Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating activities      
Net income $ 193,999us-gaap_ProfitLoss $ 150,548us-gaap_ProfitLoss $ 171,420us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 173,138us-gaap_Depreciation 160,071us-gaap_Depreciation 143,394us-gaap_Depreciation
Amortization of intangible and other assets and favorable/unfavorable leases 2,518us-gaap_AmortizationOfIntangibleAssets 3,899us-gaap_AmortizationOfIntangibleAssets 4,281us-gaap_AmortizationOfIntangibleAssets
Amortization of long-term prepaid rents 1,542cnk_AmortizationOfLongTermPrepaidRents 2,625cnk_AmortizationOfLongTermPrepaidRents 2,673cnk_AmortizationOfLongTermPrepaidRents
Amortization of debt issue costs 5,245us-gaap_AmortizationOfFinancingCosts 5,476us-gaap_AmortizationOfFinancingCosts 4,792us-gaap_AmortizationOfFinancingCosts
Amortization of deferred revenues, deferred lease incentives and other (13,665)cnk_AmortizationOfDeferredRevenuesDeferredLeaseIncentivesAndOther (11,712)cnk_AmortizationOfDeferredRevenuesDeferredLeaseIncentivesAndOther (9,343)cnk_AmortizationOfDeferredRevenuesDeferredLeaseIncentivesAndOther
Amortization of bond discount   482us-gaap_AmortizationOfDebtDiscountPremium 933us-gaap_AmortizationOfDebtDiscountPremium
Amortization of accumulated other comprehensive loss related to terminated interest rate swap agreement     2,470cnk_AmortizationOfAccumulatedOtherComprehensiveLossRelatedToTerminatedInterestRateSwapAgreement
Fair value change in interest rate swap agreements not designated as hedges     (808)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGain
Impairment of long-lived assets 6,647us-gaap_ImpairmentOfLongLivedAssetsHeldForUse 3,794us-gaap_ImpairmentOfLongLivedAssetsHeldForUse 3,031us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
Share based awards compensation expense 12,818us-gaap_ShareBasedCompensation 16,886us-gaap_ShareBasedCompensation 15,070us-gaap_ShareBasedCompensation
(Gain) loss on sale of assets and other 15,715cnk_GainLossOnSaleOfAssetsAndOther (3,845)cnk_GainLossOnSaleOfAssetsAndOther 12,168cnk_GainLossOnSaleOfAssetsAndOther
Write-off of unamortized debt issue costs, debt discount and accumulated other comprehensive loss related to early retirement of debt   15,688cnk_WriteOffDebtIssueCostsAndRelatedItemsDueToEarlyRetirementOfDebt  
Deferred lease expenses 2,536cnk_DeferredLeaseExpensesAdjustmentsToReconcileNetIncomeToCashProvidedByUsedForOperatingActivities 5,701cnk_DeferredLeaseExpensesAdjustmentsToReconcileNetIncomeToCashProvidedByUsedForOperatingActivities 4,104cnk_DeferredLeaseExpensesAdjustmentsToReconcileNetIncomeToCashProvidedByUsedForOperatingActivities
Equity in income (loss) (22,743)us-gaap_IncomeLossFromEquityMethodInvestments (22,682)us-gaap_IncomeLossFromEquityMethodInvestments (13,109)us-gaap_IncomeLossFromEquityMethodInvestments
Deferred income tax expenses 526us-gaap_DeferredIncomeTaxExpenseBenefit (37,790)us-gaap_DeferredIncomeTaxExpenseBenefit 5,280us-gaap_DeferredIncomeTaxExpenseBenefit
Interest paid on redemption of senior notes   (8,054)cnk_InterestPaidOnRedemptionOfSeniorNotes  
Distributions from equity investees 19,172us-gaap_EquityMethodInvestmentDividendsOrDistributions 13,658us-gaap_EquityMethodInvestmentDividendsOrDistributions 7,470us-gaap_EquityMethodInvestmentDividendsOrDistributions
Changes in other assets and liabilities:      
Inventories 400us-gaap_IncreaseDecreaseInInventories (1,539)us-gaap_IncreaseDecreaseInInventories (1,287)us-gaap_IncreaseDecreaseInInventories
Accounts receivable 33,804us-gaap_IncreaseDecreaseInAccountsReceivable (15,938)us-gaap_IncreaseDecreaseInAccountsReceivable (2,365)us-gaap_IncreaseDecreaseInAccountsReceivable
Income tax receivable (18,681)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable 4,060us-gaap_IncreaseDecreaseInIncomeTaxesReceivable 10,657us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
Prepaid expenses and other 4,011cnk_IncreaseDecreaseInPrepaidExpensesAndOther (3,557)cnk_IncreaseDecreaseInPrepaidExpensesAndOther 22cnk_IncreaseDecreaseInPrepaidExpensesAndOther
Deferred charges and other assets - net 19,713cnk_IncreaseDecreaseInDeferredChargesAndOtherAssets (17,624)cnk_IncreaseDecreaseInDeferredChargesAndOtherAssets (26,507)cnk_IncreaseDecreaseInDeferredChargesAndOtherAssets
Accounts payable and accrued expenses 32,570us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 48,963us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 37,681us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Income tax payable (15,685)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 15,035us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 2,385us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Liabilities for uncertain tax positions (4,437)cnk_IncreaseDecreaseInLiabilityForUncertainTaxPositions (14,345)cnk_IncreaseDecreaseInLiabilityForUncertainTaxPositions 12,064cnk_IncreaseDecreaseInLiabilityForUncertainTaxPositions
