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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance Table

The following is disclosure pursuant to the SEC's pay versus performance rules ("PVP Rules"). The PVP Rules create a new definition of pay referred to as Compensation Actually Paid ("CAP"), which is compared to certain performance measures as defined by the SEC. The amounts set forth below in the required table are calculated pursuant to SEC rules but do not represent amounts that have actually been earned or realized by our NEOs. Performance conditions for some of these awards have not yet been satisfied. The Compensation Committee does not utilize CAP as the basis for making compensation decisions. For a more detailed discussion on our compensation philosophy, please refer to Compensation Discussion and Analysis beginning on page 30.



Pay Versus Performance Table

(a)	(b)	(c)	(d)	(e)	(f)	(g)	(h)	(i)

					Value of Initial Fixed $100 Investment Based on:
Year	SCT Total for CEO ($)(1)	CAP to CEO ($)(2)	Average SCT Total for Non- CEO NEOs ($)(3)	Average CAP to Non-CEO NEOs ($)(2)	Total Shareholder Return ($)	Peer Group Total Shareholder Return ($)(5)	Net Income ($)	Adjusted EBITDA (in millions) ($)(6)

2024	$9,820,030	$27,325,767	$2,724,948	$6,842,034	$92.95	$195.60	$309,700,000	$590.2

2023	8,802,493	12,197,702	2,636,775	3,544,836	42.28	154.34	188,200,000	594.1

2022	5,954,650	3,332,400	2,304,413	1,249,438	25.98	124.11	(271,200,000)	336.5

2021	7,753,272	6,762,279	2,767,255	1,630,054	48.36	152.43	(422,800,000)	80.0

2020	6,915,289	1,877,986	1,883,730	946,890	52.24	118.35	(616,800,000)	(276.9)

(1)

For 2022, 2023 and 2024, our CEO was Sean Gamble. For 2021 and 2020, our CEO was Mark Zoradi.

(2)

The table below sets forth the adjustments to Total Compensation as reported in the Summary Compensation Tables used in calculating the CAP for each applicable year. Fair value, or changes in fair value, of equity awards was determined by reference to prices on applicable year-end dates or the actual vesting dates. For 2021, all of the outstanding unvested equity awards for Mark Zoradi vested at the end of the term of his employment agreement on December 31, 2021.


		CEO						Average for Non-CEO NEOs
	2024	2023	2022	2021	2020		2024	2023	2022	2021	2020

SCT Total	$9,820,030	$8,802,493	$5,954,650	$7,753,272	$6,915,289		$2,724,948	$2,636,775	$2,304,413	$2,767,255	$1,883,730

Less, value of Stock Awards reported in SCT	$5,849,984	$5,399,991	$3,628,435	$4,571,726	$5,857,524		$1,070,792	$1,069,987	$936,305	$2,057,955	$1,301,064

Plus, year-end fair value of current year Equity Awards	$11,030,584	$6,514,202	$1,887,222	$3,650,260	$4,079,720		$2,019,060	$1,290,763	$486,991	$1,016,649	$1,076,099

Plus, year-over-year change in fair value of outstanding unvested Equity Awards	$12,042,148	$2,017,153	($944,003)	—	($2,167,088)		$2,933,058	$527,645	($590,280)	($59,102)	($451,356)

Plus, year-over-year change in fair value of Equity Awards granted in prior year that vested in the year	$282,989	$263,845	$62,966	($69,527)	($1,092,411)		$235,760	$159,640	($15,381)	($36,793)	($260,519)

Compensation actually paid	$27,325,767	$12,197,702	$3,332,400	$6,762,279	$1,877,986		$6,842,034	$3,544,836	$1,249,438	$1,630,054	$946,890

(3)

For 2022, 2023 and 2024, our Non-CEO NEOs included Melissa Thomas, Executive Vice President – Chief Financial Officer; Michael Cavalier, Executive Vice President – General Counsel; Valmir Fernandes, President – Cinemark International; and Wanda Gierhart, Chief Marketing and Content Officer. For 2021 and 2020 our Non-CEO NEOs included Lee Roy Mitchell, Executive Chairman of the Board; Sean Gamble, Executive Vice President – Chief Financial Officer and Chief Operating Officer; Michael Cavalier, Executive Vice President – General Counsel; and Valmir Fernandes, President – Cinemark International.

(5)

For the fiscal years ended 2020, 2021, 2022 2023 and 2024, the peer group TSR includes the S&P 500 Index, AMC Entertainment Holdings, Inc. and IMAX Corporation, two other publicly held companies in our industry with whom we compete for investor capital. The amounts shown set forth the total shareholder return assuming reinvestment of dividends during the 4-year period ended 12/31/24, 12/31/23, 12/31/22, 12/31/21 and 12/31/20, respectively, weighted based upon the S&P Index and AMC and IMAX’s stock market capitalization at the beginning of each period for which a return is indicated.

(6)

Adjusted EBITDA is a non-GAAP measure used by management and our board of directors to assess our financial performance and enterprise value. Adjusted EBITDA is considered a key performance in our industry. Annex A sets forth our reconciliation of Adjusted EBITDA (in millions).

