AMC Entertainment (AMC) 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 02, 2019
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2019
Entity File Number	001-33892
Entity Registrant Name	AMC ENTERTAINMENT HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-0303916
Entity Address, Address Line One	One AMC Way
Entity Address, Address Line Two	11500 Ash Street
Entity Address, City or Town	Leawood
Entity Address, State or Province	KS
Entity Address, Postal Zip Code	66211
City Area Code	913
Local Phone Number	213-2000
Title of 12(b) Security	Class A common stock
Trading Symbol	AMC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001411579
Amendment Flag	false
Class A common stock
Entity Common Stock, Shares Outstanding		52,080,077
Class B common stock
Entity Common Stock, Shares Outstanding		51,769,784

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues
Revenue	$ 1,506.1	$ 1,442.5	$ 2,706.5	$ 2,826.1
Operating costs and expenses
Operating expenses, excluding depreciation and amortization below	437.4	424.5	840.2	836.4
Rent	245.9	199.7	487.9	389.4
General and administrative:
Merger, acquisition and transaction costs	3.2	4.3	6.5	9
Other, excluding depreciation and amortization below	43.2	43	89.4	87.2
Depreciation and amortization	112	137.7	225	268.2
Operating costs and expenses	1,400.6	1,352.8	2,634.7	2,626.5
Operating income (loss)	105.5	89.7	71.8	199.6
Other expense (income)
Other expense (income)	(23.4)	2.2	6.4	3.4
Interest expense:
Corporate borrowings	74.2	62.2	145.5	123.9
Capital and financing lease obligations	2.1	9.8	4.2	20.1
Non-cash NCM exhibitor services agreement	10.1	10.4	20.3	20.9
Equity in (earnings) loss of non-consolidated entities	(10.2)	(13)	(16.7)	(4)
Investment (income) expense	(2.1)	(1.5)	(18.2)	(6.7)
Total other expense	50.7	70.1	141.5	157.6
Earnings (loss) before income taxes	54.8	19.6	(69.7)	42
Income tax provision (benefit)	5.4	(2.6)	11.1	2.1
Net earnings (loss)	$ 49.4	$ 22.2	$ (80.8)	$ 39.9
Earnings (loss) per share:
Basic	$ 0.48	$ 0.17	$ (0.78)	$ 0.31
Diluted	$ 0.17	$ 0.17	$ (0.78)	$ 0.31
Average shares outstanding:
Basic (in thousands)	103,845	128,039	103,814	128,042
Diluted (in thousands)	135,528	128,105	103,814	128,042
Admissions
Revenues
Revenue	$ 895.5	$ 896.3	$ 1,627	$ 1,771.3
Operating costs and expenses
Operating costs and expenses	482.5	471.4	847.8	897.9
Food and beverage
Revenues
Revenue	492.5	445.8	861.3	851.6
Operating costs and expenses
Operating costs and expenses	76.4	72.2	137.9	138.4
Total other theatre
Revenues
Revenue	$ 118.1	$ 100.4	$ 218.2	$ 203.2

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Comprehensive income
Net earnings (loss) for basic earnings (loss) per share	$ 49.4	$ (130.2)	$ 22.2	$ 17.7	$ (80.8)	$ 39.9
Unrealized foreign currency translation adjustment, net of tax	(9.3)		(107.6)		(34.7)	(95.9)
Realized loss on foreign currency transactions, net of tax	0.1		1		0.6	1
Pension and other benefit adjustments:
Net loss arising during the period, net of tax	0.1		(0.4)		0.1	(1.5)
Equity method investees' cash flow hedge:
Unrealized net holding gain (loss) arising during the period, net of tax	(0.1)				(0.1)	0.2
Realized net loss (gain) reclassified into equity in earnings of non-consolidated entities, net of tax			(0.2)			(0.3)
Other comprehensive income (loss), net of tax	(9.2)	$ (24.9)	(107.2)	$ 10.7	(34.1)	(96.5)
Total comprehensive income (loss)	$ 40.2		$ (85)		$ (114.9)	$ (56.6)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 190.5	$ 313.3
Restricted cash	10.7	10.7
Receivables, net	228.5	259.5
Other current assets	160.3	197.8
Total current assets	590	781.3
Property, net	2,613.9	3,039.6
Operating lease right-of-use assets	4,798.9
Intangible assets, net	197.6	352.1
Goodwill	4,763	4,788.7
Deferred tax asset, net	31.1	28.6
Other long-term assets	520.4	505.5
Total assets	13,514.9	9,495.8
Current liabilities:
Accounts payable	423.2	452.6
Accrued expenses and other liabilities	317.8	378.5
Deferred revenues and income	369.8	414.8
Current maturities of corporate borrowings	21.4	15.2
Current maturities of of finance lease liabilities	10.9
Current maturities of operating lease liabilities	570.8
Current maturities of corporate borrowings and lease liabilities		67
Total current liabilities	1,713.9	1,328.1
Corporate borrowings	4,713.1	4,707.8
Finance lease liability	109.4	493.2
Operating lease liability	4,852
Exhibitor services agreement	557.7	564
Deferred tax liability, net	51.7	41.6
Other long-term liabilities	192	963.1
Total liabilities	12,189.8	8,097.8
Commitments and contingencies
Temporary Equity
Class A common stock (temporary equity) ($.01 par value, 0 shares issued; 0 shares outstanding as of June 30, 2019 and 75,712 shares issued; 38,943 shares outstanding as of December 31, 2018)		0.4
Stockholders' equity:
Additional paid-in capital	2,006.8	1,998.4
Treasury stock (3,732,625 shares as of June 30, 2019 and December 31, 2018, at cost)	(56.4)	(56.4)
Accumulated other comprehensive income (loss)	(28.6)	5.5
Accumulated earnings	(597.7)	(550.9)
Total stockholders' equity	1,325.1	1,397.6
Total liabilities and stockholders' equity	13,514.9	9,495.8
Class A common stock
Stockholders' equity:
Common stock value	0.5	0.5
Total stockholders' equity	0.5	0.5
Class B common stock
Stockholders' equity:
Common stock value	$ 0.5	$ 0.5

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Common stock (temporary equity), par value (in dollars per share)	$ 0.01	$ 0.01
Common stock (temporary equity), shares issued (in shares)	0	75,712
Common stock (temporary equity), shares outstanding (in shares)	0	38,943
Treasury stock, shares	3,732,625	3,732,625
Class A common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, share authorized (in shares)	524,173,073	524,173,073
Common stock, shares issued (in shares)	55,809,037	55,401,325
Common stock, shares outstanding (in shares)	52,076,412	51,705,469
Class B common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, share authorized (in shares)	75,826,927	75,826,927
Common stock, shares issued (in shares)	51,769,784	51,769,784
Common stock, shares outstanding (in shares)	51,769,784	51,769,784

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net earnings (loss)	$ (80.8)	$ 39.9
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	225	268.2
Deferred income taxes	8.9	(2)
Amortization of premium on corporate borrowings	5	(1.7)
Amortization of deferred charges to interest expense	7.8	7.5
Non-cash portion of stock-based compensation	9.4	6.8
Gain on dispositions	(16)	(2.8)
(Gain) loss on disposition		(1.1)
Gain on derivative asset and derivative liability	(12.6)
Loss on repayment of indebtedness	16.6
Equity in loss from non-consolidated entities, net of distributions	(7.8)	5.4
NCM held-for-sale impairment loss		16
Landlord contributions	64.8	72.3
Non-cash rent - purchase accounting	13.4
Deferred rent	(29.4)	(64.7)
Net periodic benefit cost (credit)	0.6	0.1
Change in assets and liabilities, excluding acquisitions:
Receivables	32	82.3
Other assets	18.6	(6.7)
Accounts payable	(35.7)	(42)
Accrued expenses and other liabilities	(64)	(79)
Other, net	(2.2)	(1.4)
Net cash provided by operating activities	153.6	297.1
Cash flows from investing activities:
Capital expenditures	(229.9)	(241.1)
Proceeds from sale leaseback transaction		50.1
Proceeds from disposition		7.1
Acquisition of theatre assets	(11.8)
Proceeds from disposition of long-term assets	21.3	13.5
Investments in non-consolidated entities, net	(0.1)	(10.7)
Other, net	(0.8)	(0.4)
Net cash used in investing activities	(221.3)	(181.5)
Cash flows from financing activities:
Call premiums paid for Senior Secured Notes due 2023 and Senior Subordinated Notes due 2022	(15.9)
Principal payments under Term Loan	(11.9)	(6.9)
Repayments under revolving credit facilies	(12)
Principal payments under capital and financing lease obligations	(6.1)	(35.9)
Cash used to pay for deferred financing costs	(11.2)	(2.2)
Cash used to pay dividends	(42.6)	(51.4)
Taxes paid for restricted unit withholdings	(1.3)	(1.7)
Purchase of treasury stock		(19.8)
Net cash provided by (used in) financing activities	(54.5)	(117.9)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(0.6)	11.4
Net increase (decrease) in cash, cash equivalents, and restricted cash	(122.8)	9.1
Cash and cash equivalents, and restricted cash at beginning of period	324	318.3
Cash and cash equivalents, and restricted cash at end of period	201.2	327.4
Cash paid during the period for:
Interest (including amounts capitalized of $0.4 million and $0.3 million)	146.2	138.3
Income taxes paid, net	(2)	8.4
Schedule of non-cash activities:
Investment in NCM (See Note 5-Investments)	1.3	(6.3)
Construction payables at period end	87.4	92
Accrued treasury stock payable at period end		1.9
Senior Secured Credit Facility Term-Loan Due 2026
Cash flows from financing activities:
Proceeds from issuance of Term Loan Due 2026	1,990
Senior Secured Credit Facility Term Loans Due 2022 And 2023
Cash flows from financing activities:
Principal payments under Term Loan	(1,338.5)
6.0% Senior Secured Notes due 2023
Cash flows from financing activities:
Payments of Senior Subordinated Notes	(230)
5.875% Senior Subordinated Notes due 2022
Cash flows from financing activities:
Payments of Senior Subordinated Notes	$ (375)
NCM
Cash flows from investing activities:
Proceeds from disposition of long-term assets		$ 13.5

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
CONSOLIDATED STATEMENTS OF CASH FLOWS
Interest, capitalized	$ 0.4	$ 0.3

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2019
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 1—BASIS OF PRESENTATION ​ AMC Entertainment Holdings, Inc. (“Holdings”), through its direct and indirect subsidiaries, including American Multi-Cinema, Inc. and its subsidiaries, (collectively with Holdings, unless the context otherwise requires, the “Company” or “AMC”), is principally involved in the theatrical exhibition business and owns, operates or has interests in theatres located in the United States and Europe. Holdings is an indirect subsidiary of Dalian Wanda Group Co., Ltd. (“Wanda”), a Chinese private conglomerate. ​ As of June 30, 2019, Wanda owned approximately 49.85% of Holdings’ outstanding common stock and 74.89% of the combined voting power of Holdings’ outstanding common stock and has the power to control Holdings’ affairs and policies, including with respect to the election of directors (and, through the election of directors, the appointment of management), entering into mergers, sales of substantially all of the Company’s assets and other extraordinary transactions. ​ Use of Estimates: The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. ​ ​ Principles of Consolidation: The accompanying unaudited condensed consolidated financial statements include the accounts of Holdings and all subsidiaries, as discussed above, and should be read in conjunction with the Company’s Annual Report on Form 10–K for the year ended December 31, 2018. The accompanying condensed consolidated balance sheet as of December 31, 2018, which was derived from audited financial statements, and the unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and in accordance with the instructions to Form 10–Q. Accordingly, they do not include all of the information and footnotes required by the accounting principles generally accepted in the United States of America for complete consolidated financial statements. In the opinion of management, these interim financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair statement of the Company’s financial position and results of operations. All significant intercompany balances and transactions have been eliminated in consolidation. There are no ​ Accumulated depreciation and amortization: Accumulated depreciation was ​ Other expense (income): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In thousands) ​ June 30, 2019 ​ June 30, 2018 ​ June 30, 2019 ​ June 30, 2018 Derivative liability fair value adjustment for embedded conversion feature in the Convertible Notes due 2024 ​ $ (33.9) ​ $ — ​ $ (20.6) ​ $ — Derivative asset fair value adjustment for contingent call option related to the Class B common stock purchase and cancellation agreement ​ ​ (7.1) ​ ​ — ​ ​ 8.0 ​ ​ — Loss on Pound sterling forward contract ​ ​ 0.7 ​ ​ 0.8 ​ ​ 1.0 ​ ​ 0.4 Foreign currency transactions losses ​ ​ 0.1 ​ ​ 1.0 ​ ​ 0.6 ​ ​ 1.0 Non-operating components of net periodic benefit cost ​ ​ 0.4 ​ ​ 0.1 ​ ​ 0.5 ​ ​ 0.1 Loss on repayment of indebtedness ​ ​ 16.6 ​ ​ — ​ ​ 16.6 ​ ​ — Other ​ ​ (0.2) ​ ​ 0.3 ​ ​ 0.3 ​ ​ 1.9 Total other expense (income) ​ $ (23.4) ​ $ 2.2 ​ $ 6.4 ​ $ 3.4 ​ Accounting Pronouncements Recently Adopted ​ Leases. — ​ Accounting Pronouncements Issued Not Yet Adopted ​ Financial Instruments. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which provides new guidance regarding the measurement and recognition of credit impairment for certain financial assets. Such guidance will impact how the Company determines its allowance for estimated uncollectible receivables and evaluates its available-for-sale investments for impairment. ASU 2016-13 is effective for the Company in the first quarter of 2020. The Company is currently evaluating the effect that ASU 2016-13 will have on its consolidated financial statements and related disclosures. ​ Fair Value Measurement. ​ Cloud Computing Arrangement. retrospectively in accordance with ASC 250-10-45. The Company is currently evaluating the effect that ASU 2018-15 will have on its consolidated financial statements.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2019
LEASES
LEASES	NOTE 2—LEASES ​ The Company adopted ASC 842 on January 1, 2019 using the modified retrospective transition method; and therefore, the comparative information has not been adjusted for the three months and six months ended June 30, 2018 or as of December 31, 2018. Upon transition to the new standard, the Company elected the package of practical expedients, which permitted the Company not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. ​ The Company leases theatres and equipment under operating and finance leases. The majority of the Company’s operations are conducted in premises occupied under lease agreements with initial base terms ranging generally from 12 to 15 years, with certain leases containing options to extend the leases for up to an additional 20 years. The Company typically does not believe that exercise of the renewal options is reasonably assured at the inception of the lease agreements and, therefore, considers the initial base term as the lease term. Lease terms vary but generally the leases provide for fixed and escalating rentals, contingent escalating rentals based on the Consumer Price Index and other indexes not to exceed certain specified amounts and variable rentals based on a percentage of revenues. The Company often receives contributions from landlords for renovations at existing locations. The Company records the amounts received from landlords as an adjustment to the right-of-use asset and amortizes the balance as a reduction to rent expense over the base term of the lease agreement. ​ Operating lease right-of-use assets and lease liabilities were recognized at commencement date based on the present value of minimum lease payments over the remaining lease term. The minimum lease payments include base rent and other fixed payments, including fixed maintenance costs. The Company’s leases have remaining lease terms of approximately 1 year to 25 years, which may include the option to extend the lease when it is reasonably certain the Company will exercise that option. The present value of the lease payments is calculated using the incremental borrowing rate for operating leases, which was determined using a portfolio approach based on the rate of interest that the Company would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. Operating lease expense is recognized on a straight-line basis over the lease term. ​ The Company elected the practical expedient to not separate lease and non-lease components and also elected the short-term practical expedient for all leases that qualify. As a result, the Company will not recognize right-of-use assets or liabilities for short-term leases that qualify for the short-term practical expedient, but instead will recognize the lease payments as lease cost on a straight-line basis over the lease term. The Company’s lease agreements do not contain residual value guarantees. Short-term leases and sublease arrangements are immaterial. Equipment leases primarily consist of digital projectors and food and beverage equipment. ​ As a result of adopting ASC 842, the Company’s condensed consolidated balance sheet includes additional operating ROU assets and total operating lease liabilities of $4,798.9 million and $5,422.8 million, respectively, at June 30, 2019. The difference between the ROU assets and total lease liabilities upon initial measurement at January 1, 2019, was primarily due to the reclassification of (i) deferred rent, landlord allowances, unfavorable lease balances, and theatre closure liabilities previously recorded in other long-term liabilities, (ii) current portions of theatre closure liabilities previously recorded in accrued expenses and other liabilities; (iii) favorable lease balances previously recorded in intangible assets; and, (iv) prepaid rents recorded in other current assets within the condensed consolidated balance sheets as an offset or addition to the opening ROU asset balances, as required by ASC 842. ​ The following table provides the operating and finance ROU assets and lease liabilities: ​ ​ ​ ​ ​ ​ ​ (In millions) ​ Balance Sheet Classification ​ June 30, 2019 Assets ​ ​ ​ ​ Operating lease right-of-use assets (1) ​ Operating lease right-of-use assets ​ $ 4,798.9 Finance lease right-of-use assets (2) ​ Property, net ​ ​ 92.8 Total leased assets ​ ​ ​ $ 4,891.7 ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ Current ​ ​ ​ ​ ​ Operating lease liabilities (1) ​ Current maturities of operating lease liabilities ​ $ 570.8 Finance lease liabilities (2) ​ Current maturities of finance lease liabilities ​ ​ 10.9 Noncurrent ​ ​ ​ ​ ​ Operating lease liabilities (1) ​ Operating lease liabilities ​ ​ 4,852.0 Finance lease liabilities (2) ​ Finance lease liabilities ​ ​ 109.4 Total lease liabilities ​ ​ ​ $ 5,543.1 (1) ​ (2) ​ The cumulative effect adjustment to accumulated deficit at January 1, 2019 is as follows: ​ ​ ​ ​ ​ ​ ​ Accumulated (In millions) ​ Deficit Balance as of December 31, 2018 ​ $ (550.9) Derecognition of existing assets for certain sale leaseback transactions previously recorded in property, net ​ ​ (405.9) Derecognition of existing liabilities for certain sale leaseback transactions previously recorded in current maturities of corporate borrowings and capital and financing lease obligations ​ ​ 427.5 Derecognition of deferred gains from the sale and leaseback transactions previously recorded in other long-term liabilities ​ ​ 102.4 Difference in fair value compared to the basis of the right-of-use assets for previously impaired asset groups ​ ​ (49.0) Deferred taxes ​ ​ 1.2 Cumulative effect adjustment to accumulated deficit ​ ​ 76.2 Balance as of January 1, 2019 ​ $ (474.7) ​ The following is the impact of the adoption of ASC 842 on the Company’s condensed consolidated statement of operations for the three months ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2019 ​ ​ Without Adoption of ​ U.S. Markets ​ International Markets ​ ​ (In millions) ​ ASC 842 ​ Adjustments ​ Adjustments ​ As Reported Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rent (1)(2)(4) ​ $ 215.5 ​ $ 17.4 ​ $ 13.0 ​ $ 245.9 Depreciation and amortization (2)(3) ​ ​ 136.0 ​ ​ (13.4) ​ ​ (10.6) ​ ​ 112.0 Operating costs and expenses ​ ​ 1,394.2 ​ ​ 4.0 ​ ​ 2.4 ​ ​ 1,400.6 Operating income ​ ​ 111.9 ​ ​ (4.0) ​ ​ (2.4) ​ ​ 105.5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other expense (income) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital and financing lease obligations (1) ​ ​ 9.0 ​ ​ (3.3) ​ ​ (3.6) ​ ​ 2.1 Net earnings ​ ​ 48.9 ​ ​ (0.7) ​ ​ 1.2 ​ ​ 49.4 (1) ​ (2) ​ (3) ​ (4) ​ The following is the impact of the adoption of ASC 842 on the Company’s condensed consolidated statement of operations for the six months ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2019 ​ ​ Without Adoption of ​ U.S. Markets ​ International Markets ​ ​ (In millions) ​ ASC 842 ​ Adjustments ​ Adjustments ​ As Reported Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rent (1)(2)(4) ​ $ 427.1 ​ $ 34.8 ​ $ 26.0 ​ $ 487.9 Depreciation and amortization (2)(3) ​ ​ 273.0 ​ ​ (26.8) ​ ​ (21.2) ​ ​ 225.0 Operating costs and expenses ​ ​ 2,621.9 ​ ​ 8.0 ​ ​ 4.8 ​ ​ 2,634.7 Operating income ​ ​ 84.6 ​ ​ (8.0) ​ ​ (4.8) ​ ​ 71.8 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other expense (income) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital and financing lease obligations (1) ​ ​ 18.0 ​ ​ (6.6) ​ ​ (7.2) ​ ​ 4.2 Net loss ​ ​ (81.8) ​ ​ (1.4) ​ ​ 2.4 ​ ​ (80.8) (1) Cash rent payments for build-to-suit failed sale leasebacks of $22.0 million and $19.8 million for U.S. markets and International markets, respectively, are accounted for as operating leases under ASC 842 that were previously accounted for as financing leases under ASC 840. ​ (2) Non-cash amortization expense for favorable lease terms of $9.2 million and $6.2 million, for U.S. markets and international markets, respectively, reclassified to rent expense and amortized over the shorter base lease term under ASC 842. ​ (3) Depreciation on build-to-suit failed sale leaseback buildings that are eliminated upon adoption of ASC 842. ​ (4) Amortization of deferred gains on sale leaseback transactions of $3.6 million for U.S. markets is eliminated upon adoption of ASC 842. ​ The following table reflects the lease costs for the three and six months ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Condensed Consolidated ​ Three Months Ended ​ Six Months Ended (In millions) ​ Statement of Operations ​ June 30, 2019 ​ June 30, 2019 Operating lease cost ​ ​ ​ ​ ​ ​ ​ Theatre properties ​ Rent ​ $ 220.7 ​ $ 439.6 Theatre properties ​ Operating expense ​ ​ 1.2 ​ ​ 2.9 Equipment ​ Operating expense ​ ​ 3.5 ​ ​ 7.0 Office and other ​ General and administrative: other ​ ​ 1.4 ​ ​ 2.7 Finance lease cost ​ ​ ​ ​ ​ ​ ​ ​ Amortization of finance lease assets ​ Depreciation and amortization ​ ​ 2.5 ​ ​ 5.2 Interest on lease liabilities ​ Finance lease liabilities ​ ​ 2.1 ​ ​ 4.2 Variable lease cost ​ ​ ​ ​ ​ ​ ​ ​ Theatre properties ​ Rent ​ ​ 25.2 ​ ​ 48.3 Equipment ​ Operating expense ​ ​ 19.1 ​ ​ 29.8 Total lease cost ​ ​ ​ $ 275.7 ​ $ 539.7 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2019 ​ ​ Weighted Average ​ Weighted Average ​ ​ Remaining ​ Discount Lease Term and Discount Rate ​ Lease Term (years) ​ Rate Operating leases ​ ​ 10.0 ​ ​ 7.3% Finance leases ​ ​ 13.1 ​ ​ 6.4% ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended (In millions) ​ June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ Operating cash flows used in finance leases ​ $ (4.2) Operating cash flows used in operating lease cost ​ ​ (468.2) Financing cash flows used in finance leases ​ ​ (6.1) ​ ​ ​ ​ Landlord contributions: ​ ​ ​ Operating cashflows provided by operating leases ​ ​ 64.8 Supplemental disclosure of noncash leasing activities: ​ ​ ​ Right-of-use assets obtained in exchange for new operating lease liabilities (1) ​ ​ 115.5 (1) Includes lease extensions and an option exercise. ​ Minimum annual payments required under existing operating and finance lease liabilities, (net present value thereof) as of June 30, 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Lease ​ Financing Lease (In millions) ​ Payments (1)(2) ​ Payments Six months ended December 31, 2019 ​ $ 470.8 ​ $ 9.1 2020 ​ ​ 922.8 ​ ​ 18.3 2021 ​ ​ 863.2 ​ ​ 17.2 2022 ​ ​ 803.5 ​ ​ 16.8 2023 ​ ​ 709.6 ​ ​ 13.7 2024 ​ ​ 633.8 ​ ​ 12.5 Thereafter ​ ​ 3,321.2 ​ ​ 92.1 Total lease payments ​ ​ 7,724.9 ​ ​ 179.7 Less imputed interest ​ ​ (2,302.1) ​ ​ (59.4) Total ​ $ 5,422.8 ​ $ 120.3 (1) ​ (2) ​ ​ Minimum annual payments required under operating lease liabilities and capital and failed sale-leaseback, finance lease obligations, (net present value thereof) that have initial or remaining non-cancelable terms in excess of one year as of December 31, 2018 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital and Finance Lease Obligations ​ ​ Minimum Operating ​ Minimum Lease ​ ​ ​ ​ ​ ​ (In millions) ​ Lease Payments ​ Payments ​ Less Interest ​ Principal 2019 ​ $ 810.2 ​ $ 100.7 ​ $ 33.7 ​ $ 67.0 2020 ​ ​ 801.9 ​ ​ 96.6 ​ ​ 29.4 ​ ​ 67.2 2021 ​ ​ 748.9 ​ ​ 87.8 ​ ​ 25.2 ​ ​ 62.6 2022 ​ ​ 687.5 ​ ​ 82.7 ​ ​ 21.1 ​ ​ 61.6 2023 ​ ​ 597.1 ​ ​ 70.4 ​ ​ 17.3 ​ ​ 53.1 Thereafter ​ ​ 3,367.6 ​ ​ 331.5 ​ ​ 82.7 ​ ​ 248.8 Total minimum payments required ​ $ 7,013.2 ​ $ 769.7 ​ $ 209.4 ​ $ 560.3 ​ During the six months ended June 30, 2018, the Company modified the terms of an existing operating lease to reduce the lease term. The Company received a $35.0 million incentive from the landlord to enter into the new lease agreement. The Company has recorded amortization of the lease incentive as a reduction to rent expense on a straight-line basis over the remaining lease term which reduced rent expense by $10.8 million and $35.0 million during the three and six months ended June 30, 2018, respectively.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2019
REVENUE RECOGNITION
REVENUE RECOGNITION	NOTE 3—REVENUE RECOGNITION ​ Disaggregation of Revenue : ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended (In millions) ​ June 30, 2019 ​ June 30, 2018 Major revenue types ​ ​ ​ ​ Admissions ​ $ 895.5 ​ $ 896.3 Food and beverage ​ ​ 492.5 ​ ​ 445.8 Other theatre: ​ ​ ​ ​ ​ ​ Advertising ​ ​ 35.7 ​ ​ 33.7 Other theatre ​ ​ 82.4 ​ ​ 66.7 Other theatre ​ ​ 118.1 ​ ​ 100.4 Total revenues ​ $ 1,506.1 ​ $ 1,442.5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended (In millions) ​ June 30, 2019 ​ June 30, 2018 Timing of revenue recognition ​ ​ ​ ​ Products and services transferred at a point in time ​ $ 1,410.2 ​ $ 1,396.2 Products and services transferred over time (1) ​ ​ 95.9 ​ ​ 46.3 Total revenues ​ $ 1,506.1 ​ $ 1,442.5 (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ Six Months Ended (In millions) ​ June 30, 2019 ​ June 30, 2018 Major revenue types ​ ​ ​ ​ Admissions ​ $ 1,627.0 ​ $ 1,771.3 Food and beverage ​ ​ 861.3 ​ ​ 851.6 Other theatre: ​ ​ ​ ​ ​ ​ Advertising ​ ​ 70.2 ​ ​ 71.3 Other theatre ​ ​ 148.0 ​ ​ 131.9 Other theatre ​ ​ 218.2 ​ ​ 203.2 Total revenues ​ $ 2,706.5 ​ $ 2,826.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ Six Months Ended (In millions) ​ June 30, 2019 ​ June 30, 2018 Timing of revenue recognition ​ ​ ​ ​ Products and services transferred at a point in time ​ $ 2,520.2 ​ $ 2,729.4 Products and services transferred over time (1) ​ ​ 186.3 ​ ​ 96.7 Total revenues ​ $ 2,706.5 ​ $ 2,826.1 (1) Amounts primarily include subscription and advertising revenues. ​ The following tables provide the balances of receivables and deferred revenue income: ​ ​ ​ ​ ​ ​ ​ ​ (In millions) ​ June 30, 2019 ​ December 31, 2018 Current assets: ​ ​ ​ ​ ​ ​ Receivables related to contracts with customers ​ $ 123.3 ​ $ 183.2 Miscellaneous receivables ​ ​ 105.2 ​ ​ 76.3 Receivables, net ​ $ 228.5 ​ $ 259.5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In millions) ​ June 30, 2019 ​ December 31, 2018 Current liabilities: ​ ​ ​ ​ ​ ​ Deferred revenue related to contracts with customers ​ $ 366.5 ​ $ 412.8 Miscellaneous deferred income ​ ​ 3.3 ​ ​ 2.0 Deferred revenue and income ​ $ 369.8 ​ $ 414.8 ​ The significant changes in contract liabilities with customers included in deferred revenues and income are as follows: ​ ​ ​ ​ ​ ​ ​ Deferred Revenues ​ ​ Related to Contracts (In millions) ​ with Customers Balance as of December 31, 2018 ​ $ 412.8 Cash received in advance (1) ​ ​ 202.0 Customer loyalty rewards accumulated, net of expirations: ​ ​ ​ Admission revenues (2) ​ ​ 16.8 Food and beverage (2) ​ ​ 36.2 Other theatre (2) ​ ​ 1.8 Reclassification to revenue as the result of performance obligations satisfied: ​ ​ ​ Admission revenues (3) ​ ​ (204.0) Food and beverage (3) ​ ​ (49.4) Other theatre (4) ​ ​ (47.9) Disposition of Austria theatres ​ ​ (1.2) Foreign currency translation adjustment ​ ​ (0.6) Balance as of June 30, 2019 ​ $ 366.5 (1) ® ​ (2) ® ​ (3) ® ​ (4) ® ​ The significant changes to contract liabilities included in the exhibitor services agreement, classified as long-term liabilities in the condensed consolidated balance sheets, are as follows: ​ ​ ​ ​ ​ ​ ​ Exhibitor Services (In millions) ​ Agreement Balance as of December 31, 2018 $ 564.0 Common Unit Adjustment–additions of common units (1) ​ ​ 1.4 Reclassification of the beginning balance to other theatre revenue, as the result of performance obligations satisfied ​ ​ (7.7) Balance as of June 30, 2019 $ 557.7 (1) ​ Transaction Price Allocated to the Remaining Performance Obligations: ​ ​ ​ ​ ​ (In millions) ​ Exhibitor services agreement Six Months Ended December 31, 2019 ​ $ 8.0 Year Ended 2020 ​ ​ 16.9 Year Ended 2021 ​ ​ 18.1 Year Ended 2022 ​ ​ 19.5 Year Ended 2023 ​ ​ 20.9 Year Ended 2024 ​ ​ 22.5 Years Ended 2025 through February 2037 ​ ​ 451.8 Total ​ $ 557.7 ​ The total amount of non-redeemed gifts cards and exchange tickets included in deferred revenues and income as of June 30, 2019 was $272.3 million. This will be recognized as revenues as the gift cards and exchange tickets are redeemed or as the non-redeemed gift card and exchange ticket revenues are recognized in proportion to the pattern of actual redemptions, which is estimated to occur over the next 24 months. ​ As of June 30, 2019, the amount of deferred revenue allocated to the AMC Stubs ® ​ The Company applies the practical expedient in ASC 606-10-50-14 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.

