v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net income (loss) $ (59,422) $ 33,193
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:    
Depreciation 64,005 63,247
Amortization of intangible and other assets 1,251 1,215
Amortization of debt issue costs 1,328 1,328
Interest accrued on NCM screen advertising advances (5,891)  
Impairment of long-lived assets 16,619 5,584
Share based awards compensation expense 4,111 2,970
Loss on disposal of assets and other 1,905 3,799
Non-cash rent expense (591) (819)
Equity in income of affiliates (8,486) (10,404)
Deferred income tax expenses 15,364 (10,964)
Distributions from equity investees 16,606 14,342
Changes in assets and liabilities and other (66,290) 4,814
Net cash provided by (used for) operating activities (15,561) 104,284
Investing activities    
Additions to theatre properties and equipment (34,143) (57,569)
Proceeds from sale of theatre properties and equipment and other 55 57
Investment in joint ventures and other, net (50)  
Net cash used for investing activities (34,138) (57,512)
Financing activities    
Dividends paid to stockholders (42,311) (39,797)
Payroll taxes paid as a result of stock withholdings (2,691) (1,947)
Proceeds from revolving line of credit 98,800  
Repayments of long-term debt (1,649) (1,649)
Payments on finance leases 3,789 3,517
Other (392) (1,000)
Net cash provided by (used for) financing activities 47,968 (47,910)
Effect of exchange rate changes on cash and cash equivalents (7,183) 110
Decrease in cash and cash equivalents (8,914) (1,028)
Cash and cash equivalents:    
Beginning of period 488,313 426,222
End of period 479,399 425,194
NCM    
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:    
Amortization of NCM screen advertising advances and other deferred revenues (7,852) $ (4,021)
Interest accrued on NCM screen advertising advances $ 5,891  

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