v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating activities        
Net income (loss) $ (170,816) $ 101,861 $ (230,238) $ 135,054
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:        
Depreciation     126,387 126,551
Amortization of intangible and other assets     2,450 2,484
Amortization of debt issue costs     2,917 2,655
Amortization of accumulated losses for amended swap agreements 2,669   2,669  
Interest accrued on NCM screen advertising advances     (11,825)  
Impairment of long-lived assets   12,494 16,619 18,078
Share based awards compensation expense 4,321 3,676 8,432 6,646
Loss on disposal of assets and other     2,330 5,604
Non-cash rent expense 1,424 (1,331) 833 (2,150)
Equity in (income) loss of affiliates 20,120 (8,439) 11,634 (18,843)
Deferred income tax expenses     3,380 5,840
Distributions from equity investees     23,284 19,665
Changes in assets and liabilities and other     (120,597) 10,015
Net cash provided by (used for) operating activities     (153,870) 303,579
Investing activities        
Additions to theatre properties and equipment (12,816) (57,600) (46,959) (115,169)
Acquisition of theatres in the U.S. and international markets, net of cash acquired       (10,170)
Proceeds from sale of theatre properties and equipment and other     198 153
Investment in joint ventures and other, net     (50)  
Net cash used for investing activities     (46,811) (125,186)
Financing activities        
Dividends paid to stockholders     (42,311) (79,620)
Payroll taxes paid as a result of stock withholdings     (2,798) (2,247)
Proceeds from revolving line of credit     98,800  
Proceeds from other borrowings     256,136  
Repayments of long-term debt     (3,298) (3,298)
Payment of debt issue costs     (7,858)  
Payments on finance leases     (7,620) (7,131)
Other     (392) (1,294)
Net cash provided by (used for) financing activities     290,659 (93,590)
Effect of exchange rate changes on cash and cash equivalents     (6,536) 367
Increase in cash and cash equivalents     83,442 85,170
Cash and cash equivalents:        
Beginning of period     488,313 426,222
End of period $ 571,755 $ 511,392 571,755 511,392
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     (15,795) $ (8,020)
Interest accrued on NCM screen advertising advances     $ 11,825  

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