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10-Q Filing

CINEMARK USA INC /TX CIK: 885975 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0000950170-22-009298
Period End Date 20220331
Filing Date 20220511
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance none-20220331_htm.xml
Filing Contents
Balance Sheet 78 line items
Line Item Tag Value Unit Period
Treasury stock, shares TreasuryStockShares 57,245.00 shares Point-in-time
Treasury stock, shares TreasuryStockShares 57,245.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $442.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $314.30M USD Point-in-time
Inventories InventoryNet $16.80M USD Point-in-time
Inventories InventoryNet $15.50M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $52.90M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $68.80M USD Point-in-time
Current income tax receivable IncomeTaxesReceivable $46.60M USD Point-in-time
Current income tax receivable IncomeTaxesReceivable $46.50M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $36.20M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $35.00M USD Point-in-time
Accounts receivable from parent AccountsReceivableRelatedPartiesCurrent $46.70M USD Point-in-time
Accounts receivable from parent AccountsReceivableRelatedPartiesCurrent $49.20M USD Point-in-time
Total current assets AssetsCurrent $656.50M USD Point-in-time
Total current assets AssetsCurrent $514.70M USD Point-in-time
Theatre properties and equipment PropertyPlantAndEquipmentGross $3.42B USD Point-in-time
Theatre properties and equipment PropertyPlantAndEquipmentGross $3.37B USD Point-in-time
Less: accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $2.07B USD Point-in-time
Less: accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.99B USD Point-in-time
Theatre properties and equipment, net PropertyPlantAndEquipmentNet $1.35B USD Point-in-time
Theatre properties and equipment, net PropertyPlantAndEquipmentNet $1.38B USD Point-in-time
Operating lease right-of-use assets, net OperatingLeaseRightOfUseAsset $1.20B USD Point-in-time
Operating lease right-of-use assets, net OperatingLeaseRightOfUseAsset $1.23B USD Point-in-time
Goodwill Goodwill $1.25B USD Point-in-time
Goodwill Goodwill $1.26B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $310.80M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $310.80M USD Point-in-time
Investments in affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $25.80M USD Point-in-time
Investments in affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $25.20M USD Point-in-time
Deferred charges and other assets, net OtherAssetsNoncurrent $28.50M USD Point-in-time
Deferred charges and other assets, net OtherAssetsNoncurrent $22.30M USD Point-in-time
Total other assets OtherAssetsNet $1.74B USD Point-in-time
Total other assets OtherAssetsNet $1.75B USD Point-in-time
Total assets Assets $5.01B USD Point-in-time
Total assets Assets $4.82B USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $24.30M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $27.20M USD Point-in-time
Current portion of operating lease obligations OperatingLeaseLiabilityCurrent $219.40M USD Point-in-time
Current portion of operating lease obligations OperatingLeaseLiabilityCurrent $217.10M USD Point-in-time
Current portion of finance lease obligations FinanceLeaseLiabilityCurrent $14.60M USD Point-in-time
Current portion of finance lease obligations FinanceLeaseLiabilityCurrent $14.70M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $504.60M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $381.20M USD Point-in-time
Total current liabilities LiabilitiesCurrent $760.60M USD Point-in-time
Total current liabilities LiabilitiesCurrent $642.50M USD Point-in-time
Long-term debt, less current portion LongTermDebtNoncurrent $2.03B USD Point-in-time
Long-term debt, less current portion LongTermDebtNoncurrent $2.03B USD Point-in-time
Operating lease obligations, less current portion OperatingLeaseLiabilityNoncurrent $1.04B USD Point-in-time
Operating lease obligations, less current portion OperatingLeaseLiabilityNoncurrent $1.08B USD Point-in-time
Finance lease obligations, less current portion FinanceLeaseLiabilityNoncurrent $98.80M USD Point-in-time
Finance lease obligations, less current portion FinanceLeaseLiabilityNoncurrent $102.60M USD Point-in-time
Long-term deferred tax liability DeferredIncomeTaxLiabilitiesNet $57.80M USD Point-in-time
Long-term deferred tax liability DeferredIncomeTaxLiabilitiesNet $56.00M USD Point-in-time
Long-term liability for uncertain tax positions LiabilityForUncertainTaxPositionsNoncurrent $46.40M USD Point-in-time
Long-term liability for uncertain tax positions LiabilityForUncertainTaxPositionsNoncurrent $45.90M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $37.90M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $30.50M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $3.65B USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $3.70B USD Point-in-time
Treasury stock, 57,245 Class B shares at cost TreasuryStockValue $24.20M USD Point-in-time
Treasury stock, 57,245 Class B shares at cost TreasuryStockValue $24.20M USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapitalCommonStock $1.46B USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapitalCommonStock $1.46B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $-606.50M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $-544.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-397.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-366.90M USD Point-in-time
