15.

Segments

The Company manages its international market and its U.S. market as separate reportable operating segments, with the international segment consisting of operations in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia and Curacao. Each segment’s revenue is derived from admissions and concession sales and other ancillary revenues, primarily screen advertising. The measure of segment profit and loss the Company uses to evaluate performance and allocate its resources is Adjusted EBITDA, as defined in the reconciliation table below. The Company does not report asset information by segment because that information is not used to evaluate the performance of or allocate resources between segments.

Below is a breakdown of selected financial information by reportable operating segment:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Revenues
U.S.	$	509,330		$	463,854		$	1,576,107		$	1,433,259
International		194,497			186,428			580,335			543,501
Eliminations		(3,771	)		(3,379	)		(11,056	)		(9,714	)

Total revenues	$	700,056		$	646,903		$	2,145,386		$	1,967,046

Adjusted EBITDA⁽¹⁾
U.S.	$	108,689		$	99,519		$	359,400		$	313,930
International		46,088			42,220			135,951			125,719

Total Adjusted EBITDA	$	154,777		$	141,739		$	495,351		$	439,649

Capital expenditures
U.S.	$	48,868		$	36,325		$	167,082		$	97,120
International		27,771			17,280			65,269			59,048

Total capital expenditures	$	76,639		$	53,605		$	232,351		$	156,168

⁽¹⁾	Distributions from NCM are reported entirely within the U.S. operating segment.

The following table sets forth a reconciliation of net income to Adjusted EBITDA:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Net income	$	46,701		$	38,532		$	160,493		$	146,362
Add (deduct):
Income taxes		30,109			25,534			99,263			70,477
Interest expense ⁽¹⁾		28,419			28,335			84,930			85,101
Loss on amendment to debt agreement		—			—			925			—
Other income ⁽²⁾		(1,501	)		(6,636	)		(8,453	)		(20,777	)
Depreciation and amortization		47,543			44,731			139,444			131,108
Impairment of long-lived assets		633			4,510			4,955			5,294
(Gain) loss on sale of assets and other		(500	)		2,590			3,852			8,719
Deferred lease expenses		(521	)		168			(1,809	)		2,016
Amortization of long-term prepaid rents		519			1,000			1,901			1,785
Share based awards compensation expense		3,375			2,975			9,850			9,564

Adjusted EBITDA	$	154,777		$	141,739		$	495,351		$	439,649

⁽¹⁾	Includes amortization of debt issue costs.

⁽²⁾	Includes interest income, foreign currency exchange loss and equity in income of affiliates and excludes distributions from NCM.

Financial Information About Geographic Areas

Below is a breakdown of selected financial information by geographic area:


	Three Months Ended September 30,						Nine Months Ended September 30,
Revenues	2015			2014			2015			2014
U.S.	$	509,330		$	463,854		$	1,576,107		$	1,433,259
Brazil		68,340			83,521			230,953			256,421
Other international countries		126,157			102,907			349,382			287,080
Eliminations		(3,771	)		(3,379	)		(11,056	)		(9,714	)

Total	$	700,056		$	646,903		$	2,145,386		$	1,967,046


Theatre Properties and Equipment-net	September 30, 2015		December 31, 2014
U.S.	$	1,158,146	$	1,094,076
Brazil		150,146		204,107
Other international countries		152,726		152,629

Total	$	1,461,018	$	1,450,812