GOODWILL

GOODWILL	6 Months Ended
	Jun. 30, 2019
GOODWILL
GOODWILL AND INTANGIBLE ASSETS	NOTE 4—GOODWILL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In millions) U.S. Markets International Markets ​ Total Balance as of December 31, 2018 ​ $ 3,072.6 ​ $ 1,716.1 ​ $ 4,788.7 Currency translation adjustment ​ ​ — ​ ​ (25.7) ​ ​ (25.7) Balance as of June 30, 2019 ​ $ 3,072.6 ​ $ 1,690.4 ​ $ 4,763.0 ​ ​ ​ ​

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2019
INVESTMENTS
INVESTMENTS	NOTE 5—INVESTMENTS ​ Investments in non-consolidated affiliates and certain other investments accounted for under the equity method generally include all entities in which the Company or its subsidiaries have significant influence, but not more than 50% voting control, and are recorded in the condensed consolidated balance sheets in other long-term assets. Investments in non-consolidated affiliates as of June 30, 2019 include interests in Digital Cinema Implementation Partners, LLC (“DCIP”) of 29.0%, Digital Cinema Distribution Coalition, LLC (“DCDC”) of 14.6%, AC JV, LLC (“AC JV”) owner of Fathom Events, of 32.0%, SV Holdco LLC, owner of Screenvision, 18.4%, and Digital Cinema Media Ltd. (“DCM”) of 50.0%. The Company also has partnership interests in four U.S. motion picture theatres (“Theatre Partnerships”) and approximately 50.0% interest in 58 theatres in Europe (“Nordic theatre JVs”) acquired in the Odeon and UCI Cinemas Holdings Limited (“Odeon”) and Nordic Cinema Group Holding AB (“Nordic”) acquisitions. Indebtedness held by equity method investees is non-recourse to the Company. ​ NCM Transaction. In March 2019, the NCM CUA resulted in a positive adjustment of 197,118 common units for the Company. The Company received the units and recorded the common units as an addition to deferred revenues for the ESA at fair value of $1.3 million, based upon a price per share of National CineMedia, Inc. (“NCM, Inc.”) of $7.24 ​ Equity in Earnings (Loss) of Non-Consolidated Entities ​ Aggregated condensed financial information of the Company’s significant non-consolidated equity method investment (DCIP) is shown below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In millions) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Revenues $ 48.0 $ 42.5 $ 85.7 $ 83.6 Operating costs and expenses ​ ​ 19.5 ​ ​ 20.3 ​ ​ 38.7 ​ ​ 39.9 Net earnings $ 28.5 $ 22.2 $ 47.0 $ 43.7 ​ ​ The components of the Company’s recorded equity in earnings of non-consolidated entities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In millions) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 NCM and NCM, Inc. ​ $ — ​ $ 5.8 ​ $ — ​ $ (11.6) DCIP ​ 9.0 ​ 6.8 ​ 14.6 ​ 13.5 Other ​ 1.2 ​ 0.4 ​ 2.1 ​ 2.1 The Company’s recorded equity in earnings ​ $ 10.2 ​ $ 13.0 ​ $ 16.7 ​ $ 4.0 ​ Digital Cinema Media. ​ The Company recorded the following related party transactions with DCM: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of As of (In millions) June 30, 2019 December 31, 2018 Due from DCM for on-screen advertising revenue ​ $ 2.4 ​ $ 2.8 Loan receivable from DCM ​ ​ 0.7 ​ ​ 0.6 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended Six Months Ended (In millions) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 DCM screen advertising revenues ​ $ 5.3 ​ $ 4.6 ​ $ 9.2 ​ $ 9.2 ​ DCIP Transactions. The Company pays equipment rent monthly and records the equipment rental expense on a straight-line basis over 12 years . ​ The Company recorded the following related party transactions with DCIP: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of As of ​ (In millions) June 30, 2019 December 31, 2018 Due from DCIP for warranty expenditures ​ $ 3.5 ​ $ 3.4 ​ Deferred rent liability for digital projectors ​ — ​ 7.8 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In millions) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Digital equipment rental expense ​ $ 0.8 ​ $ 1.5 ​ $ 1.9 ​ $ 3.0 ​ AC JV Transactions. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of As of ​ (In millions) ​ June 30, 2019 ​ December 31, 2018 Due to AC JV for Fathom Events programming ​ ​ 0.8 ​ ​ 2.5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In millions) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Film exhibition costs: ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross exhibition cost on Fathom Events programming ​ $ 2.8 ​ $ 2.3 ​ $ 10.1 ​ $ 5.0 ​ Screenvision Transactions. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of As of (In millions) June 30, 2019 December 31, 2018 Due from Screenvision for on-screen advertising revenue ​ $ 3.0 ​ $ 2.7 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended Six Months Ended (In millions) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Screenvision screen advertising revenues ​ $ 4.2 ​ $ 3.8 ​ $ 7.7 ​ $ 7.5 ​ Nordic JVs. The Company recorded the following related party transactions with the Nordic theatre JVs : ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of As of (In millions) June 30, 2019 December 31, 2018 Due from Nordic JVs ​ $ 2.3 ​ $ 2.6 Due to Nordic JVs for management services ​ ​ 2.1 ​ ​ 1.7 ​

CORPORATE BORROWINGS

CORPORATE BORROWINGS	6 Months Ended
	Jun. 30, 2019
CORPORATE BORROWINGS
CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS	NOTE 6—CORPORATE BORROWINGS ​ ​ ​ ​ ​ ​ ​ ​ ​ (In millions) June 30, 2019 December 31, 2018 Odeon Revolving Credit Facility Due 2022 (2.5% + Base Rate of 0.75% as of June 30, 2019) ​ $ — ​ $ 11.9 Senior Secured Credit Facility-Term Loan due 2026 (5.23% as of June 30, 2019) ​ ​ 1,995.0 ​ ​ — Senior Secured Credit Facility-Term Loan due 2022 ​ ​ — ​ ​ 854.2 Senior Secured Credit Facility-Term Loan due 2023 ​ ​ — ​ ​ 491.2 6.0% Senior Secured Notes due 2023 ​ ​ — ​ ​ 230.0 2.95% Senior Unsecured Convertible Notes due 2024 ​ ​ 600.0 ​ ​ 600.0 5.0% Promissory Note payable to NCM due 2019 ​ 1.3 ​ 1.3 5.875% Senior Subordinated Notes due 2022 ​ — ​ 375.0 6.375% Senior Subordinated Notes due 2024 (£500 million par value) ​ ​ 635.0 ​ ​ 634.1 5.75% Senior Subordinated Notes due 2025 ​ ​ 600.0 ​ ​ 600.0 5.875% Senior Subordinated Notes due 2026 ​ ​ 595.0 ​ ​ 595.0 6.125% Senior Subordinated Notes due 2027 ​ ​ 475.0 ​ ​ 475.0 Finance lease obligations ​ 120.3 ​ 560.3 Debt issuance costs ​ ​ (94.5) ​ ​ (104.4) Net discounts ​ ​ (75.7) ​ ​ (64.4) Derivative liability ​ ​ 3.4 ​ ​ 24.0 ​ ​ 4,854.8 ​ 5,283.2 Less: ​ ​ ​ ​ ​ ​ Current maturities corporate borrowings ​ ​ (21.4) ​ (15.2) Current maturities finance lease obligations ​ ​ (10.9) ​ ​ — Current maturities capital and financing lease obligations ​ ​ — ​ ​ (67.0) ​ ​ $ 4,822.5 ​ $ 5,201.0 ​ Senior Secured Credit Facility – Term Loan due 2026 ​ Facilities”). The loans were used to repay all of the Company’s existing term loans in an aggregate principal amount of approximately $1,338.5 million and to fund the redemptions of the 5.875% Senior Subordinated Notes due 2022 and the 6.0% Senior Secured Notes due 2023. The Company recorded a loss of $16.6 million related to these transactions, comprised of $14.1 million of extinguishment losses and $2.5 million of third party costs related to the modification of the Term Loans under the Senior Secured Credit Facility. ​ All obligations under the Credit Agreement are guaranteed by, subject to certain exceptions, each of the Company’s current and future wholly-owned material domestic restricted subsidiaries. All obligations under the Credit Agreement, and the guarantees of those obligations, are secured by substantially all of the assets of the Company and each guarantor, subject to customary exceptions, including: ​ ● a pledge of 100% of the equity interests directly held by the Company and each guarantor in any wholly-owned material subsidiary of the Company or any guarantor (which pledge, in the case of any non-U.S. subsidiary of a U.S. subsidiary, will not include more than 65% of the voting stock of such non-U.S. subsidiary), subject to certain exceptions; and ​ ● a security interest in substantially all other tangible and intangible assets of the Company and each guarantor, subject to certain exceptions. ​ ​ ● 50% (which percentage will be reduced to 0% if the Company attains a certain secured net leverage ratio) of the Company’s annual excess cash flow; ​ ● 100% of the net cash proceeds of certain non-ordinary course asset sales by the Company and its restricted subsidiaries (including casualty and condemnation events, subject to de minimis thresholds), and subject to the right to reinvest 100% of such proceeds, subject to certain qualifications; and ​ ● 100% of the net proceeds of any issuance or incurrence of debt by the Company or any of its restricted subsidiaries, other than certain debt permitted under the Credit Agreement. ​ The foregoing mandatory prepayments will be used to reduce the installments of principal on the Term Loan Facility. The Company may voluntarily repay outstanding loans under the Credit Facilities at any time without premium or penalty, except (1) for customary “breakage” costs with respect to LIBOR loans under the Credit Facilities and (2) during the six months following the Amendment Closing Date, with respect to certain voluntary prepayments or refinancings of the Term Loan Facility that reduce the effective yield of the Term Loan Facility, which will be subject to a 1.00% prepayment premium. ​ Borrowings under the Term Loan Facility will bear interest at a rate per annum equal to, at the Company’s option, either (1) an applicable margin plus a base rate determined by reference to the highest of (a) 0.50% per annum plus the Federal Funds Effective Rate, (b) the prime rate of Citi and (c) the LIBOR rate determined by reference to the cost of funds for U.S. dollar deposits for an interest period of one month adjusted for certain additional costs, plus 1.00% or (2) an applicable margin plus a LIBOR rate determined by reference to the costs of funds for U.S. dollar deposits for the interest period relevant to such borrowing adjusted for certain additional costs. Borrowings under the Revolving Credit Facility will bear interest at a rate per annum equal to an applicable margin based upon a leverage-based pricing grid, plus, at the Company’s option, either (1) a base rate determined by reference to the highest of (a) 0.50% per annum plus the Federal Funds Effective Rate, (b) the prime rate of Citi and (c) the LIBOR rate determined by reference to the cost of funds for U.S. dollar deposits for an interest period of one month adjusted for certain additional costs, plus 1.00% or (2) a LIBOR rate determined by reference to the costs of funds for U.S. dollar deposits for the interest period relevant to such borrowing adjusted for certain additional costs. As of the date hereof, the applicable margins for the LIBOR rate borrowings under the Term Loan Facility and the Revolving Credit Facility are 3.00% and 2.25% , respectively. ​ The Credit Agreement contains other customary terms, including (1) representations, warranties and affirmative covenants, (2) negative covenants, including limitations on indebtedness, liens, mergers and acquisitions, asset sales, investments, distributions, prepayments of subordinated debt and transactions with affiliates, in each case subject to baskets, thresholds and other exceptions, and (3) customary events of default. ​ The availability of certain baskets and the ability to enter into certain transactions will also be subject to compliance with certain financial ratios. In addition, the Revolving Credit Facility includes a maintenance covenant that requires, in certain circumstances, compliance with a certain secured leverage ratio. ​ Senior Unsecured Convertible Notes due 2024 ​ Carrying value (in millions) as of June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Value ​ ​ ​ ​ Carrying Value ​ ​ as of ​ Increase to ​ as of ​ ​ December 31, 2018 ​ Net Earnings (Loss) ​ June 30, 2019 Principal balance ​ $ 600.0 ​ $ — ​ $ 600.0 Discount ​ ​ (86.7) ​ ​ 6.3 ​ ​ (80.4) Debt issuance costs ​ ​ (13.0) ​ ​ 0.9 ​ ​ (12.1) Derivative liability ​ ​ 24.0 ​ ​ (20.6) ​ ​ 3.4 Carrying Value ​ $ 524.3 ​ $ (13.4) ​ $ 510.9 ​ On September 14, 2018, the Company issued $600.0 million aggregate principal amount of its 2.95% Senior Unsecured Convertible Notes due 2024 (the "Convertible Notes due 2024"). The Convertible Notes due 2024 mature on September 15, 2024, subject to earlier conversion by the holders thereof, repurchase by the Company at the option of the holders or redemption by the Company upon the occurrence of certain contingencies, as discussed below. Upon maturity, the $600.0 million principal amount of the Convertible Notes due 2024 will be payable in cash. The Company will pay interest in cash on the Convertible Notes due 2024 at 2.95% per annum, semi-annually in arrears on September 15th and March 15th, commencing on March 15, 2019. The Company used the net proceeds from the sale of the Convertible Notes due 2024 to repurchase and retire 24,057,143 shares of Class B common stock held by Wanda for $17.50 per share or approximately $421.0 million, associated legal fees of $2.6 million, and to pay a special dividend of $1.55 per share of Class A common stock and Class B common stock, or approximately $160.5 million on September 28, 2018 to shareholders of record on September 25, 2018. ​ The Company bifurcated the conversion feature from the principal balance of the Convertible Notes due 2024 as a derivative liability because (1) a conversion feature is not clearly and closely related to the debt instrument and the reset of the conversion price discussed in the following paragraph causes the conversion feature to not be considered indexed to the Company’s equity, (2) the conversion feature standing alone meets the definition of a derivative, and (3) the Convertible Notes due 2024 are not remeasured at fair value each reporting period with changes in fair value recorded in the condensed consolidated statement of operations. The initial derivative liability of $90.4 million is offset by a discount to the principal balance and is amortized to interest expense resulting in an effective rate of 5.98% over the term of the Convertible Notes due 2024. The Company also recorded debt issuance costs of approximately $13.6 million related to the issuance of the Convertible Notes due 2024 and will amortize those costs to interest expense under the effective interest method over the term of the Convertible Notes due 2024. The Company recorded interest expense for the three and six months ended June 30, 2019 of $8.0 million and $16.0 million, respectively. The derivative liability is remeasured at fair value each reporting period with changes in fair value recorded in the condensed consolidated statement of operations as other expense or income. See Note 9 — ​ The Convertible Notes due 2024 are generally not convertible to equity in the first year after issuance. Upon conversion by a holder thereof, the Company shall deliver, at its election, either cash, shares of the Company’s Class A common stock or a combination of cash and shares of the Company’s Class A common stock at a conversion rate of 52.7704 per $1,000 principal amount of the Convertible Notes due 2024 (which represents an initial conversion price of $18.95), in each case subject to customary anti-dilution adjustments. As of June 30, 2019, the $600.0 million principal balance of the Convertible Notes due 2024 would be convertible into 31,662,269 shares of Class A common stock. In addition to typical anti-dilution adjustments, in the event that the then-applicable conversion price is greater than 120% of the average of the volume-weighted average price of the Company’s Class A common stock for the ten days prior to the second anniversary of issuance (the “Reset Conversion Price”), the conversion price for the Convertible Notes due 2024 is subject to a reset provision that would adjust the conversion price downward to such Reset Conversion Price. However, this conversion price reset provision is subject to a conversion price floor such that the shares of the Company’s Class A common stock issuable upon conversion would not exceed 30% of the Company’s then outstanding fully-diluted share capital after giving effect to the conversion. In addition, a trigger of the reset provision would result in up to 5,666,000 shares of the Company’s Class B common stock held by Wanda becoming subject to forfeiture and retirement by the Company at no additional cost pursuant to the stock repurchase agreement between the Company and Wanda discussed in Note 7 — are converted in connection with a Make-Whole Fundamental Change (as defined in the Indenture (the “Indenture”) governing the Convertible Notes due 2024) are, under certain circumstances, entitled to an increase in the conversion rate. ​ The Company has the option to redeem the Convertible Notes due 2024 for cash on or after the fifth anniversary of issuance at par if the price for the Company’s Class A common stock is equal to or greater than 150% of the then applicable conversion price for 20 or more trading days out of a consecutive 30 day trading period (including the final three trading days), at which time the holders have the option to convert. The Company also has the option to redeem the Convertible Notes due 2024, between the second and third anniversary of issuance, if the reset provision described above is triggered at a redemption price in cash that would result in the noteholders realizing a 15% IRR from the date of issuance regardless of when any particular noteholder acquired its Convertible Notes due 2024. The Company also bifurcated this redemption feature from the principal balance of the Convertible Notes due 2024 and considered it as a part of the overall fair value of the derivative liability. During the three and six months ended June 30, 2019, the Company recorded a gain to other expense for $33.9 million and $20.6 million, respectively, as a decrease in fair value of its derivative liability for the Convertible Notes due 2024. ​ With certain exceptions, upon a change of control of the Company or if the Company’s Class A common stock is not listed for trading on The New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market, the holders of the Convertible Notes due 2024 may require that the Company repurchase in cash all or part of the principal amount of the Convertible Notes due 2024 at a purchase price equal to the principal amount plus accrued and unpaid interest up to, but excluding, the date of repurchase. The Indenture includes restrictive covenants that, subject to specified exceptions and parameters, limit the ability of the Company to incur additional debt and limit the ability of the Company to incur liens with respect to the Company’s senior subordinated notes or any debt incurred to refinance the Company’s senior subordinated notes. The Indenture also includes customary events of default, which may result in the acceleration of the maturity of the Convertible Notes due 2024 under the Indenture. ​ The Convertible Notes due 2024 are general unsecured senior obligations of the Company and are fully and unconditionally guaranteed on a joint and several senior unsecured basis by all the Company’s existing and future domestic restricted subsidiaries that guarantee its other indebtedness. ​ On September 14, 2018, in connection with the issuance of the Convertible Notes due 2024, the Company entered into an investment agreement (the “Investment Agreement”) providing for, among other things, registration rights with respect to the Convertible Notes due 2024 and the shares of Class A common stock underlying the Convertible Notes due 2024. Subject to the terms of the Investment Agreement, the Company was required to file a registration statement with the SEC not later than three months from the issuance date of the Convertible Notes in order to provide for resales of the Convertible Notes due 2024 and the shares of Class A common stock underlying the Convertible Notes to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act. The Company filed a registration statement with the SEC on December 14, 2018 to fulfill this requirement.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2019
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	NOTE 7—STOCKHOLDERS’ EQUITY ​ Dividends ​ The following is a summary of dividends and dividend equivalents paid to stockholders during the three and six months ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount per ​ Total Amount ​ ​ ​ Share of Declared Declaration Date ​ Record Date ​ Date Paid ​ Common Stock ​ (In millions) February 15, 2019 ​ March 11, 2019 ​ March 25, 2019 ​ $ 0.20 ​ $ 21.3 May 3, 2019 ​ June 10, 2019 ​ June 24, 2019 ​ ​ 0.20 ​ ​ 21.3 ​ On August 2, 2019, the Holdings’ Board of Directors declared a cash dividend in the amount of $0.20 per share on its Class A and Class B common stock, payable on September 23, 2019 to stockholders of record on September 9, 2019. ​ Related Party Transactions ​ As of June 30, 2019 and December 31, 2018, the Company recorded a receivable due from Wanda of $0.5 million and $0.9 million, respectively, for reimbursement of general administrative and other expense incurred on behalf of Wanda. During the three and six months ended June 30, 2019, the Company recorded $0.1 million and $0.2 million, respectively, of cost reductions for general and administrative services provided on behalf of Wanda. Wanda owns Legendary Entertainment, a motion picture production company. The Company will occasionally play Legendary’s films in its theatres as a result of transactions with independent film distributors. ​ On September 14, 2018, the Company entered into the Investment Agreement with Silver Lake Alpine, L.P., an affiliate of Silver Lake Group, L.L.C. (“Silver Lake”), relating to the issuance to Silver Lake (or its designated affiliates) of $600.0 million principal amount of the Convertible Notes due 2024. See Note 6 — ​ On September 14, 2018, the Company, Silver Lake and Wanda entered into a Right of First Refusal Agreement (the “ ROFR Agreement ​ — ​ Temporary Equity ​ Certain members of management had the right to require Holdings to repurchase the Class A common stock held by them under certain limited circumstances pursuant to the terms of a stockholders’ agreement. Beginning on January 1, 2016 (or upon the termination of a management stockholder’s employment by the Company without cause, by the management stockholder for good reason, or due to the management stockholder’s death or disability) management stockholders had the right, in limited circumstances, to require Holdings to purchase shares that were not fully and freely tradeable at a price equal to the price per share paid by such management stockholder with appropriate adjustments for any subsequent events such as dividends, splits, or combinations. The shares of Class A common stock, subject to the stockholder agreement, were classified as temporary equity, apart from permanent equity, as a result of the contingent redemption feature contained in the stockholder agreement. The Company determined the amount reflected in temporary equity for the Class A common stock-based on the price paid per share by the management stockholders and Wanda on August 30, 2012, the date Wanda acquired Holdings. ​ As of January 1, 2019, the temporary equity program expired and management employees who held 75,712 shares relinquished their put rights, therefore the related share amount of $0.4 million was reclassified to additional paid in capital, a component of stockholders’ equity. ​ Stock-Based Compensation ​ Holdings adopted a stock-based compensation plan in December of 2013. ​ During the three and six months ended June 30, 2019, the Company recognized stock-based compensation expense of $5.4 million and $9.4 million, respectively, within general and administrative: other. During the three and six months ended June 30, 2018, the Company recognized stock-based compensation expense of $4.0 million and $6.8 million, respectively, within general and administrative: other. ​ The components of the Company’s recorded and unrecognized stock-based compensation expense are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additional ​ ​ ​ ​ ​ ​ ​ ​ Amount Recognized ​ Amount Recognized ​ Amount ​ Expected to ​ Expected to ​ Expected to ​ ​ Three Months Ended ​ Six Months Ended ​ Unrecognized ​ Recognize ​ Recognize ​ Recognize Grant Tranche ​ June 30, 2019 ​ June 30, 2019 ​ June 30, 2019 ​ 2019 ​ 2020 ​ 2021 2019 Board of Directors ​ $ — ​ $ 0.4 ​ $ — ​ $ — ​ $ — ​ $ — 2019 RSU awards ​ ​ 1.1 ​ ​ 1.5 ​ ​ 9.6 ​ ​ 2.2 ​ ​ 3.7 ​ ​ 3.7 2019 PSU awards ​ ​ 1.9 ​ ​ 2.6 ​ ​ 8.5 ​ ​ 3.9 ​ ​ 3.3 ​ ​ 1.3 2018 RSU awards ​ ​ 0.8 ​ ​ 1.7 ​ ​ 4.9 ​ ​ 1.6 ​ ​ 3.3 ​ ​ — 2018 PSU awards ​ ​ 0.7 ​ ​ 1.5 ​ ​ 2.6 ​ ​ 1.5 ​ ​ 1.1 ​ ​ — 2017 RSU awards ​ ​ 0.5 ​ ​ 1.0 ​ ​ 0.9 ​ ​ 0.9 ​ ​ — ​ ​ — 2017 RSU NEO awards ​ ​ 0.4 ​ ​ 0.7 ​ ​ 0.6 ​ ​ 0.6 ​ ​ — ​ ​ — 2017 PSU awards (1) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 5.4 ​ $ 9.4 ​ $ 27.1 ​ $ 10.7 ​ $ 11.4 ​ $ 5.0 (1) During the year ended December 31, 2017, the Company determined that achieving the three-year performance thresholds of the 2017 Performance Stock Units was improbable and reversed all previously recorded expense and ceased accruing any additional expense on these units. If the Company later determines that the performance thresholds become probable, then historical expense would be reinstated, and the Company would resume recognizing expense. ​ Awards Granted in 2019 ​ The Company’s Board of Directors approved awards of stock, restricted stock units (“RSUs”), and performance stock units (“PSUs”) to certain of the Company’s employees and directors under the Plan. The fair value of the stock at the grant date of March 6, 2019 was $15.13 per share and was based on the closing price of Holdings’ stock. ​ The award agreements generally had the following features: ​ ● Stock Award: On March 6, 2019, five members of Holdings’ Board of Directors were granted awards of 25,703 fully vested shares of Class A common stock in the aggregate. On May 7, 2019 one member of Holdings’ Board of Directors was granted an award of 3,096 vested shares of Class A common stock. The Company recognized approximately $0.4 million of expense in general and administrative: other expense during the six months ended June 30, 2019, in connection with these share grants. ​ ● Restricted Stock Unit Awards: On March 6, 2019, RSU awards of 730,167 units were granted to certain members of management and executive officers. The grant date fair value was approximately $11.0 million based on a stock price of $15.13 on March 6, 2019. Each RSU represents the right to receive one share of Class A common stock at a future date. The RSUs vest over 3 years with 1/3 vesting on each of January 2, 2020, 2021, and 2022. The RSUs will be settled within 30 days of vesting. A dividend equivalent equal to the amount paid in respect of one share of Class A common stock underlying the RSUs began to accrue with respect to the RSUs on the date of grant. Such accrued dividend equivalents are paid to the holder upon vesting of the RSUs. ​ ● Performance Stock Unit Award: On March 6, 2019, PSU awards of 730,167 were granted to certain members of management and executive officers, with three -year cumulative adjusted EBITDA, diluted earnings per share, and net profit performance target conditions and service conditions, covering a performance period beginning January 1, 2019 and ending on December 31, 2021. The PSUs will vest based on achieving 80% to 120% of the performance targets with the corresponding vested unit amount ranging from 30% to 200% . If the performance target is met at 100%, the PSU awards granted on March 6, 2019, will vest at 730,167 units in the aggregate. No PSUs will vest if Holdings does not achieve 80% of the three-year cumulative adjusted EBITDA, diluted earnings per share, and net profit performance target. Additionally, unvested PSU’s shall be ratably forfeited upon termination of service prior to December 31, 2021. If service terminates prior to January 2, 2020, all unvested PSU’s shall be forfeited, if service terminates prior to January 2, 2021, 2/3 of unvested PSU’s shall be forfeited and if service terminates prior to January 4, 2022, 1/3 of unvested PSU’s shall be forfeited. The vested PSUs will be settled within 30 days of vesting which will occur upon certification of performance results by the Compensation Committee of the Board of Directors. A dividend equivalent equal to the amount paid in respect of one share of Class A common stock underlying the PSUs began to accrue with respect to the PSUs on the date of grant. Such accrued dividend equivalents are paid to the holder upon vesting of the PSUs. ​ The following table represents the nonvested RSU and PSU activity for the six months ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Average ​ ​ Shares of RSU ​ Grant Date ​ ​ and PSU ​ Fair Value Beginning balance at January 1, 2019 ​ 1,934,447 ​ $ 21.50 Granted ​ 1,460,334 ​ ​ 15.13 Vested ​ (303,201) ​ ​ 21.76 Forfeited ​ (11,776) ​ ​ 18.65 Cancelled (1) ​ (100,840) ​ ​ 21.46 Nonvested at June 30, 2019 ​ 2,978,964 ​ $ 17.62 (1) Represents vested RSUs surrendered in lieu of taxes and returned to the 2013 Equity Incentive Plan.
STOCKHOLDERS' EQUITY	​ Condensed Consolidated Statements of Stockholders’ Equity For the Six Months Ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ Class A Voting ​ Class B Voting ​ Additional ​ ​ ​ ​ ​ ​ Other ​ Accumulated ​ Total ​ ​ Common Stock ​ Common Stock ​ Paid-in ​ Treasury Stock ​ Comprehensive ​ Earnings ​ Stockholders’ (In millions, except share and per share data) Shares Amount Shares Amount Capital ​ Shares Amount Income (Loss) (Deficit) Equity Balances December 31, 2018 ​ 55,401,325 ​ $ 0.5 ​ 51,769,784 ​ $ 0.5 ​ $ 1,998.4 ​ 3,732,625 ​ $ (56.4) ​ $ 5.5 ​ $ (550.9) ​ $ 1,397.6 Cumulative effect adjustments for the adoption of new accounting principles (ASU 842) ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ 78.8 ​ ​ 78.8 Net loss ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (130.2) ​ ​ (130.2) Other comprehensive loss ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ (24.9) ​ ​ — ​ ​ (24.9) Dividends declared: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A common stock, $0.20/share, net of forfeitures ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (10.7) ​ ​ (10.7) Class B common stock, $0.20/share ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (10.4) ​ ​ (10.4) Taxes paid for restricted unit withholdings ​ — ​ ​ — ​ — ​ ​ — ​ ​ (1.1) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (1.1) Reclassification from temporary equity ​ 75,712 ​ ​ — ​ — ​ ​ — ​ ​ 0.4 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 0.4 Stock-based compensation ​ 328,904 ​ ​ — ​ — ​ ​ — ​ ​ 4.0 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4.0 Balances March 31, 2019 ​ 55,805,941 ​ $ 0.5 ​ 51,769,784 ​ $ 0.5 ​ $ 2,001.7 ​ 3,732,625 ​ $ (56.4) ​ $ (19.4) ​ $ (623.4) ​ $ 1,303.5 Cumulative effect adjustments for the adoption of new accounting principles (ASU 842) ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (2.6) ​ ​ (2.6) Net earnings ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ 49.4 ​ ​ 49.4 Other comprehensive loss ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ (9.2) ​ ​ — ​ ​ (9.2) Dividends declared: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A common stock, $0.20/share, net of forfeitures ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (10.7) ​ ​ (10.7) Class B common stock, $0.20/share ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (10.4) ​ ​ (10.4) Taxes paid for restricted unit withholdings ​ — ​ ​ — ​ — ​ ​ — ​ ​ (0.3) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (0.3) Stock-based compensation ​ 3,096 ​ ​ — ​ — ​ ​ — ​ ​ 5.4 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5.4 Balances June 30, 2019 ​ 55,809,037 ​ $ 0.5 ​ 51,769,784 ​ $ 0.5 ​ $ 2,006.8 ​ 3,732,625 ​ $ (56.4) ​ $ (28.6) ​ $ (597.7) ​ $ 1,325.1 ​ ​ ​ Condensed Consolidated Statements of Stockholders’ Equity For the Six Months Ended June 30, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ Class A Voting ​ Class B Voting ​ Additional ​ ​ ​ ​ ​ ​ Other ​ Accumulated ​ Total ​ ​ Common Stock ​ Common Stock ​ Paid-in ​ Treasury Stock ​ Comprehensive ​ Earnings ​ Stockholders’ (In millions, except share and per share data) Shares Amount Shares Amount Capital ​ Shares Amount Income (Loss) (Deficit) Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balances December 31, 2017 ​ 55,010,160 ​ $ 0.5 ​ 75,826,927 ​ $ 0.8 ​ $ 2,241.6 ​ 3,232,625 ​ $ (48.2) ​ $ 125.6 ​ $ (207.9) ​ $ 2,112.4 Cumulative effect adjustments for the adoption of new accounting principles (ASU 606, ASU 2016-01 and ASU 2018-02) ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ 4.4 ​ ​ (36.2) ​ ​ (31.8) Net earnings ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ 17.7 ​ ​ 17.7 Other comprehensive income ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ 10.7 ​ ​ — ​ ​ 10.7 Dividends declared: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A common stock, $0.20/share ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (10.8) ​ ​ (10.8) Class B common stock, $0.20/share ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (15.2) ​ ​ (15.2) Reversed dividend accrual for nonvested PSU's ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ 0.7 ​ ​ 0.7 RSUs surrendered to pay for payroll taxes ​ — ​ ​ — ​ — ​ ​ — ​ ​ (1.8) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (1.8) Reclassification from temporary equity ​ 27,195 ​ ​ — ​ — ​ ​ — ​ ​ 0.3 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 0.3 Stock-based compensation ​ 354,060 ​ ​ — ​ — ​ ​ — ​ ​ 2.8 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2.8 Balances March 31, 2018 ​ 55,391,415 ​ $ 0.5 ​ 75,826,927 ​ $ 0.8 ​ $ 2,242.9 ​ 3,232,625 ​ $ (48.2) ​ $ 140.7 ​ $ (251.7) ​ $ 2,085.0 Net earnings ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ 22.2 ​ ​ 22.2 Other comprehensive loss ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ (107.2) ​ ​ — ​ ​ (107.2) Dividends declared: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A common stock, $0.20/share ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (10.8) ​ ​ (10.8) Class B common stock, $0.20/share ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (15.2) ​ ​ (15.2) Reclassification from temporary equity ​ 9,910 ​ ​ — ​ — ​ ​ — ​ ​ 0.1 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 0.1 Stock-based compensation ​ — ​ ​ — ​ — ​ ​ — ​ ​ 4.0 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4.0 Class A common stock repurchases ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ 500,000 ​ ​ (8.2) ​ ​ — ​ ​ — ​ ​ (8.2) Balances June 30, 2018 ​ 55,401,325 ​ $ 0.5 ​ 75,826,927 ​ $ 0.8 ​ $ 2,247.0 ​ 3,732,625 ​ $ (56.4) ​ $ 33.5 ​ $ (255.5) ​ $ 1,969.9 ​

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2019
INCOME TAXES
INCOME TAXES	NOTE 8—INCOME TAXES ​ The Company’s worldwide effective income tax rate is based on expected income, statutory rates, valuation allowances against deferred tax assets and tax planning opportunities available in the various jurisdictions in which it operates. For interim financial reporting, the Company estimates the worldwide annual income tax rate based on projected taxable income for the full year and records a quarterly income tax provision or benefit in accordance with the anticipated annual rate, adjusted for discrete items, if any. The Company refines the estimates of the year’s taxable income as new information becomes available, including actual year-to-date financial results. This continual estimation process often results in a change to the expected worldwide effective income tax rate for the year. When this occurs, the Company adjusts the income tax provision during the quarter in which the change in estimate occurs so that the year-to-date provision reflects the expected income tax rate. Significant judgment is required in determining the effective tax rate. The Company recognizes income tax-related interest expense and penalties as income tax expense and general and administrative expense, respectively. ​ At June 30, 2019 and December 31, 2018, the Company has net deferred tax liabilities of $20.6 million and $13.0 million, respectively. During the fourth quarter of 2017, the Company determined that it was appropriate to record a valuation allowance against U.S. deferred tax assets. In addition, several international jurisdictions carry valuation allowances against their deferred tax assets. As a result, the effective tax rate for the six months ended June 30, 2019 reflects the impact of these valuation allowances against U.S. and international deferred tax assets generated during the six month period. For the remainder of 2019, the Company anticipates income tax expense will relate to domestic state tax expense, changes in domestic indefinite-lived liabilities, and international tax expense incurred in certain profitable jurisdictions. The Company evaluates its deferred tax assets each period to determine if a valuation allowance is required based on whether it is “more likely than not” that some portion of the deferred tax assets would not be realized. The ultimate realization of these deferred tax assets is dependent upon the generation of sufficient taxable income during future periods on a federal, state and foreign jurisdiction basis. The Company conducts its evaluation by considering all available positive and negative evidence, including historical operating results, forecasts of future profitability, the duration of statutory carryforward periods, and the outlooks for the U.S. motion picture and broader economy, among others. ​ The projected worldwide effective tax rate based on annual projected earnings for the year ending December 31, 2019 is (4.5)%. The actual effective rate for the six months ended June 30, 2019 was (16.0)%. The Company’s consolidated tax rate for the six months ended June 30, 2019 differs from the U.S. statutory tax rate primarily due to the valuation allowances in U.S. and foreign jurisdictions, foreign tax rate differences, federal and state tax credits partially offset by state income taxes, permanent differences related to interest, compensation, and other discrete items. ​ Tax contingencies and other income tax liabilities were $25.6 million and $22.0 million as of June 30, 2019 and December 31, 2018, respectively, and are included in other long-term liabilities. The increase relates primarily to state income taxes and state income tax credits. The Company also continues to be subject to examination by the IRS and the fiscal year ended March 29, 2012 (tax year 2011) is currently under extended statute. The Company’s operations in certain jurisdictions outside of the U.S. remain subject to examination for tax years 2012 to 2018, some of which are currently under audit by local tax authorities. The resolutions of these audits are not expected to be material to the Company’s condensed consolidated financial statements. The Company believes its allowances for income tax contingencies are adequate. Based on the information currently available, the Company does not anticipate a material (or significant) increase or decrease to its tax contingencies within the next 12 months. ​ While the Tax Reform Act provides for a territorial tax system, beginning in 2018, it includes the global intangible low-taxed income (“GILTI”) provisions. The GILTI provisions require the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary’s tangible assets. For 2019, the Company does not anticipate a GILTI inclusion. ​

