v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenues $ 1,030.6 $ 1,347.9 $ 1,982.0 $ 2,302.3
Operating costs and expenses        
Operating expense, excluding depreciation and amortization below 389.5 412.0 783.3 795.2
Rent 218.4 220.8 442.9 426.5
General and administrative:        
Merger, acquisition and other costs 0.1 0.6   0.8
Other, excluding depreciation and amortization below 49.0 58.1 106.7 130.4
Depreciation and amortization 78.8 96.8 160.4 190.4
Operating costs and expenses 1,078.0 1,263.1 2,137.8 2,325.7
Operating income (loss) (47.4) 84.8 (155.8) (23.4)
Other expense (income), net        
Other expense (income) (108.2) (31.9) (151.0) 5.9
Interest expense:        
Corporate borrowings 89.2 92.0 180.2 182.7
Finance lease obligations 0.6 1.0 1.5 1.9
Non-cash NCM exhibitor services agreement 9.2 9.6 18.5 19.1
Investment expense (income) (6.1) 5.1 (11.2) (8.4)
Total other expense (income), net (15.3) 75.8 38.0 201.2
Earnings (loss) before income taxes (32.1) 9.0 (193.8) (224.6)
Income tax provision 0.7 0.4 2.5 2.3
Net earnings (loss) $ (32.8) $ 8.6 $ (196.3) $ (226.9)
Net earnings (loss) per share:        
Basic earnings (loss) per common share $ (0.10) $ 0.06 $ (0.67) $ (1.57)
Diluted earnings (loss) per common share $ (0.10) $ 0.06 $ (0.67) $ (1.57)
Average shares outstanding:        
Basic (Shares in thousands) 321,581 151,302 292,496 144,387
Diluted (Shares in thousands) 321,581 151,347 292,496 144,387
Admissions        
Revenues        
Total revenues $ 564.4 $ 744.1 $ 1,094.9 $ 1,278.2
Operating costs and expenses        
Operating costs and expenses 272.3 383.1 511.6 629.3
Food and beverage        
Revenues        
Total revenues 367.1 488.2 688.3 816.9
Operating costs and expenses        
Operating costs and expenses 69.9 91.7 132.9 153.1
Other theatre        
Revenues        
Total revenues $ 99.1 $ 115.6 $ 198.8 $ 207.2

Source