XML 63 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities    
Net income $ 66,331 $ 77,470
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 77,091 66,378
Amortization of intangible and other assets and unfavorable leases 1,946 2,628
Amortization of long-term prepaid rents 1,284 779
Amortization of debt issue costs 2,371 2,357
Amortization of deferred revenues, deferred lease incentives and other (4,798) (3,005)
Amortization of accumulated other comprehensive loss related to interest rate swap agreement 2,259 2,317
Fair value change in interest rate swap agreements not designated as hedges (328)  
Amortization of bond discount 417 381
Impairment of long-lived assets 2,609 5,035
Share based awards compensation expense 4,572 3,254
Loss on sale of assets and other 5,128 2,325
Loss on contribution and sale of digital projection systems to DCIP 1,038 2,033
Loss on early retirement of debt 4,945  
Deferred lease expenses 1,650 1,697
Deferred income tax expenses 5,881 (14,176)
Equity in (income) loss of affiliates (634) 3,155
Tax benefit related to stock option exercises and restricted stock vesting 910 1,904
Distributions from equity investees 2,835 2,059
Changes in assets and liabilities 7,151 (48,453)
Net cash provided by operating activities 182,658 108,138
Investing activities    
Additions to theatre properties and equipment (85,302) (56,960)
Proceeds from sale of theatre properties and equipment 4,471 2,148
Investment in joint venture - DCIP and other (993) (644)
Net cash used for investing activities (81,824) (55,456)
Financing activities    
Proceeds from stock option exercises 444 5,482
Payroll taxes paid as a result of noncash stock option exercises and restricted stock withholdings (494) (416)
Dividends paid to stockholders (47,873) (40,255)
Repayments of long-term debt (162,254) (6,136)
Proceeds from issuance of senior subordinated notes 200,000  
Payment of debt issue costs (4,521) (8,706)
Payments on capital leases (3,495) (3,606)
Purchase of noncontrolling interest in Cinemark Chile (1,443)  
Other (1,101) (110)
Net cash used for financing activities (20,737) (53,747)
Effect of exchange rate changes on cash and cash equivalents 5,810 (1,101)
Increase (decrease) in cash and cash equivalents 85,907 (2,166)
Cash and cash equivalents:    
Beginning of period 464,997 437,936
End of period $ 550,904 $ 435,770