v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Unaudited - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Adjustments to reconcile net income to cash provided by operating activities:    
Loss on debt amendments and extinguishments $ 5.5 $ 10.7
Impairment of long-lived and other assets 0.0 12.1
Share-based awards compensation expense (24.1) (18.9)
Non-cash rent expense (10.2) (13.2)
Financing activities    
Payments on finance leases (11.4) (10.7)
CNK    
Operating activities    
Net income 260.8 209.1
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 146.7 158.0
Amortization of intangible and other assets 1.6 1.6
Loss on debt amendments and extinguishments 5.5 10.7
Amortization of original issue discount and debt issuance costs 6.9 7.7
Amortization of accumulated gains for amended swap agreements (10.5) (4.6)
Impairment of long-lived and other assets 0.0 12.1
Share-based awards compensation expense 24.1 18.9
Loss (gain) on disposal of assets and other 2.0 (8.8)
Non-cash rent expense (10.2) (13.2)
Equity in income of affiliates (11.3) (1.2)
Deferred income tax (benefit) expense (104.1) 16.0
Distributions from equity investees 5.1 3.2
Changes in assets and liabilities and other (26.4) (52.5)
Net cash provided by operating activities 269.6 335.8
Investing activities    
Additions to theatre properties and equipment (90.2) (89.7)
Proceeds from sale of theatre properties and equipment and other 0.5 14.8
Net cash used for investing activities (89.1) (74.9)
Financing activities    
Proceeds from amendment of senior secured credit facility 0.0 640.2
Repayment of term loan upon amendment of senior secured credit facility 0.0 (624.9)
Proceeds from issuance of 7.00% Senior Notes 500.0 0.0
Redemption of 8.75% Secured Notes (150.0) (102.2)
Repayment of 5.875% Senior Notes (405.0) 0.0
Payment of debt issuance costs (9.5) (7.5)
Payment of fees to amend senior secured credit facility and satisfy and discharge the 5.875% Senior Notes (1.3) (2.6)
Repayments of long-term debt (11.0) (8.6)
Restricted stock withholdings for payroll taxes (4.4) (2.5)
Payments on finance leases (11.4) (10.7)
Other financing activities (2.1) 0.8
Net cash used for financing activities (94.7) (118.0)
Effect of exchange rate changes on cash and cash equivalents (6.6) (11.5)
Increase in cash and cash equivalents 79.2 131.4
Cash and cash equivalents:    
Beginning of period 849.1 674.5
End of period 928.3 805.9
CUSA    
Operating activities    
Net income 268.6 226.6
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 146.7 158.0
Amortization of intangible and other assets 1.6 1.6
Loss on debt amendments and extinguishments 5.5 10.7
Amortization of original issue discount and debt issuance costs 4.3 5.1
Amortization of accumulated gains for amended swap agreements (10.5) (4.6)
Impairment of long-lived and other assets 0.0 12.1
Share-based awards compensation expense 23.1 18.0
Loss (gain) on disposal of assets and other 2.0 (8.8)
Net gains on investment in NCMI (12.8) (13.9)
Non-cash rent expense (10.2) (13.2)
Equity in income of affiliates (11.3) (1.2)
Deferred income tax (benefit) expense (99.1) 12.3
Distributions from equity investees 5.1 3.2
Changes in assets and liabilities and other (25.7) (50.7)
Net cash provided by operating activities 279.5 347.9
Investing activities    
Additions to theatre properties and equipment (90.2) (89.7)
Proceeds from sale of theatre properties and equipment and other 0.5 14.8
Net cash used for investing activities (89.1) (74.9)
Financing activities    
Proceeds from amendment of senior secured credit facility 0.0 640.2
Repayment of term loan upon amendment of senior secured credit facility 0.0 (624.9)
Proceeds from issuance of 7.00% Senior Notes 500.0 0.0
Redemption of 8.75% Secured Notes (150.0) (102.2)
Repayment of 5.875% Senior Notes (405.0) 0.0
Payment of debt issuance costs (9.5) (7.5)
Payment of fees to amend senior secured credit facility and satisfy and discharge the 5.875% Senior Notes (1.3) (2.6)
Repayments of long-term debt (11.0) (8.6)
Restricted stock withholdings for payroll taxes (4.4) (2.5)
Payments on finance leases (11.4) (10.7)
Other financing activities (2.1) 0.8
Net cash used for financing activities (94.7) (118.0)
Effect of exchange rate changes on cash and cash equivalents (6.6) (11.5)
Increase in cash and cash equivalents 89.1 143.5
Cash and cash equivalents:    
Beginning of period 612.4 427.3
End of period 701.5 570.8
NCM | CNK    
Adjustments to reconcile net income to cash provided by operating activities:    
Interest accrued on NCM screen advertising advances 16.5 17.0
Amortization of NCM screen advertising advances and other deferred revenues (24.3) (24.3)
Investing activities    
Proceeds from redemption of common units of NCM 0.6 0.0
NCM | CUSA    
Adjustments to reconcile net income to cash provided by operating activities:    
Interest accrued on NCM screen advertising advances 16.5 17.0
Amortization of NCM screen advertising advances and other deferred revenues (24.3) (24.3)
Investing activities    
Proceeds from redemption of common units of NCM 0.6 0.0
NCMI | CNK    
Adjustments to reconcile net income to cash provided by operating activities:    
Net gains on investment in NCMI (12.8) (13.9)
NCMI | CUSA    
Adjustments to reconcile net income to cash provided by operating activities:    
Net gains on investment in NCMI $ (12.8) $ (13.9)

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