v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net earnings (loss) $ 111,667 $ 103,856 $ 64,080
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 268,243 232,961 216,321
Deferred income taxes 34,091 51,660 32,430
Impairment of long-lived assets 5,544 1,702 3,149
Gain on extinguishment of debt   (44) (8,544)
Amortization of premium on corporate borrowings 201 808 832
Amortization of deferred charges to interest expense 6,129 3,480 2,664
Theatre and other closure expense 5,204 5,028 9,346
Stock-based compensation 4,855 10,480 11,293
Loss (gain) on dispositions (2,400) 281 (630)
Equity in earnings and losses from non-consolidated entities, net of distributions (15,455) (9,603) (102)
Landlord contributions 125,139 83,346 59,518
Deferred rent (33,741) (24,533) (18,056)
Net periodic benefit cost (credit) 730 (18,208) (3,418)
Change in assets and liabilities, excluding acquisitions:      
Receivables (56,750) (1,428) 308
Other assets (29,133) (2,835) (4,282)
Accounts payable 21,490 41,362 (13,692)
Accrued expenses and other liabilities (18,373) (8,690) (52,603)
Other, net 4,214 (2,066) (1,312)
Net cash provided by operating activities 431,655 467,557 297,302
Cash flows from investing activities:      
Capital expenditures (421,713) (333,423) (270,734)
Proceeds from disposition of long-term assets 19,909 604 238
Investments in non-consolidated entities (10,481) (1,915) (1,522)
Other, net (6,515) (1,849) 327
Net cash used in investing activities (1,354,650) (509,436) (271,691)
Cash flows from financing activities:      
Proceeds from issuance of Term Loan Due 2023 498,750    
Proceeds from issuance of bridge loan due 2017 350,000    
Proceeds from extension and modification of Term Loan due 2022   124,375  
Repurchase of Senior Subordinated Notes due 2020   (645,701)  
Borrowings under (repayments) Revolving Credit Facility (75,000) 75,000  
Repurchase of Senior Notes due 2019     (639,728)
Payments of Stock Issuance Costs (763)   (281)
Repayments of Term Loan (8,806) (5,813) (7,750)
Principal payments under capital and financing lease obligations (10,852) (7,840) (6,941)
Principal payments under promissory note (1,389) (1,389) (1,389)
Principal amount of coupon payment under Senior Subordinated Notes due 2020   (3,486) (6,227)
Cash used to pay dividends (79,627) (78,608) (58,504)
Deferred financing costs (65,877) (21,252) (7,952)
Purchase of treasury stock     (92)
Net cash provided by (used in) financing activities 918,263 35,286 (353,864)
Effect of exchange rate changes on cash and equivalents 555 (363) 5
Net increase (decrease) in cash and equivalents (4,177) (6,956) (328,248)
Cash and equivalents at beginning of period 211,250 218,206 546,454
Cash and equivalents at end of period 207,073 211,250 218,206
Cash paid during the period for:      
Interest (including amounts capitalized of $234, $203 and $315) 105,380 103,913 113,578
Income taxes paid (refunded), net 4,738 5,351 1,084
Schedule of non-cash investing and financing activities:      
Investment (See Note 5-Investments)   76,101 2,137
6.375% Senior Subordinated Notes due 2024      
Cash flows from financing activities:      
Proceeds from issuance of Senior Subordinated Notes 310,000    
5.875% Senior Subordinated Notes due 2026      
Cash flows from financing activities:      
Proceeds from issuance of Senior Subordinated Notes 595,000    
Senior Secured Note GBP 9.0 Percent Due 2018 [Member]      
Cash flows from financing activities:      
Payments of Senior Subordinated Notes (380,678)    
Senior Secured Note 4.93 Percent Due 2018 [Member]      
Cash flows from financing activities:      
Payments of Senior Subordinated Notes (212,495)    
5.75 % Senior Subordinated Notes due 2025      
Cash flows from financing activities:      
Proceeds from issuance of Senior Subordinated Notes   600,000  
5.875% Senior Subordinated Notes due 2022      
Cash flows from financing activities:      
Proceeds from issuance of Senior Subordinated Notes     $ 375,000
Odeon      
Cash flows from investing activities:      
Acquisition (438,733)    
Carmike      
Cash flows from investing activities:      
Acquisition (497,798)    
Starplex Cinemas      
Cash flows from investing activities:      
Acquisition $ 681 $ (172,853)