v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (128.5) $ (206.8)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 151.8 153.9
Loss (gain) on extinguishment of debt 63.1  
Gain on derivatives (8.4) (41.2)
Deferred income taxes 0.4 0.9
Gains on investments in Hycroft (16.5) (2.5)
Amortization of net discount on corporate borrowings to interest expense 5.5 8.6
Amortization of deferred financing costs to interest expense 10.1 3.9
PIK interest expense 30.9 17.1
Non-cash portion of stock-based compensation 10.6 11.7
Equity in earnings from non-consolidated entities, net of distributions (4.0) (0.1)
Lease incentives 24.6 8.9
Non-cash rent benefit (58.5) (53.0)
Net periodic pension cost 1.0 0.6
Change in assets and liabilities:    
Receivables 25.6 49.9
Other assets (0.9) (10.2)
Accounts payable 18.2 (87.5)
Accrued expenses and other liabilities (26.2) (50.4)
Other, net 8.1 (35.4)
Net cash provided by (used in) operating activities 106.9 (231.6)
Cash flows from investing activities:    
Capital expenditures (91.5) (96.5)
Proceeds from disposition of long-term assets 2.2 0.8
Proceeds from sale of Hycroft 29.7  
Other, net   0.1
Net cash used in investing activities (59.6) (95.6)
Cash flows from financing activities:    
Net proceeds from equity issuances 334.6 169.6
Proceeds from issuance of Odeon Term Loans due 2031 416.5  
Premium paid to extinguish Odeon Senior Secured Notes due 2027 (12.8)  
Principal payments under Senior Subordinated Notes due 2025   (42.8)
Repurchase of Senior Subordinated Notes due 2025   (1.3)
Principal payments under finance lease obligations (3.0) (1.9)
Cash used to pay deferred financing costs (24.0) (0.1)
Taxes paid for restricted unit withholdings (3.7) (4.4)
Net cash provided by financing activities 297.6 109.1
Effect of exchange rate changes on cash and cash equivalents and restricted cash (2.7) 12.4
Net increase (decrease) in cash and cash equivalents and restricted cash 342.2 (205.7)
Cash and cash equivalents and restricted cash at beginning of period 477.3 680.8
Cash and cash equivalents and restricted cash at end of period 819.5 475.1
Cash paid during the period for:    
Interest 193.0 190.3
Income taxes paid, net 3.5 2.8
Schedule of non-cash activities:    
Construction payables at period end 48.0 38.6
Consent fees paid with shares of Common Stock 34.5  
Other third-party equity issuance costs payable 0.7  
Issuance of shares of Common Stock in Voluntary Exchange of Senior Secured Exchangeable Notes due 2030 192.9  
Deferred financing costs payable 1.5  
Odeon Senior Secured Notes 2027    
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Loss (gain) on extinguishment of debt 30.1  
Cash flows from financing activities:    
Principal payments of secured debt (400.0)  
Term loan    
Cash flows from financing activities:    
Principal payments of secured debt $ (10.0) $ (10.0)