Other long-term liabilities 5,491us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities (134)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities 8,729us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Net cash provided by operating activities 454,634us-gaap_NetCashProvidedByUsedInOperatingActivities 309,666us-gaap_NetCashProvidedByUsedInOperatingActivities 395,205us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing activities      
Additions to theatre properties and equipment (244,705)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (259,670)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (220,727)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of theatre properties and equipment and other 2,545us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 34,271us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 1,976us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Acquisition of theatres in the U.S., net of cash acquired (7,951)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (259,247)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (14,080)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Proceeds from disposition of Mexico theatres   126,167us-gaap_ProceedsFromDivestitureOfBusinesses  
Investment in joint ventures and other (3,228)cnk_PaymentsToJointVentureInvestment (6,222)cnk_PaymentsToJointVentureInvestment (1,480)cnk_PaymentsToJointVentureInvestment
Net cash used for investing activities (253,339)us-gaap_NetCashProvidedByUsedInInvestingActivities (364,701)us-gaap_NetCashProvidedByUsedInInvestingActivities (234,311)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing activities      
Proceeds from stock option exercises 112us-gaap_ProceedsFromStockOptionsExercised 57us-gaap_ProceedsFromStockOptionsExercised 459us-gaap_ProceedsFromStockOptionsExercised
Payroll taxes paid as a result of restricted stock withholdings (9,861)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (3,464)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (3,263)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Dividends paid to stockholders (115,625)us-gaap_PaymentsOfDividendsCommonStock (106,045)us-gaap_PaymentsOfDividendsCommonStock (96,367)us-gaap_PaymentsOfDividendsCommonStock
Proceeds from issuance of notes   530,000cnk_ProceedsFromIssuanceOfNotes 400,000cnk_ProceedsFromIssuanceOfNotes
Other short term borrowings   1,473us-gaap_ProceedsFromOtherShortTermDebt  
Proceeds from amended senior secured credit facility     700,000cnk_ProceedsFromTermLoanDebt
Repayment of former senior secured credit facility     (898,955)cnk_RepaymentOfTermLoanDebt
Redemption of senior notes   (461,946)cnk_RedemptionOfSeniorNotes  
Repayments of other long-term debt (9,846)us-gaap_RepaymentsOfOtherLongTermDebt (9,339)us-gaap_RepaymentsOfOtherLongTermDebt (9,711)us-gaap_RepaymentsOfOtherLongTermDebt
Payment of debt issue costs   (9,328)us-gaap_PaymentsOfDebtIssuanceCosts (18,453)us-gaap_PaymentsOfDebtIssuanceCosts
Payments on capital leases (14,035)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (12,015)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (9,451)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations
Purchases of non-controlling interests   (5,621)us-gaap_PaymentsToMinorityShareholders  
Other 2,422us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 44us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (835)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided by (used for) financing activities (146,833)us-gaap_NetCashProvidedByUsedInFinancingActivities (76,184)us-gaap_NetCashProvidedByUsedInFinancingActivities 63,424us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rates on cash and cash equivalents (15,522)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (11,516)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (3,062)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Increase (decrease) in cash and cash equivalents 38,940us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (142,735)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 221,256us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents:      
Beginning of year 599,929us-gaap_CashAndCashEquivalentsAtCarryingValue 742,664us-gaap_CashAndCashEquivalentsAtCarryingValue 521,408us-gaap_CashAndCashEquivalentsAtCarryingValue
End of year $ 638,869us-gaap_CashAndCashEquivalentsAtCarryingValue $ 599,929us-gaap_CashAndCashEquivalentsAtCarryingValue $ 742,664us-gaap_CashAndCashEquivalentsAtCarryingValue