v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (911.2) $ (2,737.5)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 219.8 242.2
Deferred income taxes (12.3) 65.4
Impairment of long-lived assets, definite and indefinite-lived intangible assets and goodwill   1,851.9
Amortization of net premium on corporate borrowings to interest expense 24.5 6.6
Amortization of deferred financing costs to interest expense 15.5 8.4
PIK interest expense 107.1  
Non-cash portion of stock-based compensation 13.8 6.4
Gain on disposition of Baltics (5.5)  
Gain on dispositions   (2.4)
Loss on derivative asset and derivative liability   13.2
Equity in loss from non-consolidated entities, net of distributions 5.5 29.6
Landlord contributions 11.1 24.9
Other non-cash rent benefit (19.2) (1.5)
Deferred rent (29.9) (25.8)
Net periodic benefit cost (income) (0.4) 0.6
Change in assets and liabilities:    
Receivables 6.3 177.3
Other assets (11.0) 49.6
Accounts payable (67.9) (55.0)
Accrued expenses and other liabilities 116.8 (99.3)
Other, net (9.7) 29.5
Net cash used in operating activities (546.7) (415.9)
Cash flows from investing activities:    
Capital expenditures (29.8) (126.7)
Proceeds from disposition of Baltics, net of cash and transaction costs 35.2  
Proceeds from disposition of long-term assets 1.4 3.7
Investments in non-consolidated entities, net (9.3) (9.3)
Other, net   0.8
Net cash used in investing activities (2.5) (131.5)
Cash flows from financing activities:    
Borrowings (repayments) under revolving credit facilities (335.0) 322.8
Scheduled principal payments under Term Loan due 2026 (10.0) (10.0)
Payments related to sale of noncontrolling interest (0.4)  
Principal payments under finance lease obligations (3.9) (2.3)
Cash used to pay for deferred financing costs (19.3) (9.3)
Cash used to pay dividends   (4.3)
Taxes paid for restricted unit withholdings   (1.0)
Net cash provided by financing activities 2,066.9 785.9
Effect of exchange rate changes on cash and cash equivalents and restricted cash 0.5 (5.6)
Net increase in cash and cash equivalents and restricted cash 1,518.2 232.9
Cash and cash equivalents and restricted cash at beginning of period 321.4 275.5
Cash and cash equivalents and restricted cash at end of period 1,839.6 508.4
Cash paid during the period for:    
Interest (including amounts capitalized of $0.2 million and $0.5 million) 98.7 105.7
Income taxes (received) paid, net (6.1) (8.7)
Schedule of non-cash activities:    
Investment in NCM   4.1
Construction payables at period end 15.0 35.3
Class A common stock    
Cash flows from financing activities:    
Net proceeds from Class A common stock issuance 1,570.8  
Mudrick Capital Management LP [Member]    
Cash flows from financing activities:    
Net proceeds from Class A common stock issuance 230.4  
First Lien Notes due 2026    
Cash flows from financing activities:    
Proceeds from issuance of Notes   $ 490.0
First Lien Toggle Notes due 2026    
Cash flows from financing activities:    
Proceeds from issuance of Notes 100.0  
Odeon    
Cash flows from financing activities:    
Proceeds from issuance of Odeon Term Loan due 2023 $ 534.3