XML 53 R42.htm IDEA: XBRL DOCUMENT
v3.24.3

Segments - Holdings (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Segment Reporting [Abstract] |
Selected Financial Information by Reportable Operating Segment | Below is a breakdown of selected financial information by reportable operating segment for Holdings:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenue |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 744.8 |  |  | $ | 686.2 |  |  | $ | 1,779.0 |  |  | $ | 1,907.2 |
International |  |  | 180.4 |  |  |  | 192.3 |  |  |  | 464.8 |  |  |  | 531.3 |
Eliminations |  |  | (3.4 | ) |  |  | (3.7 | ) |  |  | (8.6 | ) |  |  | (10.7 | )
Total revenue |  | $ | 921.8 |  |  | $ | 874.8 |  |  | $ | 2,235.2 |  |  | $ | 2,427.8 |
Adjusted EBITDA |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 180.7 |  |  | $ | 151.2 |  |  | $ | 338.6 |  |  | $ | 395.4 |
International |  |  | 39.8 |  |  |  | 45.6 |  |  |  | 94.7 |  |  |  | 119.1 |
Total Adjusted EBITDA |  | $ | 220.5 |  |  | $ | 196.8 |  |  | $ | 433.3 |  |  | $ | 514.5 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 33.5 |  |  | $ | 26.9 |  |  | $ | 67.7 |  |  | $ | 70.7 |
International |  |  | 9.5 |  |  |  | 8.2 |  |  |  | 22.5 |  |  |  | 19.0 |
Total capital expenditures |  | $ | 43.0 |  |  | $ | 35.1 |  |  | $ | 90.2 |  |  | $ | 89.7 |
Reconciliation of Net Income to Adjusted EBITDA | The following table sets forth a reconciliation of net income to Adjusted EBITDA for Holdings:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Net income |  | $ | 188.9 |  |  | $ | 91.2 |  |  | $ | 260.8 |  |  | $ | 209.1 |
Add (deduct): |  |  |  |  |  |  |  |  |  |  |  |
Income tax (benefit) expense |  |  | (42.7 | ) |  |  | 21.4 |  |  |  | (71.3 | ) |  |  | 29.8 |
Interest expense (1) |  |  | 36.7 |  |  |  | 38.1 |  |  |  | 109.0 |  |  |  | 112.0 |
Other income, net (2) |  |  | (22.4 | ) |  |  | (4.9 | ) |  |  | (40.0 | ) |  |  | (18.9 | )
Cash distributions from equity investees (3) |  |  | 2.2 |  |  |  | 1.6 |  |  |  | 5.1 |  |  |  | 3.2 |
Depreciation and amortization |  |  | 49.1 |  |  |  | 51.9 |  |  |  | 148.3 |  |  |  | 159.6 |
Impairment of long-lived and other assets |  |  | — |  |  |  | 2.0 |  |  |  | — |  |  |  | 12.1 |
(Gain) loss on disposal of assets and other |  |  | (0.1 | ) |  |  | (6.1 | ) |  |  | 2.0 |  |  |  | (8.8 | )
Loss on debt amendments and extinguishments |  |  | 3.0 |  |  |  | — |  |  |  | 5.5 |  |  |  | 10.7 |
Non-cash rent expense |  |  | (2.6 | ) |  |  | (4.8 | ) |  |  | (10.2 | ) |  |  | (13.2 | )
Share-based awards compensation expense |  |  | 8.4 |  |  |  | 6.4 |  |  |  | 24.1 |  |  |  | 18.9 |
Adjusted EBITDA |  | $ | 220.5 |  |  | $ | 196.8 |  |  | $ | 433.3 |  |  | $ | 514.5 |
(1) Includes amortization of debt issuance costs, amortization of original issue discount, and amortization of accumulated gains for amended swap agreements. (2) Includes interest income, foreign currency exchange and other related loss, interest expense - NCM, equity in income of affiliates and net gain on investment in NCMI. (3) Reflects cash distributions received from equity investees that were recorded as a reduction of the respective investment balances. These distributions are reported entirely within the U.S. operating segment.
Selected Financial Information by Geographic Area | Below is a breakdown of selected financial information for Holdings by geographic area:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
Revenue |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
U.S. |  | $ | 744.8 |  |  | $ | 686.2 |  |  | $ | 1,779.0 |  |  | $ | 1,907.2 |
Brazil |  |  | 70.9 |  |  |  | 70.3 |  |  |  | 183.8 |  |  |  | 183.5 |
Other international countries |  |  | 109.5 |  |  |  | 122.0 |  |  |  | 281.0 |  |  |  | 347.8 |
Eliminations |  |  | (3.4 | ) |  |  | (3.7 | ) |  |  | (8.6 | ) |  |  | (10.7 | )
Total |  | $ | 921.8 |  |  | $ | 874.8 |  |  | $ | 2,235.2 |  |  | $ | 2,427.8 |
|  | As of |  |  | As of |
Theatre properties and equipment, net |  | September 30, 2024 |  |  | December 31, 2023 |
U.S. |  | $ | 973.3 |  |  | $ | 1,002.1 |
Brazil |  |  | 47.6 |  |  |  | 54.7 |
Other international countries |  |  | 100.3 |  |  |  | 104.9 |
Total |  | $ | 1,121.2 |  |  | $ | 1,161.7 |

X
- Definition Reconciliation of consolidated Adjusted EBITDA to consolidated net income. + References No definition available. + Details
Name: | cnk_ReconciliationOfNetIncomeToAdjustedEbitdaTableTextBlock
Namespace Prefix: | cnk_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration