Annual report pursuant to Section 13 and 15(d)

Reconciliation of Net Income to Adjusted EBITDA (Detail)

v3.20.4
Reconciliation of Net Income to Adjusted EBITDA (Detail) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
[1]
Sep. 30, 2020
[1]
Jun. 30, 2020
[1]
Mar. 31, 2020
[1]
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Segment Reporting Information [Line Items]                      
Net income (loss) $ (239,674) $ (148,036) $ (170,816) $ (59,422) $ 26,839 $ 31,955 $ 101,861 $ 33,193 $ (617,948) [1] $ 193,848 $ 215,305
Add (deduct):                      
Income taxes                 (309,376) 79,912 95,429
Interest expense [2]                 129,871 99,941 109,994
Loss on debt amendments and refinancing                     1,484
Other income [3]                 62,369 (22,441) (18,472)
Distributions and other cash distributions from equity investees                 25,430 53,366 30,143
Depreciation and amortization                 259,776 261,155 261,162
Impairment of long-lived and other assets                 152,706 57,001 32,372
(Gain) loss on disposal of assets and other                 (8,923) 12,008 38,702
Non-cash rent expense                 2,357 (4,360)  
Deferred lease expenses                     (1,320)
Amortization of long-term prepaid rents                     2,382
Share based awards compensation expense                 19,404 14,615 14,336
Adjusted EBITDA [4]                 (276,880) 745,045 781,517
Non-cash distributions from other equity investee                 12,915    
Restructuring costs                 20,369    
Digital Cinema Implementation Partners                      
Add (deduct):                      
Distributions and other cash distributions from equity investees [5]                 10,383 23,696 5,799
Other Investees                      
Add (deduct):                      
Distributions and other cash distributions from equity investees [6]                 15,047 $ 29,670 $ 24,344
Other Equity Investees                      
Add (deduct):                      
Non-cash distributions from other equity investee [7]                 $ (12,915)    
[1] Quarterly results during the year ended December 31, 2020 were impacted by the COVID-19 pandemic (see Note 3) as well as impairment recorded (see Notes 1 and 11).
[2] Includes amortization of debt issue costs.
[3] Includes interest income, foreign currency exchange gain (loss), interest expense – NCM and equity in income of affiliates and excludes distributions from NCM.
[4] Distributions from equity investees are reported entirely within the U.S. operating segment.
[5] See discussion of cash distributions from DCIP, which were recorded as a reduction of the Company’s investment in DCIP, at Note 9.  These distributions are reported entirely within the U.S. operating segment.
[6] Reflects cash distributions received from equity investees, other than those from DCIP noted above, that were recorded as a reduction of the respective investment balances (see Notes 8 and 9).  These distributions are reported entirely within the U.S. operating segment.
[7] Reflects non-cash distribution of projectors from DCIP (see Note 9).  These distributions are reported entirely within the U.S. operating segment.