Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income $ 132,004 $ 113,414
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 115,755 100,655
Amortization of intangible and other assets and favorable/unfavorable leases 738 1,032
Amortization of long-term prepaid rents 989 985
Amortization of debt issue costs 3,063 2,664
Amortization of deferred revenues, deferred lease incentives and other (7,923) (9,339)
Impairment of long-lived assets 4,574 1,917
Share based awards compensation expense 6,444 7,660
Loss on sale of assets and other 888 4,045
Write-off of unamortized debt issue costs associated with early retirement of debt 0 2,369
Deferred lease expenses (722) (647)
Equity in income of affiliates (15,865) (12,207)
Deferred income tax expenses 14,515 2,101
Distributions from equity investees [1] 14,919 8,270
Changes in assets and liabilities and other (33,935) (21,996)
Net cash provided by operating activities 235,444 200,923
Investing activities    
Additions to theatre properties and equipment and other (182,800) (131,524)
Acquisitions of theatres in the U.S. and international markets (40,829) (15,300)
Proceeds from sale of theatre properties and equipment and other 14,521 441
Proceeds from sale of marketable securities 0 13,451
Investment in joint ventures and other (466) (700)
Net cash used for investing activities (209,574) (133,632)
Financing activities    
Dividends paid to stockholders (67,528) (62,740)
Payroll taxes paid as a result of restricted stock withholdings (2,921) (6,802)
Proceeds from issuance of Senior Notes, net of discount 0 222,750
Retirement of Senior Subordinated Notes 0 (200,000)
Repayments of long-term debt (1,427) (15,217)
Payment of debt issue costs (521) (4,504)
Payments on capital leases (10,143) (9,529)
Other (311) 1,270
Net cash used for financing activities (82,851) (74,772)
Effect of exchange rate changes on cash and cash equivalents (75) 2,542
Decrease in cash and cash equivalents (57,056) (4,939)
Cash and cash equivalents:    
Beginning of period 561,235 588,539
End of period $ 504,179 $ 583,600
[1] Includes cash distributions received from equity investees that were recorded as a reduction of the respective investment balances (see Notes 6 and 7).