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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net loss $ (351,124) $ (230,238)
Adjustments to reconcile net loss to cash used for operating activities:    
Depreciation 133,733 126,387
Amortization of intangible and other assets 1,347 2,450
Amortization of debt issue costs 5,273 2,917
Amortization of NCM screen advertising advances and other deferred revenues (16,094) (15,795)
Amortization of accumulated losses for amended swap agreements 2,247 2,669
Impairment of long-lived assets   16,619
Share based awards compensation expense 10,575 8,432
Loss on disposal of assets and other 6,863 2,330
Loss on extinguishment of debt 6,527  
Non-cash rent expense (679) 833
Equity in loss of affiliates 14,915 11,634
Deferred income tax expenses (13,719) 3,380
Distributions from equity investees 156 23,284
Changes in assets and liabilities and other 166,766 (120,597)
Net cash used for operating activities (21,417) (153,870)
Investing activities    
Additions to theatre properties and equipment (32,819) (46,959)
Proceeds from sale of theatre properties and equipment and other 1,995 198
Investment in joint ventures and other, net   (50)
Net cash used for investing activities (30,824) (46,811)
Financing activities    
Dividends paid to stockholders   (42,311)
Payroll taxes paid as a result of stock withholdings (12) (2,798)
Proceeds from revolving line of credit   98,800
Proceeds from issuance of senior notes 1,170,000 250,000
Proceeds from other borrowings 9,012 6,136
Redemption of senior notes (1,155,000)  
Repayments of long-term debt (4,204) (3,298)
Payment of debt issue costs (17,272) (7,858)
Fees paid related to debt refinancing (2,058)  
Payments on finance leases [1] (7,373) (7,620)
Other   (392)
Net cash provided by (used for) financing activities (6,907) 290,659
Effect of exchange rate changes on cash and cash equivalents (306) (6,536)
Increase (decrease) in cash and cash equivalents (59,454) 83,442
Cash and cash equivalents:    
Beginning of period 655,338 488,313
End of period 595,884 571,755
NCM    
Adjustments to reconcile net loss to cash used for operating activities:    
Interest accrued on NCM screen advertising advances $ 11,797 $ 11,825
[1] As discussed above at Lease Deferrals and Abatements, the Company negotiated certain lease amendments to defer and/or abate contractual payments as a result of the COVID-19 pandemic and temporary closure of theatres.  In accordance with FASB Staff guidance, the Company did not recalculate lease liabilities and right of use assets for amendments that did not result in a substantial increase in the rights of the lessor or the obligations of the lessee.  Contractual payment amounts for the six months ended June 30, 2021 above are prior to the impact of deferred or abated rent amounts.

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