, net of tax
Unrealized loss due to fair value adjustments on interest rate swap agreements, net of taxes of $(3.4), net of settlements		31.6			—			—		31.6
Foreign currency translation adjustments		4.6			—			—		4.6
Total other comprehensive income, net of tax		36.2			—			—		36.2
Total comprehensive loss, net of tax		(165.6	)		(26.9	)		—		(192.5	)
Comprehensive income attributable to noncontrolling interests		(3.2	)		—			—		(3.2	)
Comprehensive loss attributable to Cinemark USA, Inc.	$	(168.8	)	$	(26.9	)	$	—	$	(195.7	)

Note: “Restricted Group” and “Unrestricted Group” are defined in the indentures for the senior notes.

CINEMARK USA, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2022

(in millions)


	Restricted			Unrestricted
	Group			Group			Eliminations		Consolidated
Operating activities
Net loss	$	(201.8	)	$	(26.9	)	$	—	$	(228.7	)
Adjustments to reconcile net loss to cash used for operating activities		359.3			49.3			—		408.6
Changes in assets and liabilities		(10.2	)		(16.3	)		—		(26.5	)
Net cash provided by operating activities		147.3			6.1			—		153.4
Investing activities
Additions to theatre properties and equipment		(110.7	)		—			—		(110.7	)
Proceeds from sale of theatre properties and equipment and other		14.4			—			—		14.4
Net cash used for investing activities		(96.3	)		—			—		(96.3	)
Financing activities
Restricted stock withholdings for payroll taxes		(4.3	)		—			—		(4.3	)
Repayments on long-term debt		(28.1	)		—			—		(28.1	)
Payments on finance leases		(14.3	)		—			—		(14.3	)
Other		(5.5	)		—			—		(5.5	)
Net cash used for financing activities		(52.2	)		—			—		(52.2	)
Effect of exchange rate changes on cash and cash equivalents		(20.3	)		—			—		(20.3	)
Increase (decrease) in cash and cash equivalents		(21.5	)		6.1			—		(15.4	)
Cash and cash equivalents:
Beginning of year		342.6			100.1			—		442.7
End of year	$	321.1		$	106.2		$	—	$	427.3

Note: “Restricted Group” and “Unrestricted Group” are defined in the indentures for the senior notes.