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2019
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 9—FAIR VALUE MEASUREMENTS ​ Fair value refers to the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the market in which the entity transacts business. The inputs used to develop these fair value measurements are established in a hierarchy, which ranks the quality and reliability of the information used to determine the fair values. The fair value classification is based on levels of inputs. Assets and liabilities that are carried at fair value are classified and disclosed in one of the following categories: ​ Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not corroborated by market data. ​ ​ Recurring Fair Value Measurements. The following table summarizes the fair value hierarchy of the Company’s financial assets and liabilities carried at fair value on a recurring basis as of June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2019 Using ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ Total Carrying Quoted prices in Significant other unobservable ​ ​ Value at ​ active market ​ observable inputs ​ inputs (In millions) ​ June 30, 2019 ​ (Level 1) ​ (Level 2) ​ (Level 3) Other long-term assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Money market mutual funds ​ $ 0.5 ​ $ 0.5 ​ $ — ​ $ — Derivative asset ​ ​ 47.7 ​ ​ — ​ ​ — ​ ​ 47.7 Investments measured at net asset value (1) ​ ​ 11.4 ​ — ​ — ​ — Equity securities, available-for-sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in NCM ​ ​ 1.3 ​ ​ 1.3 ​ ​ — ​ ​ — Total assets at fair value ​ $ 60.9 ​ $ 1.8 ​ $ — ​ $ 47.7 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate Borrowings: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative liability ​ $ 3.4 ​ $ — ​ $ — ​ $ 3.4 Total liabilities at fair value ​ $ 3.4 ​ $ — ​ $ — ​ $ 3.4 (1) The investments relate to non-qualified deferred compensation arrangements on behalf of certain members of management. The Company has an equivalent liability for this related-party transaction recorded in other long-term liabilities for the deferred compensation obligation. ​ Valuation Techniques. The Company’s money market mutual funds are invested in funds that seek to preserve principal, are highly liquid, and therefore are recorded on the balance sheet at the principal amounts deposited, which equals fair value. See Note 10 — ​ On September 14, 2018, the Company issued Convertible Notes due 2024 with a conversion feature that gave rise to an embedded derivative instrument and a stock purchase and cancellation agreement that gave rise to a derivative asset (See Note 6 — ​ Other Fair Value Measurement Disclosures. The Company is required to disclose the fair value of financial instruments that are not recognized at fair value in the statement of financial position for which it is practicable to estimate that value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2019 Using ​ ​ ​ ​ Significant other Significant ​ ​ Total Carrying ​ Quoted prices in ​ observable ​ unobservable ​ ​ Value at ​ active market ​ inputs ​ inputs (In millions) ​ June 30, 2019 ​ (Level 1) ​ (Level 2) ​ (Level 3) Current maturities of corporate borrowings ​ $ 21.4 ​ $ — ​ $ 20.2 ​ $ 1.4 Corporate borrowings ​ 4,713.1 ​ — ​ 4,090.3 ​ ​ 507.0 ​ Valuation Technique. Quoted market prices and observable market based inputs were used to estimate fair value for Level 2 inputs. The Level 3 fair value measurement represents the transaction price of the corporate borrowings under market conditions. On September 14, 2018, the Company issued — ​ The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities approximate fair value because of the short maturity of these instruments.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	6 Months Ended
	Jun. 30, 2019
ACCUMULATED OTHER COMPREHENSIVE INCOME
ACCUMULATED OTHER COMPREHENSIVE INCOME	NOTE 10—ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ​ The following table presents the change in accumulated other comprehensive income (loss) by component: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized Net ​ Unrealized Net ​ ​ ​ ​ ​ ​ ​ ​ Pension and ​ Gain from ​ Gain from Equity ​ ​ ​ ​ ​ Foreign ​ Other ​ Marketable ​ Method Investees’ ​ ​ ​ (In millions) Currency Benefits (1) Securities Cash Flow Hedge Total Balance, December 31, 2018 ​ $ 7.2 ​ $ (1.8) ​ $ — ​ $ 0.1 ​ $ 5.5 ​ Other comprehensive income (loss) before reclassifications ​ (34.7) ​ 0.1 ​ — ​ (0.1) ​ (34.7) ​ Amounts reclassified from accumulated other comprehensive income ​ 0.6 ​ — ​ — ​ — ​ 0.6 ​ Balance, June 30, 2019 ​ $ (26.9) ​ $ (1.7) ​ $ — ​ $ — ​ $ (28.6) ​ ​ The tax effects allocated to each component of other comprehensive income (loss) during the three months ended June 30, 2019 and June 30, 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ June 30, 2019 ​ June 30, 2018 ​ ​ Tax ​ ​ Tax ​ ​ ​ Pre-Tax ​ (Expense) ​ Net-of-Tax ​ Pre-Tax ​ (Expense) ​ Net-of-Tax (In millions) ​ Amount ​ Benefit ​ Amount ​ Amount ​ Benefit ​ Amount Unrealized foreign currency translation adjustment (1) ​ $ (9.3) ​ $ — ​ $ (9.3) ​ $ (107.4) ​ $ (0.2) ​ $ (107.6) Realized loss on foreign currency transactions ​ ​ 0.1 ​ ​ — ​ ​ 0.1 ​ ​ 1.0 ​ ​ — ​ ​ 1.0 Pension and other benefit adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net gain (loss) arising during the period ​ 0.1 ​ — ​ 0.1 ​ (0.5) ​ 0.1 ​ (0.4) Equity method investees' cash flow hedge: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized net holding loss arising during the period ​ (0.1) ​ — ​ (0.1) ​ — ​ — ​ — Realized net loss reclassified into equity in earnings of non-consolidated entities ​ ​ — ​ ​ — ​ ​ — ​ ​ (0.2) ​ ​ — ​ ​ (0.2) Other comprehensive loss ​ $ (9.2) ​ $ — ​ $ (9.2) ​ $ (107.1) ​ $ (0.1) ​ $ (107.2) (1) Deferred tax impacts of foreign currency translation for the Odeon and Nordic international operations have not been recorded due to the Company’s intent to remain permanently invested. ​ The tax effects allocated to each component of other comprehensive income (loss) during the six months ended June 30, 2019 and June 30, 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ ​ June 30, 2019 ​ June 30, 2018 ​ ​ Tax ​ ​ Tax ​ ​ ​ Pre-Tax ​ (Expense) ​ Net-of-Tax ​ Pre-Tax ​ (Expense) ​ Net-of-Tax (In millions) ​ Amount ​ Benefit ​ Amount ​ Amount ​ Benefit ​ Amount Unrealized foreign currency translation adjustment (1) ​ $ (34.7) ​ $ — ​ $ (34.7) ​ $ (96.0) ​ $ 0.1 ​ $ (95.9) Realized loss on foreign currency transactions ​ ​ 0.6 ​ ​ — ​ ​ 0.6 ​ ​ 1.0 ​ ​ — ​ ​ 1.0 Pension and other benefit adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net gain (loss) arising during the period ​ ​ 0.1 ​ ​ — ​ ​ 0.1 ​ ​ (1.9) ​ ​ 0.4 ​ ​ (1.5) Equity method investees' cash flow hedge: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized net holding gain (loss) arising during the period ​ (0.1) ​ — ​ (0.1) ​ 0.2 ​ — ​ 0.2 Realized net (gain) loss reclassified into equity in earnings of non-consolidated entities ​ ​ — ​ ​ — ​ ​ — ​ ​ (0.3) ​ ​ — ​ ​ (0.3) Other comprehensive loss ​ $ (34.1) ​ $ — ​ $ (34.1) ​ $ (97.0) ​ $ 0.5 ​ $ (96.5) (1) ​

OPERATING SEGMENTS

OPERATING SEGMENTS	6 Months Ended
	Jun. 30, 2019
OPERATING SEGMENTS
OPERATING SEGMENTS	NOTE 11—OPERATING SEGMENTS ​ ® ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended Revenues (In millions) June 30, 2019 ​ June 30, 2018 ​ June 30, 2019 June 30, 2018 U.S. markets ​ $ 1,161.2 ​ $ 1,129.3 ​ $ 2,028.4 $ 2,111.4 International markets ​ ​ 344.9 ​ ​ 313.2 ​ ​ 678.1 ​ 714.7 Total revenues ​ $ 1,506.1 ​ $ 1,442.5 ​ $ 2,706.5 $ 2,826.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended Adjusted EBITDA (1) (In millions) June 30, 2019 June 30, 2018 ​ June 30, 2019 June 30, 2018 U.S. markets (2) ​ $ 202.1 ​ $ 222.2 ​ $ 279.5 ​ $ 430.5 International markets ​ ​ 35.5 ​ ​ 22.6 ​ ​ 66.3 ​ ​ 92.2 Total Adjusted EBITDA ​ $ 237.6 ​ $ 244.8 ​ $ 345.8 ​ $ 522.7 (1) The Company presents Adjusted EBITDA as a supplemental measure of its performance. The Company defines Adjusted EBITDA as net earnings (loss) plus (i) income tax provision (benefit), (ii) interest expense and (iii) depreciation and amortization, as further adjusted to eliminate the impact of certain items that the Company does not consider indicative of its ongoing operating performance and to include attributable EBITDA from equity investments in theatre operations in international markets and any cash distributions of earnings from its other equity method investees. The measure of segment profit and loss the Company uses to evaluate performance and allocate its resources is Adjusted EBITDA, which is consistent with how Adjusted EBITDA is defined in its debt indentures. ​ (2) Distributions from NCM are reported entirely within the U.S. markets segment. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended Capital Expenditures (In millions) June 30, 2019 June 30, 2018 ​ June 30, 2019 June 30, 2018 U.S. markets ​ $ 84.1 ​ $ 101.0 ​ $ 159.6 ​ $ 172.0 International markets ​ ​ 31.0 ​ ​ 32.8 ​ ​ 70.3 ​ ​ 69.1 Total capital expenditures ​ $ 115.1 ​ $ 133.8 ​ $ 229.9 ​ $ 241.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended Revenues (In millions) ​ June 30, 2019 ​ June 30, 2018 ​ June 30, 2019 June 30, 2018 United States ​ $ 1,161.2 ​ $ 1,129.3 ​ $ 2,028.4 ​ $ 2,111.4 United Kingdom ​ ​ 134.1 ​ ​ 125.8 ​ ​ 236.2 ​ ​ 256.3 Spain ​ ​ 49.4 ​ ​ 42.2 ​ ​ 90.8 ​ ​ 91.8 Sweden ​ ​ 36.1 ​ ​ 33.3 ​ ​ 81.8 ​ ​ 93.9 Italy ​ ​ 45.2 ​ ​ 33.7 ​ ​ 98.4 ​ ​ 94.6 Germany ​ ​ 29.0 ​ ​ 24.5 ​ ​ 60.6 ​ ​ 57.3 Finland ​ ​ 22.4 ​ ​ 22.1 ​ ​ 48.1 ​ ​ 50.1 Ireland ​ ​ 9.3 ​ ​ 8.8 ​ ​ 17.3 ​ ​ 19.3 Other foreign countries ​ ​ 19.4 ​ ​ 22.8 ​ ​ 44.9 ​ ​ 51.4 Total ​ $ 1,506.1 ​ $ 1,442.5 ​ $ 2,706.5 ​ $ 2,826.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ As of Long-term assets, net (In millions) ​ June 30, 2019 ​ December 31, 2018 United States ​ $ 9,052.7 ​ $ 5,826.5 International ​ ​ 3,872.2 ​ ​ 2,888.0 Total long-term assets (1) ​ $ 12,924.9 ​ $ 8,714.5 (1) Long-term assets are comprised of property, intangible assets, goodwill, deferred income tax assets and other long-term assets, and for 2019, right-of-use assets. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In millions) ​ June 30, 2019 ​ June 30, 2018 June 30, 2019 ​ June 30, 2018 Net earnings (loss) ​ $ 49.4 ​ $ 22.2 ​ $ (80.8) ​ $ 39.9 Plus: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income tax provision (benefit) ​ 5.4 ​ (2.6) ​ 11.1 ​ 2.1 Interest expense ​ 86.4 ​ 82.4 ​ 170.0 ​ 164.9 Depreciation and amortization ​ 112.0 ​ 137.7 ​ 225.0 ​ 268.2 Certain operating expenses (1) ​ 2.3 ​ 5.7 ​ 4.8 ​ 9.4 Equity in earnings of non-consolidated entities (2) ​ (10.2) ​ (13.0) ​ (16.7) ​ (4.0) Cash distributions from non-consolidated entities (3) ​ 1.8 ​ 3.5 ​ 12.3 ​ 27.8 Attributable EBITDA (4) ​ ​ 2.0 ​ ​ (0.4) ​ ​ 2.9 ​ ​ 1.6 Investment income ​ (2.1) ​ (1.5) ​ (18.2) ​ (6.7) Other expense (income) (5) ​ (23.8) ​ 2.5 ​ 6.1 ​ 3.7 Non-cash rent - purchase accounting (6) ​ ​ 5.8 ​ ​ — ​ ​ 13.4 ​ ​ — General and administrative — unallocated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Merger, acquisition and transaction costs (7) ​ 3.2 ​ 4.3 ​ 6.5 ​ 9.0 Stock-based compensation expense (8) ​ 5.4 ​ 4.0 ​ 9.4 ​ 6.8 Adjusted EBITDA ​ $ 237.6 ​ $ 244.8 ​ $ 345.8 ​ $ 522.7 (1) Amounts represent preopening expense related to temporarily closed screens under renovation, theatre and other closure expense for the permanent closure of screens including the related accretion of interest, non-cash deferred digital equipment rent expense, and disposition of assets and other non-operating gains or losses included in operating expenses. The Company has excluded these items as they are non-cash in nature, include components of interest cost for the time value of money or are non-operating in nature. ​ (2) During the three months ended June 30, 2019, the Company recorded $9.0 million in earnings from DCIP. During the six months ended June 30, 2019, the Company recorded $14.6 million in earnings from DCIP. During the six months ended June 30, 2018, e quity in earnings of non-consolidated entities includes a lower of carrying value impairment loss on the held-for-sale portion of NCM of $16.0 million. The impairment charge s reflect recording its held-for-sale units and other-than-temporary impaired shares at the publicly quoted per share price on March 31, 2018 of $5.19 . E quity in earnings of non-consolidated entities also includes the surrender (disposition) of a portion of its investment in NCM of $1.1 million during the six months ended June 30 , 2018. ​ (3) Includes U.S. non-theatre distributions from equity method investments and International non- theatre distributions from equity method investments to the extent received. The Company believes including cash distributions is an appropriate reflection of the contribution of these investments to its operations. ​ (4) Attributable EBITDA includes the EBITDA from equity investments in theatre operators in certain international markets. See below for a reconciliation of the Company’s equity loss of non-consolidated entities to attributable EBITDA. Because these equity investments are in theatre operators in regions where the Company holds a significant market share, the Company believes attributable EBITDA is more indicative of the performance of these equity investments and management uses this measure to monitor and evaluate these equity investments. The Company also provides services to these theatre operators including information technology systems, certain on-screen advertising services and its gift card and package ticket program. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In millions) ​ June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Equity in earnings of non-consolidated entities ​ $ (10.2) ​ $ (13.0) ​ $ (16.7) ​ $ (4.0) Less: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in earnings of non-consolidated entities excluding International theatre JV's ​ ​ (9.8) ​ ​ (13.9) ​ ​ (15.8) ​ ​ (3.6) Equity in earnings (loss) of International theatre JV's ​ ​ 0.4 ​ ​ (0.9) ​ ​ 0.9 ​ ​ 0.4 Income tax provision ​ ​ 0.1 ​ ​ — ​ ​ 0.1 ​ ​ — Investment income ​ ​ (0.3) ​ ​ — ​ ​ (0.5) ​ ​ — Interest expense ​ ​ 0.1 ​ ​ — ​ ​ 0.1 ​ ​ — Depreciation and amortization ​ ​ 1.7 ​ ​ 0.5 ​ ​ 2.3 ​ ​ 1.2 Attributable EBITDA ​ $ 2.0 ​ $ (0.4) ​ $ 2.9 ​ $ 1.6 (5) Other income for the three months ended June 30, 2019 include s income of $33.9 million due to the decrease in fair value of our derivative liability for the Convertible Notes due 2024, income of $7.1 million as a result of an increase in fair value of its derivative asset, and expense of $16.6 million of fees related to modifications of term loans. Other expense for the six months ended June 30, 2019 includes income of $20.6 million due to the decrease in fair value of our derivative liability for the Convertible Notes due 2024, an expense of $8.0 million as a result of a decrease in fair value of its derivative asset, an expense of $16.6 million of fees related to modifications of term loans, and $1.0 million loss on GBP forward contract. ​ (6) Reflects amortization of certain intangible assets reclassified from depreciation and amortization to rent expense, due to the adoption of ASC 842. ​ (7) Merger, acquisition and transition costs are excluded as they are non-operating in nature. ​ (8) Stock-based compensation expense is non-cash expense included in general and administrative: other.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2019
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 12—COMMITMENTS AND CONTINGENCIES ​ The Company, in the normal course of business, is a party to various ordinary course claims from vendors (including food and beverage suppliers and film distributors), landlords, competitors, and other legal proceedings. If management believes that a loss arising from these actions is probable and can reasonably be estimated, the Company records the amount of the loss, or the minimum estimated liability when the loss is estimated using a range and no point is more probable than another. As additional information becomes available, any potential liability related to these actions is assessed and the estimates are revised, if necessary. Management believes that the ultimate outcome of such matters discussed below, individually and in the aggregate, will not have a material adverse effect on the Company’s financial position or overall trends in results of operations. However, litigation and claims are subject to inherent uncertainties and unfavorable outcomes can occur. An unfavorable outcome might include monetary damages. If an unfavorable outcome were to occur, there exists the possibility of a material adverse impact on the results of operations in the period in which the outcome occurs or in future periods. ​ On January 12, 2018 and January 19, 2018, two putative federal securities class actions, captioned Hawaii Structural Ironworkers Pension Trust Fund v. AMC Entertainment Holdings, Inc., et al. Nichols v. AMC Entertainment Holdings, Inc., et al. On January 22, 2019, the defendants moved to dismiss the Second Amended Class Action Complaint. ​ On May 21, 2018, a stockholder derivative complaint, captioned Gantulga v. Aron, et al. Gantulga v. Aron, et al. , Case No. 1:18-cv-10007-AJN. The parties filed a joint stipulation to stay the action, which the court granted on December 17, 2018. ​ On April 22, 2019, a putative stockholder class and derivative complaint, captioned Lao v. Dalian Wanda Group Co., Ltd., et al., C.A. No. 2019-0303-JRS (the “Lao Action”), was filed against certain of the Company’s directors, Dalian Wanda Group Co., Ltd. (“Wanda”), two of Wanda’s affiliates, Silver Lake Group, L.L.C. (“Silver Lake”), and one of Silver Lake’s affiliates in the Delaware Court of Chancery. The Lao Action asserts claims directly, on behalf of a putative class of Company stockholders, and derivatively, on behalf of the Company, for breaches of fiduciary duty and aiding and abetting breaches of fiduciary duty with respect to transactions that the Company entered into with affiliates of Wanda and Silver Lake on September 14, 2018, and the special cash dividend of $1.55 per share of common stock that was payable on September 28, 2018 to the Company’s stockholders of record as of September 25, 2018. On July 18, 2019, the Company’s Board of Directors formed a Special Litigation Committee to investigate and evaluate the claims and allegations asserted in the Lao Action and make a determination as to how the Company should proceed with respect to the Lao Action. ​ The Company remains contingently liable for lease payments under certain leases of theatres that it previously divested, in the event that such assignees are unable to fulfill their future lease payment obligations. Due to the variety of remedies available, the Company believes that if the current tenant defaulted on the leases it would not have a material effect on the Company’s financial condition, results of operations or cash flows. ​ ​

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	6 Months Ended
	Jun. 30, 2019
EARNINGS (LOSS) PER SHARE
EARNINGS (LOSS) PER SHARE	NOTE 13—EARNINGS (LOSS) PER SHARE ​ Basic net earnings (loss) per share is computed by dividing net earnings (loss) by the weighted-average number of common shares outstanding. Diluted earnings per share includes the effects of unvested RSU’s with a service condition only and unvested contingently issuable RSUs that have service and performance conditions, if dilutive, as well as potential dilutive shares from the conversion feature of the Convertible Notes due 2024, if dilutive. ​ The following table sets forth the computation of basic and diluted earnings (loss) per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In millions) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) for basic earnings (loss) per share ​ $ 49.4 ​ $ 22.2 ​ $ (80.8) ​ $ 39.9 Calculation of Net earnings for diluted earnings (loss) per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Marked-to-market gain on derivative liability ​ ​ (33.9) ​ ​ — ​ ​ — ​ ​ — Interest expense for Convertible Notes due 2024 ​ ​ 8.1 ​ ​ — ​ ​ — ​ ​ — Net earnings (loss) for diluted earnings (loss) per share ​ $ 23.6 ​ $ 22.2 ​ $ (80.8) ​ $ 39.9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares for basic earnings (loss) per common share ​ 103,845 ​ 128,039 ​ 103,814 ​ 128,042 Common equivalent shares for RSUs and PSUs ​ 21 ​ 66 ​ — ​ — Common equivalent shares if converted: convertible notes 2024 ​ ​ 31,662 ​ ​ — ​ ​ — ​ ​ — Weighted average shares for diluted earnings (loss) per common share ​ 135,528 ​ 128,105 ​ 103,814 ​ 128,042 Basic earnings (loss) per common share ​ $ 0.48 ​ $ 0.17 ​ $ (0.78) ​ $ 0.31 Diluted earnings (loss) per common share ​ $ 0.17 ​ $ 0.17 ​ $ (0.78) ​ $ 0.31 ​ Vested RSUs and PSU’s have dividend rights identical to the Company’s Class A and Class B common stock and are treated as outstanding shares for purposes of computing basic and diluted earnings per share. Certain unvested RSUs and unvested PSUs are subject to performance conditions and are included in diluted earnings per share, if dilutive, based on the number of shares, if any, that would be issuable under the terms of the Company’s 2013 Equity Incentive Plan if the end of the reporting period were the end of the contingency period. During the six months ended June 30, 2019, unvested PSU’s of 502,858 at the minimum performance target were not included in the computation of diluted earnings (loss) per share because they would not be issuable if the end of the reporting period were the end of the contingency period. ​ During the six months ended June 30, 2018, unvested PSU’s of 411,657 at the minimum performance target were not included in the computation of diluted loss per share since the shares would not be issuable under the terms of the Plan, if the end of the reporting period were the end of the contingency period and they would also be anti-dilutive. During the six months ended June 30, 2018, unvested RSU’s of 902,004 were not included in the computation of diluted loss per share because they would be anti-dilutive. ​ The Company uses the if-converted method for calculating any potential dilutive effect of the Convertible Notes due 2024 that were issued on September 14, 2018. The Company has not adjusted net loss for the six months ended June 30, 2019 to eliminate the interest expense and the gain for the derivative liability related to the Convertible Notes due 2024 of $16.0 million and $20.6 million, respectively in the computation of diluted loss per share because the effects would be anti-dilutive. The Company has not included in diluted weighted average shares approximately 31.7 million shares issuable upon conversion for the six months ended June 30, 2019, as the effects would be anti-dilutive. Based on the current conversion price of $18.95 per share the Convertible Notes due 2024 are convertible into 31,662,269 Class A common shares.

