XML 35 R7.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
CUSA [Member]
CNK [Member]
Common Stock
CUSA [Member]
Common Class B [Member]
Common Stock
CNK [Member]
Treasury Stock
CUSA [Member]
Treasury Stock
CNK [Member]
Additional Paid-in- Capital
CUSA [Member]
Additional Paid-in- Capital
CNK [Member]
Retained Earnings
CUSA [Member]
Retained Earnings
CNK [Member]
Accumulated Other Comprehensive Loss
CUSA [Member]
Accumulated Other Comprehensive Loss
CNK [Member]
Total Cinemark Holdings, Inc.'s Stockholders' Equity
CUSA [Member]
Total Cinemark Holdings, Inc.'s Stockholders' Equity
CNK [Member]
Noncontrolling Interests
CUSA [Member]
Noncontrolling Interests
CNK [Member]
Balance at Dec. 31, 2019   $ 1,474.2 $ 1,448.3 $ 49.5 $ 0.1 $ (24.2) $ (81.6) $ 1,291.6 $ 1,170.1 $ 484.9 $ 687.3 $ (340.1) $ (340.1) $ 1,461.7 $ 1,435.8 $ 12.5 $ 12.5
Balance (in shares) at Dec. 31, 2019       200,000 121,900,000 (100,000) (4,700,000)                    
Issuance of restricted stock         $ 1.5                        
Issuance of stock upon vesting of restricted stock units         0.2                        
Restricted stock forfeitures and stock withholdings related to share based awards that vested during the year $ (5.4) [1]   (5.4)       $ (5.4)               (5.4)    
Restricted stock forfeitures and stock withholdings related to share based awards that vested during the year (in shares)             400,000                    
Share based awards compensation expense   19.0 19.9         19.0 19.9         19.0 19.9    
Dividends paid to parent   (42.0) (42.3)             (42.0) 42.3     42.0 42.3    
Contributions received from parent   0.0                              
Dividends accrued on unvested restricted stock unit awards (0.3)   0.3               0.3       0.3    
Distributions to noncontrolling interests   (0.4) (0.4)                         (0.4) 0.4
Net loss (617.9) (607.3) (617.9)             (606.2) (616.8)     (606.2) (616.8) (1.1) (1.1)
Issuance of convertible senior notes     108.3           108.3           108.3    
Call options purchased     (142.1)           (142.1)           (142.1)    
Proceeds from issuance of warrants     89.4           89.4           89.4    
Amortization of accumulated losses for amended swap agreements   3.3 3.3                 3.3 3.3 3.3 3.3    
Other comprehensive income (loss)   (61.9) (61.9)                 (61.9) (61.9) (61.9) (61.9)    
Balance at Dec. 31, 2020   784.9 798.9 $ 49.5 $ 0.1 $ (24.2) $ (87.0) 1,310.6 1,245.6 (163.3) 27.9 (398.7) (398.7) 773.9 787.9 11.0 11.0
Balance (in shares) at Dec. 31, 2020       200,000 123,600,000 (100,000) (5.1)                    
Impact of adoption of ASU 2020-06, net of tax | ASU 2020-06     (71.6)           (77.1)   5.5       (71.6)    
Issuance of restricted stock (in shares)         1,300,000                        
Issuance of stock upon vesting of restricted stock units         $ 0.2                        
Restricted stock forfeitures and stock withholdings related to share based awards that vested during the year (4.1) [1]   (4.1)       $ (4.1)               (4.1)    
Restricted stock forfeitures and stock withholdings related to share based awards that vested during the year (in shares)             300,000                    
Share based awards compensation expense   28.4 29.3         28.4 29.3         28.4 29.3    
Contributions received from parent   120.0           120.0           120.0      
Dividends accrued on unvested restricted stock unit awards 0.0                                
Net loss (422.2) (380.1) (422.2)             (380.7) (422.8)     (380.7) (422.8) 0.6 0.6
Amortization of accumulated losses for amended swap agreements   4.5 4.5                 4.5 4.5 4.5 4.5    
Other comprehensive income (loss)   (2.8) (0.3)                 (2.8) (0.3) (2.8) (0.3)    
Balance at Dec. 31, 2021   554.9 334.5 $ 49.5 $ 0.1 $ (24.2) $ (91.1) 1,459.0 1,197.8 (544.0) (389.4) (397.0) (394.5) 543.3 322.9 11.6 11.6
Balance (in shares) at Dec. 31, 2021       200,000 125.1 (100,000) (5.4)                    
Issuance of restricted stock         $ 0.9                        
Issuance of stock upon vesting of restricted stock units (in shares)         100,000                        
Restricted stock forfeitures and stock withholdings related to share based awards that vested during the year (4.3) [1]   (4.3)       $ (4.3)               (4.3)    
Restricted stock forfeitures and stock withholdings related to share based awards that vested during the year (in shares)             300,000                    
Share based awards compensation expense   20.5 21.5         20.5 21.5         20.5 21.5    
Contributions received from parent   0.0                              
Dividends accrued on unvested restricted stock unit awards 0.0                                
Distributions to noncontrolling interests   (5.5) (5.5)                         (5.5) 5.5
Net loss $ (268.0) (228.7) (268.0)             (231.9) (271.2)     (231.9) (271.2) 3.2 3.2
Amortization of accumulated losses for amended swap agreements   4.5 4.5                 4.5 4.5 4.5 4.5    
Other comprehensive income (loss)   36.2 36.8                 36.2 36.8 36.2 36.8    
Balance at Dec. 31, 2022   $ 381.9 $ 119.5 $ 49.5 $ 0.1 $ (24.2) $ (95.4) $ 1,479.5 $ 1,219.3 $ (775.9) $ (660.6) $ (356.3) $ (353.2) $ 372.6 $ 110.2 $ 9.3 $ 9.3
Balance (in shares) at Dec. 31, 2022       200,000 126.1 (100,000) (5.7)                    
[1] Holdings withheld shares as a result of the election by certain employees to satisfy their tax liabilities upon vesting in restricted stock and restricted stock units. Holdings determined the number of shares to be withheld based upon market values of the common stock of Holdings on the vest dates. Below is a summary of the range of market values per share on the vest dates for the years indicated:

 

 

Year Ended December 31,

 

 

2020

 

2021

 

2022

Market Values

 

$8.03 to $32.12

 

$15.21 to $24.14

 

$12.11 to $18.33