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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net income $ 113,414 $ 113,792
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 100,655 90,707
Amortization of intangible and other assets and favorable/unfavorable leases 1,032 1,194
Amortization of long-term prepaid rents 985 1,382
Amortization of debt issue costs 2,664 2,600
Amortization of deferred revenues, deferred lease incentives and other (9,339) (6,759)
Impairment of long-lived assets 1,917 4,322
Share based awards compensation expense 7,660 6,475
Loss on sale of assets and other 4,045 4,352
Write-off of unamortized debt issue costs associated with early retirement of debt 2,369  
Deferred lease expenses (647) (1,288)
Equity in income of affiliates (12,207) (9,325)
Deferred income tax expenses 2,101 (7,942)
Distributions from equity investees [1] 8,270 8,309
Changes in assets and liabilities and other (21,996) (27,017)
Net cash provided by operating activities 200,923 180,802
Investing activities    
Additions to theatre properties and equipment and other (131,524) (155,712)
Proceeds from sale of theatre properties and equipment and other 441 4,973
Proceeds from sale of marketable securities 13,451  
Investment in joint ventures and other (700) (1,777)
Net cash used for investing activities (133,632) (155,167)
Financing activities    
Dividends paid to stockholders (62,740) (57,900)
Payroll taxes paid as a result of restricted stock withholdings (6,802) (4,748)
Proceeds from issuance of Senior Notes, net of discount 222,750  
Retirement of Senior Subordinated Notes (200,000)  
Repayments of long-term debt (15,217) (3,516)
Payment of debt issue costs (4,504) (6,957)
Payments on capital leases (9,529) (7,959)
Other 1,270 1,950
Net cash used for financing activities (74,772) (79,130)
Effect of exchange rate changes on cash and cash equivalents 2,542 (9,085)
Decrease in cash and cash equivalents (4,939) (62,580)
Cash and cash equivalents:    
Beginning of period 588,539 638,869
End of period 583,600 576,289
Brazil    
Investing activities    
Acquisition of theatres   $ (2,651)
U.S.    
Investing activities    
Acquisition of theatres $ (15,300)  
[1] Includes cash distributions received from equity investees that were recorded as a reduction of the respective investment balances. In an effort to more closely align our reported Adjusted EBITDA with our operating cash flow and for consistency with our peers, beginning with the three months ended March 31, 2016, Adjusted EBITDA now includes total cash distributions received from equity investees, including the cash distributions recorded as a reduction of the respective investment balance. Adjusted EBITDA for the three and six months ended June 30, 2015 has been adjusted to reflect comparable presentations