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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating activities        
Net income $ 82,464 $ 51,810 $ 144,641 $ 132,004
Adjustments to reconcile net income to cash provided by operating activities:        
Depreciation     126,981 115,755
Amortization of intangible and other assets and favorable/unfavorable leases     1,704 738
Amortization of long-term prepaid rents 597 496 1,236 989
Amortization of debt issue costs     2,913 3,063
Loss on debt amendments   246 1,484 246
Amortization of deferred revenues, deferred lease incentives and other     (10,762) (7,923)
Impairment of long-lived assets 2,788 4,301 3,379 4,574
Share based awards compensation expense 3,452 3,203 6,878 6,444
Loss on disposal of assets and other 16,901 54 20,840 888
Deferred lease expenses (449) (375) (932) (722)
Equity in income of affiliates (6,414) (5,805) (15,050) (15,865)
Deferred income tax expenses     7,669 14,515
Distributions from equity investees [1] 3,932 2,870 16,255 14,919
Changes in assets and liabilities and other     (27,333) (33,935)
Net cash provided by operating activities     279,903 235,690
Investing activities        
Additions to theatre properties and equipment (82,426) (91,613) (162,589) (182,800)
Acquisitions of theatres in the U.S. and international markets, net of cash acquired     (11,508) (40,829)
Proceeds from sale of theatre properties and equipment and other     2,135 14,521
Investment in joint ventures and other, net     (19,467) (466)
Net cash used for investing activities     (191,429) (209,574)
Financing activities        
Dividends paid to stockholders     (74,723) (67,528)
Payroll taxes paid as a result of stock withholdings     (2,905) (2,921)
Repayments of long-term debt     (3,298) (1,427)
Payment of debt issue costs     (5,103) (521)
Fees paid related to debt amendments     (704) (246)
Payments on capital leases     (12,377) (10,143)
Other       (311)
Net cash used for financing activities     (99,110) (83,097)
Effect of exchange rate changes on cash and cash equivalents     (7,199) (75)
Decrease in cash and cash equivalents     (17,835) (57,056)
Cash and cash equivalents:        
Beginning of period     522,547 561,235
End of period $ 504,712 $ 504,179 $ 504,712 $ 504,179
[1] Includes cash distributions received from equity investees that were recorded as a reduction of the respective investment balances (see Notes 7 and 8). These distributions are reported entirely within the U.S. operating segment.