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL INFORMATION	6 Months Ended
	Jun. 30, 2019
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
CONDENSED CONSOLIDATING FINANCIAL INFORMATION	NOTE 14—CONDENSED CONSOLIDATING FINANCIAL INFORMATION ​ The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10, Financial statements of guarantors and issuers of guaranteed securities registered or being registered. Each of the subsidiary guarantors are 100% owned by Holdings. The subsidiary guarantees of the Company’s Sterling Notes due 2024, the Convertible Notes due 2024, the Notes due 2025, the Notes due 2026, and the Notes due 2027 are full and unconditional and joint and several and subject to customary release provisions. The Company and its subsidiary guarantors’ investments in its consolidated subsidiaries are presented under the equity method of accounting. ​ The condensed consolidating information for the guarantors/non-guarantors has been retrospectively revised based on the structure that exists as of June 30, 2019 and reflecting changes as a result of the Sixth Amendment. ​ Condensed Consolidating Statement of Operations Three Months Ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings ​ Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Admissions ​ $ — ​ $ 680.7 ​ $ 214.8 ​ $ — ​ $ 895.5 Food and beverage ​ — ​ 401.1 ​ 91.4 ​ — ​ 492.5 Other theatre ​ — ​ 79.4 ​ 38.7 ​ — ​ 118.1 Total revenues ​ — ​ 1,161.2 ​ 344.9 ​ — ​ 1,506.1 Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Film exhibition costs ​ — ​ 390.2 ​ 92.3 ​ — ​ 482.5 Food and beverage costs ​ — ​ 56.1 ​ 20.3 ​ — ​ 76.4 Operating expense, excluding depreciation and amortization ​ — ​ 320.9 ​ 116.5 ​ — ​ 437.4 Rent ​ — ​ 179.6 ​ 66.3 ​ — ​ 245.9 General and administrative: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Merger, acquisition and transaction costs ​ — ​ 2.4 ​ 0.8 ​ — ​ 3.2 Other, excluding depreciation and amortization ​ — ​ 24.9 ​ 18.3 ​ — ​ 43.2 Depreciation and amortization ​ — ​ 84.2 ​ 27.8 ​ — ​ 112.0 Operating costs and expenses ​ — ​ 1,058.3 ​ 342.3 ​ — ​ 1,400.6 Operating income ​ — ​ 102.9 ​ 2.6 ​ — ​ 105.5 Other expense (income): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in net loss of subsidiaries ​ 9.1 ​ 18.2 ​ — ​ (27.3) ​ — Other expense (income) ​ ​ (40.9) ​ ​ 17.7 ​ ​ (0.2) ​ ​ — ​ ​ (23.4) Interest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate borrowings ​ 73.6 ​ 74.4 ​ 0.7 ​ (74.5) ​ 74.2 Capital and financing lease obligations ​ — ​ 0.6 ​ 1.5 ​ — ​ 2.1 Non-cash NCM exhibitor service agreement ​ ​ — ​ ​ 10.1 ​ ​ — ​ ​ — ​ ​ 10.1 Intercompany interest expense ​ ​ — ​ ​ — ​ ​ 21.4 ​ ​ (21.4) ​ ​ — Equity in earnings of non-consolidated entities ​ — ​ (9.9) ​ (0.3) ​ — ​ (10.2) Investment income ​ (91.2) ​ (4.9) ​ (1.9) ​ 95.9 ​ (2.1) Total other expense (income) ​ (49.4) ​ 106.2 ​ 21.2 ​ (27.3) ​ 50.7 Earnings (loss) before income taxes ​ 49.4 ​ (3.3) ​ (18.6) ​ 27.3 ​ 54.8 Income tax provision (benefit) ​ — ​ 5.8 ​ (0.4) ​ — ​ 5.4 Net earnings (loss) ​ $ 49.4 ​ $ (9.1) ​ $ (18.2) ​ $ 27.3 ​ $ 49.4 ​ ​ Condensed Consolidating Statement of Operations Three Months Ended June 30, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings ​ Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Revenues ​ ​ ​ ​ ​ Admissions ​ $ — ​ $ 694.3 ​ $ 202.0 ​ $ — ​ $ 896.3 Food and beverage ​ — ​ 369.2 ​ 76.6 ​ — ​ 445.8 Other theatre ​ — ​ 65.9 ​ 34.5 ​ — ​ 100.4 Total revenues ​ — ​ 1,129.4 ​ 313.1 ​ — ​ 1,442.5 Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Film exhibition costs ​ — ​ 391.4 ​ 80.0 ​ — ​ 471.4 Food and beverage costs ​ — ​ 54.3 ​ 17.9 ​ — ​ 72.2 Operating expense, excluding depreciation and amortization ​ — ​ 300.5 ​ 124.0 ​ — ​ 424.5 Rent ​ — ​ 145.4 ​ 54.3 ​ — ​ 199.7 General and administrative: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Merger, acquisition and transaction costs ​ — ​ 2.2 ​ 2.1 ​ — ​ 4.3 Other, excluding depreciation and amortization ​ — ​ 26.6 ​ 16.4 ​ — ​ 43.0 Depreciation and amortization ​ — ​ 97.3 ​ 40.4 ​ — ​ 137.7 Operating costs and expenses ​ — ​ 1,017.7 ​ 335.1 ​ — ​ 1,352.8 Operating income (loss) ​ — ​ 111.7 ​ (22.0) ​ — ​ 89.7 Other expense (income): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in net (earnings) loss of subsidiaries ​ (26.5) ​ 25.5 ​ — ​ 1.0 ​ — Other expense ​ ​ 1.0 ​ ​ 0.7 ​ ​ 0.5 ​ ​ — ​ ​ 2.2 Interest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate borrowings ​ 61.4 ​ 63.0 ​ 0.9 ​ (63.1) ​ 62.2 Capital and financing lease obligations ​ — ​ 4.4 ​ 5.4 ​ — ​ 9.8 Non-cash NCM exhibitor service agreement ​ ​ — ​ ​ 10.4 ​ ​ — ​ ​ ​ ​ ​ 10.4 Equity in (earnings) loss of non-consolidated entities ​ — ​ (13.9) ​ 0.9 ​ — ​ (13.0) Investment income ​ (58.1) ​ (6.3) ​ (0.2) ​ 63.1 ​ (1.5) Total other expense (income) ​ (22.2) ​ 83.8 ​ 7.5 ​ 1.0 ​ 70.1 Earnings (loss) before income taxes ​ 22.2 ​ 27.9 ​ (29.5) ​ (1.0) ​ 19.6 Income tax provision (benefit) ​ — ​ 1.4 ​ (4.0) ​ — ​ (2.6) Net earnings (loss) ​ $ 22.2 ​ $ 26.5 ​ $ (25.5) ​ $ (1.0) ​ $ 22.2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Condensed Consolidating Statement of Operations Six Months Ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings ​ Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Revenues ​ ​ ​ ​ ​ Admissions ​ $ — ​ $ 1,196.0 ​ $ 431.0 ​ $ — ​ $ 1,627.0 Food and beverage ​ — ​ 688.7 ​ 172.6 ​ — ​ 861.3 Other theatre ​ — ​ 143.6 ​ 74.6 ​ — ​ 218.2 Total revenues ​ — ​ 2,028.3 ​ 678.2 ​ — ​ 2,706.5 Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Film exhibition costs ​ — ​ 667.5 ​ 180.3 ​ — ​ 847.8 Food and beverage costs ​ — ​ 99.0 ​ 38.9 ​ — ​ 137.9 Operating expense, excluding depreciation and amortization ​ — ​ 606.5 ​ 233.7 ​ — ​ 840.2 Rent ​ — ​ 356.2 ​ 131.7 ​ — ​ 487.9 General and administrative: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Merger, acquisition and transaction costs ​ — ​ 3.5 ​ 3.0 ​ — ​ 6.5 Other, excluding depreciation and amortization ​ — ​ 52.4 ​ 37.0 ​ — ​ 89.4 Depreciation and amortization ​ — ​ 167.9 ​ 57.1 ​ — ​ 225.0 Operating costs and expenses ​ — ​ 1,953.0 ​ 681.7 ​ — ​ 2,634.7 Operating income (loss) ​ — ​ 75.3 ​ (3.5) ​ — ​ 71.8 Other expense (income): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in net loss of subsidiaries ​ 303.7 ​ 215.0 ​ — ​ (518.7) ​ — Other expense (income) ​ ​ (12.0) ​ ​ 18.2 ​ ​ 0.2 ​ ​ — ​ ​ 6.4 Interest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate borrowings ​ 144.5 ​ 145.3 ​ 1.4 ​ (145.7) ​ 145.5 Capital and financing lease obligations ​ — ​ 1.4 ​ 2.8 ​ — ​ 4.2 Non-cash NCM exhibitor service agreement ​ ​ — ​ ​ 20.3 ​ ​ — ​ ​ — ​ ​ 20.3 Intercompany interest expense ​ ​ — ​ ​ — ​ ​ 218.9 ​ ​ (218.9) ​ ​ — Equity in earnings of non-consolidated entities ​ — ​ (16.0) ​ (0.7) ​ — ​ (16.7) Investment income ​ (355.4) ​ (14.5) ​ (12.9) ​ 364.6 ​ (18.2) Total other expense (income) ​ 80.8 ​ 369.7 ​ 209.7 ​ (518.7) ​ 141.5 Loss before income taxes ​ (80.8) ​ (294.4) ​ (213.2) ​ 518.7 ​ (69.7) Income tax provision ​ — ​ 9.3 ​ 1.8 ​ — ​ 11.1 Net loss ​ $ (80.8) ​ $ (303.7) ​ $ (215.0) ​ $ 518.7 ​ $ (80.8) ​ Condensed Consolidating Statement of Operations Six Months Ended June 30, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings ​ Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Revenues ​ ​ ​ ​ ​ Admissions ​ $ — ​ $ 1,298.9 ​ $ 472.4 ​ $ — ​ $ 1,771.3 Food and beverage ​ — ​ 680.7 ​ 170.9 ​ — ​ 851.6 Other theatre ​ — ​ 131.7 ​ 71.5 ​ — ​ 203.2 Total revenues ​ — ​ 2,111.3 ​ 714.8 ​ — ​ 2,826.1 Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Film exhibition costs ​ — ​ 707.6 ​ 190.3 ​ — ​ 897.9 Food and beverage costs ​ — ​ 98.6 ​ 39.8 ​ — ​ 138.4 Operating expense, excluding depreciation and amortization ​ — ​ 582.5 ​ 253.9 ​ — ​ 836.4 Rent ​ — ​ 278.7 ​ 110.7 ​ — ​ 389.4 General and administrative: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Merger, acquisition and transaction costs ​ — ​ 6.2 ​ 2.8 ​ — ​ 9.0 Other, excluding depreciation and amortization ​ — ​ 52.9 ​ 34.3 ​ — ​ 87.2 Depreciation and amortization ​ — ​ 191.3 ​ 76.9 ​ — ​ 268.2 Operating costs and expenses ​ — ​ 1,917.8 ​ 708.7 ​ — ​ 2,626.5 Operating income ​ — ​ 193.5 ​ 6.1 ​ — ​ 199.6 Other expense (income): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in net (earnings) loss of subsidiaries ​ (47.8) ​ 7.3 ​ — ​ 40.5 ​ — Other expense ​ ​ 1.0 ​ ​ 0.5 ​ ​ 1.9 ​ ​ — ​ ​ 3.4 Interest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate borrowings ​ 122.1 ​ 125.7 ​ 1.9 ​ (125.8) ​ 123.9 Capital and financing lease obligations ​ — ​ 9.0 ​ 11.1 ​ — ​ 20.1 Non-cash NCM exhibitor service agreement ​ ​ — ​ ​ 20.9 ​ ​ — ​ ​ — ​ ​ 20.9 Equity in earnings of non-consolidated entities ​ — ​ (3.6) ​ (0.4) ​ — ​ (4.0) Investment income ​ (115.2) ​ (16.6) ​ (0.7) ​ 125.8 ​ (6.7) Total other expense (income) ​ (39.9) ​ 143.2 ​ 13.8 ​ 40.5 ​ 157.6 Earnings (loss) before income taxes ​ 39.9 ​ 50.3 ​ (7.7) ​ (40.5) ​ 42.0 Income tax provision (benefit) ​ — ​ 2.5 ​ (0.4) ​ — ​ 2.1 Net earnings (loss) ​ $ 39.9 ​ $ 47.8 ​ $ (7.3) ​ $ (40.5) ​ $ 39.9 ​ Condensed Consolidating Statement of Comprehensive Income (Loss) Three Months Ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Net earnings (loss) $ 49.4 $ (9.1) $ (18.2) $ 27.3 $ 49.4 ​ Other comprehensive income (loss): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in other comprehensive loss of subsidiaries ​ (9.2) ​ (4.1) ​ — ​ 13.3 ​ — ​ Unrealized foreign currency translation adjustment, net of tax ​ — ​ (5.1) ​ (4.2) ​ — ​ (9.3) ​ Realized loss on foreign currency transactions reclassified into other expense, net of tax ​ ​ — ​ ​ 0.1 ​ ​ — ​ ​ — ​ ​ 0.1 ​ Pension and other benefit adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net gain arising during the period, net of tax ​ ​ — ​ ​ — ​ ​ 0.1 ​ ​ — ​ ​ 0.1 ​ Equity method investees’ cash flow hedge: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized net holding loss arising during the period, net of tax ​ — ​ (0.1) ​ — ​ — ​ (0.1) ​ Other comprehensive loss ​ (9.2) ​ (9.2) ​ (4.1) ​ 13.3 ​ (9.2) ​ Total comprehensive income (loss) ​ $ 40.2 ​ $ (18.3) ​ $ (22.3) ​ $ 40.6 ​ $ 40.2 ​ ​ ​ Condensed Consolidating Statement of Comprehensive Income (Loss) Three Months Ended June 30, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Net earnings (loss) $ 22.2 $ 26.5 $ (25.5) $ (1.0) $ 22.2 ​ Other comprehensive income (loss): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in other comprehensive loss of subsidiaries ​ (107.2) ​ (86.0) ​ — ​ 193.2 ​ — ​ Unrealized foreign currency translation adjustment, net of tax ​ — ​ (22.0) ​ (85.6) ​ — ​ (107.6) ​ Realized loss on foreign currency transactions reclassified into other expense, net of tax ​ ​ — ​ ​ 1.0 ​ ​ — ​ ​ — ​ ​ 1.0 ​ Pension and other benefit adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss arising during period, net of tax ​ ​ — ​ ​ — ​ ​ (0.4) ​ ​ — ​ ​ (0.4) ​ Equity method investees’ cash flow hedge: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Realized net holding gain reclassified to equity in earnings of non-consolidated entities, net of tax ​ — ​ (0.2) ​ — ​ — ​ (0.2) ​ Other comprehensive loss ​ (107.2) ​ (107.2) ​ (86.0) ​ 193.2 ​ (107.2) ​ Total comprehensive loss ​ $ (85.0) ​ $ (80.7) ​ $ (111.5) ​ $ 192.2 ​ $ (85.0) ​ ​ ​ Condensed Consolidating Statement of Comprehensive Income (Loss) Six Months Ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Net loss $ (80.8) $ (303.7) $ (215.0) $ 518.7 $ (80.8) ​ Other comprehensive income (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in other comprehensive loss of subsidiaries ​ (34.1) ​ (19.3) ​ — ​ 53.4 ​ — ​ Unrealized foreign currency translation adjustment, net of tax ​ ​ — ​ (15.4) ​ (19.3) ​ — ​ (34.7) ​ Realized loss on foreign currency transactions, net of tax ​ — ​ 0.6 ​ — ​ — ​ 0.6 ​ Pension and other benefit adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net gain arising during the period, net of tax ​ ​ — ​ ​ 0.1 ​ ​ — ​ ​ — ​ ​ 0.1 ​ Equity method investees’ cash flow hedge: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized net holding loss arising during the period, net of tax ​ — ​ (0.1) ​ — ​ — ​ (0.1) ​ Other comprehensive loss ​ (34.1) ​ (34.1) ​ (19.3) ​ 53.4 ​ (34.1) ​ Total comprehensive loss ​ $ (114.9) ​ $ (337.8) ​ $ (234.3) ​ $ 572.1 ​ $ (114.9) ​ ​ ​ Condensed Consolidating Statement of Comprehensive Income (Loss) Six Months Ended June 30, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Net earnings (loss) $ 39.9 $ 47.8 $ (7.3) $ (40.5) $ 39.9 ​ Other comprehensive income (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in other comprehensive loss of subsidiaries ​ (96.5) ​ (70.0) ​ — ​ 166.5 ​ — ​ Unrealized foreign currency translation adjustment, net of tax ​ — ​ (27.4) ​ (68.5) ​ — ​ (95.9) ​ Realized loss on foreign currency transactions, net of tax ​ ​ — ​ ​ 1.0 ​ ​ — ​ ​ ​ ​ ​ 1.0 ​ Pension and other benefit adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss arising during the period, net of tax ​ — ​ — ​ (1.5) ​ — ​ (1.5) ​ Equity method investees’ cash flow hedge: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized net holding loss arising during the period, net of tax ​ — ​ 0.2 ​ — ​ — ​ 0.2 ​ Realized net loss reclassified to equity in earnings of non-consolidated entities, net of tax ​ — ​ (0.3) ​ — ​ — ​ (0.3) ​ Other comprehensive loss ​ (96.5) ​ (96.5) ​ (70.0) ​ 166.5 ​ (96.5) ​ Total comprehensive loss ​ $ (56.6) ​ $ (48.7) ​ $ (77.3) ​ $ 126.0 ​ $ (56.6) ​ ​ ​ Condensed Consolidating Balance Sheet As of June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings ​ Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Assets ​ ​ ​ ​ ​ Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 0.3 ​ $ 99.2 ​ $ 91.0 ​ $ — ​ $ 190.5 Restricted cash ​ ​ — ​ ​ — ​ ​ 10.7 ​ ​ — ​ ​ 10.7 Receivables, net ​ — ​ 156.2 ​ 77.9 ​ (5.6) ​ 228.5 Other current assets ​ — ​ 115.5 ​ 44.8 ​ — ​ 160.3 Total current assets ​ 0.3 ​ 370.9 ​ 224.4 ​ (5.6) ​ 590.0 Investment in equity of subsidiaries ​ 668.4 ​ 1,201.7 ​ — ​ (1,870.1) ​ — Property, net ​ — ​ 1,972.9 ​ 641.0 ​ — ​ 2,613.9 Operating right-of-use assets, net ​ ​ — ​ ​ 3,482.0 ​ ​ 1,316.9 ​ ​ — ​ ​ 4,798.9 Intangible assets, net ​ — ​ 132.3 ​ 65.3 ​ — ​ 197.6 Intercompany advances ​ 5,354.7 ​ (4,326.1) ​ (1,028.6) ​ — ​ — Goodwill ​ (2.1) ​ 3,074.7 ​ 1,690.4 ​ — ​ 4,763.0 Deferred tax asset, net ​ — ​ — ​ 31.1 ​ — ​ 31.1 Other long-term assets ​ 58.2 ​ 334.7 ​ 127.5 ​ — ​ 520.4 Total assets ​ $ 6,079.5 ​ $ 6,243.1 ​ $ 3,068.0 ​ $ (1,875.7) ​ $ 13,514.9 Liabilities and Stockholders’ Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ $ — ​ $ 318.2 ​ $ 110.5 ​ $ (5.5) ​ $ 423.2 Accrued expenses and other liabilities ​ 21.3 ​ 168.7 ​ 127.9 ​ (0.1) ​ 317.8 Deferred revenues and income ​ — ​ 292.4 ​ 77.4 ​ — ​ 369.8 Current maturities of corporate borrowings ​ 20.0 ​ 1.4 ​ — ​ — ​ 21.4 Current maturities of finance lease liabilities ​ ​ — ​ ​ 5.6 ​ ​ 5.3 ​ ​ — ​ ​ 10.9 Current maturities of operating lease liabilities ​ ​ — ​ ​ 439.3 ​ ​ 131.5 ​ ​ — ​ ​ 570.8 Total current liabilities ​ 41.3 ​ 1,225.6 ​ 452.6 ​ (5.6) ​ 1,713.9 Corporate borrowings ​ 4,713.1 ​ — ​ — ​ — ​ 4,713.1 Finance lease liabilities ​ — ​ 22.5 ​ 86.9 ​ — ​ 109.4 Operating lease liabilities ​ ​ — ​ ​ 3,607.1 ​ ​ 1,244.9 ​ ​ ​ ​ ​ 4,852.0 Exhibitor services agreement ​ — ​ 557.7 ​ — ​ — ​ 557.7 Deferred tax liability, net ​ ​ — ​ ​ 26.2 ​ ​ 25.5 ​ ​ — ​ ​ 51.7 Other long-term liabilities ​ — ​ 135.6 ​ 56.4 ​ — ​ 192.0 Total liabilities ​ 4,754.4 ​ 5,574.7 ​ 1,866.3 ​ (5.6) ​ 12,189.8 Stockholders’ equity ​ 1,325.1 ​ 668.4 ​ 1,201.7 ​ (1,870.1) ​ 1,325.1 Total liabilities and stockholders’ equity ​ $ 6,079.5 ​ $ 6,243.1 ​ $ 3,068.0 ​ $ (1,875.7) ​ $ 13,514.9 ​ Condensed Consolidating Balance Sheet As of December 31, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings ​ Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Assets ​ ​ ​ ​ ​ Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 0.3 ​ $ 177.8 ​ $ 135.2 ​ $ — ​ $ 313.3 Restricted cash ​ ​ — ​ ​ — ​ ​ 10.7 ​ ​ — ​ ​ 10.7 Receivables, net ​ — ​ 163.0 ​ 100.9 ​ (4.4) ​ 259.5 Other current assets ​ — ​ 140.7 ​ 57.1 ​ — ​ 197.8 Total current assets ​ 0.3 ​ 481.5 ​ 303.9 ​ (4.4) ​ 781.3 Investment in equity of subsidiaries ​ 719.0 ​ 1,430.1 ​ — ​ (2,149.1) ​ — Property, net ​ — ​ 2,152.3 ​ 887.3 ​ — ​ 3,039.6 Intangible assets, net ​ — ​ 225.6 ​ 126.5 ​ — ​ 352.1 Intercompany advances ​ 5,362.3 ​ (4,512.3) ​ (850.0) ​ — ​ — Goodwill ​ (2.1) ​ 3,074.7 ​ 1,716.1 ​ — ​ 4,788.7 Deferred tax asset, net ​ — ​ — ​ 28.6 ​ — ​ 28.6 Other long-term assets ​ 59.8 ​ 316.2 ​ 129.5 ​ — ​ 505.5 Total assets ​ $ 6,139.3 ​ $ 3,168.1 ​ $ 2,341.9 ​ $ (2,153.5) ​ $ 9,495.8 Liabilities and Stockholders’ Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ $ — ​ $ 327.2 ​ $ 129.9 ​ $ (4.5) ​ $ 452.6 Accrued expenses and other liabilities ​ 31.5 ​ 197.5 ​ 149.4 ​ 0.1 ​ 378.5 Deferred revenues and income ​ — ​ 314.0 ​ 100.8 ​ — ​ 414.8 Current maturities of corporate borrowings ​ ​ 13.8 ​ ​ 1.4 ​ ​ — ​ ​ — ​ ​ 15.2 Current maturities of capital and financing lease obligations ​ — ​ 38.6 ​ 28.4 ​ — ​ 67.0 Total current liabilities ​ 45.3 ​ 878.7 ​ 408.5 ​ (4.4) ​ 1,328.1 Corporate borrowings ​ 4,696.0 ​ — ​ 11.8 ​ — ​ 4,707.8 Capital and financing lease obligations ​ — ​ 194.3 ​ 298.9 ​ — ​ 493.2 Exhibitor services agreement ​ — ​ 564.0 ​ — ​ — ​ 564.0 Deferred tax liability, net ​ ​ — ​ ​ 17.7 ​ ​ 23.9 ​ ​ — ​ ​ 41.6 Other long-term liabilities ​ — ​ 794.4 ​ 168.7 ​ — ​ 963.1 Total liabilities ​ 4,741.3 ​ 2,449.1 ​ 911.8 ​ (4.4) ​ 8,097.8 Temporary equity ​ 0.4 ​ — ​ — ​ — ​ 0.4 Stockholders’ equity ​ 1,397.6 ​ 719.0 ​ 1,430.1 ​ (2,149.1) ​ 1,397.6 Total liabilities and stockholders’ equity ​ $ 6,139.3 ​ $ 3,168.1 ​ $ 2,341.9 ​ $ (2,153.5) ​ $ 9,495.8 ​ Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings ​ Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Cash flows from operating activities: ​ ​ ​ ​ ​ ​ Net cash provided by (used in) operating activities ​ $ 238.9 ​ $ (135.9) ​ $ 50.6 ​ $ — ​ $ 153.6 ​ Cash flows from investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ — ​ (159.6) ​ (70.3) ​ — ​ (229.9) ​ Acquisition of theatre assets ​ ​ — ​ ​ (11.8) ​ ​ — ​ ​ — ​ ​ (11.8) ​ Proceeds from disposition of long-term assets ​ — ​ 6.0 ​ 15.3 ​ — ​ 21.3 ​ Investments in non-consolidated entities, net ​ — ​ (0.1) ​ — ​ — ​ (0.1) ​ Other, net ​ — ​ (0.8) ​ — ​ — ​ (0.8) ​ Net cash used in investing activities ​ — ​ (166.3) ​ (55.0) ​ — ​ (221.3) ​ Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Proceeds from issuance of Term Loan due 2026 ​ ​ 1,990.0 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,990.0 ​ Payment of principal Senior Secured Notes due 2023 ​ ​ (230.0) ​ ​ — ​ ​ — ​ ​ — ​ ​ (230.0) ​ Payment of principal Senior Subordinated Notes due 2022 ​ ​ (375.0) ​ ​ — ​ ​ — ​ ​ — ​ ​ (375.0) ​ Call premiums paid for Senior Secured Notes due 2023 and Senior Subordinated Notes due 2022 ​ ​ (15.9) ​ ​ — ​ ​ — ​ ​ — ​ ​ (15.9) ​ Principal payments under Term Loans due 2022 and 2023 ​ (1,338.5) ​ — ​ — ​ — ​ (1,338.5) ​ Repayments under Revolving Credit Facility ​ ​ — ​ ​ — ​ ​ (12.0) ​ ​ — ​ ​ (12.0) ​ Scheduled principal payments under Term Loans ​ ​ (11.9) ​ ​ — ​ ​ — ​ ​ — ​ ​ (11.9) ​ Principal payments under capital and financing lease obligations ​ ​ — ​ ​ (3.6) ​ ​ (2.5) ​ ​ — ​ ​ (6.1) ​ Cash used to pay debt financing costs ​ (11.2) ​ — ​ — ​ — ​ (11.2) ​ Cash used to pay dividends ​ (42.6) ​ — ​ — ​ — ​ (42.6) ​ Taxes paid for restricted unit withholdings ​ ​ (1.3) ​ ​ — ​ ​ — ​ ​ — ​ ​ (1.3) ​ Change in intercompany advances ​ ​ (203.3) ​ ​ 227.7 ​ ​ (24.4) ​ ​ — ​ ​ — ​ Net cash provided by (used in) financing activities ​ (239.7) ​ 224.1 ​ (38.9) ​ — ​ (54.5) ​ Effect of exchange rate changes on cash and cash equivalents and restricted cash ​ 0.8 ​ (0.4) ​ (1.0) ​ — ​ (0.6) ​ Net increase (decrease) in cash and cash equivalents and restricted cash ​ ​ (0.0) ​ (78.5) ​ (44.3) ​ — ​ (122.8) ​ Cash and cash equivalents and restricted cash at beginning of period ​ 0.3 ​ 177.7 ​ 146.0 ​ — ​ 324.0 ​ Cash and cash equivalents and restricted cash at end of period ​ $ 0.3 ​ $ 99.2 ​ $ 101.7 ​ $ — ​ $ 201.2 ​ ​ Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Cash flows from operating activities: ​ ​ ​ ​ ​ Net cash provided by operating activities ​ $ 10.7 ​ $ 279.3 ​ $ 7.1 ​ $ — ​ $ 297.1 Cash flows from investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ — ​ (172.0) ​ (69.1) ​ — ​ (241.1) Proceeds from sale leaseback transactions ​ ​ — ​ ​ 50.1 ​ ​ — ​ ​ — ​ ​ 50.1 Proceeds from disposition of NCM, Inc. shares ​ ​ — ​ ​ 7.1 ​ ​ — ​ ​ — ​ ​ 7.1 Proceeds from disposition of long-term assets ​ ​ — ​ ​ 7.9 ​ ​ 5.6 ​ ​ — ​ ​ 13.5 Investments in non-consolidated entities, net ​ — ​ (10.7) ​ — ​ — ​ (10.7) Other, net ​ — ​ (1.1) ​ 0.7 ​ — ​ (0.4) Net cash used in investing activities ​ — ​ (118.7) ​ (62.8) ​ — ​ (181.5) Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal payments under Term Loan ​ (6.9) ​ — ​ — ​ — ​ (6.9) Principal payments under capital and financing lease obligations ​ ​ — ​ ​ (20.1) ​ ​ (15.8) ​ ​ — ​ ​ (35.9) Cash used to pay deferred financing costs ​ (2.2) ​ — ​ — ​ — ​ (2.2) Cash used to pay dividends ​ (51.4) ​ — ​ — ​ — ​ (51.4) Taxes paid for restricted unit withholdings ​ ​ (1.7) ​ ​ — ​ ​ — ​ ​ — ​ ​ (1.7) Purchase of treasury stock ​ ​ (19.8) ​ ​ — ​ ​ — ​ ​ — ​ ​ (19.8) Change in intercompany advances ​ ​ 145.4 ​ ​ (120.1) ​ ​ (25.3) ​ ​ — ​ ​ — Net cash provided by (used in) financing activities ​ 63.4 ​ (140.2) ​ (41.1) ​ — ​ (117.9) Effect of exchange rate changes on cash and cash equivalents and restricted cash ​ (14.7) ​ 25.9 ​ 0.2 ​ — ​ 11.4 Net increase (decrease) in cash and cash equivalents and restricted cash ​ ​ 59.4 ​ 46.3 ​ (96.6) ​ — ​ 9.1 Cash and cash equivalents and restricted cash at beginning of period ​ 1.1 ​ 95.9 ​ 221.3 ​ — ​ 318.3 Cash and cash equivalents and restricted cash at end of period ​ $ 60.5 ​ $ 142.2 ​ $ 124.7 ​ $ — ​ $ 327.4 ​

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2019
BASIS OF PRESENTATION
Use of Estimates	Use of Estimates: The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Principles of Consolidation	Principles of Consolidation: The accompanying unaudited condensed consolidated financial statements include the accounts of Holdings and all subsidiaries, as discussed above, and should be read in conjunction with the Company’s Annual Report on Form 10–K for the year ended December 31, 2018. The accompanying condensed consolidated balance sheet as of December 31, 2018, which was derived from audited financial statements, and the unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and in accordance with the instructions to Form 10–Q. Accordingly, they do not include all of the information and footnotes required by the accounting principles generally accepted in the United States of America for complete consolidated financial statements. In the opinion of management, these interim financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair statement of the Company’s financial position and results of operations. All significant intercompany balances and transactions have been eliminated in consolidation. There are no
Accumulated depreciation and amortization	Accumulated depreciation and amortization: Accumulated depreciation was
Other Expense (Income)	Other expense (income): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In thousands) ​ June 30, 2019 ​ June 30, 2018 ​ June 30, 2019 ​ June 30, 2018 Derivative liability fair value adjustment for embedded conversion feature in the Convertible Notes due 2024 ​ $ (33.9) ​ $ — ​ $ (20.6) ​ $ — Derivative asset fair value adjustment for contingent call option related to the Class B common stock purchase and cancellation agreement ​ ​ (7.1) ​ ​ — ​ ​ 8.0 ​ ​ — Loss on Pound sterling forward contract ​ ​ 0.7 ​ ​ 0.8 ​ ​ 1.0 ​ ​ 0.4 Foreign currency transactions losses ​ ​ 0.1 ​ ​ 1.0 ​ ​ 0.6 ​ ​ 1.0 Non-operating components of net periodic benefit cost ​ ​ 0.4 ​ ​ 0.1 ​ ​ 0.5 ​ ​ 0.1 Loss on repayment of indebtedness ​ ​ 16.6 ​ ​ — ​ ​ 16.6 ​ ​ — Other ​ ​ (0.2) ​ ​ 0.3 ​ ​ 0.3 ​ ​ 1.9 Total other expense (income) ​ $ (23.4) ​ $ 2.2 ​ $ 6.4 ​ $ 3.4
Accounting Pronouncements Recently Adopted	Accounting Pronouncements Recently Adopted ​ Leases. — ​ Accounting Pronouncements Issued Not Yet Adopted ​ Financial Instruments. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which provides new guidance regarding the measurement and recognition of credit impairment for certain financial assets. Such guidance will impact how the Company determines its allowance for estimated uncollectible receivables and evaluates its available-for-sale investments for impairment. ASU 2016-13 is effective for the Company in the first quarter of 2020. The Company is currently evaluating the effect that ASU 2016-13 will have on its consolidated financial statements and related disclosures. ​ Fair Value Measurement. ​ Cloud Computing Arrangement. retrospectively in accordance with ASC 250-10-45. The Company is currently evaluating the effect that ASU 2018-15 will have on its consolidated financial statements.

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	6 Months Ended
	Jun. 30, 2019
BASIS OF PRESENTATION
Schedule of Components of Other Expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In thousands) ​ June 30, 2019 ​ June 30, 2018 ​ June 30, 2019 ​ June 30, 2018 Derivative liability fair value adjustment for embedded conversion feature in the Convertible Notes due 2024 ​ $ (33.9) ​ $ — ​ $ (20.6) ​ $ — Derivative asset fair value adjustment for contingent call option related to the Class B common stock purchase and cancellation agreement ​ ​ (7.1) ​ ​ — ​ ​ 8.0 ​ ​ — Loss on Pound sterling forward contract ​ ​ 0.7 ​ ​ 0.8 ​ ​ 1.0 ​ ​ 0.4 Foreign currency transactions losses ​ ​ 0.1 ​ ​ 1.0 ​ ​ 0.6 ​ ​ 1.0 Non-operating components of net periodic benefit cost ​ ​ 0.4 ​ ​ 0.1 ​ ​ 0.5 ​ ​ 0.1 Loss on repayment of indebtedness ​ ​ 16.6 ​ ​ — ​ ​ 16.6 ​ ​ — Other ​ ​ (0.2) ​ ​ 0.3 ​ ​ 0.3 ​ ​ 1.9 Total other expense (income) ​ $ (23.4) ​ $ 2.2 ​ $ 6.4 ​ $ 3.4

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2019
LEASES
Schedule of operating and finance ROU assets and lease liabilities	​ ​ ​ ​ ​ ​ ​ (In millions) ​ Balance Sheet Classification ​ June 30, 2019 Assets ​ ​ ​ ​ Operating lease right-of-use assets (1) ​ Operating lease right-of-use assets ​ $ 4,798.9 Finance lease right-of-use assets (2) ​ Property, net ​ ​ 92.8 Total leased assets ​ ​ ​ $ 4,891.7 ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ Current ​ ​ ​ ​ ​ Operating lease liabilities (1) ​ Current maturities of operating lease liabilities ​ $ 570.8 Finance lease liabilities (2) ​ Current maturities of finance lease liabilities ​ ​ 10.9 Noncurrent ​ ​ ​ ​ ​ Operating lease liabilities (1) ​ Operating lease liabilities ​ ​ 4,852.0 Finance lease liabilities (2) ​ Finance lease liabilities ​ ​ 109.4 Total lease liabilities ​ ​ ​ $ 5,543.1 (1) ​ (2)
Schedule of lease impact on the income statement	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2019 ​ ​ Without Adoption of ​ U.S. Markets ​ International Markets ​ ​ (In millions) ​ ASC 842 ​ Adjustments ​ Adjustments ​ As Reported Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rent (1)(2)(4) ​ $ 215.5 ​ $ 17.4 ​ $ 13.0 ​ $ 245.9 Depreciation and amortization (2)(3) ​ ​ 136.0 ​ ​ (13.4) ​ ​ (10.6) ​ ​ 112.0 Operating costs and expenses ​ ​ 1,394.2 ​ ​ 4.0 ​ ​ 2.4 ​ ​ 1,400.6 Operating income ​ ​ 111.9 ​ ​ (4.0) ​ ​ (2.4) ​ ​ 105.5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other expense (income) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital and financing lease obligations (1) ​ ​ 9.0 ​ ​ (3.3) ​ ​ (3.6) ​ ​ 2.1 Net earnings ​ ​ 48.9 ​ ​ (0.7) ​ ​ 1.2 ​ ​ 49.4 (1) ​ (2) ​ (3) ​ (4)
Schedule of components of lease costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Condensed Consolidated ​ Three Months Ended ​ Six Months Ended (In millions) ​ Statement of Operations ​ June 30, 2019 ​ June 30, 2019 Operating lease cost ​ ​ ​ ​ ​ ​ ​ Theatre properties ​ Rent ​ $ 220.7 ​ $ 439.6 Theatre properties ​ Operating expense ​ ​ 1.2 ​ ​ 2.9 Equipment ​ Operating expense ​ ​ 3.5 ​ ​ 7.0 Office and other ​ General and administrative: other ​ ​ 1.4 ​ ​ 2.7 Finance lease cost ​ ​ ​ ​ ​ ​ ​ ​ Amortization of finance lease assets ​ Depreciation and amortization ​ ​ 2.5 ​ ​ 5.2 Interest on lease liabilities ​ Finance lease liabilities ​ ​ 2.1 ​ ​ 4.2 Variable lease cost ​ ​ ​ ​ ​ ​ ​ ​ Theatre properties ​ Rent ​ ​ 25.2 ​ ​ 48.3 Equipment ​ Operating expense ​ ​ 19.1 ​ ​ 29.8 Total lease cost ​ ​ ​ $ 275.7 ​ $ 539.7
Schedule of weighted average remaining lease term and discount rate	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2019 ​ ​ Weighted Average ​ Weighted Average ​ ​ Remaining ​ Discount Lease Term and Discount Rate ​ Lease Term (years) ​ Rate Operating leases ​ ​ 10.0 ​ ​ 7.3% Finance leases ​ ​ 13.1 ​ ​ 6.4%
Schedule of cash flow and supplemental information	​ ​ ​ ​ ​ ​ ​ Six Months Ended (In millions) ​ June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ Operating cash flows used in finance leases ​ $ (4.2) Operating cash flows used in operating lease cost ​ ​ (468.2) Financing cash flows used in finance leases ​ ​ (6.1) ​ ​ ​ ​ Landlord contributions: ​ ​ ​ Operating cashflows provided by operating leases ​ ​ 64.8 Supplemental disclosure of noncash leasing activities: ​ ​ ​ Right-of-use assets obtained in exchange for new operating lease liabilities (1) ​ ​ 115.5
Schedule of minimum annual payments required under exixting leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Lease ​ Financing Lease (In millions) ​ Payments (1)(2) ​ Payments Six months ended December 31, 2019 ​ $ 470.8 ​ $ 9.1 2020 ​ ​ 922.8 ​ ​ 18.3 2021 ​ ​ 863.2 ​ ​ 17.2 2022 ​ ​ 803.5 ​ ​ 16.8 2023 ​ ​ 709.6 ​ ​ 13.7 2024 ​ ​ 633.8 ​ ​ 12.5 Thereafter ​ ​ 3,321.2 ​ ​ 92.1 Total lease payments ​ ​ 7,724.9 ​ ​ 179.7 Less imputed interest ​ ​ (2,302.1) ​ ​ (59.4) Total ​ $ 5,422.8 ​ $ 120.3 (1) ​ (2)
Schedule of minimum annual payments required under leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital and Finance Lease Obligations ​ ​ Minimum Operating ​ Minimum Lease ​ ​ ​ ​ ​ ​ (In millions) ​ Lease Payments ​ Payments ​ Less Interest ​ Principal 2019 ​ $ 810.2 ​ $ 100.7 ​ $ 33.7 ​ $ 67.0 2020 ​ ​ 801.9 ​ ​ 96.6 ​ ​ 29.4 ​ ​ 67.2 2021 ​ ​ 748.9 ​ ​ 87.8 ​ ​ 25.2 ​ ​ 62.6 2022 ​ ​ 687.5 ​ ​ 82.7 ​ ​ 21.1 ​ ​ 61.6 2023 ​ ​ 597.1 ​ ​ 70.4 ​ ​ 17.3 ​ ​ 53.1 Thereafter ​ ​ 3,367.6 ​ ​ 331.5 ​ ​ 82.7 ​ ​ 248.8 Total minimum payments required ​ $ 7,013.2 ​ $ 769.7 ​ $ 209.4 ​ $ 560.3

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Jun. 30, 2019
REVENUE RECOGNITION
Schedule of disaggregated revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ Six Months Ended (In millions) ​ June 30, 2019 ​ June 30, 2018 Major revenue types ​ ​ ​ ​ Admissions ​ $ 1,627.0 ​ $ 1,771.3 Food and beverage ​ ​ 861.3 ​ ​ 851.6 Other theatre: ​ ​ ​ ​ ​ ​ Advertising ​ ​ 70.2 ​ ​ 71.3 Other theatre ​ ​ 148.0 ​ ​ 131.9 Other theatre ​ ​ 218.2 ​ ​ 203.2 Total revenues ​ $ 2,706.5 ​ $ 2,826.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ Six Months Ended (In millions) ​ June 30, 2019 ​ June 30, 2018 Timing of revenue recognition ​ ​ ​ ​ Products and services transferred at a point in time ​ $ 2,520.2 ​ $ 2,729.4 Products and services transferred over time (1) ​ ​ 186.3 ​ ​ 96.7 Total revenues ​ $ 2,706.5 ​ $ 2,826.1 (1) Amounts primarily include subscription and advertising revenues. ​
Schedule of contract balances	​ ​ ​ ​ ​ ​ ​ ​ (In millions) ​ June 30, 2019 ​ December 31, 2018 Current assets: ​ ​ ​ ​ ​ ​ Receivables related to contracts with customers ​ $ 123.3 ​ $ 183.2 Miscellaneous receivables ​ ​ 105.2 ​ ​ 76.3 Receivables, net ​ $ 228.5 ​ $ 259.5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In millions) ​ June 30, 2019 ​ December 31, 2018 Current liabilities: ​ ​ ​ ​ ​ ​ Deferred revenue related to contracts with customers ​ $ 366.5 ​ $ 412.8 Miscellaneous deferred income ​ ​ 3.3 ​ ​ 2.0 Deferred revenue and income ​ $ 369.8 ​ $ 414.8
Schedule of changes in customer contracts	​ ​ ​ ​ ​ ​ ​ Deferred Revenues ​ ​ Related to Contracts (In millions) ​ with Customers Balance as of December 31, 2018 ​ $ 412.8 Cash received in advance (1) ​ ​ 202.0 Customer loyalty rewards accumulated, net of expirations: ​ ​ ​ Admission revenues (2) ​ ​ 16.8 Food and beverage (2) ​ ​ 36.2 Other theatre (2) ​ ​ 1.8 Reclassification to revenue as the result of performance obligations satisfied: ​ ​ ​ Admission revenues (3) ​ ​ (204.0) Food and beverage (3) ​ ​ (49.4) Other theatre (4) ​ ​ (47.9) Disposition of Austria theatres ​ ​ (1.2) Foreign currency translation adjustment ​ ​ (0.6) Balance as of June 30, 2019 ​ $ 366.5 (1) ® ​ (2) ® ​ (3) ® ​ (4) ® ​ The significant changes to contract liabilities included in the exhibitor services agreement, classified as long-term liabilities in the condensed consolidated balance sheets, are as follows: ​ ​ ​ ​ ​ ​ ​ Exhibitor Services (In millions) ​ Agreement Balance as of December 31, 2018 $ 564.0 Common Unit Adjustment–additions of common units (1) ​ ​ 1.4 Reclassification of the beginning balance to other theatre revenue, as the result of performance obligations satisfied ​ ​ (7.7) Balance as of June 30, 2019 $ 557.7 (1)
Schedule of components of liabilities included in the exhibitor services agreement	​ ​ ​ ​ ​ (In millions) ​ Exhibitor services agreement Six Months Ended December 31, 2019 ​ $ 8.0 Year Ended 2020 ​ ​ 16.9 Year Ended 2021 ​ ​ 18.1 Year Ended 2022 ​ ​ 19.5 Year Ended 2023 ​ ​ 20.9 Year Ended 2024 ​ ​ 22.5 Years Ended 2025 through February 2037 ​ ​ 451.8 Total ​ $ 557.7

GOODWILL (Tables)

GOODWILL (Tables)	6 Months Ended
	Jun. 30, 2019
GOODWILL
Schedule of Activity of Goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In millions) U.S. Markets International Markets ​ Total Balance as of December 31, 2018 ​ $ 3,072.6 ​ $ 1,716.1 ​ $ 4,788.7 Currency translation adjustment ​ ​ — ​ ​ (25.7) ​ ​ (25.7) Balance as of June 30, 2019 ​ $ 3,072.6 ​ $ 1,690.4 ​ $ 4,763.0 ​ ​

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2019
Investments
Schedule of Condensed Financial Information of Non-consolidated Equity Method Investments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In millions) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Revenues $ 48.0 $ 42.5 $ 85.7 $ 83.6 Operating costs and expenses ​ ​ 19.5 ​ ​ 20.3 ​ ​ 38.7 ​ ​ 39.9 Net earnings $ 28.5 $ 22.2 $ 47.0 $ 43.7
Schedule of Components of Recorded Equity in Earnings (Losses) of Non-consolidated Entities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In millions) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 NCM and NCM, Inc. ​ $ — ​ $ 5.8 ​ $ — ​ $ (11.6) DCIP ​ 9.0 ​ 6.8 ​ 14.6 ​ 13.5 Other ​ 1.2 ​ 0.4 ​ 2.1 ​ 2.1 The Company’s recorded equity in earnings ​ $ 10.2 ​ $ 13.0 ​ $ 16.7 ​ $ 4.0
DCM
Investments
Schedule of Transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of As of (In millions) June 30, 2019 December 31, 2018 Due from DCM for on-screen advertising revenue ​ $ 2.4 ​ $ 2.8 Loan receivable from DCM ​ ​ 0.7 ​ ​ 0.6 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended Six Months Ended (In millions) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 DCM screen advertising revenues ​ $ 5.3 ​ $ 4.6 ​ $ 9.2 ​ $ 9.2
DCIP
Investments
Schedule of Transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of As of ​ (In millions) June 30, 2019 December 31, 2018 Due from DCIP for warranty expenditures ​ $ 3.5 ​ $ 3.4 ​ Deferred rent liability for digital projectors ​ — ​ 7.8 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In millions) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Digital equipment rental expense ​ $ 0.8 ​ $ 1.5 ​ $ 1.9 ​ $ 3.0 ​
ACJV LLC
Investments
Schedule of Transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of As of ​ (In millions) ​ June 30, 2019 ​ December 31, 2018 Due to AC JV for Fathom Events programming ​ ​ 0.8 ​ ​ 2.5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In millions) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Film exhibition costs: ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross exhibition cost on Fathom Events programming ​ $ 2.8 ​ $ 2.3 ​ $ 10.1 ​ $ 5.0
Screenvision
Investments
Schedule of Transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of As of (In millions) June 30, 2019 December 31, 2018 Due from Screenvision for on-screen advertising revenue ​ $ 3.0 ​ $ 2.7 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended Six Months Ended (In millions) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Screenvision screen advertising revenues ​ $ 4.2 ​ $ 3.8 ​ $ 7.7 ​ $ 7.5
Nordic
Investments
Schedule of Transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of As of (In millions) June 30, 2019 December 31, 2018 Due from Nordic JVs ​ $ 2.3 ​ $ 2.6 Due to Nordic JVs for management services ​ ​ 2.1 ​ ​ 1.7 ​

CORPORATE BORROWINGS (Tables)

CORPORATE BORROWINGS (Tables)	6 Months Ended
	Jun. 30, 2019
Summary of the carrying value of corporate borrowings and capital and financing lease obligations	​ ​ ​ ​ ​ ​ ​ ​ (In millions) June 30, 2019 December 31, 2018 Odeon Revolving Credit Facility Due 2022 (2.5% + Base Rate of 0.75% as of June 30, 2019) ​ $ — ​ $ 11.9 Senior Secured Credit Facility-Term Loan due 2026 (5.23% as of June 30, 2019) ​ ​ 1,995.0 ​ ​ — Senior Secured Credit Facility-Term Loan due 2022 ​ ​ — ​ ​ 854.2 Senior Secured Credit Facility-Term Loan due 2023 ​ ​ — ​ ​ 491.2 6.0% Senior Secured Notes due 2023 ​ ​ — ​ ​ 230.0 2.95% Senior Unsecured Convertible Notes due 2024 ​ ​ 600.0 ​ ​ 600.0 5.0% Promissory Note payable to NCM due 2019 ​ 1.3 ​ 1.3 5.875% Senior Subordinated Notes due 2022 ​ — ​ 375.0 6.375% Senior Subordinated Notes due 2024 (£500 million par value) ​ ​ 635.0 ​ ​ 634.1 5.75% Senior Subordinated Notes due 2025 ​ ​ 600.0 ​ ​ 600.0 5.875% Senior Subordinated Notes due 2026 ​ ​ 595.0 ​ ​ 595.0 6.125% Senior Subordinated Notes due 2027 ​ ​ 475.0 ​ ​ 475.0 Finance lease obligations ​ 120.3 ​ 560.3 Debt issuance costs ​ ​ (94.5) ​ ​ (104.4) Net discounts ​ ​ (75.7) ​ ​ (64.4) Derivative liability ​ ​ 3.4 ​ ​ 24.0 ​ ​ 4,854.8 ​ 5,283.2 Less: ​ ​ ​ ​ ​ ​ Current maturities corporate borrowings ​ ​ (21.4) ​ (15.2) Current maturities finance lease obligations ​ ​ (10.9) ​ ​ — Current maturities capital and financing lease obligations ​ ​ — ​ ​ (67.0) ​ ​ $ 4,822.5 ​ $ 5,201.0
2.95% Senior Unsecured Convertible Notes due 2024
Summary of the carrying value of corporate borrowings and capital and financing lease obligations	Carrying value (in millions) as of June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Value ​ ​ ​ ​ Carrying Value ​ ​ as of ​ Increase to ​ as of ​ ​ December 31, 2018 ​ Net Earnings (Loss) ​ June 30, 2019 Principal balance ​ $ 600.0 ​ $ — ​ $ 600.0 Discount ​ ​ (86.7) ​ ​ 6.3 ​ ​ (80.4) Debt issuance costs ​ ​ (13.0) ​ ​ 0.9 ​ ​ (12.1) Derivative liability ​ ​ 24.0 ​ ​ (20.6) ​ ​ 3.4 Carrying Value ​ $ 524.3 ​ $ (13.4) ​ $ 510.9

