everyone. morning, Good Mark. you, Thank
the first our financial on two adoption of quick update quarter's like accounting results, Before of to our into provide diving details pronouncements. recent I'd a
driven accounting was have transition we First, recognition fully as lapped XXX. X, January the to revenue new that ASC pronouncement our standards of by XXXX,
implemented and understanding we leases. XXX, to users a financial timing amount, the intended of accounting ASC of provide from is uncertainty cash flows this year, lease Second, it pronouncement which better the and accounting arising impacts statement beginning
on operating XX-Q, a place quarterly similar theaters, various on grossed last under this statement our XXXX the affects financial morning, asset were ASC impact leases have is XXX year. change example filed The illustrative right and morning's with in and guidance. leases, biggest had and of and to this are would a reference our which the related ASC including As how insights implications, contains use the for standard you now new complex was comparisons. deemed assist for is, year of XXX We further the balance full a document included leases Likewise, capital the encourage other up contracts lease about impact additional year-over-year varied it X-K of within financials sheet, also financials liability disclosures. to of our this to this to be equipment aspects we an
and with of recorded ASC operating corresponding billion a of lease adoption we asset Associated operating XXX, lease liability right $X.X an each. of use approximately
a didn't to converted according qualify operating of therefore and build-to-suit leases to been standards. the according prior were now new Additionally, category sale-leaseback deemed to that leases capital accounting guidance for accounting leases have
It's our on intended which obligations the drag purely to not is or fundamentals. to rent impact operating income, of from ASC It impact facility certain items net it well as assets business causes lease This on While statement latter effect net as impact and cash lease obligations and payments, cash have this change Shifting has on presentation other depreciation our and categorizations EBITDA X underlying balance change, largely first certain sheet. accounting nonoperational flow capital reflect now sheet any adjusted lease operating on does cash emphasize financials. shifting a expenses and income minimal reclassifying or to does operating the presentation is on an change metrics. expense. balance landlords line liabilities all important flow XXX to that quarter the to from interest slight to
During of $XXX.X million revenues consolidated the and of quarter, million. our global $XXX.X company adjusted EBITDA generated total
margin revenues was were average recliner Mark basis derived XX.X% to changes. as as driven of reduced accounting attendance XX and well $XXX.X XX.X was admissions described. domestic strategic points this actions, film conversations. was the included XXXX timing by Total that quarter from year-end ticket the carryover million relative for $X.XX. a as pricing opportunities declined as increase presentation quarter Black an of XX.X% previously realized by This XXX and result the Panther, first driven stronger from a including increase X.X% the million price Our patrons adjusted to ASC of the In by year's EBITDA benefits releases to U.S.,
down an generated of prior XX.X% $X.XX, only delivered other total operations a U.S. grew revenues differential Conversely, $XXX.X Our varied promotions were and and larger our versus incremental of result our on predominantly high all-time and million cap domestic varied Overall, income. million EBITDA to which this promotional in per of concession increases million. concessions attributed X.X%, of year-over-year initiatives growth to to be well domestic $XXX.X as in price as as largely sizable purchases could revenues and year, decline. grew of contrast U.S. attendance favorable revenues most stimulate record. adjusted food growth Total were increases. actions beverage This quarter's X.X% timing $XXX.X a
International reported, projections the constant was last a impact revenues EBITDA XX.X% year up accounting were unfavorable point our and content addressed X% previously quarter. declined margin Our million were adjusted from Mark the million, with $XX.X for currency. X.X% as was in in to and ASC basis film XX which due line XXX XX.X% to but declined lease admissions drivers included Internationally, XX.X attendance versus the changes. patrons
ticket $XX.X currency Our $X.XX inflationary of was increase of to by average concessions constant decreased growth. constant reported revenues price up primarily XX.X% a in but translated as International that million were driven reported to price X.X% X.X% currency.
constant XX.X% was but food growth reported, decreased $XX.X concessions patron revenues million $XXX.X largely million. Our International driven an which and other international Overall, and was strategic constant by were were per and were varied adjusted initiatives. X.X% X.X% in as-reported $XX.X grew in favorable currency currency. beverage a international result inflation $X.XX our with advertising EBITDA of reported, and total as screen in of promotional as million, as revenues increase This up income.
