Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities    
Net income $ 146,362 $ 134,644
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 129,183 117,195
Amortization of intangible and other assets and favorable/unfavorable leases 1,925 2,970
Amortization of long-term prepaid rents 1,785 2,104
Amortization of debt issue costs 3,934 4,165
Amortization of deferred revenues, deferred lease incentives and other (10,198) (8,478)
Amortization of bond discount   482
Impairment of long-lived assets 5,294 2,076
Share based awards compensation expense 9,564 10,346
(Gain) loss on sale of assets and other 8,719 (2,532)
Write-off of unamortized debt discount and debt issue costs related to early retirement of debt   15,688
Deferred lease expenses 2,016 4,038
Deferred income tax expenses (20,976) (34,087)
Equity in income of affiliates (17,548) (15,839)
Interest paid on redemption of senior notes   (8,054)
Distributions from equity investees 11,374 7,645
Changes in assets and liabilities and other (48,285) (53,870)
Net cash provided by operating activities 223,149 178,493
Investing activities    
Additions to theatre properties and equipment (156,168) (159,488)
Proceeds from sale of theatre properties and equipment and other 1,973 29,880
Acquisitions of theatres in U.S.   (259,247)
Investment in joint ventures and other (1,925) (5,080)
Net cash used for investing activities (156,120) (393,935)
Financing activities    
Proceeds from stock option exercises 112 58
Payroll taxes paid as a result of restricted stock withholdings (9,776) (3,464)
Dividends paid to stockholders (86,700) [1] (77,191) [2]
Issuance of senior notes   530,000
Other short-term borrowings   1,473
Redemption of senior notes   (461,946)
Repayments of long-term debt (6,702) (7,060)
Payment of debt issue costs   (9,328)
Payments on capital leases (10,293) (8,480)
Purchase of noncontrolling interest share of Adamark S.A., a Brazilian subsidiary   (5,621)
Other 3,349 2,861
Net cash used for financing activities (110,010) (38,698)
Effect of exchange rate changes on cash and cash equivalents (10,283) (8,745)
Decrease in cash and cash equivalents (53,264) (262,885)
Cash and cash equivalents:    
Beginning of period 599,929 742,664
End of period $ 546,665 $ 479,779
[1] Below is a summary of dividends paid to stockholders during the nine months ended September 30, 2014: Declaration Date Record Date Date Paid Amount per Share of Common Stock Total Amount Paid 02/14/14 03/04/14 03/19/14 $ 0.25 $ 28,845 05/22/14 06/06/14 06/20/14 $ 0.25 28,926 08/13/14 08/28/14 09/12/14 $ 0.25 28,929 Total $ 0.75 $ 86,700
[2] Below is a summary of dividends paid to stockholders during the nine months ended September 30, 2013: Declaration Date Record Date Date Paid Amount per Share of Common Stock Total Amount Paid 02/12/13 03/04/13 03/15/13 $ 0.21 $ 24,140 05/24/13 06/06/13 06/20/13 $ 0.21 24,216 08/15/13 08/28/13 09/12/13 $ 0.25 28,835 Total $ 0.67 $ 77,191