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10-Q Filing

CINEMARK USA INC /TX CIK: 885975 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001564590-21-025875
Period End Date 20210331
Filing Date 20210510
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance ck885975-10q_20210331_htm.xml
Filing Contents
Balance Sheet 82 line items
Line Item Tag Value Unit Period
Treasury stock, shares TreasuryStockShares 57,245.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $260.54M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $238.06M USD Point-in-time
Treasury stock, shares TreasuryStockShares 57,245.00 shares Point-in-time
Inventories InventoryNet $12.17M USD Point-in-time
Inventories InventoryNet $12.59M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $23.72M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $25.26M USD Point-in-time
Current income tax receivable IncomeTaxesReceivable $174.66M USD Point-in-time
Current income tax receivable IncomeTaxesReceivable $158.93M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $31.42M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $34.40M USD Point-in-time
Accounts receivable from parent AccountsReceivableRelatedPartiesCurrent $39.62M USD Point-in-time
Accounts receivable from parent AccountsReceivableRelatedPartiesCurrent $36.77M USD Point-in-time
Total current assets AssetsCurrent $519.66M USD Point-in-time
Total current assets AssetsCurrent $528.50M USD Point-in-time
Theatre properties and equipment PropertyPlantAndEquipmentGross $3.35B USD Point-in-time
Theatre properties and equipment PropertyPlantAndEquipmentGross $3.40B USD Point-in-time
Less: accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.79B USD Point-in-time
Less: accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.82B USD Point-in-time
Theatre properties and equipment, net PropertyPlantAndEquipmentNet $1.53B USD Point-in-time
Theatre properties and equipment, net PropertyPlantAndEquipmentNet $1.62B USD Point-in-time
Operating lease right-of-use assets, net OperatingLeaseRightOfUseAsset $1.25B USD Point-in-time
Operating lease right-of-use assets, net OperatingLeaseRightOfUseAsset $1.28B USD Point-in-time
Goodwill Goodwill $1.25B USD Point-in-time
Goodwill Goodwill $1.25B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $313.08M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $314.19M USD Point-in-time
Investments in affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $23.73M USD Point-in-time
Investments in affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $23.93M USD Point-in-time
Deferred charges and other assets, net OtherAssetsNoncurrent $33.20M USD Point-in-time
Deferred charges and other assets, net OtherAssetsNoncurrent $31.06M USD Point-in-time
Total other assets OtherAssetsNet $1.76B USD Point-in-time
Total other assets OtherAssetsNet $1.78B USD Point-in-time
Total assets Assets $5.06B USD Point-in-time
Total assets Assets $5.20B USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $18.06M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $18.47M USD Point-in-time
Current portion of operating lease obligations OperatingLeaseLiabilityCurrent $208.59M USD Point-in-time
Current portion of operating lease obligations OperatingLeaseLiabilityCurrent $206.75M USD Point-in-time
Current portion of finance lease obligations FinanceLeaseLiabilityCurrent $16.41M USD Point-in-time
Current portion of finance lease obligations FinanceLeaseLiabilityCurrent $14.49M USD Point-in-time
Current income tax payable AccruedIncomeTaxesCurrent $5.63M USD Point-in-time
Current income tax payable AccruedIncomeTaxesCurrent $55.00K USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $350.09M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $351.35M USD Point-in-time
Total current liabilities LiabilitiesCurrent $591.11M USD Point-in-time
Total current liabilities LiabilitiesCurrent $598.78M USD Point-in-time
Long-term debt, less current portion LongTermDebtNoncurrent $2.03B USD Point-in-time
Long-term debt, less current portion LongTermDebtNoncurrent $2.02B USD Point-in-time
Operating lease obligations, less current portion OperatingLeaseLiabilityNoncurrent $1.11B USD Point-in-time
Operating lease obligations, less current portion OperatingLeaseLiabilityNoncurrent $1.14B USD Point-in-time
Finance lease obligations, less current portion FinanceLeaseLiabilityNoncurrent $124.61M USD Point-in-time
Finance lease obligations, less current portion FinanceLeaseLiabilityNoncurrent $112.91M USD Point-in-time
Long-term deferred tax liability DeferredIncomeTaxLiabilitiesNet $73.62M USD Point-in-time
Long-term deferred tax liability DeferredIncomeTaxLiabilitiesNet $89.96M USD Point-in-time
Long-term liability for uncertain tax positions LiabilityForUncertainTaxPositionsNoncurrent $19.23M USD Point-in-time
Long-term liability for uncertain tax positions LiabilityForUncertainTaxPositionsNoncurrent $39.32M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $60.08M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $73.75M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $3.77B USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $3.81B USD Point-in-time
Commitments and contingencies (see Note 18) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (see Note 18) CommitmentsAndContingencies - USD Point-in-time
Treasury stock, 57,245 Class B shares at cost TreasuryStockValue $24.23M USD Point-in-time
Treasury stock, 57,245 Class B shares at cost TreasuryStockValue $24.23M USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapitalCommonStock $1.31B USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapitalCommonStock $1.44B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $-366.19M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $-163.28M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-401.29M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-398.65M USD Point-in-time
