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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
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,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Cinemark Holdings, Inc.

 

$

93.5

 

 

$

45.8

 

 

$

54.6

 

 

$

70.6

 

Income allocated to participating share-based awards (1)

 

 

(1.2

)

 

 

(0.9

)

 

 

(0.6

)

 

 

(1.2

)

Basic net income attributable to common stockholders

 

$

92.3

 

 

$

44.9

 

 

$

54.0

 

 

$

69.4

 

Add: Interest expense on convertible notes, net of tax

 

 

1.8

 

 

 

4.7

 

 

 

5.4

 

 

 

9.4

 

Diluted net income attributable to common stockholders

 

$

94.1

 

 

$

49.6

 

 

$

59.4

 

 

$

78.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

113.5

 

 

 

119.9

 

 

 

116.4

 

 

 

119.7

 

Common equivalent shares for performance stock units

 

 

1.8

 

 

 

1.5

 

 

 

2.0

 

 

 

1.6

 

Common equivalent shares for restricted stock units

 

 

—

 

 

 

—

 

 

 

0.1

 

 

 

—

 

Common equivalent shares for convertible notes (2)

 

 

25.0

 

 

 

32.0

 

 

 

28.6

 

 

 

32.0

 

Common equivalent shares for warrants (3)

 

 

8.8

 

 

 

—

 

 

 

7.9

 

 

 

—

 

Diluted weighted average shares outstanding

 

 

149.1

 

 

 

153.4

 

 

 

155.0

 

 

 

153.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share attributable to common stockholders

 

$

0.81

 

 

$

0.37

 

 

$

0.46

 

 

$

0.58

 

Diluted earnings per share attributable to common stockholders

 

$

0.63

 

 

$

0.32

 

 

$

0.38

 

 

$

0.51

 
(1)
For the three months ended June 30, 2025 and 2024, a weighted average of approximately 1.48 shares and 2.34 shares of restricted stock, respectively, were considered participating securities. For the six months ended June 30, 2025 and 2024, a weighted average of approximately 1.34 shares and 2.09 shares of restricted stock, respectively, were considered participating securities.
(2)
For all periods presented, the diluted earnings per share excludes the convertible note hedge transactions, as they would be anti-dilutive.
(3)
For the three and six months ended June 30, 2024, diluted earnings per share excludes the warrants, as they would be anti-dilutive since the strike price exceeded the average price of Holdings’ common stock during the relevant periods.