Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net loss $ (169.2) $ (428.7)
Adjustments to reconcile net loss to cash provided by (used for) operating activities:    
Depreciation 179.1 200.3
Amortization of intangible and other assets 1.9 2.0
Amortization of debt issuance costs 8.2 8.0
Amortization of accumulated losses for amended swap agreements 3.4 3.4
Share based awards compensation expense 16.2 16.6
Impairment of long-lived and other assets 107.5 7.5
(Gain) loss on disposal of assets and other (6.4) 7.9
Loss on extinguishment of debt 0.0 6.5
Non-cash rent expense (7.5) (1.8)
Equity in loss of affiliates 7.5 22.1
Deferred income tax benefit (1.5) (21.1)
Distributions from equity investees 1.5 0.2
Changes in assets and liabilities and other 106.0 (141.5)
Net cash provided by (used for) operating activities 27.7 (42.2)
Investing activities    
Additions to theatre properties and equipment (65.3) (57.2)
Proceeds from sale of theatre properties and equipment and other 12.0 2.2
Net cash used for investing activities (53.3) (55.0)
Financing activities    
Restricted stock withholdings for payroll taxes (4.1) 0.0
Proceeds from issuance of senior notes 0.0 1,170.0
Proceeds from other borrowings 0.0 9.7
Redemption of senior notes 0.0 (1,155.0)
Repayments of long-term debt (14.0) (7.2)
Payment of debt issuance costs 0.0 (17.3)
Fees paid related to debt refinancing 0.0 (2.1)
Payments on finance leases (10.8) (11.0)
Other financing activities (3.7) 0.0
Net cash provided by (used for) financing activities (32.6) (12.9)
Effect of exchange rate changes on cash and cash equivalents (17.2) (2.2)
Increase (decrease) in cash and cash equivalents (75.4) (112.3)
Cash and cash equivalents:    
Beginning of period 707.3 655.3
End of period 631.9 543.0
CNK    
Operating activities    
Net loss (169.2) (428.7)
Adjustments to reconcile net loss to cash provided by (used for) operating activities:    
Impairment of long-lived and other assets 107.5 7.5
Equity in loss of affiliates 7.5 22.1
CUSA    
Operating activities    
Net loss (140.9) (412.8)
Adjustments to reconcile net loss to cash provided by (used for) operating activities:    
Depreciation 179.1 200.3
Amortization of intangible and other assets 1.9 2.0
Amortization of debt issuance costs 5.6 5.4
Amortization of accumulated losses for amended swap agreements 3.4 3.4
Share based awards compensation expense 15.5 15.9
Impairment of long-lived and other assets 107.5 7.5
(Gain) loss on disposal of assets and other (6.4) 7.9
Loss on extinguishment of debt 0.0 6.5
Non-cash rent expense (7.5) (1.8)
Equity in loss of affiliates 7.5 22.1
Deferred income tax benefit (3.3) (20.9)
Distributions from equity investees 1.5 0.2
Changes in assets and liabilities and other (109.9) 139.2
Net cash provided by (used for) operating activities 47.0 (31.7)
Investing activities    
Additions to theatre properties and equipment (65.3) (57.2)
Proceeds from sale of theatre properties and equipment and other 12.0 2.2
Net cash used for investing activities (53.3) (55.0)
Financing activities    
Restricted stock withholdings for payroll taxes (4.1) 0.0
Contributions received from parent 0.0 120.0
Proceeds from issuance of senior notes 0.0 1,170.0
Proceeds from other borrowings 0.0 9.7
Redemption of senior notes 0.0 (1,155.0)
Repayments of long-term debt (14.0) (7.2)
Payment of debt issuance costs 0.0 (17.3)
Fees paid related to debt refinancing 0.0 (2.1)
Payments on finance leases (10.8) (11.0)
Other financing activities (3.7) 0.0
Net cash provided by (used for) financing activities (32.6) 107.1
Effect of exchange rate changes on cash and cash equivalents (17.2) (2.2)
Increase (decrease) in cash and cash equivalents (56.1) 18.2
Cash and cash equivalents:    
Beginning of period 442.7 260.5
End of period 386.6 278.7
NCM    
Adjustments to reconcile net loss to cash provided by (used for) operating activities:    
Interest accrued on NCM screen advertising advances 17.5 17.7
Amortization of NCM screen advertising advances and other deferred revenues (24.5) (24.3)
NCM | CUSA    
Adjustments to reconcile net loss to cash provided by (used for) operating activities:    
Interest accrued on NCM screen advertising advances 17.5 17.7
Amortization of NCM screen advertising advances and other deferred revenues $ (24.5) $ (24.3)