Total Cinemark USA, Inc.'s stockholder's equity StockholdersEquity $515.80M USD Point-in-time
Total Cinemark USA, Inc.'s stockholder's equity StockholdersEquity $543.30M USD Point-in-time
Noncontrolling interests MinorityInterest $13.10M USD Point-in-time
Noncontrolling interests MinorityInterest $11.60M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $528.90M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $785.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $554.90M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $703.20M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $5.01B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $4.82B USD Point-in-time
Income Statement 46 line items
Line Item Tag Value Unit Period
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $460.50M USD 1 Quarter
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $114.40M USD 1 Quarter
Film rentals and advertising FilmRentalsAndAdvertising $127.60M USD 1 Quarter
Film rentals and advertising FilmRentalsAndAdvertising $23.20M USD 1 Quarter
Concession supplies ConcessionSuppliesExpense $30.00M USD 1 Quarter
Concession supplies ConcessionSuppliesExpense $7.20M USD 1 Quarter
Salaries and wages LaborAndRelatedExpense $79.80M USD 1 Quarter
Salaries and wages LaborAndRelatedExpense $31.20M USD 1 Quarter
Facility lease expense FacilityLeaseExpense $73.70M USD 1 Quarter
Facility lease expense FacilityLeaseExpense $64.80M USD 1 Quarter
Utilities and other OtherCostAndExpenseOperating $86.90M USD 1 Quarter
Utilities and other OtherCostAndExpenseOperating $49.10M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $35.10M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $39.90M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $61.70M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $68.20M USD 1 Quarter
Restructuring costs RestructuringCosts - USD 1 Quarter
Restructuring costs RestructuringCosts $-200.00K USD 1 Quarter
(Gain) loss on disposal of assets and other GainLossOnDisposalOfAssetsAndOther $6.90M USD 1 Quarter
(Gain) loss on disposal of assets and other GainLossOnDisposalOfAssetsAndOther $-4.50M USD 1 Quarter
Total cost of operations CostsAndExpenses $283.10M USD 1 Quarter
Total cost of operations CostsAndExpenses $492.70M USD 1 Quarter
Operating loss OperatingIncomeLoss $-168.70M USD 1 Quarter
Operating loss OperatingIncomeLoss $-32.20M USD 1 Quarter
Interest expense InterestExpense $32.10M USD 1 Quarter
Interest expense InterestExpense $30.50M USD 1 Quarter
Interest income InvestmentIncomeInterest $600.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $1.60M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-2.60M USD 1 Quarter
Foreign currency exchange gain (loss) ForeignCurrencyTransactionGainLossBeforeTax $3.20M USD 1 Quarter
Foreign currency exchange gain (loss) ForeignCurrencyTransactionGainLossBeforeTax $-3.00M USD 1 Quarter
Equity in loss of affiliates IncomeLossFromEquityMethodInvestments $-6.80M USD 1 Quarter
Equity in loss of affiliates IncomeLossFromEquityMethodInvestments $-2.20M USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-48.00M USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-35.30M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-216.70M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-67.50M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-6.50M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-13.20M USD 1 Quarter
Net loss ProfitLoss $-203.50M USD 1 Quarter
Net loss ProfitLoss $-61.00M USD 1 Quarter
Less: Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.50M USD 1 Quarter
Less: Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-600.00K USD 1 Quarter
Net loss attributable to Cinemark USA, Inc. NetIncomeLoss $-62.50M USD 1 Quarter
Net loss attributable to Cinemark USA, Inc. NetIncomeLoss $-202.90M USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-203.50M USD 1 Quarter
Net loss ProfitLoss $-61.00M USD 1 Quarter
Depreciation Depreciation $67.50M USD 1 Quarter
Depreciation Depreciation $61.10M USD 1 Quarter
Amortization of intangible and other assets AmortizationOfIntangibleAssets $600.00K USD 1 Quarter
Amortization of intangible and other assets AmortizationOfIntangibleAssets $700.00K USD 1 Quarter
Amortization of debt issue costs AmortizationOfFinancingCosts $1.70M USD 1 Quarter
Amortization of debt issue costs AmortizationOfFinancingCosts $1.90M USD 1 Quarter
Amortization of accumulated losses for amended swap agreements AmortizationOfAccumulatedLossesForAmendedSwapAgreements $1.10M USD 1 Quarter
Amortization of accumulated losses for amended swap agreements AmortizationOfAccumulatedLossesForAmendedSwapAgreements $1.10M USD 1 Quarter
Share based awards compensation expense ShareBasedCompensation $4.90M USD 1 Quarter
Share based awards compensation expense ShareBasedCompensation $4.40M USD 1 Quarter
(Gain) loss on disposal of assets and other GainLossOnDisposalOfAssetsAndOther $6.90M USD 1 Quarter
(Gain) loss on disposal of assets and other GainLossOnDisposalOfAssetsAndOther $-4.50M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-2.60M USD 1 Quarter
Non-cash rent expense NonCashRentExpense $2.30M USD 1 Quarter
