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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net income $ 107,830 $ 53,899
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 85,032 75,846
Amortization of intangible and other assets and favorable/unfavorable leases 1,345 1,920
Amortization of long-term prepaid rents 785 1,379
Amortization of debt issue costs 2,623 2,856
Amortization of deferred revenues, deferred lease incentives and other (6,732) (5,266)
Amortization of bond discount   482
Impairment of long-lived assets 784 1,945
Share based awards compensation expense 6,589 6,788
(Gain) loss on sale of assets and other 6,129 (3,143)
Write-off of unamortized debt discount and debt issue costs related to early retirement of debt   15,688
Deferred lease expenses 1,848 2,103
Deferred income tax expenses (22,003) (43,081)
Equity in income of affiliates (7,220) (4,106)
Interest paid on redemption of senior notes   (8,054)
Distributions from equity investees 8,352 3,003
Changes in assets and liabilities and other (25,615) 11,224
Net cash provided by operating activities 159,747 113,483
Investing activities    
Additions to theatre properties and equipment (102,563) (90,388)
Proceeds from sale of theatre properties and equipment and other 1,547 18,478
Acquisitions of theatres in U.S.   (259,247)
Investment in joint ventures and other (1,896) (3,264)
Net cash used for investing activities (102,912) (334,421)
Financing activities    
Proceeds from stock option exercises 112 58
Payroll taxes paid as a result of restricted stock withholdings (9,776) (3,464)
Dividends paid to stockholders (57,772) [1] (48,364) [2]
Issuance of senior notes   530,000
Redemption of senior notes   (461,946)
Repayments of long-term debt (4,952) (4,736)
Payment of debt issue costs   (9,212)
Payments on capital leases (6,827) (5,374)
Other 3,340 3,305
Net cash provided by (used for) financing activities (75,875) 267
Effect of exchange rate changes on cash and cash equivalents (2,748) (6,519)
Decrease in cash and cash equivalents (21,788) (227,190)
Cash and cash equivalents:    
Beginning of period 599,929 742,664
End of period $ 578,141 $ 515,474
[1] On May 22, 2014 the Company's board of directors declared a cash dividend for the first quarter of 2014 in the amount of $0.25 per share of common stock payable to stockholders of record on June 6, 2014. The dividend was paid on June 20, 2014. On February 14, 2014, the Company's board of directors declared a cash dividend for the fourth quarter of 2013 in the amount of $0.25 per share of common stock payable to stockholders of record on March 4, 2014. The dividend was paid on March 19, 2014.
[2] On May 24, 2013 the Company's board of directors declared a cash dividend for the first quarter of 2013 in the amount of $0.21 per share of common stock payable to stockholders of record on June 6, 2013. The dividend was paid on June 20, 2013. On February 12, 2013, the Company's board of directors declared a cash dividend for the fourth quarter of 2012 in the amount of $0.21 per share of common stock payable to stockholders of record on March 4, 2013. The dividend was paid on March 15, 2013.