v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net income (loss) $ 209.1 $ (169.2)
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:    
Impairment of long-lived and other assets 12.1 107.5
Share based awards compensation expense 18.9 16.2
Non-cash rent expense (13.2) (7.5)
Distributions from equity investees [1] 3.2 1.5
Investing activities    
Additions to theatre properties and equipment (89.7) (65.3)
Financing activities    
Payments on finance leases (10.7) (10.8)
CNK    
Operating activities    
Net income (loss) 209.1 (169.2)
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:    
Depreciation 158.0 179.1
Amortization of intangible and other assets 1.6 1.9
Loss on debt extinguishment and refinancing 10.7 0.0
Amortization of original issue discount and debt issuance costs 7.7 8.2
Amortization of accumulated (gains) losses for amended swap agreements (4.6) 3.4
Impairment of long-lived and other assets 12.1 107.5
Share based awards compensation expense 18.9 16.2
Gain on disposal of assets and other (8.8) (6.4)
Unrealized gain on investment in NCMI (13.9) 0.0
Non-cash rent expense (13.2) (7.5)
Equity in (income) loss of affiliates (1.2) 7.5
Deferred income tax expense (benefit) 16.0 (1.5)
Distributions from equity investees 3.2 1.5
Changes in assets and liabilities and other (52.5) (106.0)
Net cash provided by operating activities 335.8 27.7
Investing activities    
Additions to theatre properties and equipment (89.7) (65.3)
Net proceeds from sale of subsidiary 14.8 0.0
Proceeds from sale of theatre properties and equipment and other 0.0 12.0
Net cash used for investing activities (74.9) (53.3)
Financing activities    
Proceeds from refinancing of senior secured credit facility 640.2 0.0
Repayment of term loan upon refinancing of senior secured credit facility (624.9) 0.0
Redemption of 8.75% Secured Notes (102.2) (0.0)
Payment of debt issuance costs (7.5) 0.0
Payment of fees on refinancing of senior secured credit facility (2.6) 0.0
Repayments of long-term debt (8.6) (14.0)
Restricted stock withholdings for payroll taxes (2.5) (4.1)
Payments on finance leases (10.7) (10.8)
Other financing activities 0.8 (3.7)
Net cash used for financing activities (118.0) (32.6)
Effect of exchange rate changes on cash and cash equivalents (11.5) (17.2)
Increase (decrease) in cash and cash equivalents 131.4 (75.4)
Cash and cash equivalents:    
Beginning of period 674.5 707.3
End of period 805.9 631.9
CUSA    
Operating activities    
Net income (loss) 226.6 (140.9)
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:    
Depreciation 158.0 179.1
Amortization of intangible and other assets 1.6 1.9
Loss on debt extinguishment and refinancing 10.7 0.0
Amortization of original issue discount and debt issuance costs 5.1 5.6
Amortization of accumulated (gains) losses for amended swap agreements (4.6) 3.4
Impairment of long-lived and other assets 12.1 107.5
Share based awards compensation expense 18.0 15.5
Gain on disposal of assets and other (8.8) (6.4)
Unrealized gain on investment in NCMI (13.9) 0.0
Non-cash rent expense (13.2) (7.5)
Equity in (income) loss of affiliates (1.2) 7.5
Deferred income tax expense (benefit) 12.3 (3.3)
Distributions from equity investees 3.2 1.5
Changes in assets and liabilities and other (50.7) (109.9)
Net cash provided by operating activities 347.9 47.0
Investing activities    
Additions to theatre properties and equipment (89.7) (65.3)
Net proceeds from sale of subsidiary 14.8 0.0
Proceeds from sale of theatre properties and equipment and other 0.0 12.0
Net cash used for investing activities (74.9) (53.3)
Financing activities    
Proceeds from refinancing of senior secured credit facility 640.2 0.0
Repayment of term loan upon refinancing of senior secured credit facility (624.9) 0.0
Redemption of 8.75% Secured Notes (102.2) 0.0
Payment of debt issuance costs (7.5) 0.0
Payment of fees on refinancing of senior secured credit facility (2.6) 0.0
Repayments of long-term debt (8.6) (14.0)
Restricted stock withholdings for payroll taxes (2.5) (4.1)
Payments on finance leases (10.7) (10.8)
Other financing activities 0.8 (3.7)
Net cash used for financing activities (118.0) (32.6)
Effect of exchange rate changes on cash and cash equivalents (11.5) (17.2)
Increase (decrease) in cash and cash equivalents 143.5 (56.1)
Cash and cash equivalents:    
Beginning of period 427.3 442.7
End of period 570.8 386.6
NCM | CNK    
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:    
Interest accrued on NCM screen advertising advances 17.0 17.5
Amortization of NCM screen advertising advances and other deferred revenues (24.3) (24.5)
NCM | CUSA    
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:    
Interest accrued on NCM screen advertising advances 17.0 17.5
Amortization of NCM screen advertising advances and other deferred revenues (24.3) (24.5)
NCMI | CNK    
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:    
Unrealized gain on investment in NCMI 13.9 0.0
NCMI | CUSA    
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:    
Unrealized gain on investment in NCMI $ 13.9 $ 0.0
[1] Reflects cash distributions received from equity investees that were recorded as a reduction of the respective investment balances. These distributions are reported entirely within the U.S. operating segment.

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