Cinemark Holdings, Inc.
Business
Cinemark Holdings, Inc. is a leading, geographically diverse motion picture exhibitor operating a global circuit of movie theaters. It provides theatrical exhibition services, screening mainstream and local films in 2-D and 3-D, premium large formats (XD, IMAX, ScreenX), motion-seat auditoriums, alternative content and live-streamed events, alongside expanded food, beverage and merchandise offerings and mobile/delivery concession services. The company manages operations through two reportable segments—U.S. markets and international markets—supported by corporate film licensing, marketing, technology and advertising functions. Cinemark distributes content across its U.S. and Latin American theater network using omni-channel ticketing, loyalty programs and third-party delivery partners.
Summary from filing dated 2025-02-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 3,115 | 3,050 | 3,067 | 2,455 | 1,511 | |
| Depreciation and amortization | 202 | 198 | 210 | 238 | 265 | |
| Impairment of long-lived and other assets | 7 | 2 | 17 | 174 | 21 | |
| Interest expense | −142 | −144 | −150 | −155 | — | |
| Loss on debt amendments and extinguishments | −2 | −7 | −11 | 0 | 7 | |
| Interest expense - NCM | −21 | −22 | −23 | −23 | −24 | |
| Income before income taxes | 154 | 253 | 221 | −265 | −439 | |
| Income taxes | 12 | −60 | 30 | 3 | −17 | |
| Net income attributable to Cinemark USA, Inc. | 138 | 310 | 188 | −271 | −423 | |
| Basic (shares) | 116 | 120 | 119 | 118 | 117 | |
| Diluted (shares) | 134 | 155 | 152 | 118 | 117 | |
| Basic (per share) | 1.18 | 2.54 | 1.55 | −2.26 | −3.55 | |
| Diluted (per share) | 1.04 | 2.06 | 1.34 | −2.26 | −3.55 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Theatre properties and equipment, net | 1,176 | 1,145 | 1,162 | 1,232 | 1,383 | |
| Operating lease right-of-use assets, net | 950 | 930 | 986 | 1,103 | 1,231 | |
| Goodwill | 1,246 | 1,240 | 1,251 | 1,251 | 1,249 | |
| Intangible assets, net | 300 | 301 | 303 | 305 | 311 | |
| Current portion of operating lease obligations | 215 | 212 | 213 | 219 | 217 | |
| Current portion of finance lease obligations | 17 | 15 | 14 | 14 | 15 | |
| Accrued other current liabilities (see Note 11) | 302 | 270 | 239 | 200 | 225 | |
| Operating lease obligations, less current portion | 791 | 784 | 853 | 971 | 1,078 | |
| Finance lease obligations, less current portion | 94 | 110 | 74 | 88 | 103 | |
| Treasury stock shares | −540 | −103 | −98 | −95 | −91 | |
| Noncontrolling interests | 9 | 9 | 9 | 9 | 12 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loss on warrants | 0 | 0 | 0 | — | — | |
| Share-based awards compensation expense | 37 | 34 | 25 | 22 | 29 | |
| Non-cash rent expense | −11 | −13 | −18 | −11 | −3 | |
| Deferred income tax expense (benefit) | −19 | −111 | 11 | −9 | −23 | |
| Payments on finance leases | −15 | −15 | −14 | −14 | −15 |