Total Cinemark USA, Inc.'s stockholder's equity StockholdersEquity $774.00M USD Point-in-time
Total Cinemark USA, Inc.'s stockholder's equity StockholdersEquity $692.89M USD Point-in-time
Noncontrolling interests MinorityInterest $10.39M USD Point-in-time
Noncontrolling interests MinorityInterest $11.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.47B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.29B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $784.99M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $703.28M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $5.06B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $5.20B USD Point-in-time
Income Statement 45 line items
Line Item Tag Value Unit Period
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $114.36M USD 1 Quarter
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $543.62M USD 1 Quarter
Film rentals and advertising FilmRentalsAndAdvertising $23.20M USD 1 Quarter
Film rentals and advertising FilmRentalsAndAdvertising $156.62M USD 1 Quarter
Concession supplies ConcessionSuppliesExpense $34.81M USD 1 Quarter
Concession supplies ConcessionSuppliesExpense $7.14M USD 1 Quarter
Salaries and wages LaborAndRelatedExpense $87.54M USD 1 Quarter
Salaries and wages LaborAndRelatedExpense $31.17M USD 1 Quarter
Facility lease expense FacilityLeaseExpense $82.24M USD 1 Quarter
Facility lease expense FacilityLeaseExpense $64.83M USD 1 Quarter
Utilities and other OtherCostAndExpenseOperating $49.14M USD 1 Quarter
Utilities and other OtherCostAndExpenseOperating $100.52M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $35.11M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $40.59M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $68.16M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $65.26M USD 1 Quarter
Impairment of long-lived assets AssetImpairmentCharges $16.62M USD 1 Quarter
Restructuring costs RestructuringCosts $-208.00K USD 1 Quarter
Loss on disposal of assets and other GainLossOnDisposalOfAssetsAndOther $-4.50M USD 1 Quarter
Loss on disposal of assets and other GainLossOnDisposalOfAssetsAndOther $-1.91M USD 1 Quarter
Total cost of operations CostsAndExpenses $586.11M USD 1 Quarter
Total cost of operations CostsAndExpenses $283.06M USD 1 Quarter
Operating loss OperatingIncomeLoss $-168.69M USD 1 Quarter
Operating loss OperatingIncomeLoss $-42.50M USD 1 Quarter
Interest expense InterestExpense $24.67M USD 1 Quarter
Interest expense InterestExpense $30.52M USD 1 Quarter
Interest income InvestmentIncomeInterest $2.08M USD 1 Quarter
Interest income InvestmentIncomeInterest $620.00K USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-2.60M USD 1 Quarter
Foreign currency exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-2.97M USD 1 Quarter
Foreign currency exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-4.85M USD 1 Quarter
Equity in income (loss) of affiliates IncomeLossFromEquityMethodInvestments $-6.81M USD 1 Quarter
Equity in income (loss) of affiliates IncomeLossFromEquityMethodInvestments $8.49M USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-48.04M USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-19.61M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-216.74M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-62.11M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $-13.22M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $-3.01M USD 1 Quarter
Net loss ProfitLoss $-203.51M USD 1 Quarter
Net loss ProfitLoss $-59.10M USD 1 Quarter
Less: Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $169.00K USD 1 Quarter
Less: Net income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-602.00K USD 1 Quarter
Net loss attributable to Cinemark USA, Inc. NetIncomeLoss $-202.91M USD 1 Quarter
Net loss attributable to Cinemark USA, Inc. NetIncomeLoss $-59.27M USD 1 Quarter
Cash Flow Statement 65 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-203.51M USD 1 Quarter
Net loss ProfitLoss $-59.10M USD 1 Quarter
Depreciation Depreciation $67.50M USD 1 Quarter
Depreciation Depreciation $64.00M USD 1 Quarter
Amortization of intangible and other assets AmortizationOfIntangibleAssets $665.00K USD 1 Quarter
Amortization of intangible and other assets AmortizationOfIntangibleAssets $1.25M USD 1 Quarter
Amortization of debt issue costs AmortizationOfFinancingCosts $1.33M USD 1 Quarter
Amortization of debt issue costs AmortizationOfFinancingCosts $1.73M USD 1 Quarter
Amortization of NCM screen advertising advances and deferred revenues AmortizationOfDeferredRevenueAndDeferredLiabilities $7.85M USD 1 Quarter
Amortization of NCM screen advertising advances and deferred revenues AmortizationOfDeferredRevenueAndDeferredLiabilities $7.93M USD 1 Quarter
Amortization of accumulated losses for amended swap agreements AmortizationOfAccumulatedLossesForAmendedSwapAgreements $1.12M USD 1 Quarter
Impairment of long-lived assets AssetImpairmentCharges $16.62M USD 1 Quarter
Share based awards compensation expense ShareBasedCompensation $3.88M USD 1 Quarter
Share based awards compensation expense ShareBasedCompensation $4.44M USD 1 Quarter
Loss on disposal of assets and other GainLossOnDisposalOfAssetsAndOther $-4.50M USD 1 Quarter
Loss on disposal of assets and other GainLossOnDisposalOfAssetsAndOther $-1.91M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-2.60M USD 1 Quarter
Non-cash rent expense NonCashRentExpense $-128.00K USD 1 Quarter
Non-cash rent expense NonCashRentExpense $591.00K USD 1 Quarter