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2019
STOCKHOLDERS' EQUITY
Schedule of the Dividends and Dividend Equivalents Paid	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount per ​ Total Amount ​ ​ ​ Share of Declared Declaration Date ​ Record Date ​ Date Paid ​ Common Stock ​ (In millions) February 15, 2019 ​ March 11, 2019 ​ March 25, 2019 ​ $ 0.20 ​ $ 21.3 May 3, 2019 ​ June 10, 2019 ​ June 24, 2019 ​ ​ 0.20 ​ ​ 21.3
Schedule of unrecognized stock based compensation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additional ​ ​ ​ ​ ​ ​ ​ ​ Amount Recognized ​ Amount Recognized ​ Amount ​ Expected to ​ Expected to ​ Expected to ​ ​ Three Months Ended ​ Six Months Ended ​ Unrecognized ​ Recognize ​ Recognize ​ Recognize Grant Tranche ​ June 30, 2019 ​ June 30, 2019 ​ June 30, 2019 ​ 2019 ​ 2020 ​ 2021 2019 Board of Directors ​ $ — ​ $ 0.4 ​ $ — ​ $ — ​ $ — ​ $ — 2019 RSU awards ​ ​ 1.1 ​ ​ 1.5 ​ ​ 9.6 ​ ​ 2.2 ​ ​ 3.7 ​ ​ 3.7 2019 PSU awards ​ ​ 1.9 ​ ​ 2.6 ​ ​ 8.5 ​ ​ 3.9 ​ ​ 3.3 ​ ​ 1.3 2018 RSU awards ​ ​ 0.8 ​ ​ 1.7 ​ ​ 4.9 ​ ​ 1.6 ​ ​ 3.3 ​ ​ — 2018 PSU awards ​ ​ 0.7 ​ ​ 1.5 ​ ​ 2.6 ​ ​ 1.5 ​ ​ 1.1 ​ ​ — 2017 RSU awards ​ ​ 0.5 ​ ​ 1.0 ​ ​ 0.9 ​ ​ 0.9 ​ ​ — ​ ​ — 2017 RSU NEO awards ​ ​ 0.4 ​ ​ 0.7 ​ ​ 0.6 ​ ​ 0.6 ​ ​ — ​ ​ — 2017 PSU awards (1) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 5.4 ​ $ 9.4 ​ $ 27.1 ​ $ 10.7 ​ $ 11.4 ​ $ 5.0 (1) During the year ended December 31, 2017, the Company determined that achieving the three-year performance thresholds of the 2017 Performance Stock Units was improbable and reversed all previously recorded expense and ceased accruing any additional expense on these units. If the Company later determines that the performance thresholds become probable, then historical expense would be reinstated, and the Company would resume recognizing expense.
Schedule of Nonvested RSU and PSU Activity	The following table represents the nonvested RSU and PSU activity for the six months ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Average ​ ​ Shares of RSU ​ Grant Date ​ ​ and PSU ​ Fair Value Beginning balance at January 1, 2019 ​ 1,934,447 ​ $ 21.50 Granted ​ 1,460,334 ​ ​ 15.13 Vested ​ (303,201) ​ ​ 21.76 Forfeited ​ (11,776) ​ ​ 18.65 Cancelled (1) ​ (100,840) ​ ​ 21.46 Nonvested at June 30, 2019 ​ 2,978,964 ​ $ 17.62 (1) Represents vested RSUs surrendered in lieu of taxes and returned to the 2013 Equity Incentive Plan.
Schedule of Stockholder's Equity	Condensed Consolidated Statements of Stockholders’ Equity For the Six Months Ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ Class A Voting ​ Class B Voting ​ Additional ​ ​ ​ ​ ​ ​ Other ​ Accumulated ​ Total ​ ​ Common Stock ​ Common Stock ​ Paid-in ​ Treasury Stock ​ Comprehensive ​ Earnings ​ Stockholders’ (In millions, except share and per share data) Shares Amount Shares Amount Capital ​ Shares Amount Income (Loss) (Deficit) Equity Balances December 31, 2018 ​ 55,401,325 ​ $ 0.5 ​ 51,769,784 ​ $ 0.5 ​ $ 1,998.4 ​ 3,732,625 ​ $ (56.4) ​ $ 5.5 ​ $ (550.9) ​ $ 1,397.6 Cumulative effect adjustments for the adoption of new accounting principles (ASU 842) ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ 78.8 ​ ​ 78.8 Net loss ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (130.2) ​ ​ (130.2) Other comprehensive loss ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ (24.9) ​ ​ — ​ ​ (24.9) Dividends declared: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A common stock, $0.20/share, net of forfeitures ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (10.7) ​ ​ (10.7) Class B common stock, $0.20/share ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (10.4) ​ ​ (10.4) Taxes paid for restricted unit withholdings ​ — ​ ​ — ​ — ​ ​ — ​ ​ (1.1) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (1.1) Reclassification from temporary equity ​ 75,712 ​ ​ — ​ — ​ ​ — ​ ​ 0.4 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 0.4 Stock-based compensation ​ 328,904 ​ ​ — ​ — ​ ​ — ​ ​ 4.0 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4.0 Balances March 31, 2019 ​ 55,805,941 ​ $ 0.5 ​ 51,769,784 ​ $ 0.5 ​ $ 2,001.7 ​ 3,732,625 ​ $ (56.4) ​ $ (19.4) ​ $ (623.4) ​ $ 1,303.5 Cumulative effect adjustments for the adoption of new accounting principles (ASU 842) ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (2.6) ​ ​ (2.6) Net earnings ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ 49.4 ​ ​ 49.4 Other comprehensive loss ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ (9.2) ​ ​ — ​ ​ (9.2) Dividends declared: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A common stock, $0.20/share, net of forfeitures ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (10.7) ​ ​ (10.7) Class B common stock, $0.20/share ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (10.4) ​ ​ (10.4) Taxes paid for restricted unit withholdings ​ — ​ ​ — ​ — ​ ​ — ​ ​ (0.3) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (0.3) Stock-based compensation ​ 3,096 ​ ​ — ​ — ​ ​ — ​ ​ 5.4 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5.4 Balances June 30, 2019 ​ 55,809,037 ​ $ 0.5 ​ 51,769,784 ​ $ 0.5 ​ $ 2,006.8 ​ 3,732,625 ​ $ (56.4) ​ $ (28.6) ​ $ (597.7) ​ $ 1,325.1 ​ ​ ​ Condensed Consolidated Statements of Stockholders’ Equity For the Six Months Ended June 30, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ Class A Voting ​ Class B Voting ​ Additional ​ ​ ​ ​ ​ ​ Other ​ Accumulated ​ Total ​ ​ Common Stock ​ Common Stock ​ Paid-in ​ Treasury Stock ​ Comprehensive ​ Earnings ​ Stockholders’ (In millions, except share and per share data) Shares Amount Shares Amount Capital ​ Shares Amount Income (Loss) (Deficit) Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balances December 31, 2017 ​ 55,010,160 ​ $ 0.5 ​ 75,826,927 ​ $ 0.8 ​ $ 2,241.6 ​ 3,232,625 ​ $ (48.2) ​ $ 125.6 ​ $ (207.9) ​ $ 2,112.4 Cumulative effect adjustments for the adoption of new accounting principles (ASU 606, ASU 2016-01 and ASU 2018-02) ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ 4.4 ​ ​ (36.2) ​ ​ (31.8) Net earnings ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ 17.7 ​ ​ 17.7 Other comprehensive income ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ 10.7 ​ ​ — ​ ​ 10.7 Dividends declared: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A common stock, $0.20/share ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (10.8) ​ ​ (10.8) Class B common stock, $0.20/share ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (15.2) ​ ​ (15.2) Reversed dividend accrual for nonvested PSU's ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ 0.7 ​ ​ 0.7 RSUs surrendered to pay for payroll taxes ​ — ​ ​ — ​ — ​ ​ — ​ ​ (1.8) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (1.8) Reclassification from temporary equity ​ 27,195 ​ ​ — ​ — ​ ​ — ​ ​ 0.3 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 0.3 Stock-based compensation ​ 354,060 ​ ​ — ​ — ​ ​ — ​ ​ 2.8 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2.8 Balances March 31, 2018 ​ 55,391,415 ​ $ 0.5 ​ 75,826,927 ​ $ 0.8 ​ $ 2,242.9 ​ 3,232,625 ​ $ (48.2) ​ $ 140.7 ​ $ (251.7) ​ $ 2,085.0 Net earnings ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ 22.2 ​ ​ 22.2 Other comprehensive loss ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ (107.2) ​ ​ — ​ ​ (107.2) Dividends declared: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A common stock, $0.20/share ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (10.8) ​ ​ (10.8) Class B common stock, $0.20/share ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ (15.2) ​ ​ (15.2) Reclassification from temporary equity ​ 9,910 ​ ​ — ​ — ​ ​ — ​ ​ 0.1 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 0.1 Stock-based compensation ​ — ​ ​ — ​ — ​ ​ — ​ ​ 4.0 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4.0 Class A common stock repurchases ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ 500,000 ​ ​ (8.2) ​ ​ — ​ ​ — ​ ​ (8.2) Balances June 30, 2018 ​ 55,401,325 ​ $ 0.5 ​ 75,826,927 ​ $ 0.8 ​ $ 2,247.0 ​ 3,732,625 ​ $ (56.4) ​ $ 33.5 ​ $ (255.5) ​ $ 1,969.9 ​

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2019
FAIR VALUE MEASUREMENTS
Schedule of Fair Value Hierarchy of Financial Assets Carried at Fair Value on a Recurring Basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2019 Using ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ Total Carrying Quoted prices in Significant other unobservable ​ ​ Value at ​ active market ​ observable inputs ​ inputs (In millions) ​ June 30, 2019 ​ (Level 1) ​ (Level 2) ​ (Level 3) Other long-term assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Money market mutual funds ​ $ 0.5 ​ $ 0.5 ​ $ — ​ $ — Derivative asset ​ ​ 47.7 ​ ​ — ​ ​ — ​ ​ 47.7 Investments measured at net asset value (1) ​ ​ 11.4 ​ — ​ — ​ — Equity securities, available-for-sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in NCM ​ ​ 1.3 ​ ​ 1.3 ​ ​ — ​ ​ — Total assets at fair value ​ $ 60.9 ​ $ 1.8 ​ $ — ​ $ 47.7 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate Borrowings: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative liability ​ $ 3.4 ​ $ — ​ $ — ​ $ 3.4 Total liabilities at fair value ​ $ 3.4 ​ $ — ​ $ — ​ $ 3.4 (1) The investments relate to non-qualified deferred compensation arrangements on behalf of certain members of management. The Company has an equivalent liability for this related-party transaction recorded in other long-term liabilities for the deferred compensation obligation. ​
Schedule of Fair Value of Financial Instruments Not Recognized at Fair Value for Which It Is Practicable to Estimate Fair Value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2019 Using ​ ​ ​ ​ Significant other Significant ​ ​ Total Carrying ​ Quoted prices in ​ observable ​ unobservable ​ ​ Value at ​ active market ​ inputs ​ inputs (In millions) ​ June 30, 2019 ​ (Level 1) ​ (Level 2) ​ (Level 3) Current maturities of corporate borrowings ​ $ 21.4 ​ $ — ​ $ 20.2 ​ $ 1.4 Corporate borrowings ​ 4,713.1 ​ — ​ 4,090.3 ​ ​ 507.0

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	6 Months Ended
	Jun. 30, 2019
ACCUMULATED OTHER COMPREHENSIVE INCOME
Schedule of Changes in Accumulated Other Comprehensive Income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized Net ​ Unrealized Net ​ ​ ​ ​ ​ ​ ​ ​ Pension and ​ Gain from ​ Gain from Equity ​ ​ ​ ​ ​ Foreign ​ Other ​ Marketable ​ Method Investees’ ​ ​ ​ (In millions) Currency Benefits (1) Securities Cash Flow Hedge Total Balance, December 31, 2018 ​ $ 7.2 ​ $ (1.8) ​ $ — ​ $ 0.1 ​ $ 5.5 ​ Other comprehensive income (loss) before reclassifications ​ (34.7) ​ 0.1 ​ — ​ (0.1) ​ (34.7) ​ Amounts reclassified from accumulated other comprehensive income ​ 0.6 ​ — ​ — ​ — ​ 0.6 ​ Balance, June 30, 2019 ​ $ (26.9) ​ $ (1.7) ​ $ — ​ $ — ​ $ (28.6) ​ ​
Schedule of Tax Effects Allocated to Each Component of Other Comprehensive Income	The tax effects allocated to each component of other comprehensive income (loss) during the three months ended June 30, 2019 and June 30, 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ June 30, 2019 ​ June 30, 2018 ​ ​ Tax ​ ​ Tax ​ ​ ​ Pre-Tax ​ (Expense) ​ Net-of-Tax ​ Pre-Tax ​ (Expense) ​ Net-of-Tax (In millions) ​ Amount ​ Benefit ​ Amount ​ Amount ​ Benefit ​ Amount Unrealized foreign currency translation adjustment (1) ​ $ (9.3) ​ $ — ​ $ (9.3) ​ $ (107.4) ​ $ (0.2) ​ $ (107.6) Realized loss on foreign currency transactions ​ ​ 0.1 ​ ​ — ​ ​ 0.1 ​ ​ 1.0 ​ ​ — ​ ​ 1.0 Pension and other benefit adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net gain (loss) arising during the period ​ 0.1 ​ — ​ 0.1 ​ (0.5) ​ 0.1 ​ (0.4) Equity method investees' cash flow hedge: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized net holding loss arising during the period ​ (0.1) ​ — ​ (0.1) ​ — ​ — ​ — Realized net loss reclassified into equity in earnings of non-consolidated entities ​ ​ — ​ ​ — ​ ​ — ​ ​ (0.2) ​ ​ — ​ ​ (0.2) Other comprehensive loss ​ $ (9.2) ​ $ — ​ $ (9.2) ​ $ (107.1) ​ $ (0.1) ​ $ (107.2) (1) Deferred tax impacts of foreign currency translation for the Odeon and Nordic international operations have not been recorded due to the Company’s intent to remain permanently invested. ​ The tax effects allocated to each component of other comprehensive income (loss) during the six months ended June 30, 2019 and June 30, 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ ​ June 30, 2019 ​ June 30, 2018 ​ ​ Tax ​ ​ Tax ​ ​ ​ Pre-Tax ​ (Expense) ​ Net-of-Tax ​ Pre-Tax ​ (Expense) ​ Net-of-Tax (In millions) ​ Amount ​ Benefit ​ Amount ​ Amount ​ Benefit ​ Amount Unrealized foreign currency translation adjustment (1) ​ $ (34.7) ​ $ — ​ $ (34.7) ​ $ (96.0) ​ $ 0.1 ​ $ (95.9) Realized loss on foreign currency transactions ​ ​ 0.6 ​ ​ — ​ ​ 0.6 ​ ​ 1.0 ​ ​ — ​ ​ 1.0 Pension and other benefit adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net gain (loss) arising during the period ​ ​ 0.1 ​ ​ — ​ ​ 0.1 ​ ​ (1.9) ​ ​ 0.4 ​ ​ (1.5) Equity method investees' cash flow hedge: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized net holding gain (loss) arising during the period ​ (0.1) ​ — ​ (0.1) ​ 0.2 ​ — ​ 0.2 Realized net (gain) loss reclassified into equity in earnings of non-consolidated entities ​ ​ — ​ ​ — ​ ​ — ​ ​ (0.3) ​ ​ — ​ ​ (0.3) Other comprehensive loss ​ $ (34.1) ​ $ — ​ $ (34.1) ​ $ (97.0) ​ $ 0.5 ​ $ (96.5) (1) ​

OPERATING SEGMENT (Tables)

OPERATING SEGMENT (Tables)	6 Months Ended
	Jun. 30, 2019
OPERATING SEGMENTS
Schedule of financial information by reportable operating segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended Revenues (In millions) June 30, 2019 ​ June 30, 2018 ​ June 30, 2019 June 30, 2018 U.S. markets ​ $ 1,161.2 ​ $ 1,129.3 ​ $ 2,028.4 $ 2,111.4 International markets ​ ​ 344.9 ​ ​ 313.2 ​ ​ 678.1 ​ 714.7 Total revenues ​ $ 1,506.1 ​ $ 1,442.5 ​ $ 2,706.5 $ 2,826.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended Adjusted EBITDA (1) (In millions) June 30, 2019 June 30, 2018 ​ June 30, 2019 June 30, 2018 U.S. markets (2) ​ $ 202.1 ​ $ 222.2 ​ $ 279.5 ​ $ 430.5 International markets ​ ​ 35.5 ​ ​ 22.6 ​ ​ 66.3 ​ ​ 92.2 Total Adjusted EBITDA ​ $ 237.6 ​ $ 244.8 ​ $ 345.8 ​ $ 522.7 (1) The Company presents Adjusted EBITDA as a supplemental measure of its performance. The Company defines Adjusted EBITDA as net earnings (loss) plus (i) income tax provision (benefit), (ii) interest expense and (iii) depreciation and amortization, as further adjusted to eliminate the impact of certain items that the Company does not consider indicative of its ongoing operating performance and to include attributable EBITDA from equity investments in theatre operations in international markets and any cash distributions of earnings from its other equity method investees. The measure of segment profit and loss the Company uses to evaluate performance and allocate its resources is Adjusted EBITDA, which is consistent with how Adjusted EBITDA is defined in its debt indentures. ​ (2) Distributions from NCM are reported entirely within the U.S. markets segment. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended Capital Expenditures (In millions) June 30, 2019 June 30, 2018 ​ June 30, 2019 June 30, 2018 U.S. markets ​ $ 84.1 ​ $ 101.0 ​ $ 159.6 ​ $ 172.0 International markets ​ ​ 31.0 ​ ​ 32.8 ​ ​ 70.3 ​ ​ 69.1 Total capital expenditures ​ $ 115.1 ​ $ 133.8 ​ $ 229.9 ​ $ 241.1 ​
Schedule of information about the Company's revenues from continuing operations and assets by geographic area	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended Revenues (In millions) ​ June 30, 2019 ​ June 30, 2018 ​ June 30, 2019 June 30, 2018 United States ​ $ 1,161.2 ​ $ 1,129.3 ​ $ 2,028.4 ​ $ 2,111.4 United Kingdom ​ ​ 134.1 ​ ​ 125.8 ​ ​ 236.2 ​ ​ 256.3 Spain ​ ​ 49.4 ​ ​ 42.2 ​ ​ 90.8 ​ ​ 91.8 Sweden ​ ​ 36.1 ​ ​ 33.3 ​ ​ 81.8 ​ ​ 93.9 Italy ​ ​ 45.2 ​ ​ 33.7 ​ ​ 98.4 ​ ​ 94.6 Germany ​ ​ 29.0 ​ ​ 24.5 ​ ​ 60.6 ​ ​ 57.3 Finland ​ ​ 22.4 ​ ​ 22.1 ​ ​ 48.1 ​ ​ 50.1 Ireland ​ ​ 9.3 ​ ​ 8.8 ​ ​ 17.3 ​ ​ 19.3 Other foreign countries ​ ​ 19.4 ​ ​ 22.8 ​ ​ 44.9 ​ ​ 51.4 Total ​ $ 1,506.1 ​ $ 1,442.5 ​ $ 2,706.5 ​ $ 2,826.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ As of Long-term assets, net (In millions) ​ June 30, 2019 ​ December 31, 2018 United States ​ $ 9,052.7 ​ $ 5,826.5 International ​ ​ 3,872.2 ​ ​ 2,888.0 Total long-term assets (1) ​ $ 12,924.9 ​ $ 8,714.5 (1) Long-term assets are comprised of property, intangible assets, goodwill, deferred income tax assets and other long-term assets, and for 2019, right-of-use assets.
Schedule of reconciliation of net earnings to Adjusted EBITDA	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In millions) ​ June 30, 2019 ​ June 30, 2018 June 30, 2019 ​ June 30, 2018 Net earnings (loss) ​ $ 49.4 ​ $ 22.2 ​ $ (80.8) ​ $ 39.9 Plus: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income tax provision (benefit) ​ 5.4 ​ (2.6) ​ 11.1 ​ 2.1 Interest expense ​ 86.4 ​ 82.4 ​ 170.0 ​ 164.9 Depreciation and amortization ​ 112.0 ​ 137.7 ​ 225.0 ​ 268.2 Certain operating expenses (1) ​ 2.3 ​ 5.7 ​ 4.8 ​ 9.4 Equity in earnings of non-consolidated entities (2) ​ (10.2) ​ (13.0) ​ (16.7) ​ (4.0) Cash distributions from non-consolidated entities (3) ​ 1.8 ​ 3.5 ​ 12.3 ​ 27.8 Attributable EBITDA (4) ​ ​ 2.0 ​ ​ (0.4) ​ ​ 2.9 ​ ​ 1.6 Investment income ​ (2.1) ​ (1.5) ​ (18.2) ​ (6.7) Other expense (income) (5) ​ (23.8) ​ 2.5 ​ 6.1 ​ 3.7 Non-cash rent - purchase accounting (6) ​ ​ 5.8 ​ ​ — ​ ​ 13.4 ​ ​ — General and administrative — unallocated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Merger, acquisition and transaction costs (7) ​ 3.2 ​ 4.3 ​ 6.5 ​ 9.0 Stock-based compensation expense (8) ​ 5.4 ​ 4.0 ​ 9.4 ​ 6.8 Adjusted EBITDA ​ $ 237.6 ​ $ 244.8 ​ $ 345.8 ​ $ 522.7 (1) Amounts represent preopening expense related to temporarily closed screens under renovation, theatre and other closure expense for the permanent closure of screens including the related accretion of interest, non-cash deferred digital equipment rent expense, and disposition of assets and other non-operating gains or losses included in operating expenses. The Company has excluded these items as they are non-cash in nature, include components of interest cost for the time value of money or are non-operating in nature. ​ (2) During the three months ended June 30, 2019, the Company recorded $9.0 million in earnings from DCIP. During the six months ended June 30, 2019, the Company recorded $14.6 million in earnings from DCIP. During the six months ended June 30, 2018, e quity in earnings of non-consolidated entities includes a lower of carrying value impairment loss on the held-for-sale portion of NCM of $16.0 million. The impairment charge s reflect recording its held-for-sale units and other-than-temporary impaired shares at the publicly quoted per share price on March 31, 2018 of $5.19 . E quity in earnings of non-consolidated entities also includes the surrender (disposition) of a portion of its investment in NCM of $1.1 million during the six months ended June 30 , 2018. ​ (3) Includes U.S. non-theatre distributions from equity method investments and International non- theatre distributions from equity method investments to the extent received. The Company believes including cash distributions is an appropriate reflection of the contribution of these investments to its operations. ​ (4) Attributable EBITDA includes the EBITDA from equity investments in theatre operators in certain international markets. See below for a reconciliation of the Company’s equity loss of non-consolidated entities to attributable EBITDA. Because these equity investments are in theatre operators in regions where the Company holds a significant market share, the Company believes attributable EBITDA is more indicative of the performance of these equity investments and management uses this measure to monitor and evaluate these equity investments. The Company also provides services to these theatre operators including information technology systems, certain on-screen advertising services and its gift card and package ticket program. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In millions) ​ June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Equity in earnings of non-consolidated entities ​ $ (10.2) ​ $ (13.0) ​ $ (16.7) ​ $ (4.0) Less: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in earnings of non-consolidated entities excluding International theatre JV's ​ ​ (9.8) ​ ​ (13.9) ​ ​ (15.8) ​ ​ (3.6) Equity in earnings (loss) of International theatre JV's ​ ​ 0.4 ​ ​ (0.9) ​ ​ 0.9 ​ ​ 0.4 Income tax provision ​ ​ 0.1 ​ ​ — ​ ​ 0.1 ​ ​ — Investment income ​ ​ (0.3) ​ ​ — ​ ​ (0.5) ​ ​ — Interest expense ​ ​ 0.1 ​ ​ — ​ ​ 0.1 ​ ​ — Depreciation and amortization ​ ​ 1.7 ​ ​ 0.5 ​ ​ 2.3 ​ ​ 1.2 Attributable EBITDA ​ $ 2.0 ​ $ (0.4) ​ $ 2.9 ​ $ 1.6 (5) Other income for the three months ended June 30, 2019 include s income of $33.9 million due to the decrease in fair value of our derivative liability for the Convertible Notes due 2024, income of $7.1 million as a result of an increase in fair value of its derivative asset, and expense of $16.6 million of fees related to modifications of term loans. Other expense for the six months ended June 30, 2019 includes income of $20.6 million due to the decrease in fair value of our derivative liability for the Convertible Notes due 2024, an expense of $8.0 million as a result of a decrease in fair value of its derivative asset, an expense of $16.6 million of fees related to modifications of term loans, and $1.0 million loss on GBP forward contract. ​ (6) Reflects amortization of certain intangible assets reclassified from depreciation and amortization to rent expense, due to the adoption of ASC 842. ​ (7) Merger, acquisition and transition costs are excluded as they are non-operating in nature. ​ (8) Stock-based compensation expense is non-cash expense included in general and administrative: other.

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2019
EARNINGS (LOSS) PER SHARE
Schedule of Computation of basic and diluted earnings (loss) per common share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended (In millions) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) for basic earnings (loss) per share ​ $ 49.4 ​ $ 22.2 ​ $ (80.8) ​ $ 39.9 Calculation of Net earnings for diluted earnings (loss) per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Marked-to-market gain on derivative liability ​ ​ (33.9) ​ ​ — ​ ​ — ​ ​ — Interest expense for Convertible Notes due 2024 ​ ​ 8.1 ​ ​ — ​ ​ — ​ ​ — Net earnings (loss) for diluted earnings (loss) per share ​ $ 23.6 ​ $ 22.2 ​ $ (80.8) ​ $ 39.9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares for basic earnings (loss) per common share ​ 103,845 ​ 128,039 ​ 103,814 ​ 128,042 Common equivalent shares for RSUs and PSUs ​ 21 ​ 66 ​ — ​ — Common equivalent shares if converted: convertible notes 2024 ​ ​ 31,662 ​ ​ — ​ ​ — ​ ​ — Weighted average shares for diluted earnings (loss) per common share ​ 135,528 ​ 128,105 ​ 103,814 ​ 128,042 Basic earnings (loss) per common share ​ $ 0.48 ​ $ 0.17 ​ $ (0.78) ​ $ 0.31 Diluted earnings (loss) per common share ​ $ 0.17 ​ $ 0.17 ​ $ (0.78) ​ $ 0.31