Company Selected Measure Name

AdjustedEBITDA

Named Executive Officers, Footnote

(3)

For 2022, 2023 and 2024, our Non-CEO NEOs included Melissa Thomas, Executive Vice President – Chief Financial Officer; Michael Cavalier, Executive Vice President – General Counsel; Valmir Fernandes, President – Cinemark International; and Wanda Gierhart, Chief Marketing and Content Officer. For 2021 and 2020 our Non-CEO NEOs included Lee Roy Mitchell, Executive Chairman of the Board; Sean Gamble, Executive Vice President – Chief Financial Officer and Chief Operating Officer; Michael Cavalier, Executive Vice President – General Counsel; and Valmir Fernandes, President – Cinemark International.

Peer Group Issuers, Footnote

(5)

For the fiscal years ended 2020, 2021, 2022 2023 and 2024, the peer group TSR includes the S&P 500 Index, AMC Entertainment Holdings, Inc. and IMAX Corporation, two other publicly held companies in our industry with whom we compete for investor capital. The amounts shown set forth the total shareholder return assuming reinvestment of dividends during the 4-year period ended 12/31/24, 12/31/23, 12/31/22, 12/31/21 and 12/31/20, respectively, weighted based upon the S&P Index and AMC and IMAX’s stock market capitalization at the beginning of each period for which a return is indicated.

PEO Total Compensation Amount

$ 9,820,030

$ 8,802,493

$ 5,954,650

$ 7,753,272

$ 6,915,289

PEO Actually Paid Compensation Amount

$ 27,325,767

12,197,702

3,332,400

6,762,279

1,877,986

Adjustment To PEO Compensation, Footnote

(2)

The table below sets forth the adjustments to Total Compensation as reported in the Summary Compensation Tables used in calculating the CAP for each applicable year. Fair value, or changes in fair value, of equity awards was determined by reference to prices on applicable year-end dates or the actual vesting dates. For 2021, all of the outstanding unvested equity awards for Mark Zoradi vested at the end of the term of his employment agreement on December 31, 2021.


		CEO						Average for Non-CEO NEOs
	2024	2023	2022	2021	2020		2024	2023	2022	2021	2020

SCT Total	$9,820,030	$8,802,493	$5,954,650	$7,753,272	$6,915,289		$2,724,948	$2,636,775	$2,304,413	$2,767,255	$1,883,730

Less, value of Stock Awards reported in SCT	$5,849,984	$5,399,991	$3,628,435	$4,571,726	$5,857,524		$1,070,792	$1,069,987	$936,305	$2,057,955	$1,301,064

Plus, year-end fair value of current year Equity Awards	$11,030,584	$6,514,202	$1,887,222	$3,650,260	$4,079,720		$2,019,060	$1,290,763	$486,991	$1,016,649	$1,076,099

Plus, year-over-year change in fair value of outstanding unvested Equity Awards	$12,042,148	$2,017,153	($944,003)	—	($2,167,088)		$2,933,058	$527,645	($590,280)	($59,102)	($451,356)

Plus, year-over-year change in fair value of Equity Awards granted in prior year that vested in the year	$282,989	$263,845	$62,966	($69,527)	($1,092,411)		$235,760	$159,640	($15,381)	($36,793)	($260,519)

Compensation actually paid	$27,325,767	$12,197,702	$3,332,400	$6,762,279	$1,877,986		$6,842,034	$3,544,836	$1,249,438	$1,630,054	$946,890

Non-PEO NEO Average Total Compensation Amount

$ 2,724,948

2,636,775

2,304,413

2,767,255

1,883,730

Non-PEO NEO Average Compensation Actually Paid Amount

$ 6,842,034

3,544,836

1,249,438

1,630,054

946,890

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Amount

$ 92.95

42.28

25.98

48.36

52.24

Peer Group Total Shareholder Return Amount

195.6

154.34

124.11

152.43

118.35

Net Income (Loss)

$ 309,700,000

$ 188,200,000

$ (271,200,000)

$ (422,800,000)

$ (616,800,000)

Company Selected Measure Amount

590,200,000

594,100,000

336,500,000

80,000,000

(276,900,000)

Sean Gamble

Sean Gamble

Sean Gamble

Mark Zoradi

Mark Zoradi

Pay vs Performance Disclosure

Adjusted EBITDA

Non-GAAP Measure Description

Adjusted EBITDA is a non-GAAP measure used by management and our board of directors to assess our financial performance and enterprise value. Adjusted EBITDA is considered a key performance in our industry. Annex A sets forth our reconciliation of Adjusted EBITDA (in millions).

Pay vs Performance Disclosure

Revenues

Pay vs Performance Disclosure

Cash Flow

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (5,849,984)

$ (5,399,991)

$ (3,628,435)

$ (4,571,726)

$ (5,857,524)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

11,030,584

6,514,202

1,887,222

3,650,260

4,079,720

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

12,042,148

2,017,153

(944,003)

0

(2,167,088)

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

282,989

263,845

62,966

(69,527)

(1,092,411)

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,070,792)

(1,069,987)

(936,305)

(2,057,955)

(1,301,064)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

2,019,060

1,290,763

486,991

1,016,649

1,076,099

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

2,933,058

527,645

(590,280)

(59,102)

(451,356)

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 235,760

$ 159,640

$ (15,381)

$ (36,793)

$ (260,519)