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
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating activities        
Net income $ 50,621 $ 38,540 $ 195,262 $ 170,544
Adjustments to reconcile net income to cash provided by operating activities:        
Depreciation     191,236 173,378
Amortization of intangible and other assets and favorable/unfavorable leases     2,420 1,167
Amortization of long-term prepaid rents 578 551 1,814 1,540
Amortization of debt issue costs     4,236 4,619
Loss on debt amendments and refinancing     1,484 246
Amortization of deferred revenues, deferred lease incentives and other     (16,264) (12,037)
Impairment of long-lived assets 1,641 5,026 5,020 9,600
Share based awards compensation expense 3,486 3,043 10,364 9,487
Loss on disposal of assets and other 7,826 8,576 28,666 9,464
Deferred lease expenses (20) (297) (952) (1,019)
Equity in income of affiliates (14,158) (10,902) (29,208) (26,767)
Deferred income tax expenses     9,096 9,541
Distributions from equity investees [1] 4,786 2,402 21,041 17,321
Changes in assets and liabilities and other     (74,161) (55,433)
Net cash provided by operating activities     350,054 311,651
Investing activities        
Additions to theatre properties and equipment (83,373) (79,930) (245,962) (262,730)
Acquisitions of theatres in the U.S. and international markets, net of cash acquired     (11,289) (41,000)
Proceeds from sale of theatre properties and equipment and other     3,557 14,816
Investment in joint ventures and other, net     (20,442) (1,178)
Net cash used for investing activities     (352,529) (290,092)
Financing activities        
Dividends paid to stockholders     (112,108) (101,304)
Payroll taxes paid as a result of stock withholdings     (2,905) (2,943)
Repayments of long-term debt     (4,946) (2,855)
Payment of debt issue costs     (5,103) (817)
Fees paid related to debt amendments     (704) (246)
Payments on capital leases     (18,778) (15,814)
Proceeds from financing lease       10,200
Other       (620)
Net cash used for financing activities     (144,544) (114,399)
Effect of exchange rate changes on cash and cash equivalents     (8,732) 1,051
Decrease in cash and cash equivalents     (155,751) (91,789)
Cash and cash equivalents:        
Beginning of period     522,547 561,235
End of period 366,796 469,446 366,796 469,446
NCM        
Adjustments to reconcile net income to cash provided by operating activities:        
Equity in income of affiliates $ (6,830) $ (5,032) (11,341) $ (8,098)
Investing activities        
Acquisition of NCM common units     $ (78,393)  
[1] Includes cash distributions received from equity investees that were recorded as a reduction of the respective investment balances (see Notes 7 and 8). These distributions are reported entirely within the U.S. operating segment.