Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of computations of basic and diluted loss per share

The following table presents computations of basic and diluted earnings per share for Holdings:


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2024			2023			2024			2023
Numerator:
Net income attributable to Cinemark Holdings, Inc.	$	45.8		$	119.1		$	70.6		$	116.0
Income allocated to participating share-based awards (1)		(0.9	)		(2.3	)		(1.2	)		(1.9	)
Basic net income attributable to common stockholders	$	44.9		$	116.8		$	69.4		$	114.1
Add: Interest expense on convertible notes, net of tax		4.7			4.6			9.4			9.8
Diluted net income attributable to common stockholders	$	49.6		$	121.4		$	78.8		$	123.9

Denominator:
Basic weighted average shares outstanding		119.9			119.1			119.7			118.9
Common equivalent shares for performance stock units		1.5			0.6			1.6			0.6
Common equivalent shares for convertible notes		32.0			32.0			32.0			32.0
Common equivalent shares for warrants (2)		—			—			—			—
Diluted weighted average shares outstanding		153.4			151.7			153.3			151.5

Basic earnings per share attributable to common stockholders	$	0.37		$	0.98		$	0.58		$	0.96
Diluted earnings per share attributable to common stockholders	$	0.32		$	0.80		$	0.51		$	0.82

(1)

For the three months ended June 30, 2024 and 2023, a weighted average of approximately 2.34 shares and 2.40 shares of restricted stock, respectively, were considered participating securities. For the six months ended June 30, 2024 and 2023, a weighted average of approximately 2.09 shares and 2.03 shares of restricted stock, respectively, were considered participating securities.

(2)

For all periods presented, diluted earnings per share excludes the warrants, as they would be anti-dilutive.