14.

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, Curacao and Paraguay. Each segment’s revenue is derived from admissions and concession sales and other ancillary revenues. The Company uses Adjusted EBITDA, as shown in the reconciliation table below, as the primary measure of segment profit and loss to evaluate performance and allocate its resources. 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,
	2016			2015			2016			2015
Revenues
U.S.	$	572,916		$	509,330		$	1,677,365		$	1,576,107
International		199,476			194,497			551,212			580,335
Eliminations		(3,818	)		(3,771	)		(10,730	)		(11,056	)

Total revenues	$	768,574		$	700,056		$	2,217,847		$	2,145,386

Adjusted EBITDA⁽¹⁾
U.S.	$	137,540		$	113,059		$	409,018		$	372,079
International		47,351			46,088			128,915			135,951

Total Adjusted EBITDA	$	184,891		$	159,147		$	537,933		$	508,030

Capital expenditures
U.S.	$	75,839		$	48,868		$	175,218		$	167,082
International		22,984			27,771			55,128			65,269

Total capital expenditures	$	98,823		$	76,639		$	230,346		$	232,351

⁽¹⁾	Distributions from NCM and other cash distributions from equity investees 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						Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
Net income	$	66,126		$	46,701		$	179,540		$	160,493
Add (deduct):
Income taxes		40,926			30,109			106,002			99,263
Interest expense ⁽¹⁾		26,659			28,419			81,980			84,930
Other income ⁽²⁾		(14,540	)		(1,501	)		(32,510	)		(8,453	)
Loss on debt amendments and refinancing		—			—			13,284			925
Other cash distributions from equity investees ⁽³⁾		1,391			4,370			9,660			12,679
Depreciation and amortization		54,187			47,543			155,874			139,444
Impairment of long-lived assets		406			633			2,323			4,955
(Gain) loss on sale of assets and other		6,940			(500	)		10,985			3,852
Deferred lease expenses		(162	)		(521	)		(809	)		(1,809	)
Amortization of long-term prepaid rents		371			519			1,357			1,901
Share based awards compensation expense		2,587			3,375			10,247			9,850

Adjusted EBITDA	$	184,891		$	159,147		$	537,933		$	508,030

⁽¹⁾	Includes amortization of debt issue costs.

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

⁽³⁾

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, which provides our chief operating decision maker with more comprehensive cash flow information, 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 nine months ended September 30, 2015 has been adjusted to reflect comparable presentations.

Financial Information About Geographic Areas

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


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
Revenues	2016			2015			2016			2015
U.S.	$	572,916		$	509,330		$	1,677,365		$	1,576,107
Brazil		85,051			68,340			231,556			230,953
Other international countries		114,425			126,157			319,656			349,382
Eliminations		(3,818	)		(3,771	)		(10,730	)		(11,056	)

Total	$	768,574		$	700,056		$	2,217,847		$	2,145,386


Theatre Properties and Equipment-net	September 30, 2016		December 31, 2015
U.S.	$	1,235,180	$	1,175,535
Brazil		195,447		163,505
Other international countries		182,482		166,029

Total	$	1,613,109	$	1,505,069