CONDENSED CONSOLIDATING FINAN_2

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2019
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Schedule of Condensed Statements of Operations	Condensed Consolidating Statement of Operations Three Months Ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings ​ Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Admissions ​ $ — ​ $ 680.7 ​ $ 214.8 ​ $ — ​ $ 895.5 Food and beverage ​ — ​ 401.1 ​ 91.4 ​ — ​ 492.5 Other theatre ​ — ​ 79.4 ​ 38.7 ​ — ​ 118.1 Total revenues ​ — ​ 1,161.2 ​ 344.9 ​ — ​ 1,506.1 Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Film exhibition costs ​ — ​ 390.2 ​ 92.3 ​ — ​ 482.5 Food and beverage costs ​ — ​ 56.1 ​ 20.3 ​ — ​ 76.4 Operating expense, excluding depreciation and amortization ​ — ​ 320.9 ​ 116.5 ​ — ​ 437.4 Rent ​ — ​ 179.6 ​ 66.3 ​ — ​ 245.9 General and administrative: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Merger, acquisition and transaction costs ​ — ​ 2.4 ​ 0.8 ​ — ​ 3.2 Other, excluding depreciation and amortization ​ — ​ 24.9 ​ 18.3 ​ — ​ 43.2 Depreciation and amortization ​ — ​ 84.2 ​ 27.8 ​ — ​ 112.0 Operating costs and expenses ​ — ​ 1,058.3 ​ 342.3 ​ — ​ 1,400.6 Operating income ​ — ​ 102.9 ​ 2.6 ​ — ​ 105.5 Other expense (income): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in net loss of subsidiaries ​ 9.1 ​ 18.2 ​ — ​ (27.3) ​ — Other expense (income) ​ ​ (40.9) ​ ​ 17.7 ​ ​ (0.2) ​ ​ — ​ ​ (23.4) Interest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate borrowings ​ 73.6 ​ 74.4 ​ 0.7 ​ (74.5) ​ 74.2 Capital and financing lease obligations ​ — ​ 0.6 ​ 1.5 ​ — ​ 2.1 Non-cash NCM exhibitor service agreement ​ ​ — ​ ​ 10.1 ​ ​ — ​ ​ — ​ ​ 10.1 Intercompany interest expense ​ ​ — ​ ​ — ​ ​ 21.4 ​ ​ (21.4) ​ ​ — Equity in earnings of non-consolidated entities ​ — ​ (9.9) ​ (0.3) ​ — ​ (10.2) Investment income ​ (91.2) ​ (4.9) ​ (1.9) ​ 95.9 ​ (2.1) Total other expense (income) ​ (49.4) ​ 106.2 ​ 21.2 ​ (27.3) ​ 50.7 Earnings (loss) before income taxes ​ 49.4 ​ (3.3) ​ (18.6) ​ 27.3 ​ 54.8 Income tax provision (benefit) ​ — ​ 5.8 ​ (0.4) ​ — ​ 5.4 Net earnings (loss) ​ $ 49.4 ​ $ (9.1) ​ $ (18.2) ​ $ 27.3 ​ $ 49.4 ​ ​ Condensed Consolidating Statement of Operations Three Months Ended June 30, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings ​ Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Revenues ​ ​ ​ ​ ​ Admissions ​ $ — ​ $ 694.3 ​ $ 202.0 ​ $ — ​ $ 896.3 Food and beverage ​ — ​ 369.2 ​ 76.6 ​ — ​ 445.8 Other theatre ​ — ​ 65.9 ​ 34.5 ​ — ​ 100.4 Total revenues ​ — ​ 1,129.4 ​ 313.1 ​ — ​ 1,442.5 Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Film exhibition costs ​ — ​ 391.4 ​ 80.0 ​ — ​ 471.4 Food and beverage costs ​ — ​ 54.3 ​ 17.9 ​ — ​ 72.2 Operating expense, excluding depreciation and amortization ​ — ​ 300.5 ​ 124.0 ​ — ​ 424.5 Rent ​ — ​ 145.4 ​ 54.3 ​ — ​ 199.7 General and administrative: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Merger, acquisition and transaction costs ​ — ​ 2.2 ​ 2.1 ​ — ​ 4.3 Other, excluding depreciation and amortization ​ — ​ 26.6 ​ 16.4 ​ — ​ 43.0 Depreciation and amortization ​ — ​ 97.3 ​ 40.4 ​ — ​ 137.7 Operating costs and expenses ​ — ​ 1,017.7 ​ 335.1 ​ — ​ 1,352.8 Operating income (loss) ​ — ​ 111.7 ​ (22.0) ​ — ​ 89.7 Other expense (income): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in net (earnings) loss of subsidiaries ​ (26.5) ​ 25.5 ​ — ​ 1.0 ​ — Other expense ​ ​ 1.0 ​ ​ 0.7 ​ ​ 0.5 ​ ​ — ​ ​ 2.2 Interest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate borrowings ​ 61.4 ​ 63.0 ​ 0.9 ​ (63.1) ​ 62.2 Capital and financing lease obligations ​ — ​ 4.4 ​ 5.4 ​ — ​ 9.8 Non-cash NCM exhibitor service agreement ​ ​ — ​ ​ 10.4 ​ ​ — ​ ​ ​ ​ ​ 10.4 Equity in (earnings) loss of non-consolidated entities ​ — ​ (13.9) ​ 0.9 ​ — ​ (13.0) Investment income ​ (58.1) ​ (6.3) ​ (0.2) ​ 63.1 ​ (1.5) Total other expense (income) ​ (22.2) ​ 83.8 ​ 7.5 ​ 1.0 ​ 70.1 Earnings (loss) before income taxes ​ 22.2 ​ 27.9 ​ (29.5) ​ (1.0) ​ 19.6 Income tax provision (benefit) ​ — ​ 1.4 ​ (4.0) ​ — ​ (2.6) Net earnings (loss) ​ $ 22.2 ​ $ 26.5 ​ $ (25.5) ​ $ (1.0) ​ $ 22.2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Condensed Consolidating Statement of Operations Six Months Ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings ​ Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Revenues ​ ​ ​ ​ ​ Admissions ​ $ — ​ $ 1,196.0 ​ $ 431.0 ​ $ — ​ $ 1,627.0 Food and beverage ​ — ​ 688.7 ​ 172.6 ​ — ​ 861.3 Other theatre ​ — ​ 143.6 ​ 74.6 ​ — ​ 218.2 Total revenues ​ — ​ 2,028.3 ​ 678.2 ​ — ​ 2,706.5 Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Film exhibition costs ​ — ​ 667.5 ​ 180.3 ​ — ​ 847.8 Food and beverage costs ​ — ​ 99.0 ​ 38.9 ​ — ​ 137.9 Operating expense, excluding depreciation and amortization ​ — ​ 606.5 ​ 233.7 ​ — ​ 840.2 Rent ​ — ​ 356.2 ​ 131.7 ​ — ​ 487.9 General and administrative: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Merger, acquisition and transaction costs ​ — ​ 3.5 ​ 3.0 ​ — ​ 6.5 Other, excluding depreciation and amortization ​ — ​ 52.4 ​ 37.0 ​ — ​ 89.4 Depreciation and amortization ​ — ​ 167.9 ​ 57.1 ​ — ​ 225.0 Operating costs and expenses ​ — ​ 1,953.0 ​ 681.7 ​ — ​ 2,634.7 Operating income (loss) ​ — ​ 75.3 ​ (3.5) ​ — ​ 71.8 Other expense (income): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in net loss of subsidiaries ​ 303.7 ​ 215.0 ​ — ​ (518.7) ​ — Other expense (income) ​ ​ (12.0) ​ ​ 18.2 ​ ​ 0.2 ​ ​ — ​ ​ 6.4 Interest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate borrowings ​ 144.5 ​ 145.3 ​ 1.4 ​ (145.7) ​ 145.5 Capital and financing lease obligations ​ — ​ 1.4 ​ 2.8 ​ — ​ 4.2 Non-cash NCM exhibitor service agreement ​ ​ — ​ ​ 20.3 ​ ​ — ​ ​ — ​ ​ 20.3 Intercompany interest expense ​ ​ — ​ ​ — ​ ​ 218.9 ​ ​ (218.9) ​ ​ — Equity in earnings of non-consolidated entities ​ — ​ (16.0) ​ (0.7) ​ — ​ (16.7) Investment income ​ (355.4) ​ (14.5) ​ (12.9) ​ 364.6 ​ (18.2) Total other expense (income) ​ 80.8 ​ 369.7 ​ 209.7 ​ (518.7) ​ 141.5 Loss before income taxes ​ (80.8) ​ (294.4) ​ (213.2) ​ 518.7 ​ (69.7) Income tax provision ​ — ​ 9.3 ​ 1.8 ​ — ​ 11.1 Net loss ​ $ (80.8) ​ $ (303.7) ​ $ (215.0) ​ $ 518.7 ​ $ (80.8) ​ Condensed Consolidating Statement of Operations Six Months Ended June 30, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings ​ Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Revenues ​ ​ ​ ​ ​ Admissions ​ $ — ​ $ 1,298.9 ​ $ 472.4 ​ $ — ​ $ 1,771.3 Food and beverage ​ — ​ 680.7 ​ 170.9 ​ — ​ 851.6 Other theatre ​ — ​ 131.7 ​ 71.5 ​ — ​ 203.2 Total revenues ​ — ​ 2,111.3 ​ 714.8 ​ — ​ 2,826.1 Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Film exhibition costs ​ — ​ 707.6 ​ 190.3 ​ — ​ 897.9 Food and beverage costs ​ — ​ 98.6 ​ 39.8 ​ — ​ 138.4 Operating expense, excluding depreciation and amortization ​ — ​ 582.5 ​ 253.9 ​ — ​ 836.4 Rent ​ — ​ 278.7 ​ 110.7 ​ — ​ 389.4 General and administrative: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Merger, acquisition and transaction costs ​ — ​ 6.2 ​ 2.8 ​ — ​ 9.0 Other, excluding depreciation and amortization ​ — ​ 52.9 ​ 34.3 ​ — ​ 87.2 Depreciation and amortization ​ — ​ 191.3 ​ 76.9 ​ — ​ 268.2 Operating costs and expenses ​ — ​ 1,917.8 ​ 708.7 ​ — ​ 2,626.5 Operating income ​ — ​ 193.5 ​ 6.1 ​ — ​ 199.6 Other expense (income): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in net (earnings) loss of subsidiaries ​ (47.8) ​ 7.3 ​ — ​ 40.5 ​ — Other expense ​ ​ 1.0 ​ ​ 0.5 ​ ​ 1.9 ​ ​ — ​ ​ 3.4 Interest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate borrowings ​ 122.1 ​ 125.7 ​ 1.9 ​ (125.8) ​ 123.9 Capital and financing lease obligations ​ — ​ 9.0 ​ 11.1 ​ — ​ 20.1 Non-cash NCM exhibitor service agreement ​ ​ — ​ ​ 20.9 ​ ​ — ​ ​ — ​ ​ 20.9 Equity in earnings of non-consolidated entities ​ — ​ (3.6) ​ (0.4) ​ — ​ (4.0) Investment income ​ (115.2) ​ (16.6) ​ (0.7) ​ 125.8 ​ (6.7) Total other expense (income) ​ (39.9) ​ 143.2 ​ 13.8 ​ 40.5 ​ 157.6 Earnings (loss) before income taxes ​ 39.9 ​ 50.3 ​ (7.7) ​ (40.5) ​ 42.0 Income tax provision (benefit) ​ — ​ 2.5 ​ (0.4) ​ — ​ 2.1 Net earnings (loss) ​ $ 39.9 ​ $ 47.8 ​ $ (7.3) ​ $ (40.5) ​ $ 39.9 ​
Schedule of Condensed Statements of Comprehensive Income	Condensed Consolidating Statement of Comprehensive Income (Loss) Three Months Ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Net earnings (loss) $ 49.4 $ (9.1) $ (18.2) $ 27.3 $ 49.4 ​ Other comprehensive income (loss): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in other comprehensive loss of subsidiaries ​ (9.2) ​ (4.1) ​ — ​ 13.3 ​ — ​ Unrealized foreign currency translation adjustment, net of tax ​ — ​ (5.1) ​ (4.2) ​ — ​ (9.3) ​ Realized loss on foreign currency transactions reclassified into other expense, net of tax ​ ​ — ​ ​ 0.1 ​ ​ — ​ ​ — ​ ​ 0.1 ​ Pension and other benefit adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net gain arising during the period, net of tax ​ ​ — ​ ​ — ​ ​ 0.1 ​ ​ — ​ ​ 0.1 ​ Equity method investees’ cash flow hedge: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized net holding loss arising during the period, net of tax ​ — ​ (0.1) ​ — ​ — ​ (0.1) ​ Other comprehensive loss ​ (9.2) ​ (9.2) ​ (4.1) ​ 13.3 ​ (9.2) ​ Total comprehensive income (loss) ​ $ 40.2 ​ $ (18.3) ​ $ (22.3) ​ $ 40.6 ​ $ 40.2 ​ ​ ​ Condensed Consolidating Statement of Comprehensive Income (Loss) Three Months Ended June 30, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Net earnings (loss) $ 22.2 $ 26.5 $ (25.5) $ (1.0) $ 22.2 ​ Other comprehensive income (loss): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in other comprehensive loss of subsidiaries ​ (107.2) ​ (86.0) ​ — ​ 193.2 ​ — ​ Unrealized foreign currency translation adjustment, net of tax ​ — ​ (22.0) ​ (85.6) ​ — ​ (107.6) ​ Realized loss on foreign currency transactions reclassified into other expense, net of tax ​ ​ — ​ ​ 1.0 ​ ​ — ​ ​ — ​ ​ 1.0 ​ Pension and other benefit adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss arising during period, net of tax ​ ​ — ​ ​ — ​ ​ (0.4) ​ ​ — ​ ​ (0.4) ​ Equity method investees’ cash flow hedge: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Realized net holding gain reclassified to equity in earnings of non-consolidated entities, net of tax ​ — ​ (0.2) ​ — ​ — ​ (0.2) ​ Other comprehensive loss ​ (107.2) ​ (107.2) ​ (86.0) ​ 193.2 ​ (107.2) ​ Total comprehensive loss ​ $ (85.0) ​ $ (80.7) ​ $ (111.5) ​ $ 192.2 ​ $ (85.0) ​ ​ ​ Condensed Consolidating Statement of Comprehensive Income (Loss) Six Months Ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Net loss $ (80.8) $ (303.7) $ (215.0) $ 518.7 $ (80.8) ​ Other comprehensive income (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in other comprehensive loss of subsidiaries ​ (34.1) ​ (19.3) ​ — ​ 53.4 ​ — ​ Unrealized foreign currency translation adjustment, net of tax ​ ​ — ​ (15.4) ​ (19.3) ​ — ​ (34.7) ​ Realized loss on foreign currency transactions, net of tax ​ — ​ 0.6 ​ — ​ — ​ 0.6 ​ Pension and other benefit adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net gain arising during the period, net of tax ​ ​ — ​ ​ 0.1 ​ ​ — ​ ​ — ​ ​ 0.1 ​ Equity method investees’ cash flow hedge: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized net holding loss arising during the period, net of tax ​ — ​ (0.1) ​ — ​ — ​ (0.1) ​ Other comprehensive loss ​ (34.1) ​ (34.1) ​ (19.3) ​ 53.4 ​ (34.1) ​ Total comprehensive loss ​ $ (114.9) ​ $ (337.8) ​ $ (234.3) ​ $ 572.1 ​ $ (114.9) ​ ​ ​ Condensed Consolidating Statement of Comprehensive Income (Loss) Six Months Ended June 30, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Net earnings (loss) $ 39.9 $ 47.8 $ (7.3) $ (40.5) $ 39.9 ​ Other comprehensive income (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in other comprehensive loss of subsidiaries ​ (96.5) ​ (70.0) ​ — ​ 166.5 ​ — ​ Unrealized foreign currency translation adjustment, net of tax ​ — ​ (27.4) ​ (68.5) ​ — ​ (95.9) ​ Realized loss on foreign currency transactions, net of tax ​ ​ — ​ ​ 1.0 ​ ​ — ​ ​ ​ ​ ​ 1.0 ​ Pension and other benefit adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss arising during the period, net of tax ​ — ​ — ​ (1.5) ​ — ​ (1.5) ​ Equity method investees’ cash flow hedge: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized net holding loss arising during the period, net of tax ​ — ​ 0.2 ​ — ​ — ​ 0.2 ​ Realized net loss reclassified to equity in earnings of non-consolidated entities, net of tax ​ — ​ (0.3) ​ — ​ — ​ (0.3) ​ Other comprehensive loss ​ (96.5) ​ (96.5) ​ (70.0) ​ 166.5 ​ (96.5) ​ Total comprehensive loss ​ $ (56.6) ​ $ (48.7) ​ $ (77.3) ​ $ 126.0 ​ $ (56.6) ​ ​
Schedule of Condensed Balance Sheets	Condensed Consolidating Balance Sheet As of June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings ​ Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Assets ​ ​ ​ ​ ​ Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 0.3 ​ $ 99.2 ​ $ 91.0 ​ $ — ​ $ 190.5 Restricted cash ​ ​ — ​ ​ — ​ ​ 10.7 ​ ​ — ​ ​ 10.7 Receivables, net ​ — ​ 156.2 ​ 77.9 ​ (5.6) ​ 228.5 Other current assets ​ — ​ 115.5 ​ 44.8 ​ — ​ 160.3 Total current assets ​ 0.3 ​ 370.9 ​ 224.4 ​ (5.6) ​ 590.0 Investment in equity of subsidiaries ​ 668.4 ​ 1,201.7 ​ — ​ (1,870.1) ​ — Property, net ​ — ​ 1,972.9 ​ 641.0 ​ — ​ 2,613.9 Operating right-of-use assets, net ​ ​ — ​ ​ 3,482.0 ​ ​ 1,316.9 ​ ​ — ​ ​ 4,798.9 Intangible assets, net ​ — ​ 132.3 ​ 65.3 ​ — ​ 197.6 Intercompany advances ​ 5,354.7 ​ (4,326.1) ​ (1,028.6) ​ — ​ — Goodwill ​ (2.1) ​ 3,074.7 ​ 1,690.4 ​ — ​ 4,763.0 Deferred tax asset, net ​ — ​ — ​ 31.1 ​ — ​ 31.1 Other long-term assets ​ 58.2 ​ 334.7 ​ 127.5 ​ — ​ 520.4 Total assets ​ $ 6,079.5 ​ $ 6,243.1 ​ $ 3,068.0 ​ $ (1,875.7) ​ $ 13,514.9 Liabilities and Stockholders’ Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ $ — ​ $ 318.2 ​ $ 110.5 ​ $ (5.5) ​ $ 423.2 Accrued expenses and other liabilities ​ 21.3 ​ 168.7 ​ 127.9 ​ (0.1) ​ 317.8 Deferred revenues and income ​ — ​ 292.4 ​ 77.4 ​ — ​ 369.8 Current maturities of corporate borrowings ​ 20.0 ​ 1.4 ​ — ​ — ​ 21.4 Current maturities of finance lease liabilities ​ ​ — ​ ​ 5.6 ​ ​ 5.3 ​ ​ — ​ ​ 10.9 Current maturities of operating lease liabilities ​ ​ — ​ ​ 439.3 ​ ​ 131.5 ​ ​ — ​ ​ 570.8 Total current liabilities ​ 41.3 ​ 1,225.6 ​ 452.6 ​ (5.6) ​ 1,713.9 Corporate borrowings ​ 4,713.1 ​ — ​ — ​ — ​ 4,713.1 Finance lease liabilities ​ — ​ 22.5 ​ 86.9 ​ — ​ 109.4 Operating lease liabilities ​ ​ — ​ ​ 3,607.1 ​ ​ 1,244.9 ​ ​ ​ ​ ​ 4,852.0 Exhibitor services agreement ​ — ​ 557.7 ​ — ​ — ​ 557.7 Deferred tax liability, net ​ ​ — ​ ​ 26.2 ​ ​ 25.5 ​ ​ — ​ ​ 51.7 Other long-term liabilities ​ — ​ 135.6 ​ 56.4 ​ — ​ 192.0 Total liabilities ​ 4,754.4 ​ 5,574.7 ​ 1,866.3 ​ (5.6) ​ 12,189.8 Stockholders’ equity ​ 1,325.1 ​ 668.4 ​ 1,201.7 ​ (1,870.1) ​ 1,325.1 Total liabilities and stockholders’ equity ​ $ 6,079.5 ​ $ 6,243.1 ​ $ 3,068.0 ​ $ (1,875.7) ​ $ 13,514.9 ​ Condensed Consolidating Balance Sheet As of December 31, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings ​ Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Assets ​ ​ ​ ​ ​ Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 0.3 ​ $ 177.8 ​ $ 135.2 ​ $ — ​ $ 313.3 Restricted cash ​ ​ — ​ ​ — ​ ​ 10.7 ​ ​ — ​ ​ 10.7 Receivables, net ​ — ​ 163.0 ​ 100.9 ​ (4.4) ​ 259.5 Other current assets ​ — ​ 140.7 ​ 57.1 ​ — ​ 197.8 Total current assets ​ 0.3 ​ 481.5 ​ 303.9 ​ (4.4) ​ 781.3 Investment in equity of subsidiaries ​ 719.0 ​ 1,430.1 ​ — ​ (2,149.1) ​ — Property, net ​ — ​ 2,152.3 ​ 887.3 ​ — ​ 3,039.6 Intangible assets, net ​ — ​ 225.6 ​ 126.5 ​ — ​ 352.1 Intercompany advances ​ 5,362.3 ​ (4,512.3) ​ (850.0) ​ — ​ — Goodwill ​ (2.1) ​ 3,074.7 ​ 1,716.1 ​ — ​ 4,788.7 Deferred tax asset, net ​ — ​ — ​ 28.6 ​ — ​ 28.6 Other long-term assets ​ 59.8 ​ 316.2 ​ 129.5 ​ — ​ 505.5 Total assets ​ $ 6,139.3 ​ $ 3,168.1 ​ $ 2,341.9 ​ $ (2,153.5) ​ $ 9,495.8 Liabilities and Stockholders’ Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ $ — ​ $ 327.2 ​ $ 129.9 ​ $ (4.5) ​ $ 452.6 Accrued expenses and other liabilities ​ 31.5 ​ 197.5 ​ 149.4 ​ 0.1 ​ 378.5 Deferred revenues and income ​ — ​ 314.0 ​ 100.8 ​ — ​ 414.8 Current maturities of corporate borrowings ​ ​ 13.8 ​ ​ 1.4 ​ ​ — ​ ​ — ​ ​ 15.2 Current maturities of capital and financing lease obligations ​ — ​ 38.6 ​ 28.4 ​ — ​ 67.0 Total current liabilities ​ 45.3 ​ 878.7 ​ 408.5 ​ (4.4) ​ 1,328.1 Corporate borrowings ​ 4,696.0 ​ — ​ 11.8 ​ — ​ 4,707.8 Capital and financing lease obligations ​ — ​ 194.3 ​ 298.9 ​ — ​ 493.2 Exhibitor services agreement ​ — ​ 564.0 ​ — ​ — ​ 564.0 Deferred tax liability, net ​ ​ — ​ ​ 17.7 ​ ​ 23.9 ​ ​ — ​ ​ 41.6 Other long-term liabilities ​ — ​ 794.4 ​ 168.7 ​ — ​ 963.1 Total liabilities ​ 4,741.3 ​ 2,449.1 ​ 911.8 ​ (4.4) ​ 8,097.8 Temporary equity ​ 0.4 ​ — ​ — ​ — ​ 0.4 Stockholders’ equity ​ 1,397.6 ​ 719.0 ​ 1,430.1 ​ (2,149.1) ​ 1,397.6 Total liabilities and stockholders’ equity ​ $ 6,139.3 ​ $ 3,168.1 ​ $ 2,341.9 ​ $ (2,153.5) ​ $ 9,495.8
Schedule of Condensed Statements of Cash Flows	Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings ​ Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Cash flows from operating activities: ​ ​ ​ ​ ​ ​ Net cash provided by (used in) operating activities ​ $ 238.9 ​ $ (135.9) ​ $ 50.6 ​ $ — ​ $ 153.6 ​ Cash flows from investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ — ​ (159.6) ​ (70.3) ​ — ​ (229.9) ​ Acquisition of theatre assets ​ ​ — ​ ​ (11.8) ​ ​ — ​ ​ — ​ ​ (11.8) ​ Proceeds from disposition of long-term assets ​ — ​ 6.0 ​ 15.3 ​ — ​ 21.3 ​ Investments in non-consolidated entities, net ​ — ​ (0.1) ​ — ​ — ​ (0.1) ​ Other, net ​ — ​ (0.8) ​ — ​ — ​ (0.8) ​ Net cash used in investing activities ​ — ​ (166.3) ​ (55.0) ​ — ​ (221.3) ​ Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Proceeds from issuance of Term Loan due 2026 ​ ​ 1,990.0 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,990.0 ​ Payment of principal Senior Secured Notes due 2023 ​ ​ (230.0) ​ ​ — ​ ​ — ​ ​ — ​ ​ (230.0) ​ Payment of principal Senior Subordinated Notes due 2022 ​ ​ (375.0) ​ ​ — ​ ​ — ​ ​ — ​ ​ (375.0) ​ Call premiums paid for Senior Secured Notes due 2023 and Senior Subordinated Notes due 2022 ​ ​ (15.9) ​ ​ — ​ ​ — ​ ​ — ​ ​ (15.9) ​ Principal payments under Term Loans due 2022 and 2023 ​ (1,338.5) ​ — ​ — ​ — ​ (1,338.5) ​ Repayments under Revolving Credit Facility ​ ​ — ​ ​ — ​ ​ (12.0) ​ ​ — ​ ​ (12.0) ​ Scheduled principal payments under Term Loans ​ ​ (11.9) ​ ​ — ​ ​ — ​ ​ — ​ ​ (11.9) ​ Principal payments under capital and financing lease obligations ​ ​ — ​ ​ (3.6) ​ ​ (2.5) ​ ​ — ​ ​ (6.1) ​ Cash used to pay debt financing costs ​ (11.2) ​ — ​ — ​ — ​ (11.2) ​ Cash used to pay dividends ​ (42.6) ​ — ​ — ​ — ​ (42.6) ​ Taxes paid for restricted unit withholdings ​ ​ (1.3) ​ ​ — ​ ​ — ​ ​ — ​ ​ (1.3) ​ Change in intercompany advances ​ ​ (203.3) ​ ​ 227.7 ​ ​ (24.4) ​ ​ — ​ ​ — ​ Net cash provided by (used in) financing activities ​ (239.7) ​ 224.1 ​ (38.9) ​ — ​ (54.5) ​ Effect of exchange rate changes on cash and cash equivalents and restricted cash ​ 0.8 ​ (0.4) ​ (1.0) ​ — ​ (0.6) ​ Net increase (decrease) in cash and cash equivalents and restricted cash ​ ​ (0.0) ​ (78.5) ​ (44.3) ​ — ​ (122.8) ​ Cash and cash equivalents and restricted cash at beginning of period ​ 0.3 ​ 177.7 ​ 146.0 ​ — ​ 324.0 ​ Cash and cash equivalents and restricted cash at end of period ​ $ 0.3 ​ $ 99.2 ​ $ 101.7 ​ $ — ​ $ 201.2 ​ ​ Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiary ​ Subsidiary ​ Consolidating ​ Consolidated (In millions) ​ Holdings Guarantors ​ Non-Guarantors ​ Adjustments ​ Holdings Cash flows from operating activities: ​ ​ ​ ​ ​ Net cash provided by operating activities ​ $ 10.7 ​ $ 279.3 ​ $ 7.1 ​ $ — ​ $ 297.1 Cash flows from investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ — ​ (172.0) ​ (69.1) ​ — ​ (241.1) Proceeds from sale leaseback transactions ​ ​ — ​ ​ 50.1 ​ ​ — ​ ​ — ​ ​ 50.1 Proceeds from disposition of NCM, Inc. shares ​ ​ — ​ ​ 7.1 ​ ​ — ​ ​ — ​ ​ 7.1 Proceeds from disposition of long-term assets ​ ​ — ​ ​ 7.9 ​ ​ 5.6 ​ ​ — ​ ​ 13.5 Investments in non-consolidated entities, net ​ — ​ (10.7) ​ — ​ — ​ (10.7) Other, net ​ — ​ (1.1) ​ 0.7 ​ — ​ (0.4) Net cash used in investing activities ​ — ​ (118.7) ​ (62.8) ​ — ​ (181.5) Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal payments under Term Loan ​ (6.9) ​ — ​ — ​ — ​ (6.9) Principal payments under capital and financing lease obligations ​ ​ — ​ ​ (20.1) ​ ​ (15.8) ​ ​ — ​ ​ (35.9) Cash used to pay deferred financing costs ​ (2.2) ​ — ​ — ​ — ​ (2.2) Cash used to pay dividends ​ (51.4) ​ — ​ — ​ — ​ (51.4) Taxes paid for restricted unit withholdings ​ ​ (1.7) ​ ​ — ​ ​ — ​ ​ — ​ ​ (1.7) Purchase of treasury stock ​ ​ (19.8) ​ ​ — ​ ​ — ​ ​ — ​ ​ (19.8) Change in intercompany advances ​ ​ 145.4 ​ ​ (120.1) ​ ​ (25.3) ​ ​ — ​ ​ — Net cash provided by (used in) financing activities ​ 63.4 ​ (140.2) ​ (41.1) ​ — ​ (117.9) Effect of exchange rate changes on cash and cash equivalents and restricted cash ​ (14.7) ​ 25.9 ​ 0.2 ​ — ​ 11.4 Net increase (decrease) in cash and cash equivalents and restricted cash ​ ​ 59.4 ​ 46.3 ​ (96.6) ​ — ​ 9.1 Cash and cash equivalents and restricted cash at beginning of period ​ 1.1 ​ 95.9 ​ 221.3 ​ — ​ 318.3 Cash and cash equivalents and restricted cash at end of period ​ $ 60.5 ​ $ 142.2 ​ $ 124.7 ​ $ — ​ $ 327.4 ​

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2019shares	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)	Apr. 22, 2019	Mar. 14, 2019$ / shares	Dec. 31, 2018USD ($)	Sep. 14, 2018	Mar. 31, 2018$ / shares
Schedule of Equity Method Investments [Line Items]
Number of reportable segments | segment				2
Accumulated depreciation		$ 1,626.9		$ 1,626.9				$ 1,697.1
Accumulated amortization		20.3		20.3				$ 72.9
Gain on divestment of equity method investment					$ 1.1
Reduction of rent			$ 10.8		$ 35
Derivative Asset and Liability
Increase in derivative asset		7.1		(8)
Decrease in derivative liability		$ 33.9		$ 20.6
NCM
Schedule of Equity Method Investments [Line Items]
Common units returned under Common Unit Adjustment Agreement | shares	197,118
Price per share (in dollars per share) | $ / shares							$ 7.24			$ 5.19
AC JV, LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage		32.00%		32.00%
5.875% Senior Subordinated Notes due 2022
Schedule of Equity Method Investments [Line Items]
Stated interest rate (as a percent)		5.875%		5.875%		5.875%		5.875%
5.75 % Senior Subordinated Notes due 2025
Schedule of Equity Method Investments [Line Items]
Stated interest rate (as a percent)		5.75%		5.75%				5.75%
Maximum
Schedule of Equity Method Investments [Line Items]
Ownership percentage		50.00%		50.00%
Consolidated Subsidiaries
Schedule of Equity Method Investments [Line Items]
Noncontrolling interests in consolidated subsidiaries (as a percent)		0.00%		0.00%
Wanda
Schedule of Equity Method Investments [Line Items]
Ownership percentage		49.85%		49.85%
Combined voting power held in Holdings (as a percent)		74.89%		74.89%
Wanda | Minimum
Schedule of Equity Method Investments [Line Items]
Ownership percentage									50.10%

BASIS OF PRESENTATION - Other E

BASIS OF PRESENTATION - Other Expense (Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
BASIS OF PRESENTATION
Derivative liability fair value adjustment for embedded conversion feature in the Convertible Notes due 2024	$ (33.9)		$ (20.6)
Derivative asset fair value adjustment for contingent call option related to the Class B common stock purchase and cancellation agreement	(7.1)		8
Loss on GBP forward contract	0.7	$ 0.8	1	$ 0.4
Foriegn currency transactions (gain) losses	0.1	1	0.6	1
Non-operating components of net periodic benefit cost	0.4	0.1	0.5	0.1
Loss on extinguishment of Bridge Loan			16.6
Fees related to modification of term loans	16.6		16.6
Other	(0.2)	0.3	0.3	1.9
Other expense (income)	$ (23.4)	$ 2.2	$ 6.4	$ 3.4

LEASES - (Details)

LEASES - (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Lessee, Lease, Description [Line Items]
Initial base terms of finance lease	15 years
Optional renewal term, operating lease	20 years
Optional renewal term, finance lease	20 years
Operating lease right-of-use assets	$ 4,798.9
Total lease liabilities	$ 5,422.8
Minimum
Lessee, Lease, Description [Line Items]
Initial base terms of operating leases	12 years
Operating lease, remaining lease term	1 year
Finance lease, remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Initial base terms of operating leases	15 years
Initial base terms of finance lease	15 years
Operating lease, remaining lease term	25 years
Finance lease, remaining lease term	20 years

LEASES - Lease assets and liabi

LEASES - Lease assets and liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
LEASES
Operating lease right-of-use assets	$ 4,798.9
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Operating lease right-of-use assets
Finance lease right-of-use assets	$ 92.8
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant and Equipment, Net
Total leased assets	$ 4,891.7
Operating Lease, Liability, Current	$ 570.8
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Long Term Debt and Capital and Financing Lease Obligations, Current
Finance Lease, Liability, Current	$ 10.9
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Long Term Debt and Capital and Financing Lease Obligations, Current
Operating Lease, Liability, Noncurrent	$ 4,852
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Operating Lease, Liability, Noncurrent
Finance Lease, Liability, Noncurrent	$ 109.4	$ 493.2
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Finance Lease, Liability, Noncurrent
Total lease liabilities	$ 5,543.1

LEASES - Stockholders' equity (

LEASES - Stockholders' equity (Details) - USD ($) $ in Millions	Jan. 01, 2019	Jun. 30, 2019	Mar. 31, 2019	Mar. 31, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at the beginning of the period	$ 1,397.6
Cumulative effect of change made to accumulated deficit		$ (2.6)	$ 78.8	$ (31.8)
Accounting Standards Update 2016-02 [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at the beginning of the period	(550.9)
Derecognition of existing assets for certain sale leaseback transactions previously recorded in property, net	(405.9)
Derecognition of existing liabilities for certain sale leaseback transactions previously recorded in current maturities of corporate borrowings and capital and financing lease obligations and capital and financing lease obligations	427.5
Derecognition of deferred gains from the sale and leaseback transactions previously recorded in other long-term liabilities	102.4
Difference in fair value compared to the basis of the right-of-use assets for theatres impaired under the new standard	(49)
Deferred taxes	1.2
Cumulative effect of change made to accumulated deficit	76.2
Balance at the end of the period	$ (474.7)

LEASES - Income statement (Deta

LEASES - Income statement (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Operating costs and expenses
Rent	$ 245.9		$ 199.7		$ 487.9	$ 389.4
Depreciation and amortization	112		137.7		225	268.2
Operating costs and expenses	1,400.6		1,352.8		2,634.7	2,626.5
Operating income (loss)	105.5		89.7		71.8	199.6
Interest on capital and financing lease obligations	2.1		9.8		4.2	20.1
Net earnings (loss)	49.4	$ (130.2)	$ 22.2	$ 17.7	(80.8)	$ 39.9
U.S.
Sale and leaseback
Rent payments for failed sale leasebacks	11				22
Non-cash amortization expense for favorable lease terms	4.6				9.2
Amortization of deferred gains on sale leaseback transactions	1.8				3.6
International markets
Sale and leaseback
Rent payments for failed sale leasebacks	9.9				19.8
Non-cash amortization expense for favorable lease terms	3.1				6.2
Originally
Operating costs and expenses
Rent	215.5				427.1
Depreciation and amortization	136				273
Operating costs and expenses	1,394.2				2,621.9
Operating income (loss)	111.9				84.6
Interest on capital and financing lease obligations	9				18
Net earnings (loss)	48.9				(81.8)
As Adjusted | U.S.
Operating costs and expenses
Rent	17.4				34.8
Depreciation and amortization	(13.4)				(26.8)
Operating costs and expenses	4				8
Operating income (loss)	(4)				(8)
Interest on capital and financing lease obligations	(3.3)				(6.6)
Net earnings (loss)	(0.7)				(1.4)
As Adjusted | International markets
Operating costs and expenses
Rent	13				26
Depreciation and amortization	(10.6)				(21.2)
Operating costs and expenses	2.4				4.8
Operating income (loss)	(2.4)				(4.8)
Interest on capital and financing lease obligations	(3.6)				(7.2)
Net earnings (loss)	$ 1.2				$ 2.4

LEASES - Lease costs (Details)

LEASES - Lease costs (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Operating Leased Assets [Line Items]
Amortization of finance lease assets	$ 2.5	$ 5.2
Interest on lease liabilities	2.1	4.2
Total lease cost	275.7	539.7
Theatre Rent
Operating Leased Assets [Line Items]
Operating lease cost	220.7	439.6
Variable lease cost	25.2	48.3
Theatres
Operating Leased Assets [Line Items]
Operating lease cost	1.2	2.9
Equipment
Operating Leased Assets [Line Items]
Operating lease cost	3.5	7
Variable lease cost	19.1	29.8
Office And Other
Operating Leased Assets [Line Items]
Operating lease cost	$ 1.4	$ 2.7

LEASES - Lease terms and discou

LEASES - Lease terms and discount rates (Details)	Jun. 30, 2019
LEASES
Operating leases, weighted average remaining lease term	10 years
Finance leases, weighted average remaining lease term	13 years 1 month 6 days
Operating leases, weighted average discount rate	7.30%
Finance leases, weighted average discount rate	6.40%

LEASES - Cash flow information

LEASES - Cash flow information (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in finance leases	$ (4.2)
Operating cash flows used in operating lease cost	(468.2)
Financing cash flows used in finance leases	(6.1)
Landloard contributions included in operating cashflows provided by operating leases	64.8
Supplemental disclosure of noncash leasing activities:
Right-of-use asseta obtained in exchange for new operating lease liabilities	$ 115.5

LEASES - Minimum annual payment

LEASES - Minimum annual payments under leases (Details) $ in Millions	Jun. 30, 2019USD ($)
Operating Lease Payments
2019	$ 470.8
2020	922.8
2021	863.2
2022	803.5
2023	709.6
2024	633.8
Thereafter	3,321.2
Total lease payments	7,724.9
Less imputed interest	(2,302.1)
Total	5,422.8
Financing Lease Payments
2019	9.1
2020	18.3
2021	17.2
2022	16.8
2023	13.7
2024	12.5
Thereafter	92.1
Total lease payments	179.7
Less imputed interest	(59.4)
Total	$ 120.3

LEASES - Future lease agreement

LEASES - Future lease agreements (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)item
Signed lease agreements | $	$ 417
Future Lease Commitments
Number of Theatres | item	19
Minimum
Lessee, Operating Lease, Term of Contract	12 years
Minimum | Future Lease Commitments
Lessee, Operating Lease, Term of Contract	5 years
Maximum
Lessee, Operating Lease, Term of Contract	15 years
Maximum | Future Lease Commitments
Lessee, Operating Lease, Term of Contract	25 years

LEASES - Prior year minimum ann

LEASES - Prior year minimum annual payments under leases (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	Dec. 31, 2018
Operating Leased Assets [Line Items]
Lease incentive	$ 35	$ 35
Reduction Of Rent Expense	$ 10.8	$ 35
Minimum Operating Lease Payments
Operating Leased Assets [Line Items]
2019			$ 810.2
2020			801.9
2021			748.9
2022			687.5
2023			597.1
Thereafter			3,367.6
Total minimum payments required			7,013.2
Capital And Finance Lease Obligations Miminum Payments
Operating Leased Assets [Line Items]
2019			100.7
2020			96.6
2021			87.8
2022			82.7
2023			70.4
Thereafter			331.5
Total minimum payments required			769.7
Capital And Finance Lease Obligations Less Interest
Operating Leased Assets [Line Items]
2019			33.7
2020			29.4
2021			25.2
2022			21.1
2023			17.3
Thereafter			82.7
Total minimum payments required			209.4
Capital And Finance Lease Obligations Principal
Operating Leased Assets [Line Items]
2019			67
2020			67.2
2021			62.6
2022			61.6
2023			53.1
Thereafter			248.8
Total minimum payments required			$ 560.3

REVENUE RECOGNITION - Cummulati

REVENUE RECOGNITION - Cummulative information (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Balance sheet
Other long-term assets	$ 520.4				$ 520.4		$ 505.5
Deferred revenues and income	369.8				369.8		414.8
Exhibitor services agreement	557.7				557.7		564
Accumulated deficit	(597.7)				(597.7)		$ (550.9)
Revenues
Revenue	1,506.1		$ 1,442.5		2,706.5	$ 2,826.1
Operating costs and expenses
Operating expenses, excluding depreciation and amortization below	437.4		424.5		840.2	836.4
Non-cash NCM exhibitor services agreement	10.1		10.4		20.3	20.9
Net earnings (loss)	49.4	$ (130.2)	22.2	$ 17.7	(80.8)	39.9
Admissions
Revenues
Revenue	895.5		896.3		1,627	1,771.3
Food and beverage
Revenues
Revenue	492.5		445.8		861.3	851.6
Total other theatre
Revenues
Revenue	118.1		100.4		218.2	203.2
Advertising
Revenues
Revenue	35.7		33.7		70.2	71.3
Other theatre
Revenues
Revenue	$ 82.4		$ 66.7		$ 148	$ 131.9

REVENUE RECOGNITION - Additiona

REVENUE RECOGNITION - Additional disclosures (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended
	Jan. 31, 2018	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Exhibitor Services Agreement
Cumulative effect adjustments for the adoption of new accounting principles		$ (2.6)	$ 78.8		$ (31.8)
Customer Frequency Program
Deferred revenues and income		369.8		$ 414.8
Gift Card And Ticket Exchange
Customer Frequency Program
Redemption period	24 years
Deferred revenues and income		272.3
Loyalty Program
Customer Frequency Program
Redemption period	24 months
Deferred revenues and income		58.8
Exhibitor Services Agreement
Customer Frequency Program
Expected to be recognized as revenue		557.7
Exhibitor Services Agreement | Six Months Ended June 30, 2019
Customer Frequency Program
Expected to be recognized as revenue		8
Exhibitor Services Agreement | Year Ended 2020
Customer Frequency Program
Expected to be recognized as revenue		16.9
Exhibitor Services Agreement | Year Ended 2021
Customer Frequency Program
Expected to be recognized as revenue		18.1
Exhibitor Services Agreement | Year Ended 2022
Customer Frequency Program
Expected to be recognized as revenue		19.5
Exhibitor Services Agreement | Year Ended 2023
Customer Frequency Program
Expected to be recognized as revenue		20.9
Exhibitor Services Agreement | Year Ended 2024
Customer Frequency Program
Expected to be recognized as revenue		22.5
Exhibitor Services Agreement | Years Ended 2025 through February 2037
Customer Frequency Program
Expected to be recognized as revenue		$ 451.8