Non-cash rent expense NonCashRentExpense $-100.00K USD 1 Quarter
Equity in loss of affiliates IncomeLossFromEquityMethodInvestments $-6.80M USD 1 Quarter
Equity in loss of affiliates IncomeLossFromEquityMethodInvestments $-2.20M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $-17.90M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $-7.90M USD 1 Quarter
Distributions from equity investees EquityMethodInvestmentDividendsOrDistributions $200.00K USD 1 Quarter
Distributions from equity investees EquityMethodInvestmentDividendsOrDistributions $600.00K USD 1 Quarter
Changes in assets and liabilities and other IncreaseDecreaseInOtherOperatingCapitalNet $-9.90M USD 1 Quarter
Changes in assets and liabilities and other IncreaseDecreaseInOtherOperatingCapitalNet $100.40M USD 1 Quarter
Net cash used for operating activities NetCashProvidedByUsedInOperatingActivities $-108.50M USD 1 Quarter
Net cash used for operating activities NetCashProvidedByUsedInOperatingActivities $-124.00M USD 1 Quarter
Additions to theatre properties and equipment PaymentsToAcquirePropertyPlantAndEquipment $17.70M USD 1 Quarter
Additions to theatre properties and equipment PaymentsToAcquirePropertyPlantAndEquipment $18.70M USD 1 Quarter
Proceeds from sale of theatre properties and equipment and other ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from sale of theatre properties and equipment and other ProceedsFromSaleOfPropertyPlantAndEquipment $10.60M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-8.10M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-17.70M USD 1 Quarter
Restricted stock withholdings for payroll taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.60M USD 1 Quarter
Restricted stock withholdings for payroll taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation - USD 1 Quarter
Contributions from parent ProceedsFromContributionsFromParent - USD 1 Quarter
Contributions from parent ProceedsFromContributionsFromParent $120.00M USD 1 Quarter
Proceeds from issuance of senior notes ProceedsFromIssuanceOfOtherLongTermDebt $405.00M USD 1 Quarter
Proceeds from issuance of senior notes ProceedsFromIssuanceOfOtherLongTermDebt - USD 1 Quarter
Proceeds from other borrowings ProceedsFromOtherDebt $9.00M USD 1 Quarter
Proceeds from other borrowings ProceedsFromOtherDebt - USD 1 Quarter
Redemption of senior notes RedemptionOfSeniorNotes $400.00M USD 1 Quarter
Redemption of senior notes RedemptionOfSeniorNotes - USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $3.40M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $2.00M USD 1 Quarter
Payment of debt issue costs PaymentsOfDebtIssuanceCosts $6.00M USD 1 Quarter
Payment of debt issue costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Fees paid related to debt refinancing PaymentsOfDebtRestructuringCosts $1.50M USD 1 Quarter
Fees paid related to debt refinancing PaymentsOfDebtRestructuringCosts - USD 1 Quarter
Payments on finance leases CapitalAndFinanceLeasePrincipalPayments $3.70M USD 1 Quarter
Payments on finance leases CapitalAndFinanceLeasePrincipalPayments $3.60M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $120.80M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-8.60M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $-3.20M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $-1.60M USD 1 Quarter
Decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-128.40M USD 1 Quarter
Decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-22.50M USD 1 Quarter
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $260.60M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $314.30M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $238.10M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $442.70M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $260.60M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $314.30M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $238.10M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $442.70M USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-203.50M USD 1 Quarter
Net loss ProfitLoss $-61.00M USD 1 Quarter
Unrealized gain due to fair value adjustments on interest rate swap agreements, net of taxes and settlements OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $5.70M USD 1 Quarter
Unrealized gain due to fair value adjustments on interest rate swap agreements, net of taxes and settlements OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $14.60M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $14.40M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-9.50M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-3.80M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $29.00M USD 1 Quarter
Total comprehensive loss, net of tax ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-32.00M USD 1 Quarter
Total comprehensive loss, net of tax ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-207.30M USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-600.00K USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.50M USD 1 Quarter
Comprehensive loss attributable to Cinemark USA, Inc. ComprehensiveIncomeNetOfTax $-33.50M USD 1 Quarter
Comprehensive loss attributable to Cinemark USA, Inc. ComprehensiveIncomeNetOfTax $-206.70M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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