v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating activities        
Net income (loss) $ (148,036) $ 31,955 $ (378,274) $ 167,009
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:        
Depreciation     187,748 193,032
Amortization of intangible and other assets     3,632 3,763
Amortization of debt issue costs     4,942 3,983
Non-cash accretion on convertible notes     1,739  
Interest accrued on NCM screen advertising advances     (17,726)  
Amortization of accumulated losses for amended swap agreements     5,338  
Impairment of long-lived assets 24,595 27,304 41,214 45,382
Share based awards compensation expense 4,427 3,840 12,859 10,486
(Gain) loss on disposal of assets and other     (10,997) 8,057
Non-cash rent expense 816 (1,102) 1,649 (3,252)
Equity in (income) loss of affiliates 16,077 (15,139) 27,711 (33,982)
Deferred income tax expenses     (29,941) (5,314)
Distributions from equity investees     25,430 28,163
Changes in assets and liabilities and other     (54,782) (7,909)
Net cash provided by (used for) operating activities     (167,653) 397,215
Investing activities        
Additions to theatre properties and equipment (20,659) (71,343) (67,618) (186,512)
Acquisition of U.S. theatres, net of cash acquired       (10,170)
Proceeds from sale of theatre properties and equipment and other     212 377
Investment in joint ventures and other, net     (50)  
Net cash used for investing activities     (67,456) (196,305)
Financing activities        
Dividends paid to stockholders     (42,311) (119,452)
Payroll taxes paid as a result of stock withholdings     (2,865) (2,247)
Proceeds from convertible notes issued     460,000  
Proceeds from other borrowings     257,167  
Repayments of long-term debt     (4,947) (4,947)
Payment of debt issue costs     (24,981)  
Proceeds from warrants issued     89,424  
Payments on finance leases     (11,497) (10,830)
Other     (392) (1,588)
Net cash provided by (used for) financing activities     577,504 (139,064)
Effect of exchange rate changes on cash and cash equivalents     (5,002) (5,296)
Increase in cash and cash equivalents     337,393 56,550
Cash and cash equivalents:        
Beginning of period     488,313 426,222
End of period $ 825,706 $ 482,772 825,706 482,772
Convertible Notes        
Financing activities        
Purchase of convertible note hedges     (142,094)  
NCM        
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:        
Interest accrued on NCM screen advertising advances     17,726  
Amortization of NCM screen advertising advances and other deferred revenues     $ (23,647) $ (12,203)

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