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 1,506.1	$ 1,442.5	$ 2,706.5	$ 2,826.1
Admissions
Disaggregation of Revenue [Line Items]
Revenue	895.5	896.3	1,627	1,771.3
Food and beverage
Disaggregation of Revenue [Line Items]
Revenue	492.5	445.8	861.3	851.6
Total other theatre
Disaggregation of Revenue [Line Items]
Revenue	118.1	100.4	218.2	203.2
Advertising
Disaggregation of Revenue [Line Items]
Revenue	35.7	33.7	70.2	71.3
Other theatre
Disaggregation of Revenue [Line Items]
Revenue	82.4	66.7	148	131.9
Products and services transferred at point in time
Disaggregation of Revenue [Line Items]
Revenue	1,410.2	1,396.2	2,520.2	2,729.4
Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenue	$ 95.9	$ 46.3	$ 186.3	$ 96.7

REVENUE RECOGNITION - Receivabl

REVENUE RECOGNITION - Receivables and deferred revenue (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Current assets
Receivables related to contracts with customers	$ 123.3	$ 183.2
Miscellaneous receivables	105.2	76.3
Receivables, net	228.5	259.5
Current liabilities
Deferred revenue related to contracts with customers	366.5	412.8
Miscellaneous deferred income	3.3	2
Deferred revenues and income	$ 369.8	$ 414.8

REVENUE RECOGNITION - Changes i

REVENUE RECOGNITION - Changes in liabilities (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Deferred revenues related to contracts with customers
Begininning balance			$ 412.8
Customer loyalty awards accumulated, net of expirations			29.4	$ 64.7
Foreign currency translation adjustment, net of tax	$ (9.3)	$ (107.6)	(34.7)	$ (95.9)
Ending balance	366.5		366.5
Exhibitor Services Agreement
Deferred revenues related to contracts with customers
Begininning balance			$ 564
Common Unit Adjustment - surrender of common units			1.4
Reclassification revenue, as the result of performance obligations satisfied			$ (7.7)
Ending balance	557.7		$ 557.7
Term of amortization of the exhibitor services agreement (ESA) with NCM			30 years
Accounting Standards Update 2014-09 - Revenue from contracts
Deferred revenues related to contracts with customers
Begininning balance			$ 412.8
Cash received in advance			202
Business combination - Nordic purchase price allocation			(1.2)
Foreign currency translation adjustment, net of tax			(0.6)
Ending balance	$ 366.5		366.5
Accounting Standards Update 2014-09 - Revenue from contracts | Admissions
Deferred revenues related to contracts with customers
Customer loyalty awards accumulated, net of expirations			16.8
Reclassification revenue, as the result of performance obligations satisfied			(204)
Accounting Standards Update 2014-09 - Revenue from contracts | Food and beverage
Deferred revenues related to contracts with customers
Customer loyalty awards accumulated, net of expirations			36.2
Reclassification revenue, as the result of performance obligations satisfied			(49.4)
Accounting Standards Update 2014-09 - Revenue from contracts | Total other theatre
Deferred revenues related to contracts with customers
Customer loyalty awards accumulated, net of expirations			1.8
Reclassification revenue, as the result of performance obligations satisfied			$ (47.9)

GOODWILL (Details)

GOODWILL (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Goodwill [Roll Forward]
Balance at the beginning of the period	$ 4,788.7
Effect of foreign currency exchange	(25.7)
Balance at the end of the period	4,763
U.S.
Goodwill [Roll Forward]
Balance at the beginning of the period	3,072.6
Balance at the end of the period	3,072.6
International markets
Goodwill [Roll Forward]
Balance at the beginning of the period	1,716.1
Effect of foreign currency exchange	(25.7)
Balance at the end of the period	$ 1,690.4

INVESTMENTS (Details)

INVESTMENTS (Details) $ / shares in Units, $ in Millions	Mar. 14, 2019$ / sharesshares	Mar. 31, 2019shares	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)item	Jun. 30, 2018USD ($)	Dec. 31, 2018	Mar. 31, 2018$ / shares
Equity Method Investments Ownership Transactions [Abstract]
Gain on divestment of equity method investment						$ 1.1
Recorded equity in earnings			$ 10.2	$ 13	$ 16.7	4
5.0% Promissory Note payable to NCM due 2019
Equity Method Investments Ownership Transactions [Abstract]
Stated interest rate (as a percent)			5.00%		5.00%		5.00%
U.S. theatres and IMAX screen
Investments
Number of theatres | item					4
NCM
Investments
Common units returned under Common Unit Adjustment Agreement | shares		197,118
Value of common units returned under Unit Adjustment agreement | shares	1,300,000
Equity Method Investments Ownership Transactions [Abstract]
Gain (loss) on sale						(1.1)
Impairment of investment						16
Price per share (in dollars per share) | $ / shares	$ 7.24							$ 5.19
Recorded equity in earnings				5.8		(11.6)
Loss NCM charged to merger, acquisition and transaction costs						(1.1)
DCM
Investments
Ownership percentage			50.00%		50.00%
Equity Method Investments Ownership Transactions [Abstract]
Ownership percentage			50.00%		50.00%
SV Holdco
Investments
Ownership percentage			18.40%		18.40%
Equity Method Investments Ownership Transactions [Abstract]
Ownership percentage			18.40%		18.40%
AC JV, LLC
Investments
Ownership percentage			32.00%		32.00%
Equity Method Investments Ownership Transactions [Abstract]
Ownership percentage			32.00%		32.00%
DCIP
Investments
Ownership percentage			29.00%		29.00%
Equity Method Investments Ownership Transactions [Abstract]
Ownership percentage			29.00%		29.00%
Recorded equity in earnings			$ 9	6.8	$ 14.6	13.5
Other
Equity Method Investments Ownership Transactions [Abstract]
Recorded equity in earnings			$ 1.2	$ 0.4	$ 2.1	$ 2.1
U.S. theatres and IMAX screen | Europe
Investments
Ownership percentage			50.00%		50.00%
Number of theatres | item					58
Equity Method Investments Ownership Transactions [Abstract]
Ownership percentage			50.00%		50.00%
DCDC
Investments
Ownership percentage			14.60%		14.60%
Equity Method Investments Ownership Transactions [Abstract]
Ownership percentage			14.60%		14.60%
Maximum
Investments
Ownership percentage			50.00%		50.00%
Equity Method Investments Ownership Transactions [Abstract]
Ownership percentage			50.00%		50.00%

INVESTMENTS - Related Party Tra

INVESTMENTS - Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Related Party Transactions
Revenue	$ 1,506.1	$ 1,442.5	$ 2,706.5	$ 2,826.1
Proceeds from disposition				7.1
DCM
Related Party Transactions
Amounts due from affiliate	2.4		2.4		$ 2.8
Loan receivable from affiliate	0.7		0.7		0.6
Revenue	$ 5.3	4.6	$ 9.2	9.2
Interest in non-consolidated affiliates (as a percent)	50.00%		50.00%
Ownership percentage	50.00%		50.00%
DCIP
Related Party Transactions
Amounts due from affiliate	$ 3.5		$ 3.5		3.4
Deferred rent liability for digital projectors					7.8
Digital equipment rental expense	0.8	1.5	$ 1.9	3
Equipment rental term			12 years
AC JV, LLC
Related Party Transactions
Amounts due to affiliate	0.8		$ 0.8		2.5
Gross film exhibition cost	2.8	2.3	10.1	5
Screenvision
Related Party Transactions
Amounts due from affiliate	3		3		2.7
Revenue	4.2	$ 3.8	7.7	$ 7.5
Nordic
Related Party Transactions
Amounts due from affiliate	2.3		2.3		2.6
Amounts due to affiliate	$ 2.1		$ 2.1		$ 1.7

INVESTMENTS - Sum. Finan. Info

INVESTMENTS - Sum. Finan. Info and Earnings (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Mar. 14, 2019	Mar. 31, 2018
Operating Results:
Revenues	$ 48	$ 42.5	$ 85.7	$ 83.6
Operating costs and expenses	19.5	20.3	38.7	39.9
Net earnings (loss)	28.5	22.2	47	43.7
Recorded equity in earnings	10.2	13	16.7	4
NCM
Operating Results:
Recorded equity in earnings		5.8		(11.6)
Impairment of investment				16
Price per share (in dollars per share)					$ 7.24	$ 5.19
DCIP
Operating Results:
Recorded equity in earnings	9	6.8	14.6	13.5
Other
Operating Results:
Recorded equity in earnings	$ 1.2	$ 0.4	$ 2.1	$ 2.1

CORPORATE BORROWINGS (Details)

CORPORATE BORROWINGS (Details) - USD ($) $ in Millions	Apr. 22, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 14, 2018
CORPORATE BORROWINGS
Defered charges		$ (94.5)	$ (104.4)
Net premiums		(75.7)	(64.4)
Derivative liability		3.4	24
Long-term Debt and Capital Lease Obligations, Including Current Maturities, Total		4,854.8	5,283.2
Current maturities corporate borrowings		(21.4)	(15.2)
Current maturities of finance lease liabilities		(10.9)
Current maturities capial and financing lease obligations			(67)
Corporate borrowings and capital and financing lease obligations, non-current		$ 4,822.5	5,201
Senior secured revolving credit facility maturing April 22, 2024 | LIBOR
CORPORATE BORROWINGS
Stated interest rate (as a percent)	2.25%
Spread on variable rate basis (as a percent)	1.00%
Odeon Revolving Credit Facility
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations			11.9
Stated interest rate (as a percent)		0.75%
Spread on variable rate basis (as a percent)		2.50%
Senior Secured Credit Facility Term-Loan Due 2026
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations		$ 1,995
Stated interest rate (as a percent)		5.23%
Senior Secured Credit Facility Term-Loan due 2022
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations			854.2
Senior Secured Credit Facility Term Loan due 2023
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations			491.2
6.0% Senior Secured Notes due 2023
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations			$ 230
Stated interest rate (as a percent)	6.00%	6.00%	6.00%
2.95% Senior Unsecured Convertible Notes due 2024
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations		$ 600	$ 600
Defered charges		(12.1)	(13)
Net premiums		(80.4)	(86.7)
Derivative liability		$ 3.4	24	$ 90.4
Effective interest rate for borrowings				5.98%
Stated interest rate (as a percent)		2.95%		2.95%
5.0% Promissory Note payable to NCM due 2019
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations		$ 1.3	$ 1.3
Stated interest rate (as a percent)		5.00%	5.00%
5.875% Senior Subordinated Notes due 2022
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations			$ 375
Stated interest rate (as a percent)	5.875%	5.875%	5.875%
6.375% Senior Subordinated Notes due 2024
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations		$ 635	$ 634.1
Stated interest rate (as a percent)		6.375%	6.375%
5.75 % Senior Subordinated Notes due 2025
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations		$ 600	$ 600
Stated interest rate (as a percent)		5.75%	5.75%
5.875% Senior Subordinated Notes due 2026
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations		$ 595	$ 595
Stated interest rate (as a percent)		5.875%	5.875%
6.125% Senior Subordinated Notes due 2027
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations		$ 475	$ 475
Stated interest rate (as a percent)		6.125%	6.125%
Finance lease obligations
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations		$ 120.3	$ 560.3

CORPORATE BORROWINGS - Senior S

CORPORATE BORROWINGS - Senior Secured Convertible Notes (Details) - USD ($) $ in Millions	Apr. 22, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Payment of debt		$ 11.9	$ 6.9
Extinguishment losses		$ (16.6)
Senior Secured Credit Facility Term-Loan Due 2026
Debt Instrument [Line Items]
Aggregate principal amount	$ 2,225
Stated interest rate (as a percent)		5.23%
Threshold percentage of equity interests pledged	100.00%
Threshold minimum percentage of voting stock	65.00%
Senior secured tranche B loan maturing April 22, 2026
Debt Instrument [Line Items]
Aggregate principal amount	$ 2,000
Threshold percentage of annual excess cash flow	50.00%
Threshold percentage of annual excess cash flow if net leverage ratio is attained	0.00%
Threshold percentage of net cash proceeds of non-ordinary course asset sales	100.00%
Threshold percentage of proceeds right to reinvest	100.00%
Threshold percentage of net proceeds of issuance or incurrance of debt	100.00%
Premium on repayment (as a percent)	1.00%
Senior secured revolving credit facility maturing April 22, 2024
Debt Instrument [Line Items]
Aggregate principal amount	$ 225
Senior Secured Credit Facility Term Loans Due 2022 And 2023
Debt Instrument [Line Items]
Payment of debt	1,338.5	$ 1,338.5
Loss on repayment of indebtedness	16.6
Extinguishment losses	14.1
Third party costs related to modification	$ 2.5
5.875% Senior Subordinated Notes due 2022
Debt Instrument [Line Items]
Stated interest rate (as a percent)	5.875%	5.875%		5.875%
6.0% Senior Secured Notes due 2023
Debt Instrument [Line Items]
Stated interest rate (as a percent)	6.00%	6.00%		6.00%
Federal Funds Effective Rate | Senior secured tranche B loan maturing April 22, 2026
Debt Instrument [Line Items]
Spread (as a percent)	0.50%
Federal Funds Effective Rate | Senior secured revolving credit facility maturing April 22, 2024
Debt Instrument [Line Items]
Spread (as a percent)	0.50%
LIBOR | Senior secured tranche B loan maturing April 22, 2026
Debt Instrument [Line Items]
Stated interest rate (as a percent)	3.00%
Spread (as a percent)	1.00%
LIBOR | Senior secured revolving credit facility maturing April 22, 2024
Debt Instrument [Line Items]
Stated interest rate (as a percent)	2.25%
Spread (as a percent)	1.00%

CORPORATE BORROWINGS - Senior U

CORPORATE BORROWINGS - Senior Unsecured Convertible Notes (Details)	Aug. 02, 2019USD ($)	May 03, 2019USD ($)	Feb. 15, 2019USD ($)	Sep. 30, 2018item	Sep. 25, 2018USD ($)$ / shares	Sep. 14, 2018USD ($)item$ / sharesshares	Jun. 30, 2019USD ($)$ / shares	Mar. 31, 2019$ / shares	Jun. 30, 2018USD ($)$ / shares	Mar. 31, 2018$ / shares	Jun. 30, 2019USD ($)$ / shares	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)	Sep. 04, 2018USD ($)
CORPORATE BORROWINGS
Discount							$ (75,700,000)				$ (75,700,000)		$ (64,400,000)
Defered charges							(94,500,000)				(94,500,000)		(104,400,000)
Derivative liability							3,400,000				3,400,000		24,000,000
Special dividend value		$ 21,300,000	$ 21,300,000			$ 1.55
Value of stock repurchased and canceled									$ 8,200,000
Interest expense							74,200,000		62,200,000		145,500,000	$ 123,900,000
Other income (expense) related to derivative assets and liabilities							$ 23,400,000		$ (2,200,000)		(6,400,000)	$ (3,400,000)
Class A common stock
CORPORATE BORROWINGS
Special dividend (in dollars per share) | $ / shares							$ 0.20	$ 0.20	$ 0.20	$ 0.20
Special dividend value	$ 0.20
Class B common stock
CORPORATE BORROWINGS
Special dividend (in dollars per share) | $ / shares							$ 0.20	$ 0.20	$ 0.20	$ 0.20
Special dividend value	$ 0.20
2.95% Senior Unsecured Convertible Notes due 2024
CORPORATE BORROWINGS
Principal balance						600,000,000	$ 600,000,000				600,000,000		600,000,000
Discount							(80,400,000)				(80,400,000)		(86,700,000)
Defered charges							(12,100,000)				(12,100,000)		(13,000,000)
Derivative liability						$ 90,400,000	3,400,000				3,400,000		24,000,000
Carrying value							$ 510,900,000				$ 510,900,000		$ 524,300,000
Stated interest rate (as a percent)						2.95%	2.95%				2.95%
Deferred financing costs						$ 13,600,000
Effective interest rate						5.98%
Interest expense							$ 8,000,000				$ 16,000,000
Other expense							33,900,000				20,600,000
Other income (expense) related to derivative assets and liabilities							7,100,000				(8,000,000)
Change fair value of derivative							$ 33,900,000				20,600,000
If-converted value in excess of principal											$ 304,600,000
Price per share (in dollars per share) | $ / shares							$ 9.33				$ 9.33
Conversion rate						52.7704
Conversion rate (in dollars per share) | $ / shares						$ 18.95
Minimum conversion price percentage causing a reset conversion price						120.00%
Number of days needed to cause a reset conversion price | item						10
Maximum allowed percentage of outstanding fully-diluted share capital resulting a conversion price floor						30.00%
Maximum dividends allowed through the second anniversary of issuance | $ / shares						$ 0.20
Maximum dividends allowed after the second anniversary of issuance | $ / shares						$ 0.10
Threshold percentage of stock price trigger						150.00%
Debt Instrument, Convertible, Threshold Trading Days | item						20
Debt Instrument, Convertible, Threshold Consecutive Trading Days | item						30
Internal rate of return						15.00%
2.95% Senior Unsecured Convertible Notes due 2024 | (Increase) decrease to Net Earnings (Loss)
CORPORATE BORROWINGS
Discount							$ 6,300,000				$ 6,300,000
Defered charges							900,000				900,000
Derivative liability							(20,600,000)				(20,600,000)
Carrying value							$ (13,400,000)				$ (13,400,000)
2.95% Senior Unsecured Convertible Notes due 2024 | Class A and B common stock
CORPORATE BORROWINGS
Special dividend (in dollars per share) | $ / shares					$ 1.55
Special dividend value					$ 160,500,000
Legal fees					$ 2,600,000
2.95% Senior Unsecured Convertible Notes due 2024 | Class A common stock
CORPORATE BORROWINGS
Conversion rate (in dollars per share) | $ / shares							$ 18.95				$ 18.95
Number of shares upon conversion				31,662,269							31,662,269
2.95% Senior Unsecured Convertible Notes due 2024 | Class B common stock
CORPORATE BORROWINGS
Derivative asset														$ 10,700,000
Common stock repurchased and cancellation (in shares) | shares						24,057,143
Value of stock repurchased and canceled						$ 421,000,000
Legal fees						$ 2,600,000
Price per share (in dollars per share) | $ / shares						$ 17.50
Number of shares upon conversion | item						5,666,000

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details)	Aug. 02, 2019USD ($)	May 08, 2019shares	May 03, 2019USD ($)$ / shares	Mar. 06, 2019USD ($)item$ / sharesshares	Feb. 15, 2019USD ($)$ / shares	Sep. 30, 2018item	Sep. 14, 2018USD ($)item$ / sharesshares	Jun. 30, 2019USD ($)$ / sharesshares	Mar. 31, 2019USD ($)$ / sharesshares	Jun. 30, 2018USD ($)$ / sharesshares	Mar. 31, 2018USD ($)$ / shares	Jun. 30, 2019USD ($)$ / sharesshares	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Dividends
Cash dividend declared (in dollars per share) | $ / shares			$ 0.20		$ 0.20
Dividends declared			$ 21,300,000		$ 21,300,000		$ 1.55
Dividends and dividend equivalents												$ 42,600,000	$ 51,400,000
Shares surrendered to pay for payroll taxes, value								$ 300,000	$ 1,100,000		$ 1,800,000
Additional paid-in capital								2,006,800,000				2,006,800,000		$ 1,998,400,000
Value of stock repurchased and canceled										$ 8,200,000
Reclassification from temporary equity									400,000	$ 100,000	300,000
Equity disclosures
Recorded stock-based compensation expense								5,400,000				9,400,000
Treasury Stock
Dividends
Common stock repurchased and cancellation (in shares) | shares										500,000
Value of stock repurchased and canceled										$ 8,200,000
Additional Paid-in Capital
Dividends
Shares surrendered to pay for payroll taxes, value								300,000	1,100,000		1,800,000
Reclassification from temporary equity									$ 400,000	100,000	$ 300,000
G&A: Other
Equity disclosures
Stock-based compensation expense included in general and administrative expenses								5,400,000		$ 4,000,000		9,400,000	$ 6,800,000
2.95% Senior Unsecured Convertible Notes due 2024
Dividends
Carrying value								$ 510,900,000				$ 510,900,000		524,300,000
Price per share (in dollars per share) | $ / shares								$ 9.33				$ 9.33
Equity disclosures
Price per share (in dollars per share) | $ / shares								$ 9.33				$ 9.33
Maximum
Dividends
Ownership percentage								50.00%				50.00%
Employee
Equity disclosures
Increase (decrease) to additional paid-in capital related to stock based compensation												$ 400,000
Shares of RSU and PSU
Forfeited (in shares) | shares												(75,712)
RSU and PSU Units
Equity disclosures
Restricted stock unit granted (in shares) | shares												1,460,334
Shares of RSU and PSU
Balance at the beginning of the period (in shares) | shares									1,934,447			1,934,447
Granted (in shares) | shares												1,460,334
Vested (in shares) | shares												(303,201)
Forfeited (in shares) | shares												(11,776)
Canceled | shares												(100,840)
Nonvested at the end of the period (in shares) | shares								2,978,964				2,978,964
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share) | $ / shares									$ 21.50			$ 21.50
Granted (in dollars per share) | $ / shares												15.13
Vested (in dollars per share) | $ / shares												21.76
Forfeited (in dollars per share) | $ / shares												18.65
Cancelled (in dollars per share) | $ / shares												21.46
Unvested at the end of the period (in dollars per share) | $ / shares								$ 17.62				$ 17.62
2018 RSU awards
Equity disclosures
Recorded stock-based compensation expense								$ 800,000				$ 1,700,000
2017 RSU awards
Equity disclosures
Recorded stock-based compensation expense								$ 500,000				$ 1,000,000
Performance Vesting | Members of management and executive officers
Equity disclosures
Restricted stock unit granted (in shares) | shares				730,167
Number of days from the termination of service for settlement of fully vested units												30 days
Period of cumulative adjusted EBITDA, diluted earnings pershare, and net profit results to meet the performance target condition				3 years
Awards to be granted upon achieving 100% of performance target (in shares) | shares				730,167
Awards to be granted if target not achieved (in shares) | shares				0
Shares of RSU and PSU
Granted (in shares) | shares				730,167
Performance Vesting | Members of management and executive officers | Minimum
Equity disclosures
PSUs vesting as a percentage of performance target												80.00%
Percentage of performance target				30.00%
Performance Vesting | Members of management and executive officers | Maximum
Equity disclosures
PSUs vesting as a percentage of performance target				120.00%
Percentage of performance target												200.00%
Performance Vesting | Members of management and executive officers | Prior to January 2, 2019
Equity disclosures
Awards forfeited (as a percent)								66.67%				66.67%
Performance Vesting | Members of management and executive officers | Prior to January 2, 2020
Equity disclosures
Awards forfeited (as a percent)								33.33%				33.33%
2013 Equity Incentive Plan | RSU and PSU Units
Equity disclosures
Fair value of stock at grant date (in dollars per share) | $ / shares				$ 15.13
2013 Equity Incentive Plan | Restricted stock unit | Members of management
Equity disclosures
Restricted stock unit granted (in shares) | shares				730,167
Number of shares to be received for each unit | shares				1
Number of days from the termination of service for settlement of fully vested units				30 days
Grant date fair value (in dollars)				$ 11,000,000
Shares of RSU and PSU
Granted (in shares) | shares				730,167
Related Party Transactions
Percentage of options that will vest on each of the anniversaries from the date of grant				33.00%
2013 Equity Incentive Plan | Restricted stock unit | Executive officers
Related Party Transactions
Vesting period (in years)				3 years
2013 Equity Incentive Plan | Performance Vesting | Members of management
Dividends
Price per share (in dollars per share) | $ / shares				$ 15.13
Equity disclosures
Price per share (in dollars per share) | $ / shares				$ 15.13
Class A common stock
Dividends
Dividends | $ / shares								$ 0.20	0.20	$ 0.20	$ 0.20
Dividends declared	$ 0.20
Class A common stock | 2.95% Senior Unsecured Convertible Notes due 2024
Dividends
Number of shares upon conversion						31,662,269						31,662,269
Class A common stock | 2013 Equity Incentive Plan | Board of Director
Equity disclosures
Number of Board of Directors to whom common stock was granted | item				5
Shares granted | shares		3,096		25,703
Class A common stock | 2013 Equity Incentive Plan | Board of Director | Other General And Administrative Expense Caption [Member]
Equity disclosures
Stock-based compensation expense included in general and administrative expenses												$ 400,000
Class B common stock
Dividends
Dividends | $ / shares								$ 0.20	$ 0.20	$ 0.20	$ 0.20
Dividends declared	$ 0.20
Class B common stock | 2.95% Senior Unsecured Convertible Notes due 2024
Dividends
Common stock repurchased and cancellation (in shares) | shares							24,057,143
Price per share (in dollars per share) | $ / shares							$ 17.50
Value of stock repurchased and canceled							$ 421,000,000
Legal fees							$ 2,600,000
Number of shares upon conversion | item							5,666,000
Equity disclosures
Price per share (in dollars per share) | $ / shares							$ 17.50
Wanda
Dividends
Receivable due from related party								$ 500,000				500,000		900,000
Reimbursements												$ 100,000
Ownership percentage								49.85%				49.85%
Combined voting power held in Holdings (as a percent)								74.89%				74.89%
Related Party Transactions
Receivable due from related party								$ 500,000				$ 500,000		$ 900,000
Wanda | Minimum
Dividends
Ownership percentage							50.10%
Wanda | Class A common stock
Dividends
Voting ratio between Class B and Class A common stock												three-to-one voting ratio
Wanda | Class B common stock
Dividends
Shares owned | shares								51,769,784				51,769,784
Number of shares upon conversion												5,666,000

STOCKHOLDERS' EQUITY - compensa

STOCKHOLDERS' EQUITY - compensation expense (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	$ 5.4	$ 9.4
Unrecognized stock-based compensation expense		27.1
Board Of Directors 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense		0.4
2019 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	1.1	1.5
Unrecognized stock-based compensation expense		9.6
2019 PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	1.9	2.6
Unrecognized stock-based compensation expense		8.5
2018 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	0.8	1.7
Unrecognized stock-based compensation expense		4.9
2018 PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	0.7	1.5
Unrecognized stock-based compensation expense		2.6
2017 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	0.5	1
Unrecognized stock-based compensation expense		0.9
2017 RSU NEO awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	$ 0.4	0.7
Unrecognized stock-based compensation expense		0.6
Expected to Recognize 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		10.7
Expected to Recognize 2019 | 2019 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		2.2
Expected to Recognize 2019 | 2019 PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		3.9
Expected to Recognize 2019 | 2018 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		1.6
Expected to Recognize 2019 | 2018 PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		1.5
Expected to Recognize 2019 | 2017 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		0.9
Expected to Recognize 2019 | 2017 RSU NEO awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		0.6
Expected to Recognize 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		11.4
Expected to Recognize 2020 | 2019 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		3.7
Expected to Recognize 2020 | 2019 PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		3.3
Expected to Recognize 2020 | 2018 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		3.3
Expected to Recognize 2020 | 2018 PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		1.1
Expected To Recognize 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		5
Expected To Recognize 2021 | 2019 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		3.7
Expected To Recognize 2021 | 2019 PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized		$ 1.3

STOCKHOLDERS' EQUITY - equity s

STOCKHOLDERS' EQUITY - equity statements (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Increase (Decrease) in Stockholders' Equity
Balance at the beginning of the period	$ 1,303.5	$ 1,397.6	$ 2,085	$ 2,112.4	$ 1,397.6	$ 2,112.4
Cumulative Effect of New Accounting Principle in Period of Adoption	(2.6)	78.8		(31.8)	(2.6)
Net earnings (loss) for basic earnings (loss) per share	49.4	(130.2)	22.2	17.7	(80.8)	39.9
Other comprehensive income (loss)	(9.2)	(24.9)	(107.2)	10.7	(34.1)	(96.5)
RSUs surrendered to pay for payroll taxes	(0.3)	(1.1)		(1.8)
Reclassification from temporary equity		$ 0.4	0.1	0.3
Stock-based compensation	5.4		4	2.8
Stock based compensation (in shares)		4,000,000
Common stock repurchase and cancellation			(8.2)
Balance at the end of the period	1,325.1	$ 1,303.5	1,969.9	2,085	1,325.1	1,969.9
Reversed dividend accrual
Increase (Decrease) in Stockholders' Equity
Dividends declared				0.7
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity
Balance at the beginning of the period	2,001.7	1,998.4	2,242.9	2,241.6	1,998.4	2,241.6
RSUs surrendered to pay for payroll taxes	(0.3)	(1.1)		(1.8)
Reclassification from temporary equity		$ 0.4	0.1	0.3
Stock-based compensation	5.4		4	2.8
Stock based compensation (in shares)		4,000,000
Balance at the end of the period	2,006.8	$ 2,001.7	2,247	2,242.9	2,006.8	2,247
Treasury Stock
Increase (Decrease) in Stockholders' Equity
Balance at the beginning of the period	$ (56.4)	$ (56.4)	$ (48.2)	$ (48.2)	$ (56.4)	$ (48.2)
Balance (in shares)	3,732,625	3,732,625	3,232,625	3,232,625	3,732,625	3,232,625
Common stock repurchase and cancellation			$ (8.2)
Common stock repurchased and cancellation (in shares)			500,000
Balance at the end of the period	$ (56.4)	$ (56.4)	$ (56.4)	$ (48.2)	$ (56.4)	$ (56.4)
Balance (in shares)	3,732,625	3,732,625	3,732,625	3,232,625	3,732,625	3,732,625
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity
Balance at the beginning of the period	$ (19.4)	$ 5.5	$ 140.7	$ 125.6	$ 5.5	$ 125.6
Cumulative Effect of New Accounting Principle in Period of Adoption				4.4
Other comprehensive income (loss)	(9.2)	(24.9)	(107.2)	10.7
Balance at the end of the period	(28.6)	(19.4)	33.5	140.7	(28.6)	33.5
Accumulated Earnings (Deficit)
Increase (Decrease) in Stockholders' Equity
Balance at the beginning of the period	(623.4)	(550.9)	(251.7)	(207.9)	(550.9)	(207.9)
Cumulative Effect of New Accounting Principle in Period of Adoption	(2.6)	78.8		(36.2)	(2.6)
Net earnings (loss) for basic earnings (loss) per share	49.4	(130.2)	22.2	17.7
Balance at the end of the period	(597.7)	(623.4)	(255.5)	(251.7)	(597.7)	(255.5)
Accumulated Earnings (Deficit) | Reversed dividend accrual
Increase (Decrease) in Stockholders' Equity
Dividends declared				$ 0.7
Class A common stock
Increase (Decrease) in Stockholders' Equity
Balance at the beginning of the period	0.5	$ 0.5			$ 0.5
Balance (in shares)		51,705,469			51,705,469
Dividends declared	(10.7)		$ (10.8)
Balance at the end of the period	$ 0.5	$ 0.5			$ 0.5
Balance (in shares)	52,076,412				52,076,412
Dividends	$ 0.20	$ 0.20	$ 0.20	$ 0.20
Class A common stock | Dividend declared
Increase (Decrease) in Stockholders' Equity
Dividends declared		$ (10.7)		$ (10.8)
Class A common stock | Common Stock
Increase (Decrease) in Stockholders' Equity
Balance at the beginning of the period			$ 0.5	$ 0.5		$ 0.5
Balance (in shares)	55,805,941	55,401,325	55,391,415	55,010,160	55,401,325	55,010,160
Reclassification from temporary equity (in shares)		75,712	9,910	27,195
Stock based compensation (in shares)	3,096	328,904		354,060
Balance at the end of the period			$ 0.5	$ 0.5		$ 0.5
Balance (in shares)	55,809,037	55,805,941	55,401,325	55,391,415	55,809,037	55,401,325
Class A common stock | Accumulated Earnings (Deficit)
Increase (Decrease) in Stockholders' Equity
Dividends declared	$ (10.7)		$ (10.8)
Class A common stock | Accumulated Earnings (Deficit) | Dividend declared
Increase (Decrease) in Stockholders' Equity
Dividends declared		$ (10.7)		$ (10.8)
Class B common stock
Increase (Decrease) in Stockholders' Equity
Balance (in shares)		51,769,784			51,769,784
Dividends declared	$ (10.4)		$ (15.2)
Balance (in shares)	51,769,784				51,769,784
Dividends	$ 0.20	$ 0.20	$ 0.20	$ 0.20
Class B common stock | Dividend declared
Increase (Decrease) in Stockholders' Equity
Dividends declared		$ (10.4)		$ (15.2)
Class B common stock | Common Stock
Increase (Decrease) in Stockholders' Equity
Balance at the beginning of the period	$ 0.5	$ 0.5	$ 0.8	$ 0.8	$ 0.5	$ 0.8
Balance (in shares)	51,769,784	51,769,784	75,826,927	75,826,927	51,769,784	75,826,927
Balance at the end of the period	$ 0.5	$ 0.5	$ 0.8	$ 0.8	$ 0.5	$ 0.8
Balance (in shares)	51,769,784	51,769,784	75,826,927	75,826,927	51,769,784	75,826,927
Class B common stock | Accumulated Earnings (Deficit)
Increase (Decrease) in Stockholders' Equity
Dividends declared	$ (10.4)		$ (15.2)
Class B common stock | Accumulated Earnings (Deficit) | Dividend declared
Increase (Decrease) in Stockholders' Equity
Dividends declared		$ (10.4)		$ (15.2)

INCOME TAXES - Effective income

INCOME TAXES - Effective income tax rate on earnings (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2019	Dec. 31, 2018
Effect of:
Effective income tax rate (as a percent)			(16.00%)
Tax contingencies and other tax liabilities	$ 25.6		$ 25.6			$ 22
Net deferred tax assets	20.6		20.6			$ 13
Income tax benefit	$ (5.4)	$ 2.6	$ (11.1)	$ (2.1)
Forecast
Effect of:
Effective income tax rate (as a percent)					(4.50%)

INCOME TAXES - Income tax provi

INCOME TAXES - Income tax provision (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Deferred:
Deferred income taxes			$ 8.9	$ (2)
Income tax provision (benefit)	$ 5.4	$ (2.6)	$ 11.1	$ 2.1

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair value on a recurring basis (Details) - Recurring basis $ in Millions	Jun. 30, 2019USD ($)
Other long-term assets:
Money market mutual funds	$ 0.5
Derivative asset	47.7
Investments measured at net asset value	11.4
Investment in NCM	1.3
Total assets at fair value	60.9
Other long-term liabilities:
Derivative liability	3.4
Total liabilities at fair value	3.4
Quoted prices in active market (Level 1)
Other long-term assets:
Money market mutual funds	0.5
Investment in NCM	1.3
Total assets at fair value	1.8
Significant unobservable inputs (Level 3)
Other long-term assets:
Derivative asset	47.7
Total assets at fair value	47.7
Other long-term liabilities:
Derivative liability	3.4
Total liabilities at fair value	$ 3.4

FAIR VALUE MEASUREMENTS - Fai_2

FAIR VALUE MEASUREMENTS - Fair value on a nonrecurring basis (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2019	Dec. 31, 2018	Sep. 14, 2018
Fair value measurements
Other than Temporary Impairment Losses, Investments	$ 16
Other Fair Value Measurement Disclosures
Operating lease right-of-use assets		$ 4,798.9
Current maturities of corporate borrowings, carrying value		21.4	$ 15.2
Corporate borrowings, noncurrent, carrying value		4,713.1	4,707.8
2.95% Senior Unsecured Convertible Notes due 2024
Other Fair Value Measurement Disclosures
Convertible debt, carrying value		510.9	$ 524.3
Conavertible debt, fair value				$ 600
Total Carrying Value
Other Fair Value Measurement Disclosures
Current maturities of corporate borrowings, carrying value		21.4
Corporate borrowings, noncurrent, carrying value		4,713.1
Significant other observable inputs (Level 2)
Other Fair Value Measurement Disclosures
Current maturities of corporate borrowings, fair value		20.2
Corporate borrowings, noncurrent, fair value		4,090.3
Significant unobservable inputs (Level 3)
Other Fair Value Measurement Disclosures
Current maturities of corporate borrowings, fair value		1.4
Corporate borrowings, noncurrent, fair value		$ 507

