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 Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net loss $ (72.5) $ (208.9)
Adjustments to reconcile net loss to cash used for operating activities:    
Depreciation 61.1 67.5
Amortization of intangible and other assets 0.6 0.7
Amortization of debt issue costs 2.7 2.6
Amortization of accumulated losses for amended swap agreements 1.1 1.1
Share based awards compensation expense 5.1 4.7
(Gain) loss on disposal of assets and other (6.9) 4.5
Loss on extinguishment of debt 0.0 2.6
Non-cash rent expense (2.3) 0.1
Equity in loss of affiliates 2.2 6.8
Deferred income tax benefit (3.2) (18.1)
Distributions from equity investees 0.6 0.2
Changes in assets and liabilities and other (104.9) 14.2
Net cash used for operating activities (118.8) (124.1)
Investing activities    
Additions to theatre properties and equipment (18.7) (17.7)
Proceeds from sale of theatre properties and equipment and other 10.6
Net cash used for investing activities (8.1) (17.7)
Financing activities    
Restricted stock withholdings for payroll taxes (1.6)
Proceeds from issuance of senior notes 405.0
Proceeds from other borrowings 9.0
Redemption of senior notes (400.0)
Repayments of long-term debt (3.4) (2.0)
Payment of debt issue costs (6.0)
Fees paid related to debt refinancing (1.5)
Payments on finance leases (3.6) (3.7)
Net cash provided by (used for) financing activities (8.6) 0.8
Effect of exchange rate changes on cash and cash equivalents (3.2) (1.6)
Decrease in cash and cash equivalents (138.7) (142.6)
Cash and cash equivalents:    
Beginning of period 707.3 655.3
End of period 568.6 512.7
NCM    
Adjustments to reconcile net loss to cash used for operating activities:    
Interest accrued on NCM screen advertising advances 5.8 5.8
Amortization of NCM screen advertising advances and other deferred revenues $ (8.2) $ (7.9)