Cinemark Holdings, Inc. Goodwill & Intangibles Disclosure
The Company’s goodwill was as follows for the periods presented:
|
|
U.S. |
|
|
International |
|
|
Total |
|
|||
Balance at December 31, 2023 (1) |
|
$ |
1,182.9 |
|
|
$ |
68.1 |
|
|
$ |
1,251.0 |
|
Foreign currency translation adjustments |
|
|
— |
|
|
|
(11.4 |
) |
|
|
(11.4 |
) |
Balance at December 31, 2024 (1) |
|
$ |
1,182.9 |
|
|
$ |
56.7 |
|
|
$ |
1,239.6 |
|
Foreign currency translation adjustments |
|
|
— |
|
|
|
6.2 |
|
|
|
6.2 |
|
Balance at December 31, 2025 (1) |
|
$ |
1,182.9 |
|
|
$ |
62.9 |
|
|
$ |
1,245.8 |
|
Intangible assets activity and balances consisted of the following for the periods indicated:
|
|
Balance at January 1, 2024 |
|
|
Additions (1) |
|
|
Amortization |
|
|
Foreign Currency Translation Adjustments |
|
|
Balance at December 31, 2024 |
|
|||||
Intangible assets with finite lives: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Gross carrying amount |
|
$ |
77.8 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(0.1 |
) |
|
$ |
77.7 |
|
Accumulated amortization |
|
|
(75.3 |
) |
|
|
— |
|
|
|
(2.0 |
) |
|
|
— |
|
|
|
(77.3 |
) |
Total intangible assets with finite lives, net |
|
$ |
2.5 |
|
|
$ |
— |
|
|
$ |
(2.0 |
) |
|
$ |
(0.1 |
) |
|
$ |
0.4 |
|
Intangible assets with indefinite lives: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Tradename and other |
|
|
300.3 |
|
|
|
0.1 |
|
|
|
— |
|
|
|
(0.3 |
) |
|
|
300.1 |
|
Total intangible assets, net |
|
$ |
302.8 |
|
|
$ |
0.1 |
|
|
$ |
(2.0 |
) |
|
$ |
(0.4 |
) |
|
$ |
300.5 |
|
|
|
Balance at January 1, 2025 |
|
|
Additions |
|
|
Amortization |
|
|
Foreign Currency Translation Adjustments |
|
|
Balance at December 31, 2025 |
|
|||||
Intangible assets with finite lives: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Gross carrying amount |
|
$ |
77.7 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
77.7 |
|
Accumulated amortization |
|
|
(77.3 |
) |
|
|
— |
|
|
|
(0.4 |
) |
|
|
— |
|
|
|
(77.7 |
) |
Total intangible assets with finite lives, net |
|
$ |
0.4 |
|
|
$ |
— |
|
|
$ |
(0.4 |
) |
|
$ |
— |
|
|
$ |
— |
|
Intangible assets with indefinite lives: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Tradename and other |
|
|
300.1 |
|
|
|
— |
|
|
|
— |
|
|
|
0.3 |
|
|
|
300.4 |
|
Total intangible assets, net |
|
$ |
300.5 |
|
|
$ |
— |
|
|
$ |
(0.4 |
) |
|
$ |
0.3 |
|
|
$ |
300.4 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 18, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 21, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Feb 23, 2018 | |
| 2016 | Feb 23, 2017 | |
| 2015 | Feb 24, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.