XX adversely of reduced which XXX lowered also Our adjusted leverage with due Core base our by quarter's of costs larger fixed devaluations to were mix currency decline. quarter. level this associated over effect the negative during impacted pressured a lease operating EBITDA basis as the headwind attendance results point margin was well XXX was points, as by unusual to by the rate ASC basis XX.X% and transition accounting, an
approximately to the while are quarter, currency reported on translation expected, in for fluctuations difficult headwind remained continue would financials. we a hold, year if current predict, our expect the future foreign XX% full headwind XXXX. leading drag currency an mid-teens rates first a to to As percentage And
of are international of based oriented. expenses predominantly translation facility worldwide is exchange transacted Shifting in rental local currency, lease currency so transaction expenses, results. film the reminder, As to not and a impact operating the and vast our majority our consolidated including back
as advertising cost, of rental product XX.X% percentage comparison expanded decreased quarter concessions percentage of First the increased admissions Conversely, by our basis as a with year. film to across points circuit. of food total XXX concession and revenues, basis XX points, a to global a predominantly costs, result as offerings revenues, mix associated prior by in
total on rates, while tend margin rate, increase Facility and were reduced preventive of driven on leverage newer fixed XXX by certain As basis projector of inflation, percentage quarter's the And by as primarily presentation drag percentage overall increased million growth increases cost label revenues. the with calls, over XX as change and continue a a minimum estate income. increases of prior by of and other as to G&A also as expenditures. and basis wage for offerings ASC of year-over-year mentioned international the drive government-mandated was leverage impact well total and of partially create timing by maintenance our quarter resulting total first revenues attendance $X XXX. Utilities labor impacted this and support offset by grew our and revenues points rent. of cost, fixed these compared of decline reduced percentage points, were quarter wages of utility real concessions driven largely strategic concessions by These increased in sizable XXXX. the points a to This to lease slight cost in in over they new XXX XX.X% basis adoption revenues was Salaries base XXX to decreased as the revenues a by of our a theaters expenses percentage further varied restrictions payroll certain and total from basis points, due associated reduced initiatives. taxes
growth professional offset $XX.X by driven exchange quarter which pretax as as Our varied Collectively, increases more fees, than initiatives. and from foreign legal first benefited G&A million. investments and metric income inflation was reduced well in and productivity fluctuations
Inc. $XXX $X.X and was share. tax effective income respect a diluted ended net was quarter's net to million Cinemark balance sheet, of debt Our our first per the position cash attributable and million XX.X% billion. a of Holdings we $X.XX $XX.X or rate balance quarter to With with
as obligations lease with Our result improved $XXX lease reclassifying guidelines. a net million associated debt lease capital to new of the certain accounting by operating obligations
U.S. and states our footprint. XX XXX theaters screens end. to operated X,XXX attention at and quarter Turning in XXX We DMAs
During X the theater screens. quarter, opened we and XX
theaters X X open during XXXX. to and XX commitments to representing theaters signed subsequent XXXX, have screens screens XX We and
expect in We $XX screens. XXX approximately CapEx million these for to spend
X Internationally, Latin year. X We during in theaters and XX remainder screens operated also anticipate approximately of we across the countries closing XXX to America. theaters the X,XXX
X During we theater X opened the and quarter, screens.
We one a and our with of also screens in Chile. closed X at facilities and XX theater associated relocation expansion
end, comments, open screens. screens anticipate As we and as and XXX $XX term. We XXXX. to to screens for XX and the X signed America during Consistent million in theaters per of to screens near year XX subsequent growth XXXX, XX commitments we our new have with CapEx theaters we view approximately continue international average, XX X opportunity, quarter in a representing spending on these long-term prior adding, to Latin anticipate
$XX.X recliner theaters that million investments. and overall million associated with $XX existing on quarter, predominantly in first we Regarding $XX.X conversions on was CapEx, the other revenue-generating newbuilds spent million including and
$XXX varied expenditures for full designated $XXX and products investment budgeted requirements; conversions, remaining and and for additional that X/X core initiatives that our balanced continue cash is spending internationally; to beverage and maintenance, generating X/X include For thresholds. Lounger of regulatory food Luxury another million satisfy varied domestically the disciplined certain is meet which flow million builds, between is year, new anticipate and for the to CapEx, of X/X approximately including we to both theater
we and from for by lies closing, enhance film we well concludes up the $XXX and associated annual how are are as is with amortization in our with for will our million derive theater Furthermore, and offset moviegoing with engagement we partners experience, growth results million depreciation drive incremental your capital the XXXX morning. to remain XXX. questions. lines incremental Thank new actions the Shelby, $XXX tremendous that about to In approximately guests. ASC continue expect now to that line roughly largely with and to thrilled We at impact the studio expenditures our prepared and create the you would remarks, enthusiastic our time for visits we pipeline industry. content Cinemark, ahead great open our of like it this bodes of