Equity in (income) loss of affiliates IncomeLossFromEquityMethodInvestments $-6.81M USD 1 Quarter
Equity in (income) loss of affiliates IncomeLossFromEquityMethodInvestments $8.49M USD 1 Quarter
Deferred income tax expenses DeferredIncomeTaxExpenseBenefit $-17.95M USD 1 Quarter
Deferred income tax expenses DeferredIncomeTaxExpenseBenefit $15.36M USD 1 Quarter
Distributions from equity investees EquityMethodInvestmentDividendsOrDistributions $16.61M USD 1 Quarter
Distributions from equity investees EquityMethodInvestmentDividendsOrDistributions $156.00K USD 1 Quarter
Changes in assets and liabilities and other IncreaseDecreaseInOtherOperatingCapitalNet $66.66M USD 1 Quarter
Changes in assets and liabilities and other IncreaseDecreaseInOtherOperatingCapitalNet $-9.86M USD 1 Quarter
Net cash used for operating activities NetCashProvidedByUsedInOperatingActivities $-15.83M USD 1 Quarter
Net cash used for operating activities NetCashProvidedByUsedInOperatingActivities $-124.04M USD 1 Quarter
Additions to theatre properties and equipment PaymentsToAcquirePropertyPlantAndEquipment $17.68M USD 1 Quarter
Additions to theatre properties and equipment PaymentsToAcquirePropertyPlantAndEquipment $34.14M USD 1 Quarter
Proceeds from sale of theatre properties and equipment and other ProceedsFromSaleOfPropertyPlantAndEquipment $21.00K USD 1 Quarter
Proceeds from sale of theatre properties and equipment and other ProceedsFromSaleOfPropertyPlantAndEquipment $55.00K USD 1 Quarter
Investment in joint ventures and other, net PaymentsToJointVentureInvestmentAndOtherNet $50.00K USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-17.66M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-34.14M USD 1 Quarter
Contributions received from parent ProceedsFromContributionsFromParent $120.00M USD 1 Quarter
Dividends paid to parent PaymentsOfDividendsCommonStock $42.00M USD 1 Quarter
Payroll taxes paid as a result of stock withholdings PaymentsRelatedToTaxWithholdingForShareBasedCompensation $8.00K USD 1 Quarter
Payroll taxes paid as a result of stock withholdings PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.69M USD 1 Quarter
Proceeds from revolving line of credit ProceedsFromLinesOfCredit $98.80M USD 1 Quarter
Proceeds from issuance of senior notes ProceedsFromIssuanceOfOtherLongTermDebt $405.00M USD 1 Quarter
Proceeds from other borrowings ProceedsFromOtherDebt $9.01M USD 1 Quarter
Redemption of senior notes RedemptionOfSeniorNotes $400.00M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $1.65M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $2.00M USD 1 Quarter
Payment of debt issue costs PaymentsOfDebtIssuanceCosts $5.98M USD 1 Quarter
Fees paid related to debt refinancing PaymentsOfDebtRestructuringCosts $1.44M USD 1 Quarter
Payments on finance leases FinanceLeasePrincipalPayments $3.79M USD 1 Quarter
Payments on finance leases FinanceLeasePrincipalPayments $3.74M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-392.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $120.85M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $48.28M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $-7.18M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $-1.62M USD 1 Quarter
Decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-8.88M USD 1 Quarter
Decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-22.48M USD 1 Quarter
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $488.21M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $260.54M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $479.34M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $238.06M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $488.21M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $260.54M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $479.34M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $238.06M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Unrealized loss due to fair value adjustments on interest rate swap agreements, taxes OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax $2.24M USD 1 Quarter
Unrealized loss due to fair value adjustments on interest rate swap agreements, taxes OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax $2.23M USD 1 Quarter
Net loss ProfitLoss $-203.51M USD 1 Quarter
Net loss ProfitLoss $-59.10M USD 1 Quarter
Unrealized gain (loss) due to fair value adjustments on interest rate swap agreements, net of taxes of $2,244 and $2,230, net of settlements OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-24.17M USD 1 Quarter
Unrealized gain (loss) due to fair value adjustments on interest rate swap agreements, net of taxes of $2,244 and $2,230, net of settlements OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $5.70M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-57.62M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-9.46M USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-3.76M USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-81.80M USD 1 Quarter
Total comprehensive loss, net of tax ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-207.27M USD 1 Quarter
Total comprehensive loss, net of tax ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-140.90M USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $169.00K USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-602.00K USD 1 Quarter
Comprehensive loss attributable to Cinemark USA, Inc. ComprehensiveIncomeNetOfTax $-141.07M USD 1 Quarter
Comprehensive loss attributable to Cinemark USA, Inc. ComprehensiveIncomeNetOfTax $-206.67M USD 1 Quarter

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

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