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME - Change in AOCI by component (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Changes in accumulated other comprehensive income
Balance at the beginning of the period	$ 1,303.5	$ 1,397.6	$ 2,085	$ 2,112.4	$ 1,397.6	$ 2,112.4
Other comprehensive income (loss), net of tax	(9.2)	(24.9)	(107.2)	10.7	(34.1)	(96.5)
Balance at the end of the period	1,325.1	1,303.5	1,969.9	2,085	1,325.1	1,969.9
Accumulated Other Comprehensive Income (Loss)
Changes in accumulated other comprehensive income
Balance at the beginning of the period	(19.4)	5.5	140.7	125.6	5.5	125.6
Other comprehensive income (loss) before reclassifications					(34.7)
Amounts reclassified from accumulated other comprehensive income					0.6
Other comprehensive income (loss), net of tax	(9.2)	(24.9)	(107.2)	10.7
Balance at the end of the period	(28.6)	(19.4)	33.5	$ 140.7	(28.6)	33.5
Foreign Currency
Changes in accumulated other comprehensive income
Balance at the beginning of the period		7.2			7.2
Other comprehensive income (loss) before reclassifications	(9.3)		$ (107.6)		(34.7)	$ (95.9)
Amounts reclassified from accumulated other comprehensive income					0.6
Balance at the end of the period	(26.9)				(26.9)
Pension and Other Benefits (recorded in G&A : Other)
Changes in accumulated other comprehensive income
Balance at the beginning of the period		(1.8)			(1.8)
Other comprehensive income (loss) before reclassifications					0.1
Balance at the end of the period	$ (1.7)				(1.7)
Unrealized Gain from Equity Method Investees' Cash Flow Hedge
Changes in accumulated other comprehensive income
Balance at the beginning of the period		$ 0.1			0.1
Other comprehensive income (loss) before reclassifications					$ (0.1)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME - OCI and tax effects (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Pre-Tax Amount
Other comprehensive income (loss), before tax	$ (9.2)		$ (107.1)		$ (34.1)	$ (97)
Tax (Expense) Benefit
Other comprehensive income (loss), tax			(0.1)			0.5
Net-of-Tax Amount
Realized loss on foreign currency transactions, net of tax	0.1		1		0.6	1
Other comprehensive income (loss), net of tax	(9.2)	$ (24.9)	(107.2)	$ 10.7	(34.1)	(96.5)
Foreign Currency
Pre-Tax Amount
Unrealized net holding gain (loss) arising during the period	(9.3)		(107.4)		(34.7)	(96)
Realized loss on foreign currency transactions	0.1		1		0.6
Realized net (gain) loss reclassified into investment expense (income)						1
Tax (Expense) Benefit
Unrealized net holding gain (loss) arising during the period, tax			(0.2)			0.1
Net-of-Tax Amount
Unrealized net holding gain (loss) arising during the period, net of tax	(9.3)		(107.6)		(34.7)	(95.9)
Realized loss on foreign currency transactions, net of tax	0.1		1		0.6	1
Reclassification adjustment for net gain (loss) realized in net earnings, net of tax					0.6
Pension and Other Benefit Adjustments, Net Gain or Loss
Pre-Tax Amount
Unrealized net holding gain (loss) arising during the period	0.1		(0.5)		0.1	(1.9)
Tax (Expense) Benefit
Unrealized net holding gain (loss) arising during the period, tax			0.1			0.4
Net-of-Tax Amount
Unrealized net holding gain (loss) arising during the period, net of tax	0.1		(0.4)		0.1	(1.5)
Unrealized Gain from Equity Method Investees' Cash Flow Hedge
Pre-Tax Amount
Unrealized net holding gain (loss) arising during the period	(0.1)				(0.1)	0.2
Reclassification adjustment for net gain (loss) realized in net earnings						(0.3)
Net-of-Tax Amount
Unrealized net holding gain (loss) arising during the period, net of tax	$ (0.1)				(0.1)	0.2
Realized net (gain) loss reclassified into investment income, net of tax			$ (0.2)
Reclassification adjustment for net gain (loss) realized in net earnings, net of tax						$ (0.3)
Unrealized Gain from Equity Method Investees' Cash Flow Hedge
Net-of-Tax Amount
Unrealized net holding gain (loss) arising during the period, net of tax					$ (0.1)

OPERATING SEGMENT (Details)

OPERATING SEGMENT (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
OPERATING SEGMENT
Number of reportable segments | segment			2
Revenue	$ 1,506.1	$ 1,442.5	$ 2,706.5	$ 2,826.1
Long-term assets, net	12,924.9		12,924.9		$ 8,714.5
Adjusted EBITDA	237.6	244.8	345.8	522.7
Capital expenditures	115.1	133.8	229.9	241.1
U.S.
OPERATING SEGMENT
Revenue	1,161.2	1,129.3	2,028.4	2,111.4
Long-term assets, net	9,052.7		9,052.7		5,826.5
Adjusted EBITDA	202.1	222.2	279.5	430.5
Capital expenditures	84.1	101	159.6	172
International markets
OPERATING SEGMENT
Revenue	344.9	313.2	678.1	714.7
Long-term assets, net	3,872.2		3,872.2		$ 2,888
Adjusted EBITDA	35.5	22.6	66.3	92.2
Capital expenditures	31	32.8	70.3	69.1
UK
OPERATING SEGMENT
Revenue	134.1	125.8	236.2	256.3
Spain
OPERATING SEGMENT
Revenue	49.4	42.2	90.8	91.8
Sweden
OPERATING SEGMENT
Revenue	36.1	33.3	81.8	93.9
Italy
OPERATING SEGMENT
Revenue	45.2	33.7	98.4	94.6
Germany
OPERATING SEGMENT
Revenue	29	24.5	60.6	57.3
Finland
OPERATING SEGMENT
Revenue	22.4	22.1	48.1	50.1
Ireland
OPERATING SEGMENT
Revenue	9.3	8.8	17.3	19.3
Other foreign countries
OPERATING SEGMENT
Revenue	$ 19.4	$ 22.8	$ 44.9	$ 51.4

OPERATING SEGMENT - Reconciliat

OPERATING SEGMENT - Reconciliation (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Mar. 14, 2019
Reconciliation of net income to EBITDA
Net earnings (loss) for basic earnings (loss) per share	$ 49.4	$ (130.2)	$ 22.2	$ 17.7	$ (80.8)	$ 39.9
Income tax provision (benefit)	5.4		(2.6)		11.1	2.1
Interest expense	86.4		82.4		170	164.9
Depreciation, Depletion and Amortization	112		137.7		225	268.2
Certain operating expenses	2.3		5.7		4.8	9.4
Recorded equity in earnings	10.2		13		16.7	4
Cash distributions from non-consolidated entities	1.8		3.5		12.3	27.8
Investment (income) expense	(2.1)		(1.5)		(18.2)	(6.7)
Attributable EBITDA	2		(0.4)		2.9	1.6
Other expense (income)	(23.8)		2.5		6.1	3.7
Non-cash rent - purchase accounting	5.8				13.4
General and Administrative Expense [Abstract]
Merger Acquisition Transaction Costs	3.2		4.3		6.5	9
Stock-based compensation expense	5.4		4		9.4	6.8
Adjusted EBITDA	237.6		244.8		345.8	522.7
Gain on derivative liability					12.6
Foriegn currency transactions (gain) losses	(0.1)		(1)		(0.6)	(1)
Income (Loss) from Equity Method Investments	10.2		13		16.7	4
Loss on derivative asset, increase of derivative liability	7.1				8
Third party fees on debt agreement	16.6				16.6
2.95% Senior Unsecured Convertible Notes due 2024
General and Administrative Expense [Abstract]
Gain on derivative liability					20.6
Loss on derivative asset, increase of derivative liability	$ 33.9				$ 20.6
Price per share (in dollars per share)	$ 9.33				$ 9.33
Attributable EBITDA
Reconciliation of net income to EBITDA
Income tax provision (benefit)	$ 0.1				$ 0.1
Interest expense	0.1				0.1
Recorded equity in earnings	10.2		13		16.7	4
Equity in earnings (loss) non-theatre JV's	(9.8)		(13.9)		(15.8)	(3.6)
Investment (income) expense	(0.3)				(0.5)
Attributable EBITDA	2		(0.4)		2.9	1.6
General and Administrative Expense [Abstract]
Income (Loss) from Equity Method Investments	10.2		13		16.7	4
GBP
General and Administrative Expense [Abstract]
Loss on derivative asset, increase of derivative liability					1
International markets
General and Administrative Expense [Abstract]
Adjusted EBITDA	35.5		22.6		66.3	92.2
International markets | Attributable EBITDA
Reconciliation of net income to EBITDA
Depreciation, Depletion and Amortization	1.7		0.5		2.3	1.2
Equity in earnings (loss) International theatre JV's	0.4		(0.9)		0.9	0.4
NCM
Reconciliation of net income to EBITDA
Recorded equity in earnings			5.8			(11.6)
General and Administrative Expense [Abstract]
Income (Loss) from Equity Method Investments			5.8			(11.6)
Impairment of investment						16
Price per share (in dollars per share)				$ 5.19			$ 7.24
Gain (loss) on sale						(1.1)
DCIP
Reconciliation of net income to EBITDA
Recorded equity in earnings	9		6.8		14.6	13.5
General and Administrative Expense [Abstract]
Income (Loss) from Equity Method Investments	$ 9		$ 6.8		$ 14.6	$ 13.5

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	May 03, 2019USD ($)	Feb. 15, 2019USD ($)	Sep. 14, 2018USD ($)	Jun. 30, 2019	Jan. 31, 2018item
COMMITMENTS AND CONTINGENCIES
Weighted average discount rate				7.30%
Dividends declared | $	$ 21,300,000	$ 21,300,000	$ 1.55
Number of pending actions | item					2

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details)	Sep. 30, 2018item	Jun. 30, 2019USD ($)$ / sharesshares	Mar. 31, 2019USD ($)	Jun. 30, 2018USD ($)$ / sharesshares	Mar. 31, 2018USD ($)	Jun. 30, 2019USD ($)$ / sharesshares	Jun. 30, 2018USD ($)$ / sharesshares	Dec. 31, 2018USD ($)	Sep. 14, 2018USD ($)$ / shares
Numerator:
Net earnings (loss) for basic earnings (loss) per share		$ 49,400,000	$ (130,200,000)	$ 22,200,000	$ 17,700,000	$ (80,800,000)	$ 39,900,000
Net earnings (loss) for diluted earnings (loss) per share		23,600,000		$ 22,200,000		$ (80,800,000)	$ 39,900,000
Calculation of Net earnings for diluted earnings (loss) per share
Marked-to-market (gain) on derivative liability		(33,900,000)
Interest expense for Convertible Notes due 2024		$ 8,100,000
Denominator (shares in thousands):
Weighted average shares for basic earnings per common share | shares		103,845,000		128,039,000		103,814,000	128,042,000
Common equivalent shares for RSUs and PSUs | shares		21,000		66,000
Common equivalent shares if-converted: convertible notes 2024 | shares		31,662,000
Weighted average shares for diluted earnings per common share | shares		135,528,000		128,105,000		103,814,000	128,042,000
Basic earnings (loss) per common share (in dollars per share) | $ / shares		$ 0.48		$ 0.17		$ (0.78)	$ 0.31
Diluted earnings (loss) per common share (in dollars per share) | $ / shares		$ 0.17		$ 0.17		$ (0.78)	$ 0.31
Interest expense		$ 74,200,000		$ 62,200,000		$ 145,500,000	$ 123,900,000
Gain on derivative liability						12,600,000
Derivative liability		3,400,000				$ 3,400,000		$ 24,000,000
2.95% Senior Unsecured Convertible Notes due 2024
Denominator (shares in thousands):
Anti-dilutive securities not included in the computations of diluted earnings per share (in shares) | shares						31,700,000
Interest expense		8,000,000				$ 16,000,000
Gain on derivative liability						20,600,000
Conversion rate (in dollars per share) | $ / shares									$ 18.95
Derivative liability		$ 3,400,000				$ 3,400,000		$ 24,000,000	$ 90,400,000
2.95% Senior Unsecured Convertible Notes due 2024 | Class A common stock
Denominator (shares in thousands):
Conversion rate (in dollars per share) | $ / shares		$ 18.95				$ 18.95
Number of shares upon conversion	31,662,269					31,662,269
2.95% Senior Unsecured Convertible Notes due 2024 | (Increase) decrease to Net Earnings (Loss)
Denominator (shares in thousands):
Derivative liability		$ (20,600,000)				$ (20,600,000)
Performance Vesting
Denominator (shares in thousands):
Anti-dilutive securities not included in the computations of diluted earnings per share (in shares) | shares						502,858	411,657
Restricted stock unit
Denominator (shares in thousands):
Anti-dilutive securities not included in the computations of diluted earnings per share (in shares) | shares							902,004

CONDENSED CONSOLIDATING FINAN_3

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details)	6 Months Ended
	Jun. 30, 2019
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Ownership percentage	100.00%

CONDENSED CONSOLIDATING FINAN_4

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues
Revenue	$ 1,506.1		$ 1,442.5		$ 2,706.5	$ 2,826.1
Operating costs and expenses
Operating expenses, excluding depreciation and amortization below	437.4		424.5		840.2	836.4
Rent	245.9		199.7		487.9	389.4
General and administrative:
Merger, acquisition and transaction costs	3.2		4.3		6.5	9
Other, excluding depreciation and amortization below	43.2		43		89.4	87.2
Depreciation and amortization	112		137.7		225	268.2
Operating costs and expenses	1,400.6		1,352.8		2,634.7	2,626.5
Operating income (loss)	105.5		89.7		71.8	199.6
Other expense (income)
Other expense (income)	(23.4)		2.2		6.4	3.4
Interest expense:
Corporate borrowings	74.2		62.2		145.5	123.9
Capital and financing lease obligations	2.1		9.8		4.2	20.1
Non-cash NCM exhibitor services agreement	10.1		10.4		20.3	20.9
Equity in (earnings) loss of non-consolidated entities	(10.2)		(13)		(16.7)	(4)
Investment (income) expense	(2.1)		(1.5)		(18.2)	(6.7)
Total other expense	50.7		70.1		141.5	157.6
Earnings (loss) before income taxes	54.8		19.6		(69.7)	42
Income tax provision (benefit)	5.4		(2.6)		11.1	2.1
Net earnings (loss)	49.4	$ (130.2)	22.2	$ 17.7	(80.8)	39.9
Consolidating Adjustments
Other expense (income)
Equity in (earnings) loss of AMC Entertainment Inc.	(27.3)		1		(518.7)	40.5
Interest expense:
Corporate borrowings	(74.5)		(63.1)		(145.7)	(125.8)
Intercompany interest expense	(21.4)				(218.9)
Investment (income) expense	95.9		63.1		364.6	125.8
Total other expense	(27.3)		1		(518.7)	40.5
Earnings (loss) before income taxes	27.3		(1)		518.7	(40.5)
Net earnings (loss)	27.3		(1)		518.7	(40.5)
AMCE
Other expense (income)
Equity in (earnings) loss of AMC Entertainment Inc.	9.1		(26.5)		303.7	(47.8)
Other expense (income)	(40.9)		1		(12)	1
Interest expense:
Corporate borrowings	73.6		61.4		144.5	122.1
Investment (income) expense	(91.2)		(58.1)		(355.4)	(115.2)
Total other expense	(49.4)		(22.2)		80.8	(39.9)
Earnings (loss) before income taxes	49.4		22.2		(80.8)	39.9
Net earnings (loss)	49.4		22.2		(80.8)	39.9
Subsidiary Guarantors
Revenues
Revenue	1,161.2		1,129.4		2,028.3	2,111.3
Operating costs and expenses
Operating expenses, excluding depreciation and amortization below	320.9		300.5		606.5	582.5
Rent	179.6		145.4		356.2	278.7
General and administrative:
Merger, acquisition and transaction costs	2.4		2.2		3.5	6.2
Other, excluding depreciation and amortization below	24.9		26.6		52.4	52.9
Depreciation and amortization	84.2		97.3		167.9	191.3
Operating costs and expenses	1,058.3		1,017.7		1,953	1,917.8
Operating income (loss)	102.9		111.7		75.3	193.5
Other expense (income)
Equity in (earnings) loss of AMC Entertainment Inc.	18.2		25.5		215	7.3
Other expense (income)	17.7		0.7		18.2	0.5
Interest expense:
Corporate borrowings	74.4		63		145.3	125.7
Capital and financing lease obligations	0.6		4.4		1.4	9
Non-cash NCM exhibitor services agreement	10.1		10.4		20.3	20.9
Equity in (earnings) loss of non-consolidated entities	(9.9)		(13.9)		(16)	(3.6)
Investment (income) expense	(4.9)		(6.3)		(14.5)	(16.6)
Total other expense	106.2		83.8		369.7	143.2
Earnings (loss) before income taxes	(3.3)		27.9		(294.4)	50.3
Income tax provision (benefit)	5.8		1.4		9.3	2.5
Net earnings (loss)	(9.1)		26.5		(303.7)	47.8
Subsidiary Non-Guarantors
Revenues
Revenue	344.9		313.1		678.2	714.8
Operating costs and expenses
Operating expenses, excluding depreciation and amortization below	116.5		124		233.7	253.9
Rent	66.3		54.3		131.7	110.7
General and administrative:
Merger, acquisition and transaction costs	0.8		2.1		3	2.8
Other, excluding depreciation and amortization below	18.3		16.4		37	34.3
Depreciation and amortization	27.8		40.4		57.1	76.9
Operating costs and expenses	342.3		335.1		681.7	708.7
Operating income (loss)	2.6		(22)		(3.5)	6.1
Other expense (income)
Other expense (income)	(0.2)		0.5		0.2	1.9
Interest expense:
Corporate borrowings	0.7		0.9		1.4	1.9
Capital and financing lease obligations	1.5		5.4		2.8	11.1
Intercompany interest expense	21.4				218.9
Equity in (earnings) loss of non-consolidated entities	(0.3)		0.9		(0.7)	(0.4)
Investment (income) expense	(1.9)		(0.2)		(12.9)	(0.7)
Total other expense	21.2		7.5		209.7	13.8
Earnings (loss) before income taxes	(18.6)		(29.5)		(213.2)	(7.7)
Income tax provision (benefit)	(0.4)		(4)		1.8	(0.4)
Net earnings (loss)	(18.2)		(25.5)		(215)	(7.3)
Admissions
Revenues
Revenue	895.5		896.3		1,627	1,771.3
Operating costs and expenses
Operating costs and expenses	482.5		471.4		847.8	897.9
Admissions | Subsidiary Guarantors
Revenues
Revenue	680.7		694.3		1,196	1,298.9
Operating costs and expenses
Operating costs and expenses	390.2		391.4		667.5	707.6
Admissions | Subsidiary Non-Guarantors
Revenues
Revenue	214.8		202		431	472.4
Operating costs and expenses
Operating costs and expenses	92.3		80		180.3	190.3
Food and beverage
Revenues
Revenue	492.5		445.8		861.3	851.6
Operating costs and expenses
Operating costs and expenses	76.4		72.2		137.9	138.4
Food and beverage | Subsidiary Guarantors
Revenues
Revenue	401.1		369.2		688.7	680.7
Operating costs and expenses
Operating costs and expenses	56.1		54.3		99	98.6
Food and beverage | Subsidiary Non-Guarantors
Revenues
Revenue	91.4		76.6		172.6	170.9
Operating costs and expenses
Operating costs and expenses	20.3		17.9		38.9	39.8
Total other theatre
Revenues
Revenue	118.1		100.4		218.2	203.2
Total other theatre | Subsidiary Guarantors
Revenues
Revenue	79.4		65.9		143.6	131.7
Total other theatre | Subsidiary Non-Guarantors
Revenues
Revenue	$ 38.7		$ 34.5		$ 74.6	$ 71.5

CONDENSED CONSOLIDATING FINAN_5

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Net earnings (loss)	$ 49.4	$ (130.2)	$ 22.2	$ 17.7	$ (80.8)	$ 39.9
Unrealized foreign currency translation adjustment, net of tax	(9.3)		(107.6)		(34.7)	(95.9)
Realized loss on foreign currency transactions, net of tax	0.1		1		0.6	1
Pension and other benefit adjustments:
Net loss arising during the period, net of tax	0.1		(0.4)		0.1	(1.5)
Equity method investees' cash flow hedge:
Unrealized holding (loss) gain arising during the period	(0.1)				(0.1)	0.2
Realized net loss (gain) reclassified into equity in earnings of non-consolidated entities, net of tax			(0.2)			(0.3)
Other comprehensive income (loss), net of tax	(9.2)	$ (24.9)	(107.2)	$ 10.7	(34.1)	(96.5)
Total comprehensive income (loss)	40.2		(85)		(114.9)	(56.6)
Consolidating Adjustments
Net earnings (loss)	27.3		(1)		518.7	(40.5)
Equity in other comprehensive income (loss) of subsidiaries	13.3		193.2		53.4	166.5
Equity method investees' cash flow hedge:
Other comprehensive income (loss), net of tax	13.3		193.2		53.4	166.5
Total comprehensive income (loss)	40.6		192.2		572.1	126
AMCE
Net earnings (loss)	49.4		22.2		(80.8)	39.9
Equity in other comprehensive income (loss) of subsidiaries	(9.2)		(107.2)		(34.1)	(96.5)
Equity method investees' cash flow hedge:
Other comprehensive income (loss), net of tax	(9.2)		(107.2)		(34.1)	(96.5)
Total comprehensive income (loss)	40.2		(85)		(114.9)	(56.6)
Subsidiary Guarantors
Net earnings (loss)	(9.1)		26.5		(303.7)	47.8
Equity in other comprehensive income (loss) of subsidiaries	(4.1)		(86)		(19.3)	(70)
Unrealized foreign currency translation adjustment, net of tax	(5.1)		(22)		(15.4)	(27.4)
Realized loss on foreign currency transactions, net of tax	0.1		1		0.6	1
Pension and other benefit adjustments:
Net loss arising during the period, net of tax					0.1
Equity method investees' cash flow hedge:
Unrealized holding (loss) gain arising during the period	(0.1)				(0.1)	0.2
Realized net loss (gain) reclassified into equity in earnings of non-consolidated entities, net of tax			(0.2)			(0.3)
Other comprehensive income (loss), net of tax	(9.2)		(107.2)		(34.1)	(96.5)
Total comprehensive income (loss)	(18.3)		(80.7)		(337.8)	(48.7)
Subsidiary Non-Guarantors
Net earnings (loss)	(18.2)		(25.5)		(215)	(7.3)
Unrealized foreign currency translation adjustment, net of tax	(4.2)		(85.6)		(19.3)	(68.5)
Pension and other benefit adjustments:
Net loss arising during the period, net of tax	0.1		(0.4)			(1.5)
Equity method investees' cash flow hedge:
Other comprehensive income (loss), net of tax	(4.1)		(86)		(19.3)	(70)
Total comprehensive income (loss)	$ (22.3)		$ (111.5)		$ (234.3)	$ (77.3)

CONDENSED CONSOLIDATING FINAN_6

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Balance Sheets (Details) - USD ($) $ in Millions	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 190.5		$ 313.3
Restricted cash	10.7		10.7
Receivables, net	228.5		259.5
Other current assets	160.3		197.8
Total current assets	590		781.3
Property, net	2,613.9		3,039.6
Operating lease right-of-use assets	4,798.9
Intangible assets, net	197.6		352.1
Goodwill	4,763		4,788.7
Deferred tax asset, net	31.1		28.6
Other long-term assets	520.4		505.5
Total assets	13,514.9		9,495.8
Current liabilities:
Accounts payable	423.2		452.6
Accrued expenses and other liabilities	317.8		378.5
Deferred revenues and income	369.8		414.8
Current maturities of corporate borrowings, carrying value	21.4		15.2
Current maturities of of finance lease liabilities	10.9
Current maturities of operating lease liabilities	570.8
Current maturities of corporate borrowings and lease liabilities			67
Total current liabilities	1,713.9		1,328.1
Corporate borrowings	4,713.1		4,707.8
Finance lease liability	109.4		493.2
Operating lease liability	4,852
Capital and financing lease obligations			493.2
Exhibitor services agreement	557.7		564
Deferred tax liability, net	51.7		41.6
Other long-term liabilities	192		963.1
Total liabilities	12,189.8		8,097.8
Temporary equity			0.4
Total stockholders' equity	1,325.1	$ 1,303.5	1,397.6	$ 1,969.9	$ 2,085	$ 2,112.4
Total liabilities and stockholders' equity	13,514.9		9,495.8
Consolidating Adjustments
Current assets:
Receivables, net	(5.6)		(4.4)
Total current assets	(5.6)		(4.4)
Investment in equity of subsidiaries	(1,870.1)		(2,149.1)
Total assets	(1,875.7)		(2,153.5)
Current liabilities:
Accounts payable	(5.5)		(4.5)
Accrued expenses and other liabilities	(0.1)		0.1
Total current liabilities	(5.6)		(4.4)
Total liabilities	(5.6)		(4.4)
Total stockholders' equity	(1,870.1)		(2,149.1)
Total liabilities and stockholders' equity	(1,875.7)		(2,153.5)
AMCE
Current assets:
Cash and cash equivalents	0.3		0.3
Total current assets	0.3		0.3
Investment in equity of subsidiaries	668.4		719
Intercompany advances	5,354.7		5,362.3
Goodwill	(2.1)		(2.1)
Other long-term assets	58.2		59.8
Total assets	6,079.5		6,139.3
Current liabilities:
Accrued expenses and other liabilities	21.3		31.5
Current maturities of corporate borrowings, carrying value	20		13.8
Total current liabilities	41.3		45.3
Corporate borrowings	4,713.1		4,696
Total liabilities	4,754.4		4,741.3
Temporary equity			0.4
Total stockholders' equity	1,325.1		1,397.6
Total liabilities and stockholders' equity	6,079.5		6,139.3
Subsidiary Guarantors
Current assets:
Cash and cash equivalents	99.2		177.8
Receivables, net	156.2		163
Other current assets	115.5		140.7
Total current assets	370.9		481.5
Investment in equity of subsidiaries	1,201.7		1,430.1
Property, net	1,972.9		2,152.3
Operating lease right-of-use assets	3,482
Intangible assets, net	132.3		225.6
Intercompany advances	(4,326.1)		(4,512.3)
Goodwill	3,074.7		3,074.7
Other long-term assets	334.7		316.2
Total assets	6,243.1		3,168.1
Current liabilities:
Accounts payable	318.2		327.2
Accrued expenses and other liabilities	168.7		197.5
Deferred revenues and income	292.4		314
Current maturities of corporate borrowings, carrying value	1.4		1.4
Current maturities of of finance lease liabilities	5.6
Current maturities of operating lease liabilities	439.3
Current maturities of corporate borrowings and lease liabilities			38.6
Total current liabilities	1,225.6		878.7
Finance lease liability	22.5
Operating lease liability	3,607.1
Capital and financing lease obligations			194.3
Exhibitor services agreement	557.7		564
Deferred tax liability, net	26.2		17.7
Other long-term liabilities	135.6		794.4
Total liabilities	5,574.7		2,449.1
Total stockholders' equity	668.4		719
Total liabilities and stockholders' equity	6,243.1		3,168.1
Subsidiary Non-Guarantors
Current assets:
Cash and cash equivalents	91		135.2
Restricted cash	10.7		10.7
Receivables, net	77.9		100.9
Other current assets	44.8		57.1
Total current assets	224.4		303.9
Property, net	641		887.3
Operating lease right-of-use assets	1,316.9
Intangible assets, net	65.3		126.5
Intercompany advances	(1,028.6)		(850)
Goodwill	1,690.4		1,716.1
Deferred tax asset, net	31.1		28.6
Other long-term assets	127.5		129.5
Total assets	3,068		2,341.9
Current liabilities:
Accounts payable	110.5		129.9
Accrued expenses and other liabilities	127.9		149.4
Deferred revenues and income	77.4		100.8
Current maturities of of finance lease liabilities	5.3
Current maturities of operating lease liabilities	131.5
Current maturities of corporate borrowings and lease liabilities			28.4
Total current liabilities	452.6		408.5
Corporate borrowings			11.8
Finance lease liability	86.9
Operating lease liability	1,244.9
Capital and financing lease obligations			298.9
Deferred tax liability, net	25.5		23.9
Other long-term liabilities	56.4		168.7
Total liabilities	1,866.3		911.8
Total stockholders' equity	1,201.7		1,430.1
Total liabilities and stockholders' equity	$ 3,068		$ 2,341.9

CONDENSED CONSOLIDATING FINAN_7

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Cash Flows (Details) - USD ($) $ in Millions	Apr. 22, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net change in operating activities:
Net cash provided by operating activities				$ 153.6	$ 297.1
Cash flows from investing activities:
Capital expenditures		$ (115.1)	$ (133.8)	(229.9)	(241.1)
Acquisition of theatre assets				(11.8)
Proceeds from sale leaseback transaction					50.1
Proceeds from disposition					7.1
Proceeds from disposition of long-term assets				21.3	13.5
Investments in non-consolidated entities, net				0.1	10.7
Other, net				(0.8)	(0.4)
Net cash provided by (used in) investing activities				(221.3)	(181.5)
Cash flows from financing activities:
Repayments under revolving credit facilies				(12)
Repayments under Revolving Credit Facility				(12)
Call premiums paid for Senior Secured Notes due 2023 and Senior Subordinated Notes due 2022				(15.9)
Principal payments under term loan				(11.9)	(6.9)
Principal payments under capital and financing lease obligations				(6.1)	(35.9)
Cash used to pay for deferred financing costs				(11.2)	(2.2)
Cash used to pay dividends				(42.6)	(51.4)
Taxes paid for restricted unit withholdings				(1.3)	(1.7)
Purchase of treasury stock					(19.8)
Net cash provided by (used in) financing activities				(54.5)	(117.9)
Effect of exchange rate changes on cash and cash equivalents and restricted cash				(0.6)	11.4
Net increase (decrease) in cash, cash equivalents, and restricted cash				(122.8)	9.1
Cash and cash equivalents, and restricted cash at beginning of period				324	318.3
Cash and cash equivalents, and restricted cash at end of period		201.2	327.4	201.2	327.4
NCM
Cash flows from investing activities:
Proceeds from disposition of long-term assets					13.5
Open Road Films
Cash flows from investing activities:
Investments in non-consolidated entities					(10.7)
Senior Secured Credit Facility Term-Loan Due 2026
Cash flows from financing activities:
Proceeds from issuance of Term Loan Due 2026				1,990
Senior Secured Credit Facility Term Loans Due 2022 And 2023
Cash flows from financing activities:
Principal payments under term loan	$ (1,338.5)			(1,338.5)
5.875% Senior Subordinated Notes due 2022
Cash flows from financing activities:
Payments of Senior Subordinated Notes				(375)
6.0% Senior Secured Notes due 2023
Cash flows from financing activities:
Payments of Senior Subordinated Notes				(230)
AMCE
Net change in operating activities:
Net cash provided by operating activities				238.9	10.7
Cash flows from financing activities:
Call premiums paid for Senior Secured Notes due 2023 and Senior Subordinated Notes due 2022				(15.9)
Principal payments under term loan				(11.9)	(6.9)
Cash used to pay for deferred financing costs				(11.2)	(2.2)
Cash used to pay dividends				(42.6)	(51.4)
Taxes paid for restricted unit withholdings				(1.3)	(1.7)
Purchase of treasury stock					(19.8)
Change in intercompany advances				(203.3)	(145.4)
Net cash provided by (used in) financing activities				(239.7)	63.4
Effect of exchange rate changes on cash and cash equivalents and restricted cash				0.8	(14.7)
Net increase (decrease) in cash, cash equivalents, and restricted cash				0	59.4
Cash and cash equivalents, and restricted cash at beginning of period				0.3	1.1
Cash and cash equivalents, and restricted cash at end of period		0.3	60.5	0.3	60.5
AMCE | Senior Secured Credit Facility Term-Loan Due 2026
Cash flows from financing activities:
Proceeds from issuance of Term Loan Due 2026				1,990
AMCE | Senior Secured Credit Facility Term Loans Due 2022 And 2023
Cash flows from financing activities:
Principal payments under term loan				(1,338.5)
AMCE | 5.875% Senior Subordinated Notes due 2022
Cash flows from financing activities:
Payments of Senior Subordinated Notes				(375)
AMCE | 6.0% Senior Secured Notes due 2023
Cash flows from financing activities:
Payments of Senior Subordinated Notes				(230)
Subsidiary Guarantors
Net change in operating activities:
Net cash provided by operating activities				(135.9)	279.3
Cash flows from investing activities:
Capital expenditures				(159.6)	(172)
Acquisition of theatre assets				(11.8)
Proceeds from sale leaseback transaction					50.1
Proceeds from disposition					7.1
Proceeds from disposition of long-term assets				6
Investments in non-consolidated entities, net				0.1
Other, net				(0.8)	(1.1)
Net cash provided by (used in) investing activities				(166.3)	(118.7)
Cash flows from financing activities:
Principal payments under capital and financing lease obligations				(3.6)	(20.1)
Change in intercompany advances				227.7	120.1
Net cash provided by (used in) financing activities				224.1	(140.2)
Effect of exchange rate changes on cash and cash equivalents and restricted cash				(0.4)	25.9
Net increase (decrease) in cash, cash equivalents, and restricted cash				(78.5)	46.3
Cash and cash equivalents, and restricted cash at beginning of period				177.7	95.9
Cash and cash equivalents, and restricted cash at end of period		99.2	142.2	99.2	142.2
Subsidiary Guarantors | NCM
Cash flows from investing activities:
Proceeds from disposition of long-term assets					7.9
Subsidiary Guarantors | Open Road Films
Cash flows from investing activities:
Investments in non-consolidated entities					(10.7)
Subsidiary Non-Guarantors
Net change in operating activities:
Net cash provided by operating activities				50.6	7.1
Cash flows from investing activities:
Capital expenditures				(70.3)	(69.1)
Proceeds from disposition of long-term assets				15.3
Other, net					0.7
Net cash provided by (used in) investing activities				(55)	(62.8)
Cash flows from financing activities:
Repayments under Revolving Credit Facility				(12)
Principal payments under capital and financing lease obligations				(2.5)	(15.8)
Change in intercompany advances				(24.4)	25.3
Net cash provided by (used in) financing activities				(38.9)	(41.1)
Effect of exchange rate changes on cash and cash equivalents and restricted cash				(1)	0.2
Net increase (decrease) in cash, cash equivalents, and restricted cash				(44.3)	(96.6)
Cash and cash equivalents, and restricted cash at beginning of period				146	221.3
Cash and cash equivalents, and restricted cash at end of period		$ 101.7	$ 124.7	$ 101.7	124.7
Subsidiary Non-Guarantors | NCM
Cash flows from investing activities:
Proceeds from disposition of long-term assets					$ 5.6